Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1896-07-18
A Tariff for Revenue, Ajusted to Avoid
Discrimination Against Producers
ofRaw Materials, Favored-In-
come Tax Pronounced Just
Statehood Plank.

and religious liberty. The Democratic
party has always been the exponent of
political liberty and religious freedom,
and it renews its obligations and reaf-
firms it's devotion to these fundamental
principles of the constitution.
During all these years the Democratic
party has resisted the tendency of selfish
interests to Capitalization of govern
mental power, and has steadfastly main
tanned the integrity of the dual scheme of
government as established by the found
ers of this republic of republics. Under
it's guidance and teachings the great
principle of local self government has
found best expression in the mainte-
nance of the rights of the states and 10 its
assertion of the necessity of combining the
general government to the exercise of
the powers granted by the constitu-
ton of the United States.
FREE COINAGE.
Recognizing that money question is
paramount to all others at this time, we
invite attention to the fact that the fed
eral constitution names silver and gold
together as the money metals OF the
United States, and that the first coinage
law passed by congress under the consti-
tuition made the silver dollar the none
tary unit and admitted gold to free coin
age at ratio based upon the silver unit
We declare that the act OF 1873, de-
monetizing silver without the knowledge
or approval of the American people, has
resulted in the appreciation of gold and
corresponding fall in the prices of CON-
modities produced by the people, a
heavy increase in the burden of taxation
ard of all debts public and private, the
enrichment of the money lending class at
home and abroad, the prostration of in.
dustry and impoverishment of the peo-
pie. We are unalterably opposed to
monometallism, which has locked fast
the prosperity of an industrial people in
the paralysis of hard times. Gold mono
metallism is British policy, and it's
adoption has brought other nations into
financial servitude to London. tits not
only un-American, but anti.American,
and it can be fastened on the United
States only by the sitting of that spirit
and love Of liberty which proclaimed our
political independence IN 1776 and won
it in the war of the revolution.
We demand the free and unlimited
coinage of both gold and silver at the
present legal ratio of 16 to without
waiting for the aid or consent of any
other nation. We demand that the stand
ard silver dollar shall be full legal tender
90 ually with gold for all debts, pub
lie and private, and we favor such legisla-
ton as will prevent for the future the
emonetization of any kind of legal
tender money by private contract.
BOND DEALS.
We are opposed to the policy and prao-
tice of surrendering to the holders of the
obligations of the United States the OPP
ton, reserved by law to the government,
of redeeming such obligations in either
silver coin or gold coin.
We are opposed to the issuing of inter-
est bearing bones of the United States In
time of peace, and condemn trafticlng
with banking syndicates which, in ex-
change for bonds at an enormous profit
to themselves, supply the federal treas
ury with gold to maintain the policy OF
| gold monometallism.
NATIONAL BANKS.
| Congress alone has the power to coin
and issue money, and President Jackson
declared that this power could not be
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American staples Of access to thei
natural markets. Until the money ques
tion is settled, We are opposed to an!
agitation for further changes in our tarif
laws except such as are necessary tt
meet the deficit In the revenue caused b,
the adverse decision of the supreme cour
on the income tax law.
INCOME TAX.
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