The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-09-04
Goldbug Nominee for Vice-President
of the United States.


of the United States.
isting evils, except oppressive and un-
Just taxation.
The National Democracy, here re-
convened therefor, renews its declara-
ton of faith in Democratic principles
and especially as applicable to the con-
d3tion of the times.
PROTECTION AND FREE COINAGE.
Taxation, tariff, excise or direct, is
rghtfully imposed only for public pur-
poses and not for private gain. The
sum derived by the Treasury from tar
iff and excise levies is affected by the
state Of trade and volume of cOnsump-
ton The amount required by the
Treasury is determined by the
appropriations made by Con-
gress. The demand of the Repubi-
can party for an increase in the tariff
tax has its preteXt in the deficiency OF
revenue which has its causes in the
stagnation of trade and reduced con-
sumption, due entirely to the loss of
confidence that has followed the Popu-
list threat for free coinage and depre-
citation of our money, and the Republi-
can practice of extrayagant approprla-
tons beyond the needs of good govern
ment We arraign and condemn the
Populistic conventions of Chicago and
st. Louis for their cooperation.
With the Republican party increas-
inc these conditions, which are pleaded
in justification of heavy increase in
burdens of the people and a further
resort to protection, we therefore, de-
nounce protection and its ally, free
coinage. as schemes for the personal
profit of a few at the expense of many,
and oppose the parties which stand for
these schemes as hostile to the people
Of the republic whose food and shelter,
comfort and property are attacked
by higher taxes and deprecated money.
LII fine, we reaffirm the historic Demo
cratic doctrine of tariff for revenue
only.
The next plank is devoted to the
subject of shipping and demands that
liberal policies toward American ship
ping shall take the place of our initla-
ton of "the restrictive statutes of the
eighteenth century which were aban-
doned by every maritime power but the
United States"
THE GOLD STANDARD.
The experience of mankind has
shown that by reason Of their natural
qualities, gold is the necessary money
of the large affairs of commerce and
business, while silver is conveniently
adapted to minor transactions and the
most beneficial use of both together
can be ensured only by the adoption
of the former as a standard of none
tary measure, and the maintenance of
silveS. at a parity with gold by it's linn
For FJcs r,f
law. In this is the largest possible
employment of both metals coined
with a value universally accepted
throughout the world, which consti-
tutes the only practical currency, as
suring the most stable standard and
especially the best and safest money
for all who earn livelihood by labor
or the produce of husbandry. They
cannot suffer when paid in the best
money known to man, but are the
peculiar and most defenseless victims
of debased and fuctuating curren-
cy which offers continued profits to the
money-changer at their cost.
Realizing these truths, demonstrate
ed by long public inconvenience and
loss, the Democratic party, in the in
terests of the masses and of equal JUS
tice toall practically established by the
legislation of 1884, and 1878 the gold
standard Of monetary measurement
and likewise entirely divorced the gov
ernment from banking and currency
issues. To this long established Dem
ocratic policy we adhere and insist
upon the maintenance of the gold
standard and of the parity Herewith
Of every dollar issued by the govern
ment and are firmly opposed to the
free and unlimited coinage of silver
and to the compulsory purchase of sill
YER bullion.
We assert the necessity of such in
Continued on fifth page.)