Evening journal., 1896-09-02
I ne GOLD DEMOCRATS.
Opening Of the National Demo
cratic Convention.
DELEGATES FROM MANY STATES


renoy Plan.
lNDIANAPoIIs, Sept. 2.-Sonator John
NJ. Palmer of Illinois, chairman of the
PROVISIONAL committee appointed at Chi
ago ilvo weeks ago, called tho convention
OF gold standard Democrats To order In
Ionlinson hall. Over 500 delegates ara
prosent, representing Al or AZ states and
Territories. Considering the fact that tho
original call for the meeting of representa-
lives of ten middle western states was Oh
y issued July 20, tine managers feel tia.
they have reason to feel proud Of tho n.
suit of their work
Ex xGovernor Roswell r. Flower of New
York was named by the national comnit-
tee for temporary chairman.
Among those now most prominently
mentioned as candidates are Secretary j.
Sterling Morton, Secretary Carlisle, Gem
eral John C. Black Of Illinois, senator
Villas, Senator Palmer, ex- Congressman
Outhwaito, and there is still some talk of
Senator Gray Of Delaware. Despite his
firm refusal, General Tracey of New York,
Senator Gray and Comptroller Eckels
cling to the suggestion Of Villas, but the
Wisconsin senator insists that the Badger
state is for Bragg and that he does not de-
sire the honor David Lawler Of Mime
sofa IS for Secretary Carlisle. The Ken
tucSian's name is received with favor,
but thoro IS an undercurrent of opinion
that tho nomination Of any one connected
with tho administration would be unwise.
The enstern delegates as rule are taking
no hand in the selection Of the candidates.
Thoy say they are willing to let the pre-
vailing sentiment in the central, middle
western and border states, where the main
battle-ground is, govern in this matter
Aside from the general question as to
how far the platform should go beyond n
ronunciation Of the Chicago platform and
q strong financial declaration, a contest is
likely to be preoipitated over the question
of Incorporating In 1t an Endorsement Of
the principle of an income tax and a dec
larntion in favor Of the retirement Of the
greonbacks coupled with the establishment
of a new federal banking system. There
has been considerable discussion also as to
tho form Of a financial declaration the
diyergency of opinion being as to whether
the plank should declare for the gold
standard with or without declaration for
the bimetallic standard by international
agreement. The money planks of most
of the gold Democratic conventions are
being examined closely, with q view to
reaching a concensus of opinion. The de-
mand for single declaration for the
maintenance of the gold standard comes
principally from the east, but has strong
supporters, like Senator Villas, In the west
The convention will complete the per-
manent organization this afternoon and
then adjourn until Thursday as a big
mass meeting has been arranged for to-
night, at which Colonel Breckinridge of
Kentucky, Colonel Follows Of New York
and MIR. Enrich of Colorado will speak.
The Carlisle Currency Plan.
a currency plank which is receiving
much favorable consideration is one " hich
has boon indorsed by the treasury depart
meut and contains suggestions by Secre-
;ary Carlisle. 1t is largely on the line
which no has advocated In the finance
committees in congress. 1t is as follows;
''Wo recognize the fact that the existing
currency system Of the United States,
created in a period Of national stress, is
not basel upon sound and scientific prin-
ciplos and requires serious revision to
adapt It to the needs Of commerce and pro-
ductlnn. The tendency of the system Of
government paper money and national
bank notes based upon bonded security
hGs been to restrict circulation where II
was nocdcd, TO accumulate idle capital in
"A
interest to the fluctuations and radical
inequalities in different sections, to re-
strict enterprise and cripple industry, tC
mako currency scarce in times Of bushes.
ne,iyity and reduudantly plentiful in times
;nl places whore it was not needed and a
e,ch ,i;nes to expel the surplus in the form
o. gold, the money of International ex
Change The gold standard has not beer
ito c.usc, but the victim, Of these condi
tons The banks also have been the vic
uils Gf laws not OF their making, the re
suit cf war necessities, and have inourre'
lnmcritod hostility because they hav
leon prevented by these laws from render
il- the services to agriculture industr
AID commerce which should he their legit
iiatc and natural function under
proper currency system.
''No believe that the protection Of tn
public credit against the results of agita
tion Tor the debasement of the metalli
standard has been rendered doubly diff
rult by the defective character Of our pa
per currency. The gold standard has born
the odium Of events for which it is not re
sronsible and which should be directe
against tho vicious policy Of governmen
pnpor currency subject TO perpetual reis
sue The sale of bonds for gold on fou
lAAlA
been due to the fact that the existing cuI
rency system has thrown upon the treas
ury an obligation which should be In
posed by law upon the banks. This sys
tom of loyal tender paper has brought dis
credit and suffering to every people VIII
have rosorted to it and has been discard
cd by every civilized state which ho
sought TO place its currency upon a SCUM
and scientific basis
'We demand therefore that the initis
steps be taken for tho withdrawal froi
circulation Of the legal tender notes or &c
change of the existing system of redemI
sion and reissue, and we demand, in ord,
That there may be no improper contractio
pf the currency and that it may be capt
slc Of ready adjustment to the demands
huaincss that the present banking law
lc 80 modified as to interpose no obstac
20 the creation of an elastic banking Gu
rcncs, subject TO such control as shall Il
sHso uniformity. security and redemptio
il standard coin on demand.
National Committee.
The following appointments for tho III