The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-10-15
HISTORY REPEATS ITSELF.

Gen. Palmer has the courage OF ms
love of the English government, the
financial policy of which he follows
without question. In his speech at
Detroit he said:
For myself would prefer to
live under q righteous MONARCHY
rather than submit to such prlIci-
pies as those declared by the Olii-
cago convention"
When the Declaration of Independ-
ence was read in Philadelphia, we
have it on the authority of Mr.. BlddIe
that few of the 'best people" OF that
city paid any attention to it, the com
mon people being the only ones who
received it with enthusiasm. The
''best people" in Philadelphia then pre-
ferred ''to live under righteous mon
archy' than under what they termed
Jefferson's French Revolution ways
and ideas.
There have always been men like
Hamilton and Andrew d.. White and
Nicholas Biddle and j. Pierpont Nor
gan, who do not regard the people as
capable of self government, and they
have sought in every way possible ito
keep the people from hurting them
selves" by taking charge of the gov
eminent and enacting laws that con-
verted it into as near monarchy as
possible. The financial policy of the
government, except when Andrew
jackson and his Democratic successors
were in office, has been almost always
manipulated for the enrichment of the
bond-holding class, as in monarchies
There is not law that has Congress
sional sanction providing for the pay
ment of government obligations in
gold. There is no legal warrant for the
Treasury reserve" Both are the re-
suit of Treasury regulations" were
made at the bidding of the money
power for it's own enrichment, and are
continued because In financial policies
we now have a virtual monarchy. Con-
.gress refuses to authorize gold bonds;
the Secretary of the Treasury pays all
bonds in gold, in constructive if not
actnal violation of law certainly with
out authority of law. What more could
a monarchy do? What have we but
monarchy, in which power is lodged
in syndicates and trusts that are per-
mitted to prey on the people?
The logical result of Gen. Palmer's
course is to further strengthen the
virtual monarchy we now have in
many respects. If we cannot legislate
for ourselves, we have not even a mon
archical form of government. This
country is a mere province of Great
Britain, where the people are permit
ted to elect their mayors and other
officers who can do nothing to dis
please the actual rulers. Worse than
that, our money kings claim the right
not only to govern in finance but to
vote as many times as they have dol
lars, coercing their employees to vote
as they direct. If such methods con-
tinue, Gen. Palmer need not express
his willingness to have a monarchy.
We have already an oligarchy of
wealth, where the white slaves are
made to do the bidding of their mas
tiers.
The Chicago platform is new De-
claration of Independence. The money
changers and all others who have an
undue advantage by means of legisla-
ton are as hostile to it as Mr.. Biddle
says the best people of Philadelphia"
were to Jefferson's declaration. But
that Declaration was enforced. And
SO will the Chicago Declaration. The
money changers, the lovers of mon
archy, the slave-drivers who own the
votes of their white slaves, the trusts
and monopolies may rage, but the
people will not much longer suffer the
ills they now bear. They know that
they were largely brought on by law
and that law can remove them.
Gen. Palmer may pray for a mon
archy, but the people are now aroused
because their agents have made this
republic a monarchy where wealth
governs. They will drive them out of
the temple they have polluted. If
Gen. Palmer and Mr.. Mckinley must
have a monarchy they may go to Eng
land and join Mr.. Bayard in adulation
of the Queen and worship the golden