Daily capital journal. (Salem, Or.) 1896-1899, 1896-04-23
m1ssouRi pRMocRATs.
declaration of Their State Convention on
E;nance


admitted gold to free coinage at
ratio measured by the Government
following policy formulated by
Thomas Jefferson and firmly estab
4 lished by Jackson, the Democratic
marty has been the party of bime'
tallism. favoring the free coinage OF
both silver and gold at the nationa
mints and opposed to farming out tc
banking corporations the Govern
nent's sovereign power of issuing and
controlling the money of the people.
The act of 1873 demonetizing silver,
WAS surreptitiously passed without
the approval or knowledge of the
merican people, and from the time
when the effect Of this act in fasten-
Inc upon this country the single gold
standard was understood the Demo-
.eratic party has consistently and per-
tlstently urged that the grievous
wrong be righted. The demonetiZa-
Mon of silver resulted in the steady
appreciation of gold and correspond
Inc fall in the price of commodities
broduced by the people; a heavy in
trease in the burden of all debts, pub
lie and private; the enrichment of the
money-lending class; paralysis of In
austry and impoverishment of the
Deople and unexampled distress in all
hold standard countries. Experience
has shown that while under the sim
2le gold standard there may be an oc-
casional revival of business activity,
accompanied by enhanced advances
of a limited number OF commodities,
snch revival is due to artificial and
temporary causes, and can not perm
anently alleviate the sutferings due to
ialling of prices brought about by the
appreciation Of the gold and an mad
tauate supply of primary redemption
money.
No delegate or alternate elected by
fhis convention shall have the power
Dr authority to name any 'other per-
Non as his proxy, to act or vote In his
stead at such national convention, but
such delegates as shall attend such
Convention, and the alternates Of such
delegates as shall not attend shall
have the power, and are hereby
authorized, to cast the full vote Of
this state in such convention.
We further hold that the paramount
issue ;now before the people Of the
United States relates to the monetary
system to be adopted by this country,
Ind upon that issue we declare that
the Federal constitution names silver
md gold together as the money metal
of the United States. Duty to the
people requires that the party of the
people continue the battle for bi-
metallism until its efforts are crowned
with success. Therefore be 1t
Resolved, That we demand the free
Ind unlimited coinage Of silver and
gold in the primary, for redemption
money, at the ratio Of l6 to /, without
waiting for the action or approval OF
Any other government.
Refolved, That we are irreyocably
opposed to the substitution for metal
lie money of a panic breeding corpor-
ation-credit currency based on a single
metal, the supply of which is so linn
tied that it can be 'cornered at any
time by few banking institutions In
Europe and America.
Resolved, That we are opposed tc
the policy and practice of surrender
Ing to the holders Of the obligations
Of the United States the option re-
served by law to the Government OF
redeeming such obligations in either
Silver coin or gold coin.
Resolved, That we are opposed 10
the issuing Of interest-bearing bonds
Of the United States In time OF peace,
and especially are we opposed TO plac-
Ing the Treasury Of the Government
Under the control Of any syndicate OF
bankers, and the issuance Of bonds ia
be sold by them at an enormous profit
FOR the purpose Of supplying the Fed
eral Treasury with gold to maintain
the policy of gold monometallism.
Resolved, That the delegates elected
by this Convention TO represent the
Democracy OF Missouri in the Ma
tional Democratic Convention, 10 be
held in Chicago, are hereby instructed
10 cast their votes and use their influ-
ence in that Convention in favor OF
the adoption OF the sentiments herein
above expressed, and such delegates
are hereby further instructed TO vote
rs unit on all questions coming be-
fore such National Convention; also,
( 10 cast their votes and use their In
finence to secure the nomination OF
candidates for President and Vice
President who are personally In ac'
cord with the money system herein
before advocated. We approve the
action OF our Senators, Hons. +. M
. ItnaIrron ..,l n.o.e.o - NTaof On tha