The advocate., 1897-08-25

even SILVER coin nuSJ DC tn6dSuISu'
It may be urged that the party has
changed its policy in that respect. I
deny It. The platform utterance is
merely declamatory--inserted to catch
the POpulist vote. The responsible men
OF the party have not been and are not
now tenacious about the ratio. It's
candidate for the Presidency and his
associate on the ticket would, as ]
verify believe, consent to any cOmpro-
mise that would secure the unlimited
coinage of silver.
But there Is another point Of differ
ence on the money question between
Democrats and POpulists, They be-
lieve in redemption money. We do not.
They believe that all paper currency,
even If it be issued by the government,
must be redeemable in coin. We do
not. Here is their platform declaration
on the subject:
I'VE demand that all paper which Is
made q legal tender for public and pri-
vate debts, or which Is receivable for
duties to the United States, shall be
issued by the government of the United
States, and shall be redeemable in
coin"
POpulists want money that is good
and lawful-good for all" the purposes
and uses to which money is applied
money that needs no redemption other
than in effecting cash exchanges of
property values, and in payment OF
dues and demands.
It is this redemption theory that is
causing all our financial troubles. 1t
occasiOned the panics Of 1873, 1884,
1890 and 1893. It forced the illegal
sale of bonds in 1894-5, and increased
our national taxes in 1897. 1t was the
fatal dogma that induced Senator Jones
to introduce the bill to which have
referred, and to which Ishall again call
your attention.
1t is entitled "a bill providing for
the issue Of bonds, the coinage OF silver,
and for other purposes" The first sec
ton provides for the preparation and
sale Of $500,000,O00 worth of thirty
year per cent. bonds, the proceeds to
be used in withdrawing the greenbacks
and treasury notes and the next seven
sections provide the details, part Of
which are to strengthen and continue
the national banking system, and to
perpetuate its power. Only one Sec
tion (the ninth relates to silver COIN
age, and that have read to you.
II is because the Democrat party
believes in redemption money that Mr..
Jones, It's leader, proposed to get the
government paper out Of the way, and
let bank notes take their places.
Summing up the whole matter, the
coinage Of silver and an income tax
are the only matters about which the
two parties are even approximately in
accord. AS to all matters which Pop
ulists regard as fundamental and as OF
SURPRISING importance, we are not only
not in accord, but are positively op-
posed to each other.
The Democrat party is Old-almost
as old as the government itself, and the
last time it was in power (and 1t re-
tired but few months ago. 1t excelled
in criminal blunders all preceding ad-
ministratiOns, for 1t actually turneu
the public treasury over to the bankers
Of New York and London.
y
The principles Of the Peoples party
are essentially different from those Of
the other great parties on every fun
damental proposition. Republicans
and Democrats believe that one man
or company may rightfully claim a
county, a State or country IL he is rich
enough to buy all the land there; they
believe that the coal mines may prop
erly be owned and operated by corpora
tons with the accompanying privilege
Of charging what they please for the
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