The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1897-09-28


Tile Demo ,rats OF Ohio in convention NJ.
scmblcd rea firm and lndorse the declara.
tion OF principles contained In the platform
adopted by the Democratic party In national
convention at Chic1go In 1885, which plat.
form declares the money question para
mount TO all others at this time, and 10 a.
follows.
We invite attention to the fact that the
constitution naples silver and gold together
as the money metals OF the United States,
and that the first coinage law passed by
congress under the constitution made the
silver dollar the money unit, and admitted
gold 10 free coinage at q ratio based upon
the silver dollar unit.
We declare that the act of 1879. damone,
tizng silver without the knowledge or ap-
proval of the American people has resulted
In the appreciation of gold. and a CORE
spending fall In the prices or commodities
produced by the people; a heavy Increase
In the burden OF taaxtion and OF oil debts,
public and private; the enrichment Of the
money-lending class at home and abroad,
the prostfation of Industry, and impoyer-
lshment Of the people.
We are unalterably opnosed to mono
metallism, which has locked fast the pros
perity OF an industrial people In the par
alysls OF hard times. Gold mono metallism
Is a British policy, and Its adoption has
brought other nations into financial servl-
tude to London. 1t is not only un-Ameri.
can, but anti-American, and 1t can be fas-
tened on the United States only by tho
stlfing OF that spirit OF love OF liberty
which proclaimed our political independence
In 1776 and won 1t in the war of the revoiu-
tion.
We demand the free and unlimited coin
age OF both silver and gold at the present
ratio Of 16 to /, without waiting for the aid
or consent OF any other nation. We demand
NhnA fln uAn Al al 1..tI., An
full legal tender, equally with gold, for all
debts, public and private, and we favor
such legislation as will prevent for the fu-
ture the decentralization OF any kind Of legal
tender money by private contract
We are opposed TO the policy and prsctics
OF surrendering to the holders OF tho sbliga-
tions OF the United States the o>tion re-
served by law TO the government OF re.
deemlng such obligations In either silver
or gold coin.
We are opposed TO the Issuing OF Interest,
bearing bonds OF the United States In time
OF peace, and condemn the trafncking with
banking syndlcates which, In exchange for
bonds at an enormous profit to themselves,
supply the federal treasury with gold to
maintain the policy OF monometallism.
Congress alone has the power to coin and
Issue money, and President Jackson de-
clared that this power could not be dele
gated to corporations or individuals. We
therefore denounce the Issuance OF netes
Intended to circulate as money by national
banks as In derogation OF the constitution,
and We demand that all paper which IL
made legal tender for public and private
debts or which Is receivable for duties to
the United States. shall be issued by the
government OF the United States and skaIl
be redeemable In coin.
In support OF these principles we invite
the cooperation OF all men who love liberty
and hate corruption, oppression aAd
tyranny.