The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1897-07-20


Thc Democrats OF Ohio In convention as
aemhied reaGlrm and iudorSe the deolara.
tion OF principles contained In the platform
adopted by the Democratic party In national
convention Of Chicago Ia 1900, which plat,
form declares the money question para
mount TO oil others AZ this time and 10 a.
follows;
We invite attention to the fact that the
constitution names silver and gold together
as the money metals OF the United Statea,
and that the nTst coinage law passed by
congress under the constitution made the
silver dollar the money unit and admitted
gold 10 free coinage at a ratio based upon
the silver dollar unit.
We declare that the act Of 1873. demone.
tlzing silver without the knowledge or aD.
provnl of the American people has resulted
In the appreciation OF gold, and corre-
spending fall In the prices OF commodities
produced by the people; heavy Increase
In the burden OF taHxtiOn and OF oil debts,
public aud private; the enrichment OF tho
money-lendlng class nt home aud abroad.
the prostitution of Industry and impover-
ishment OF the people.
We are unalterably opposed to mono
motOllism, which has locked fast the pros
perity OF an Industrial people In the par
Rlysis OF hard times. Gold mono o-metallism
IL British policy, and Its adoption has
brought other nations into financial servi-
tude 10 london II Is not only un-Ameri.
can, but anti.Aniercan, and ID can be fas-
tened on the United States only by the
sitting of that spirit of love Of liberty
which proclaimed our political independence
In 1770 and won II In the war Of the revoiu-
tiop.
We demand the free and unlimited coin
age Of both silver nnd gold at the present
ratio OF 10 TO 1. without waiting for the aid
or consent OF any other nation. We demand
ha h.. So aiIvar HnIlar shall ha n
full legal tender, equally with gold, for all
debts, public and private, and we favor
such legislation as will prevent for the fu-
turs the demonetization OF any kind OF legal
tender money by private contract.
We are opposed to the policy aud prsetice
of surrendering to the holders of the Sbiiga-
tions OF the United States the o.tion re-
served by law 10 the government Of re-
deemlng such obligations In either silver
or gold coin.
We are opposed 10 the Issuing OF interest
bearing bonds Of the United States 10 time
of peace. and condemn the trafiicking with
banking syndicates which, In exchange for
bonds at an enormous profit 10 themselves,
supply the federal treasury with gold to
maintain the policy OF monometall!sm.
Congress alone has the power 10 coin and
Issue money. and President jackson de-
ciared that this power could not he dele
gated to corporations or individuals. We
therefore denounce the Issuance Of notes
intended TO circulate as money by national
banks as In derogation Of the constitution.
and we demand that all paper which Ia
made legal tender for public and private
debts or which is receivable for duties TO
the United Stgtee, shall be issued by the
government Of rhe United States and shall
be redeemable IN coin.
In support OF these principles we invite
the cooperation OF all men who love liberty
and hate corruption, oppression and
tyranny. -