Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1898-11-04
Let There Be Light.

ISe SiiSiS LIZ LiSiiIs
The doctrines of the democracy on
money, tersely stated, are:
First-Gold and silver are the ma
teriaIs recognized by the Federal con-
stitution upon which the money func-
ton shall be conferred
Second-It is not in the power of
congress to disfranchise either metal,
and it is its duty to coin both metals
on parity with each other at the es-
tablished ratio.
Third-The congress of the United
States should coin without any limi-
tation all the gold and silver availa-
BILE for this purpose and fix the ex-
changeable value of all foreign coins.
Fourth-The United States should
strictly and sacredly adhere to its own
standards of value, without consult
Ing or asking the consent of any other
nation.
Fifth-All paper or credit money
should.be issued by the government.
All banks of issue should be suppress
Of currency is Incidental to the power
to coin money, and can not be farmed
out to individuals or corporations.
Sixth-All paper currency should
be resolved by the government for
taxes, duties and debts, and redeem
able in the constitutional money,
either gold or silver, at the pleasure
of the government.
seventh-All outstanding bonds
and Indebtedness of the government
are payable in either gold or silver,
that there should be no discrimina-
ton allowed in the exchangeable val
ne of any legal tender.
Eighth-The democracy insist upon
an American system of money, con-
sisting of gold, silver and treasury
notes. The volume of money and
currency should depend upon the
needs of the people, and not upon the
avarice or greed of bankers.
That the Legitimate business OF
banks is to receive deposits of idle
money, discount commercial paper,
and deal in exchange and be divorced
entirely from the power to issue cur.
rency which is exclusively a fun ction
of government.
The republican party, or that por
ton of it which represents the ruling
power, holds the following doctrines
First-That it is within the power
OF congress to drop from coinage an6
and deprive either of the precious
metals of its money functions. They
are for the coinage of both gold ant
silver upon the condition that othe,
nations with which we have commerce
will give their consent.
Second-They will maintain the
single gold standard until an inter
national conference shall agree to tn,
full acknowledgements of silver at
parity with gold at a ratio to b.
agreed upon; that the United State
must conform its financial legislation
to suit the wishes of the government
Of Great Britain.
Third-The republican party is il
favor of the English system of finance
gold and bank notes eliminating from
circulation greenbacks and treasur,
notes; that banking associations shall
supply all credit money; that silve
shall be denied the legal tender func
ton, and be only token money, like
nickel and copper. They favor thu
extension and enlargement of tn.
powers of banks authorizing them t,
issue an emergency currency.
If we were ask ed to give in a singh
sentence the contention of the tw,
great parties we would respond: Th
republican is the bank party; tn
democratic Is the antibank party. T.
prove that we are not mistaken il
our definition we only need to men
ton the fact that the bankers, almos
without exception, are republicans
Congress is largely composed of bank
ers. When matters of finance are un
der consideration republican ant
democratic bankers know nothing O
political party lines and are as close
~ and lovingly allied as were David
and Jonathan. They are alike earn
est in their demand that the 'igovern
ment shall get out of the banking
business" but neither of them is anx
1ous that the banks should get out O.
the government business
Enquirer.