Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1900-07-12
J 0RAT0RY OF The CONVENTION


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OBSERVATION-DISCLOSURES
is on the throat and in the pocket of
every human being in the nation. 1t
sneers ut the rights of man, and de-
hes the sovereignty of states. 1t reg
ulates wages and the prices of life's
necessities. 1t divides the territory of
the union into commercial provinces,
Furnishes integrity and rewards the
INSCRIPTIONS. 1t gives or refuses em-
lists the workingman and sets him
adrift to strrve in the midst of plenty.
'At the Remand of the so-called
gress hasf aacted new currency law.
sented to the national banks twenty
five millions of dollars, given them
control of our circulation, provided
for the payment in cash Of the pre-
MUM values of the greater part of it's
bonds, and created perpetual ma
tlonal debt. 1t has declared for the
payment of all obligations in gold,
stricken from it's contracts the re-
served right of the government to use
it's own money for the payment of
debts, and delegated to privte inter-
ests the power to supplement all def
ciencies in the circulating medium by
the paper money whose volume they
shall regulate, and which the people
are taxed to support. The greenback
and the treasury note are retired, an
inert mass of $150,OOO,OOO in gold is to
be kept in the treasury by the issue of
bonds whenever necessary, the cur
rency must shrink and swell as the
judgment of selfishness shall dictate,
and the pretended menace of bimetal-
lism against Sound money and the ma
tional honor has been evaded.
against this ubiquitous scheme of
finance democracy protests. We will
have no money system founded upon
the public debt and dictated by those
who hold it. We stand for the gold
and silver of the constitution. For a
paper currency founded upon them
and issued by the government as the
embodiment of our sovereignty. We
will not tax the people for the main
tenance of a private money system.
We would pay and not perpetuate
our public debt. We will dig our met
ais from the hills, and open our mints
to their coinage. We will pay no trib-
ute to Caesar for that which is our
, own. We will scourge the money
changers from the temple of our
treasury, reconsecrate it to the sery-
ice and the welfare of the common
people.
Money Question Not Dead.
"Those who assert the money ques-
ton is dead have given but little heed
to the lessons of experience. 1t can
never die until it shall receive the
righteous solution. If it be true that
our monetary circulation is the life
blood of our commercial system, it
must follow that upon it's wholesome
quantity depends our continued well
fare. Nostrums administered in
time of stress may postpone but cam
not defeat the demand for complete
and thorough renovation of vicious
and destructive policy. The demo-
cratic party will accept nothing short
of this. No substitute for the bin,c-
talic principle upon which substan-
tial and enduring prosperity must de-
pend. Through all yicisitudes of POI
litical fortune the needle of it's COM
pas points to that as the magnetic
star of sound national policy.
The phenomenal increase in the
annual output of gold has materially
added to the general stock of primary
money and relieves some part Of the
stress of contraction which succeeded
the closure of the Indian minis to sill
yer i'll 1898. The consequent improve
ment in business and industrial con-
ditions may be traced directly to this
fact, although the failure of crops in
various portions of the world aud the
waging of great offensive war with
its accompanying expenditure of
treasure have contributed to the gen
eral result. The enlargement of the
sum cf our metallic money has cheap
ened its value, stimulated prices and
set the wheels of enterprise again in
motion.
mo more signal demonstration Of the
bimetallist contention was ever Wit
messed Had the concurrent coinage and
circulation of the two metals been unin-
terrupted they would have kept the
quantity OF our money of redemption in
oar with our s growth
OF wealth and population. The terrible
crises of the past quarter of a century
ruptcy woulG have been avoided and pros
| perity would have remained with u.s. I'M
broken tI and enduring. The false plea of
1875 that the monetary volume was sufti-
for Its needs is now transparent Its
error is admitted. in the boast Of our OPP
ponents that they have increased our per
capita circulation.
The War With Spain.
1.-THE prevailing sentiment of demo-
cratic sympathy for all people struggling
administration two years ago to interfere
with the despotic tyranny of Spain over
CUBA and secured to the oppressed peo-
eminent. Our 4ltimatum delivered, we
solemnly and officially declared them to
pc Tree and independent and disclaimed
20 exercise sovereignty, juridiction or
control over the island except for the
pacification thereof and asserted our de-
termination when that was accomplished
the island to its people.
The conditions of the ensuing war sent
Admiral Dewey to the distant Philippines.
same struggle with the same ase oppress sne
appealed to the same impulses Of our
nature. There he broke the power of
to the liberation Of Cuba and the cession
dained the spirit Of It's manifesto a' Of
have given Cuba the benefit of our civic
institutions, M: !, by governing her through the
baron for the Casti,lian duke and con-
| firmed the Filipino estimate of the white
man by prolonging the Spaniard's
islands of the far-off seas. The national
sympathy for all who seek self-govern-
ment has been made the instrument by
nation in thralldom. The right of pur-
chase Is invoked to justify the adoption