La Junta tribune., 1900-10-17
TRUST RECORDOF DEMOCRATS
HOW THE DEMOCRATIC NATIONAL
CHAIRMAN TRIED TO HELP THE SUGAR TRUST
Every Line Of Leasl.on Va Paced There by the Republicans
and the Demeersb Veed Against Censdtsdonal Amend
ment to Regul.Ae Then Only Four Months Ago

the free coinage Of both gold and sil-
yer, but also by demanding that paper
money should be redeemable In coin.
At the hrst opportunity thereafter for
q practical exposition OF It's views, the
Democratic minority in Congres& when
provision was being made for the ex-
penses Of the Spanish war, favored the
dilution of our currency by the issue
OF $50 million dollars of government
paper. with no provision for coin re-
serve to support such issue. In the ma
tional platform OF 1900. the Democratic
party demands the retirement OF ma
tionAl bank notes (which are not legal
tender and are by law redeemable In
lawful money. ''as fast NJ the govern
ment paper and silver certificates can
be substituted. for them" Nothing Is
government paper" Mr.. Bryan, In his
speech at Topeka accepting the POpu-
list nominatio for the presidency, said:
''It IL true that the Populists believe in
an irredeemable greenback. while the
Democrats believe In a greenback re-
deemable In colin" But the lntest con-
gresslonal votes. and the national plat
form of the Democratic party, show an
acceptance by that party Of the Popu-
lists views on money; and, In any
event, we find Mr.. Bryan taking the
leadership OF the Populist party. In the
very moment that he boldly states the
belief Of that party In an irredeemable
greenback.
The fundamental Idea OF bimetallism
rests on the use OF the two metals as
the standard money Of the country.
The true interests OF silver producers
require an Increased demand for silver.
for monetary uses. Nothing can be
more hostile to those interests than the
Populist doctrine that favors an ire
deemable paper money.
Whatever may be the real Democrat
ic view as to the use OF paper money,
and OF its redeemability. the potentia!
law-making force In the Democratic
party. in the event OF Its success, 10
opposed to the free coinage Of silver.
1t IL fact familiar to nil that the COM
mittee ON resolutions at the recent
Kansas City convention was made mp
OF one representative from each state
and territory; and In that committee
the vote of Hawaii was as potential as
that or the state Of New York. The
resolution In favor of free coinage was
carried By q reported majority Of two,
and the votes OF the several territories
were cast In the Affirmative. But neith-
ef Hawaii, Arizona, Ainska, nor any:
other territofy has any voice In the
1nakine Of laND; while the state Of New
York alone czgts "a votes In the lower
house Of Congress. An analysis Of the
vote In the committee ON resolutions
shows that th0ee states whose repre-
sentatives voted against the free silver
plank control 323 votes In the two
houses Of Congress: while those whose
representatives voted In favor Of free
silver control only 124 votes In the law
making body. Such eminent Democrats
as David b. Hill, Richard Croker,
Bourke Cochran and Richard Olney.
and hosts of others, are avowed oppo-
nents OF free coinage; and they sup
port Mr.. Bryan only because they think
he will be powerless to do harm. under
existing laws protecting the gold stand
ard. Mr. Carl Schurz contends that II
Republican legislation hns not already
erected an inipassabIe barrier against
dangerous action by Mr.. Bryan, 1t can
yet make that barrier insuperable and
lmpregnable before the 4th Of next
March, and that Mr.. Bryan need not
be feared, for the simple reason that he
will be powerless. In this line Of argu-
ment the Colorado advocate Of the free
coinage OF silver can fnd little hope
Of its accomplishment through Demo-
cratic success at the polls.
But It Is said that without congress
sional action Mr.. Bryan, ms the execu-
tive, could, under existing laws, reverse
the policy of his predecessors, Demo-
cratic and Republican, and could pay
the interest on n large part Of the ma
tional debt. and portion of the prin-
clpal, In silver, and could also pay In
oliver the current expenses OF the gov
eminent. He could lawfully do this
only % long A. the parity between sill
yer and gold money was unaffected. II
the process resulted in the breaking Of
that parity, the existing law and his
sworn duty Of obedience to It would
compel the exercise OF his option In
such manner as to restore and main
tain that parity. II he should ignore
this requirement to maintain the parity
OF our different forms Of money, still.
what eject has this action upon bimet-
alllsm or the free coinage Of silver?
Without afismntive Iegislation the
president cannot open the mints to sil-
yer, nor can he increase the purchase
or coinage Of silver. The argument
means only that he would have the
power OF disturbance, without the pow
er Of ame1iofatiOn. He could tear
down, but he could not build MP. He
could create coneternation and panic In
business centers, but be couid not In
crease the quantity Of money or ad-
vance one whit the opening OF the
mints to aIlver. This q not m argu-
Hbent that appsals to sober bimetaltists.
Sons " uswho believe In the great
vAlue ana Importance Of generaI b.
tscught that, under the con-
dition1 existin9 n 1Hp6 that result
oeuId bet ~ atfained through indie
p6n6ent aEt5oa ~ the United Gfates,
and ~ tha lmzne edtnte opening Of our
u1fnfe to III Efeo oo1fnSo oe both ailyef
ane !. ~: q - Sstsbiishsd fstio e le