The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-09-18
II
Mr.. BRYAN ACCEPTS.
THE NOMINATION
CONTINUED from First Page.)


laws: | shall recommend such additional
legislation as may be necessary 10 dls-
solve every private monopoly wnlcn does
business outside Of the State OF It's OIL
gin; and, if contrary to my DelleI and
hope, a constitutional amendment is
found to be necessary. snail recommend I
such an amendment as will, without i'm
nairing any of the existing rights of the |
States, empower Congress to protect the
people of all the States from injury at
the hands of individuals or corporations
engaged in interstate commerce.
The platform accurately describes the
Dingley tariff law when it condemns /
it as a trust breeding measure, skill
fully devised to give to the few favors
which they do not deserve, and to place
upon the many burdens which they should
not bear Under it's operation trusts
can plumber the people of the United
States, while they successfully compete
in foreign markets with manufacturers
of other countries Even those who JUS
tify the general policy of protection will
find il. DIFFICULT to defend tariff which
enables trust to exact an exorbitant
toll from the citizen.
CORPORATIONS IN POLITICS.
The Democratic party makes no war
upon honestly acquired wealth; neither
does it seek to embarrass corporations
engaged in legitimate business, but it
does protest against corporations enter
ing politics, and attempting to assume
control of the instrumentalities of gov
eminent. A corporation is not organized
for political purposes, and should be COM
PEELED to eonfine itself to the business
6ncCpihpd in tci oh
rations, engaged in an honest business,
Will find it to their advantage to aid in
the enactment of such legislation las will
protect them from the undeserved odium
which will be brought upon them by
those corporations which enter the po-
litical arena.
INTERSTATE COMMERCE.
The Republican party has persistently
refused to comply with the urgent re-
quest of the Interstates Commerce Com
mission, for such an enlargement of the
scope of the interstate commerce law as
will enable the Commission to realize
the hopes aroused by it's creation. The
Democratic party is pledged to legisla-
tion which will empower the Commits
sion to protect individuals and commu-
mites from discrimination, and the pub
lie at large from unjust and unfair trans
portation rates.
THE FINANCIAL PLANK.
The platform reiterates the demand
contained in the Chicago platform for
an American financial system made by
the American people for themselves. The
purpose of such system is to restore
and maintain bimetallic level of prices,
adm in order that there may be no I'M
certainty as to the method of restoring
bimetallism, the specific declaration In
favor of free and unlimited coinage at
the existing ratio of 16 to /, Independent
of the action of other nations, is re-
peated. In 1896 the Republican party
recognized the necessity for bimetallism
by pledging the party to an earnest effort
to secure an international agreement for
the free coinage of silver, and the Pres
ideut, Immediately after his Inaugural
tion, by authority of Congress, appointed
a commission composed of distinguished
citizens to visit Europe and solicit for
eign aid. Secretary Hay, in letter
written to Lord Alderman in November,
1898, and afterwards published in Eng
land, declared that at that time the
President and a majority of his Cabinet
still believed in the great desirability
restoration of the double standard, but
that it did not seem opportune to re-
open the negotiations just then. The
financial law enacted less than a year
ago contains a concluding section de-
caring that the measure was not intend
ed to stand in the way of the restora-
tion of bimetallism, whenever it could
be done by cooperation with other ma
tons. The platform submitted to the
last Republican convention with the in
dorsement of the administration again
suggested the possibility of securing for
eign aid in restoring silver.
Now the Republican party, for the first
time, openly abandons its advocacy of
the double standard, and indorses the
monetary system which it has SO often
and so emphatically condemned The
Democratic party, on the contrary, re-
mains the steadfast advocate of the gold
and silver coinage of the constitution,
and is not willing that other nations shall
determine for lis the time and manner
of restoring silver to its ancient place as
a standard money. The ratio of 16 to
is not only the ratio now existing be-
tween all the gold and silver dollars in
circulation in this country. a ratio which
even the Republican administration has
only ratio advocated by those who are
seeking to reopen the minis. Whether
the Senate, now hostile to bimetallism,
can be changed during this campaign or
the campaign of 1902 can only be deter
mined after the votes are counted, but
neither the present nor the future polit
zeal complexion of Congress has prevent
ed or should prevent an announcement
of the party position upon this subject
in unequivocal terms.
The currency bill, which received the
sanction of the Executive and the Re-
publican members of the House and Sen
ate, justifes the warning given by the
Democratic party in 1896. 1t was then
predicted that the Republican party
would attempt to retire the greensbacks,
although the party and its leaders studi-
ously concealed their intentions. That
purpose is now plain and the people must
choose between the retention of the
greenbacks, issued and controlled in vol
ume by the government, and national
bank note currency issued by banks and
controlled in their own interests. If the
national bank notes are to be secured
hv hoodc tba c,,rrancv cvcfpun now cum