The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-25
Harmony binders
and the DisCOrd
They Create
Continued from First Page)

|
the Republican party, whose leauels h9io
all the protectionist Republicans ny
| c1aring the tariff issue to be paramount,
| nullified the wrath of most OF the llee
| silver Republicans by promising inter-
| national bimentallism. and won air the
advocates of the gold standard by re-
vea1ino to them the secret purpose OF
the party to adopt European fnanclal
| system. But even then we Would nave
won but for the fact that borrowers
were coerced and employees fnt1mldated.
THE DEFEAT IN 1900.
"In 1900 the action Of the Republican
| party in turning a war commenced lot
! humanity into war Of conquest COM
| PEELED the consideration of another ques-
| tioI-a question so far-reaching IN us
| consequences that our party rlghttully
declared it to be the paramount issue.
! Without abandoning it's position on the
| tariff question or on the money question
1T again espoused the peoples side or
| great issue. That it did not win that
year was due to conjunction of causes
any one of which would have been in
! sufficient to have accomplished defeat.
! The administration having carried on a
! brief and successful war fell heir to the
; enthusiasm which usually attends a vic
! torious conflict; an unexpected increase
in the supply of new gold and an unex-
pected influx of European gold, due to
/ large crops here and famine abroad,
increased prices, relieved the stress of
/ hard times and gave to the people the
benefits that always flow from a growing
volume of money. While the advantages
| which followed a larger volume of money
| indicated the principle contended for
! by bimetallists they were appropriated
by the party in power, and those who
were influenced by conditions, without at
tempting to realize the conditions, gave
the Republican party credit for an in
| creasing prosperity.
THE protected manufacturers, Of
course, stood by the administration which
had given them a Dingley law Trust
| promoters and trust magnates recog
! nized in the Democratic party an in
veterate foe, and numbering among their
stockholders many of the most influential
! Republicans, threw all their strength
to the Republican party, and by their
support purchased immunity from pun
shment The Republicans were greatly
! aided by another influence, namely, the
influence of the inanciers who not yet
|
willing to risk trusts. imperialism or
! anything else rather than forego the ad-
vantage which they expected from a gold
standard and a bank currency. In spite
Of all these obstacles the campaign of
| 1900 only showed a net change of $780,
600 votes in favor of the Republicans
out of total vote of over thirteen mil
| lions. And what is the situation today?
| Since the election of 1900, imperialism
/ is more openly avowed and imperialistic
| methods more boldly entered upon be-
| cause the administration can point to
| that election as an apparent indorse-
| ment. although the party leaders at that
| time vehemently denied imperialistic in
| tent. Those who expect to make a
profit out Of a colonial system favor it
| on the ground that it will pay; those
| pines to PROSECUTING insist that it is prov
| pines to proselying insist that it is provi-
| idential, while those who are simply
seeking some reason for supporting their
! party's policy fall back upon the doctrine
| that circumstances got us into the trouble
and that we must stay in until circum-
stances get us out.
| TOYING WITH THE TRUSTS.
''Since the election of 1900 the trusts
| have grown and f1ourished under the Re-
| publican administration, as might have
been expected. Almost two years have
| elapsed since the last Presidential cleo
ton, and no legislative attempts have
been made to interfere with them, and
the executive efforts, instead of being
directed toward the enforcement of
criminal statutes, are confined to the
| equity side of the court and these efforts
have not in the least retarded the forma-
| ton of new combines.
"Since the election, the financiers are
seeking<to carry their advantage a little
farther ard are planning an asset cur
rency, a system of branch banks and
the redemption of the silver dollar.
Recognizing the enormous iniquity of the
bill they did not dare press it during
the campaign, but having secured a ia
vorablereport in the House, postponed
| it's consideration until December.
Since the election, a Republican Con-
gress has turned deaf ear to the
laborer's cry for relief from government
| by injunction; and Republican Senate
has refused to grant the demand of the
people for the election of United States
Senator'S by direct vote.
| And all the while an exorbitant tariff
| is working injustice to the consumers
| and enabling the beneficiaries of pro-
| lection to sell at home at high price
and compete in foreign markets at
| lower price.
| while the exploiters have been press
| ing their advantages at home and abroad
/ the interests of the producers of wealth
| on the farm, in the factory and in the
J mines have been utterly ignored. and
| the small business man has been left to
such precarious existence as the trusts
permit him to enjoy.
UNITE IN THE PEOPLES DEFENSE.
| How can the opponents of aristocracy
and plutocracy be united for a success
| full attack upon entrenched privilege?
Not by making peace with the enemy;
| not by initiating their work their meth
| DDS or their phraseology, but by honest,
| straight forward appeal to the Ameri-
| can people upon a platform that can be
understood and with an organization that
can be trusted. Already many of the
| Republicans are wavering, but they can