The Farmington times and herald. (Farmington, St. Francois Co., Mo.) 1902-1905, 1904-06-24
Government Poper VS.. Notes
From tho Commoner


Some of the gold bug papers are
disturbed because the Nebraska
platform, recently adopted at Oma
ha, favors government paper is
sued without the intervention of .
national banks" These papers !
declare that this is more populstic !
than the Chicago platform The |
Nebraska plank on the money qucs. |
ton is in line with the historic pol |
icy of the party. The Chicago
platform said:
We therefore denounce the issuance
OF notes intended TO circulate rs money
by national banks ns in dcrogltiun of
the constitution, and we demand that
all paper which is made a legal tent
| for public and private debts, or which is
receivable for dues to the United States,
| and shall be rclcemlhlc IN coin
The Nebraska platform indor-
SEES the Kansas City platform
and the Kansas City platform IN
dorseS the Chicago platform The
Nebraska platform on the question
of paper money is therefore entire.
| ly in harmony with the Kansas
City aud Chicago platforms, and
is also IN harmony with earlier
platforms of the pnrty The Demo
cratic platform OF 1910 said
! ,.p....i..,I sri, ..,.. H.
power to charter United States bank
that wc believe such an institution one
@! deadly hostility to the best interests
ot the country, dangerous 60 nur lrpuh-
hcan institutions, and The liberties ot
the people and calculated TO place III.
business oi the country within the con
troll OF q concentrated money power and
above the law, aud the will Of the pco.
pie"
| The platform was rcrcaiiirmcd in
| 1874, 1915, 1852 and lS5G \
grent many Democrats hive been
deceived by the rcoigani2rrs into
believing that the opposition to the
Kansas City platform was merely
| IN opposition 10 the silver p!nuk
! The fHrt is that the silver plank
while It presented the paramount
issue IN 1896. was only purt Of n
larger issue, namely, the money
question II you ask Il gold hug
| what objection he has to the Kan
sas City platform, be tells YOU TINT
the increased production of gold
has made the free coinage Of silver
unnecessary, yet while giving thu
IeXcusC he Is Just n much against
the grcchHck as h. Is against free
silver Now, the lssu" between
government paper and hank note,
Is not affected 10y the Increased
production OF gold. If the gold
bug insisted that the increased pro.
| ductlon Of gold made the green
back unnecessary, his argument
would at least br consistent with
his argument against silver hu'
the volume of national bank notes
has increased since 1896 so that
| while he is ohJrctlug to the issue
OF government paper h" Is willing
to have more bank notes ISSUED
Al st Louis the gold bugs will
oppose the Kansas city platform
on the ground TINT It brings mp the
the SILVER question, but they will
Toe unwilling to state the party :
position on the question OF green
bucks versus hunk notes tor the
reason that they IRE IN favor of q
bank currency ISSUED 10y TIA" banks
and controlled 10y the hauks, whIi"
the democratic voters prefer tn"
grncnharkS to the bank note. II the
national bank noe lolssucd we must
either have n perpetual debt for u
to rest upon, or We must have some
other basis, aud the other ha~ts is
the asset basis No one who Is ne.
. quantcd with the SItuailuu doubts
for moment that the asSrNt eur
rency Is sure to come II the nation.
nj bank note IS continued. Ihr
Democratic party therefore, must