Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1904-07-15
The Democratic Party Need
IessIy Inundated.

The American, Immediately upon
Judge Parker's nomination, gave him
its promise of loyal support and in
doing SO urged him on his own and
his party's behalf to get rid of Mr..
August Belmont and to separate his
candidacy from all that Belmont and
his sort imply in our politics. The
first fruit of the Belmont influence
was gathered on the last night of the
conventions sitting, when the
Sheehan telegram was received and
read. Judge Parker is being praised
for the courage he displayed in hold
ing up the convention after it had
made him it's nominee. 1t is to be
wished that prior to the nomination
he had had the courage to express his
opinion on the financial or any other
question. 1t is to be wished for the
party s sake that the influences typi-
fed by Mr.. August Belmont had not
been the moving cause of the candi-
dates belated frankness. The conyen-
tion was properly punished for taking
any man wholly on trust when it was
its duty to inform itself of his vie WIS.
And it was properly punished, too, for
its cowardice in emitting a money
plank from the platform.
The plank drafted by the subcom-
mtttee and subsequently dropped
read as follows: ''The discoveries of
gold within the last few years and
great increase in the production there
of adding $4,000, 900, 900 to the world s
supply, Of which s70O,0oO,00O falls to
the share Of the United States, have
contributed to the maintenance of
money standard Of value no longer
open to question, removing that issue
from the field OF political contention. !"
That was simply statement of
fact and could with justice and pro-
priety have been made his own by
Judge Parker in his letter OF accept
ance, had he been content for the
party's sake to choose more appro.
PIRATE occasion for revealing his views.
The new gold supply by broadening
the metallic base Of our currency has,
Units effects, Justified the cumulative
theory of money on which the demand
for the Stree coinage of silver was
founded and, further, the votes of the
American people have taken the
issue" from ''the field Of political con-
tention.n
The convention would have shown
good sense had it acknowledged an
obvious situation. The ''silver
question" is dead and everybody
knows it quite as we'll as does Judge
Parker. Practically, therefore, his
sensational advocacy Of the gold
standard is not important, SO far as
the country 3 financial policy is con-
cerned. Were he silver man and in
the Presidents chair he could do
nothing to disturb The gold standard.
he would have to face a hostile Senate.
1t was the manner and the circum-
stances OF the declaration which will
be criticised.
The Democratic candidate for Presi-
dent, unhappily, will be accused of
having acted inpursuance of a bargain
made with Wall street by August
Belmont. 1t will be said that Bel
mont engaged to secure the insertion
OF q gold plank in the platform, and
that when he and his co-workers failed
IN this Judge Parker was besought to
DO the next best thing and personally
pledged himself. The silence of the
platform on the monetary standard
Was NOT THE ONLY OMISSION
OF moment. The income tax plank
proposed in committee was likewise
rejected. Judge Parker could have
met In advance the insinuations that
he is too friendly to the "money
power" had he accompanied his gold
telegram with plea for the income
tax. Had such a plank been pre-
scented to the convention who can
doubt that it would have been adopt
ed with enthusiasm?
There is no tax more lust since 1T |
falls upon those best able to bear the
burden Of supporting the government,
they who receive from the govern
ment the most protection. The Su-
preme Court in reversing itself and
deciding against the constitutionality
Of this tax limited the power of Con-
gress in way which must prove
troublesome should we ever be en-
gagged In q long and costly war that
would strain the national resources.
The war between the states did that,
md we then were permitted to resort
o an income tax. The demand for a
constitutional amendment that shall
tvs the government power 70 tar ths