The Caucasian. (Clinton, N.C.) 188?-1913, 1904-10-13
Mr.. WATSON WRITES
Letter aeesPlias pepulist Soninaiisa
Made Pubic
SCORES BOTH 0IaIR CAN.l1AIIS
PopuIist Nominee Declares That he
Oesotss Most Of His Fire 10 Parker
AZ an Arsful Docser. since Rocse-
veH Stands Boldly Out in the Open.

AZ an Arsful Dooser. since Rcose-
vel. Stands Boldly Out in the Open.
The letter OF lion. Thomas E. Wat
SCI accepting the populist nominal ION
for the presidency Is in substance as
follows:
TO Hon Samuel W. Williams. Chair
man Committee On Notification:
What two great political par; e.
have. in turn. governed q country. and
nave, between them, brought unsalis-
factory conditions, it Is but = na.u.a al
fact that a third party should arise.
Citizens who have looked in vain 10
"the two great parties Tor remedial
legislation lose confidence in both after
while. and adopt one OF two courses:
They either submit TO the evils of bad
government. or protest by organizing
third party.
ITO the student OF history. there is
nothing more saddening than the ten
dency OF the people to submit. AS
rule, political education never reaches
the masses. State-craft, like priest
craft. jealously guards it's secrets
There is always the inner sanctuary.
which the people are taught to believe
would be profaned by the touch of
their unholy feet
Mr.. Watson then takes a fall out OF
the ruling classes in England. Ger
many, Italy, Egypt and India, and con
tinues:
How is it in our own land? God
never made a grander home for his
children than that which the Cavalier
IF Virginia, the Dutchman in New
York, and the Puritan in Massachusetts
sought as a refuge from the systems
Of the old world. In natural advantages
this earth holds no reign superior 10
ours. Once it belonged to the people.
With his gun, the common man won
it mile by mile from the Indian, the
Frenchman, the Saxon, and the Span
lard. What the common man did not
win with his gun, he bought with his
money. From sea to sea, the land which
IS ours became ours because the com
mon man was ready to pay for it with
his tax money or his blood.
What has become of it? With bewil
dering rapidity, it has been taken from
the common people and given to the
corporations 1t belonged to the govern
ment. to all the people. 1t was meant to
supply homes to individual citizens.
and there was enough of it 10 last for
many generations. To the extent OF
about zoo, 900 900 acres. it has been
given to railroad corporations; and
now. when common man wants q
home in all that vast domain, he must
60 to the railroad corporations to get
it,"
THE GOLD STANDARD.
Once upon a time we had a finan-
cial system of our own. Placed in the
constitution as part of our fundamental
law, it seemed 10 be firmly fixed. For
hundred years this money system was
in operation among us. Therefore, 1t
sae,red to be 'irrevooably fixed Very
wise men created this system Of ma
tional finance 1t was the one subject
upon which Thomas Jefferson and Al
exander Hamilton agreed. Those two
were. perhaps. the greatest statesmen
this country ever produced. So pre-en-
i1ent were they above all others. that
they divided the PEOPLE into two dis
tinct schools Of political thought. But,
I,nCn the vita! subject Of finance. these
r,aster-minds reached the same con-
clusion: and that conclusion became a
port of the constitution.
TO establish the single gold stan
al h sti nj
the statue had to be violated. Tie word
coin had to be constructed to mean
.gold only and the paper note, issued
on silver. hal to be redeemed in man
ner different from that prescribed by
law
There are at least five reasons why
cred as fixed:
"l) 1t is unconstitutional.
.(2) It violates statute law.
"(3) The supply of gold might m
crease beyond ali the circulatio1s OF
the money power. Thus, the standard
Of value would get beyond their con-
troll. In that event, the money power
itself would change the standard.
20 The sapply of gold might sud
denly cease. In thai event, contraction
=
trv's expansion in business and In
crease in population required con-
stantly increasing uIaticn Of currency.
If the horrors OF contraction should
again come upon rs by the selfish pol
icy of the money power. the people
would compel a change in the standard.
Wall street gave us the panic OF 1s.3;
Wall street gave Is the panic Of 1888.
S1d
nay find tha: it has given us
one too many. Tire American people
have about reached the limit Of endu-
rance.
I'VE have heard much OF .constitu-
tionaiism in this campaign. The sin
eerity of the crime is known by the fact
that the gold standard. which violates
tie statute law and the constitution. is
rot only supported by Theodore Roose-
.elt, the emperialist. but by Alton B.
Parker, the chosen apostle OF constitu-
tionalism.
"(5) The gold standard il not .irrey-
ccable fixed because it IL unscienhne
and wrong. Nothing Is more certain
than that the people Of this country
will continue their struggle until they
have a national currency, which the
money power cannot control, and which
answers the purpose OF perfecting ex-
changes without becoming an armory,
from which the Buccaneers OF modern
finance draw the irresistible weapons
with which they attack values and raid
the markets.
..One of the worst features OF our
financial system in the farming out to
CONTINUED on Page Three.)