The Globe-republican., 1904-07-14
Declares For Gold.

| DVSidVCo tut NuIu'
The subcommittee Of the commit
tee on resolutions spent the entire
day, until o'clock, in perfecting the
details of the Democratic platform,
concluding at that hour with the
adoption of gold standard plank.
The plank was voted on during the
absence of Mr.. Bryan and Congress-
man Williams, and the ballot stood
seven to three, the affirmative votes
being cast by Messrs. Daniel, Hill,
Pattison, Hamlin, Cable, Poe and
Davis, and the negative votes by
Messrs. Dubois, Shively and New
lands.
The understanding was that, If
Messrs. Bryan and Williams had been
present, they would have cast their
votes in the negative, thus bringing
the opposition vote to five.
The discoveries of gold within the
past few years, and the great in
crease in the production thereof, add
ing s2O0,OO0,OOO to the worlds sup
ply Of which $70,O0o,OOO falls to
the share Of the United States, has
contributed to the maintenance off
money standard of value, no longer
open to question, removing that issue
from the field Of political contention.
Our party having long earnestly ad-
vocated the construction of inter
oceanic canal for the purpose of ma
tional defense and commerce between
the states and with foreign nations,
we favor the early completion of the
isthmian canal.
But while making this declaration
and accepting the results as an &C.
complished and irreyersible fact, we
cannot too forcibly express our dis
approval Of the methods by which,
in disregard of the usages and obliga-
tlons of international law and treaty
obligations, the canal route has been
acquired, or too solemnly record our
hope that this precedent Of defiant
diplomacy may never be used against
lis to our humiliation and injury.
We recognize that the gigantic
trusts and combinations designed to
enable capital to secure more than its
just share Of the joint product of cap.
ital and labor, and which have been
fostered and promoted under repub.
lican rule are a menace to beneficial
competition and an obstacle to per.
manent business prosperity.
We demand the vigorous and impair
tial enforcement Of the laws already
made to prevent and control such
trusts and combinations, and we favor
such further legislation in restrain
thereof as experience shows to be
necessary.
Corporations chartered by author
ity Of the people must remain sub
ject to regulation in the interest of
the people.
A private monopoly is indefensible
and intolerable. We recognize the
right Of capital in all legitimate lines
OF enterprise to combine for the in
crease Of business, for charging pro-
ductive capacity and for decreasing
the cost of production; but when
such combination in its purpose, or
effect, creates or tends to create a
monopoly in its production, to re-
strain trade, or to stife competition;
to increase cost to the consumer, or
to control the market it violates the
spirit of our laws, becomes inimical
to public welfare and peace and
should be so regulated, controlled or
prohibited by law as to amply pro-
tect the public interests.
We demand that the restraint of
such illegal combinations be intrust-
ed to the Democratic party, which is
not responsible for their existence,
and which has ever protested against
their continuance.
We condemn the republican sys-
TEN of legislation under which trust
monopolies are enabled to exact high
er prices for their manufactured pro-
ducts from our own people than they
sell them for abroad
We demand an enlargement of the
powers of the interstate commerce
commission, to the end that the tray
cling public and shippers of this coun-
try may have prompt and adequate
relief for the abuses they are subject
ed to in the matter of transportation.
We favor the enactment and ad-
ministration of laws giving labor and
capital impartially their just rights.
Capital and labor ought not to be
enemies. Each is necessary to the
other. Each has its rights, but the
rights Of labor are certainly no less
vested" no less sacred and no
less "inalienable" than the rights of
capital.
We pledge ourselves to insist upon
the just and lawful protection Of our
citizens at home and abroad, and to
use all proper measures to secure for
them, whether native-born Or natural
lied, and without distinction of race
Or creed, the actual protection Of law
and the enjoyment of all rights and
privileges open to them under the
covenants of our treaties of friend
ship and commerce, and Il under ex-
listing treaties the right Of travel and |
sojourn is denied to American citi,
,o,o ou ro,oppi4;o, 4, r,;tbhojd f,o,, |