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tnp l / a to ■i t tl jpi v/ltphtt1^in 11c jcxl vjlllld u cxl^lllildll salisbury n c thursday july 24 1890 vol xxi.-thied series no 40 l w wright the leading furniture dealer and undertaker in salisbury [„ uflerinjr tlio largest and best assorted stock of furni ture ever br night to this plaee o o y/j parlor suits v j parlor suits r > m y mohair crush plush at 00.00 porn or ■*** priee 75.00 l \ silk plush at 50.00 former price i h 00.00 i ■— wool plush at 35.00 former price v '/" 45,00 \^ j * r -, bed ik him suits •— ' bed room suits \—^ mm antique oak antique ashe cherrj and k mmam walnut at prices that defy competition p^^i t a large stock a large stock — « ■— ■of chairs safes mattresses of all kinds l_j t t siuing b.ils work tables for ladies t j pictures ami pit ure frames uf every sule t 1 and quality always in stock or will be i ■made to order on short notice at reason v j -^ able prie s r = = er baby carriages ' 1-i-j /*■v baby carriages a large stock of bal.y carriages with hth wire u in i is at 7.50 __, silk plush seat and satin parasol car (""^ riages with wire wheels at only 10.50 . ■■" " formerly sold for 22 50 tj ww ■. _ w \^ l'ndertaking department cj undertaking department i , sptcial attention given 1 undertaking k^lj j 1 in ail its branches at all hours day and i m j night i pai tics wishing my services at night will 7 call at my residence on bank street in j ■brooklyn h™h thanking my li hauls and the public \ generally for past patronage and asking a m s / continuance of the same i am m yours anxious to olease • — • g w wright leading furniture dealer ' il a father time 1 says our *| ' i * watch club is the best plan j * l * out for you to get a good s watch diamond king ear rings silverware or any num her of articles valued at 30 j # in our line we need two jla * i more to complete our first club # of 25 names when it is com | i pletc we will at once begin to # /" form another * x^_y call and see the goods we * y offer and learn the plan > * i j very truly w h reisner & bro j u leading jewelers * y mr henderson to mr holman the farmers alliance demands our congressman does not sign j them he has been working all the time n their direction the history of the democratic party j invoked to show that it is the con sistent friend of till farmers mk henderson cannot support the | sub-treasury plan and why washington july 14 1890 john 11 ttolman esq president ir county farmers alliance my dear sir — 1 have the honor to | acknowledge the receipt of your letter of the 21st ult t would have replied to it immediately if duties in congres of extreme urgency had not constantly demanded my earnest and nnd'videi attention besides i wished to gi yonr letter the most thoughtful coi sideration i did not wish to speak hastily or unadvisedly in a time o great puhlic peril like the present felt that i needed to weigh my word lest in the hurry of the moment 1 might say something calculated to cause division among our people when it was my duty to do everything 1 could t unite them what i witness in the halls of congress every day thoroughly convinces me that mile the patriotic and good men of tl south will stand together in an tii broken phalanx to resist the assaults their enemies and to defend the li erties and honor of the southern p pie it will be but a short time befo the same tyrannical and corrupt pari which cursed the southern people the days of reconstruction will agn put the yoke upon our necks the ca pet-bag governments were forced up the southern slates by federal bay nets but the new reconstruction whit is now threatened will be the inevitab result of unhappy divisions among o own people 1 cannot sign my name to the raid of demands which you sent me and i don't suppose that vou would wish in 1 i to do so hut in response to the inqni i ries contained in your letter i will say that upon every subject relating to puh lic matters connected with my duty and conduct as representative of the people i am ready at all times to give everv one of my constituents that asketii me the reason of the failh and hope that is in me in this letter i shall speak unreservedly my record in congress furnishes the best evidence of mv position upon nearly every question embraced in the resolutions or demands of the national farmers alliance and industrial union which you have sent to me for my considera tion 1 the resolution in reference to na tional banks is substantially an embod iment of democratic doctrine these institutions were established against i lie votes and remonstrances of the demo cracy the democratic party has nev ■; favored them you will search in vain for any endorsement of national banks iu the historic platforms and utterances of the democratic party one of the demands in democratic national plat form adopted in the year 1852 was expressed in the following true and prophetic words that congnss has no right to es tablish a national bank that we be lieve such an institution one of deadly hostility to the besl interests of the country dangerous to our republican institutions and the liberties of the people and calculated lo place the busi ness of the country within the control of a concentrated money power and above the laws and will of the ] pie the voles which i have given in congress have been in accordance with these ideas i have opp sed extending ihe privileges of he national hanks and i favor their abolition as soon as it can be done without injury to the pe >- pie | am opposed to the discrimina tion which exists in favor of i lie nation al banks over state banks ami i have introduced in this and the preceding congress a bill for the repeal of the tax of 10 per cent on the circulal ion of the state hanks this tax when first im posed drove out of existence in an in credibly short period of time every state bank of circulation in ihe united eral government was unjustly used to destroy state hanking associations and lo promote the wealth and prosperity of the banks created by the federal government if this tax could lie re pealed thi several stale of the union could supplement ihe currency n w in circulation thr mgh the medium of state hanks of issue and such m mey as a home currency would he a great convenience to the people i uis mon ey would remain in tiie states and would not how to i lie money centres there to he hoarded expanded or traded by the money power no good reason can now lie given whycurrein y no'es should he received and issued by i national hanks on hand of the gov ernment deposited in the united states treasury this system was devised during i he war to build up the of the government hut ir i no i mg r needed and ought to be abolished r j he retirement of tic national hank i ur rency which is constantly going on i productive of great injury to th p >- pie the contraction of this currency the bankers works greal hardship to the people this is till wrong vox every dollar of such currency hereto fore or hereafter redeemed or destroyed i a new legal tender treasury note should ie issued by the government in it dace the comptroller of the cur ency in his report to the fifty-firs longress rlatetl december 2 1889 say that notwithstanding the accessioi if new bunks to the system and th consequent deposit of bonds and issu if notes the outstanding circultioi steadily decreases from year to yeai the chief cause being the surrender o jirculatron by banks desiring to reduce | md regain possession of their bonds ' no wonder the people complain of a scarcity of money when 185,812,988 of national bank notes were retired during the six years ending oct 31 1889 the annual average rate of de crease in the circulation being 30 the national bank currency in ac tual circulation oct 31 1883 was 310,02 32g while the amount hal de creased to 130,2 17,325 on october 31 ] 1889 for the year ending oct 31 1885 the actual decrease was 50,093 553 and for the succeeding year the decrease was 50,495,539 a banking j system so unjust to the people should be abolished and a better system estab lished in its place it must be remem bered however that the charters of the banks were extended for a period of twenty years an july 12 1882 by a republican congress against the re monstrance of the democratic party so that it will not be possible in my opinion to get rid of the system imme diately hut if congress would stop the contraction now going on by issuing legal tender treasury notes in lieu of the hank notes which have gone and are continually going out of circula tion and will al.-o repeal the tax on the circulation of slate hanks the linancial stringency would he vastly relieved it being conceded that the federal government has the power to establish and issue money for the peo ple and the legal tender treasury note having become the fixed currency of the united states equal in value to gold and silver coin 1 believe that whenever there is a scarcity of currency it is the duty of the government to issue as large an amount of legal tender treasury notes to supply the demand as the business mjeds of the coun try require and 1 believe that as the population and the business of the country increase there should be a pro portionate expansion of the currency 2 i favor the passage by congress of such laws as will effectually prevail future speculation and dealings in agri cultural and mechanical productions bui it will ha necessary for the several states to act in this matter the'juris diction of congress over this subject is mainly through the taxing powers con ferred upon it by the constitution the liutlerworih bill pending in the house if favorably acted on by congress will it is hoped go very far to extirpate this system of speculative gambling so in jur ins io the agricultural interests 3 1 am strongly in favor of the i'wr and unlimited coinage of silver every effort h s been made by the democrats in congress to secure the enactment of legislation which will restore silver eoin to its rightful constitutional posi tion as the equal of gold all the pow er of the speaker of the house and al the machinery of tin republican party caucus has been used to defeat the prop osil mil and to substitute for free coinage a measure which demonetizes silver silver coinage will soon be permanently suspended under lie operation of such a law and the secretary of the treasury also has the power to expand or con tract the currency at his pleasure within the limits of the law there will he no real expansion however for if 4,500,000 is issued monthly as contemplated that amount need not bean actual addition in the volume of the currency and will ia hi sufficient to supply th business needs of tie country and the probabili ty is that the hill as passe 1 will not only j not add to ihe volume of the currency as , much new money as the llland silver act of 1878 has done and is doing bit j will cause a permanent and dangerous j contraction the llland act if it had ' been executed according to its spirits svoul i haw saved the country from ] som ■if the linancial penis it is _ now passing through the actual coinage under thai act has been about 31,000 000 per annum or more than 300 000.000 in all since the passage of the • iiits could have been coined and added to the supply of money in the ■country if those who administered the i 1 have always been opposed to the 1 alien ownership of lands in the i nitetl ;;][ uiv personal and political influence within the territories ami the district ' i ; tiii session from the judiciary com mittee of which f am a uu mber py - ; ,,,,.,,,_, to prohibit aliens from acquiring ! ! title to or owning lands ni the i nited 1 i states ii r 63 report no 2388 the bill declares all foreign born per sons wh.o have not been naturalized in capable of acquiring title to lands any where within the united states except a leasehold for not exceeding live year it also contains a provision that all lands now owned or hereafter acquired by aliens who fail for ten years to become citizens of the united state shall be subject to forfeiture to the united states according to the j rules of the common law if this bill becomes a law the evil of alien owner ship of html in this country will be end j ed i am in favor of legislation for the 1 reclamation of lauds now held by cor j porations and syndicates alien and do mestic and since i have been in con gress the democratic party has been instru men tail in restoring to the pul lic domain more than 1000,000,000 acres of valuable lands the demo cratic party in congress has been a unit in favor of every useful measure of this sort the following plank in democratic national platform of 18s4 will show where the democratic party stands on this question we believe that public land ought as far as possible to be kept as homesteads for actual settlers that all unearned lauds heretofore intprovidently granted to rail raad corporations by the action of the republican party should be re stored to the public domain and that no more grants of land shall be made to corporations or be allowed to fall into the ownership of alien absentees 5 the resolution in regard to the doctrine of equal rights to all and special privileges to none is a part of the ancient democratic creed the | proposition is thus stated in the demo cratic national platform of the year all taxation shall be limited to the requirements of economical govern federal taxation shall be exclusively for public purposes and shall not ex ceed the needs of the government eco nomically administered * * * * eminent in its dealings with the people to mete out equal and exact justice to all citizens * * *'" 1 believe that all unnecessary taxa tion is unjust taxation and that taxes not need d by tin government wheth er federal state county or municipal should not he collected front the peo ple bill should be left in thepoeketsof tin people outside of the protected classes no citizjn and certainly no tiller of tin soil gains any advantage from unjust and excessive taxation by the favoritism of an unequal sys tem of taxation the cost of the neces saries of life is certainly increased to all tin pe'-ple good government and a happy and contented condition of society can onlv he maintained iu any country by guaranteeing equal laws and equal privileges lo all classes and to all men with specials favors to none and this has been the vital ami saving principle id the democratic party from the declaration id independence until this very hour i do not believe that any oysteni of taxation or revenue should he tolerated which is calculated to build u]i one interest or class or bus iness at the expense of another in he language of mr justice miller in the opinion delivered by the supreme court of the juiced slates in the case ofl mil assoaiaioii vs topekai believe that i'n lav with one hand the power of the government on the property of the citizen and with the other to be stow it upon favored individuals to aid private enterprises and build up private fortunes is none the less a rob bery because it is done under the forms of law and is c.lled taxation this is no legislation it is a decree under legislative forms nor is it taxation " * * * we have established we think beyond cavil that there can he no lawful tax which is not laid for a public purpose the great merit of our constitute and system of government is that t rights of the persons and the proper of all the citizens are entitled to tl protect ion of equal laws such la are the best guarantees of the peaic happiness and liberty of the peopl every citizen of the state no matt what his business may be whether minister of tin gospel a farmer la yet doctor merchant mechanic or 1 j rer should have the same treatme the state the laws of the am trv shouh apply to one and all o l a equally and as fairly as t ii-jit from heaven shines upon eye num tln-re should he no descrimin tion in favor of one class or one ma ii another la or another ma and of all men it is specially the \ teres of thai fairmers to guard this iii principle of liberty and justice 3 fractional paper cunency is greait y needed by the people to facilitate the transmission of sums through the united state mails there are two pending in the house having i objeel in view one introduced by mr mansur of missouri and the other by mr anderson of kaii-a for some p|icaiblc reaison the committee u jind corn mv are mil a .. measure which 1 approve ural financial reform is imperatively a uol a theory of finances which iv need and must have a si i money aibundant enough to do the i a ai of the country and the up dy should increase with the increase if population and business 1 think hat the amount in circulation can be erv greatly increased without endan gering the business i u crests of the ountry or causing any depreciation n the value of the currency ami 1 hink the volume should be increased mtil the supply of money is equal to he demand for it something is radi cally wrong now ami nobody can leny it \ ast masses of currency are ying in the banks of the great cities in used and inactive notwithstanding he fact that there is a real scan dmost a famine of money among the misses of the people everywhere ii annot better express rny own ideas tpon the money question than by in lorsing the following extracts from samuel 1 tilden's letter of acceptance . lated july 31 1870 in response to the ei i del that had been iu ink to him of the democratic nomination for the presi leucy mr.tildcn was one of the wis si lien this country had ever produced ind if he had not been unjustly de ie high office to which he . i think he would have ' iccessfully with the great f financial reform mr : lend government * * * umed to monopolize the urrency and enacted ex 1 gainst everybody else i ! irnish all which the want require * * * the uld allow the volume of cir edits to ebb and flow ac the ever changing wants i s it should imitate possible the natural laws of ■h it lias superceded by ar trivances * * * the f necessary currency at a i cannot be determined arbi l should not he assumed mi that amount is subj ct to uieiit ami temporary cluing t varies with certain states of | it fluctuates with consider trity at different season - in autumn for instance irs of grain and other agri iro.lucts begin their opera need t i borrow capital on ; credits by which to make ases and want these funds v capable of being distributed mis among numerous sellers ional need of currency at ;." is obvious • ud as a uepresentative is stood by the people of north i have nevi r given a vote j ss for any im lvase of taxa 1 have never failed when i p irtunit v to vote for a reduc iation there would be no i irehoascs for whiskey if leg oposed by me in three sev vsses had been favorably ac for the past twelve years a and as a representative in i have spoken writtten and ith all my powers and ener vor of the repeal of the whole venue system and every part aje thereof i believe with son that such a system is an " one and i have done all nan could do to relieve the mi its cruel tyrannous ex d oppression every day - ■in public life impresses up re and more i he absolute ne ■economy in the administra ry department of the govern it state and bedrid it is ne duty of i longress and cf d state legislal ure to avoid tgalice and favoritism iu leg id to put an end to all partial t legislation towards classes duals and in this direction i all in my power to secure a id reform of the iniquil of the country these laws y enriclud one section ai.d | n i m ide another se t on and classes pour ub-trea-ury bill numbered i trod need in the senate by don vance iu its present never pa congress and un nproved by amendments no support it but i am not i the principle and purpi - - is ure it may not be mi ni to say that the bill as i in many respects d es the approval of its frami / admits that the bill can ress in it present form and mendment in many impor ailars the bill make pro i il y ige of c il ton ti corn and oat onhj while i by it authors that the involved wiil justly demand ' i,.u for all product of labor ) icune « ho is the ablest ex f the bill and who is t miliar with its provisio in his sp h before the ri uitl u:i agriculture i of grain and cotton in ann i by the prices at livery i i . holding uf the crops in w the united states will ike prices any higher ll fact too that iimf-i tie | th bill a intro luted u<»l j .■comities in he aid disl net would !)•• •• i su b-trva.su ry building or e for ii e inuol be - i '•' ii i i erage gross imounl it corn oat and tobai i i pro , i m any county o ar the la t two years e .•■■•.••!• ijl hve hundred thous md dol lars per annum at current price and this is true of a large in tjority u the counties in the united state merely mention these difficulties bu not in any content ious spirit i ! obvious however that they will in insuperable obstacles to the adoption of the bill iu its present form it cannot fail to be noticed that the ar ticles which the bill proposes to pro tect against low prices are limited to five products while there are man other article which will equally de id the same proti c ion such an ey bin kwlu at lye hay ii i-h | i - ps hops grapes butter cheese fi other agricultural and horticultur oducts aggregating even a greahi e than those named in the bill hay crop for instance is of gi due than the cotton crop it may istly aid id several of these ;. that it would he utterly impracti e to store them in warehouses for any length of time ll it the are sill subject to ll in mil it i in pi md their owners will not willinj nt to see the products of other tries protected and favored while i are deprived of similar pr tion they would contend that their icts should be protei ted by bona r that they should otherw i 1 1 lerated i'm - th discrimination 4 them m th whole category nl inanufac aaticles iu spite of tariff protec dieii became depreciab il in value heir owners will demand tha articles hall also he stored in ■_ nt warehouses w it h an tulvanci per cent of their value tin would he that in i\f ca he ut icles deposited in the ware would he left in the hands ol tl anient in the midst id a gluttei cclining market e counties which produce annual s than half a million dollars wortl ricultural products will dem tie that limitation he stricken inn hill ami that every countn her engaged in the production o staple crops or otherwise b lv cared for it will nut he p wei i heir complaint - againsl th the 90 c unities in north < ' irolin iltnii and tobacco crops are t h ones which would enable any o to take advantage id he hill am • were as shown by i in census o . cully fifteen that under any ci tame could claim warehouses e were twelve counties which pi 1 above 10,000 hales of cott ; and at 50 per hale they won i the benefits of th hill the ties were anson kdgeconil kliu halifax johnstown mec argh nash northampton i'i richmond wake and wilson am ie only three tobacco count i rani of pi ices fur tobaec 1 have claimed th right ir products m warehousi ere caswell granville am nun the other s l counl iffering more perhap -. tin which produce large crop • products would he a th , out ill the cold t practicable step iu th wi iig prosperity to th fai me 1 classes uf the people i v the republican p irt . w i . tariff laws and ci i legisl leiuoiieti/.a.tiou • ' aiu oiis force lull tiie fa widest market of th worli grain crops tie ir col t u am md whatever else they pi al they neod a volume adequate to tie n un try and they need a bo ill rule with free and conducted b 1 1 e of the law of their y as we imp se prohibito i.n tie products of ol her u d with tlaun caunol ro s we rely upon l id wbic .■rarely set as th sole t i iey trade an i bu*ini ss w di prica will ii low i nit uds and private mortgag icavy and hard t red pie's prope i deem then and the i ullli ie people wain . ill ople a h ,■honor to re resent u itui and men engage i in ' [| po r to p y of i fanners i f'liiiidat am aud ■ppoh v and x iverilllk thechief strcngl ice nd iu war ll should aim of evei ' ' ■'■thai " and i ■io their rij : i for ui til ill a gener i ed b ia ess 1 ■my to the ! i and shou led i v hud ■di | i i h la'a-m ih'l i ie fai ihe hi legislation will he benefit d a i remain in c nigre 1
Object Description
Title | Carolina Watchman |
Masthead | The Carolina Watchman |
Date | 1890-07-24 |
Month | 07 |
Day | 24 |
Year | 1890 |
Volume | 21 |
Issue | 40 |
Technical Metadata | Image was scanned by OCLC at the Preservation Service Center in Bethlehem, PA. Archivial image is an 8-bit greyscale tiff that was scanned from microfilm at 400 dpi. The original file size was |
Creator | J. J. Bruner and T. K. Bruner |
Date Digital | 2008-12-29 |
Publisher | J. J. Bruner and T. K. Bruner |
Place | United States, North Carolina, Rowan County, Salisbury |
Type | Text |
Source | Microfilm |
Digital Format | JP2 |
Project Subject | State Archives of North Carolina Historic Newspaper Archive |
Description | The Thursday, July 24, 1890 issue of the Carolina Watchman a weekly and semi weekly newspaper from Salisbury, North Carolina |
Rights | The SA of NC considers this item in the public domain by U.S. law but responsibility for permissions rests with researchers. |
Language | eng |
OCLC number | 601556494 |
Description
Title | Carolina Watchman |
Masthead | The Carolina Watchman |
Date | 1890-07-24 |
Month | 07 |
Day | 24 |
Year | 1890 |
Sequence | 1 |
Page | 1 |
Technical Metadata | Image was scanned by OCLC at the Preservation Service Center in Bethlehem, PA. Archivial image is an 8-bit greyscale tiff that was scanned from microfilm at 400 dpi. The original file size was 5267295 Bytes |
FileName | sacw16_18900724-img00001.jp2 |
Date Digital | 12/29/2008 8:33:10 AM |
Publisher | Hamilton C. Jones |
Place | United States, North Carolina, Rowan County, Salisbury |
Type | Text |
Source | Microfilm |
Digital Format | JP2 |
Project Subject | State Archives of North Carolina Historic Newspaper Archive |
Description | An archive of the Carolina Watchman a weekly and semi weekly newspaper from Salisbury, North Carolina |
Rights | The SA of NC considers this item in the public domain by U.S. law but responsibility for permissions rests with researchers. |
Language | eng |
FullText | tnp l / a to ■i t tl jpi v/ltphtt1^in 11c jcxl vjlllld u cxl^lllildll salisbury n c thursday july 24 1890 vol xxi.-thied series no 40 l w wright the leading furniture dealer and undertaker in salisbury [„ uflerinjr tlio largest and best assorted stock of furni ture ever br night to this plaee o o y/j parlor suits v j parlor suits r > m y mohair crush plush at 00.00 porn or ■*** priee 75.00 l \ silk plush at 50.00 former price i h 00.00 i ■— wool plush at 35.00 former price v '/" 45,00 \^ j * r -, bed ik him suits •— ' bed room suits \—^ mm antique oak antique ashe cherrj and k mmam walnut at prices that defy competition p^^i t a large stock a large stock — « ■— ■of chairs safes mattresses of all kinds l_j t t siuing b.ils work tables for ladies t j pictures ami pit ure frames uf every sule t 1 and quality always in stock or will be i ■made to order on short notice at reason v j -^ able prie s r = = er baby carriages ' 1-i-j /*■v baby carriages a large stock of bal.y carriages with hth wire u in i is at 7.50 __, silk plush seat and satin parasol car (""^ riages with wire wheels at only 10.50 . ■■" " formerly sold for 22 50 tj ww ■. _ w \^ l'ndertaking department cj undertaking department i , sptcial attention given 1 undertaking k^lj j 1 in ail its branches at all hours day and i m j night i pai tics wishing my services at night will 7 call at my residence on bank street in j ■brooklyn h™h thanking my li hauls and the public \ generally for past patronage and asking a m s / continuance of the same i am m yours anxious to olease • — • g w wright leading furniture dealer ' il a father time 1 says our *| ' i * watch club is the best plan j * l * out for you to get a good s watch diamond king ear rings silverware or any num her of articles valued at 30 j # in our line we need two jla * i more to complete our first club # of 25 names when it is com | i pletc we will at once begin to # /" form another * x^_y call and see the goods we * y offer and learn the plan > * i j very truly w h reisner & bro j u leading jewelers * y mr henderson to mr holman the farmers alliance demands our congressman does not sign j them he has been working all the time n their direction the history of the democratic party j invoked to show that it is the con sistent friend of till farmers mk henderson cannot support the | sub-treasury plan and why washington july 14 1890 john 11 ttolman esq president ir county farmers alliance my dear sir — 1 have the honor to | acknowledge the receipt of your letter of the 21st ult t would have replied to it immediately if duties in congres of extreme urgency had not constantly demanded my earnest and nnd'videi attention besides i wished to gi yonr letter the most thoughtful coi sideration i did not wish to speak hastily or unadvisedly in a time o great puhlic peril like the present felt that i needed to weigh my word lest in the hurry of the moment 1 might say something calculated to cause division among our people when it was my duty to do everything 1 could t unite them what i witness in the halls of congress every day thoroughly convinces me that mile the patriotic and good men of tl south will stand together in an tii broken phalanx to resist the assaults their enemies and to defend the li erties and honor of the southern p pie it will be but a short time befo the same tyrannical and corrupt pari which cursed the southern people the days of reconstruction will agn put the yoke upon our necks the ca pet-bag governments were forced up the southern slates by federal bay nets but the new reconstruction whit is now threatened will be the inevitab result of unhappy divisions among o own people 1 cannot sign my name to the raid of demands which you sent me and i don't suppose that vou would wish in 1 i to do so hut in response to the inqni i ries contained in your letter i will say that upon every subject relating to puh lic matters connected with my duty and conduct as representative of the people i am ready at all times to give everv one of my constituents that asketii me the reason of the failh and hope that is in me in this letter i shall speak unreservedly my record in congress furnishes the best evidence of mv position upon nearly every question embraced in the resolutions or demands of the national farmers alliance and industrial union which you have sent to me for my considera tion 1 the resolution in reference to na tional banks is substantially an embod iment of democratic doctrine these institutions were established against i lie votes and remonstrances of the demo cracy the democratic party has nev ■; favored them you will search in vain for any endorsement of national banks iu the historic platforms and utterances of the democratic party one of the demands in democratic national plat form adopted in the year 1852 was expressed in the following true and prophetic words that congnss has no right to es tablish a national bank that we be lieve such an institution one of deadly hostility to the besl interests of the country dangerous to our republican institutions and the liberties of the people and calculated lo place the busi ness of the country within the control of a concentrated money power and above the laws and will of the ] pie the voles which i have given in congress have been in accordance with these ideas i have opp sed extending ihe privileges of he national hanks and i favor their abolition as soon as it can be done without injury to the pe >- pie | am opposed to the discrimina tion which exists in favor of i lie nation al banks over state banks ami i have introduced in this and the preceding congress a bill for the repeal of the tax of 10 per cent on the circulal ion of the state hanks this tax when first im posed drove out of existence in an in credibly short period of time every state bank of circulation in ihe united eral government was unjustly used to destroy state hanking associations and lo promote the wealth and prosperity of the banks created by the federal government if this tax could lie re pealed thi several stale of the union could supplement ihe currency n w in circulation thr mgh the medium of state hanks of issue and such m mey as a home currency would he a great convenience to the people i uis mon ey would remain in tiie states and would not how to i lie money centres there to he hoarded expanded or traded by the money power no good reason can now lie given whycurrein y no'es should he received and issued by i national hanks on hand of the gov ernment deposited in the united states treasury this system was devised during i he war to build up the of the government hut ir i no i mg r needed and ought to be abolished r j he retirement of tic national hank i ur rency which is constantly going on i productive of great injury to th p >- pie the contraction of this currency the bankers works greal hardship to the people this is till wrong vox every dollar of such currency hereto fore or hereafter redeemed or destroyed i a new legal tender treasury note should ie issued by the government in it dace the comptroller of the cur ency in his report to the fifty-firs longress rlatetl december 2 1889 say that notwithstanding the accessioi if new bunks to the system and th consequent deposit of bonds and issu if notes the outstanding circultioi steadily decreases from year to yeai the chief cause being the surrender o jirculatron by banks desiring to reduce | md regain possession of their bonds ' no wonder the people complain of a scarcity of money when 185,812,988 of national bank notes were retired during the six years ending oct 31 1889 the annual average rate of de crease in the circulation being 30 the national bank currency in ac tual circulation oct 31 1883 was 310,02 32g while the amount hal de creased to 130,2 17,325 on october 31 ] 1889 for the year ending oct 31 1885 the actual decrease was 50,093 553 and for the succeeding year the decrease was 50,495,539 a banking j system so unjust to the people should be abolished and a better system estab lished in its place it must be remem bered however that the charters of the banks were extended for a period of twenty years an july 12 1882 by a republican congress against the re monstrance of the democratic party so that it will not be possible in my opinion to get rid of the system imme diately hut if congress would stop the contraction now going on by issuing legal tender treasury notes in lieu of the hank notes which have gone and are continually going out of circula tion and will al.-o repeal the tax on the circulation of slate hanks the linancial stringency would he vastly relieved it being conceded that the federal government has the power to establish and issue money for the peo ple and the legal tender treasury note having become the fixed currency of the united states equal in value to gold and silver coin 1 believe that whenever there is a scarcity of currency it is the duty of the government to issue as large an amount of legal tender treasury notes to supply the demand as the business mjeds of the coun try require and 1 believe that as the population and the business of the country increase there should be a pro portionate expansion of the currency 2 i favor the passage by congress of such laws as will effectually prevail future speculation and dealings in agri cultural and mechanical productions bui it will ha necessary for the several states to act in this matter the'juris diction of congress over this subject is mainly through the taxing powers con ferred upon it by the constitution the liutlerworih bill pending in the house if favorably acted on by congress will it is hoped go very far to extirpate this system of speculative gambling so in jur ins io the agricultural interests 3 1 am strongly in favor of the i'wr and unlimited coinage of silver every effort h s been made by the democrats in congress to secure the enactment of legislation which will restore silver eoin to its rightful constitutional posi tion as the equal of gold all the pow er of the speaker of the house and al the machinery of tin republican party caucus has been used to defeat the prop osil mil and to substitute for free coinage a measure which demonetizes silver silver coinage will soon be permanently suspended under lie operation of such a law and the secretary of the treasury also has the power to expand or con tract the currency at his pleasure within the limits of the law there will he no real expansion however for if 4,500,000 is issued monthly as contemplated that amount need not bean actual addition in the volume of the currency and will ia hi sufficient to supply th business needs of tie country and the probabili ty is that the hill as passe 1 will not only j not add to ihe volume of the currency as , much new money as the llland silver act of 1878 has done and is doing bit j will cause a permanent and dangerous j contraction the llland act if it had ' been executed according to its spirits svoul i haw saved the country from ] som ■if the linancial penis it is _ now passing through the actual coinage under thai act has been about 31,000 000 per annum or more than 300 000.000 in all since the passage of the • iiits could have been coined and added to the supply of money in the ■country if those who administered the i 1 have always been opposed to the 1 alien ownership of lands in the i nitetl ;;][ uiv personal and political influence within the territories ami the district ' i ; tiii session from the judiciary com mittee of which f am a uu mber py - ; ,,,,.,,,_, to prohibit aliens from acquiring ! ! title to or owning lands ni the i nited 1 i states ii r 63 report no 2388 the bill declares all foreign born per sons wh.o have not been naturalized in capable of acquiring title to lands any where within the united states except a leasehold for not exceeding live year it also contains a provision that all lands now owned or hereafter acquired by aliens who fail for ten years to become citizens of the united state shall be subject to forfeiture to the united states according to the j rules of the common law if this bill becomes a law the evil of alien owner ship of html in this country will be end j ed i am in favor of legislation for the 1 reclamation of lauds now held by cor j porations and syndicates alien and do mestic and since i have been in con gress the democratic party has been instru men tail in restoring to the pul lic domain more than 1000,000,000 acres of valuable lands the demo cratic party in congress has been a unit in favor of every useful measure of this sort the following plank in democratic national platform of 18s4 will show where the democratic party stands on this question we believe that public land ought as far as possible to be kept as homesteads for actual settlers that all unearned lauds heretofore intprovidently granted to rail raad corporations by the action of the republican party should be re stored to the public domain and that no more grants of land shall be made to corporations or be allowed to fall into the ownership of alien absentees 5 the resolution in regard to the doctrine of equal rights to all and special privileges to none is a part of the ancient democratic creed the | proposition is thus stated in the demo cratic national platform of the year all taxation shall be limited to the requirements of economical govern federal taxation shall be exclusively for public purposes and shall not ex ceed the needs of the government eco nomically administered * * * * eminent in its dealings with the people to mete out equal and exact justice to all citizens * * *'" 1 believe that all unnecessary taxa tion is unjust taxation and that taxes not need d by tin government wheth er federal state county or municipal should not he collected front the peo ple bill should be left in thepoeketsof tin people outside of the protected classes no citizjn and certainly no tiller of tin soil gains any advantage from unjust and excessive taxation by the favoritism of an unequal sys tem of taxation the cost of the neces saries of life is certainly increased to all tin pe'-ple good government and a happy and contented condition of society can onlv he maintained iu any country by guaranteeing equal laws and equal privileges lo all classes and to all men with specials favors to none and this has been the vital ami saving principle id the democratic party from the declaration id independence until this very hour i do not believe that any oysteni of taxation or revenue should he tolerated which is calculated to build u]i one interest or class or bus iness at the expense of another in he language of mr justice miller in the opinion delivered by the supreme court of the juiced slates in the case ofl mil assoaiaioii vs topekai believe that i'n lav with one hand the power of the government on the property of the citizen and with the other to be stow it upon favored individuals to aid private enterprises and build up private fortunes is none the less a rob bery because it is done under the forms of law and is c.lled taxation this is no legislation it is a decree under legislative forms nor is it taxation " * * * we have established we think beyond cavil that there can he no lawful tax which is not laid for a public purpose the great merit of our constitute and system of government is that t rights of the persons and the proper of all the citizens are entitled to tl protect ion of equal laws such la are the best guarantees of the peaic happiness and liberty of the peopl every citizen of the state no matt what his business may be whether minister of tin gospel a farmer la yet doctor merchant mechanic or 1 j rer should have the same treatme the state the laws of the am trv shouh apply to one and all o l a equally and as fairly as t ii-jit from heaven shines upon eye num tln-re should he no descrimin tion in favor of one class or one ma ii another la or another ma and of all men it is specially the \ teres of thai fairmers to guard this iii principle of liberty and justice 3 fractional paper cunency is greait y needed by the people to facilitate the transmission of sums through the united state mails there are two pending in the house having i objeel in view one introduced by mr mansur of missouri and the other by mr anderson of kaii-a for some p|icaiblc reaison the committee u jind corn mv are mil a .. measure which 1 approve ural financial reform is imperatively a uol a theory of finances which iv need and must have a si i money aibundant enough to do the i a ai of the country and the up dy should increase with the increase if population and business 1 think hat the amount in circulation can be erv greatly increased without endan gering the business i u crests of the ountry or causing any depreciation n the value of the currency ami 1 hink the volume should be increased mtil the supply of money is equal to he demand for it something is radi cally wrong now ami nobody can leny it \ ast masses of currency are ying in the banks of the great cities in used and inactive notwithstanding he fact that there is a real scan dmost a famine of money among the misses of the people everywhere ii annot better express rny own ideas tpon the money question than by in lorsing the following extracts from samuel 1 tilden's letter of acceptance . lated july 31 1870 in response to the ei i del that had been iu ink to him of the democratic nomination for the presi leucy mr.tildcn was one of the wis si lien this country had ever produced ind if he had not been unjustly de ie high office to which he . i think he would have ' iccessfully with the great f financial reform mr : lend government * * * umed to monopolize the urrency and enacted ex 1 gainst everybody else i ! irnish all which the want require * * * the uld allow the volume of cir edits to ebb and flow ac the ever changing wants i s it should imitate possible the natural laws of ■h it lias superceded by ar trivances * * * the f necessary currency at a i cannot be determined arbi l should not he assumed mi that amount is subj ct to uieiit ami temporary cluing t varies with certain states of | it fluctuates with consider trity at different season - in autumn for instance irs of grain and other agri iro.lucts begin their opera need t i borrow capital on ; credits by which to make ases and want these funds v capable of being distributed mis among numerous sellers ional need of currency at ;." is obvious • ud as a uepresentative is stood by the people of north i have nevi r given a vote j ss for any im lvase of taxa 1 have never failed when i p irtunit v to vote for a reduc iation there would be no i irehoascs for whiskey if leg oposed by me in three sev vsses had been favorably ac for the past twelve years a and as a representative in i have spoken writtten and ith all my powers and ener vor of the repeal of the whole venue system and every part aje thereof i believe with son that such a system is an " one and i have done all nan could do to relieve the mi its cruel tyrannous ex d oppression every day - ■in public life impresses up re and more i he absolute ne ■economy in the administra ry department of the govern it state and bedrid it is ne duty of i longress and cf d state legislal ure to avoid tgalice and favoritism iu leg id to put an end to all partial t legislation towards classes duals and in this direction i all in my power to secure a id reform of the iniquil of the country these laws y enriclud one section ai.d | n i m ide another se t on and classes pour ub-trea-ury bill numbered i trod need in the senate by don vance iu its present never pa congress and un nproved by amendments no support it but i am not i the principle and purpi - - is ure it may not be mi ni to say that the bill as i in many respects d es the approval of its frami / admits that the bill can ress in it present form and mendment in many impor ailars the bill make pro i il y ige of c il ton ti corn and oat onhj while i by it authors that the involved wiil justly demand ' i,.u for all product of labor ) icune « ho is the ablest ex f the bill and who is t miliar with its provisio in his sp h before the ri uitl u:i agriculture i of grain and cotton in ann i by the prices at livery i i . holding uf the crops in w the united states will ike prices any higher ll fact too that iimf-i tie | th bill a intro luted u<»l j .■comities in he aid disl net would !)•• •• i su b-trva.su ry building or e for ii e inuol be - i '•' ii i i erage gross imounl it corn oat and tobai i i pro , i m any county o ar the la t two years e .•■■•.••!• ijl hve hundred thous md dol lars per annum at current price and this is true of a large in tjority u the counties in the united state merely mention these difficulties bu not in any content ious spirit i ! obvious however that they will in insuperable obstacles to the adoption of the bill iu its present form it cannot fail to be noticed that the ar ticles which the bill proposes to pro tect against low prices are limited to five products while there are man other article which will equally de id the same proti c ion such an ey bin kwlu at lye hay ii i-h | i - ps hops grapes butter cheese fi other agricultural and horticultur oducts aggregating even a greahi e than those named in the bill hay crop for instance is of gi due than the cotton crop it may istly aid id several of these ;. that it would he utterly impracti e to store them in warehouses for any length of time ll it the are sill subject to ll in mil it i in pi md their owners will not willinj nt to see the products of other tries protected and favored while i are deprived of similar pr tion they would contend that their icts should be protei ted by bona r that they should otherw i 1 1 lerated i'm - th discrimination 4 them m th whole category nl inanufac aaticles iu spite of tariff protec dieii became depreciab il in value heir owners will demand tha articles hall also he stored in ■_ nt warehouses w it h an tulvanci per cent of their value tin would he that in i\f ca he ut icles deposited in the ware would he left in the hands ol tl anient in the midst id a gluttei cclining market e counties which produce annual s than half a million dollars wortl ricultural products will dem tie that limitation he stricken inn hill ami that every countn her engaged in the production o staple crops or otherwise b lv cared for it will nut he p wei i heir complaint - againsl th the 90 c unities in north < ' irolin iltnii and tobacco crops are t h ones which would enable any o to take advantage id he hill am • were as shown by i in census o . cully fifteen that under any ci tame could claim warehouses e were twelve counties which pi 1 above 10,000 hales of cott ; and at 50 per hale they won i the benefits of th hill the ties were anson kdgeconil kliu halifax johnstown mec argh nash northampton i'i richmond wake and wilson am ie only three tobacco count i rani of pi ices fur tobaec 1 have claimed th right ir products m warehousi ere caswell granville am nun the other s l counl iffering more perhap -. tin which produce large crop • products would he a th , out ill the cold t practicable step iu th wi iig prosperity to th fai me 1 classes uf the people i v the republican p irt . w i . tariff laws and ci i legisl leiuoiieti/.a.tiou • ' aiu oiis force lull tiie fa widest market of th worli grain crops tie ir col t u am md whatever else they pi al they neod a volume adequate to tie n un try and they need a bo ill rule with free and conducted b 1 1 e of the law of their y as we imp se prohibito i.n tie products of ol her u d with tlaun caunol ro s we rely upon l id wbic .■rarely set as th sole t i iey trade an i bu*ini ss w di prica will ii low i nit uds and private mortgag icavy and hard t red pie's prope i deem then and the i ullli ie people wain . ill ople a h ,■honor to re resent u itui and men engage i in ' [| po r to p y of i fanners i f'liiiidat am aud ■ppoh v and x iverilllk thechief strcngl ice nd iu war ll should aim of evei ' ' ■'■thai " and i ■io their rij : i for ui til ill a gener i ed b ia ess 1 ■my to the ! i and shou led i v hud ■di | i i h la'a-m ih'l i ie fai ihe hi legislation will he benefit d a i remain in c nigre 1 |