We call the attention of thoughtful Americans to the fact that, after thirty years of restrictive taxes against the importation of foreign wealth in exchange for our agricultural surplus, the homes and farms of the country have become burdened with a real estate mortgage debt of over $2,500,000,000, exclusive of all other forms of indebtedness; that in one of the chief agricultural States of the West there appears a real estate mortgage debt averaging $165 per capita of the total population, and that similar conditions and tendencies are shown to exist in the other agricultural exporting States. We denounce a policy which fosters no industry so much as it does that of the sheriff.

Sec. 4. Trade interchange on the basis of reciprocal advantage to the countries participating is a time-honored doctrine of the Democratic faith; but we denounce the sham reciprocity which juggles with the people’s desire for enlarged foreign markets and freer exchanges by pretending to establish closer trade relations for a country whose articles of export are almost exclusively agricultural products with other countries that are also agricultural, while erecting a custom-house barrier of prohibitive tariff taxes against the richest countries of the world, that stand ready to take our entire surplus of products, and to exchange therefor commodities which are necessaries and comforts of life among our own people.

Sec. 5. We recognize, in the trusts and combinations which are designed to enable capital to secure more than its just share of the joint product of capital and labor, a natural consequence of the prohibitive taxes which prevent the free competition which is the life of honest trade, but we believe their worst evils can be abated by law; and we demand the rigid enforcement of the laws made to prevent and control them, together with such further legislation in restraint of their abuses as experience may show to be necessary.

Sec. 6. The Republican party, while professing a policy of reserving the public land for small holdings by actual settlers, has given away the people’s heritage, till now a few railroad and non-resident aliens, individual and corporate, possess a larger area than that of all our farms between the two seas. The last Democratic administration reversed the improvident and unwise policy of the Republican party touching the public domain, and reclaimed from corporations and syndicates, alien and domestic, and restored to the people, nearly 100,000,000 acres of valuable land, to be sacredly held as homesteads for our citizens, and we pledge ourselves to continue this policy until every acre of land so unlawfully held shall be reclaimed and restored to the people.

Sec. 7. We denounce the Republican legislation known as the Sherman act of 1890 as a cowardly makeshift, fraught with possibilities of danger in the future which should make all of its supporters, as well as its author, anxious for its speedy repeal. We hold to the use of both gold and silver as the standard money of the country, and to the coinage of both gold and silver without discrimination against either metal or charge for mintage; but the dollar unit of coinage of both metals must be of equal intrinsic and exchangeable value, or be adjusted through international agreement, or by such safeguards of legislation as shall insure the maintenance of the parity of the two metals, and the equal power of every dollar at all times in the markets and in the payment of debts; and we demand that all paper currency shall be kept at par with and redeemable in such coin. We insist upon this policy as especially necessary for the protection of the farmers and laboring classes, the first and most defenceless victims of unstable money and a fluctuating currency.

Sec. 8. We recommend that the prohibitory ten per cent. tax on State bank issues be repealed.

Sec. 9. Public office is a public trust. We reaffirm the declaration of the Democratic National Convention of 1876 for the reform of the civil service, and we call for the honest enforcement of all laws regulating the same. The nomination of a President, as in the recent Republican convention, by delegations composed largely of his appointees, holding office at his pleasure, is a scandalous satire upon free popular institutions, and a startling illustration of the methods by which a President may gratify his ambition. We denounce a policy under which Federal office-holders usurp control of party conventions in the States, and we pledge the Democratic party to the reform of these and all other abuses which threaten individual liberty and local self-government.

Sec. 10. The Democratic party is the only party that has ever given the country a foreign policy consistent and vigorous, compelling respect abroad and inspiring confidence at home. While avoiding entangling alliances, it has aimed to cultivate friendly relations with other nations, and especially with our American neighbors on the American continent whose destiny is closely linked with our own, and we view with alarm the tendency to a policy of irritation and bluster which is liable at any time to confront us with the alternative of humiliation or war. We favor the maintenance of a navy strong enough for all purposes of national defence, and to properly maintain the honor and dignity of the country abroad.

Sec. 11. This country has always been the refuge of the oppressed from every land—exiles for conscience’ sake; and in the spirit of the founders of our Government, we condemn the oppression practised by the Russian Government upon its Lutheran and Jewish subjects, and we call upon our National Government, in the interest of justice and humanity, by all just and proper means, to use its prompt and best efforts to bring about a cessation of these cruel persecutions in the dominions of the Czar, and to secure to the oppressed equal rights. We tender our profound and earnest sympathy to those lovers of freedom who are struggling for home rule and the great cause of local self-government in Ireland.

Sec. 12. We heartily approve all legitimate efforts to prevent the United States from being used as the dumping-ground for the known criminals and professional paupers of Europe; and we demand the rigid enforcement of the laws against Chinese immigration, or the importation of foreign workmen under contract, to degrade American labor and lessen its wages; but we condemn and denounce any and all attempts to restrict the immigration of the industrious and worthy of foreign lands.