We, therefore, confidently appeal to the people of the United States to hold in abeyance all other questions, however important and even momentous they may appear, to sunder, if need be, all former party ties and affiliations, and unite in one supreme effort to free themselves and their children from the domination of the money power—a power more destructive than any which has ever been fastened upon the civilized men of any race or in any age. And upon the consummation of our desires and efforts we invoke the aid of all patriotic American citizens, and the gracious favor of Divine Providence.
The sound-money Democrats of the country called a national convention that met at Indianapolis on the 2d of September, and adopted the title of the National Democratic party. Governor Flower, of New York, was temporary chairman, and Senator Caffery, of Louisiana, was permanent president. General John M. Palmer, of Illinois, was nominated for President on the 1st ballot, receiving 769¹⁄₂ votes to 118¹⁄₂ votes for General Edward S. Bragg, of Wisconsin. General Simon B. Buckner, of Kentucky, was nominated for Vice-President by acclamation. The following platform was unanimously adopted:
This convention has assembled to uphold the principles on which depend the honor and welfare of the American people, in order that Democrats throughout the Union may unite their patriotic efforts to avert disaster from their country and ruin from their party.
The Democratic party is pledged to equal and exact justice to all men, of every creed and condition; to the largest freedom of the individual consistent with good government; to the preservation of the Federal Government in its constitutional vigor, and to the support of the States in all their just rights; to economy in the public expenditures; to the maintenance of the public faith and sound money; and it is opposed to paternalism and all class legislation.
The declarations of the Chicago convention attack individual freedom, the right of private contract, the independence of the judiciary, and the authority of the President to enforce Federal laws. They advocate a reckless attempt to increase the price of silver by legislation, to the debasement of our monetary standard, and threaten unlimited issues of paper money by the Government. They abandon for Republican allies the Democratic cause of tariff reform, to court the favor of protectionists to their fiscal heresy.
In view of these and other grave departures from Democratic principles, we cannot support the candidates of that convention nor be bound by its acts.
The Democratic party has survived defeats, but could not survive a victory won in behalf of the doctrine and policy proclaimed in its name at Chicago.
The conditions, however, which make possible such utterances from a national convention are the direct result of class legislation by the Republican party. It still proclaims, as it has for years, the power and duty of Government to raise and maintain prices by law, and it proposes no remedy for existing evils, except oppressive and unjust taxation.
The National Democracy here convened therefore renews its declaration of faith in Democratic principles, especially as applicable to the conditions of the times. Taxation—tariff, excise, or direct—is rightfully imposed only for public purposes, and not for private gain. Its amount is justly measured by public expenditures, which should be limited by scrupulous economy. The sum derived by the Treasury from tariff and excise levies is affected by the state of trade and volume of consumption. The amount required by the Treasury is determined by the appropriations made by Congress. The demand of the Republican party for an increase in tariff taxation has its pretext in the deficiency of revenue, which has its causes in the stagnation of trade and reduced consumption, due entirely to the loss of confidence that has followed the Populist threat of free coinage and depreciation of our money, and the Republican practice of extravagant appropriations beyond the needs of good government.
We arraign and condemn the Populist conventions of Chicago and St. Louis for their co-operation with the Republican party in creating these conditions, which are pleaded in justification of a heavy increase of the burdens of the people by a further resort to protection. We therefore denounce protection and its ally, free coinage of silver, as schemes for the personal profit of a few at the expense of the masses, and oppose the two parties which stand for these schemes as hostile to the people of the Republic, whose food and shelter, comfort and prosperity, are attacked by higher taxes and depreciated money. In fine, we reaffirm the historic Democratic doctrine of tariff for revenue only.