3. Honest money—national money, not bank money—that will serve creditor and debtor alike; that will insure stability of prices, thus be an honest measure of value, and thereby encourage honest industry and discourage speculation.
4. Nationalization of railroads and other monopolies that must be public rather than private monopolies.
5. Prevention of overcapitalization of all corporations, of overcharge for services rendered the public by such corporations.
6. Abolition of industrial trusts, those that exist because of tariff protection and those that exist because of freight discriminations whether by rebates, special rates or otherwise.
7. Taxation that will tax every man according to his accumulated wealth—tax property, not man; collect state and municipal taxes by direct tax on the accumulated wealth of society assessed at actual cash value; collect national taxes by a direct tax on the earnings of accumulated wealth, whether large or small. Have only direct taxes, for indirect taxes cover injustice and extravagance.
8. Foreign policy that will keep our country out of all entangling alliances with European and Asiatic countries, and strengthen our economic relations with all American countries that have different soil, climate and products from those of the United States.
These are the demands of the People’s Party, the cardinal principles for which that party contends. They are all simple, easily understood, and must have approval of a great majority of the American people when brought to them for consideration by a party of the rank and file, controlled by the people themselves, not dictated to by the money oligarchy; by a party that stands for the interests of the many, not of the few. I close, as I began, by saying we need organization and education.