" i- feSM '2 The Commotiet. VOLUME 7, NUMBER 24 '... TSyTT'vjFs rtlny platform that might he adopted," or support 'any candldato who might be selected, for these questions must ho loft to th,e conscience of each votor, but when I say that he expects to support the ticket, I mean that ho desires to do so and will do bo unless good and Sufficient reasons can ho given for refusal. I may add that his jnombcrohlp in tho democratic party can not bo thoroughly democratic unless ho considers other members equally entitled with him to a voico Jin tio p'ftrty's dollboratlons and to an influenco 'in tho party's management. No intelligent man becomes a member of the party with Ahe ex pectation that ho wjll1, agree Upon all stibjects with ovory niiJmbor 6f tho party, but he ought to expect 'to agree with other members on tho general policy" of tho party and be willing to Confer on equal terms with other members as to details and methods, content that the voice of the majority shall bo the voico of the party , unless the majority violates some fundamental (principle or demands of him tho surrender of a conviction. I think, however, that your question calls for a broader consideration of the subject. If the democratic party is entitled to tho name, it must bo true to tho ideas of democracy, and v , if wo can for a moment lay aside party defini tions I will dgflno a democrat as ono who be lieves in the rule of the people. The word, democracy, is derived from the Greek, and the two words, demos (tho people), and krateo (to rule), leave no doubt that a democracy is a government in which the people rule. A demo crat, thorefore, if the meaning of the name is . considered, must be one who believes in the rule of tho people. This view of the subject is sustained by the writings of Jefferson. A short time before his death in a letter to Mr Lee ho said: "Men by their constitutions are naturally divided into two parties: ' First, those who fear and distrust tho people and wish to draw all power from jthom into the hands of the higher classes; (second, those who identify themselves with, the 'people, have confidence in them, cherish and consider them as the most wise depository of the public interests. In every country these "X two parties exist, and in every one whore they , are. free to, think, speak, and write,, they will declare themselves." Then, speaking of itie va rious names which had been applied in different countries to these two parties, he said: "The last appellation of aristocrats anjd democrats is the true one, expressing tho essence of all." It will be seen that Jefferson used tho word democrat to distinguish those who have cOn- fidence in the people, and the word aristocrat 'to describe those who fear and distrust the people, and no one can torture the word demo crat into any other meaning or apply it accu rately without considering the distinction which Jefferson points out. What Jefferson said was true at the time ho said it, and it is as true today. These two parties are to be found in every country, and I no matter by what name they are known, they represent the two elements in society. Those i who trust the people are everywhere endeavor ing to bring tho government nearer to the peo ple and to make it more responsive to tho will !of the people. Those who distrust the people aro everywhere endeavoring to obstruct each now step toward popular government. We have in this country the distinction which Jefferson pointed out, and from tho earliest time have had among our inhabitants both the aristocrat and the democrat. Hamil ton represented the aristocratic idea of his day and proposed a plan of government which pro vided for a president holding office during good behavior, for senators holding office during good hehavlor, and for , governors appointed by the federal government and holding office during good behavior. Hamilton distrusted the people and wanted to remove the government as far from tho people as possible. He feared the "passions of the multitude," "the influence of the mob." etc., etc. We have some today who take Hamilton as their ideal and who, like Hamilton, distrust the people and seek to build, complicated systems of representation between the people and their mihlin mrvnnta mi however, do not represent tho mass Qf-ihervoteri in any party and can only be successful when they can deceive the party as to their real purpose. Hamilton's idea was related aWheme of the adoption of the cotitUtiionriWVe ideas of Jefferson were triumphant. The pop ular idea has continued to grow and the doc trines of Jefferson were never stronger than they are today. Our United States senate is more Hamiltonian in Its method of election than the house, and the constant growth of sentiment in favor of the popular election of United States senators is evidence that tho democratic idea is larger than tho membership of any party. I can remember very well when the resolution submitting the necessary constitutional amend ment passed tho national house of representa tives for the first time. A number of democratic senators were fearful of the effects of tho changer it was a now departure and they -were very conservative, but time has either cPn vinced them or forced them tv keep silent, and the sanie influence is at work converting- repub lican leadors or silencing them. The popular election of senators by the people was endorsed by tho democratic national convention of 1900 and by the democratic national convention of 1904. While the committee On resolutions spent sixteen hours on the 1904 platform, this was one question upon which there was no division of sentimont. Today a man can hardly claim to be democratic in his ideas and yet oppose the popular election of United States senators. There is a question, however, upon which there is at present a division of opinion among democrats, namely -the initiative and the refer endum or, as the system is sometimes called, direct legislation. These terms are used to de scribe tho system which gives to the people a larger control over their own affairs by per mitting them to vote directly on propositions submitted to them. This reform will not abolish representatives but it will enable the-voters to coerce the representatives into obedience to the popular will. As the subject is better under stood, its harmony with democracy will become more 'and more apparent,- and I have no doubt that the time will come when the people will understand the subject of direct legislation as well as they do the popular election of senators, and then it will be as difficult for a democrat to oppose the former as It now iB to oppose tho latter. While the application of the doctrine of direct legislation was naturally made to the city first and to the state afterwards, the prin ciple applies just as well to the national gov ernment as to governments covering smaller areas. The question is, shall the people Tule? And that question Is as vital in the government of the nation as in the government of a state, a county Or a city. Of course in the nation the equal position of the" states must be re spected, and it Is absurd-to' talk- of 'the small state's being overwhelmed by a popular vote for those who favor the application of the initiative and referendum to national questions favor it with the understanding that the people of a majority of tho states as well as a majority of all the people must concur. One who believes in the right of the people to rule and in the capacity of the people for self government naturally accepts the funda mental democratic doctrine of local self gov ernment that is that the people can govern best where they best understand conditions. The democrat believes that the individual should be ief t to choose his own course except where his action would injuriously affect others, that each community should attend to its own mat ters, that the state should have control of state affairs and that federal government should be supremo in its sphere. If a man is really democratic in sentiment, that is, it he really believes in the rule of the people, this belief dominates him in the consid eration of all the questions that come before the people." He looks at questions from the standpoint of the whole people and not from the standpoint of a few. His conception of society is that it Is built from the bottom, not from the top. While the aristocrat pictures prosperity as dripping down to the masses from the well-to-do, the democrat can not imagine a pros perity that does not begin With the producers of wealth. The democrat believes in applying demo cratic doctrine to every question, There are those who are constantly democratic, and then there are those who are democratic in spots; there are those who apply democratic princi ples to all questions, and there are others who apply democratic principles to some questions. It ought to be the purpose of those who engage in educational work to enlarge the number of questions to which democratic principles are applied. It-Is hardly 'worth' while1 towaste time tm one who is Jreally aristocratic I'nr sentiment. It is impossible to' make a democrat out of him until hennas change of hearty but itHs possible to show a real'Vlernocrat that he as' failed to apply democratic .principles to 'tf particular question. In 1896 a number of persons left our party who called themselves democrats. Some of them were aristocratic In sentiment, and their departure was perfectly natural. They have-not come back, and they will not come back so long as the democratic party is democratic, but a far greater numher of those who left us in, 1896 left from misunderstanding. Most of these have come back and the rest will come back, a majority of the republicans ar really demo cratic in their fundamental ideas, and to these we can appeal if the democratic party convinces them that it can be trusted to carry out demo cratic principles. To recapitulate, a democrat according to a party definition is a man who connects himself with the democratic party and acts politically with those who bear the same party-name. In a broader sense, he Is a democrat Tvho Relieves in th6 rule of the people and who Hesires to make the government the instrument in. the hands or the people to carry out their will. Such a man trusts the people and favors such reforms as will give to the people an increas ing power. And a real democrat will not only favor democratic methods in government and insist upon the right of the majority to rule, but he will favor the administration of the gov ernment in the interest of the whole people ac cording to the Jeffersonlan maxim, "equal rights tp all and special privileges to none." If I at tempted to apply these definitions to particular questions I would enter the .field, of contro versy, but I do not understand that there is or can be any controversy over the doctrine that one is democratic when he trusts the pe.ople and undemocratic when he distrusts-them.'' Very truly yours? " W. J. BRYAN. ., oooo A WORD ON SPECULATION The Journal of Finance,, of Chicago, takes exceptions to Mr. Bryan's remarks before the board of trade and transportation in New York. In the speech referred to, Mi Bryan said: "I want to vofce the complaint of the western farmer against the form of gambling Indulged in by some of your institutions. Speculating in the necessaries of life is "a serious thing. When the speculators, by betting lower the price of the wheat, they hurt the farmer; -when by betting they raise the price of wheat, they hurt the man "who buys flour. .Both the farmer" and the consumer are entitled to the price fixe by the law of supply and demand, and when outsiders interfere with this law and substitute a price fixed by speculation, both the! farmer and N the consumer have a right to. complain." " Thfe editor of the Journal of Finance makes a de fense of speculation, and like all others who attempt to bolster up a weak cause, misrepre sents the issue. He says: "Would he (Mr. Bryan) have congress pass a law requiring tho farmers to sell their products at certain stand ard prices, no matter what might be the relative conditions of supply and demand? If specula tors in Chicago or any other persons are willing to pay the present price of one dollar per bushel, for wheat, for-instance, should the farmer be, compelled to sell his wheat around the prices prevailing before the recent big speculation in Chicago advanced wheat from eighty cents per bushel? On the other hand, if speculators should discount an Increase in supply aver de mand of wheat justifying, say, a return to the price of eighty cents per bushel, Should purch? asers then be compelled to pay one dollar a bushel simply that wheat raisers might enjoy - extraordinary prosperity at their-expense?" No one is asking-for a law requiring farmr ers to sell their products at certain standard prices, but farmers are asking that they be pro tected from the men who disturb the law of sup , ply and demand by betting on the price of other people's goods. If two men want to gamble 'on the future price of wheat, go into a room with a stake-holder and put up their money, they do not affect the price of the commodity, and the only question presented is a moral one, but when two men in order to make a bet go through the form of purchasing grain that they never expect to deliver and by making these specula tive transactions raise or lower the price of the grain, they are interfering with the law of sup ply and demand and are doing injustice to those who have a right to rely upon the natural laws -of trade. Then, too, speculation" Invitee the cornering of the market. The big speculators. ;not satisfied to take their, chancesiipon their iMgment, engineer deals for the purpps'e of t.ojhpelling the market tp go 'their, way. Botli he farmer and the legitimate purchaser of the ppduct are at th mercy of the. speculator, and ,nc- defense can be made of such peculation either in law or in morals. The essence and not the form of the transaction should be con? sidered, and a speculator who without adding anything -to the supply of wheaf or contributing any service of value in tha transportation" or distribution of the wheat, grows rich by the, manipulation of the market, is as guilty from; moral standpoint as one who by the ordinary s 'V xmesssstt " n i '.s .?&, jKa& j;&m-L&uri hi.