The program of Populism is at once radical and conservative. It is radical, because it goes to the root of the difficulty and will effect a profound change. It is conservative, because it will enable the great mass of wealth producers to conserve what they now have and what they produce in future, by exempting them from the legalized robberies committed by railroads, banks, trusts and other forms of predatory wealth. Populism, recognizing the institution of private property, and the people’s veneration and love for it, looks back over history’s pages and sees two things which, up to the recent past, have always been regarded as prerogatives of the state. One is the coinage, issue and control of money; the other, the ownership and control of highways. Under the term “money” we may properly include all those modern makeshifts which are armed with partial legal-tender power, or even those without such power, if they generally perform the offices of money. Without discussing it in detail—because thousands of volumes have been written upon the subject without exhausting it—it seems quite certain that if Congress is to really exercise its right—and undoubted duty—“to coin money and regulate the value thereof,” there can be no “free” coinage of either gold or silver; and the Government must go into the banking business. Under the term “highways” we may properly include railroads, canals, telegraphs, telephones, expresses—in short, all means of transportation and communication. Most of the trust oppressions grow directly out of private ownership of the means of transportation and transmission of intelligence—the highways—and the private issue of money. Populism asks that these great evils be corrected—and that the individual be allowed to conduct his own private business with the least possible interference by government. There will always be work for the reformer; but wisdom dictates that the greatest evils be first eliminated, so that many of a minor character may be allowed to correct themselves. _To Roosevelt_ Our hero is a man of peace, Preparedness he implores, His sword within its scabbard sleeps, But, mercy! how it snores! _The Regalia of Money_ BY ALEXANDER DEL MAR