The Populist platform of 1892, adopted at the party’s Omaha convention, remains a classic document of American reform (see the Appendix for the full text). Written by Ignatius Donnelly, a Minnesota editor and former Radical Republican congressman during Reconstruction, it spoke of a nation “brought to the verge of moral, political, and material ruin” by political corruption and economic inequality. “The fruits of the toil of millions,” the platform declared, “are boldly stolen to build up colossal fortunes ... while their possessors despise the republic and endanger liberty.” The platform put forth a long list of proposals to restore democracy and economic opportunity, many of which would be adopted during the next half-century: the direct election of U.S. senators, government control of the currency, a graduated income tax, a system of low-cost public financing to enable farmers to market their crops, and recognition of the right of workers to form labor unions. In addition, Populists called for public ownership of the railroads to guarantee farmers inexpensive access to markets for their crops. A generation would pass before a major party offered so sweeping a plan for political action to create the social conditions of freedom.
Tom Watson, the Georgia Populist leader, on the cover of the party’s “campaign book” for 1892.