The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-10-06

lation. But tod ~ we have cur ency which, if
a man have enough. he can travel mp and DOVE
scious of having come fDio another jurisdiction,
finding his money, whether national bank bus
travelling expenses in all parts OF the land.
IL is one OF the most noticeable Things ahout our
financial condit n. Another T.. -ntlemen. that
these greenbacks have been gradually. but sure
ly, ey or since the close OF the war, climbing up
TO the place Of gold. When the war closed these
golden platform. They have climbed all of them
but nine tonight. lApplause.l And tonight
this currency stands only nine per cent. below
gold. That Is doing pretty well. 1t is a pretty
long flight OF steps mother greenbaciSs
war, and there were good many dem cratic OBJ
sructinns In the way. too; slowly, surely and pR-
tiently, she has climbed them al and stands
That Is a good thing / think. Ii IL one of
great many good things that the democratic
any reason why this approximation of value be-
tween gold and greenDacks should stop here. |
don't see a v reason TO believe that IL wlll.
I see no reason why we may not hope by just
such administration OF public Affairs That the
greenback will MOI climb step farther. The
figuring of politicians or tinkerfng of these men
who claim 10 understand our finances from top
to bottom, some of whom are withous
the first idea CT the principles of DO
litical economy. Then when the time does
come when can buy as much wheat with
green back dollar as can with gold dollar, this
talk of specie payments Will be practically at
at an end. There is an idea that the people
crease OF our greenbaclSs national bank cur
rency. don't profess to be able to Tell just how
many millions of currency are necessary to sue
ceSsfully do the business of our great people.
don't think any one knows. Ii is one of the
things man cant nna out. We nave some
enough for Indiana, and that Indiana ought 10
have more. Perhaps they are right. l don't
know, but can't understand how IL they
come to Indiana we going 20 keep them.
There has been good deal OF money here, but
1t seems largely to now In the commercial ways
ae 1fv RAJ
streams of currency flow into the great money
centers OF the country suggesi ed TO a friend
h id rot see any way Of letting the money ana
keeping il here in Indiana, except this-except
backs, and printed Indiana across the back,
making them
LEGAL TENDERS FOR DEBTS
in this State, and making it
pentitentiary offense for a man to be found
with them out of the State. So when the
New Workers came on 90 Lafayette, we would
Just have paid them in Indiana greenbacks and
they would have to leave them here, they could
we had call in the panic OF last fall
in the right direction which all we have to do
mucp haste 70 Get rich in this soe m We
have forgotten the good old way accommodating
wealth by lifetime OF honest toll I'VE are too aux
ious to get wealthy by the speculation of a day,
and to put on tomorrow the equipage and style
of wealth. TAis thing was all wrong Now and
a good thing for us A panic Is not an
unmixed evil. We. are working ont OF it
well, ali we have to do to solve this financial
question is just to let things alone.
1t is reported that in one of the times of
earlier panics or indiana when our state was
greatly distressed, gObd old member ct the In
diana legislature. proposed TO relieve all this
pxblic distress by issuing state scrip assS give
every man all the State scrip he wanted. He
Thought this would be a complete panacea
fog the pubic Distress. Finally a friend sug-
gested that there was an obstaclein the way.
Mat fhrnn nhnn 10 Sfofa
when the stale treasury was shrown opeR- would
come up and take great deal more than they
wanted. He thought that was good objection /;
IL might be sos there were lneny such men He
wanted to know his remedy. Bis friend sug-
sested he put a sectipn In ths-bill to make IL
penitentiary offe1Se Tor any man to take more
of this scrip than he wanted, and
the provision was incorporated in the bilS. The
the bill in the joint convention OF the Two
houses, aud IL was not until IL was presented TO
was informed his biIi had not become a law OF
this State. Now, a great many people seemed to
have got the idea that we ought TO have
more money TO do the business of the cOun-
try They don't say how muchs- but
tits more than we have now. There is saeh
thing as having too. much o. a good thing. /
don't know but some you when childrea may
have thought when your par. MS treated you to
a single orange, now If We could have as many
oranges as we could eat, how happy we woul
be row when you undertook 70 test the
question, how NANNY you coud safely
ieciions of The result 10 this day.
think 1t is better 10 eat one orange less than
my idea upon the greenback question, it Is
DETER TO HAVE LITTLE LESS
than we need to do the business of the country
than little more. There is an entire want of
harmony upon this question among the demo-
cratic leaders in Indiana. regret tn have to
state 10 you that Gov. Hendricks and Dir. Nc
Donald who were in that convention, the one
its presiding otffcer, the other pros
pective candidate for the United
men, although they were in the convention
have, since the adoption of that platform,
openly repudiated the Il ancial plank in the
platform. Mr.. Voorhees, represents side OF
this controversy. They { IL Us that this plae-
form represents the intelligence and integrity of
the democratic party, in speaking of the num-
bers and intelligence of thas particular conven-
ton: AS that convention adopted this
sents one side with the democratic party and
Mr.. Hendricks and Mr.; Mcdonald stand alone
as far as we have heard. The democratic plat
form says we are in favor OF the redemption of
the $40 bonds In gseenbacKs, according to the
law under Which , they wsre issued The r general
Mr.. Hendricks upon the Circle at Indianapolis,
TO show that they were Numerically opposed
Word as said eaa at 1be , of
that or other democratic papers upon the finan-
cial plank OF the democratic plat.
iSTm could not OF With course, Raye Gag
Reputation OF it, because affecting his prospects
for the candidate of the democrats for the pres-
dency in 70 Mr.. Hendricks criticises sharply
the national government for seeking a foreign
market for It's bonds, saying that when the
gold Interest was paid upon them, Ii should be
paid TO our own citizens and not sent abroad 10
pay our interest to foreigners,and that we would
much more easily reach specie payments.
1t is in bad place to come from one who belongs
TO that party which has from the time the first
five-twenty bond issued until now,
constantly by their opposition to the measures
Intended TO develop and settle the public credit,
piled up our national debt and made
the negotiation of onr national bonds
more difficult. 1t would have been good
thing If Governor Hendfick political friends in
the early years OF our war, when tue distin
guished general from Illinois who sits upon the
platform, was leading the troops from that State
i'm battle when the Ind ana soldiers many OF
them under his own command, were doing bat
tie for the right 1t would have been good thing
If Governor Hendricks and his demo-,
cratic friends in the state of Indiana
and throughout the Union, would have enc0ur-
aged the government by buying these bonds.
say 1t seems to me TO be in bad taste, coming