The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-08-04
MORTON.
OPENING OF THE CAMPAIGN
GREAT MEETING AT TERRE HAuTE.

GREAT MEETING AT TERRE HAUTE. I,
rHz REPUBLICAN LEADER DELIVERS HIS
FTRsT SPEECH CRITICISMS or THE DEAoc-
RacY-THE USUAL PRETENsEs OF REFORM
THE CURRENCY ARRANGED-CiNIL hiS -
, SPIRIT or THE DEMOCRATIC PARaf-kAll'-
ROADS. ETc-, NC.
The Democratic party is cut OF power, end II
struggling to regsin it. 1t is the opposition, ane
attempts TO SEIZE upon every populsr discomfort,
and to avail itself of every local passion TO tn-
lure the republican party 1t presents no peii- |
ey for the administration OF the government,
and makes no attempt 10 preserve consistency.
1t feels at liberty to profess IN enc locality what
it denies in another, and to take any pcs1t on
in one state to strike the republican party
blow without regard TO the ground which IL oc-
cuuies upon the sane qTIess,on in other States.
IL does not hesitate to use any weapon of as
sault knowing thst there Is little responsibility
attached to those who are struggling TO gam
power as compared W itiz those who arc in pos
session of IL and who ssponsible Ser its exer-
else.
AS an illustration of shis may refer to the
fact that in the state OF Maine tl.c democratic
party has just declared for absolute free trade,
and for raising the revenue BY direct taxation,
In Pennsylvania it declares in favor of a pro- pro
fecfiVe f.rfE while 1p Indiana a. afbrms ITS De-
lief in revenue tssT-f, TO be so adjusted, ana
framed y i'm such nice REORGANIZATION, as 10
afford no Isr0te etleEl 10 american indus,Iy;
he Tel
position il - Varit<5 as the circumstances sur
Ioundins III Ia ih. different States and Terrific
riss; sI1ia ls quail fcat tion lsowever that there
m may he said rileTaliy, 10 go as FAR IN favor
of the unreslralied traffic In intoxicating LIQUORS
as II R nor Of t 10 %h6 rs 1sig inelmed 70 the SIDE
OF temperance 81 the temperance men are iOr
prohibition, the democracy are for license Jaw,
always striking lower and making bid Tor the
Support Of t1se wh1 sTae I3 men ak dy
for a license lsT, there the democracy would put
the license very low. or have no license 81 all
class OF men. Whatever measure may Dc pro-
DO ed in any State or Territory whereby to di-
s Is h t9 st 10 conn short of Teeeiving demo-
cratic support; and tney never fail 10 ind some
excuse for opposing II, although they may deal
in glitlering generalities in favor o. temperance
ana freio M is Is TO .he general tendency aIa ne
temperance reform TO which call attention.
SPIRIT OF THE REPUBLICAN PARTY.
Resolutions against corruption are the cheap
clap-trsp OF parties. All par les profess to be op-
posed TO corruption, and are ready enough to
expose and prosecute it in other parties The
true test OF an honest party Is in its self-exan-
inatlon, and the exposure and punishment OF
corruption in its own ranks, in las continued
vigilance for self-purihcation in doctrine and
practice Tried by this test the republican par
iy is distinguished above every other IN the his
tory of this country. Nearly all that is known
of corruption in The republican party has been
shown b. its own dilligeGt seif-examinatiOn
and the prompt exposure of every official delin-
quent who has been discovered: NOBODY De-
Heves that the democratic party is particularly
sensitive about corruption. In fact, when it was
With which il covered up the pecuiaiions of its
own members. Committees to investigate the
official conduct of It's own members were 80
rarely appointed by democratic majorities in
Congress- ss not 10 be remembered. The demo-
cratic and republican parties seem TO have pro-
ceeded upon different principles for selfdefense
and preservation. The Democratic party Sought
ceaIing the delinduencies of its members; while
the republican party has proceeded upon the
principle,that self-examiDatfon and the expo
sure and punishment OF its delinquent mem
bers was the best guarantee for ITS continuance
in power.
There are good and bad men in all parties and
in All human ORGANIZATIONS and the ba ! men
Will ultimately corrupt aud take possession OF
posed and brought to punishment. The detec-
ton aud exposure OF the Credit Mobiller, San
born aud District OF Columbia transactions were
the voluntary and earnest work of the republic
can party; and while it may show here and
there "a diseased member, yet IL clearly reveals
the healthy tone, vigor and condition OF the
mass. he principles and constitution of the
OF Temperance as against intemperance, of free
dom as against slavery, of the people as against
moral progress. 1t is a progressive party, and
whenever IL ceases to be so and becomes con.
missior being performed. lis o1aiified 10 gTap
pie with every new issue that Is presented, has
its face 10 the future, and holds that the work o
reform is its normal and necessary condition.
For years TO come the contest Will be between
tween them there is no room for third party
and every one that will be organized will bt
ferent ideas tendencies and modes tf thought
which are in 1rrepress1ble conflict.
THE PANIC.
Last fall there came upon the country a panic
which suddenly prostrated business and pro
dnced disastrous consequences 1t was not
caused by any defect in the currency or in oul
financial system, or by maadministration A
feI q
and is generally caused by some sudden and un
expected event that confuses the minds of men
and destroys confidence. Panics occur quite as
,frequeD tly where the currency Is gold and silver
as where it is paper convertible into coin or in
convertible paper. During this panic the people
had unbounded confidence in the currency and
boarded 1t. as they had gold and silver upon
were the only ones upon which everybody re
lied. The panic came upon us in q period o
as the shock of an earths uake- 1t prod acee
by the failuresof great banking house, havinl
extensive connections. which had rashly under
taken 10 Duild railroad across the continent
The question Immediately arose how the pani'
should be treaLed-what policy should be adopt
ed 10 ~ itigate its consequences and bring about
specify restoration OF confidence, business aEG
prosperity
CURRENCY.
The financial question was first presented 4
Congress at the last session bE the President IN
his Dec6nbeT message. In that message he as
serted shat the currency of the country, baset
it upon the credit of the country, wa
the best that has ever been devised; that th'
v0lume ofeurreney vas not mere than sufi
cient for tke dullest Season of the year; tha
since 1850 there mad been an actual contraction
To the amount of siXty~three millicDs, and tina
there had been much larger comparative con
traction by The growth ~ population, trade, anC
commerce, TIE develOpenent of our terTitOrie,
and the organization of free labor In the South
He argued the necessity o. returning to specie
payments, but declared that il was lam posi-
De until our exports, exclusive of gold, paid fol
our ports, interest abroad, and other specie
obligations. As easure of expansion and
relief. ne recommended thst the secretary o.
the treasury should be authorized to increase
the issue OF the existing national banks Az pei