, 1874-07-16
It Declares thai the $40 Bonds Should
Be Paid in Greenbacks.
A Return to Specie ut the Earliest
day Practicable Desired.
Tho Republican Party Donounced-''
Civil Rights Defined.
Minor Political Matters.

Sptetal Dispatch to 1,he CHiea0o 7rtonne.
INDIANAPOLIS, July 15-At half-past 10o'clocl
tho state Democratic Convention Was called
to order in the Academy Of Music, by tho Hon.
Joseph Z. Mcdonald, Chairman Of tho Central
Committee. The call Of counties showed every
cbunty in Indiana represented. Tho reports OF
tho district meetings laat ovouing worero celvoa
and approved.
oNuAS1zAT1oN.
Tho Committee on Organization reported
as follows, by Judge O|essuer, Chairman:
President, GovoEnor +. A. Hendricks; Principal
Secretary, J. ". Nichol; Assistants, J. II. Rice
aud J. ". Kerr.
6pEEUn OF MI. HENDRICKS.
President Hendricks WEB introduced, rocoiyad
with cheers, md spoke as follows:
0EaTLEMEs OF TIE CONGESTION: Dy acceptlng
your appointments from tho people, and appearing in
.nes a1, tic political rcsnltp Of this year III indiana
duties aro discharged. You eanot safey assume that
the Republican ticket nov III tla ilcll Ia weak mud
11y but hsy SG Woh
tol!oso to 10 dangerous and Of ey! tendency, ant1
political party not worthy tho confidence mud support
the policy Of tho country OF control tho administration
Of II aNafra. Their election would be an Endorsement
constr,cd aa tho Judgment Of tbs people that there
should be no change, but that Wo Rrc to go o1 in
s w Il y 70 70
mako for the Democracy hl, their associates hcket
1t loast its cqRl IN every element Of personal aud
YOU viii hardly expect mo 10 refer 1t any length to
tledtoarat!on Of principles and purposes which should
expenditures mover exceeding tic absolute wants and
demands Of the public aerrice; unconditional obedl-
cneo to constitutional prohibitions, md cloae ad:
heTence to thu constitutional requirements n MI
Official conduct; integrity to roryado aud antt1iato
TIC r"b'!s service; reforms to be wrought out
served rights Of tho States tn accordance with tho
spirit Of tho Constitution 70 be preserved anl ina1n,
ta'ned,-these are vel! known and conceded
10 too otsen reasasstei.' Tie. recent very
suro,is disturbance OF finances nnd consequent in
suits, aud partial suspension Of lie employment Of
labor lavn arrested general and anxious attention,
e Ssws Il spa 10 ar % or
paprx-money IL neeesaasly eoni'nea In it, circulation
10 our own country, for our foreign purchases sna nd
universal and Permanent standard Of value, aud IT
.honld DO our poltcy, TO ,lsrease ,.a supply
mcnts n,ay DO safely resumed. In the n!cail-
ti1ne, paper currency should 10 maintained tn
ss quantity ss Wy asSe e ssnsss sss ss @
crsaaca to eause lis own dspreciauon Or develop y
reckless spirit OF speculation md adventure Snrey
wiso statesanshsp MAY uyoid tho evils OF contracted
currency, csamping busnrsa checking enterprise mud
order of DEPRECATED currrncy upon tho other.
not say which would 10 the greatest oyii Yhoy arc
e1tfeinss Of suttony ana starvation: Health A md
paper currency, and I believe al concede TINT
onr condition requires t!s continuance for aomo IN
to tctoruius tts quantity but tue demands Of the le-
gitimnto bustncss nf tho corantry. Onr laper con-
!awias n,oSey, and Sat!oual nak aoteS. an not IN
fyor Of tho policy TINT proposes to retire the Treasury
notes to mako room for inerrnae Of National Danks
and their paper. The Treasury notes arc cheaper cur.
rency to tho people. md cninu,a, public confidence.
Thoy ara nut irredeosnable. For their value thoy
rho relation between holders aud tue Government ia
direct. The people are not required to pay Interest
upon national bonds deporttctl as the basis Of their
security and yaluD, III tho cas0 Of hank n0tes.
PASSING everywhere md without question, th0y aro
tie lavorito mud popular currency.
VIC 3osire return to specie payments. 1t II setl.
GUS ryil, when there COMMERCIAL mediums Of diff
ferrMt vaiues, whsn oMo description of money
i for on e,s 1 Gf pspe 'nd Tor
strongly express tho Importance OF tue policy that
slIat restore uniformity Of yale to all tho lnoey
or ,o country. TINT il shall ho nlwaya and reality
convertible. That gold mud silver are the reat standard
Of yauv Is cherished Democratic eenti.naut not uoN
ncr hereafter to be abandoned. But do not look Il
any arbitrary euuccnt Of Congress for restoration
Of Bpccia paylnens. such an effort now would prob
ahly prossuee widespread commercial disaster. 4
eQnni to gold in Sa!"e. It eanues make ~,
bsnk-noio worth rs nsucb rs your gold dollaF
we nntl the cun in tho COUNTRY increasing, then VI
may know TINT we aro moving In tue direction o.
lis Important financial question is, How can ",
increase and mako permanent onr supply Of Rola
Tho reliable solution Is BY increasing our productions
our sales nbroad. u Gun readily obtain money VIII
produces more than no conrnnea Of aTieles that art
Of communities aud ,ations. Now can ths lepubira'
party atonu 70 the roorlo, for IT'D syii Io,ieis
and rendered return to specie payment more dill
cult, aud made iss postpopu'nulst ineyltabls9 TAa
party hns exercd al III bowers to make our debt
nm HrAf0 In Rr In
established singular relatoils befweon the Cavern
.nent mud Elropean ryns|Ic4te, Or comtinalinn Q
ahrvsd to uay Interest conpnna. The rcd blood aow
svs i Won be Sster tot ha ecn
to ray d. fourth or third larger per cen
upon our bonds to our own people than 10 foreIgl
who expended tleir rents abroad. Cheap Chinese d
bor cuts a the yitalH OF our prosperity IN the rcth
Cut long wages nre hent lack In gold to China
nourisn.at o,lIs flsd. Our foreigu traau las beef
Tx uccr.tlss mud coln. Thfs great and consist,
aEatn nio o,r gold haH continued to tho depreciation
Bui,er,.stoFiall sontest, bad ofs1sian 10 SPED
sno dollar Of foreign indebtedness With on
paper currency, and therefore, when the balance
o nd a ean % ore a5sn III VIII
'nt f)nacisl ruin; mud When enn W return to apec
basls If tho Apeclu he coEntaHy Withdrawn? Our r
a4ble retueiy IL III eraaseuf production espaclal
ot .hose groat Staples tlat communal foreign mar
kets Then specie will Gow into slorcB In I5
fnr our productions. WAo, setl moro hpl WI bu.
ileu tinaucla! ..i!cultles will raP1ly disappear
and wn will soon stand on q Bpeclo bas!s.
Cotton And tobaecu ars tho most tMInttsnt starls
in Cur exports, sometimes exceeding Ill OtilOr con
nonitlea 8!1cc tito close Ut tho War, It has been
suggcsllon Of wisdom to encourage the PRODUCTION
Of hll,hanity, UhrIsanity, and patriotism to ro'no
reconciliation and harmony botwsen the Eectiona b.
pulit!enl aud ra1ttbau 1uterests hAYB been 1naG
raraiEo',nt 10 humanity aud tls Welfare q , Il T.
country Had governments have bocn cstablialIe
mid aa lar an rosaplo nnintanod IN tho South. 1ne
lgcuce aud yirtne haye been llaced under The aoml.
lou mud Hrrylta,e OF Ignorance. Mid corruption In
Lurne awuy. Tho public indebtedness liah bscon
frtghtful; taxes too heavy TO- carry, doyeop'nt'
crushed, enterprise manac!ed. III word. 1t las bee
= government Of hatred, a,,d Ill this that part
ngAt r.to. Are not Virginia md Tennesace I'll
Gcortia md Texna tue green npns Of the aonth7 An
why7 nseanAo thoy wore ablo to throw or tho horF
tlo tiespot.ain before rMsn was eonssiu
mstetl Wha to-day would buy lands for q sou {
daughter IN South Garal!na Or Louisiana? For I'll
rout Ut the wlnle country, would tb1oice to u
prosrcry restored to tl!a lind of tho sgas.eaie a.s