The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-07-21

who would lift the cry of Reputation" de-
clare in favor of a return to specie pay
ments as soon as the business interests of
| the country would permit, and no sooner.
Being the friends ofthe farmer and the SOL
der, they say so, and believing that indi-
vidual liberty and the public order equally
demand it. they pronounce in favor OF the
repeal of the Baxter liquor law. They de-
mand a revenue tariff simply. As
we predicted some time since.
harmony between the farmers and the dem
ocrsts is assured. The farmers candidate for
state auditor was made the candidate of the
democratic convention. The farmers party OF
Indiana. though Insignificant in numbers as
a separate organization, adopted a platform
essentially democratic, and, unlike third
party convention in Ohio last summer,
treated the democratic party with respect.
The victory of the democratic party in Indi-
ana, by large majority, is assured.
The Chicago Tribune comments thus: All
men who have hoped that something good
would come out of the democratic party in
Indiana will be sorely disappointed at the
results of the convention in Indianapolis
yesterday. the plato I'm begins well in de-
DunciatiOns of the republican party, which
are deserved and excellent in themselves,
but will hardly constitute a stock in trade
for political sdversaries. Unfortunately, this
is about all the good there is in the platform.
The very first resolution declares, in the
most unequivocal terms, that the party be-
lieves the 5 20 bonds should be paid in green
backs. The next resolution favors the repeal
of the law passed in 1869, which pretended to
say that these bonds should be paid in gold I;
ana so on. One resolution pledges the party TO
work for an early return to specie payment,
and the very next declares IL to be the right
and duty of the legislature to adjust the
paper currency to the wants OF the country.
A IL. he
ton was more outspoken. 1t announced
the policy of the party to be the passage of
liberal license law. Governor Hendricks
speech is one of the most significant political
utterances of the day.
Six years ago, the democrats
of Indiana rushed pell-mell into the
Pendletonian scheme to issue greenbacks by
the carload, and take up all the bonds with
them, and the republicans then, having
small faith in public honesty, adopted the
same declaration of policy. Now, in 1874.
we have the same discreditable performances
over again, except that the propositions have
been divided the republicans under Morton
consequent depreciation to the lowest point,
while the democrats propose to force upon
the public creditors this deprecated cur
rency in satisfaction of the bonds. While
the platforms of both parties on this ques-
ton are unworthy the respect or support of
democrats as the more fragrant OF the two.
But the party in Indiana was unequal to the
occasion. 1t placed even a lower estimate
upon popular intelligence and honesty than
the republican cow ention, and now the two
parties enter the canvas each calling for
popular support, on the ground that it has
proposed policy more hagitious than the
other.
The Cincinnati Gazette picks up the plat
form, and looking at it, soliloquizes: The
platform set forth by the Indiana democratic
convention, on the 18th, is the party's recon-
mendatiOn of itselffor situation. Not being
able to refer to its "last place." and having
very bad character wherever it has been
| trusted, it asks more trust on its own recon-
mendation and promises. The platform has
that particular quality of Democratic plat
| forms, which comes from assuming that the
common people are fools or knaves, or both.
and that the way to capture them is to fool
them to the top of their bent, and to tempt
their knavery to the utmost. Its most nota-
BILE feature is the declaration for Reputation
by declaring the payability of the 20 bonds
/ In greenbacks, and for a continual
dilution of the greenbacks by the issue
of more from time to time, according
| to the "wants OF the country" Yet
there is a palpable attempt to give the
promise of unlimited paper money double
face, susceptible to Interpretation the con-
trary way, by the profession of keeping in
view a return to specie payment; for to do
this means to stop the issue of paper money,
and to contract its present volume The
next most notable thing is The declaration
which proposes the monetary revolution OF
abolishing the national banks, and the sub
stitution of greenbacks for their curren-
cy. These democratic platform singers
| propose to tear up monetary
system which is mixed up with the
s..kn 80 ln hole
readily as a French political philosopher OF
the revolutionary hotDed would turn out a
plan TO take society to pieces and reconstruct
it on new principles: and they are as uncon-
scious of what the effect of their attempt
would be as a bull is of the skill and cost
china shop. In short, Indiana dem.
ocracy has made bid to be
trusted with governin power by declaring
war on the public ere it., on the business
interests of the country which are intimately
connected with the 2, 900 national banks, and
on the currency of the country. Like
JScobin or Communist adventurer, it appeals
to the classes who have nothing to lose, and
who may be melted to join in policy o
destruction by the hope of plumber. At this
convention Mr.. Hendricks took The initiation
chute. and gave an exhibition of the
way man of good abilities may
humble himself TO promote bis political
ambition by mounting folly which BIZ
thinks popular, and even degrading his
mind to give the fallacies, contradictions
and swindling receptions of the party folly
semblance of reason. By this Mr.. He'd
bricks has put himself into the line of com
petitors for the presidential nomination OF
the scheme of fooling the people and depre
ciating paper money, and as we think, ba,
put himself out of the chances of nomina
ton.
The New York Tribune philosophically
remarks: Reputation, that old, worn
eaten, barnacle-laden ship is still afioat
She was sighted on Wednesday in the lati
tude of indianapolis, water-logged. He
timbers and canvas are rotten, her last voy
!, Lage having been made in the fifties. Sinc
then the old hulk has been sagging abou
, without chart compass, with most o
the crew down with the scurvy. It,
proceed in plain English the organize