, 1875-08-12
!Ne1Icy's Speech Mt indianapolis
in Favor Of Money on n
Paper Basis.
His Abomingble Doctrines Furnished
with tho Gloss Of Soplistry.
The Long Ears Of Demagogssm protr,l.l-
Ing Through tho Ll0n's Skin
Of Honesty.
Gov. Tildan's Triumphal Democratic Trip
Through Now York.
6evera1 Congressional Nominations.

KELLEY At INDIANAPOLIS.
lSnIANAruIls. Aug. 1l.--The Hon. W. D. Ket-
or addressed a largo audience At Exchange Hall
in this city to-nigh.. ou tho question of finance
and currency, In renconso to m invitation from
D large number Of ciuzens irrespective Of
party. lie began by referring to tho
prevailing distrosa and commercial de-
raugemcnt in England, for which tho rapid
Nstlo fellow Donamy Price. could givo no sasia-
factory reason when interrogatod therefor by
m indianapolis editor. Ito charged A1r. prics
with lodging Tho question By asserting tn yaguo
torma that 1t mas produced by recklosa
Investments, aud chargei tic ~Io'o
responsibility upon tho inflated bank credit III
haru-monoy Englaud where tho people wsro
comrolled to uso credita based uron bank dsa-
counts Ia lieu Of sulHcions volume Of tho
ha naoHy yos S sstsm tue rse a ne ayasa .Sag
ing that it, primary hasis ras
upon practically irredccmab!o Government obli-
gttiona to tho amount Of $70,0O0.o0o, and only
tho amount Of notes in e1cess Of TINT sn1u
Judgo Kelley charged tba:, oven with such
specie basis, England was compelled to
periodically sunpend payment. and suffered
continual porturbatlops from varying rates of
discount wien not tn actual auspension which
produced fehr, securing cElsss and commercial
ruin. Our Government. In dnnylng the people
sufficient volume Of legal-sender money. was
forcing this nation into the practice
Of s.,lI ,tst.e,.,., more aoominsble system
we1o laid Hndor tribute to issuos Of infetor bank
credits, and subjecting them TO tho contiAued
drain Of usurioua Inherent, with inevitable hank-
ruptoy In the end. He denomtnated Gov. Hayee.
tho bullion candidate for Governor Of Ohio. L.
dorscd hia roocut dissertation OF tin CT
facts Of aiternAte inhstion and con-
traction, !, but rehomeutly charged tho
responsibility upon those who would curtsil tho
nd baok crodits upon tho isnns t.sua4 A' of =
spece basis. He then reviewed. At grcAt length
speeie banks, exhibiting 1o-poand yol-
qns 1sa..,. q IT,, The s, 7hompson M ] 1iank;Nete
e1lbt tho beauties Of tho systam. lie passed.
III rcyiaw tho hnnacial history Of tho country
from l7ss to 1873 to prove tho
utter iqado9uatoness Of epccio bss!a
fe.ings Of tho English poople under an insano
policy Of specie resumption in 1872, ns rarn-
ing to tho people Of this country What might
VIC expect II the act Of iaas January Was carried
ont. Flo demanded the repeal OF that
act. Which DO denounced as an act
OF less feanod and moro absolute croolty
thnn tho EugllBh measure Of history and in
3amy. In this he stated lna closr antaBonienl to
The Vows Of Indiana's distinguished gentlemen.
lilo aztolled eTeenbscks as TIC best form OF
credit God or any human Government had ever
devised aud maae possible. mud such czedi.
the proper foundation OF currency.
Ileferring to tho ttamps go yicionsly denounc-
ed BY. tho public press, lie pronounced thom to
bo largely composed Of industrious and vol.
meaning mechanics, robbed OF their employ
ment By yicious legislation, forced
from shame to beg or ssaryo. lie
cioaed with IN eloquent ct1aogy Of
The groonbaok and lntcrcouycrtblo bond-hSstcm
currency.
Judge Kelley goes from hero to Chicago to
eectriiy tue in1lationists OF tia Northwest.