The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-07-05
The Platform ON Resumption.

A careful comparison of the Sherman
resumption bill OF 1875 with the declsra-
ton in the platform adopted at st. Louis,
touching the repeal of portions OF that law:
will show distinctly that the platform de-
nsnds the repeal of everything objection
able in that law, and that the argument Of
Mr.. Ewing In the convention was based
rsnted by the letter OF the declaration. The
clause OF the platform to which we refer is
as follows:
We deuounce the financial limb cility and
immortality of tnat party wn CHI itring eleven
years OF peace has made a sy oo n,an
but instead has Obstructtd resum ption by
wasting our resources and exhaust ng all ur
surplus income, and while annually proftss-
ments has annually enac ed fresh h1ndTances
thereto. AS such hiDdrance we denounce
the res Jump tiOn clause OF the act OF 1915, and
we here demand its repeal.
In order to q correct understanding
of what Is meant by ga preparation
for resumption" we quote an additional
section of the platform:
We demand judicious system of prepsra-
ton by puolic economies, by official re- rench.
mentr and oy WI finance, WI ich shall enable
the nation to assure the whole world of its
perfect ability and / 8 perfect re diness 10
meet any OF its promises a the ca of the cred
itor entitled 10 payment. We bell such a
system well devIs ed and above a 1 entrusted
TO competent hands for execution, cres-
ting at no time artificial scarcl OF cur
rency and at no time alan ming the public
mind into a withdrawal OF that v 81 machln-
cry OF credit by which ninety five per ent. If
all busines transactions a perfO med, a s s.
tenn opeD, public and IN pirlDg generel conf
de- ce, would, from the day o. Its ad ptiop,
hrf hon I'M nj < w n a Ion haFW "A
industries, ret In motion The wheels OF COM
merce. manufactures and the mechanic ar S,
restore emPloN ment 10 lsoor, an renew IN g.
its natural sources the prosperity OF the peo-
pie.
Aud to further set forth how the end may
be accomplished there is this ex hibit of the
reckless extravaganza of the Republican
party since peace was declared:
Reform is necessary in the scale OF public
expense, fe ieral, state and municipal. Our
fedei al taxation has swollen from s6p,-
Co., Uec ~ gS1d I'm ~ $50 On, to sS, oooo eur,
rom $3.50 000J told in 1870 to $780,
OOOi o. currency In 1870; or In one decade
from less Than per heHd TO more than SIS per
head. since the pesce the people have paid 10
III ir tax athereIs more Than thrice the sum
Of the national debt, and m"re than twice that
demand a vigorous frugal " IN every epaI t.
ment aud from every officer OF the govern
msnt.
NOW, considering the declaration OF the
law of 1869 20 which the Republican party
platform refers, as the pledge of the party
20 return to specie pay ments at an early
day end their substqu "imbecility
and immortality" in financial legislation,
we come finally to the consideration of
the bill passed by Republican Congress
in January, 1875, known as the Sherman
resumption bill, their chief " imbecile and
immoral" deliversnce, after the act OF 1869
declaring the five-twenty bonds payable
in gold. 1t Is with this a It of 1875 that the
platform resolution has to do, ard
II explicitly declares for the
repeal of the resumption clause
of that bill. Now let rs consider the
provisions Of that bill. The first section