The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1878-02-13
TEE 1oUnNALs GRAND TUMBLE.

conceded that the credit is due
entirely to the merciless spankings the Sea
tinel has from time administered as duty or
pleasure prompted. These castig, atoms
are producing a healthy chaTIge in
the tone of the Shylock organs
utterances. The columns of tb q Business
grave digger" yesterday morn lng bear tcsti
mony that a change has set an, which is
struggling powerfully with its pockets.
Some time since we took occasion to present
to the people OF Indiana the Shylock organs
business and financial platform, and to
denounce it with merited severity.
The first plank in the platform
of the Shyleck organ demanded that the re-
peal of the resumption law should be indef-
inltely postponed. 1t reads as follows:
The senate should Indefinitely post p me tie
oil repeating the Resumption Law, and then
congress should give the people rest.
When the Shylock organ announced its
desire to have contraction and bankruptcy
go forward, that it Rlght gather
in a little money from sheri1rs
saEes and bankrupt couzts, the east
ern Shylocks were even then adding to
the distress of western creditors by insisting
upon rates of interest they could not pay
The Sentinel, some weeks since, took occa
sion to point out probable consequences if
eastern capitalists insisted upon enacting
high rates of interest. 1t that time the
Journal grave digger was as silent as an
oyster and outraged every principle
of justice by clamoriHg for measures
calculated to intensity the business
gloom of the country. After submitting to
our lash we have compelled it to commence
the laughable feat of swallowing itself. 1t
says:
Ifthe west is to comply with all the de-
mands made by eastern capitalists In relation
TO resumption on the s ngle gold standard and
no concession be made them on the rate OF
interest being paid on their Indebtedness,
then universal bankruptcy to the west will be
the inevitable result.
There has not been the slightest change in
the business situation from the time the
Shylock organ demanded the indefinite
postponement of the bill for the repeal of the
resumption law up to yesterday, when the
squeal was uttered. The resumption law
mas not been repealed, nor has the rate of
interest been reduced, but the Shylock organ
under our lash has lost caste and credit,
leadership and the confidence of its party.
1t has tried its lash upon the republican
state press and got itself kicked for its i'm
pudence, and now it tells its readers if
the rate of interest is not reduced
the business of the west will
go to the devil. The Shylocll organ has
told its readers that the Sentinel was con-
stantly misrepresenting the business condi
ton of the country when we depicted the
bankruptcy and ruin that enshrouded the
land; and to show its treachery to the best
interests of the people, and its wilful and
premeditated mendacity, it now says:
The store rooms and dwellings which were
then renting at one hundred dollars per month
are now renting for fifty dollars per month.
The farm land which was then renting for
cash at ten dollars per acre is now renting for
hve dollars per acre. II will not DO to say that
this shrtnkage in value Is only the misfortune
of the debtor, and matter with which the
creditor has no c.ncern, because this is not
meeting the question. rhe shrinkage in values
of all kinds of property, including rents Is the
result of our laudable efforts to reach specie
payments.
Here is an open admission that the Sentinel
has been right, and that the purpose to resume
January l, 1879, is the chief cause of all our
business woes. Still the heartless and soul
less concern demanded that the bill to repeal
the resumption law should be indefinitely
postponed, and stigmatized the remonetiza.
ton of silver as follows in its platform:
THE BLAND BILL.
The reconciliation of silver under the terms
of the Bland bill Will be more disastrous in its
consequences, in our opinion, Than the repeal
OF the resumption act. It might, in It's present
form, properly be termed an act to reduce the
value of green backs six per cent.
THE VOTE on THE RI,ANn RITT. NOT EoP THE
INTERESTS OF THE COUNTRY.
The members of congress, no doubt, think
they are representing the will of their constit-
uents, and that the IN asses of the people in the
wess demand repeal OF the resumption act
and a reconciliation of silver under the terms
OF the Bland bill This is, probably, true in
certain districts; but, taking the country at
large, it is not true. But if IL true il does
not follow that IL is right for the best inter-
ests Of the whole people.
After such declarations it now says, in re-
ferring to the ability of the government to
resume
There is not sufficient surplus in the hands
of the people, and there Is not sufficient gold
in the whole county, if all were invested in
those bonds TO enable the government to re-
sumo. Inc repeal OF the
fixed Tor resumption, therefore, becomes
a necessity, and the sooner IL is dome the bet
| ter
To show the extent of the Shylock organs
/ hop under the SentlnelS lash 1t Is only
necessary to contrast the above language
/ with the following plank in the Shylock S
/ platform published few weeks since:
REPUBLICAN NERVE.
Where the republicans have had nerve
enough TO go TO the people demanding tor
4 ward march TO resumption they have won in
/ the contest We think the time has come for
| the republicans of Indiana to take a position
as n party and stand by the administration on
| the financial question The position is right
and 1t is only aquestion of time when it must
| prevail.
We shall in due time have the ShylocS
organ demanding the reconciliation of the
silver dollar of 412& grains; in fact, we dc
not intend to let up in our spanking Ia
bors until We have compelled the Shylock
organ to completely swallow itself, and we
intend TO so stimulate its digestion that
when it appears in its new life the people