The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1878-05-29
Though Two Names Were Added to the
Title.
Gag-law ResOIted TO and the Plan Elected
Chairman.
Fears That an indianapolis Ring Exists,
Even in This Pure Organization

the opening, some two hundred had assem-
bled. The usual delay occurred prior to the
opening of the doors, and in the meantime
battle Scared nationals from various sections
were busily engaged IN drumming up re-
cruits from the different congressional els
tricts in order to pad out" Tickets were
given TO all who asked and also rendered to
many who didn't, but the paste boards were
duly accepted as the novelty of free show
is not experienced every day. By this
means about five hundred people
were induced to enter the hall,
when it was decided that the doors should
be thrown open to the general public. After
due amount of flying through the wings
by the manipulators and a patient waiting
on the part OF the delegates, indications were
visible at 10:45 that trouble would soon be-
gin At IL O'Clock John L. Miller, of Lafay-
cite, pOstmeS er for that city one term and
disappoint ted applicant for second, called
the assemblage TO order and introduced the
Rev. De La Matyr, OF Grace church, who
invoked the divine blessing, usually
required upon occasions of this character
The reverend gentleman returned the due
NEED of thanks for the blessings that had
Deen snOwered upon the country. but ac-
EnOwledgcd that there had been cUnsldera-
bic trouble throughout the length and
breadth OF this great and glorious land. He
a 80 invoked divine blessings upon toe presi-
dent of the United States, though which one
be did not designate, and concluded by a
general invitation to all the people of the
wide, wide world to come here and be as
happy as could be expected The prayer
was unexce ptionable and entirely non
cOmmlTfal far g nOlitiCS
Mr.. Miller stated that as this was the first
meeting held under the new dispensation
he considered that a statement of the
reasons why would be in order, and gave
them briefly" as follows:
GENTLEMEN OF TIE CONTEMPORARY right
convention to order, and as it is the first con-
yention of the national party for the state OF
Indiana, deem 1t not inappropriate to state
briefly the causes that make it necessary 10
bTinS this party into eXiStenc.
The republican and democratic parties hav
ing wholly failed to comprehend and under
stand the interest of the laboring and business
men of our country, in connection with the
difficulties surrounding us at the close OF the
war.
In this the difficulties being the great ma
tiOnal, state, municipal and Individual indebt-
edness, so large that it was not worth more
than thirty cents on the dollar in gold, but all
payable In legal tender notes of the govern
lneut, which, owing TO its volume, was worth
only alike thirty or forty cents IN gold. Gold
having ceased TO be the standard Of values in
the discharge o[ debts owing to the
fact that il had become a traitor to
the government during the war, and
could not be had as means of values, and
its owners thinking more OF il than the gov
eminent, both were untrue TO the government
and left the government TO depend on its own
resources to create and make money by its
sovereign power which was successfully done
and the nations life saved by the govern
ments creation OF money. In making this
new standard or measure of values the volume
was increased to an amount tour or five times
I greater than IL had heen nnuQf the gold stand
ara, which increased all prices IN proportion
TO the Increase in volume of lawful money,
close of the war were not worth more
than thirty cents on the dollar in gold.
made the fatal mistake, for the interest of
+ labor anu business, by suppOSing that 1t was
their duty TO Immediately install the traitor
gold as the king of property and give it and its
ownerSabsolule control over all other prop
critics by q ,ystem OF legislation that would
appreciate the Indebtedness from 80 cents in
gold TO 100 cents, aud depreciate property
from 100 cents in lawful money to 80
cents in gold-and in order to accomplish
commune legislation in the shape of finding
bills to take up the evidence OF government
Indebtedness, which was legal tendei in the
hands of the people, in payment of debts, and
convert them into interest bearing bonds
payable in gOld-except the greenbacks
or national Indebtedness issued as
money and not redeemable by law,
but only receivable by the government for ali
dues-the promise on the face of the bills TO
L
I ting them, but inserted by the secretary of the
treasury. This legislation had brought green
backs pretty nearly up TO gold, the bonds hav,
ing appreciated to as high as one hundred and
twenty cents in gold then the act - demone-
TIE silver and nnally the resumption act,
which ccmpels the government to pay gold
for the green backs, thus dishonoring every
! thing that would legally discharge debt,
except gold, thereby establishing a legA COM
mune that has confscated and will conhscate
nine-tenths Of the property and take IL from
\ the righuul owners and give IL 70 the few,
without right, save the right oh1S communlSuc
/ RMS legislation is what has made it neces-
sary for the formation OF the national party.
/ We say that every dollar this Indebtedness
/ has appreciated by this communlstic legisla-
/ tion was direct robbery of the people to that
amount, but the depreciation OF property was
/ a till greater loss and disaster, and caused
3 every one engaged in manufacturing and pro-
dncing proper ty TO suspend, as the depreei
alton was such that they were continually
compelled to sell for less than cost. This had
/ the effect to throw out of employment over
three millions of laborers who are quite
willing TO work but can not get work 10 DO
so that the loss IN wages alone will be suth-
cient to have paid the notional debt twice
accomplished this great work and greenhacks
and gold are on par, and all other debts are
payable i'm gold or its equivalent We are told
[ by' these men who, by this commune legisla-
/ ton, have transferred the property OF the
many To the few, that there is no use for the
I national party, as gold and greenhacks are ON
"A par We think this could only be equaled in
! imDudence and cheek by the rOhher saying to
his victim AFTER ne ililu DO>>tSSt'O IlllltSfAl
his goods that he need not make any fuss
I about it, as his property was gone and he had
I as well submit
We think il was the duty of our legislators
I to have guarded carefully the interests the
labOring and business men by such legislation
as would have assisted and encouraged them
To pay the indebtedness, ana In order 10 so do,
to see that there was no appreciation OF that
! indebtedness, nor depreciation OF the value OF
wages and property caused by legislation, SO
thai the debts could have been paid in what
was a legal tender when 1t was contracted,
and IN exact accordance with the contract.
w therefore demand that this legislation,
approaching the entire Indebtedness three or
four hundred per cent shalfbe changed and a
volume OF legal lender money issued Dy the
vernment equal In volume TO what IL was
when this commune work of appreciation IN
the interest of the bondholders commenced,
and the people relieved from this bonded
slavery which the old parties have endeavored
to faston on the laboring men, and their child
rem and children S children for generations vel
unborn, and now that this indebtedness has
been increased orappreciated fourteenor fifteen
billions of dollars for perpetual bondage on
labor, they now, with great unanimlty, go 70
work to repeal the bankrupt act, the only
faffr vi