The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1880-08-11


bitterness than any that ever was brought
before Congress, within my recollsc-
ton. The bondholder's advocates on the
moor OF Congress were exceedingly bitter and
70 show their bitterness. and. also to show
that this claim of the Repub lean party, and
OF MI Porter for the Republican party, that it
brought the silyer dollar from It's hiding place,
Is without particle of foundation and right
scbooi nov H1 i1 ne tnat evsy ten year I'D
namely: That the Republican party is aud has
been the violent enemy Of the silver dollar.
for President wke opposed tina measure With
all the ability he possessed, now read from
speech made by General Garfield in the de-
pate on tnat question, that The country may
know what views he thea entertained as TO
the demonstration of silver:
read from the congressional Record of June
-, 1910. The question under discussion was a
blll tor the issue OF subsidiary silver coin and
MI. Randall, of Pennsylvania, was managing
The extract wish to read is as follows:
Mt: RandaI-I yield to the gentleman from
amendment, upon which he desires 10 test the
sense OF the House. After that amendment is
Mt a5 Sdan ass et the previous question
the proposed amendment by adding tue fol-
lowlsg: And 1t is further provided, That the
Secretary of the Urea ury is directed TO author
lie the coinage OF the standard silver dollar of
the same weight and fineness in use January
1, 1851 and sand dollar shall be iegal tender in
payment OF all debts, public and private"
the vote upon the amendment wss-yeas
While discussing this measure for the re-
monetization OF the silver dollar, or In other
words the bringing of it from its hiding
place, In speech against the measure, whic6
may be found in the Congressional Record of
| the Forty fourth Congress, first session. vol
ume 4 part s. page 4,56l, Mr.. Garfield said:
/ by the proposed measure One-fifth of the
| enormous aggregate OF puDnc and private
| debts can be wiped out as with a sponge. This
Nation owes w .l0O OO0,OOO and private citizens
| ofthe United States pI obably owe 81 500 OtO0d0
possibly more. At the present moment the
| relation oil debtor and creditor In tue United
Il i'm vol Nnc plxy nInlQ Il
| posed by the amendment OF the gentleman
| from Indiana (Mr. I1anders) that az one fell
| stroke one fifth of all this enormous sum shah
be wiped out, repudiated, and that this pro.
| cess shall be called hone.t legis alton. Since
| have been In public life L have never known
| any proposition that contained so many
| of the essential elements of vast rascslity of
| col ossal swindling as this. L do not charge
such, IN my Judgment, is the Ell. ct 81 the
| amendment proposed. But aside from the
| political ethics involved in this scheme, we
should consider It's effects upon the business of
| the country. Gentlemen may rememb the
financial shoes of 1887, the later shock of 1857
| and that still later OF 49, Conceive
| them all united in one vast crash and the
i financial ruin, the overthrow of business,
would be lig8 in comparison with the shOck
| which would follow, II the principle here pro-
| posed were adopted " Put IN operation
| the provision now suggested, and ali our gold
coin will leave the country as fast as it can be
| carried abroad"
| You will now see, gentlemen, that my state
| ment, as far as Mr.. Garfield is concerned, is
4
| creditor and says that sl,0O0OOU,000 of
the Indebtedness of the country would be
wiped out al once as with sponge.
| l have shown you, far as the Nations In
| debtedness is concerned, that your indebted
ness was increased no less than $4,000 0,UUO or
/ giving the debtor class the benefit OF the re-
mOnetiziDg of silver, Mr.. Gar fle, d was insist
i ing that the creditor was TO be robbed OF it.
Iwant you to reflect for one moment ss TO
i the practical working of this measure 1t Is
claimed by Mr.. Porter, and by other Repub
i lican speakers, that the Republican party
brought the silver dollar from it, hidIng-p ace,
and also brought the gTeenback te par, and
| that tne PROSPERITY OF lne country LolIoweo.
| admit that prosperity followed, but trust
| have shown you to whom you are Indebted
i for the bringing of those measures forward
1 which brought pro- perity to the country.
| | want to call YOUR attention now 10 the
p ediction made by Mr.. Garfield, that the
| shock to business would be greater than the
combined panics of 1887, 1857 aud 1873. Have
you felt It? Mr.. Porter now claims that this
measure was the one that restored confidence
and that revived business. Mr. Garfield said
| 1t would destroy business want you 10 no.
tice the prediction of Mr.. Garfield as to- the
effect of this measure, provided it was adopt
ed. He said put in operation the provisions
now suggested, and all our gold coin will
| leave the country as fast as IL can be carried
| abroad. The provisions were put in just
| suggested by The passage of a law February
Is, 1878, over the Presidents veto and the vote
/ of Mr. Garfield against 1.-two thirds OF both
Houses of Congress voting for it-and Mr.. Por-
ter, in his speech. now claims that gold ana
/ silver have accumulated until we have
Il
/ OF Mr.. Garfield as a financial prophet? This
1 measure that to bankrupt the country,
/ according to Mr.. Garfield, is now claimed by
/ leaders OF the Republican party as having
| been adopted by II, and that IL has saved the
country They must think that the recollec-
| ton OF man is very short. tell you they will
find, before they get through with this can
4 vass, that there is more intelligence among
i pie will know who 10 give credit to for the
measures that revived the dropping interests
of this country; And low say to my com
cfai Claim measure of his party Which is being car
/ ried out 10 day-the first one OF Republican
| origin mean.
try from some of the most odiOus legislation
| scted by the Republican party before we came
1 into power I'm the halls of Congress. Repub-
/ ncan leaders are as bold in their claims for the
| credit of measures brought forward by the
Democracy for the belterment of
opposed at every step by the Republican
| party, as Satan was when he called Christ up
| on high mountain, and claiming to own the
| whole world, proposed 10 give IL TO him IL He
| would fall down and worship him The claim
party, TO this financial policy has as tie
| foundation in fact as the claim o. Satan to the
| different Kingdoms he proposed TO
| give away; and If the great mass OF the people
| only had a little of the wisdom that Christ had
| they would see through this fraudulent
| scheme and scout the claimant, and say as
| Christ said to the devil, sect thee behind me,
| SATAN"
| THE LORD AND THE DEMOCRATIC PARTY HAVE
REVIVED BUSINESS AND CHECKED BANK.
| RUPrCY
| trust that have not only shown you, but
| that have convinced you, so far as flnanc al
\ measures have had anything to do
| with restoring confidence in CONNER
| cial circles and reviving the par.
4 alyzed Industries OF the country,
i that the credit belongs to The Democratic
| party. But the fact Is the good Lord has had
| more TO do with reVivlng the industries of this
| country. starting up the shops, and bringing
| our paper money up to par, than all the poll
| cies OF all the political parties combined. He
| has blessed with abundant crops, and the
| crops across the water being blighte for sew
| eral seasons, we have received lair and Tea-
| sonable prices for our products The balance
of trade has been In our favor, and the gold has
| been brought to US because IL belonged to MS
| on balance. And inasmuch as We hope to
| have continuance OF His infinite favors,
must not forget to give Hum the credit that
| belongs TO Him.
| THE EBB AND FLOW OF GOLD ACCOUNTED FOR.
| Mr.. Garfield said that gold would leave the
/ country as fast as it could be carried away II
we remonetized silver. Mr.. Porter said that
/ GOLD mad been banished by the cheapentng OF
green backs and found its hiding place beyond
/ the sea, and came back when our money be-
came par. AS each OF these gentlemen are at
the head OF great party, one in the United
States and the other in this state, 1T would be