The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-10-09

Nearly lofty years prior TO the advent oil the
Republican party poverty and squalor followed
as the results of Democratic legislation, and
panic resulted from the action of the Democracy
of that time But the Democratic party, as
before, laid its hand heavily upon the
prosperity of the country, and in 1916 the tariff
again legislated upon. The country encoun-
tered adversity from that period up to 1861, the
panic of 1857 being one feature of the hard
times, The only assets received by the Repub-
llcnn party on the assignment then made by the
Democracy were bankrupt treasury and pov-
erty throughout the land. The administrative
ability Of the Democratic party was shown in our
then financial condition Under the then exist
ing banking system, based upon wildcat cur
rency,' with no redemption except in particular
cases, people were everywhere losing thelrprop-
erty. So deplorable was the public credit that
the government of the United States could not
borrow $50, 000 000 failed ill effort to get $25
600 0O0 and succeeded only borrowing $l8
0O0OO at heavy discount, part of which
amount went to pay the salaries of Democratic
congressman who, at that time, were given in
definite leaves of absence from Washington
Another of the assets handed over by the De-
mocracy was sectional war for the destruction
of the government This the record of the
Democratic party. 1t was such an evidence
to the world of want of capacity
that no sensible people ought to be willing to in
trust 1T with the administration even of the es-
tate of an individual citizen" On the other
hand, the speaker said, the cry of his brother
Hendricks was Turn the rascals out, let honest
Iuon ii anu OH0 government Will 20 Oh SeFellelN
once more" He proposed to consider why the
Republican party should be turned out
Was it because it had been in favor
of preserving the grandest government
God ever gave to man2 Was it because they
said that power was in the government to pre-
serve its own life and protect its own citizens!
Was it because they had made the government,
so far as its credit is concerned, monument
among civilized nationsl for our national credit
was to-day equal to that of any government on
earth. Was it because they had abolished the
wildcat currency, which required holders of it
to carry about with them detectors in
order to know how much discount there
the bills they held, and had substituted
for that the best currency system ever devised
by mani Was it because they had made good
their promise to the country that that currency
should be worth gold, dollar for doar2 Was it
because they had reached out the hand of
Christianity and civilization so four millions of
respondent human beings who had been man
acled by their slave masters, and had said to
them, Come up to us be freeP If it
Republican party done by which it had
disgraced the American peoplel In what had
they been Deficient Were they to be turned
out because they had tried to suppress polyg
amy In the Territories, and had found the Dem
oeratic party obstruction in their way2
when, in 1861, the Republican party, as the
agents of the people, accepted the government.
they found the aggregate value of the country to
be fourteen thousand million dollars; but under
the protective tariff system and wise system
OF finance. they had helped the country progress
until to-day it has accumulated thirty thousand
million dollars of wealth in excess of that
which it possessed twenty-one years ago.
Our manufactures, meanwhile, have grown
from 143, 900 to 253 900 in number. The capital
invested in them has increased fve-fold since
1861, while their employees receive 1854 900 900
instead of the $345, 000 900 paid in 1861. Under
Republican policy the laborers are receiv-
ing SLIGO, ,000, 600 in excess of that which would
have been paid the same number labor
ers in 1861, under the Democratic system.
In 1861 the manufactured products of the coun
try realized little over two thousand millions,
whereas oday, under the protective tariff, the
zsurn amounts TO five thousand million dollars.
Such has been the growth of the country in wealth
under the Republican rule; but the Democrats
reply, or rather brother Hendricks, replies for
he is the only man the ticket who says any
thing), 1t is not the Republican administration
that has done this; it is due to the fertility OF
the soil, and to the intelligence and energy of
the American people, He would agree that this
was partly the cause but it was only in part.
Under the Democratic idea of protection to
American manufac 1res would have had no
manufactures, but would have been buying
from IRON England to-day as we were in
prices for their manufactured articles
in the production Of which we could not com
pete Take steel rails as illustration: We
paid England $l45 and $3.50 per ton for steel
rails, while now every railroad in the country
can get steel rails for $28 so per ton from Ameri
can mills"
The speaker added that the manufacture of
steel springs and trimmings for carriages was
unknown in this country prior to 1861 while
to-day single State manufactures a greater
quantity of carriage materials than all England
and France together. Would Democrats contend
that this result was attributable to the fertility of
the soil or would they admit that the protective
tariff, by increasing the duty on steel springs
etc, had encouraged home labora 1t was fact
that carriages made exclusively of American
material could be bought for less money than
like article costs in Europe The watch in the
speakers hand, that cost $500 in 1862, could be
manufactured within twenty miles of his home
for $l25. An additional consideration is that
the money is kept at home and not sent abroad
for these purchases.
General Logan next asserted English support
and sympathy with confederates in rebellion was
because of the free-trade section of the confed-
crate constitution, which provided that no tax
or tariff should be levied to foster any industry
or no bonus paid for any manufactures He
charged the Democrats had put in their platform
of to day almost the identical language of the
confederate constitution. and that this had been
done under Southern dictatiou. England now
sympathized with the Democratic party, as she
did with the confederates, because of her belief
that Democratic success will open market for
her products Three Democratic raids upon the
tariff in the Wood bill, the original Morrison
bill and the horizontal Morrison bill
of last winter, had alarmed the cap
italists of the country and compelled
them to withhold investments in manufactures
until they can find what is to be the policy of
the government. 1t is for this reason that
our manufacturing industries are languishing
to day.
In answer to the charge that the Republican
party running the country by holding
he explained that $139, 600 900 of it con
stituted the legal reserve for redemp-
ton purposes, while $242 600, 900 were special
deposits by corporations for which certificates
known the gold certificates" are in daily cir
culaton. The balance is held for the payment
of the interest on called bonds that have not
been presented. OF the whole amount, there
fore. $240 600 900 is practically in circulation
among the people.
Speaking of a free ballot and fair count,
in conclusion, General Logan said
The Republican party gave the colored man