The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-07-22

bottoms.
Difficult as this work appears, and really is, it
is susceptible of accomplishment by patient and
intelligent labor, and to no hands can it be COM
mitted with as great assurance of success as to
those of the Republican party.
OUR MONETARY SYSTEM.
The Republican party is the indisputable
author of a financial and monetary system
which it is safe to say has never before been
equaled by that Of any other nation.
Under the operation of our system of finance
the country was safely carried through an ex-
tended and expensive war, with a national credit
which has risen higher and higher with each
succeeding year, until now the credit Of the
United States is surpassed by that of no other ma
ton, while its securities, at a constantly-increas-
ing premium, are eagerly sought after by invest
ers in all parts of the world.
Our system of currency is most admirable in
construction. While all the conveniences of a
bill circulation attach to it, every dollar Of paper
represents a dollar of the worlds money stand
ards, and as long as the just and wise policy Of
the Republican party is continued, there can be
no impairment of the national credit. There
fore, under present laws relating thereto, it will
be impossible for any man to lose a penny in the
bonds or bills of the United States, or in the
bills of the national banks.
The advantage of having a bank-note in the
house which will be as good in the morning as it
was the night before, should be appreciated by
all.
The convertibility of the currency should be
maintained intact, and the establishment of an
international standard among all commercial ma
tons, fixing the relative values of gold and silver
coinage, would be a measure of peculiar advant-
age.
INTERSTATE AND FOREIGN COMMERCE, AND
FOREIGN RELATIONS.
The subjects embraced in the resolutions re-
spectively looking to the promotion of our inter
state and foreign commerce and to the matter of
our foreign relations are fraught with the great
est Importance to our people.
In respect to interstate ommerce, there is
much to be desired in the way of equitable rates
and facilities Of transportation, that commerce
may flow freely between the States themselves,
diversity Of industries and employments be
promoted in all sections of our country, and
that the great granaries and manufacturing es-
ADJUSTMENTS Of the interior mayl be enabled to
send their products to the seaboard for ship
ment to foreign countries, relieved of vexatious
restrictions and determinations in matters of
which it may emphatically be said Thine
is money and also of unjust charges upon
articles destined to meet close competition from
the products Of other parts of the world.
As to our foreign commerce, the enormous
growth Of our industries, and our surprising pro-
duction of cereals and other necessities of life,
limperatively require that immediate and
effective means be taken, through peace
full, orderly and conservative methods to open
markets which have been and are now monopo-
lized largely by other nations. This more par
ticularly relates to our sister republics of
Spanish America, as also to our friends, the
people of the Brazilian empire.
The republics Of Spanish America are allied to
us by the very closest and warmest feelings,
based upon similarity Of institutions and govern
ment, common aspirations and mutual hopes.
The Great Republic, Y as they proudly term the
United States, is looked upon by their people
with affectionate admiration and as the model
for them to build upon, and we should cultivate
between them and ourselves closer commercial
relations, which will bind all together by the
ties of friendly intercourse and mutual
advantage. Further than this, being
small co-mmonwealths in the. military and
naval sense Of the European powers, they
look to us as, at least.a moral defender against a
system Of territorial and other encroachments
which, aggressive in the past, has not been
abandoned at this day, Diplomacy and intrigue
have done much more to wrest the of
Spanish America from the United States than
has legitimate commercial competition.
Politically we should be bound to the repub-
=. 49, a. alezozk 49,. a II
communication by ships and railroads should be
encouraged to the fullest possible extent con-
sistent with a wise and conservative public pol
icy. Above all, we should be upon such terms
of friendship as to preclude the possibility Of
national misunderstanding between ourselves
and any Of the members of the American re-
publican family. The best method to promote
uninterrupted peace between one and all would
lie in the meeting of a general conference or
congress, whereby an agreement to submit all
international differences to the peaceful decision
of friendly arbitration might be reached.
An agreement of this kind would give to our
sister republics confidence in each other and in
us, closer communication would at once ensue,
reciprocally advantageous commercial treaties
might be made, whereby much of the commerce
which now flows across the Atlantic would seek
its legitimate channels, and inure to the greater
prosperity Of all the American c-ommonwealths.
The full advantages of a policy Of this nature
could not be stated in a brief discussion like the
present.
FOREIGN POLITICAL RELATIONS.
The United States has grown to be a govern
ment representing more than fifty million
people, and in every sense, excepting that Of
mere naval power, is one of the first nations in
the world. As such, its citizenship should be
valuable, emitting its possessor to protection in
every quarter of the globe. I do not consider it
necessary that our government should construct
fleets Of approved iron-clads and