The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-10-29
II Democracy Is succfsSful aud Carries Out III
Announced Intentions state Banks
Can Be Started at Once.
Ex-Governor Porter Addresses Two Dig
Meetings at Cicero and Arcadia.
Government Clerks Slow in Taking Advantage
of Their Right to Go Home and Vote
Chsuncfy II. Depew;O Yale students.
WORTH THINKING ABOUT.
General Coburn Raises New Point on n


General Coburn Raises New Point on tho
State Bank Question
Special TO the Indian apos Journal
BELLEvILLE. Ind, Oct. 2S-tsen. John Co
burn addressed large audience here to- /;
night In speaking of the resolution In the 1
Chicago olatform Of the Democracy in
favor of repeating the law of Congress FIX
ing ten-per-cent- tax the circulating
notes of State banks be said:
This repeal viii let loose at once a food Of de-
credit or value beyond the bounds OF the State /
where it is issued. That experience in I
Indiana. Before the war we had the best state
banks IN the Nation, but our bills were DIS.
State and were uDcurrent IN the East and south.
The money OF our free banks WAS still furthsr
from L cent below par TO 5. 10, 20, so. 20 andi
80 cents below par and even TO no value at all. /
Many millions were lost TO the people by these I
banks
The passage OF the ten percent tax law by j
Congress did not repeal the laws OF the various 4
States providing for all kinds of local banks. 4
acting under general or special charters. These
laws are still IN existence. And when the tax -
taken OFF their circulation they will have the
right TO issue again on the country, without any
further legislation, millions OF bills. Many OF \
these laws were passed in reckless haste. or un- /
protection 10 the bill-holder The very same in (
stitutions which flooded the country with .'shin- 4
plaster" bills VIII open shop again and Go q
vastly profitable business In swindling tine peo-
pie with a worthless or deprecated currency.
These local banks will spring into activity. will
revive when the tax is taken of their circula-
ton, the weeds grow up In June, or flies and 1
mosquetoes swarm and snakes crawl out in Au- /
gust. The whole brood OF evils will ipfost the 4
Nation such cursed before fhe var cur
reucy of greenhacks and national bank pofes I
was issued on a s0und basis.
IL would be just as wise TO destroy our rai- !
roads and go back TO OK wagons as TO return 10 I
state bank currency under all the vicious laws /
now In force. We may as well abolish the tele-
graph and go back to the old horseback male as
TO revive the 0Id-fashioned local banks under |
state laws. That ten-per-cent. tax law should |
never be repealed. and the Republicans viii
Mr. Cleveland has the audacity, In the face OF
the plain resolution of the convention that nomi-
mated him. 10 talk In his letter OF acceptance as
IL the question was open, after the repeal or the
tenper-cent law, to State legislation. declaring 1
that this ought to be sound principles. He
knows very well that these vicious financial sys-
tens now exist; that these charters are IN force
all over the Nation; that they are merely dor
mant; that they win inevitably spring into ae-
down and leave down the fence by repeal,
without one safeguard In the way OF the flood OF
pest!entiai hank notes that fy from thousand
localities. This dangerous, this fatal S,roposi-
ton is before US. Democrats never stood on Il,
or in favor of IL. before. VIII men OF good sense.
sound Judgment and business ssgaoity do it
nOwl 80 zS7s7ssess7
When the mill-dam is torn down. the waters
run every where, at wil when the fence is torn
when the sheepfold is burned down the wolves
do not wait for another TO be erected. The DEM
ocratic leaders propose 10 tear down dams,
fences, barriers and safeguards, with 90 power
TO restore them, or TO avert the dlreful conse-
quences. On the other hand what warrant have
We 10 believe that our future state legislation
will be better than the pastl We have had too
much OF sad experience on this currency ques-
ton to launch into this unmeasurable sea or
or compass. Why should any Democrat who de-
sres stability in business act with his party
leaders in destroying the prosperity OF the
country
Porter's Enthusiastic Meetings.
Special 10 the Indianapolis Journal
CICERO, Ind, Oct 2S-The most success
full meeting held by the Republicans here
thus far during the campaign Was the Por-
tor meeting last evening. The place of
meeting was packed and fully one-half the
crowd coming 10 hear the Ex-Governor
were compelled to 60 away. unable to gam
admitance 20 the hall. Governor Porter
spoke for fully two hours. The speaker
gave especial attention TO the proposal TO
return to the wildcat" currency Of former
Democratic times. and In mastely man.
ner, showed the evils that would
result to the farmer and la
boring man If the currency plank
of the Democratic platform be adopted.
HIS tariff arguments were clear and con-
else statements of facts, and by far tue
most lucid and convincing heard here dur
ing the campaign. Judge Dan W auph made
o short speech at the close of the meeting.
arraIgping the Democrats for failing to full
fill their promises while having great
majority in the last Coneresa lie also
called attention to the fact that oil the ap-
preparation measures before the last ses-
sion of Congress, for the benefit of the
South, were increased. while those OF the
nj n
The grandest Republican rally OF the
campaign was held at Arcadia yesterday.
| From early in the day until noon deiega-
| tions from various parts of the county con-
| tInued 10 pour in until a column OF more
than o mile long was formed, and paFaded
| the town. Without any exaggeration the
| crowd outnumbered that of the Democratic
| barbecue of last week. Governor Porter
and Hon. w. Il. Fishback arrived Oh the
| noon train. and were taken 10 the grounds.
| whey they addressed a crowd of more than
| five Thousand people. The celebrated
quartet of singers was present. suo enllv-
ened the occasion with campaign songs.
Kenworthy's Big Audience 1T Fairmount
| Special 70 the Indianapolis Journal
| PARAMOUNT, Ind, Oct 2a-The great
rally set for this date is without parallel
for years past in point of numbers and IN
terest In this portion Of Grant county.
Hon. w. s. kenworthy. of Iowa.
arrived shortly after noon and
was received at the station By
several thousand. comprising marching
clubs. bands aud uniformed citizens. and
was escorted 10 the fair ground. where
other thousands awaited HE coming. So
dense was the throng that il was difficult
to reach the stand. which was erect
ed in front of the large amphi-
theater. The latter was packed with peo-
pie. and thousands stood about the stand.
| Hon. M. :. Friend Introduced the speaker.
I MIR. kenworthy. after some remarks conn
plimentary 10 the interest manifested by
Republicans evidenced in the presence
of the vast ssemblagc. plunged into
his subject. From the start he CON-
manded the closest attention. and for
two hours, notwithstanding heavy wind
and much dust flying. he held the audiencs
by his logic and eloquence. His address
was greeted at times with uproarioQs np-
piause. Republicans were never 80 en-
thnsiastic as they are tonight and nov os
| more confident OF succeos-
Made Polisics Oot of It
| Special 90 the Indianapolis Journal
FRANKLIN. Ind. Oct 2S-ThrouRh the
cooperation OF II. A. Brown. trustee, and
the teachers of the nine district Of Frank
lin township. this county, il was arranged
that Columbia day should be appropriately