The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-08-30


apt to stimulate, too much Will stupefy
and Destroy" Uaughter) The debase-
ment of the coin proposed, Mr.. Cock
ran said. would have the result OF re-
ducing the debts TO the amount of 45
per cent Tho gentleman from Ne
braska CMr. Bryan assumed that the
loss would fall on the banks. But he
fact was that in the very nature of
things the banks and corporations are
the debtors of the country and the
worklngmen are the creditors. Gentle
men tell us that gold has appreciated.
deny it," said Mr.. Cochran. ''The
Aldrich report shows that never before
In the history of the world did the
laboring man of America receive so
much in gold for his labor
But the gentleman from Nebraska and
the gentleman from Missouri propose by
their plans TO make the bankers of New
York alone n present Of S21, 600 In the
settlement OF accounts with their deposit
tors and to deprive the laboringman of
As per cent. of the value OF his work.
Mr.. Bryan-"Will the gentleman kindly
say how IL is. II his statements respecting
the gentleman from Missouri and myself
are true, that the banks in New York de-
nounce us and Terrence V. Powderly is
with us?" (Applause)
Mr.. Cockran-"I will answer. IT is be-
cause the bankers OF New York have
learned that in business and politics alike
honesty is the best policy" (Applause.)
Cause of the Panic.
He held that these periods Of depres-
sion were without exception due to an
extension. either of the currency of the
country by legislation or of credit be-
yond the capacity of the business inter-
ests to support 1t. The operations Of the
Sherman law. he said, proved the truth
OF the statement. 1t had increased the
volume of currency and now the strin-
gency was upon the country. Mr.. BANDS
proposition to give STA grains of silver
for 651A would be called robbery If 1t re-
lated TO wheat or corn.
The farmer suffered most under the
operations OF the Sherman law. said Mr..
Cochran, in the depreciation in the prices
which he had received for his products
and it was a strange friend of the far
mer, the victim of the act, who desired
a continuance Of the conditions under
which he suffered.
Mr. Cochran eloquently spoke of the
unity Of the interests Of the whole coun-
try, saying I'm reference to the verbal
assaults upon New York that efforts to
sectionaliZe the country on any basis or
any lines had never resulted in benefit
10 anyone.
Gentlemen have appealed to the SEN
timent of the country members as
though their interests were hostile to the
interests of the cities i speak on this
floor as a member from a district in the
greatest city on this continent and |
now say to this house that the interests
Of the city can never be hostile to the
interests of the country: that the exist
ence of the great municipal wealth is
based upon the productive powers of the
laborers of this land who toll in the field
and who dig in the bitches.
"Show me legislation which / am con-
WINGED will benefit the farmer and even
if it cuts down the profit of the banker
or the capitalist 80 per cent. you will
find me voting for 1t.
Opposed to sectionaIism.
Il believe in the statement which Men
tor made TO Telepachus, that 1t is not
the splendor of a city but the prosperity
of the fields that constitute the great
ness OF a nation; not the opulence of its
palaces. but the comfort of its homes.
We have heard a great deal here of sec
tions; OF North and of South of East
and West. and as we have heard it
doubt arose in my mind as to whether,
after all, the victory Of the union was
not a mistake. Are we to be forced to
the conclusion that this country is so
vast, that its interests are SO diversified
and irreconcilable that legislation which
is essential to the safety of urban inter-
ests must be hostile to rural interests?
That things which make for the protec-
ton of New York must necessarily re-
suit i'm the oppression OF Missouri and
Nebraska? | do not believe that there
has yet come time in this country's
history when any attempt to make
sectional feeling has resulted In the
profit of anybody. | hope this attempt
TO revive the prejudices based upon occu-
pations of each Of the sections will be
abandoned by gentlemen when they come
to recollect the meaning of what they
say, and that they will realize that the
fires of this union were stamped out by
marching armies in this country and
that the embers were quenched by the
blood Of the martyrs and the tears of
widows. loud applause)
II prize the citizenship of this country
not because it embraces New York alone.
but because il embraces Nebraska and
Missouri and every section and each of
the territories which is comprised within
this country. New York has no mission
except that she can administer 10 your
necessities and your welfare. She trades
upon your products; she grows no grass
between her stones her mechanics work
at their branches and by Transforming
the rude products of the soil and mine
fits the finished articles and sends all
TO the luxury or comfort Of the human
race Her laborers tranship the freight
and the fruits of your toll from the cars
in whish they come TO her borders 10
the great argOsies of commerce that
bear them across the sea for distribu-
ton throughout the globe; and she
stands upon the verge OF this western
continent with one arm gathering the
fruits of your toll into her lap for dis
9ql qlIM puB oqoI5 Gun L9Ao uonnqIIl
other gathering the golden tribute of the
world to be returned back to you as
reward for what you produce. As you
prosper, she proSpers. AS this nation
grows, she grows. AS this country
becomes great, she becomes great; but
enduring unless Ii be accompanied by
moral progress and moral grandeur and
we who ask you here now to make hon
esty. equity, justice, the distinguishing
policy, ask you to preserve the great
ness we have achieved. which will broad
en- before labor and industry the broad
horizon that even now is ours, and we
will make the march of this country
along the pathway of material develop
ment a long march in the progress of
the human race toward cultivation Of
the virtues that elevate humanity, per-
petuate republics, make the flag glorious
and make institutions perpetual" pro
longed applause and cries of 'vote.'D
Great Excitement.
The excitement on the floor was so
great that Speaker Crisp was compelled
to pass through the aisles and Hobbies
and request members to take their seats
or to repair to the cloak room in order
that public business might proceed. Mr..
Cochran was followed to the cloak room,