The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-10-25

afford to presume that Secretary of the
Treasury would violate so plain a statute
as this one.
WHAT SILVER HAS DONE
Silver, since 1873, has not had an equal
chance with gold and yet silver has done
for the American people. in twenty years,
more than gold has done in all our national
life. Gold never paid off dollar OF our
debts ecept for value received-full value
at that. while silver has turned into the
national treasury. where IL has been used
in PAYING our national debts over $1,000
600 of profit. while there remains in the
treasury uncoined S55,co0.0OO more 10 be
debts so soon as ii shall be coined and set
free The enormous sum of S134.000OO0 OF
proht, arising from our silver policy, is an
object lesson that even the children can
never forget. 1 deny the right OF any man or
party to abuse silver in the light of these
facts. The Sl3i.0Oe,0 900 of clear profit TO the
government is perfect estoppel TO the
charge that silver is not the equal OF gold.
Silver has proved itself TO be the Nancy
not only maintained itself at par, but il
mas mas turned into the treasury a profit OF
Permit me to say I did not use the word
spoil in connection with the words
either Of the money units 1 used the
word "demonetize." the word spoil being
bers of Congress by what they do. not by
what they say. To talk is easy; il is the
votes that bind the people. Mr.. Reed and
Mr.. Walker. of the House. are in favor OF
gold. They demand that everything. in
Guiding silver, shall be measured in value
by gold. They are. therefore, not bimetal-
including our silver standard money"
shall be measured in gold Senator Sher-
man said, only the other day, that he was
in favor OF limiting the coinage of silver,
and. therefore. in favor of repeal.
When the Bland law was being consid-
cred Senator Sherman predicted that its
enactment would drive gold out of the
country. The bill was enacted and the re-
suit proved that even Senator Sherman
could be badly in error. The gold supply
never increased fast under the Bland
law. The loss of gold in 1890 and 1893 was
well-informed student will admit that the
causes had no relation whatever to silver.
Failures in foreign governments and a
ance of trade demand were the causes.
There is an imperative demand for all the
increased production of our gold and our
follow in the footsteps of the fathers who,
In our national Constitution. granted US
in a national money system. i do not think
Ii wise to change our money system in the
midst OF "a panic, kn9w , tae treasury Try
hind them. for every dollar in circulation,
a gold dollars worth of silver bullion and
the faith and credit OF my country, and
only $l1O,0o00O0 of them in circulation.
also know that there are S346, 900, 900 of other
treasury notes in circulation, with the same
faith and credit of the same country, and
only sS5.000O00 of gold behind them. What
we all want is a stable financial system.
/ am a bimetallist. l believe that the sill
yer dollar in standard dollar just as
certainly a gold dollar is one, and there
fore conclude that If the national faith and
credit and gold reserve of SlOO,0o00OO can
safely maintain at par SAG. 900 OF one
kind Of treasury legal tender notes that the
same national faith and credit, backed up
with a gold dollars worth of silver bullion
for every dollar issued, can maintain at par
other treasury legal tender notes until such
other sdm min and Congress. An adj
ministration and Congress that VIII be OIL
metallist in act as well as In promise-one
that will settle this money muddle In the
light of national honor and fidelity TO the
people. The great mass of our party, yes:
all parties. know the national faith and
credit, backed UP by gold dollars worth
of silver bullion for every dollar or legal
tender treasury notes issued under. the act
of July II, 1880, will make that money abso-
lutely safe, and is the most conseTyauye
policy yet proposed; that II Is inkli(ely
preferable to any substitute that Mr. C3>ve-
land or his party can present, until such
time, after the most careful consideration
by international agreement or by ourselves,
we shall settle the money question ana open
our minis to both coins. If to favor this
makes one a silver monometalliSt, L plead
guilty and invite the editor TO come out
and visit his country cousins and learn
that the woods and prairies are filled with
just such men and women.
The Republicans claim TO be protectionists.
We have protected all other American in
dustries can we afford even as protec-
tionists to remove the last act of protection
to an industry that covers seven sovereign
States and has invested in it hundreds or
millions of money; industry that VIII.
If destroyed, wreck and ruin a whole Sec
ton. Even on this line no sincere protec-
ZIONIST dare desert the silver cause Let US
at least be consistent.
Query: If demanded that everything, In
Guiding silver money, should be measured
in gold, would l not be a gold monometa4-
list? If not, why not?
Frankfort Ind Oct. %.