The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-08-09
Men Who Favor the Single Standard
Pleased with Cleveland's Utterances.
Bimetallisis Disappointed Because the Presi-
dent Failed to Suggest Anything to Take
the Place of the Sherman Law.
No One Deceived by the Effort to Charge
All the Financial Ills to Silver.
Views of Representatives Johnson and Waugh.
Of Indiana, and other Members of Congress
Opinions Of the Leading Newspapers
ROW THE MESSAGE WAS RECEIVED.

ROW THE MESSAGE WAS RECEIVED.
II Pieases the Gold Men, but Dissppoints
Bimetailists-An Indianian's Comm ents.
Special tic IndianaDoIis journal.
WASHINGTON. Aug. S.-President Cleve.
lands message Co Congress to-day a
disappointment TO all who believe in BIZ
mcteIlism-the use OF both gold and silver
as money. His announcement that he
had un til recently intended to call Con-
gress together next month for tariff re-
FORM had it not been for the financial
depression, which made tariff q secondary
consideration, was q surprise. as it was not
generally believed that the President in
tended to hasten the onslaught upon the
couptry's industries.
The arguments and statements IN the
message will not make a vote for the un-
conditional repeal of the silver law. but
the fact that the Presldent is determined
to have unconditional repeal or nothing
has already made an impression. and 10
convincing those most familiar with presi-
Dental influence that unconditional repeal
may be finally effected. even in the senate.
The pressure which is being brought upon
men in both branches of Congress for the
repeal of the silver law by constituents
who are In financial distress. in
the hope that such legislation may
do little temporary good. 10 swaying
even some OF the most pronounced silver
Senators. and the outlook for repeal Is
somew hat more promising.
Indiana's Democratic Senators and her
eleven Democratic members OF the House
have all fallen in line with Presidents
Cleveland, and will vote for unconditional
repeal.
VIEWS OF HENRY U. JOHNSON.
The Journal correspondent. this evening.
asked Representative johnson. of the Sixth
district. what he thought of President
Cleveland's message. and he said: "Mr.
Cleveland's message clearly indicates
thas he is IN favor of o single
gold standard. and it will. therefore. be
quite satisfactory to those who agree
with him In this sentiment To those who
believe. however. In bimetallism. either at
the ratio of 10 to i or at different ratio it
will be the sub bject of ad verse criticism. Is
is evident that In thus declaring for q gold
standard the President has repudlated the
Democratic platform on which be was
elected, which demanded the repeal OF the
Sherman law for the reason that 1t was An
obstacle TO bimetsllism, and declared for
the use OF both gold ana silver as standard
money. He Is also in opposition. of course,
to the last Republican national platform,
which contained an uDmistskable deolara-
ton for the double standard lt isappsrent
that what Mr. Cleveland both desires and
recommends Is the unconditional repeal of
the Sherman act He does NOT employ the
word unconditional but his meaning
10 plain enough without it. The message
sets forth very forcibly the difficulties thau
have arisen under the operations OF the act
named and the dangers that are ahead IL 10
10 not repealed. In this respect IL deserves
cOmmendation.
Il is quite plain that. with the Sherman
act once uncoudition ally repealed, any
haa ant ma t. ma aQ am mat
izing silver no difference at what ratio. will
never become law. for the reason that the
President will undoubtedly veto tt. The
only hope, therefore, OF those who, dread
ing the consequences of an appre-
ciating gold standard and the equally
disastrous effect OF remonetizstion
of silver at the ratio of 10
TO l. nevertheless advocate the use
of both gold and silver as standard money
at the ratio which these metals now sus-
tain to each other In the m markets Is TO have
the whole matter legislated upon at tho
same time and IN the same measure. While
bimetaliism presents some points OF ditfl.
Guilty, and while. even when the ratio 10
once accurately fixed by law, there is still
q liability to fuctuation in the relative
value of gold and silver. / am of the opinion
that. the ratio having once been liked In
accordance with the value OF the metals IN
the markets. this Nation is strong enough
to maintain bimetallism. With the cordial
cooperation of all the people, which in-
ceuters aud the government oihcials who
are charged with the execution of the law,
/ believe we can maintain the two COINS ar
q parity at home. and that they will be SO
received abroad.
"rhe attempt of the President to put the
main responsibility for the present condi-
tiOn of the country upon the Sherman set
will not deceive rejecting people. While
that act has doubtless been one of the
factors that have produced the existing
difficulties. there are many other things
that have contributed 90 10 IN greater do
gree. Among these things may be in
stanced the apprehension of adverse tariff
legislation by the Presidents party. 10
does not seem TO occur 60 the executive
that the wage Garner 10 whom he refers
SO pathotically In his message. has
of our industries than any other
class of our people. The assurance which
he gives that. a little later on In the scs-
sion of Congress. We are TO have tariff 70.
form, will not tend to reassure the manu-.
featuring and business interests of the
country and lsboring classes Tariff re-
form IS rather q vague and indefinite ex-
preston when employed by Democrat
it's use by Mr.. Cleveland only adds to the
uncertainty which Is paralyzing business
and enterprises
"The fight between the single and the
double standards is now fairly on. This
message of the President will help TO de-
fine the Issue squarely. There should be
no more makeshifts, but the whole
controversy should. after reasonable
discussion be settled finally. either in
favor of a single or q double standard.
This is absolutely essential to the proper
adjustment of the business interests and
TO the welfare of the whole people. Mr..
Cleveland rightly remarks upon the su-
preme Importance OF the question, and his
observation that It should be considered
from the plane of the highest patriotism 10
timely. So far Republican Congress-
men are concerned his appeal will not fall
upon deaf ears simply because they differ
with him in politics. 1t 10 now the plain
duty of every Representative 30 address
himself fearlessly and patriotically TO the
solution of the financial question"
REPRESENTATIVES, wAUGB's VIEWS.
Representative Waugh, of the Ninth dis
trict. said of the message; Just having
heard the Presidents message read from
the Speaker table without an opportunity
to read or consider IL. it impressed me as q
strong clear statement of the facts touch
ing the practical operation of the purchas-
ing clause of the so-called Sherman law.
IL is remark able for it's doubts as to the
true cause of the public distrusI
laboring TO lay it onto the sherman
law vet the President Is forced TO say
that the embarrassment from which the
husiness interests of the country are suffer-
ing arises as much from evils appre.
h-nded as thoss actually existing. 10
will not meet the approval of the free
iva faF r.afo in h.