The Indiana State sentinel., 1893-07-05
NO POPULIsT IDEAS
Will Govern Our Financial Legis-
latiOu.

lauOu.
WASHINGTON, June 29.-Secretary of
the Navy Herbert, who is thoroughly
familiar with the populist movement in
the South, said today that he thought
the populists were not now making any
progress I'm the country. and that the
teachings Of those engaged in the agita-
ton would not have any influence in
shaping the policy of the democratic
party.
In Alabama" he said, there is still
considerable activity among the popu-
lists, growing out of local causes anu
local in its effect. The populists In that
section claim that they We're not given
a fair opportunity I'm the last two demo-
cratic conventions; they were not salts
fed with the rulings, the organization Of
the convention and the like; and they
are now fighting that over again. In
deed, a large number Of those who op-
posed the regular organization in Ala
bama do not claim 10 be popullsts, but
still claim TO be democrats. This quarrel
causes considerable disturbance. but it
is entirely local. and in spite of this
added interest the movement appears TO
be falling off in Alabama, and in other
parts of the South the party's disin-
tegration is more apparent"
''Do you think the demands OF the
popuhsts and those representing that
general idea will strongly influence the
policy and action Of the democratic
party?" was asked.
mo; on the contrary" the secretary
replied, Il think that the element which
has been drawn off from the democratic
party by the populist movement has left
the party organization through the
South much more strongly in the con-
troll of the conservative clement. Those
who advanced the untenable doctrines
OF the populists on the money question
have formed themselves into third
party. which democrats have to recog-
nize antagonistic party. They can
no longer advocate their theories in the
democratic councils. and as a third
party they are not strong enough to be
dangerous. That party organization
which determines the nominations of
democrats TO congress and takes part in
the making of presidential candidates
and presidents will be all the more apt
to adhere TO sound democratic princi-
Piles and stand by a sound financial
who have gone into the third party
places the democratic organization more
in harmony with the policy of the ad-
ministration. 1t is on this organization
that our men in congress will have to
rely on at home for their nomination and
election"
What do you think of the present
situation as to silver?'
II think that the stoppage of the coin
age of silver in India is the greatest
blow that has been given to the Sherman
law and TO the free coinage of silver.
The free coinage of silver in India has
been pointed to as an object lesson by
the advocates of free coinage in this
country. For ten years men in congress
have drawn one lesson and another from
India, looking at il from different points
of view. 1t has been urged upon the
farmers that India had an advantage
over the United States in a higher price
for wheat because the currency in India
was all silver, ignoring the fact that
while they might get more for wheat in
their own currency, the price in gold
was no greater and the commodities
they bought with the money they got
for their wheat had to be paid for on a
gold basis and still further overlooking
the loss through high exchange, another
argument often repeated still in support
of free coinage in this country. But the
converse of this has been for years that
the reason for the heavy cost of ex-
change between India and England was
that it was kept up by England for the
benefit of English merchants that they
might sap the very life out of India
Now the coinage of silver there is vol
UNFAIRLY stopped with the consent of In
dia, and it tumbles over both these argu-
ments-that the silver currency was a
benefit to the farmers of India and that
| the exchange was on a system for the
| benefit of England"
do you think the silver question pre-
| sents a serious danger to the democratic
party at this timer
II think we have reached a crisis and
that the party in power will be judged
| by the wisdom II shows in giving the
nation a sound currency"
Senator Teller Not Discouraged.
DENVER. June Ex-senator Henry NJ.
| Teller this morning said: The action of
the government of India ought not to
| have depressed silver to the extent that
it seems to have done and think that
| the fall in silver has resulted largely
| from Misrepresentation on the part of
| the people of the East as to what action
| the Indian government will take. | no.
/ ticed in the papers of Tuesday that Mr.
| Ieech and Mr. Cannon are reported as
| saying that India will cease to take sill
yer. The fact is if the mints are closed
/ TO private coinage 1t is the intention of
| the Indian government to purchase sill
yer and coin ii on account of the govern
ment in the same manner. practically.
as we coined under the Bland act, and
| this is no reason to suppose India will
| not take as much silver in the next year