davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26

the latter no person could be compelled
by law to receive it in payment of
debt, but, as nobody would refuse to
receive it. where is the use of declaring
1t legal tender by law7 The government
stamp and legal-tender quality add to
the convenience of gold as a medium of
exchange, butt they do not add to its value.
With silver. under the present ratio
of coinage, the case is quite different.
The government stamp and legal ten
der quality constitute material part of
the value of the silver dollar-so much
so that twenty coined silver dollars
have an intrinsic value of only about
S12. An ounce Of gold receives no ad-
ditional value by being coined into dol
lars. while an ounce OF silver receives
40 cents of additional value, or. to speak
more precisely, of fictitious value.
If. as Secretary Morton suggests. gold
and silver coins were both deprived OF
their leRal-tender quality and coined
freely under the present ratio, every
body would scramble after gold and no.
body would take silver except at its
bullion or market value. Even silver
producers would make this discrimina-
ton.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26
THE BUSINESS SITUATION,

The country is passing through a
period of hard times. The signs and
effects of it appear in the recent un-
usual number of failures, in the general
depression of business and the strin-
Rency Df the money market. Wherever
one goes one hears the same story
business dull, little or nothing doing.
money scarce. collections hard. general
stagnatiOn. Bank credits have been
greatly curtailed, and when this occurs
everybody feels the effect. The num-
Der of bank failures, although more
than usual. is small compared with the
total number of banks. There is reason
to believe that nearly all of those now
doing business are entirely solvent. but
they are drawing in their loans, increas-
ing their reserves, refusing discounts
and pursuing a very conservative policy
generally. This reacts on business of
all kinds and causes an increasing strin-
gency.
This condition is growth of the last
six months. Without wishing to give
it too distinct partisan aspect, it can
be truthfully said that up to the time of
the presidential election none of the
present symptoms had appeared. and
there was no premOnitiOn OF them. The
country was never more prosperous
than it was during last summer and
fall. 1t was a matter of frequent re-
mark that the president ial campaign in
terfered much less than usual with busi-
ness, and the fall trade of 1892 was un-
precedentedly large all over the cOun-
try. This prosperous condition contin-
ued for some little time after the cleo
arrested at once. and the conditions OPP
Grating prior to the election continued
to make themselves felt for some months
afterward. Gradually, however, there
was q Stacking up of business and q
slowing down of the country's prog
ress. A feeling of apprehension
and unrest began to show it
self in business circles in regard
TO the economic and financial policy
of the new administration. Ii was not
so much actual distrust Of Cleveland OF
even the Democratic party as il was un-
certainty. If Harrison had been re-
elected every body would have known
exactly what to depend on. and it is fair
to assume that, with n continuance of
the old conditions and the old policy,
there would have been q continuance of
the old prosperity. The uncertainty as
to the policy of tho new administration
caused by speculation as to what it
beginning of the present troubles. Per-
haps there would have been just as
much uncertainty and unrest in business
circles if the political conditions had
been reversed. If the Democrats had
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26

In an interview on the money question
Secretary Morton. of the Agricultural De-
partment, pronounces strongly against
cheap money. Referring to free coin
age, he says:
Under one condition the absolutely free
coinage Of silver and gold alike might he
agreed TO as q compounds. That Ia. If they
both were deprived OF their legal tender
quality. The stamp of the governments
wonld then signify no more than merely
that the coin was of a certain weight and
hneness. and the people could take which
coin they pleased and refuse either If they
did not like it. The two sorts of coin would
then be placed on their merits and We
could soon lind out what the people want.
This is an original suggestion, and,
while it may not be feasible, it is inter-
estinq. What would be the effect of
depriving gold and silver money of the
leRal-tender qualityf So far as gold is
concerned, it has the same value after
being coined that it has before-no more
and no less. 1t receives no additional
value from the government stamp. nor
from the legal-tender quality. Without
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26
THE PRICE OF INDIGESTION.

Disturbance of Business Resulting from the
Administrations Peculiar Course.
Philadelphia Press
President Cleveland took control of the
governments last March with three great
issues open-the currency. HAWAII and the
tariff
On the currency. the duty of preserving
the gold balance was clear. and every one
expected this TO be done. On Hawaii. an
neXatiOn or proteo'orate was the natural
solution. aud If not this then unmistakabl
action Withdrawing. On the tariff. every
one HAD q right 10 expect that the Demo.
cratic platform would be honored and exe-
cuted, q revenue tariff proposed, and. IN
time. executed. and the decrease or reve-
nue. met by taxing sugar, coffee and tea
consumed by che many or the incomes OF
the few. These issues were clear. Their
solution was unmistakable. Action by the
PRESIDENT wac sorely needed.
Three mouths have passed. The PresI-
dent hes let the currency go, permitted the
reserve to be broken. relegsted It's protoc-
tiOn to Congress three months hence. and
every week has seen the country drifting
on the breakers of financial distress. On
HAWAII. not one. not even President Cleve-
land, seems 10 know what the policy OF the
administration is. protectorate Is dis
avowed, yet the American representative
at Honolulu exerte ali the powers involved
in one. The flag is hauled down. but the
islands not lett free. Delay. rninous
10 lTaue 10 socuIitJ nbu y" VIC prosperity
of the islands. is protracted from day To
day and week to week causelessly. Lastly,
Oh the tariff. the Democratic party IL di.
vided and waits for some word OF direc-
ton. The income tax has its advocates.
30 has sugar tax. The policy Of letting
the tariff alone 10 warmly urged.
Meanwhile the party drifts. The result
is disastrous. Failures multiply. Depres-
sion increases. Factories close. Companies
assign. All because the currency Is not
settled and Democratic victory last fall
unsettled the tariff.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26
LESSON OF A DISASTER.

BRITISH battle ships seem more danger
Gus In times of peace than war.-Kansas
City Star.
THE tragedy is tremendous in its circum-
stances and proportions. for We see that
peace can rival war in terrible destruction
the moro terrible because protitless.
Springfield Republican.
THAT naval disaster in the Medlterra-
mean seems to argue that the ram is the
thing for the swift and sure destruction of
the big, topbeavy iron batteries of the Vic.
toria IS De.-New York Recorder.
THE Victoria was regarded by the British
as q model vessel. and the circumstance of
her laundering may convey suggestions Of
great Importance to the constructors and
commanders of our new American navy.
New York Press.
THE loss of the Victoria creates a pro-
found sensation in England. and doubtless
In all civilized countries where people are
interested in naval progress. The affair
may lead TO the discovery of some radica
defect in the construction of modern first
class steel war vesseis.-Atianta Constitu-
ton.
The moral of 1t ell is that the very quail
tiles that make such ships formidable IN
appearance contribute chiefly to their
weakness. The possibility of reJnrn to
the unarmored type of warship is now
larger than ever. 1t 10 worth notion that
the collision bulkbeads of the Victoria
were not closed prior to the disaster and
conld not be closed after it.-Dally Amer
loan.
1r is q serious question whether naval
vessels of the modern type are likely to do
what is expected of them In the resistant CO
of hostile attack when vessel like the
Victoria sinks like q not when rammed on
a smooth sea. and with none of the excite
ments of warfare to distract attention
from the means that should be taken for
the safety of the vessel and the protection
of it's crew.-Buffalo Commercial.
EVERY step toward discovering the
whole truth about the sinking of the Vic-
toris and about the liability of similar
vessels to sink, will be eagerly watched
here at bone. to the end that If it shall ap-
pear that fundamental mistake has been
committed By the maritime nations of the
earth in modern methods of naval con.
etrnCtiOn and equipment the United States
may be warned In time.-Boston Adver-
tiser.
II may be worth while for the United
States to pause and consider whether the
construction of any more battle ships is
wise at this time. A little less attention to
naval architecture and little moro to the
training of genuine sailors as fighting men
will probably produce navy fully able TO
contest the dominion of the sea with the
unwieldy fort1esses like that which went
TO the bottom of the Mediterranean sea last
Thursday.-St. Louis Post Dispatch.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26
ABOUT PEOPLE AND THINGS.

HARvARD'S class-day poet was William
Vaughan Story Moody. of Lafay cite. who
held an enviable position In the class of 80
QUEEN VICTORIA never reads any docu-
ments or letters, except from her immedi-
ate family, until they haye first been
looked over by her secretary. who has
charge of the royal correspondence.
JAMES PAYNE. the English novelist asks
(Which of all the heroines of fiction, il
you had your choice. would YOU prefer to
take out to dinnerf For himself, he says
that Becky Sharp would be his choice.
Miss MARY PROCTOR Is said to be at
tempting to raise money to purchase lot
and monument for the remains of her
father, Prof. Richard "A. Proctor. the as
tronumer, which now lie In an unmarked
grave in Greenwood
PRoF. JAMES II. KIRKLAND, the new
chancellor of Vanderbilt University, at
Nashville. Is o native of Spartan burg. S. c.,
and thirty -four years Of age. His older
brother. Rev. w. d. Kirkland. is editor OF
the Southern Christian Advocate.
IT Is stated that Senator Stanford loaned
money TO Senators, Congressman and CORE.
spondents whenever they wanted 1t and
never took any obligations of their indebt-
edness. The statement ~ greatly discred-
tied by the fact that he had something left
at his death.
NJ. CARNoT, the President of the French
republic. has been unable to entertain dur
ing the past winter on account of his poor
health. He has decided TO devote the SUN
OF $40 900. representing In part the cum he
otherwise wOnld have spent on entertain
ments. to charitable institutions and gifts
10 the poor.
Mrs. STANFORD. when thanked recently
for the great work done by her husband
and herself in founding the university at
Palo Alto. said: DO not call it kindness
on our part; We should not be thanked, for
the reason that we had to sacrifice nothing.
If We had made personal sscrifice TO ex-
able us TO saild the university We might
conscientiousiy accept your gratitude"
IL SAW lying about in my room this
morning" said q man, "a wasp. l tried
hard to Kill him. and we raced around the
room together in great shape. bnt when
ever i brought the newspaper down on the
wall the wasp WAS somewhere else. At
last opened the window, and the instant
] stepped back the wasp swept ont and
away. He was apparently even more glad
TO get away from me than / was to get rid
of him..
ALMOST the sole hereditary trade in the
United States is that of the deep ater
pilot. AT most Of the important seaports
pilotage has been confined for generations
10 q few families. The Delaware pilots con-
gregate ct Lewes. where they have lived
these many generations. To be a deep
water pilot in Delaware Is to be man of
consideration. with houses. lands and port
able goods ashore, n snug home, we'll Glad
family, and local honors of various sOrta
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26

been in power almost uninterruptedly
for "a long term of years, if free trade had
been the established policy of the coun-
try, if the country had enjoyed unpar-
alleled prosperity under the policy. and
if the Republican party haG come into
power pledged to reverse the es-
tablished policy and substitute pro-
lection for free trade, it Is quite
possible there would have been
as much uncertainty and unrest in bust
ness and financial circles as followed
the Democratic victory OF last Novem-
Der. In the present case, however,
there was an additional element of un-
certainty in the doubt whether the VIC
torious party would carry out its cam
paign pledges and promises ornot. Had
it been known to certainty what it
would do the future could have been
discounted and the situation would
have been greatly simplified. But
where nothing is known everything is
feared.
The country, then, is suffering from
lack of confidence caused by uncer-
tainty as to the financial and economic
policy of the present administration.
The money stringency is not due to lack
of currency. but to lack of confidence.
There is abundance of currency in the
country. but those who control it are
afraid to make loans in the present un-
certain condition of affairs. Whatever
tends to restore confidence will tend to
improve the present situation. which
bears about the same relation to
panic that a low fever does
to an acute one.. If Congress
were going to meet next week
instead of two months hence, and if
there could be some assurance that 1t
would deal with the financial situation
in a wise and patriotic spirit. without re-
gard TO partisan. sectional or class in
terests, there would be a rapid Improve
ment in business. The resources of the
country are SO unbOunded and its recu-
perative power SO great that IL will not
take much to bring about a restoration
of confidence; and if it shall appear, dur
ing the next week or two, that the move
ment of gold. which has been against us
so long. has turned in our favor, we may
look for q decided Improvement in the
situation, even before Congress shall
convene. All that is needed is a restO-
ration of cOnfidence.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26
THE REPUBLICAN CITY CONVENTION.

mo hurry about municipal cOnven-
every Republican i'm Indianapolis when
the subject is raised. 1t is sound
opinion. Republicans are discussing
the candidacy for Mayor. They are
asking 'Who is the best mani" and
canvassing the merits of those who are
spoken of in connection with the Office.
The longer the candidacy is discussed
the more new men will be talk ed of and
the greater the probability of selecting
man who will command the confidence
notonly of Republicans, but of many
Democrats who are weary of the results
of 1" wide-open town." If the primaries
are called at an early day and the con-
vention is forced to nominate off hand a
few men who have made up their minds
may nominate a man who cannot COM
mand the vote which is to-day hostile
to the rule of Sullivan and Buskirk
Milwaukee Republicans have set us
an example. They did not hold
their municipal convention until
a week before the election, but
they carefully and seriously con-
suited together to find the man who
would command the confidence of tax
payers. Naturally, the man selected
was not an aspirant, but, on the con-
trary, it required much persuasion to
induce him to accept the nomination.
When he consented he was nominated
by reclamation. and his name was
stronger than his party. His business
capacity, his public spirit and his record
as a citizen proved a rallying force far
more effective than the ordinary can
VASES of months with an ordinary candi-
date. What has been done in Mil
yankee can be done here. There are
scores of men for whom a majority of
the people of Indianapolis, including
the whole Republican party, will vote.
They will not make contest for the
nomination. and, in fact, it will require
some persuasion to induce some of them
to make the sacrifice which accepting
the office of Mayor involves to most men
who are best qualified for the position.
Now that people are discussing the mat
ter the chances are that much stronger
candidate will be selected If the cOnven-
ton shall not be held until late in
August. Indeed, as public attention
will be absorbed by the encampment,
why not wait until the second week of
September for the primaries and con-
vention? Then there will be a month
for canvass.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26

A SUGGESTION in the New York Tribune
that statue to Washington Irving should
be erected in Central Park has elected
warm approval from several quarters. One
writer whose letter is dated at Catskill, n.
Y, says: "As pen you these few lines
Am looking out on the old Catskills, not a
dozen miles away, made famous as the
abode of Rip Van Wrinkle. and when the
lightning flashes and the thunder rumbles
through these hills. you can almost fancy
that Hendrix Hudson and his goblin crew
are still at their iDterminabls game of
ninepIns" Another writing from larry
town. speaks for the people of that local.
ity, who. he says. ARE deeply interested ia
tho proposed memorial to the great author,
whose glowing pen has clothed this region
with the glamour of romance and invested
the borders of the noble Hudson with his
torio interest" No doubt these expres-
sions will meet with hearty approval
throuRhout the country. Among all the
statues that now adorn or that are likely TO
be erected in Central Park. none could ex-
cite the interest of greater number of per.
SOILS than that of Irving.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26
nored7

AFTER hunt OF more three months,
rolls have found case in which, upon
the statement made by them. a pension
should not have been granted. When
all the evidence is in, however, it may
appear that there was other cause than
loss of hair by typhoid fever. Still.
this one case will afford the pension
hating papers no end of comfort.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26

Kansas City Star
The Indiana Constitution prescribes that
every person of good moral character, be-
ing q voter, shall be- entitled TO practice
law all courts of Justice" On this
clause one of the lower State courts
ruled out q woman who wanted to
engage in the practice of law. because she
was not IL voter. But, nothing daunted.
she carried the case up TO the Su-
preme Court. which held that while the
Constitution declares that voters may
practice law. it does not say that those
who are not voters shall not practice law
and reversed the lower court. The women
in this age of the world are not to be
thwarted I'm the attainment of their am-
bition by such puny thing rs q legal tech
nIcality. and the hair-splitters aud quib-
blers Who wear trousers may as we'll get
out the way.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26

THE Sentinel has been much troubled
regarding the journals standing on the
money question. AS the Journal has no
vote, and thirteen Indiana Democrats in
Congress have and will probably array
themselves against the repeal of the
Sherman act, unless coupled with the re-
peal of the tax on State bank circulation,
to their conversion. twill need its best
afforts
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26

The Republicans elected their candi-
date for Mayor in Milwaukee. Saturday,
because they nominated popular bust
ness man who had to be persuaded by
business men that it was his duty to
take the nomination. Furthermore, the
Democratic candidate was ringster
who had been detected in jobs time and
again. 1t seems that the Republicans of
Indianapolis might profit by the ex-
ample of Milwaukee.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26

The oall upon the President TO convene
Congress without fun Their delay grows more
emphatic every day. Ii comes from every
section of the country. and from men OF
all political opinions. The general belief
that CongressineD are now ready 10 repeal
the Sherman law removes the only excuse
for delay which has been felt TO exist. Sell
dom has President had such an opportu-
nifty to meet public demand and render q
public service as MIR. Cleveland now en-
Joys in the possession of the prsrogative 10
convene Congress at once.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26

and did not constitute grand larceny. and
she was dismissed. Under this decision the
laundry business ought to take q boom, Tor
nobody's clothes belong TO any body In par
tloular and the laundry can hold an auc-
tion and dispose of it's entire intake at any
time without being snswerable in q crimi-
nal court. 1t is little inconvenient for
people who cannot do their own washing.
but we are a law abiding people. who get
our laws from the lawyers themselves. and
there will probably be no complaint.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26
REPUBLICAN EDITORIAL ASSOCIATION.

At the request OF large number of the men,
bers Of the Republican Editorial Association. the
Executive committee has changed the place Of
lhe July meeting from Warsaw to the Indiana
Building, Chicago. The meeting will be held
during the last week of July. Full particulars
as TO the time of meeting. programme. hotel
rates. special courteses to be extended and other
Information will be given the members by letter
b due time. All Republican editors of Indiana
IRE urged to arrange to be present
r. A. BROWN, Franklin, President.
j. A. KEMP, Salem Secretary.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26
A Red brick Drealn
Correspondence Boston Transcript.

Correspondence Boston Transcript
Secretary and Mrs. Gresham have taken
n lease on one of the most beautiful houses
In WashIngton-fhe Belden Noble house
at the corner of Massachusetts avenue and
Eighteenth street. 1t Is q dream in red
brick. and. AS a writer in Harper's Maya
zine once said OF IL, all that was needed TO
make IL a gem of beauty was that it should
have been of stone instead of brick. The
original owner aud builder was the cele-
brated paper collar manufactures, Belden
NnhIa
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26

A DEMOCRATIC paper In the East says
that Mr.. Crisp would be dropped as
speaker because of his noncommittal at
titude on silver if there was any other
Democrat eonspicuously fitted for the
position. That is sad confession re-
gdrding Democratic Honse. Why is
the capacity of Mr.. Bynam thus ig-
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26

WHEN Secretary Morton assailed the
Populists of Nebraska and Kansas and
declared that the Democrats had had
enough of them, he forgot that the
Cleveland party will have q big fight
on its hands year hence, and without
the Populists can have no hope of hold
ing its strength in the House.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26

THOSE peop.e vino INSIST that the traf-
&c in wind wheat in Chicago depresses
the price throughout the country are
now forced to confront tile fact that
prices rule relatively higher in Chicago
than in any wheat confer in the country.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-26
Uuintendsd Cruelty.

"How could you be cruel as to ask Mr..
former to slice the ham at the picnic yester-
day!"
'Good gracious. Why moth He is not Mo-
hammedan, Is he!"
mo; but since he had to leave the stage to go
to clerking the sight OF q ham awakens too
many painful memories"