The herald., 1894-10-20
THE MAN WITH THE HAT.

Phcnom snaI Audiences Listen to His
sophisticni Arguments.
Fort WAYNE, Ind, Oct. 20.-After q
day of phenomenal audiences, General
Harrison arrived in Fort Wayne about
an hour later than he expected, find
ing crowd that exceeded anything he
had previously seen ON this or his last
weeks trip. The sidewalks and streets
out to the carriages which bore the party
to the Aveline hotel, were densely
packed with people who kept up . con-
escorted Immediately after reaching ths
hotel to the balcony, from which he
epoke to crowd Of fully $4,000. This
was another speech outside OF this sched-
ule, arranged specially for the benefit OF
the farmers who could not stay for the
night meeting.
At O'Clock he was waited on bv the
committee and attended by an informal
procession and escorted to the skating
rink, at which 5000 people had sand
wiched themselves to hear the great
Indianan. When he entered the nall
an extraordinary scene enBued. The
great building shook with appliance.
Hon. Charles D. Everett, chairman of
the county committee. introduced Gem
eral Harrison, who eaid in substance:
My fellow citizens: When we have
q debate on l always like to fnd in the
first place the points of argument, SO We
may go on to discuss these things hbous
which we differ. 1 find there is very
general argument among Republicans
and Democrats upon two propositions.
One is that we have had very wide and
disastrous panic, in which all our peo-
pls have shared the second is that one
party or the other, Democrats or Eepub-
llcans, are in a considerable measure
responsible TO the people for these evil
times.
Now, that makes the discussion
easier little. We have had. and VS.
are still in the ehadow Of, very evil
times. The farmer has felt them, the
mercha ant has felt them; above all, tho
man who was dependent upon his daily
wages for his living has felt them, be-
cause when he lost his Job he lost every
thing, whereas the merchant when hia
goods were marked down had Gtill
something left. There we're one or two
features of the panic that l want TO talk
to you about. In the frat place l want
to say that in my opinion it WAS not one
of those panics which sometimes come
from overtrading and overspecu!ating
it was not a relapse from some balloon
enterprise that we had entered into.
We have had such panics as that in thin
country, and they were always charac-
terized by great deal of litigation in
our courts. Ia the panic OF 1873, when
the courts of all our country were
crowded with collection suits, men were
being sued on rotes and mortgages were
being foreclosed. 1t was not that stal0 of
things that characterized this panio
through which We have just gone. IL
was not over-trading and over-specula-
tions, it was not wild eating in business
that brought this panic on lis. II it had
been, we would have seen the necessary
incidents and concomitants OF that sors
OF thing in the collection OF notes and
foreclosures of mortgages all over the
country.
when this panic began We had more
money in circulation per capita than We
have had for many years. This had
come about in this way: In the first
place under what is known as the Sher-
man law. the silver purchasing law un-
der which we bought 4,500. 900 ounces OF
silver every month, we issued large
amount of what WAS called treasury
notes so the money in circulation had
been increased by about $3.50, 0,000,0 900 by
this new currency that had been put out
among the people.
THE money in circulation had also
been enormously increased by the reduc-
tion Of the surplus in the treasury. You
remember my Democratic friends-I
hope we are oil friends-you remember
when they made campaign on the
theory that the country was being ruined
because there was SO much surplus.
They said: You have taken this money
out of the pockets OF the people and
locked it up, and it is not doing anybody
any good
THAT surplus nsd been, by the pur-
chase of government bonds, reduced
enormously, and the money was uut
among the people doing it's work. and
then by the increased pensions--which
am glad to say q Republican congress
voted and l approved with pleasure and
never spoIogized for-Rn enormoes i'd