The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1894-10-20
NOTHING ABOUT SILVER
EK-Presidsnt Harrison Makes a
Speech 10 a Big Crowd Of
Hoosiers.
But Omitted All References TO tho
Subject OF FREQ Silver
Coinage.
Though Thst IL the orsat Question Of the
Tlms-us IL on Record
for Geld.

Fort Wayne. Ind, Oct. 19-After a
day OF phenomenal audiences General
Harrison arrived In Fort Wayne. nnd-
ing a crowd that exceeded anything
That he had seen on this or his last
week'a trip. The sidewalks and streets
out 10 the carriages which bore the
party TO the Aveline hotel we're denaely
packed with people who kept up n CON
tinuous cheer. The ex-presidcnt was
escorted Immediately after reaching
the hotel 10 the balcony, from which
he spoke 10 a crowd OF fully 5000. Al
s o'clock he was escorted 10 the skat-
ing rink, In which GOOO people had con-
gregated. When he entered the hall
the great building shook with applause.
Hon. Charles ID. Everett. chairman OF
the county committee. introduced Cen
erai Harrison. who spoke at consider
able length. Referring 20 the recent
panic he said:
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
Sherman law, the silver purchasing
law, under which we bought 4.5OO.OOO
ounces OF silver every month, we is-
sued large amount OF what was called
tTasury notes, 80 the money In circula-
tion had been Increased by about $780,
100000 by this new currency that had
been put out among the people. The
money In circulation had also been
enormously increased by the reduction
Of the surplus In the treasury. You re-
member. my democratic friends-I hope
we are all friendB-you remember when
they made the campaign on the theory
that the country was being ruined be-
cause there was so much surplus. They
said: You have taken this money out
OF the pockets OF the people and locked
1t up, and 1t is not doing anybody any
good
THAT surplus had been. by the pur-
chase OF government bonds. reduced
enormously and the money was
out among the people doing its work.
And then, by increased pensions
which am glad 10 say approved with
pleasure and have never apologized for
An enormous additional amount OF
money was put In circulation among
the people until our democratic friends
changed the form OF Indictment against
US. They indicted us for having too
much In the treasury. and now they
say we left too little. My point Is that
money In circulation was so largely In
creased that IL could not have been
lack OF money that brought the panic
on. IL was not any lack OF confidence
on the part OF the people In the money
that was in circulation. IL was not be-
cause they doubted the value OF the
bills OF coin they had In their pockets
1T was one OF the curious features of
that panic that when men had money
and went 10 bank TO get II they aid not
care what kind OF money was paid
them-whether silver certificates or
not. They did not stop 10 look at IL,
but took II home and hid II under the
bed, or took IL TO a savings deposit
company. The result was great scarcity
OF money. but presently people got over
their fear OF the banks and they
brought the money back. But the
banks could make no use OF IL. Mo-
body wanted IT, There was no solvent
borrowers who could sfse money, and
from that time 20 ytflis. this has been
the situation OF oNlr country. All our
banks have beon filled with money by
people who lld not want 10 use IL.
What Ia the cause of all this? IL was
the uncertainty that democratic sue
cess of 1892 introduced. The demo-
Gratis said they were going TO destroy
this protective system. They were go-
ing TO tear down this house that shell
tered us. From that time 20 this peo-
pie have stood wondering, fearing.
dreading what might be done on that
question"