The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-27

An Editor and a ~"Finnncier" Talk to
Pftfsburg Democrats.

PITTSBURG, Oct. %.-This was Democ-
racy's night In this city Candidate for
Governor of Pennsylvania, William NJ.
Singerly. and j. Eckels. Controller of the
Currency OF the United States, were greet
ed by an audience in Carnegie Hall seldom
by the Republicans in this
district at their big meetings. Previous to
the meeting a parade. made up Of the many
Democratic clubs and citizens, headed by
the guests, marched through the principal
streets. greeted by enthusiastic cheers and
red fire. On reaching the hall the entrance
OF Messrs. Singerly and Eckeis was a signal
for applause.
Mr.. slngerly was the first speaker OF the
evening In substance, he said:
are lodging no issues. We are hesi-
tating on no question. We have no apollo
or its platform We are proud of its rec
ord. First OF all. the Democracy killed the
force bill, and IL IL had done nothing else
its record would have been good for that
alone. In Philadelphia and Pittsburg. while
they do not intend TO carry the election by
bayonets, they have announced that they
will have 5000 In the former and 1900 here,
and they propose TO do IL by padded regis
try lists. Our next pride Is the re-
peal or the Sherman silver law. The third
act of grace was the passage of the Will
son bill. Great appiause.) Ii was the first
honest step toward tariff reform since 1e62.
The Wilson bill is not yet two months old
and yet there is no part of tho United
States that mas not found some reviving
pulsation In the tide or trade. The McKin-
ley bill was not a month old wGen the
country was racked with labor troubles,
and in the course of its existence there
were loo strikes"
In referring 10 the 4. r. A. Mr.. Singerly
said ne wanted the American flag to be the
protection or American citizens every
where. out said he wants the flag 10 give
every american the right TO worship Cod
as he pleases. II want no secret society,
no assassin TO hide In the shadow of the
ALaf4 A~.I n - hAD~ -
onspring shall lisp their prayer he said.
w a You 10 stamp II out and grind IL
under your feet. We want no man for
confronted with this question only answers
that he Will enforce the Constitution as he
finds IL. Damn such cowardice-" This SEN
timent was greeted with a roar OF applause.
After Mr.. Singerly concluded. Hon. j.. II.
Isckeis was introduced He p~refaced his
spirit OF absolute fairness matters Of COM
mon interest Referring TO a recent speech
by Mr.. Reed in Chicago, he said:
L deny. upon one hand, that the coun-
try Is sitting IN sackcloth and ashes. and,
upon the other. that the condition which
characterized the months of 1893 and the
early months OF 1891 Is due more 10 The
Democratic party than to that party TO
which Mr.. Reed political zeal
~. ms Thoughtful student of the financial
and business nditions OF the past year.
who will rise above party and view these
questions in the light OF business princl-
Piles. must unavoidably be drawn to the
the distressing condition OF affairs which
we have witnessed all over this land, which
In turn have injured the undertakings of
the capitalist and Withdrawn from the Ia
torer his daily bread. We're the Sherman sill
yer act and the Mckinley tariff law OF
1890 Nr. Cleveland. upon leaving office in
1859. had turned over 10 the incoming adj
minlstration a treasury full TO overflow
ing: upon his return 10 office he received
from President Harrison a treasury almost
depleted. The conditions which had slight
~ manifested themselves in 1890. immedi-
ately after the passage or the sherman act,
found full fruition Immediately after the
condition OF the treasury and It's gold re-
serve became, in 1895. known Infortu-
nately. however, the treasury was so bar
rem OF funds that the administration could
not. as was done in 1873, AMI again in 1851
and 1855. and. to the extent of ninety mil
lions in 1890. purchase bonds, and thus re-
lieve the monetary stringency which was
upon the country. Deprived or such means,
the panic assumed such PROPORTIONS tha
within a period between May 4 and Oct. ;
more than three hundred and fifty millions
OF Individual and bank deposits were with
drawn from she national banks alone. TIC
meet this condition the banks were com
PEELED 10 call in loans and discounts. thus
taking from the active channels or trade
an immense amount OF money. As the
Withdrawals continued the monetary strin'
gency increased. AID the effects were no
ficeable In every line OF business, and par
ficulariy IN eve manufacturing enter
prise Happily for the country. the Sher
man act MAS repealed. and since the date
a. It's repeal The interests most affected