The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-08

millions OF our IellON-CltlLenS.
I'VE voted upon n proposition 10 repeai
the tax upon the circulation Of State bank
currency. i believe that our people would
derive more immediate benefit from the re-
peal of that law than from almost any
other legislation that could be had
Against us on the question were found
all the Populists A majority thus consti-
tuted defeated our efforts and the repeal
bill failed. This question is not settled.
OPENED THE WAY TO FRAUD.
I'VE have repealed all federal election
laws. Laws which permitted the interfer-
ence OF outsiders with our domestic al
fairs. and which were used only TO defeat
the will of the people. Henceforth. Georgia,
as we'll as every other State. will manage
elections in accordance with their own
laws, and elections will be free and fair.
1--WE have passed a law which subjects
to taxation by the States more than $780,
100000 which. under Republican laws, was
exempt from taxation. thus relieving, TO
some extent. the burdens of the taxpayer.
We have reduced public expenditures some
SAC. 100000 for the current year
with this record who can assail us?
Our ancient adversary-the Republican par
ty-though not strong in this State, is the
enemy we must meet When Democracy
suffers defeat Republicanism will be tri-
by the Peoples party This organization
has candidates and Ii he's a platform OF
principles. or It's candidates L shall say
1 hope they are better. than their plat
form. That platform contains some planks
which are new and some which are Old.
Those which are valuable are not new,
and those which ale new are not valuable.
Our Populist friends want TO buy the rail-
roads. the telegraph lines and the tsle-
lars necessary to do this does not stagger
them. The great army OF Office holders
necessary to manage and protect these en-
terDriSeS
Populist leaders deal with millions as or
dinary people deal with dollars, and as for
| not done all we hoped TO do, we have done
| more in the past year 10 redress the wrongs
| of the people; we have done more for their
relief than was ever done by any party in
| the same length of time in any country un-
| der the sun. These bold words, yet
| hold myself at all timss ready 10 defend
| them.
Coming into power at a time of panic.
| when business was at standstill, when
| labor was unemployed. wnen our treasury
| was empty, with courage and fidelity We
| entered upon a struggle with the entrnies
of the people; we emerged from tnat strug,
4 the Mckinley law we have greatly reduced
| taxation; we have made living cheaper; We
have, made. all money taxable; we have
| taxed surplus incomes; We have restored
| lie expenditures. and We have declared un-
| organized for the oppression OF the peo-
| pie. On these foundations build our
house, on these issues We go before the
| people. For them we have fought the good
| iigfit;' to them we have kept the faith, and
| Of them we have no fear"
Secretary smiths Speech.
| Hoke Smith was the next speaker
! In opening his remarks the secretary re-
| viewed the financial troubles of the past
eighteen months. and congratulated the
South, as well as Georgia, upon the excel
lent showing made. Therefore, he said, it
was of the utmost Importance to the future
| welfare of the State that in the coming
/ election the, people of Georgia should show
| the world that the wild theories OF the
| Populists had no foothold amongst them.
| Calling attention to the recent exp-rience
l of the great States of Kansas and Colo
| RADIO under Popuistic rule, the Secretary
| asked who wished to see Georgia follow the
| leadership of a Lswelling or Waite Bad
| as the record of the third party in
| the West, the crazy theories of their lead
| ers in Congress were enough to stagger
| comprehension and shock thoughtful men
They sought disbursements amounting in
the aggregate to over $s5Occ, ,00e,cJ0 11e
| people of Georgia could not afford TO in
| dorse such a party. TIE State would be
| disorganized locally and discredited before
the world If it appeared to have even lis
tened to their impracticable theories. Few
| of their beliefs were worthy OF discussion:
but there was one thing which seemed to
have appeared attractive although when
carefully investigated il must be classified
| with their ether theories as almost equally
| wild and impracticable. He referred 10 the
free and unlimited coinage OF silver at the
ratio OF 10 to by the United states alone
and declared 1T to be a plan utterly al
variance with sound business principles and
| frought with incalculable evil. he did moi
| wish his position misunderstood He was q
| thorough bimetallist, strong In his faith
and no one could be more unalterably op-
posed to the adoption of single goio
/ standard. Such course would bring abCu
a contraction of the currency calculated tC
cripple industries and to lessen the de-
mand for supplies. Currency in the United
States had not been contracted, but, on taf
contrary, the per capita to-day was 81. Is
1860.
The Secretary then described the eigh
country. and maintained that the instan'
any of these went TO a premium il would
Contraction WouIG foo% but by pTesersih @ h.
| them upon an equality and by an increast
equal TO the growth OF business and popu
could be accomplished, first, by chansin,
the bullion in silver dollar so as TO re
quire a hundred cents worth of silver il
| every dollar; second, by international agree
ment, which, If secured, would prevent tn
necessity of changing the ratio; or, third. o,
| calling In all money or small denOmln2 tlO1
say SO and less, not consisting o. silver
ami giving silver the right or way. III,
especially urged the repeal of the 10 p-
| cent tax on State banks a remedy with
| in control OF the United States of grea
| value.
| FIGURES JUGGLED.
The Secretary treated the silver question
at length, and then said: 1.-The fear tina
the government Of the United States would
not be able to maintain its various money.
| upon a parity, but that we were upon tn,
point of being forced to the silver standard
materially contributed TO the panic OF las
| year. For the condition OF the treasur,
which led. in part, to this fear, the Repub
lican administration responsible. Ta
whole administration of Mr.. Harrison, wit
the exception of the first year (Which re
ceived it's impetus from the excellent finan
| cial conditions existing at the close of Mr.
Clevelands te-m) was one of falling reve
| nues. increasing expenditures and heav
| expectation of gold. The receipts durlr
the Cleveland administration were Se2 oa0
600 less than during the Harrison admins
| tration, while the total expenditures wer
over S2s1, ,000,000 less. Twenty-Five mflio
in gold were imported into this country /
excess of the amount exported during MI
Cleveand's term, while Mr.. Harrison re
tired from office with a net gold balanc
against us Of nearly $15S.000,000. These fie
ures are startling.
three months of Mr.. Harrison's adninis
tration amounted 10 sSs,CC0,000 while ia
net exports OF gold during the fiscal yea
| ending June 80, 1894, amounted TO bi.f 81