The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-10-31


About Harrison.
Adlai z. Stevenson. vice-president Of the
United States, accompanied by his son
Louis and wife, passed through the city
Wednesday afternoon on the Pennsylvania
road en- route from Illinois to New York.
Mr.. Stevenson was here nearly thirty
minutes and was found in the sleeper
India.
eyes, am on my way to New York,
said he, where 1 shall make three
speeches and probably more. Meetings
have already been arranged for me at
Brooklyn, Troy and Poughkeepsie. 1
have been speaking in Missouri, where L
addressed large meetings in three close
districts. In Illinois the prospects for the
democratic party are most flattering, and
I am confident that we shall elect Mac
Veagh to the senate. There has been, as
you no doubt noticed, a very large regis
tration, and this in Illinois is an indica-
ton that the democrats are taking an in
terest in the election and will be out to
the polls. This will carry the state. Fac
tories are running, business has revived,
wheels are turning. workmen are en-
pioyed and everything is most prosperous
and busy. The future looks bright for
business. and the workmen Of Illinois
have been taught from practical demon
stration that the panic was i'm no way
due TO the victory of the democratic
party.
THE same conditions are met with in
all parts of the country. Within the past
FaTrn
upon Itself a wonderful degree of activity,
and the next year promises TO be the most
prosperous period of the cOuntry's his
tory; prosperous not only for the rich
man. but the poor man as well. This IS
true prosperity.
The longer 1 live. the more experience
/ get, the more I see and the more l find
out all unite in making me more and
more glad that I'm democrat. The
democratic party is that of the people.
The claim has been made that the last
congress did not keep faith with the peO-
pie and that its legislation was not in the
interest of the people or in accordance
with the pledges of the platform.
Now, it should be remembered that
when President Cleveland's administration
retired from power it left as a heritage to
the Incoming Harrison administration
prosperous country and an overwhelming
treasury. Two years before it had been
a VeXed question as TO what should be
done with the surplus. The revenues eX-
ceeded the expenditures by more than
SlO0,OOO,O00 per year. Four years later,
when the republicans, with Mr.. Harrison
of this city at the head of them, retired
from power to make way for Mr.. Cleve-
land, again the question was as TO how
revenue should be obtained to meet the
expenses of the government. There was
a looted treasury. Why, the last repub-
lican secretary Of the treasury, within a
month of the close of the Harrison ad-
ministration stated 10 the ways and
means committee that S50,000,OO0 more of
income was needed to meet the actual ex-
penses Of the government.
What is the cause OF this depleted
treasury and the bankruptcy Of the coun-
try at the close of the Harrison admins
tration? In my judgment it was in
large measure the result Of the passage
by republican congress OF the Mckinley
tariff BILL a law that will go into history
as the browning act Of the bilion-dollar
congress, both branches Of which were
republican.
'As 1 said a moment ago. the demo-
cratic party when Ii came into power
March A. 1898. found a depleted treasury
as the result of the Harrison adminIsCrd-
ton. The necessity for securing sufficient
revenue TO meet the expenses Of the gov
eminent was imperative and there could
be no escape from IL. These revenues
were TO be raised either by continuing the
a moderate income tax upon the earnings
Of wealth, the aggregate of which in this
country exceeds $65 GOO, 100000. 1t was
deemed best and il was a wise decision,
TO impose a tax upon wealth for the bene-
fit Of the masses. OF the 1868 900 600
necessary to meet the general expenses Of
the government during the current fiscal
year it is believed that S30.000,000 Of that
amount can be secured by the income tax
Of , per cent. upon Individual incomes eX-
ceeding $4,000 annually.
ut is claimed that the income tax is
odious; of course il is to a certain extent.
for all taxes are. but it is the doctrine Of
the democratic party as old as jefferson
that the necessities of the government are
the beginning and ending of all just tax
alton.
1T is claimed that the income tax can
not be collected. / claim that this Is
SANDER upon the business men and the
men of affairs N this country. 1t is based
upon the assumption that man who has
an income coming within the provisions
of the law will incur the penalties Of
perjury rather than disclose to the
proper authorities his income. L call
that a Islander upon American man
hood. And history itself contradcts
it, The democratic party has COM
PEELED wealth to pay S3O,000,000 toward
the expenses of the government which
otherwise would be raised bv tax upon
the necessities Of life as under the Nc
kinney law.
THE depleted treasury left by the Har-
risOn administration is being repenlshed
and business Is moving as of ole. The
future is bright with prospects and pros
perity. The people have been taught the
practical lesson that the party of Jeffer-
son is the party of the people and sober
reflection and careful study will maintain
the democratic party in power. L see
nothing discouraging in the outlook. l
should like to see Mr.. Bynum elected and
have enough confidence in the democrats
of the Seventh Indiana district to believe
that they will return to congress as their
representative so able a man as he has
proven himself to be. The record OF aIr
Bynum in congress has been such as TO
reflect great credit upon himself anu the
city of Indianapolis. His return Will be
a grand victory for the people and their
interests"
The train novel out of the station and
Mr.. Stevenson shook hands cordially with
The Sentinel representative. He stood on
the platform for a few moments looking
out upon the city and then disappeared
within the car.
Valuable Papers Recovered.
NEW YORK, Oct. PSI. c. Weir. presi-