The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-10-20
HARRISON SPEAKS
To Six Thousand People Yesterday
at Fort Wayne.
PUBLIC BUSINESS is PARALYZED
By the Uncertainty Existing as a
Result of the Present Democratic
Administration The Hard Times
Has Reached the Peoples Pocket.
books-Pienty of Money, bat No
One Ia Willing 60 Inyest TIA Fine
Address.

FoRT WAYNE, IND., Oct l9.-At.er a
day Of phenomenal audiences, General
Harrison arrived at Fort Wayne about
an hour later than schedule time, to
find crowd that exceeded anything he
had. previously seen on this or his last
weeks trip.
AT 8 o'clock he was waited upon by
the committee and attended by an in
formal procession, escorted 10 the skat'
ing rink, In which were six thousand
people.
Hon. Charles D. Everett introduced
General Harrison, who said, in SUBJ
stance:
We have had, and We are still in the
shadow OF very evil times. The far
mers have felt them; the merchant has
felt them; above all. the man who was
dependent upon his daily wages for his
living has felt them, because when he
has lost his job he has lost everything,
whereas the merchat. when his goods
were marked down, had still something
left
In the first place, I want to say that
In my opinion it was not one OF those
panics which sometimes come from
over trading and over speculation.
DID NOT COME FROM oyER.sPEcuLATIoN.
In the panic OF '734 the courts Of our
country were crowded with collection
sui!s. Men were being sued on notes
and mortgages were being foreclosed.
It was not over.trading aud over-specu-
lation; it was not wildcatting In busi-
ness that brought this panic upon US.
Ifit had been. we would have aeen the
necessary incidents and coHiitants
OF that sort OF things 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. Under
what is known as the Sherman law.
under which we bought four and half
million ounces OF silver every month,
we issued large amount Of what was
called treasury notes so that the money
in circulation had been increased by
about one hundred aud fifty millions.
The money in circulation had also been
enormously Increased by the reduction
OF the surplus in the treasury. You re-
member my Democratic friends you
made campaign upon the theory that
the country was being ruined be-
cause there was so much sur
plus. That surplus had been
by the purchase of government bonds,
reduced enormously and the money was
out among the people doing it's work.
And then by the increased pensions
an enormous additional amount OF
money was put in circulation among
the people until our Democratic friends
changed the form OF the indictment
against us. They indicted US first for
having too much in the treasury and
now they say We left too little.
NO BUSINESS BEING DONE.
Ny point Is that the money in circu-
latiop was so largely increased that II
could not have been lack Of money
that brought the panic on. 1t was not
any lack OF confidence on the part OF
the people in the money that
was 10 circulation. It was one OF
the curious features Of that
panic that men who had money
and went to bank to get it did not care
much what kind OF money was paid
them. They did not stop to look at II
but Just wrapped it up in newspaper
and took II home and hid it under the
bod or took 1t TO saving deposit COM
pany, hired a box and stuck 1t In
there. The result was great scarcity
of money, but presently the people got
over their fear Of the banks aud they
brought the money back. But the
banks could not make any use OF it.
Nobody wanted it. There was no busi-
ness being done.
All OF our banks have been filled with
money belonging TO people who did not
want to use it. What was this expecta-
ton Of evil, this dread Of a catastrophe
which came upon the people Of this
country, and which Is still more or less
upon them. 1t was the uncertainty
that the Democratic success OF 1892 iu-
troduced. The Democrats said they
were going to destroy this protective
system. They were going to tear down
this house that had sheltered US. From
that time to this tho people have just
stood wondering, fearing, dreading what
might be done on that question.