The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-20
FARMERS STAY IN
H00SIER YEOMANRY ENLIGHTENED
AS TO HARD TIMES.
Philosophy Of Becoming Nationally
Hard Up is Expounded From the
Standpoint Of Business Sense
Where the Money is Gone and
Why it Went.

FORT WAYNE, Ind, Oct. 19.-After g
day of phenomenal audiences. General
Harrison arrived in Fort Wayne about an
hour later than schedule time, to find q
crowd that exceeded anything he had pre-
viously seen on this or his last weeks trip.
The sidewalks and streets ont to the car
risges which bore the party to the Aveline
hotel, were densely packed with people
who kept I'D a continuous cheering. The
expresident was escorted Immediately
after reaching the hotel TO the balcony
from which be spoke to crowd of fully
5000. This was another speech outside OF
the schedule, and was arranged especially
for the beuefit OF the farmers who could
not stay for the night meeting. At S
o'clock he was waited upon by the com
mittee and attended by an Informal pro-
cession was escorted TO the skating rink,
in which 5000 people had sandwiched
themselves to hear the great 1ndianan.
When be entered the hall an extraordi-
parry scene ensued. The great building
shook with applause. Hon. Charles ID.
Everett, chairman of the county commit
lee. introduced the speaker.
WHICH PARTY Is RESPONSIBLE.
General Harrison said in substance: My
Fellow Citizens-When we have a debate
on i always like to find, in the first place,
the points of agreement, so that we may
go on to discuss those things about
which we differ. l find there is
a very general agreement now among Re-
publicans and Democrats upon two posi-
lions. One is that we have had q very
wide and disastrous panic in which all our
people have shared; the second is that one
party or the entertainments or Republi-
cans-are in a considerable measure re-
sponsibie for these evil times.
bot ha a 10
easier. We have bad, and we are still in
the shadow of, very evil times. The far
msr has felt them; the merchant has felt
them; above all the man who was depen-
dent upon his daily wages for his living
has felt them, because when he lost his
job be lost everything; whereas the mer-
chant, when his goods were marked down,
had still something left.
NOT DUE TO INDICATING IN BUSINESS.
There were one or two features of the
panic that / want TO talk to you about.
Ia the first place / want 10 say that in my
opinion 1t was not one of those panlcs
which sometimes come from Oyer-trading
and transportation. 1t was not relapse
from some balloon enterprise that we had
entered into. We have had such panics as
that in this country and they were always
characterized bv great deal of litigation
in our courts. In the panic OF 1874 the |
courts of all our counties were crowded |
with collection suits. Men were being
sued on notes, and mortgages were being |
fereclosed.
That state of things has not character |
lied this panic through which we have |
just gone. 1t was not over trading and |
over speculation; il was not wildcattiDg in |
business that brought this panic upon us. I!
If It had been we would have seen the |
necessary incidents ard concomitsnts of |
that sort of thing in the collection of notes |
fnrQ lHErr Of arfc NIL nuer hal
country. When the 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 four and a half /
million ounces of silver every month, we |
issued large amount of what was called |
treasury notes SO that the money in cir
culation had been increased by about |
l50, 000, 900 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.
HAS NO APOLOGIES FOR PENSIONS.
You remember my Democratic friends
j hope we are all friends-you remember
when they made campaign upon
the theory that the country was being
ruined because there was so much sur
plus. They said: '1ou have taken this
money out of the pockets of the people
and locked il up aud 1t is not doing any
body any good.
That surplus had been by the purchase
of government bonds, reduced enormously
aud the money was out among the people
doing its work. And then by the increased
pensions-which | am glad To say Re-
publican congress voted and | approved
with pleasure and have never apologiZed
for-an enormous additional amount of
money WIS put in circulation among the
people until our Democratic friends
changed the form of the Indictment
against us. They indicted us first for hav-
ing too much in the treasury and now they
say we left too little. My point Is that the
money In circulation was SO largely H.
creased that it could not have been lack
of money that brought that panic on. Ii
was not any ack of confidence on the part
of the people in the money that was in cir
Culation. 1t was not because they doubted
the value of the bills or the coin they had
IN their pockets.
TOOK THEIR MONEY AND HID IT.
IL was one of the curious features OF that
panic that men who had money aud went
10 the bank 10 get it die not care much
what kind of money was paid them
whether il was silver certificates or not.
They did not stop 10 look at it bat lust
wrapped 1t up in q newspaper and took it
home and hid ii under he bed, or took 1t TO