The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-22
Also that 1t VIII De the Big Platform
Plank in 1896 or Split the Great
Parties to sIivers.
FOR THIS COUNTRY FIRST
THINKS CONGRESS TOO LONG HAS
LISTENED TO FOREIGN ADVICE.
Incident Showing How Japan Once
Saved Herself by Refusing to De-
monetize Silver.

MEMPHIS, Tenn, April 21-In an inter-
view here to-day, Senator Harris was
asked whether he thought the Democrats
would be able to organize the Senate next
December He replied:
There will be three political organiza-
tions in the Senate when 1t meets in De-
cember, neither one of which will have a
majority. The Republicans will have three
or four more votes than the Democrats, and
the Populists Will hold the balance of
power. III this condition OF affairs neither
political party can, of itself. organize the
Senate, and. while /, as an individual SEN
ator, am resolved to do full and exact jus
tice to the Populite Senators in the orsanI-
zation, yet will not consent to compro-
mise a single Democratic principle for the
purpose of securing the power to reorganize
the Senate"
What is your opinion as to the DOM
nance of the free-silver sentiment in the
South and West in relation to the campaign
of 1862
1.-THE utilization and rehabilitation of sill
yer to its position money metal and a
money of ultimate redemption and in con-
nection with gold, as the regulator of vol
time amount of that thing called money,
is Overwhelmingly strong in the South and
West, and in my opinion ought to be strong
and conclusive everywhere People should
recognize the undeniable fact that money
is purely the creature of law. 1t is now,
always was and always must be just what
the law of its own country makes it and
when it passes beyond the limits of your
own country, it is not money, but imme-
diately becomes a commodity which goes
on the market at its market value, just as
your bale of cotton, hogshead of tobacco
or bushel of wheat goes upon the foreign
market at it's value.
II assert and maintain that it is the duty
of the Congress of the United States to
establish and maintain a financial system
responsive to the necessities and conven-
fence of the 10000, 600 people that we repre-
sent without regard to the outside world.
Silver must have it's place in the policy of
this country and the parties of 1896 may we'll
look to it as an issue that will not down,
but must be heard and answered"
Now, as to the question as to whether
the United States should establish its
financial policy in conformity with the
financial policies of other commercial coun-
tries or policy which will meet the neces-
stiles and convenience of it's own 10000 :
0G0 of people. want to suggest that 1
got up the statistics in the latter part of
the year 1893, showing the results of our
foreign and interstate commerce for twen-
ty preceding years. The balance of trade
with other countries was against US only
four of the twenty years and aggregating
for the four years less than $4,000, 000 while
for the sixteen other years of the twenty
the balance of trade was in our favor,
averaging over $10,OO0,000 a Year.
While would be glad to have an inter-
national agreement to utilize all the gold
and all the silver of the world at an
agreed ratio, l am ready to establish
financial system for the United States
which does recognize both metals and
makes them legal tender money for all
purposes and admits them to the same
rights Of coinage. Up to 1870 gold and silver
held their respective places, as the money
metals of the world. but in 1873 the capital
istic influences not only of the United
States, but of the commercial world, de-
cided to double the purchasing power of
their capital by demonetizing one or the
other of the money metals, no matter
which, SO that demonetizing either one the
volume or amount of money would be re-
duced one-half which would double the
purchasing power Of every remaining dol
lar
Capital has leisure capital has inf1u-
ence, capital has power, but unfortunately
capital has no conscience. Capital had sill
yer demonetized when 412k grains of stand
ard silver dollar worth on the markets
of the world 8 cents more than gold dol
lar, and capital and it's cohorts are now
rampant in urging the adoption of the gold
standard and reducing everything to that
gold standard