The Indianapolis journal., 1895-08-22
SHANKLIN AS HARVEY
WHILE GREEN SMITH PLAYS THE
PART OF MIR. HORR.
Mr. Shanklin Cannot See How the
Mine Owner Would Profit III the
Price Of silver Was Advanced.

j. G.. Shanklin, the distinguished leader
Of the Ninety Per Cents in 1892 is at the
Grand Hotel. He does not take much
pride in the Democratic bond-issuing ad-
mnistration now. but he maintains that
the administration has drifted away from
him. and not that he has drifted from the
administration. He is as pronounced a
leader OF the free and unlimited coinage
movement now as he then was the leader
of the anti-Gray faction. He is in town,
he said to a Journal reporter. on private
business. but II Is significant that the ex-
ecutive committee of the Democratic edi-
torial free silver organization will be i'm
session to-day. Mr.. Shanklin said that 1T
was probable that he would meet with the
committee to-day.
Are you a candidate for the nominal
ton of Governor this next year?' was
asked.
II have said that / would be, and il Is
probable shall; but it is long way off
yet"
Would you take the nomination on a
platform indorsing the Democratic ma
tional convention of 1922
That is question / would rather not
answer now"
How is the election going in Kentucky
this year?"
"Oh. think Hardin will be elected. Op-
position in Louisville? Yes. ibut the Louis
vile papers have all along been against
him.
W. Il. Slinkard, of Bloomfield a men,
Der Of the free-silver editors organization
arrived early last evening and later other
committee members arrived 1t is the
purpose t,a to-day to perfect the organza-
lion or the state Silver League by devils
ing ways and means to organize in every
county in the State.
NJ, When every county is. organized" said
Mr., shnkard to Journal reporter. steps
Will be taken TO call State silver con-
vention- 1t will not take long III all the
counties are as much I'm favor of free COIN
age OF silver as mine (Greene)
Mr.: Shanklin and ex-Attorney- general
Smfth attracted large audience about
them them In the hotel lobby by an animated
discussion OF the money question, and re-
called the Horr-Harvey debate i'm Chicago.
Mr. smith was the Mr.. Horr and Mr.,
Shankiin was the Mr.. Harvey. The latter
De stupid person If: after a free silver
coinage law, he would continue to sell his
SILVER bullion at any price below par with
this would be the logical deduction from
the argument used by the gold standard
devotees. who declare that the whole ad-
vantage or the free and unlimited coinage
of silver would accrue to the mine owners.
and that no other class cares about the
theory. Mr.: Shanklin maintained that
such as prevailed previous to 1879. silver
would leap to the par value with gold and
that both would float. as the free silverites
centuries. side by side. Mr. Shanklin is
for free coinage of the independent kind
as distinguished from those who indorse
free coinage under International agree
ment leaving out England only.
Mr.. Smith contended for the Gresham
law: which Is declaration of the principle
that with two classes OF money. the
cheaper will hoat and the better and dearer
VIII take to hiding places or to foreign
shores. He declared himself unequivocaily
for the gold standard. and quoted Hamii-
ton as his mentor In financial affairs. This
caused the Democratic soul of his opponent
to smile. for Hamilton was bane to the
Democratic patron saint Jefferson. Mr.
Smith wanted all the greenbacks with
drawn and destroyed charging the finan-
cial troubles to the fact that though they
are notes payable on demand. they are
no sooner received at the treasury than
they are paid out again. only to be used
once more to draw gold from the treas
ury. He declared that the country could
issuing greenbacks Mr.. shanklin believes
in the greenbacks and wants all money
to be issued by the general government
Mr.. Smith advanced the idea that civiliza-
ton Is drifting TO a point where money is
not essential at ALL but that all transac-
tons will be done through exchange of
checks. drafts, etc., and only balances will
be paid in money Mr.. Smith declared
that governments could not manufacture
values in the form of money. and Mr.
had settled that point the other way in
the matter of greenbacks. There were
many things in which these two dis
tinguished Democrats differed, and about
the only thing in money affairs that they
agreed on that John Sherman is not
financier. Mr.. Smith threw all his
earnestness into the discussion and per-
spired freely. The contest was draw-at
least IL drew a crowd.