The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-05
State Convention Called in Illinois to
Discuss the Currency Question
and Map Out Plans.
MR.. HINRIcHsEN's SCHEME
HOW TT is PROPOSED TO bring Sill
YER TO A PAR WITH GOLD.
Sound Money Movement I'm the south
German Trade Congress In Favor
of GoId-PoIitfcal News.

SPRINGFIELD. ILL.,. April 1.-The Demo-
cratic State central committee of Illinois,
at special meeting to-day, issued a cali
for State convention. to meet at Spring
field. June next. to consider the currency
question, which 1t is proposed to make
the issue for the next campaign. The call
issued to the Democracy of the State says
IN part
'"rhe only national question now before
the American people is that of the cur
rency: The war is over. The force bill is
legislation of a general character will not
be attempted for several years. The next
mith nattona1 al campagn nrss must m De nougnt on.
the parties, and it behooves the Democratic
party as a party 70 assume a decided posi-
ttcn Oh this question and 10 draw It's party
lines according to the wishes of majority
OF it's members. Tne basic principles OF
Democracy forbid the decision OF important
questions by the party leaders without in
stfuctions from the people, and il is there
fore, proper for this committee TO call on
Democrats of the precincts. townships and
counties Of the State to- meet in conven-
tion in their respective localities. 10 dis
people. to give expression TO their views
in appropriate resolutions and to select
delegates to convention to be held at the
State capital
The call then sets forth the basis OF rep
resentation. etc. and urges the Democrats
to turn out freely TO the meetings in their
various localities and give free expression
to their views, in order that there may be
no doubt as to the position of the party
on the great and important question.
AT the conclusion of the meeting Chair
man Hinrichsen gave out an interview OF
some length in regard to the action of the
committee and its expected effect. He said
he is in receipt of information from every
county in the State outside of Cook, which
convinces him that 80 per cent. of the De-
mocracy favors the free and unlimited
coinage of silver at the ratio of 16 to l.
without waiting for the action of any for
eign government The chairman expects
that the resolutions adopted by the county
conventions will be in line with this feel
ing. Mr.. Hinrichsen says he does not think
the plan viii commit the party to fiat
currency or cause the disappearance or
gold from circulation, and thus cause Il TO
states that the object of this movement
is to prevent that very thing. Regarding
this, he says This movement VIII spread
from Illinois to every State in the Union,
and long before the election comes around
II will be evident that the Congress 70 be
chosen in 1895 will pass 16 to 4 free
coinage act. Now, when capitalists realize
CHS they VIII besin to purchase silver
IS cents for n2is grains. The sure profit
Of As cents on each 4121s grains VIII bring
9q M the VIII gpb Be aa s as prce o aSe
will rise steadily, and when the law goes
into effect the question OF the party Will
be settled"
AS to the bankers he says: THE bank.
erS cannot combine and refuse TO buy sill
vcr bullion The profit of silver speculation
viii be so sure that they will tumble over
each other in order to buy. Gold will rob
in from Europe TO purchase silver bullion.
Certificates will be in demand and trade
stimulated by the letting loose of boarded
millions and the certainty of a final set
bring on a more prosperous period without
danger of following panics. few leading
Democrats may be driven from the party
by this movement, perhaps but most OF
them will be swept along in the tide. espc-
cially as the character of the movement
and it's certain results will remove the
only serious objection to the free coinage OF
silver
AS to the effect upon the Republican
party, Mr.. Hinrichsen said: AS parity
they are pledged to monometallism, ana
can take no other ground. unless they
straddle the question. Thousands of them
will Join the Democrats for they believe
in free silver. / certainly expect TO carry
the State and country in 1896 This move-
the Democratic party. 1t will be built from
the township up
Regarding the prospects of independ-
ent silver party he said: The attempt
begins at the wrong end A few men at
Washington cannot control l2,0O0GO0 voters.
party organization is the only way in which
such political results can be produced. The
extreme gold men of our party will 20 over
to the Republicans. The free silver men
Of all parties must come to the Democracy,
and with our objectionable statesmen elmi-
mated the confidence OF the people ia tne
Democratic party will be strengthened ana