The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-10-10
LIVELY NOON MEETINGS
BECOMING A FEATURE OF THE
SOUND-MONEY CAMPAIGN.
The Addresses Notwithstanding in
This County TO-Night-Huge
Gathering at Acton.

w men IL was proposed to nave noon
sound-money meetings many feared that
there would be no audiences, but If they
have attended the meetings the past three
days they would see that their fears were
groundless. Nearly every seat was filled
when Chairman Gordon raped to order
yesterday. The Harry g. New Quartet sang
to the delight of the audience. after which
Mr.. Charles a. Dryer was introduced. He
quoted the report of the Senate committee
to prove that the prices of 223 of the most
common articles were only per cent.
cheaper in 1891 than in 1860, while the unit
of labor, which represents human effort
paid in 1891 Go per cent. more than it
in 1860 Mr. Dryer then quoted Mr.
Bryan's speech in Congress to show that
the cause of the fall of prices is the intro
duction Of machinery, by which in some
industries one man can now accomplish the
results which fifty could years ago.
Noting the constant talk of the scarcity
of gold, Mr.. Dryer quoted from a recent
article in the Forum by NJ. Beaulieh a
French economist, in which he said that
the South African gold mines would pro-
vide S., 600, 000 600 worth of gold in the next
twenty years and that the South African
mines would turn out much gold in
1896 as all the mines of the world did in
1851. Inc Ialk l0dC we MAVEN tHOuSH
money" as if at some period the country
had more, is idle Money was never so
cheap. Twenty-three years ago the rate
of interest was 10 per cent and more in
this section; now it can be got on good Sc
curity for to Z per cent, while from 312
to per cent. is paid on railroad and other
bonds. Mr.. Dryer spoke with energy and
made his points clear.
Ex-Representative Dan Waugh, of Upton,
being in the audience, was called upon. In
words of Indignation he denounced those
demagogueS who try to array the poor
against the rich and the employees against
the employer. The true patriot will use
his efforts to counterfeit influences which
divide the American people into hostile fac
lions. I'VE should be a family or 100000
of people who should strive hard to be
friends; capital and labor are the parts of
d whole. They are only prosperous when
working together" said he. Judge Waugh
said that when this campaign was over he
ives going to divide some time TO preaching
the gospel of mutual good will on the part
Of the whole people.
Talk OF debtor and CREDITOR said Judge
Waugh; why, the sun does not set on a
prosperous day in this country when CAPT
tai does not owe labor 100000. 1t cannot
De that ldDOT waits UndL SoU,VUU,UUV OIL daily
balance in anything but the best dollars
Referring to the ratio of is to l. he said
thaAevery attempt which had been made
to use two metals as money on any other
basis than the commercial value had failed.
Gold as money represents the civilization
of the day. The progress of the world has
been marked by the money it has used, adj
vancfng from iron to copper, from copper
to silver and from silver to gold. From the
money 1T uses one can know the civilization
of d people. Silver will always constitute
the money OF retail and constitute Z,
large part of the money in use, but it
must be- as good as gold Judge Waugh's
voice was ragged with the campaign, but
his remarks were loudly applauded.
The last speaker was w. l.. Taylor. He
declared that the owners of the silver
mines were the only persons who would be
benefited by the free coinage or silver. Only
sixty-five nines are doing business now and
thirty-two mines turned out So per cent of
the silver bullion put upon the market last
year, and these mines are owned by sixty
two very rich men, whose names have
been published by the New York World
and these men are furnishing tho bulk of
the money for the Bryan campaign. He
called attention to the appeal of Secretary
Merrill. OF the Bimetallic League, IN which
he called upon the mine oW ners to give the
profits of one months output, on the basis
that silver's value would be doubled by
free coinage.
who win profit by the free coinage of
silver?' asked Mr.. Taylor. The mine own
were coined. The profit of the coinage was
$1,000. 900, and that profit went into the
treasury of the people. but under the free
coinage the pigs of silver will go into one
door of the mint and all the dollars it
makes will tumble out of the other end of
the mint into the bag of the silver-mine
owners. How are any of The 70.000000 of
people who are not silver-mine owners go.
ing to get any Of those silver dollars? Mr.
Bryan has been asked that question many
times, but his only answer has been that
that matter will be determined when free
silver coinage has come. If we have those
silver dollars we must give labor or that
which represents labor for them This being
the case, why not have gold or its equiva-
lent for labor and service, instead of Il de-
preciated and f1uctuating silver dollar? Mr.
Taylor said that 90 per cent. of the silver
bullion came out of lead and copper mines
which were worked for the lead and copper
Mr.. Taylor's earnest speech was frequent
ly applauded. To-day, at noGn ex-Mayor
Denny and John l.. Ketcham will speak
and glee club composed of young ladies
from Haughviile will sing.