The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-05-25

The Clay City Sentinel, heretofore a lead
ing Democratic paper of Clay county, last
week renounced the error of it's way and will
henceforth champion sound money. pro-
lection. reciprocity, pensions and other
Republican principles, and be known
as the Clay County Republican. In an ar
ticle giving reasons for the change. the ed
itor. Mr.. w. Z. Naugle. says
The political history of the, country during
the existence of the Sentinel Is sufficient, we
think. to enlghten the average unprecedented
mind. Four years ago Grover Cleveland
was elected to the highest Office within the
gf aio OF the n, american American people, Likewise
Congress. 1t was verttable Democratic
landslide. The issue was tariff reform. The
were willing, even anxious to give 1t a trial.
After a stormy session OF Congress a tariff
Dill making an average reduction of about
diately a panics spread over the country
which eclipsed the one of 1873. Its Ill eff
fects are with US yet. Thousands Of fac
PRESIDENT Harrison, were running to their
utmost capacity, giving employment to will
Ing hands at good wages. were closed, and
many of them are closed TO this day Others
are working on short time and of necessity
at greatly reduced wages for the workmen.
Misery and want. strikes and lockouts have
followed in the wake of Democratic as
tendency and tariff reduction. The popular
and ever-increasing demand now is for the
restoration of tariff that will afford pro-
lection to the manufacturer and laborer
The people realize that the tariff reform slo-
gan of the Democratic party has lost its
prestige by experience and are anxiously
awaiting the day when they can put the
seal OF condemnation upon the policy that
destroys labor and prevents capital from be-
Ing invested in home manufactures. The
writer joins in the popular ciamor for this
change.
Again. the attitude OF the Democratic
party on the financial question is disgusting
We can only iken it to a ship at sea with
out rudder and the pilot so thoroughly
illustrated that he knows not WHAT to do.
The history Of the Democratic party on the
money question almost ever since it's con-
ception has been in favor of sound and
stable currency-the existing gold standard.
in fact. But now we find 1t chasing off after
the false theory of the free coinage Of silver
at the 16-to-1 ratio, and the national conven-
ton at Chicago in July will indorse free
a split in the party. The 16-to-1 scheme
means cheap dollars and high prices and a
disorganized financial system and ruin gen.
orally. The government does not live which
can make 50 cents equal in value to dollar
simply by calling ii so. The only way in
which two metals can be kept in circulation
standard, and by limiting the coinage of the
other and standing ready to redeem the
cheaper metal, whose coinage Is limited, in
courage ratio corresponds to the actual com
mercial ratio, the easier will be the task Of
maintaining the parity between them. In
truth. and the coinage of the cheaper metal
Is strictly. limited the parity will largely
maintain itself.
The Republican will champion honest
money and the existing gold standard, and
the writer has reached the conclusion that
the Republican party will, If successful at
the polls this fall, stand firmly for the single
stSndard Of money that is extant in all the
civilized nations of the earth This Nation
cannot afford to follow in the footsteps of
China, japan India and Mexico Rather let
us grow and prosper by the experience of
| such enlightened and progressive countries
as England, Germany France and others of
lesser note.
AS the writer views It he Republican par
| ty stands for the principles Of sound money,
a protective tariff, liberal pensions for dis
| able6 veterans and their dependents and
| economical government. 1t is the party Of
| four .'p's'-principles, protection, pensions
| and prosperity. while the Democratic party
| is the party of INSTRUMENTATION, deficit
| and destruction. = 1'