The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-10-02
REPUDIAToRs HIT HARD.
Mckinley Prods the Preachers OF IL
Dishonest Currency.

ure to meet at my home to-day the repre-
sentative citizens of Springfield ana clark
county. l would not undertake to enumer-
ate the clubs present here lest | might
omit some of them but all of them are
welcome | have long since known there
was nothing small about the people OF
Springfield and Clark county, and | never
stand before Springfield audience without
having come unbidden to my lips some OF
the precious names associated with that
enterprising city-Shellabarger was not
only a distinguished lawyer, but an emil
nent statesman, and that dear old citizen.
Judge White, whose learning enriched the
judiciary of the State-names like those
Come 70 me whenever I see a Springfield
audience. 1t is not given to many cities
to have furnished as yours has as dis
man as the ex-Speaker of the National
House of Representatives-J. Warren keif-
cities to have furnished as yours has that
splendid ideal business man and distlnc
guished executive-the present Governor of
Ohio. Asa S. Bushnell.
Mr.. Cyrus H. Mccormick, of Chicago,
who is at the head of the great harvesting
machine companies. the strength and in
tegrity of which the country is familiar,
recently wrote as follows: We have never
plans and work for the next season as
at this time. If we thought that
the country would go for the unlimited
our shops for more than one-half their
capacity We have in that statement. my
fellow-citizens, a description OF our ousi- Is
son which must impress every thinking
man. The manufacturer does not know
how to plan for next years business pc
cause of the financial uncertainty created
by the attitude of the great political par
ties of the country in combination with
two other parties.
IF free silver is to be inaugurated in
this country it will change all values, dis
arrange the relation of labor to production.
of raw material to the finished product. and
unsettle all conditions of existing business
and prosperity. This uncertainty makes
every business man pause. makes every
business enterprise halt, and while they
pause and halt the home OF every WORK
tates to invest because it sees danger ahead
and is unable to count with certainty on
either the safety of it's principal or the re-
turn of profits and while capital waits out
side the factory the machinery within is
sides about the firesides of the men who
toll.
Il do not know how many hands the
great firm of Cyrus III. Mccormick & Co.
employs but many thousand L sure,
but when he states that If we have free
shops with more than one-haif the labor
now employed, | assume that what would
be true in the case 9f the haryestihg rs h ina ma
eern every sprinsed and donff through Geh
out the country Take your city, which has
heretofore been one of the busiest centers
in the manufacture of agricultural imple
ments employing five thousand laborers
cut that employment in two would be not
only calamity to labor but would be a
to every farmer in your county.
WHAT. HURTS ONE HURTS OTHERS.
Your business fairly illustrates the close
relation between the manufacturer and
| the agricultural producer. When you are
prosperous the farmer is prosperous
When the farmer is prosperous, you have
| your most prosperous trade. If your pay
roll should be reduced one-half its effect
would be injuriously felt by every farmer
| upon the farmer would affect the machine
| works because your customers, who are
! farmers would suffer from the diminished
| labor you would employ in the loss of
| part of their home market. Isn't that true
! my fellow-citizens, of Springfifeld? loud
cries of Yes! yes!D business of every
| character is so interviewer. so dependent
| and interdependent upon every other busi-
| ness that hurt to one is hurt to the other
| In 1892 people used to think that you could
| hurt the manufacturer and help the rest
| of mankind. NaughterD They labor un-
| der no such delusion now. Demand is
what makes business activity. The sickle
| and the fail would still be in use but for
the, pressing demand of the great grain
| fields of America. You make agricultural
| implements because the farmer wants
them, but when he does not want them
you will not make them. and when he
! wants fewer of them you will not make as
many. and when that time comes and you
| diminish your output you do not require
so much labor. and that is what makes
| poverty and idleness.
My fellow-citizens. We must have sta
! bilty in values and confidence in national
and individual integrity before we can
have real and permanent prosperity. (Ap-
| revenue legisla tion will supply ade-
auate money for the public treasury and
protect American labor and American in
| terests in every part of the country AL
| exander Hamilton once said: There is
! scarcely any point in the economy of ma
uniform preservation of the intrinsic value
| of the money unit. On this the security
| depend
I'VE must get over the idea. my fellow
| citizens. If we ever had it, that there is
! any legerdemain in finance; that Congress
! by its mere breath can make something
| out of nothing: that it can decree that 81
| cents worth of silver shall be worth 100
| cents. Congress can do much; it can pro-
| tect the life and property of citizens as
! it should do: it can provide revenue laws
| which will make the treasury easy and
| restrained competition of the old world: II
| can do that and it must do that. (Tre-
| mendous cheering) But it cannot by it's
| mere stamp make dollar worth 100 cents
| out of a piece of coin which sells in ev-
| cry market of the world for 81 cents. We
| want for our country a dollar worth IA
| Roscoe. Conkling once said I do not be
| lieve that you can legislate uD the value
of anything, any more than believe you
| ton. The Continental Congress tried leg
| islating values IN by resort to penalties,
| but the inexorable laws Of trade as inda-
pendent the laws of gravitation kept
| them down (ADDlause)
AN ENEMY OF PROSPERITY.
Good credit and good currency are as
| indispensable to labor TO capital and he
who teaches any other doctrine is an enemy
of our country's prosperity. Good currency
gives protection to labor and TO every
American interest as a wise protective
tariff gives protection to American work.
shops and 70 the American farmer. We
have good money now. There is no better
to be found anywhere in the world The
Republican party. since 1879. has made ev-
cry dollar of our currency as good gold
and foT seventeen years that party has kept
IL So and il means TO keep it 50 if the peo~
! pie OF this country restore it TO power
again.
I'VE will not conesnt to the contraction
| of the currency of the country by putting
ourselves upon silver basis and driving
| from the channels of trade and the currents
| Of business the good gold dollars and the
| good paper dollars which this country has
| to-day. We do not propose to have the
| United States confined to the use of silver
alone. We mean to keep eur gold, our sill