The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-23

instruments. Eliminate banking facilities
national banks and their circulation ana
substitute dishonest money as the venice
of trade, financial chaos would speedily re-
suit. cotton and cereals could not De pro-
duced-if produced. could not be marketed
Transportation would be paraiyzed, the
wheels of industry would cease to reyolve;
enterprise and development be checked, anu
the whole land plunged into ruin ana mis-
cry.
MANY sincerely believe, it is true, and
PITY IL IS true, that the free ana unImi'eo
coinage of silver at the ratio of sixteen to
one and the payment of existing obliga.
tons, public and personal, in that metal
would be for the highest good of the coun-
advocating dishonesty. but regret their hal
see them in such disreputable company,
The question has finally been referred to
the ballot box for settlement
we i've in a land that has been and Is
the recipient of the divine blessing. We
live in q land of civil and religious liberty
full of churches free schools and open
Bibles-and we cherish implicit faith in the
honesty of the American people, in their
common sense. their ready discrimination
hood. in their faithful performance of exist
ing contracts, in their respect for the law,
their loyalty to her highest interests, and
their Willingness to sacrifice their lives
rather than suffer her honor TO be tarnishcd
There is God who presides over the
destinies of nations. Let us do our duty
and then trust Him in the present crisis
of our beloved country, for the preserva
ton of its honor and liberty inseparable,
for. Burke said: What is liberty with
out wisdom and without virtue? Such lib
erty is the greatest of all possible evils,
for it is vice, and folly. and madness with
out tuition and without restraint FROM
liberty without honor or virtue. from dis
honesty, from lawlessness, from anarchy
and ruin, good Lord deliver us.
At the conclusion of Mr.. Pullen address
the reports of the executive council and
Chairman Joseph c. Hendrix, president
of the National Union National Bank of
New York. The report of the executive
council was a declaration of the existing
gold standard. 1t states that in its opinion
the existing commercial depression IS due
to the attacks which threaten to overthrow
the present gold standard OF value, ana
adds, in part: We further believe that
our full measure of national prosperity Will
not be gained until the whole world under
stands that the dollar of the United States
is 100 cents of gold and that the Nation IN
tends to keep it at that value. we DeneVe
that an opportunity is presented by the
issue of this political campaign to give a
lasting definition of the dollar as a money
unit to permanently settle the founda-
ton of our monetary system and to re-
move the menace of an oVerturnlng of
values and far-reaching ruin and distress
which a descent to a silver basis would in
volve.'
The treasurer's report was read by Mr.
Hendrix in the absence of that officer. Mr..
w H Porter of the Chase National Bank
of New York. 1t was followed by the re-
port of the auditing committee. secretary
Branch then read his annual report MI
tional Bank of Detroit, read the report OF
the committee on express money orders:
There was no discussion and adjournment
was then had for the day.