The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-02

legislation. and that It can be closed by
| friendly legislation. tRenewed applause)
We believe that the law can unco what the
law has done, and that IT is rot necessary
to make any change II the ratio.
There is another reason. Have you ever
tried to figure out what would be the Ell
feet if we changed the ratio according to
the plans suggested by our opponents !.
Suppose all the world agreed TO a ratio OF
90 TO 1, and suppose they made the change
by doubling the size of the silver dollar
Do you know what that would mean? 1t
would nlean the re coinage of four billion or
silver dollars into two billion of silver dol
lars. 1t would mean, first, the slrInk2Se or
one-nalf of all the silver of the world.
measured in dollars, and a Shflnkage OF
one-Quarter of all the metallic money OF
the world. 1t would mean an increase IN
the purchasing power of every dollar. II
would mean the decrease in the value OF
property in the world billions OF dollars
and an increase in the burden of debts OF
the world billions of dollars more. We are
in favor of a ratio Of 16 TO /, not because
We produce silver. but because We use both
gold and silver, and need all the gold ana
silver to keep the parity between money
and property
WASHINGTON QUOTED.
Just a word about one phase of this
subject. I want to caution you against
putting your affairs into the hands of for
eign nations. Let me read you something
i am afraid I may offend some advocate
of the gold standard, but L am going TO
read it, even at the risk of offending him.
Let me read you something and see if you
can guess who used the language: Against
the insiduous wiles of foreign influence L
| ~conjure you, my friends. and believe me-,
my fellow-citizens, the jealousy of a free
people ought to be constantly awake since
history and experience prove that foreign
influence is one of the most banetul Toes
of republican government Wha Anarcn-
ist do you suppose wrote that? what man
do you suppose, desiring TO excite your
prejudice against foreigners used that Ian
Pl3Gap What dpmagO2u6, Appearing 10
the passion of the people, employed these
words? These were the words used one
month by George Washington.
When we tell you to beware of placing
the legislative control of our financial poll
cy in the hands of foreigners, they accuse
us of trying to stir up the hostlllty OF
those who live abroad. They use all SORTS
of abusive names, and yet, sirs, we have
never said, in all this campaign, anything
more emphatic than the language used by
the first President of the United States, the
father of his country. Yet it has been less
than two years since the Secretary of the
TREASURY employed a London banker to
protect the treasury of the United States.
And more than that, they came to Congress
with the proposition, in which this foreign
pie 5000, GOO of dollars if they would change
the settled financial policy of the United
States. They offered to take bonds at one
price if they were payable in coin. but SAID
that if they were made payable in golG
that they would take them at a price thar
would save the government Sl6,00U,0O in
thirty wears. 1t meant that if the gov
eminent would do what ii had never done,
if it would make its bonds payable IN .goid,
that they would pay the people OF the
United States SIG, 000, 900.
This is no simple matter. When the pa
triots of Greece were warning the people
of that nation that Philip of Macedonia
was approaching, there were those then
who We're so tied Up in their business rela-
lions with the Macedonians that they, useq
hard names towards the people who abused
the MacedonianS. And there are those to-
day whose commercial and tinacial rela-
lions with the financierS OF LONDON are
such that they apply abusive. eplthets 70
those who warn the American people
severe, as merciless and as pitiess as a
political domination.
II leave this question with you. L know
not what your decision may be; but, my
friends. I cannot but believe that the de-
scendants of those who declared this Ma
courage to declare this Nation financially
independent of every other nation upon
earth. prolonged Spplause.) 1t is said that
when the Declaration of independence was
about to be signed they agreed that the
liberty bell should give the signal. Finally
that immortal document was finished. The
names of its signers were affixed and then
The old liberty bell rang out and the people
assembled, waiting for the sound, caught
it up and then cheered, although they knew
that their honor. their lives and their prop
erty had been pledged to the maintenance
of that declaration. (Cheers.) 1t seems to
me to-day that of the 70,0OO,0O of people
a vast majority are listening for the sound
that shall tell them that this Nation has
declared its financial independence; and
up and we will hear nc more of this sub
servient policy that we must wait until
other nations tell us what the American
people shall do" Great ~applause.)