The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-06-22
What the Senator-Elect Said on the
Financial Question.


CINCINNATI, June 2l.-In view of Sena-
tor-elect Foraker's relation TO the making
of the platform at St Louis and his rela-
tions with Senator Teller four years ago in
a similar capacity. his utterance on the
subject of gold and silver last night in his
ratification speech becomes of peculiar in
terest. He said:
Il want to take advantage of this oppor-
tunity TO say word about the effort now
being made TO make IL appear that the Re-
Tor something new at st. Louis. That Is
not true. The declaration of the Republic
an party. as embodied in its money plank
at ST. Louis. defines exactly what has been
the position of the Republican party
through all these years with respect to this
1873 and ever since that we have been on
a single gold-standard basis. About the
same time several of the leading nations
of Europe demonetized silver and ever since
that time an effort has been made 10 get
back to bimetallism. We have had in that
behalf three international monetary con-
ferences, the object OF them being to agree
with other nations on an international
ratio. according to which could have
the free coinage Of silver. But all these ef-
1T has been constantly and repeatedly
declared by both parties that bimetallism
was desirable in preference TO gold or sill
yer monometallism- Both parties have
agreed that we could maintain the parity
OF the two metals and bring about bimetal-
some m agam penp,e ey bY AN al
while that IL we could not do ii that way
we could do Ii alone without regard 10
what other nations might fit TO do. The
Republican party has constantly. consist
entity and persistently stood up against that
vention at Minneapolis. it was my fortune
| TO be the chairman of the committee on
resolutions, T',is a.;o as | was :. at the ST:
| fortune to be associated on that
committee with Senator Teller. He and
| his associates from the silver States came
| TO the convention and came before that
| committee asking us TO insert a plank
pledgfng the Republican party to the free
coinage of silver. We refused to do It. We
| declared that we were in favor of interna-
tional bfmetallism, but that until brought
about it would be our policy to maintain
silver at a parity with gold by issuing no
more of It than could be maintained at
parity with gold
They accepted the result and remained
| In the Republican party. That declaration
was simply declaration as the one adopt
| ed the other day was, that would stand
| precisely where We were until we could do
| better. We were agred that we could safe
| ly undertake to have bimetallism by inter-
| national agreement; we were unwilling and
refused to attempt 1t by free and independ-
| go out Of the party then; their consciences
did not seem to trouble them so much then
| as now They remained in the party four
| years longer.
|
when the last session of Congress COM
menced. as a result OF this Democratic
free-trade experiment the government was
| found to have deficient revenues, MT
enough revenues to meet its current ex-
penses. A bill was prepared in the House
and passed that body without partisan di-
vision almost. providing for an increase of
revenue. That bill was known as the Ding
l low to Tbo
tional credit. the national honor. the ma
tional life was at stake. These gentlemen
said the bill was unobjectionable, but they
refused to vote for it (that is, six Of these
| gentlemen from silver States did unless
| the great majority. who did not agree with
| them, would sacrifice their convictions and
vote for the free, unlimited and unrestrict-
| ed coinage of silver. The great majority in
the. Senate would not be coerced by that
| majority That action on the part Of these
people directed the attention of the coun-
| try to that subject IL had not been di-
rected before. And. therefore. when we
met at St. Louis conditions were ripe. not
for a different stand to be taken by the
Republican party. but for more explicit
declarations of our principles than we had
had thrown down the gauge. of battle by
demanding free silver and seeking 10 coerce
US to accept. we concluded that was good
let the battle come on. They appeared be-
fore the committee and were part Of the
committee. just as they were four years
ago. They made the same demand: we
made the same answer, but when we came
to write the platform we said: We will
make it SO plain all can understand and
| so we declared that we were unalterably
| opposed to the free and unlimited coinage
| of silver until We can have an international
agreement, and. in the meantime we will
preserve the existing gold standard
ITO conclude with word: When Sen.
ator Teller and his associates bolted the
NO at ns for s Il na did
exist four years before at the Minneapolis
convention. and when the Republican party
Louis 1t did not change Its position one
particle. but simply made 1t absolutely Ger
tain. In order that there could be a settle
ment of that question, that the proposition
for free. independent and unlimited coin
age of silver is a proposition that we will
not entertain. We win not entertain 1t be-
cause, in our Judgment, II does not, as
Senator Teller and his associates claim
mean bimetallism. but simply silver mono
I'VE go into this fight, therefore. Will
our gallant standard-bearer representa-;
to the people of America protection t
and an absolutely sound dollar with which
to do our business. An absolutely SOUND
dollar, not simply for the banker and th.s
When man does full days work he Il
entitled to have full one hundred cents
in the dollar with which he Is paid. and we
the metallic dollar-shall be worth one hun
dred cents in gold all over the world, n,
matter whether 1t carries the eagle an,
superscriptions or not. Take silver dollar
and pound ii into bullion and 1t Is wortl
fifty-four cents take gold dollar ant
pound it into bullion and it is worth 1O
cents all over the world. Nobody Is cheate,
by that kind of dollar: nobody is mislet
by it, no distrust is excited, everybody ha:
confidence in it, and when Governor Nc
Kiney shall have been elected prosperit,
will at once come again, because that will
insure a protective tariff. reciprocity ant
sound money.
Hanna's Plans Not Yet Mapped.
| CLEVELAND o., June 21.-Mr. NJ A
Hanna spent Sunday at home here enjoy
ing a much needed rest. Among his guest
were Col. Fred Grant. H. c. Evans, o
Tennessee, and General Osborne, of Bos
ton Mr.. Hanna was asked this afternoo,
where the headquarters of the nationa
committee would be established. He sal,
| he had not given the matter much though
| as yet. He said, however. that he Nigh
spend some time In New York during tn
! campaign. When asked if he knew wha
Governor McKinley's plans for the cam
paign were. Mr. Hanna said he had no
know whether Mr. Mckinley would max
any speeches or not. Mr.. Hanna will go I
Canton tomorrow morning to see the Gov
| ernor.
TURNER'S AT LOUISVILLE.
Annual business Meeting nnd Picni
NJ he