The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-07-07

"king of the Push" Credited with
Acceptable Silver Resolutions.

Acceptable silver Resolutions.
Special TO the Indianapolis Journal.
CHICAGO, July 6.-It transpires that our
own Allen w. Clark. king of all the push
in Indiana, is here with platform in his
inside pocket that has the Endorsement of
the P9pulist leaders and the heads of the
various hybrid organizations that make
for free silver. 1t throws into eternal OBJ
livion free-trade and all other Democratic
tenets. Three of its paragraphs are taken
almost bodily from the Indiana platform
those referring to coinage. to the payment
of coin obligations and to revenue duties.
About twenty copies of the platform were
made to-day and distributed among the sill
YER leaders, meeting with ready approval
from the more radical. 1t reads as follows:
THE paramount issue on which the two
great parties now so before the people is
between the single gold standard sustained
by gold bonds the one side and the
constitutional standard of gold and silver
and no bonds on the other. Silver as we'll
as gold has been money in all ages, and
down TO 1873 the two metals conjointiy con-
stituted the. standard of value for the
world In the formation of our Constitu-
ton gold and silver conjointly were made
the money of the United States. The act
of 1873: cverthrowing this standard by de-
monetizing silver and substituting in it's
place the single standarS of gold was de-
vised in the interest of a money combi-
nation foreign to its origin and clandestinely
imposed on our people 1t has resulted in
doubling the purchasing power of gold and
reducing by one-half the prices OF the prod
ucts of labor, thus continually increasing
the weight of debts and taxes and dimn-
ishing the power OF debtors to pay them,
resulting in interminable business embar-
easements, failures and bankruptcies. 1t
has robbed industry of its legitimate prof.
its, sacrificing the producer to enrich the
nonproducer. 1t has imperiled business en-
terprise, paralyzed the productive energies
American forced
numbers of willing workers into idleness.
1t is fast reducing American farmers from
a condition of independent ownership to
that of homeless tenantry, While building
UP colossal fortunes in our money centers.
thus. threatening the very foundation Of
free Institutions. Nor can prosperity re tCl n
20 us while these conditions exist, but. On
the contrary, times must grow worse as
gold continues to increase in value and
prices continue TO fall. as they mus- under
the single gold standard.
ITO the continuance of this policy, ad-
vantageous TO creditor nations, but ruinous
to US. we unalterably opposed and we
declare for a distinctively American policy
for Americans. And to this end We demand
the immediate repeal of the iniquitous law
of 1873 and return to the constitutional
standard of gold and silver by the restora-
on by this of @ of
age of both gold and silver into standard
money at the ratio of 16 of silver to i of
existing prior to 1S73 the silver coin to be
lawful legal tender equally with gold for
all debts and dues. public and private.
I'VE hold that the power TO issue and
control a paper currency Is inseparabie
from the power to coin money. and demand
that all currency intended TO circulate as
money should be issued and controlled in its
volume by the general government only,
and should be legal tender.
I'VE are opposed 10 the retirement of the
greenback currency or TO the contraction
of the currency in any form. We are op-
posed to a permanent national debt. We
are opposed TO issue of interest bearing
bonds in time of peace. or at any time. AK
cept by the explicit authority of Congress-
and we especially condemn, as unstates-
ma anlike and unpatriotic the policy of Gre
ating an endless debt in the vain attempt
to maintain the gold standard by borrowing
gold.
with the laws under which they were Great
ed. in either gold or silver coin. at the op-
| ton of the government, and not at the op-
ton of the creditor.
I'VE affirm that revenues sufficient to
meet the necessary expenditures OF the gov
ernment and gradually extinguish the ma
tional debt should be raised without bor-
rowing Customs duties have ever been our
chef source OF revenue. and such they must
continue TO be- The protection afforded 10
American producers should be extended to
| all industries alike. and not TO a few only.
and should be made TO benefit labor and
tariffs can prevail TO keep up prices under
q gold standard
'And now. knowing our cause to be Just,
| and believing its right settlement must pre-
(continued On second PassJ