The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-10-16
QUOTATION FROM MACAULAY.
Impressive Picture of the Evil of n
UebAaeh CurrencY

In response to Rev. S. A. Smith pastor
of the Congregational Church, Cambridge
borough, Pa, who spoke on behalf of the
delegations from Erie and Crawford coun-
ties. Pennsylvania, Mr.. Mckinley said:
Ladies and Gentlemen and my Fellow
citizens-I bid you warm welcome to my
city and home. You are here to-day from
no mere idle curiosity but because each
of you believe you have great stake in sthe
national contest which is 10 be settled two
weeks from next Tuesday. You are here
because you love your homes, your fam
lies and your countryi and because you
day or November OF your highest hopes
your best thoughts and your oftiest as
pirations for this great free Republic. You
all understand that this government is con-
Quoted by its legislative and executive de-
partments. If the people of this country
want to put into public administration and
law any settled policy they must have both
the executive office and the Congress of
the United States. You cannot embody
your purposes into law by having the one
or the other-you must have both; and
trust that the people of Pennsylvania and
the people of all the States of the Union will
see to II that the national House and SEN
ate of the United States are not neglected
at the polls next November.
Il recall with peculiar pleasure the visit
T do to Eric c0unfx, i,,s+ ,bo,,t +b;. .;r11
two years ago / remember the early call
l made upon you in the city of Erie. ! re-
the Erie district sent to the Congress of
the United States a Republican to repre-
sent II in that great branch of the ma
tional legislature. We We're then discussing
as are discussing now, sound money
and a protective tariff. Have the people
of Erie county changed their minds? (Cries
Not bit of it!) Are they still in favor
of an honest dollar with which to measure
the peoples exchanges? And protective
tariff that is ever mindful OF the interest
and wel-being OF the American people? In
this contest then. we have the aid and
assistance of thousands and tens of thou
ands of Democrats in every part of the
country, who think more of the honor OF
the government than they do of their old
political associations. We bid them well
come-welcome allies in the great conflict
for the maintenance of the public honor.
Some people say we have not enough
money. The trouble is, my fellow citizens
have not enough confidence to put in
circulat tion the money we now have. We
have just as much money as We ever had
in all our history. and 1t is good as it
ever was, but the trouble is those who have
Ii are distrustful of the future, and they
won't invest ii in industries and enterprises
that give employment to labor. Now, what
want to Go first of all is to restore pub
lie and private confidence; let the whole
world know this year that this Nation pro-
poses to keep all its contracts inviolab BILE
and continue a currency that is worth
hundreds cents on the dollar every day
and everywhere.
II read this morning a remarkable state
ment written by Macaulay in his History
of England which presents in the most
striking and impressive manner the evil
OF a debased and fiuctuating currency He
says, speaking of a period in the history
of England:
when the great instrument of ex-
change, which was money, became thor
smitten as with palsy. The evil was
felt daily and hourly in almost every place
and by almost every class, in the dairy and
on the threshing floor. by the anvil and by