The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-11-02

form; because people who have good money
fear that IL these theories are carried out,
II they put their money out now, it will be
paid back TO them in cheaper money. That
Is what makes the trouble. 1 put ii to any
man VINO hears me, If he has accumulated
by industry and care a little money.
whether he is going to lend II and take the
FISK OF being paid back in fifty-cent dol
lars? We must let everybody know that
we do not intend to depreciate and degrade
the currency of our country. and then ev-
erybody viii be glad TO put his money to
work and to put it out at fair rates of in
terest.
THE 1s TO 1 FRAUD.
They want to coin silver freely at the
ratio of Is to 1; and why Is to 1? If the
government can make the 16 ounces that
are now worth about half an ounce of
gold worth full ounce of gold, why can
1t not make ten ounces of silver worth an
ounce of gold? Why waste six ounces?
But the government cannot fix this value;
IL must take its value as il finds it in the
market; and if 1T expects two dollars TO
circulate freely with each other, one must
be worth as much as the other. If it is
not one will get scared; it always has.
Wnen we had greenbacks that were worth
40 cents on the dollar, gold and silver both
got scared and nobody saw anything of
them. We had the cheap money and MOTH
Ing else; and so it will be if We coin silver
and gold freely at wrong ratio. We will
have silver, but no gold We will not, I'M
thing that they can get for so cents. The
truth is that moEey has its code of morals.
A good money will not associate with bad
money; Ii never has.
What will be the first effect of free
coinage? l want my thoughtful friends
here to-day to think of this and see if L
am not right in saying that it will require
all the business of this country TO be put
upon new basis. The Storekeeper would
have to change the mark on his goods to
correspond with the dollars that he is going
to be paid in. Every manufactures would
take II into account. Nobody would know
just what was going TO happen. Making
silver legal tender would add some value
to 1t, but no man could tell how much il
would add; so that nc man would know
what TO do. If you were trading you would
say: L will stop; l will wait till this thing
shows itself. until see what is going to
happen The manufactures would say: i
viii shut down my factory The store
anything. Every man would stop and
wait TO see how this experiment that Mr..
BI5r Iys.,l suggests was going TO turn out.
would press his debtor for payment.
If you had money out and you were
afraid of a change that would give you
back deprecated money, wouldn't you try
to get 1t in as quick as you could? Sup
pose the man who is pressed for money
says L will go to the. banker and see if
L can get it, The banker would say, No,
sir, these are hundred-cent dollars l have
and it looks as if there was going to be
a change and l won't lend You any money
till L find out what is going to happen
You say. L will promise TO pay you back
the same kind of money He will say
Your Democratic platform says you ire
going to pass a law that will make such
p<omse illegal and 1t cannot be enforced;
they say they won't allow anybody to make
contract TO pay back as good money as
this country would be rocked from center
to circumference by great commercial
panic that would bring TO distress every
man in it, except the banker, who had his
'Mr. Frewen, Of England, one of the lead
ing free-silver men, while urging us 10
YORK recently. admitted that the first ef-
feet of free coinage would be an all-pcrvad
ing panic. Take that home with you; that
if you IRE to have free silver, you are to
have il at the cost of a great panic, at the
cost of utter stagnation in business, while
everybody awaits to see what this fatal
experiment in finance may bring about.
No, my countrymen, the good old honest
dollar of Jackson and Of Jefferson, the good
old hundred-cent dollar, Is the only dollar
for the poor man and the farmer, the only
dollar for honest men who want to pay
their debts honestly and want TO be paid
honestly.
Il do not like the declaration of the Chi
cago platform that when Anarchists and
thugs seize upon our great railroads, tear
up tracks and stone railway trains, that
the President of the United States. sworn
to enforce the Constitution and laws. shall
not enforce those laws until he has asked
Governor Altgeld's consent. That was not
Lincoln's thought Lincoln said when Gov
ernors not only refused consent, but when
they protested and raised armies to resist,
Il have sworn TO execute all the laws of the
United States And he mustered the great
army in blue and triumphantly established
the principle that United States law covers
every square foot of the United States.
(Applause.)
Democratic comrades. loyal men who
stood by the country and by Lincoln, who
helped to defeat Lee and Jackson. who
brought home the starry banner of honor,
are you willing to have a President who
says he will first bow a cringing knee to
the Governor of Illinois before he en-
forces the laws of the United States? No.
my countrymen, Indiana, State that had
so glorious a part in the war TO maintain
the Union and the just powers of the gov
eminent, will not surrender what they
wrested from the armies of Lee to a mob
of Chicago Anarchists" (Applause.)