The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-06-13
HONEST MONEY
CERTAIN TO BE THE wATCHwORD
OF THE REPUBLICAN PARTY.
NO Longer Any Doubt that the st.
Louis Convention VIII Declare
Boldly Against Free Silver.
WORD GOLD" MAY NOT BE USED
BUT THERE WILL BE NO ATTEMPT
TO EvADE BY sTRADDLING.
Eastern Delegates Determined, If
fOss1DIe. 10 secure ln0OrSememt OF
the Yellow Metal Standard.
ATTITUDE OF M'KINLEYITES
MANY IN FAVOR OF COMBINING THE
TARIFF AND MONEY PLANKs.
Statement Issued from Boss Hanna's
Headquarters That Embodies His
Views ON the Platform.
NO SERIOUS BOLT PROBABLE
FEW WESTERN SILvERITEs, IF ANY,
WILL FOLLOW TELLER's LEAD.
Indiana Financial Resolution, in Re-
vised Form, StiIf I'm Favor-Views
of Fairbanks and Teller.
Statement Issued from Boss Hanna's
Headquarters That Embodies His
Views on the Platform.
NO SERIOUS BOLT PROBABLE
FEW WESTERN sILvERITEs, IF ANY,
WILL FOLLOW TELLER's LEAD.
Indiana Financial Resolution, in Re-
of Fairbanks and Teller.
speclal to the Inalanapolis JournaI

Special to the Indianapolis Journal.
ST. LOUIS, June 12-The champions for
an honest and unequivocal stand for sound
money in the Republican platform have
gained notable victory to-day. l have the
best authority for saying that Mr.. Hanna,
on behalf of the Mckinley men, will ac-
cept a platform drawn after the Indiana
platform, but omitting the final words ex-
pressing its opposition to the free coinage
of silver at 16 to l. The platform will op-
pose the free coinage of silver, not only
at 16 to /, but at any ratio. Up to this
afternoon the Mckinley men insisted that
the Indiana platform was clear Enough, but
they could not reply to the constant charge
that to limit the platforms opposition to
free coinage at 16 to 1 might be easily con-
strued as an evasion which would permit
the belief that the party would not oppose
free coinage at some other ratio. All morn
ing telegrams have been raining in on Mr..
Hanna from bankers and financiers In the
East demanding that the platform shall ex-
plicitly declare for the gold standard. To
this demand Mr. Hanna has turned a deaf
ear. He insists that the word gold would
be obnoxious to many Republicans and
maintains that the Indiana platform is to
all intents and purposes. a gold platform.
Finally. as an evidence Of good faith and
to prove that the Republican platform shall
be a gold platform in everything but the
mere name and word, Mr.. Hanna consented
that the final words of the Indiana plat
form, ''at the ratio of 16 to L." should be
stricken out This much, then, has been
accomplished by the friends of good money.
Meanwhile, 1t is asserted at the McKin-
ley headquarters that the friends of Nc
Kinley are not drafting any financial
planks, but will leave the matter entirely
to the delegates and their committees. This
is as it may be. Every man must accept
this statement as he will Certain it is that
the Mckinley forces will strenuously op-
pose fighting out the issue the floor of
the convention. 1t is their claim that since
they are sincere in demanding adherence TO
the present financial system the phraseology
of the plank is a mere question of verbiage
and that expediency dictates that this de-
tail be fought out behind the closed doors
of the room of the committee platform.
1t must be remembered that the constant
attitude of the Mckinley men proclaims
that in their estimation entirely too much
prominence is being given the financial
question and that in consequence the tariff
which, In their opinion is at least of equal
Importance, is being neglected. 1t is the
wish of the Mckinley men that the tariff
and the currency be indissolubly united. 1t
is impossible. they know, to run both sub
jects in one and the same plank, but it is
determined that they shall be at least CO.
equal
The following statement, prepared at the
headquarters, shows plainly this purpose:
1.-The closeness with which so many State
conventions have linked protection and
sound money has suggested the idea of
joining them In like manner in the national
platform 1t begins to dawn that this ques-
ton Is so closely related to that other
great principle sure to be enunciated I'm the
platform-adequate protection-that the
making of the currency plank need not
after all. be so difficult. Those familiar
with the financial history of the country
recognize the fact that so long as we had
adequate protection and the ample revenue
which resulted there was no difficulty about
currency; no complaint to its scarcity
and no radical demand for an extreme ad-
dition 20 1t by unlimited coinage of silver.
The fact that the nomination of Major Me-
Kinley means OF itself the certainty of the
adoption of a system of protection and the
assurance OF ample revenue will of itself
bring about the conditions i'm regard to cur
rency which prevailed when the country
had protection. ample revenue and general
prosperity. While it is not assumed that
the mere adoption of a protective tariff
will settle the silver question. 1t is believed
that the tarif plank that will naturally
accompany the nomination of Major Nc
Kinley will, when in operation. bring about
such condition in the financial affairs of
the Nation to greatly reduce the de-
mand for large additions to the currency
and bring back the generally satisfactory
conditions which existed when full treas
ury prosperity and ample employment kept
at home and in constant circulation the
| ample supply of currency which this coun-
| try has always had. This supply. it may
be remarked incidentally. is greater than
that of almost any country In the world,
| and when IL is not drawn away by the de-
mands from abroad which are consequent
| on low tariff and insufficient revenue il
has always proven sufficient to meet amply
| the demands of the people,"
| There Is. of course. no scheme afoot to
| gag the convention or in any way to pre-
| vent free discussion. Ii has been suggested
to-day that the adherents OF the gold stand