The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-07-15
And Condemns the Conspiracy to Rob
Ten Million TOflers of a Large
Part Of Their Earnings.
ADMINISTRATION ALSO BOLTS
1T HOPES THE SILVER TICKET WILL
BE REPUDIATED AT THE POLLS.
Secretary Herbert. Ex-Chairman Har-
rity and other Prominent Demo-
Gratis True TO Sound Money.

CINCINNATI, July AN. z. Ingalls,
president of the Big Four railway system
and the Chesapeake & Ohio road. and hith-
erto one of the most stalwart Democrats
in Ohio, has bolted the Chicago platform
and nominees. He will vote for Mckinley.
Hobart and sound money this fall Mr.
ingalls, is one of the greatest employers of
labor in the Central States and his action
will influence many people. Mr.. ingalls,
has been in the East for four weeks, and
has been in close touch with the interests
upon which the prosperity of the country
depends. He has always been consistent
Democrat, and has been heavy con-
tributor to campaign funds. But he will
now swing into line with the sound-money
element Of the country and endeavor to
elect a President whose principles
those OF the Republican party. In conver-
sation with the reporter Of the Commercial
Tribune Mr.. ingalls, said:
'"The result of the convention at Chi
cago is a disappointment to Democrats and
a shock to all good citizens in the country.
1t is Populistic and revolutionary. The
most alarming feature in the platform, to
all who believe in law and order and
government under the Constitution as the
lly
preme Court on account of the income tax.
Many also who remember the Chicago riots
of 1884, and the destruction of life and
property in it's streets, and the prompt
action of President Cleveland to suppress
this riot and destruction of life and prop
erty and maintain the laws, and the oppo-
sition of Altgeld TO the same, will regret
to see in this platform resolutions prac-
+fa tIo
and upholding Altgeld.
The resolution that no bonds shall be
issued TO uphold the credit of the country
resolution which was passed in the last
days of the Senate, and dangerous an
attack upon the credit and stability Of the
country as could be made. These resolu-
tions are anarchistic, and undoubtedly
were prepared by Altgeld, Tillman and
their followers.
The resolution in favor of the free COIN
age of silver, if the people should ratify ii
at the polls. would place this country on a
par with Mexico and the South American
republics, and turn back its progress for
half q century. 1t would rob the 10,00O.0OO
of wage-earners in this country of a large
portion of their earnings, by paying them
in deprecated currency. for which they
would get no corresponding increase in
their wages; il being an undoubted fact
that in times of fiat or cheap money wages
never rSs in TO m SAVINGS
banks in this country, with an average de-
posit of $S71.36. each OF whom deposited
good and honest dollars. and this act would
oblige them to receive in payment dollars
which to-day are worth only % per cent.
in the market.
is the cause of the depression of prica -
has but little weight with those who look
at statistics. the production of gold for the
M and
than all the gold and silver combined that
was produced in any year up TO lS9i III is
the standard of all nations OF the highest
civilization. For the conduct of commercial
transactions IL is used all over the world,
and this country cannot change the laws
of commerce by its legislative fy nat
contract payable in gold In the future
should be prevented would debar any OF
our merchants from transactins business
with other countries where gold was the
standard. The free coinage of silver will
produce, temporarily, the worst panic ever
known. as It will take from circulation
used as a basis of credit. and which under
free coinage will become merchandise, and
from us all foreign capital will prevent the
development of our industries, and ii VIII
be years before we can recover from such a
shock. II is piece of dishonesty, and the
American people are not nation of
knaves. 1t is not Democracy, and no true
Democrat who believes in the principles of
Ills party VI VIII lONCS llo SOuhtiy Sdh sup
port the ticket
above all. the people of the South
should reDudiate this platform; they need
credit they need development; this kills
both They should not allow a lot of
superannuated politicians to lead them 10
moral and financial ruin This country Of
ours should be very prosperous. Nature
has been kind and we have bount.ful crops.
Capital is ready 20 come to US so soon as IL
is satisfied we are honest. We are suffer
ing from panic caused and continued by
bad legislation and politics.
I'VE need two things; first, sufficient
revenue to take care of all the expendi-
lures of the government; second, an honest
dollar worth 100 cents under the stamp of
the government or in the refining pot. and
current ar that rate in the markets of the
world. With these two conditions firmly
established. can see an era of great pros
perity for this country. I cannot see any
hope of accomplishing this result by sup
porting either the platform or candidates
of the Chicago mob. Much as i regret it,
/ shall support Mckinley. for I believe in
his election lies the only hope of the future