The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-11
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ed to his first public Office. He has since
opposed Mckinley politically and was one
of the hardest workers in the famous
Warwick campaign, making II personal
canvass of the district He was delegate
TO the indianapolis convention The meet
ing tonight was arranged by the Railway
Mems Gold-standard Club and the discus
sion limited to the currency question. The
meeting attracted wide attention and
large crowd was present.
Mr.. Lynch was introduced by H. A. Ken
nedy, general superintendent of the Cleve-
land. Canton & Southern railroad and pres
ident of the club, the membership of which
includes men from all departments from
the highest official to the humblest section
man. Mr.. Lynch went directly to the sub
iect. holding the vast crowd in rapt at
tention for two hours and half. His
first proposition was that free coinage OF
silver agitated would give undue
advantage to the owners of bullion They
should say he said, 1--WE propose the
free coinage of both gold and silver on
unequal terms, for that is the truth. OF the
claim that the Constitution demands the
use of silver he cited the forcing out OF
circulation of gold by silver and the in
come of the free coinage people on that
score and concluded silver alone being used
the currency would again be unconstitu-
tional. He quoted from Alexander Hamil-
ton and Thomas Jefferson for the use OF
money metals at the actual market value
and said their successors, the men who
constituted the Democratic party till few
weeks ago, had always stood up in defense
of that principle. Illustrating this, he cited
the fixing of the long decimal fraction as
establishing the actual ratios. "Oh had
Tillman been there with his pitchfork he
would have soon made that decimal a
vulgar fraction and declared for 16 to l or
bust, he said.
Mr.. Lynch said the United States had
actually come TO gold standard in 1884.
and in 1858 emphasized that conclusion.
This legislation he credited to the Demo-
cratic party, saying they, the Democrats,
once had q great deal to say about mat
ters in this country and they would have
more to say u the future. The speaker
enlarged on this Inconsistency of the silver
argument that ssi%er will advance in price
10 Sl.ZJ an ounce, IS becoming the equal
OF gold and that at ne same time 1t will
provide cheaper money and diminish the
burden of debts. The necessity of en-
HANGING the value of the vast volume Of
silver in the world to this standard by
the United States alone and the imprac-
ticabilty of such result presented at
low price of silver on the line OF the work
ing of the law of supply and demand. Mr..
Lynch, after arguing that the coinage and
maintained the price of silver referred to
the Democratic legislation in which many
Republicans concurred, by which the sill
yer purchase law was repealed. Shall we
go back on that Democratic act? / for one
shall not" he said.
Referring to the bond issue of the present
administration, he said: president Cleve-
land will live to hear the laudations OF IL
patriotic American people for that act for
the preservation of the Nations honor"
He blamed the present panic which, he
said, began in June, 1892, on the silver
agitation already commenced and blamed
the continued agitation for preventing re-
covery. After an extended argument on
the effects of free coinage on commerce, in
dustry and agriculture, he summed up In
an earnest appeal for the gold standard:
He said after election we Democrats Will
get together again. He said he found in
the Chicago convention the old Democratic
banners torn down and the leaders absent,
with Populists in full control He, with
others, set aburning the altar fires of true
Democracy at Indianapolis and around
them they would remain till their old as
sociates came back into camp.