The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-03

a greater per capita of gold and silver in
| circulation now than ever before. Before
| coined, exclusive of subsidiary coins. Since
March. 1893, during this administration.
more than 100000 silver dollars % had been
| coined The hard times had begun with the
Sherman act The. fear of free silver COIN
| a contraction of the credit currency, which
carried s7le per cent, OF the business of the
country. In remodelling our currency .sys-
| tenn, we should first fix stable standard,
| then retire the greenbacks as recommended
by Carlisle, give silver the right of way
below $40 and allow State banks the right 10
| issue notes. He would not undertake to pre-
| sent a complete plan. but the central idea
must be TO have every dollar of equal value.
The bond issue was necessary to pay demand
notes of the government When it was re-
| membered that Congress every year, appro-
| priated over four hundred millions, bond
| debt of a little over $500, 900 was not so
| formidable. Secretary Smith concluded by
| painting the disaster that would result from
| the election of Congress and President
| tary was cheered for a full minute as he sat
| down.
| Mr.. Crisp was given a rousing reception
| when he arose. In beginning. he said he
wanted to say that his Brother Smith,"
as he referred to the Secretary, made as
good an argument as he had ever heard in
q
trouble with Mr.. Smith was that he con-
founded a bimetallic standard with BIZ
metallic circulation. 1t was not necessary
for the preservation of bimetallic stand
ard for the two metals to circulate to-
gether. He admitted that in fixing the ratio
in this country Jefferson had consulted the
commercial ratio. but at that time silver
was admitted to free coinage the world
over. If YOU will give US free coinage, he
declared. and festore silver TO liberty, then
We'll talk with you about changing the
ratio. Having been interrupted several
times, he begged that the audience keep
quiet.
This joint debate business may be fun
to my friend Smith," ne said, "but IL is not
fun for me- I'm candidate for the Senate
and I'm anxious to get through with these
Jolnt debates and get down to the business
of a candidate. My friend Smith, however
is not candidate for the Senate. He says
he has no desire TO be- and / have no idea
that the people of Georgia will force him
Here Mr.. Crisp read letter written by
Secretary Smith in 1890, favoring the free
fions With n careful careful emphasis He also read
what purported TO be extracts from two
speeches delivered by Secretary Smith. one
standard, and the other in Augusta. two
nights ago, in which ne advocated the single
standard. The demonetzation of silver
caused the fall in prices, Mr.. Crisp contend
ed. and he. recited the reasons therefor:
First, it reduced the money supply of the
world. There had been hard times In this
found out that silver had been demonetized
they began to agitate for Its restoration.
This agitation had become a crime in the
which was increasing every day. He ridi-
culed the claim that the single gold stand
ard was in favor OF the laboring man: the
dishonest dollar. They did not want one
dollar to have more value than another.
All this talk about cheap money was rot"
20 keep money dear.
Mr. Crisp read from utterances of Secre-
tary Carlisle In favor Of the S free coinage OF
He reiterated his statement that he was a
candidate for the Senate and he, by way of
warning. read from an editorial in the New
York Financial Cnronicle. urging that mon
ey be furnished to sound money candidates
for the Senate in the South. When you pass
the gold and Silver of the world of equal
value. The remedy of the gold standard men
more bonds It r was s,i for the bank
of Mr.. Cleveland did paw off a large amount
of bonds. but that did not alter the fact
+ With hs had ON he people Sa
debt that would amount to five hundred
millions before it was paid
crisp's- close which grew into a roar as
Secretary Smith rose Tor his twenty min
utes' rejoinder. He declared that Mr.. Crisp
not have a bimetallic currency without hav-
ing the legal ratio the same as the COM
mercial ratio. He was willing to rest the
answering the point, Mr.. Crisp had indulged
in small talk and dema gogical appeals to
prejudice against the Ro:hschilds and Wall
street. He was sorry the gentleman had
cast his candidacy for the Senate on so low
a plane. The Secretarys rejoinder was in
terrupted by frequent outbgrsts OF applause
for Crisp, interspersed wsh Kisses and cat
calls. The Secretary called attention to the
historical authorities on bmetallism in
France, which he had read in Augusta, and
closed with defense of the bond issues by
the present administration
College Republican League.
CHICAGO, April 2.--The delegates to the
College League of Republican Clubs. which
opens its convention tomorrow, was given
reception at the home OF the Marquette
Club tonight. A great number OF delegates
are here, and electioneering for the presi-
dency of the league is going on at a lively
rate The leading candidates for the position
are Stephen d. Demmon. Of Northwestern
versity. sdt and e. ]. Hemming, also Of Ann
Arbor. At the convention the following will
make short speeches.: j. F.: Burke. d. s.
Hawkins, TheodDre COX, D. rd =, Sneridan, Ws,.s o.
A banquet will be given in the evening, at
which l. B. Vaughan, A B: Humphrey, Sem
ator Thurston. Governor o,n Bradley: rone Of Ken
T. McCleary, OF Minnesota, and General E.
A. McAlpin are expected to respond to toasts.
The Hamilton Club will give luncheon on
Saturday. L. B. Vaughan. James NJ. Per-
kins, OF Harvard Senator Thurston and other
speakers of the College League will give five
minute addresses. 1t is also expected that
the new president OF the college league will
deliver an address.
Governor Lippitt's Plurality.
PROVIDENCE. r. l., April 1.-The Re-
publican plurality on the head of the ticket
in the State election yesterday was LIZA.
The total vote for each candidate for Gov
ernor was as follows: Lippitt. Republican,
Is AS: Litt,e6eld, Democrat, 17,170: Peabody,
Prohibitionist, 3,oS2; Thiernert, Socialist, L.
224; Burlingame, Peoples, 71S. Secretary
Of State Benefits plurality was 1924 At
torney-general Dubois fell behind his asso-
ciates, but received a plurality of 10,36i. In
Cranston, Westerly and North Providence,
the three towns in which there were bolt
ing candidates. the regular Republican eau