The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-13
MIR. CAFFERY,s ADDRESS.
The Louisiana Senator Notifies Pal
mer and Scores PopOcracy.

nier and Scores Popocracy.
When the cheering which followed the
reading of the kilograms had subsidized Mr..
Bynum introduced Senator Caffery, who
spoke follows:
General Palmer-I am charged with the
peasant duty of notifying you. on behalf
OF the National DEMOCRATIC party, that you
are It's nominee and candidate for PreSi-
o9l1 ot tne United states Under ordinary
statement OF the causes which led up to
the nomination would be appropriate, but
the Democratic party is no longer solid
the Chicago platform shaped and drove the
oo Weage that has separated it in twain. A
Chicago and at indianapolis discloses the
reasons for the separation.
You, sir, stand on a platform adhering
10 the ancient and accepted doctrines of
true Democracy. 1t declares in unequivocal
terms for tariff for revenue only. the
gold standard, with silver subsidiary
coinage; the enforcement of the govern
ment from the banking business, with a
mental supervision, measured in volume by
the needs of business; the independence
and integrity of the Supreme Court; free
dom and right of private contract and the
enforcement of federal law by the Presi-
dent.
The Chicago platform is precisely the
opposite of those principles. That great
principle of tariff for revenue only is de-
nuded of its Democratic force by dropping
the word only thus leaving a wide margin
for Republican heresy to creep into. this
cardinal tenet. You and the public know
platform at the Supreme Court; at the
Presidents power to suppress riot, affect
freedom of contract. You and the public
know of the attack on the public credit
ana non on bre IS Sssa Of
paper money by the government. 1t is need
less to specify the departures from the
Democratic doctrine contained in the Chi
cago platform. The world knows them and
is amazed at them.
Senator Cafiery then sketched the finan-
cial legislation of this country. charging
the Republican party with imitation of the
currency by the act of 1878, providing for
the reissue of greenbacks. and the Sher-
man act of 1890, requiring the purchase of
large quantities of silver bullion. This in
f1atfon, he said, caused the panic of 1898
He then continued
The nominee of the Chicago convention
propounds that the free coinage in the Uni
ted States alone of silver at the ratio of l6 to
/ with gold will take away from gold just
so much of its purchasing power as was
added to 1T by the demonetization of silver
by the United States lie further says:
We contend that free and unlimited coin
age by the United States alone will raise
the bullion value of silver to its coinage
value. and thus make silver bullion worth
$l.29 per ounce throughout the world. We
have here two propositions which, together,
are the keystone OF the bimetalllc arch.
Take away from gold in the United States
just much of its purchasing power as
was added to it bv the demonstration of
silver and still the utopia is not realized.
BRYAN'S GREAT FALLACY.
with silver worth $1.29 per ounce
throughout the world and with gold
lowered in the United States alone.
bimetallism is further off than ever.
AS the enhanced value given to gold
by legislation for the last twenty-three
years still exists in Europe, and will, be-
yond all question continue to exist, the
mighty Nebraskan creator and destroyer
of values proposes to give us 50-cent gold
dollars in America and 100-cent gold dol
lars in London. He does not extend gold
depreciation beyond the United States, but,
strangely philanthropic, gives TO silver
q S f tne wpba ba makes nnf go it preeisey
equal to the present gold dollar. rms
standard is as wicked as the detested gold
standard 1t is exactly its counterpart.
AS Mr. Bryan makes no claim to a world
wide halving of gold, and confines the pow
against it to her own borders. he gives us.
according to his theory, a 200-cent silver
dollar ana f god staes od hs by
half and raising the worlds silver to $1.29
per ounce, measured in the worlds gold
price
The Senator then quoted statistics to
show that metal production had kept pace
with the worlds money requirements; that
warranted by decreased cost of production,
and that gold has not appreciated conclud-
ing as follows: And nowhere under God $
heaven has the laborer prospered more and
Jared better than in this land, where gold
measures all earthly values No nation has
ever been led by government in defiance of
commerce to adopt Il measure or values and
q mGQ1Qfn OF exchange w Ille SILVER may
answer the needs OF an effete or naScent
civi Aation it would not answer the needs
of the most progressive and most energetic
race on the globe-the American of to-day.
The people of the Cuted States have vol
unfairly and intelligently adopted the gold
standard and they will not submit to the
dictation of the Chicago platform.
The awful calamities to befall the Cit
izens of this country when the thirteen
billions of trust funds and savings. are cut
in two, when the Nations trade is democrat
lied and disordered and the Nations honor
is sullied, no man predict. They will
be far-reachng and destructive, we know.
but the extent of the disaster is beyond
conjecture
Sir, into your hands formally place the
standard of our party. 1t waved over JEFF
ferson and Jackson and Cleveland and it
now waves over a distinguished patriot
who in peace and in war has signalized his
devotion to his country. Never before was
the parricidial hand of the Democratic par
ty raised against the author of its exist
ence-the Constitution. Never before was its
suicidal hand raised against its own exist
ence. Democracy and the country rejoice
that a soldier of the Union and soldier
of the Confederacy unite in peace to defend
their common country it's noble Constitu-
tion and the great party which has upheld
both since the foundation of the Republic"