The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-10-11

most beneficial use of both can be insured
only by the adoption of the former as the
maintenance of silver at parity with gold
BY its limited coinage under suitable safe
guards of law Thus the largest possible
enjoyment of both metals is gained with a
value universally accepted throughout the
world, which constitutes the only practical
plmetaillc currency, assuring the most
stable standard and especially the best and
safest money for all who earn their liveli-
hood by labor or the produce of husbandry.
They cannot suffer when paid in the best
money known to man, but are the peculiar
and most defenseless victims of q debased
ana HuctuaLiDSs currency that offers con-
cost
not the statement of the Republican con-
vention, but of a Democratic convention
the most representative which probably
ever assembled in the country. Senators
and Representatives in public life to-day,
leaders of the Democratic party in their re-
spective States. thus denounce the Demo-
cago. They speak words of truth and
soberness. You cannot debase the currency
public honor. They speak the voice of pa
triotism. They repudiate. their own party
convention and characterize its resolutions
as unsound. injudicfous, unpatriotic and
revolutionary. They are to be commended
by every lover Of his country everywhere,
for their courageous stand and for their
bold denunciation of doctrines. which. al
though adopted by convention represent
ing large body of Democrats. are mem
and the currency of the country.
1T falls to the Republican party this
to carry the standard of national honor
and it shall never be lowered in their hands
They meet the crisis with their. old-time
courage, and If given power the whole
world will know that they will never per-
nit the currency of the country to be de-
based or its financial honor stained
Our adversaries talk fiuently about the
money of the fathers. / want to say for
the fathers that Their money was always
and silver alike constitute the money of
the Constitution and the currency estab-
lished by the early statesmen of the coun-
try. They would have US believe what his
tory does not support-that gold and silver
enjoyed equal privileges in the mints of the
United States during all our history down
the free coinage of silver in 1878 was the
crime OF the century, and is the cause of
of the country. They must know that prior
to 1873 we had then nine millions of silver
enc ba N ne ndred haye nine
of silver dollars, and they constitute a part
of the currency OF the country. They do
not tell US that when the coinage of both
gold and silver was free in the United
States, that the per capita circulation in
the so-called crime of 1873. Why, under the
free coinage of both gold and silver In the
days of the fathers we had in 1900 a per
capita of $4.99. In 1888 it was $3.50 In 1852
it S14. .63. 1872, before the resumption
Of specie payments and when we were
doing business with an unlimited paper
'In 1894 twenty-one years after the sus
pension of free coinage of silver, we had
a per capita of $24.S8, and every dollar
good gold in every part of the world.
We; We m have greater per per capita than ii the
greater per capita than Germany. The per
capita of the whole world is about $515
The per capita of the, gold-stanaard coun-
ver-standard countries-of which they want
to make us one-is about $50 Even in
the god-standard countries we have more
silver per capita than they have in the
silver countries of the world, the gold
standard countries having a population of
less than one-third of the worlds popula-
ton, have nearly two-thirds of the circula-
ton of the worlds currency. The United
States has about 5le per cent. of the total
world. yet it has 32 .1-100 per cent of the
banking resources and nearly 16 per cent
Of the total money supply of the world.
France has higher per capita than the
United States, but the banking deposits in
the United States are sT7.76 per inhabitant,
or $43 greater for each inhabitant than the
banking deposits of France 1t must never
be forgotten that the free coinage of silver
at the ratio of l6 to | would not increase,
tion 1t would add nothing to it. but would
rob us of the good money now have and
put US where the silver countries of the
world are to-day, upon silver basis alone.
There is nothing in our present currency
status therefore to disturb us, except to
defeat the party which proposes to debase
1t. 1t Is the proposition to debase our cur
rency standard that has created consterna-
ton in every business center of the coun-
try has made times hard has driven
money from active industry and put it be-
hind barred doors. where it will be kept
until confidence is again restored. The
people will not consent 20 a decrease of
their circulating medium, nor a debase-
ment of that medium of exchange. If by
your votes this menace to the money and
credit of the country be dspeled and by
the same votes you restore the American
protective policy, that will stop deficiencies
in the treasury and will protect American
industry, and courage and confidence will
come back again Open the mills and mines
of the country by a judicious protective
tariff and you will stop idleness and dis
tress in the ranks of labor, and you can't
stop it in any other way.
What will be the voice of Maryland on
the third day of November? (Cries; of Nc
KinIeyi McKinleyio What will be the voice
of that great city Of Baltimore? (Cries
Of McKinley.o How will that old conserv-
ative city speak for national honor? (Cries
of BY voting for Mckinley and protec-
ticrr)
II thank my old comrades of the war for
their presence here at my home to-day. 1
thank my fellow-citizens Of every vocation
fer having paid me this visit ard | beg to
thank them in the name of the Republican
party for their assurances of loyal support
to the principles of public honor, public
honesty, a protective tarifI, sound money
reciprocity which viii bring to us | trust
and firmly believe, good times, from which
we wildly away in 1892. / thank you
all and bid you good afternoon Three
cheers were then given for Mckinley