The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-10-21
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ons in profusion, many OF them filed with
| pretty girls or children in uniform The
4 people in the country did not hesitate to
1 don the gold Everybody in the procession
was showing his her colors, with u
/ sash, hat, ribbon or a whole uniform
| of yellow. A feature of the parade was a
| log cabin wheels. with the barrel OK
hard cider, the guards. the coon skin and
the live coon, just like you have read
about in the Tippecanoe campaign. A
! stand had been erected In the big open
| square near the station and decorated with
bunting, in which gold predominated. Here
| General Harrison was received with tre-
mendous cheering by 5000 people gathered
about and many more were thronging
the streets of the town. He was introduced
| by j. H. Miller and spoke rs follows:
| My Felow-cisizens-I saw a banner as 7
| came along with this inscription: We are
| friends OF gold and silver 1t Is worth
our present money IS in IN e9asg order thst you
| may understand that the Republican party
is the friend Of gold and silver. We have
| been coining-beginning in 1878 and contin-
| uing until the passage of what Is known
as the Sherman bill in 1S9O-not less than
| administration is now coming a large
amount of silver into standard dollars. lip
was organized, had only coired s.0o0,0 600 sill
| yer dollars. 1t has coined this last year
between the 1st of January and the 1st of
September 100000 more silver dollars than
was ever coined in this country befors
I'VE have now over 4oo, 100000 silver dol
| lars in circulation. We have gold in circu-
| lation, about 900 of it, we have
| certificates and national bank notes. We
have vast volume of currency: and every
sreenbacks or % treasury notes notes, is Is the ho equiv "
| alent of every other dollar of 1t. No dol
discount. You take them in trade without
| looking to see what they are. You done
carry any, bank detector arosnd in your
pocket and pull 1t out as you used to do
| as some of our old friends here remember
in free,bank times in 1ndiana--to find out
| the bilfs worth. | see one of my friends
| smiling; he remembers when they used to
| publish daily bank detector; yesterdays
| bank detector was not good.
WHO is HURT BY BAD MONEY?
Permit me to ask those of you who re-
member those times. who got cheated with
that money? Why, it was the farmer and
| the workingman. The banker didn't get
| cheated because he knew just what bonds
were deposited with the Auditor of Stats
to redeem it; he knew what tho currenc
value was, and he was always discounting
little inside of that value. But somebody
came out to your farm to buy u steer and
| you were ten miles from the county seat
He paid you and you waited until the next
| day to go into town with it. and found It
| had deprecated twenty-five cents on the
dollar. You were the people who suffered
| from that deprecated money; and when
| ever there is money that is going up and
down it is the farmer and the workingman
who is busy from morning till night, and
| has no time to read the dispatches from
| New York and find out what is going on
| he IS the man that is cheated.
| NOW about our present money, what is
| the proposition? The Republican, PROPOSE
@ oioh Is 20 use Just as much silver. as w,s
G,tm rba+ ana u @ MAINTAIN its parity with gold.
| countrymen, say to you there isn't a man
who cannot understand it that when YOU
1 a hn iC kao
as gold dollar the gold dollar will not cir-
cuiate A good many of you remember tho
circulation then because it was at a premi.
ufn. These greenbacks that we issued were
ciated until at one time two dollars I'M
greenbacks would not buy dollar in gold.
it went into hiding in the bank; it was
specuiated upon. You remember we had
some son Indiana people who did not believe
| great struggle, and they went to buying
gola; oHenl tnat IS we went to betting against the
failed gold would have gone up more Well
they lost their bet and we are<aif glad OIL
When we have coined silver freely, wheu
we have abandoned the present policy
which is that the government buys the Sill
Yer at the market price and If there is
any profit in it the government takes it.
and the further policy of pledging the
government to keep every silver dollar as
! good as a gold dollar, 1t will drive the gold
out of circulation, and we will have moth
The Republican party is the friend of
goid ana silver. Mr.. Bryan and his party
WIZ bring In silver monometallism and
drive gold out of circulation. Mr.. Bryan
says says that % silver will go up if we coin it
! paraging. ! do not want to follow that
gentleman in the use of opprobrious epi-
| ing hyprocites; he has said we were JekyIls
and Hydes; he has said other things that
| must think, has lost a sense of the dig
hLy, hlty OF MS present position-couId say.
have, this. to say; that the policy he adj
xocates is one of silver monometal-
we coin all the silver that is brought 10
| the United States mints from our mines,
from from Mexican an mines, from South American
mines and from mines of all the countries
| in the world, that the very act of coming
1T will put up the price of silver to a parity
| Mr.. Bryan has no experience as a financier.
| do not think it is written in his biography
| that he ever managed any business enter
| prise. He has no Knowledge of this mat
| ter ter except what you and ] can get by read
ing books; and 1t doesn't seem to me. that
| he has read profitaby.
| There is not a silver country in tho
world-a country that is coming silver free
ly-where gold circulates with silver. There
! IS no gold in circulation in Mexico. Wren
| the Mexican government wants to borrow
| has to issue gold bonds. promising to pay
| the principal and interest in gold and
| when 1t pays that interest II has to give
| two of its silver dollars for every gold
dollar the bond calls for.
AS nave Sdfd the Tree coinage OF silver
Will drive gold out of circula ton and the
| erect VIII be to contract circulation
| $500 000O0 That means panic in business
| II means a depreciation OF prices of all
| kinds. 1t means the closing of our fec
| tories. 1t means n black Friday, not only
| in Wall street but in every hamlet ana
village in the United States. Recently
| there came to New York the vice president
of the Bimetallic League in England-a
Mr. Frewen. When interviewed In New
York he admitted that the first effect OF
the adoption of free coinage by the United
States would be tremendous and all per-
vading panic Some of the other silver
men have admitted the same thing. Some
of their newspapers have admitted It, If
they had not we would know Ii anyhow,
because you cannot drive out of circulation
six hundred millions of our present money
without producing panic.
AS TO STANDARDS.
"These gentlemen say that everybody
agrees that bimetallism is a good thing
and that nobody declares for the singls
gold standard. Let us look little at what
is meant by that and will see what Is
implied by the double standard. You know
what standard is? 1t is "A measure. Sons
of these men who hear me--boys then, In
the hope and courage of young and stall
wart and patriotic manhood-stood under
the standard that the surgeon put on their