The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-24

the maxim that nothing is cheap to one
producer that is made cheap at the eX-
pense of another producer will hold good
the world over. Hence. when a. product
he can. with certainty. CONCLUDE that MS
own product must be cheapened according
~. The only real consumer, however. Is
he who subsists upon past a~ccumulations,
who does no work. who produces nothing.
Such a man is a blemish. a wart on cur
body polite. whose example is demoraliz-
ing and tends to- excite evil among the
people. / see no good reason why the toll
of others should be cheapened in order that
this class may live at less expense.
II will disclose the sophistry of low
wages and cheap living with a single ex-
ample: Suppose "A laborer has al little home
mortgaged for $500 that he is striving TO
pay. He is now getting 81 a day, and with
steady work earns 500 a year. BY strict
economy he spends $3.50 for family expenses
and interest and pays $50 annually on the
mortgage. With no accident he Will pay
out at this rate i'm ten years. BY doubling
and by doubling his cost of living he would
expend 500. But In this case the differ
doubled. also. and he would be able to pay
500 each year on the mortgage instead of
500 This would enable him 10 pay of his
debt In five years and give him the other
fve years in freedom and happiness. The
doubling of wages and prices would work
the same in all cases. and soon bring to our
people JOY and co~ntentment."
Mr.. AcLaurin's demand for a duty on cot
Ton created a mild sensation, but it was
80 oPDihOdtu ID VI NHt Dtii-
ocratic members from the cotton belt.
WhlIe he was contrasting the vast wealth
OF the manufacturing States of the East
with the poverty of the farming States OF
the South Mr.. Linney (Rep., y. c. asked
him what was to hinder the people of the
ing in the spells instead of 'cussing' their
more enterpriSing rivals.
THE state of affairs produced by the ex-
iStence OF the Republicans and Populists in
the Carolinas." replied Mr.. McLaurin. pre-
vents the investment of capital"
rs not free raw material the pet doc
trine Of the Democracy asked Mr.. Linney.
1T is the pet doctrine" RESPONDED Mr..
McLaarin with emphasis, "of the Democ-
racy represented by Cleveland and Carlisle
and those who have prostituted the name
OF Democracy and who were. your aids and
portion of the Democrats ON the floor an
plauded this statement.
Did not William j. Bryan vote for free
wooI?'
William J. Bryan" retorted Mr.. Nc
Laurin. was responsible for his vote to his
constituents and John L. McLaurin is re-
sponsible to his
Mr.. Dolliver then delivered his speech.
A V~IRGINIAN'S SPEECH.
Mr.. Swanson (Dem., Va, member Of the
committee on ways and means, commenced
his speech by referring TO the great po-
litical revolutions which have occurred in
this country for the last twelve years at
every national election. He claimed that
it did not indicate any fckleness on the
part of the people. but an honest effort on
their part 10 obtain the prosperity they
sought. He said that i'm less than four years
two extraordinary sessions of Congress in
times of profound peace had been called
to remedy the existing depressed condi-
tions. He insisted that the present evils
could not have arisen from deficient rev.
enue or from the impaired credit of the
government. He argued that the want Of
adequate protection for American indus
tries could not be the cause of the present
~sertiOn, if true. would be that there had
been an increased Importation of foreign
goods and that this importation had Hood
ed the markets and prevented the sale OF
home goods. He argued that the depressed
condition of the manufacturing industries
had not resulted from foreign competition,
but that the home manufacturer had lost
his market not because the foreigners had
taken it. but because his customers were
too poor to make purchases; that relief
could not come to the manufacturer until
the price of wheat, corn, oats, tobacco and
of other products increased. He insisted
that the low price of these resulted from
the appreciation of gold. which. would con-
tinue SO long as silver was demonetized.
impression that the Sugar Trust only re-
| ceived a diferential of one-eighth of a cent
per pound, but asserted that this was not
true and that the differential in favor of
the trust ranged from one-quarter to sew
~en-eighths of a cent per pound. In con-
Clusion. he characterized the bill as the
w C4OI lNlA III ~ 49, -
prohibitory in its character and most i'm
iquitOus ever sought to be enacted in this
country.
/ Mr.. Cochran Dem. MOI. the last speak
er of the day, while denouncing the Re
publican policies produced a burst of APP
plause on the Democratic side by referring
to Mr.. Cleveland as that great Republican
leader" This bill. he argued, was an ef-
fort To evade the real issue before the
country. At ) o'clock the House took a re-
cess until : o'clock.
/ The night was given over to set speeches.
Il There u-1ra NOT nXQr forty members on the
floor. but the galleries were crowded TO the
doors. Mr.. Howard pop. Alabama) de-
Iivered a speech reeking WITH denunciatfons
of capital and charges of ~fcOrruptlOn and
jobbery against all branches of the govern
ment. Mr.. Sperry (Rep., Connectlcup, in
the course of his speech. presented a petit
ton from the president and faculty Of Yale
College in favor Of placing books on the
free list. The other speakers were Messrs.
Adamson Dem. Georgia). Clardy Dem,
Kentucky and Kelly Pop. South DaAotd.)
At 1880 the House adjourned.