The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-10-11

medical books and the experience of mar
Iied men. has been exclusively confined to
high-strung and nervous women. The de-
monetization of silver and the crime of '73'
was freak of the imagination. 1t solidifed
IN political discussion into widespread faith
the conviction that currency based upon
silver at sixteen ounces of silver to one of
gold was right, when in the open market It
took thirty-two ounces Of silver, to equal
in value one of gold. The idea that
legislation could regulate the immutable
laws OF trade or standards of value was
freak of the imagination 1t was supported
with argument and logic by men OF great
ability and acute powers until it almost
seemed the better reason and was so taken
by nearly half of the American people.
The mistake of Colonel Bryan was the
mistake of all young men whe have made
discovery or promulgated theory of at
taching the theory TO a fact to demonstrate
Sta success or their discovery to an argu-
ment to demonstrate its soundness. When
Colonel Bryan hitched silver and wheat to-
gether as team that always trotted timely
in double harness he knocked the wind out
OF silver; when he stated as an argument
for sixteen to one that deprecated values
and poor markets always went with the
gold standard he nailed his doctrine to
panic.
THE political atmosphere was cleared of
clouds, the financial atmosphere of distrust.
the business atmosphere of despair, and the
American mind of dreams by the election of
William Mckinley. The American people
realized after the election of a Republican
President that the protective policy would
be re-established End our currency. would
no marvel Of electrical invention or appli-
ance which equals the effect which the con-
hdence had upon American industries.
The bugaboo of the scarcity of gold 70
meet the standard of the world has disap-
peared in the increased supply. The gold
conditions prodnced bv distrrSt of revenue
and currency, ran down to $42,OO0,0OO, but
to-day the amount is s223OOO.03O the largest
Tf nave the sace {he
inauguration of a Republican President, and
our exports have increased $2O0,O0O.0OJ We
trade In our favor of $348 100000, and the
total debt of Europe to us Is rapidly APP
preaching S6oo,OOo,oO0 a year. This $14s 100000
decrease in imports during a period when
we have been exceptionally prosperous is
the most significant tribute to the workings
industries 1t means that American manu-
facturers and American workmen are pro-
ducing that vast amount more of fabrics
which were formerly bought the other
side and manufactured in the factories and
by the artisans of other nations. 1t means
that amount more of profitable employment
for American labor; it means that amount
more of the production within our own bor-
ders of the things that our people need; 1t
means the nearer approach to the dream OF
that greatest most creative and faT-sighted
of our ACKNOWLEDGEMENTS Hamilton-of
the independence of our country for all that
1t requires from the rest of the world Our
exports, rising to the gigantic figures or
$1.2cc. 100000, show the dependence of the
world upon us for food and the entrance of
the product of our factories into the mar
kets of Europe.
COMPETING WITH THE WORLD.
s'No one dreamed twenty-five years ago
that it would ever be possible to export
our textile fabrics or our steel and yet to-
day, so rapidly has the inventive genius
of the American mind improved our ma
chinery and the superior workmanship of
the American artisans bettered our goods,
we are not only becoming dangerous COM
petitors with the nations of Europe right
in their own homes and within their own
boundaries, but we are to follow them
across the Pacific and enter the human hive
IN the Orient European statesmen look
upon MS with distrust and fear, not because
or our navy or the possibilities of limitleSS
increase in our army, but because they cam
not see how they are to escape in the future
their dependence upon the American farm
and the American factory or how they are
to stand the perpetual drain from them
back into this country of the only thing
of value which they have to meet the
balance against them, and that is gold Dur
ing the past two years they have returned
hundreds of millions of railway and other
securities. If our country had not been I'M
usually strong, confident and prosperous, We
would have been unable to absorb and pay
Tor this vast investment. and the sudden
unloading upon us of these stocks and
bonds would have caused one of the worst
panicS in our history. Every day we be-
come more and more among own peo-
PIE the owners of our railroads. of our tele-
graphs, of our mines and of our indus
The Republican party is the one party
IN the last thirty-fve years which has
constructive genius. which has been able
TO turn panic into prosperity, which has de-
vised the WAYS and means under every
stress Of peace and war to make our coun-
try strong and great.
For over fifty years American states
men men grappled with, but failed to solve, the
through the Nicaraguan isthmus The ir-
reconcilable divisions in eur Democratic
cabinets made action on the part of our
government either for the ACQUISITION of
f5aWan or for peace and humanity in Cuba
absolutely impossible.
Whether Cuba continues independent un-
ger our prOtectOrate or comes. as l believe
1t will and must, by the votes of its citi-
zenS, under our flag, instead of being a
burden II will nightly enrich our country
ana furnish market for the surplus of our.
farms and our factories. Porto Rico also.
with ITS splendid climate and rich SOIL is
destined TO invite from our country. our
people and our products. The responsibility
or governing these countries and the Phil
ippines is great, but the policy of governing
them by recognizing the manhood of their
peoples has never been tried.
OPPORTUNITY FOR TRADE.
THE inhabitants of these islands will
respond to the effort of a great, generous
and free people, to teach and help them to
govern. themselves. In the meantime their
Increasing productiveness and the varying
industries which will be introduced will
make these distant possessions self-sustain-
ing and sources of revenue. Not only that,
but they will be the growing markets for
our goods There is in this trade the OPEN
ing of new field for labor and new oppor-
tunlties for capital. The congestion of our
market will be relieved, causes of panicS will
be diminished, the fierce competition among
ourselves will be lessened, the farmers of
the West and the middle West and of the
Northwest will find themselves better able
TO compete in the markets of Europe with
Argentina, Russia, Egypt and India. Civili-
cation and Christianity and orderly liberty
following the flag, will bestow inestimable
benefits upon distant semi-barbarous and
alien races This will be TO our people the
reciprocal benefits which come from a thou
sand Millions instead of seventy millions
of people, wanting the products of our SOIL
the results of our agriculture, the output of
our mines and the surplus of our mills our
factories and our furnaces.
The party of Grant and of Garfield, the
party OF Hayes. and OF Arthur and Harri-
son, the party of the great man who now
fills the executive office, is the party to
which is to be intruSted the framing of the
measures for our new condition. if we
would succeed in opening the opportunities
for the larger destiny of the United States.
We rejoice in the strengthening bonds of
national union. 1t was wise craftsmanship
as generals of our army in the war with
Spain, Joe Wheeler and Fitzhugh Lee. The
faded gray of the COnfederacy became a
souvenir of a cause gallantly fought for and
happily lost, and the blue of the Republic
mighty and imperishable, by the loyalty
and love of all its citizens.
But the deliberations of every vestise of
the passions of the civil war is only one of