The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-10-31

with abundant crops and a large foreign
demand for them. as we'll as for articles
consequence Europe to-day owes us many
millions-I might say hundreds Of millions
in the United states a larger @ stock Of gold
than any European nation, and probably
one-third more than Great Britain. ..oo 90
OO0 OF gold, can do its own banking on gold
alone, and also do the banking of all the
rest OF the world. surely we have a suf-
actual market value of the hundreds of
millions of silver owned by the government
We lack only intelligent and honest legis-
lation.
1.-THE war with Spain has but emphasized
a condition previously prevailing, In that
porters solely Of raw material-in an inferior
commercial condition to the leading nations
of Europe.
1--WE have now for several years been ex-
porting very largely of manufactured ar
ticles In order to make and retain foreign
markets for our manufacturers our com
merce must be conducted as economically
as that of England, France or Germany,
and without subjecting it to any risk or
in respect to which those articles are to be
manufactured at home or sold abroad. Nor
longer to run any risk of the price to con-
sumerS at home being enhanced by doubts
as to the maintenance of our now existing
1.-The mere statement OF these propositions
seems to carry conviction, and the wonder
is that the silver-mine owners have been,
and still are, able, for their own sole ben
eft, to delude so many of our fellow-citizens
in the western and southern parts of the
country.
1.-THE campaign of 1896 was notably one
of education, and that our people then
learned much about finance was shown in
Mr.. Bryan's defeat. 1t remains, this year,
to push the good work then begun to a con-
clusion by electing both House OF Rep
resentatives and Senate which will carry
out the pledges made by the Republican
party in iiSS6. - V ~ ~
Trailing this, the commercial progress of
the country will for time be set back:
but as truth is strong and will prevail,
the work, though now neglected. will be
done over again, and more thoroughly, at
some subsequent election.
Let US seize the present opportunity NIT,
of another panic, which will surely come
If the slightest question is allowed to re-
main or arise as to the power and intention
of the federal government to. at all times
redeem in gold each and all of its promises
to pay dollars.
]. Sterling Morton, of Nebraska formerly
secretary of agriculture:
Health and normal circulation of un-
tainted blood is a condition precedent to in
divdual happiness and prosperity; but not
more essential than honest money with the
least possible f1uctuating purchasing power
is essential to the welfare of agriculture,
commerce and manufacture of the United
States.
Money is the only thing men work to get
which never benefits them until they let go
OF .. It, ., wor,dw,ds nrrcbos,rg mower
money that is desired and demanded by CIV
ilized people everywhere, is the best money
for Americans, because when they let go or
that money in any market, at home or
abroad, that money will bring them salts
factions and values equivalent to the value
of the efforts, services or goods with which
they bought that money.
I'm all his historic career man has never
made anything permanently money which
did not have value as commodity before II
became money. Money existed long before
statute law and the idea of legal tender.
Nobody thought in former times that any
government could create value or add to
value by mere edict or statute. And 1T is
safe to say that only nobodies in economics
and nobodies in financial experiences think
so now
the enacted ratio between the coins governs
the relative value of the metals in bullion.
philosophers ana economists declare Inat
the relative value of the metals In bullion
determines the relative value of the coins.
WHO is right-the demagogue, the char
latsn? Or the philosopher, the economist?
1.-The coming election in each congress-
ional district will be either correct or an
erroneous answer to those questions. The
tentment 1t can have none except with
healthy circulation of honest money. 1t
may have all other resources, but without
safe currency neither agriculture nor COM
merce nor manufacture can flourish.
1.-THE election to Congress OF any man who
advocates the. debasement of the currency
menace to the commonwealth. The money
question overtops all other questions.
Turn on the light! Show. the people the
experiences of all the commercial world
during thousand years unanimously con-
denim.
'Let labor in every town and county re-
member that labor is the great creditor
power of the United States. Then labor
will demand compensation for its services
LIQUIDATION for the loan of itself to employ
ers-in that money Cor its equivelant) which
civilization has pronounced the best money
gold.
of silver at is to is an attorney for the
degradation of American wage earners.
Every congressman declaring for me-
tallic money which must be uncurrent in
foreign countries at the mint valuation
placed upon it by the United States is an
enemy to American farmers, producers and
exporters.
IF the silver theories prevail this coun-
try will become a silver monometallic coun>
try like Mexico. Then all we export VIII
be paid for in silver. Then all We import
the premium With honest money and the
gold standard we survive advance and
achieve; without it we decline, die and de-
cay"
Ex-Assistant Secretary of the Treasury
Charles s. Hamlin, of Boston,:
at believe it to be Of the highest impor-
lance that a sourd-money Congress be
elected in the coming election The silver
delusion is on the wane and most or the
people begin to comprehend that 1t would
be more difficult to get cheap dollars than
dollars of the present standard; that they
would have to work harder and receive, in
the end, less remuneration-in other words.
that free silver would affect them just as
does a protective tax~. Every effort should
cuseS and the polls, that the real Will OF
the people be made manifest
HE WORRIED TO DEATH.