The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-09-05
THESE SHOW PROSPERITY
INDIsPUTABLE STATISTICS PRE-
sENTED BY j. FRANK HANLY.
His Speech at Carthage Saturday,
Where '9S Even Exceeds
Good Times of '92.


Frank Hanly, former member of Congress,
and now candidate for United States senator
from this State, made an effective speech, in
which he reviewed the commercial pros
perity that has been restored under the Nc
Kinley administration, and discussed some
what the disposition of territory that has
fallen into the hands of the United States
as result of the present war. His asser-
ton that the islands captured cannot be
returned to the dominion of the Spanish
crown evoked great applause, as did his
assertion that the answer cannot be re
mitted to the future" as Senator Turpie
suggested in his speech before the Demo-
cratic convention of the State. In the course
of his speech Mr.. Hanly said:
When history is to be made by the Amer
lean people; when times become big with
responsibility. and the moments pregnant
with portentouS doubt power falls upon the
shoulders of the Republican party. Stop
and think minute Thrty-eight years ago
the Republic faced crisis in its affairs
The people had reached the parting of the
ways. The time had come when the Nation
could not continue to exist half slave and
half free. The choice was to be submitted
to the arbitrament of war. At such an hour
the Republican party found itself, for the
first time, clothed with the responsibility
of administering the government
THE post of duty was accepted, and for
the time being the Republican party be-
game the government. Fortunately for the
Republic; fortunately for free institutions;
fortunately for the people of the world the
mantle of power had fallen upon the
shoulders of giant. The party, moved by
lofty resolve and imbued with high and
thoughtful purpose, was equal to the awful
responsibility imposed upon it, At it's coun-
Gil fires sat William H. Seward. Salmon P.
Chase, Charles Sumner and Oliver p. Nor
ton, but above them all rose the form of
Abraham Lincoln-the greatest character of
the .,t ni net h century There was that
kind, and his life for thirty-five years has
been to the Republican party both an in
spiration and a benediction. Into the brief
term of his administration were crowded a
multitude of supreme events. Not only in
the fields of diplomacy and statecraft, but
upon the field of battle as WE'LL history was
written that shall ilumine and glorify the
Nation while the sun shines and the waters
flow.
less heritage, without which we would be
poor for which we would give all we have,
save liberty. do not desire to review that
great struggle. The wounds inflicted by it,
thank God, are now healed The East and
the West and the North and the South, are
again united, and the bonds which bind
them together are strengthened by unity
of purpose heretofore unknown. The ami
mosities of the past are forgotten by all
sections, and only the valor and glory of
those who commended at Gettysburg and
SpOttsyvania is remembered.
upon the muster rolls of the Republic
appear once more the names of Lee and
Grant, the blue and the gray have marched
together into the storm of battle to the
mingled notes of Yankee Doodle and
of Maryland, My Maryland. and have We'd
with each other in the defense of the coun-
ttry's honor The dream of Lincoln-'an in
dissoluble Union of indestructible States
is realized at last. AS a citizen of the Re-
public l am grateful to Almighty God that
these things have come to pass. and as a
Republican l am especially gratified that
they have been accomplished under a Re-
publican administration, and that the party
to which 1 belong has met the. grave re-
sponsibilities of the last year in spirit
that becomes its generous and splendid past
FINANCES AFTER CIVIL WAR.
When the civil war closed we were in
possession of a currency fiuctuating and un-
certain in value. Through the efforts of the
Republican party specie payments were re-
sumed, and since 1879 the American people
have been blest with a currency composed
in almost equal parts of gold, silver and
paper, floating side by side throughout
every section of the country, always at
par. Of this achievement we have just rea-
son to be proud. The world now admits
that we were right in 1861 to 1865 The De-
mocracy itself has long ceased to contend
about that. Even those who wore the gray
and who contended against US during the
war now admit that it was well for the
North and the South that the Republican
party was then in power. Thrty-five years
of the worlds best history have vindicated
the wisdom, the courage and the patriotism
of LincOlns administration.
1T is also conceded that the action of the
Republican party in 1879 which gave to the
people a safe and reliable currency, was
also right. The Republican party admins
tered the affairs CT the Republic for almost
a third of a century without break or inter-
ruption, and when the sun set on the adj
miniStration of General Harrison on March
4. 1893, we were in the midst of unparalleled
prosperity. Factories looms and mills were
open. There were more orders than could
Il Had TohA had
numerative wages. There was work for
every willing hand. The products of the
husbandman found ready and profitable
market. Enterprise was quickly and ade-
quately capitalized. The year 1892 marked
an epoch in industrial and commercial af-
fairs. The Nation stood on the purple
heights with it's face toward the dawn.
Dunn's Commercial Agency, at the close of
this year, declared: The fiscal year never
volume. of industrial production. in magni-
tude of domestic exchanges, or in foreign
trades has just closed. Our exports reached
the then unparalleled figure OF 81 1903 PA las;
our imports. 1897 1893 1852; making an aggre-
gate of 81, S57 ,672, 610, and leaving balance
of trade in our favor of 800, S75,6S6.
some things have happened in this country
since 1892 of which may justly say, II told
you, So In the city of Kokomo. onl the eve
OF the presidential election, in 1892, after de-
scribing the commercial policy of the Harri-
son administration, l addressed these words
to the citizens of Howard county:
" The commercial policy of the present
administration. if supported by friendly leg
islation will unite the Latin-American re-
puDncS with us in commercial union which
Will be 1mpregnable to European invasion
or assault. These governments are keenly
alive to the advantages to be derived by
us from such policy, and they will not sur
render the markets of a continent without
fierce struggle for their retention; but in
this administration they will find foeman
worthy of their steel. 1t will be the fault
of our own people if we do not become mas
ter OF the commercial and industrial des-
TIMES OF this continent. Whether or not we
shall is the issue to be determined by the
election on the morrow. The event is preg-
nant with veal or woe That the American
people should abort this stupendous policy
by a failure to re-elect Mr. Harrison is to
me incredible. If they should, it will be a
mistake akin to crime.
only prophesy, but, my countrymen. it is
history now.
THE YEAR AFTER HARRISON
1.-THE year 1892 closed. and with it the ad-
ministration of General Harrison. The
change in the financial, commercial and in
dustrial condition of the country was sud-
den and radical The year 1893 was without
parallel in the history of the country. At
the close of this year Dunn's Commercial
Agency summed up its review of the year
in these words: Starting with the largest
trade ever known, mills crowded with work
and all business stimulated with high hopes.
the year 1898 has proven. in sudden shrink
age of trade. in commercial disasters, and
years. Whether the final results of the
panic of 1887 were relatively more severe
the records of that time do not clearly
show.