davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal., 1898-01-31
A LOOK AHEAD.


1t looks now as if the opening Of the twen-
tieth century might witness the beginning
of an era of international rivalry which will
end in making the United States the great
est commercial power in the world. We
seem to be on the eve Of new struggle for
control of the worlds markets under con-
ditions which point to the United States as
the winner. There are many indications
that such is the case 1t has not been long
since a prominent European statesman
called attention to the growing commercial
power and manufacturing interests of the
United States and urged commercial alli-
ance of European nations in self-defense.
He insisted that, from European point of
view, the danger was not so much from one
arother as the common menace to all in
the commercial aggressiveness of the
United States. The hold which this coun-
try is getting on the markets of the world
is recognized in England as well as on the
continent. The London Economist. in re-
cent article. called attention to the remark
able growth OF our foreign trade during the
last year, and said:
1t is necessary now to explain how the
American manufacturer has come so sud-
denly 10 the front and manifested so con-
trolling an influence over the iron and steel
trade of the world. The changes which
have taken place liz the cost of production
in the United States are simply marvellous,
and could scarcely be credited were il not
vcuched for on the very best authority.
Much is no doubt, due to the free use of
the wealth accumulated during the period
of high prices. and which has been spent in
the extension and erection Of new works,
securing every possible Improvement in
labor-saving machinery. coupled with
economy in every department: and all
this has been assisted by the cheap cost
of transport over long distances by rail. IT
viii surprise many to learn that coal is
much cheaper in America than in England.
The recent growth of our foreign trade
may we'll excite surprise. The seth day of
last June completed fiscal year without
an equal in the annals of our foreign trade,
our exports reaching the enormous total of
81 o32 99S $50, and exceeding by over $17 OO0 600
the largest aggregate of exports in any pre-
vious year The balance of trade in our
favor during the year, that is the excess of
exports over imports. was $2S7. 613 1856, the
largest in our history. What is more to the
point as indicating the growth of manufac-
turing is that the export OF manufactured
articles during the last fiscal year reached
an aggregate OF s276.S57 s61. as against $685.
5Il,l7S during the previous year, gain Of
The Indianapolis journal., 1898-01-31
THE MONETARY CONVENTION.

As an example of spontaneous generation
the convention was a success, and, having
sprung from nothing. it has appropriately
dissolved into othing-Chicago Dispatch
tDem.)
After calm and mature breathing the in
dianapolis monetary convention unanimous
ly indorsed the financial reform plan so
ably constructed by the Indianapolis none
tary onvention.-Chicago News Qnd)
The welfare of the Nation is involved in
the readjustment of it's financial system on
the lines proposed by the Indianapolis move
ment. and if the present Congress refuses
to perform its obvious duty. then the fight
must be continued until a more patriotic
body shall be chosen in its plaee.-Detroit
Free Press Qnd Dem)
That four hundred busy men representing
every section of the country should have
journeyed TO meet at Indianapolis in mid
winter to act on the report of the commits
sion is fact of itself full of encouraging
significance, for 1t is a revelation of the
widespread strength of the currency reform
sentiment-Boston Transcript Qnd Rep)
The meeting in indianapolis was one OF
the largest and most representative gather
ings of business men ever held in this coun-
try. and its magnitude as well as the char
acter, influence and commercial interests
of its MEMBERS must commend its utter
to the serious consideration of the country
at large.--New York Mail and Express
(Rep.)
The convention has nothing to do with
temporary conditions and exigencies which
Congress must respect. 1t is dealing with
eternal and unchanging principles, and has
worked out q permanent basis of currency
reform which may have TO be approached
through generation of preliminary educa-
ton of public opinion.-New York CONNER
cial Advertiser (Rep.)
1t is not enough that the government
may not have to provide "all the gJd for
the ultimate redemption of bank notes.
1t ought not TO have to provide gold for the
redemption of any Of them The banks
ought to be required to redeem their own
notes in gold if they insist upon gold re-
demption Bank notes redeemable only in
silver will hardly be acceptable if gold is
to be the only money of final redemption.
Chicago Chronicle (Dem)
With the friends of a sound currency
system taking the aggressive and forcing
the discussion of this issue more than
two years in advance of the next presi-
Dental campaign the conditions will be
reversed. The Indianapolis convention has
furnished the keynote for the friends of
currency reform, and from this time for
ward they should take the offensive, in
stead of waiting until there is no role left
them but defensive one ip the heat of
presidential canvass. - Philadelphia Times
(nd. Dem.)
The Indianapolis journal., 1898-01-31

convention could not be changed with the
Senate so that the Nation might have the
direct benefit of its wise financial views
South Bend Tribune.
The great success of the monetary con-
ference at indianapolis and the uncommon
good sense displayed by all of the members
will certainly prove more than mere hint
to the members Of ConSress.-Martinsvi
Republican.
Senator Teller is so anxious to have it
appear that he is Republican that it is
evident that he wants to convince himself
that he is. The senator will have to use
some argument more weighty than tears.
-Muncie Times.
We insist that in the absence of some in
ternational arrangement for the free coin
age of the money metals at fixed ratio,
the present gold standard must be main
tanned. In no other way can the credit of
the country be maintained ana commercial
and Industrial prosperity be promoted.
-MiddletoWn News.
The monetary convention at indianapolis
has given great impetus to currency re-
form. Every citizen will do well to study
thoroughly the plan proposed. This plan is
the result of the most careful consldera-
ton by the successful business men OF our
country. This fact alone entities the
recommendation to the thoughtful study.
Seymour Republican.
There will be no wavering Of the Repub-
lican press on the financial question. 1t has
passed beyond the platform stage as amend
ed at st. Louis and is now demanding action
by Congress along the line suggested by
the monetary conference. Promises, unful-
filled never sustained the Republican party
In continuous victories, and no one knows
this any better than the newspaper men of
the cOuntry.-AnderSon Herald.
The overwhelming majority given the
Teller resolution in the Senate is of course
not representative of the public sentiment
of the country on the money question. The
truth is, the Senate itself is no longer
representative body on that or any other
question. 1t has ceased to be the conserva-
tive side of Congress, the check upon the
supposed passion or prejudice of the popu-
lar branch.-Richmond Item.
The passage of the Teller resolution in
the Senate places black spot on the record
of the present Congress. Indiana has to
bear her share of the disgrace, one of
her senators (Turpie) voted for the resolu-
ton, which was passed by a vote of AZ to
80. Her other senator (FairbankS) how
ever, distinguished himself and honored his
State by uttering one of the strongest pro-
tests against the measure that was made
on the floor of the Senate.-Richmond Pal
ladium.
There is confidence in all our currency,
and for this reason no one cares, unless
frightened by the scarecrow erected by the
Tellers, the Stewards and the Joneses,
whether payment os debt or for service is
in gold, silver or paper. But in the agita-
tion there is an objective purpose, and that
Is the creation of q silver standard. It cam
not be accomplished at once, indeed not
until the country has been carried for free
coinage or something of that sort, and this
manufacture of sentiment against the gov
ernment'S creditors.-Lafayette Courier.
The Indianapolis journal., 1898-01-31

quarters in this city, and also to continue
the educational campaign for currency re-
form. The convention was composed of 100
delegates from 1sO cities in a large number
of States. These delegates and their COM
mission have already done a great work
for the cause of sound money and currency
reform, but they can do more. The work
OF continuing the propaganda for currency
reform should not be left entirely TO the
executive committee. Every commercial or
ganization that was represented in the con-
vention should meet and adopt resolutions
urging their senators and representatives
to vote for the commissions plan. or some
other embodying its principles. The united
sentiment of the business men OF the coun-
try thus expressed through commercial
bodies would have great weight.
The Indianapolis journal., 1898-01-31

about s4S, 900. or over q per cent Nearly
year consisted of manufactured articles, a
larger proportion than ever reached in any
year since the war.
The foregoing figures relate to the fiscal
year ending last June 90 but the same con-
Gitions continue. The imaginary line
formed by the end of the fiscal year did
not check the growth of our foreign trade.
Official statistics show that our exports dur
ing the month of November, 1897, amounted
to $l14,639 664, against $107 ,77S in 1896.
while during the eleven months ended Nov.
60 1897, they aggregated $956 675,S S74, against
$50 1892 during the corresponding eleven
months of 1896. The story which these fig
ures tell is corroborated by the statements
of American travellers abroad and the re-
ports of foreign orders by American manu-
facturers American products are met with
everywhere, and are making their way in
the markets of the world at rate that sur
prises and alarms foreign manufacturers.
American manufacturers seem to realize
that they are on the eve of great revival
and struggle for commercial supremacy
which will test their ability and resources
tc the utmost. The National Association of
Manufacturers, which has just met in New
York, devoted large part of it's time to
discussing ways and means of extending
foreign trade. The discussions were marked
by a spirit of hopefulness and determina-
ton which augurS well for future success.
The shipping question, the feasibility of es-
tablishing sample warehouses for American
goods in foreign countries reciprocity of
trade and other kindred questions were dis
cussed with a degree of earnestness and in
telligence which showed that American
manufacturers are awake to the opportu-
nifty that lies before them and are g.rding
themselves for a royal contest for the mas
terry of the worlds markets. The contest
mas already begun, and while it will not be
Won easily nor finished soon, no one who
mas faith in American energy, enterprise
and resourcefulness can doubt how it will
end. Long before the close of the twenti-
eth century the United States will be uni
Versally recognized as the greatest Of all
commercial powers and mistress OF the
markets of the world.
The Indianapolis journal., 1898-01-31

After much agitation of the subject wheel
men in New York succeeded in having some
asphalt strips built along the sides of GER
tain granite-paved thoroughfares in that
city They have since discovered that they
made u mistake in nos having the asphalt
put in the middle instead of next 90 the
curb. 1t is impossible to compel wagons to
keep off of their strips, and matter of
fact it is often necessary for them to stop
at the curb. If the strip had been in the
middle teamsters could have been required
The Indianapolis journal., 1898-01-31

Mr.. Teller, who has no idea in politics
but forcing the free coinage of silver, and
the Vests, who are the foes of Northern
ideas now as they were during the war,
found that they could get more votes for
the entirely irrelevant Matthews resolution
than they could for direct declaration for
free and unlimited coinage of silver, so they
resorted to that trick to make the country
believe that the silver sentiment is
strengthening. If there had been a direct
vote upon a free silver coinage bill Chand-
Ter of New Hampshire, Gray of Delaware,
Lindsay of Kentucky, Murphy Of New
York, Shoup of Idaho, Warren of Wyoming.
and Wolcott would probably have voted
against it, thus changing the vote on the
adoption of the Matthews resolution to 40
yeas, 80 nays. This assumption is based
upon the statement of several of the sena-
tors above named that the resolution had
no bearing upon the question of free coin
age.
The Indianapolis journal., 1898-01-31
FOES TO PROSPERITY.

The purpose of the resolution is plain
enough. The desire that prompted 1t is to
unsettle business confidence and stop the
revival of prosperity that would be the
worst calamity possible to the silver poll
ticians. Their promise of last year that
they would give the sound-money policy
chance TO prove whether it would revive in
dCStry has been discovered by them to be
too costly and they adopt their favorite
the increase of activity and the improve
ment OF the condition OF labor that has
been Tor more tnan six months entirely TOO
marked to be comfortable for them.
So says the Pittsburg Dispatch, an inde-
pendent paper, which quarrels with Repub-
lican rule in Pennsylvania and opposes cur
rency legislation by the present Congress.
It is a true statement, because it is sus-
tanned by all the declarations of the silver
mine conspirators and the constituencies
politicians who support them in the expec-
tation that political victory can be won by
adherence to the cause of free silverism. For
months the organs of the Bryan party have
been ridiculing the idea that prosperity is
spreading over the country. At length they
fear that they are not believed. The reports
of the commercial papers, the quickening
of every industry except cotton manufac-
turing, the payment of millions of dollars
of mortgages by the farmers of such States
as Kansas, the ascerIained fact that in the
iron industries a quarter of million more
men are employed than were during the
months that Bryanism paralyzed industry
and enterprise, the largely increased loans
to business and the yet larger deposits of
money in banks, the abundance and low
rates of money, and many other evidences
of prosperity cannot be nullified by the
clamor of calamityites and the ridicule and
lies of Bryan organs; consequently, the
reckless leaders of the silver-mine trust in
Congress have resorted to this attempt to
unsettle business confidence They would
hail with unspeakable delight the closing of
factories, the suffering of idle thousands,
and the poverty of the producer, because it
would help them to force the country into
silver monometallism.
History repeats itself: the average Dem
ocratic organ and local leader is no wiser
than he was in August 1864, when both de-
nounced the war as q failure, denounced
the draft as oppression of the poor and en-
couraged desertions. There is nothing that
such politicians will not sacrifice for what
they assume to be for party success. For
tunately. now. as in 1864, tens of thousands
of patriotic Democrats will not be led by the
tools of the silver trust any more than were
their fathers led by the skulking -in-the-
rear dupes of Jeff Davis
The Indianapolis journal., 1898-01-31

The following, from the Terre Haute Ga
zette, shows how a usually fair and truthful
paper may be misled by lying Associated
Press dispatch like one recently sent out
from this city. The Gazette says:
New Yorl's delegation to the recent mon
etary convention was dissatisfied with the
financial plan proposed. However, it did not
press its point. Peace was purchased and
the objecting delegation pacitied. This was
done on the mutual understanding among
all the delegates that it really made no diff
ference what the convention recommended
since Congress would not do anything, any
way.
Now, the truth is that out of six delega-
tions from New York city, including twenty
nine delegates, only one delegation, number
ing five members. dissented from the report
of the commission in one point. Every one
of them voted for the resolution approving
the report, and since their return to New
York, all have united in a statement declar-
ing their entire sympathy with the main
features of the commissions plan and ex-
pressing the hope that 1.-The necessary legis-
lation may be secured to give effect to the
principles of the single gold standard,
sound bank currency and the governments
retirement from the banking business"
The Indianapolis journal., 1898-01-31

HnllaOelDnla PreSS.
The Deutschland, which started out with
a flourish from Kiel, royal prince on the
quarterback, ito preach the gospel. of his
Majesty's person" in China, lies coal bound
at Socotra, useless and defenseless, with
empty coal bunkers. This big, powerful
battle ship has not coal capacity enough
to go even from one English coaling station
to another.
IF our big battleships were to start across
the Pacific they would be in the same plight
unless they could stop at the Hawaiian ISL
ands to recoal. The gaps which the
Deutschland has to cover in going from
Germany to China are nothing like so long
as those across the Pacific. Without coal
ing stations to recoal his vessels the Kaiser
has made an international spectacle of him
self by starting off a big battle ship for
China. Unless we hold the Hawaiian ISL
ands, fortify them and provide coal, we
are powerless in the Pacific. Our navy cam
not leave our own shores in force, and il
1t does it will make the same spectacle OF
itself as has the German battle ship. Tle
next war will be fought by battle ships.
The plight of the Deutschland shows how
hopeless such vessels will be without coal
ing stations.
The Indianapolis journal., 1898-01-31

high social Importance to the whole COM
munity- is most serious problem clearly
presented and temperately discussed in Mr..
Durham's article.
In the Atlantic Russell Sturgis writes OF
the true education of the architect and lays
down as essentials many things which most
young architects probably know little about.
He should begin. the writer thinks. with
the quarry and the lumber yard, learning
all about materials and their possibilities
from the beginning. He must be expert in
all the branches of building. "A familiarity
with details. not unlike that of a master
builder he must combine with u knowledge
of principles and OF possibilities tar beyond
that OF the master builder, so that good
work will come to his buildings as of mer-
liable sequences and bad or even slighted
work will be impossible in them" In addi-
tion to this expert knowledge he should he
q freehand well us mechanical
draughtsman, and should have some skill
in modelling; he should discard the in
fiuences Of the present epoch and study
architecture as a fine art, which has not
yet reached it's highest development.
Whether they agree with the writer or not
the article cannot fail to be a suggestive one
to students.
The Indianapolis journal., 1898-01-31

When a man once begins to advocate
wrong principles there is no telling where
he will land Senator Teller in his speech
advocating the payment of government
bonds in deprecated money turned aside to
say that he was opposed to savings banks
unless they were under government control.
He said the present system OF savings
banks was not good for the people. That
does not seem to be the opinion of the
millions of people who patronize them and
great bereht. OF course Senator Teller's
opposition TO savings banks is due to the
fact that their managers, like all other
honest. level-headed business men, are OPP
posed to the Colorado plan of free silver at
Is 10
The Indianapolis journal., 1898-01-31

The st. Louis platform, quoted by Presi-
dent Mckinley in his New York speech,
says:
We are unalterably opposed to every
measure calculated to debase our currency
impair the credit of our country. We
are, therefore, opposed to the free coinage
of silver, except by International agreement
with the leading commercial nations of the
world, which we pledge ourselves to pro-
mote. and until such agreement can be OBJ
tanned the existing gold standard must be
preserved.
Under this resolution the first duty of the
Republican party is to maintain the exist
ing gold standard and oppose the free coin
age of silver except by international
agreement. AS international agreement has
been demonstrated to be an impossbility
and the further consideration of it waste
of time, the party should devote its entire
energy to establishing, protecting and MAIN
tanning 1.-The existing gold standard" 1t is
time to stop ''monkeying'' with silver.
The Indianapolis journal., 1898-01-31
INDIANA PRESS OPINION.

Currency reform is demanded and the
probab abilities are that it will be carried out.
-Pendleton Republican.
There were no sectional or even party
lines developed ut the monetary confer
ence--Fort Wayne Gazette.
Tho people are not ready to plunge into
repudiation and inaugurate the worst finan-
cial panic that ever affected any country
-Elwood Call Leader.
The monetary convention was composed
of solid, practical. able business men, proba-
bly, just as competent TO judge of the needs
of the country on the money question as
the United States Senate, which declared
for free silver. II is pity the monetary
The Indianapolis journal., 1898-01-31
Pierpont Morgan. Unique Idea.

Leslie'S weekly.
1t is said that ]. Pierpont Morgan, the
eminent financier, is endeavoring to unite
the bituminous coal mines of the West and
South in a combination in the nature of
trust, for the purpose of conserving their
management and operation. and saving
them from the ruinOus results of fierce
competition. The bankers plan, it is also
said, includes novel arrangement by which
the miners will lie assured of better pay,
and of an advance in wages corresponding
with the growth of the profits of the COM
bination. If the organization of coal
trust will improve the condition of the
bituminous coal miners and their families.
involving the welfare of nearly a million
persons, no one will complain. The depres-
of these miners to the condition of poverty,
and the widespread distress in the btu
minous coal regions has been the subject
of frequent and severe comment
The Indianapolis journal., 1898-01-31
WIN Low Believe 1t.
New York Evening Sun.

NGW IOIh ENtIIIIS puIIs
Tx-Mayor Abram S. Hewitt in the course
of q speech yesterday said LAS for my
self. think that the close of the nineteenth
century finds the world infinitely better Off
than ii was at the beginning of the Gen.
tury. There is more of everything that
people want. There are more comforts, a
share in it all. I believe that every day
the world instead of going down is going
forward That it is growing better, more
hopeful more lovable." The Hon. Seth Low
must have shivered as he heard these
words. How could the world be all right,
or New York be all right after refusing
to set him on high to rule as only a self
sanctified one can? 1t was cruel admis-
sion to make.
The Indianapolis journal., 1898-01-31

An exchange says that 'repudiation is in
the saddle" 1t seems to hold the Senate.
but in 1878 it held both Senate and House
by big majority. yet all bonds have been
redeered in the money demanded by the
holder, and probably will continue to be
thus redeemed. consequently they command
a high premium.
The Indianapolis journal., 1898-01-31

A surviving sister of the late Stonewall
Jackson, herself strong Union woman
during the war, says her brother Thomas
was bitterly opposed to secession, fought
it as long as possible, and only entered the
Confederate army at last in obedience to
the doctrine of state rights. In the light
of history it is evident the Southern lead
ers had a distinct purpose in their per-
sistent assertion and cultivation of this
dogma