The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-14
souND-MoNEY IowAN.
Gov. Shaw's Inauguration Address
N -4I.. Ino.ro4oa tn the Currens.Y.

Gov. ShaVv's inauguration Address
Partly Devoted to the Currency.
DIES MONIES, e., Jan. 13.-Although the
Inauguration of Governor Shaw to-day did
not take place until p. m, immense
crowds stood waiting at the Statehouse as
early as noon Several thousand were UNI
able to gain admission to the building.
The corridors were jammed from the seats
reserved for the officers TO the street en-
frances in four directions. The Inaugural
ton procession started shortly before
o'clock, headed by platoon of police and
a band. Companies II and A of the Iowa
National Guard preceded the carriages in
which the joint committees of the General
Assembly Governor Drake, Governor-elect
Shaw, the stats of the retiring and in
coming lieutenant governors, chapains,
judges of the Supreme Court, county off,
GERS, Governor brakes family and friends,
Governor-elect Shaw's family and friends
and citizens. Arrived at the Statehouse,
prayer was offered by ]. T. Crippen, of Ma
rion. Iowa" Major Byers's song, was
sung by the Apollo Club, after which the
oath of office was administered to the Gov
ernor-elect and lieutenant governor-elect
by Chief Justice II. E. Deemer, of the SUE
preme Court The impressive ceremony
raj address. He said, in part:
1T is a matter worthy of note that our
Industrial and financial skies are brighten
ing. After the experience of unrest. dis
trust doubt, fear disaster and much or
ruin through which we have passed no
thoughtful man questions the truth of the
proposition that we are entering on period
of improved conditions. 1t would seem
from the suffering through which we have
so lately passed that no one able TO commits
crate the homeless, the helpless, the friend
q n 10 Destitute will again aftpmDf to
revoutioniZe the sirgle gold standard, the
beneficent effects Of which we have enjoyed
since January, 1879 Not only the people of
Iowa, but the entire Nation. are to be
congratulated that we have at last learned
the necessity of a single standard and the
supreme convenience, at least, of making
that standard gold. We have also learned
the necessity of maintaining the parity
with gold of each and every kind of money
now circulating or that may be created
for in finance, as well as in mathematics
things equal TO the same thing are equal to
each other. When each form of our money
is directly or indirectly redeemable or read
lily eXchangeable at par for gold it passes
current under every sky, beneath all flags
and in all ports Anything short of this
is an embargo on an American commerce.
TT seems to be conceded by business men
and Statesmen, as well. that our national
currency needs reformation. The various
plans devised and formulated and recon-
mended all tend in the same direction with
greater or less abruptness. 1t Is urged that
the country will not consent to the retire.
ment of the greenbacks and the issuance
of any form of money in lieu thereof. This
may be true but, If true 1t proves the
existence of an ill-advised prejudice Con-
cede the necessity of maintaining the par
ity Of each form of currency with gold. and
the necessity of some modification Of the
present system is apparent That the gold
standard should be maintained was the
verdict of 1896 by million majority. The
fact Of notice that the case will be retired
in 1900 will not Justify a delay in placing
the country on safe financial basis To
do this demands the best and most stable
form of paper currency. No one presumes
to recommend a contraction of the curresl-
cy. No one would limit us to the use OF
gold as medium of exchange. All that
is claimed and ali that inheres in the ver-
dict of 1890 is that the value of each dollar
of United States currency, whether of coin
or paper shall be the value of 25.S grains OF
standard gold"