The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-11
He Intimatcs His Party VIII Support
Those Who Have Already Insug-
urated Financial Reforms.
OPERATION OF THE NEW Law
TREASURER ROBERTS DISCUSSES
FINANCES AND CURRENCY.
Eject OF Refunding Bonds at Per
Cent.-Cause of the Prosperous
Condition OF the Country.
necial TO the Indianapolis Journal.

Special 10 the Indianapolis Journal
WASHINGTON. June 10--A clear inti-
nation that the gold Democrats OF the
country will not support Mr.. Bryan while
he stands on the Chicago platform or any
thing resembling 1t. was made by the
Hon. John p. Irish. of San Francisco. In
a talk to-day with your correspondent
Mr. Irish attended the recent meeting or
the executive committee Of the gold Demo-
cratic national committee In New York
and his views apparently reflect those or
many OF his associates. They feel that the
work Of putting the currency system OF
the country upon a sound basis, begun
by the enactment OF the gold standard law.
will not be completed until other measures
have been taken. and that under present
conditions the Bryan party does not give
the assurance that such measures will be
taken wisely under its guidance Mr.. Irish
was asked:
"Are there any conditions on which the
gold Democracy would generally support
Mr.. Bryan"
Eyes, there are conditions which would
make their support of Mr.. Bryan perfect
ly easy" was the somewhat surprising
reply made by Mr.. Irish.
What are those conditions?' was asked.
First" replied Mr.. Irish. that Mr..
Bryan shall publicly disavow the Chicago
platform Of 1896; second. that he shall adj
NIT that the silver issue OF that year was
false issue and that his advocacy Of
II involved the falsihcation OF the financial
views Of Jefferson and jackson. Then,
he must admit that every prophesy made
by him in that campaign regarding the dis
astrous effects which would follow adher-
ence to the gold standard has failed to 4
come true. IL he will do these things, re-
pudiate the Populist nomination given him
at Sioux Falls, terminate all relations with
the silver Republicans and declare that
the financial measures Of Mr.. Cleveland's
administration were sound and Democratic
he will easily receive the unanimous vote
of the gold Democracy OF the country"
"But in view of the slightly improbable
event OF Mr.. Bryan's doing these things"
asked your correspondent, what do you
think will be the course Of the gold Democ-
racy this autumn
eff the attitude Of Mr.. Bryan remains
unchanged" replied Mr. Irish. ''the gold
Democracy will stand with great unanim-
ity In defense of the gold standard. al
ready crystallized into the law Of the land.
and in urging the accomplishment by leg
islation OF the other financial declara-
tions of the Indianapolis platform of 1896
Surely. as we were right In those declara-
tions then. we will be right now in sup
porting these policies until they are all
embedded in safety in the law. Every one
knows that II Populism should sue
ceed. under the leadership Of Mr.. Bryan.
not only would there be no further legisla-
II uf..<xx
Of finance, but what has already been ac-
complished would be swept away. Chaos
would come again."
"What remains to be accomplished In
order to meet the full requirements of the
Indianapolis PLATFORM" asked the corre-
spondent.
What remains to be accomplished, re-
piled Mr.. Irish, 'is legislation which will
give fexibility to our currency system
without diluting its safety and will dis
tribute the loan fund OF the country more
evenly, so that producers everywhere can
make economical use of their credit This
legislation, suggested by our Indianapolis
platform, is in the interest Of the borrow
er. The gold standard legislation was wise.
because Ii permitted the refunding OF the
national debt at per cent. interest The
merit of the measure may be seen In the
fact that there is already an anticipatory
premium of 3iz per cent on those per
cent bonds This enables the government
TO borrow money for its needs at the
cheapest rate ever enjoyed by any nation
in the world. What we desire TO accom-
plish further In carrying out our platform
Is the projection Of this condition of credit
and the economical use Of credit to the
individual borrower. The problem before
him is not one OF the volume of the cur
rency, but one solely of its equal distribu-
ton. When such distribution is aided by
legislation which is still required. then the
borrower everywhere may use his credit
as cheaply as the government can use its
credit. The farmer. the laborer and the
manufacturer. will profit thereby and a
important factor will be contributed to-
wards prosperity at home and our success
full competition in foreign markets"