The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-09-24
VIEWS OF E. F. CLAYPOOL
HE TELLS WHY M'KINLEY SHOULD
BE GIVEN SUPPORT.
What the Republican Party Has AL
ways stood For-The Dangers
of Bryanism.

United States, declared EDWARD r. Gay
pool las night. Mr.. Claypool is we'll known
to the citizens of Indianapolis on account
of his financial ability and also for his
remarkable clearness of thought and force
fulness of speech. 1t is not often that he
finds time to mix in public discussion, but
at this time" he said, "I feel that every
true American should rally to the defense
Of his country's honor. which is sought to
be impeached''
1.-THE Republican party is unalterably in
favor of our present republican form of
government" continued Mr.. Claypool land
is Numerically opposed to any material
change in its Constitution. Hence, the
clamor that it has tendency towards inn
perialism is a delusion and fallacy, not
worthy of serious consideration. The party
has shown its loyalty to the government in
the past by it's efforts to maintain the
Union. and is equally determined to do
so In the future. II has no desire for an ex-
pansion of our present domains. but when
by the fortunes of war new possessions
are acquired and the flag of our country
waves over them, the party's policy, is to
hold and maintain supremacy over such
territory until circumstances shall show
fare to do so any longer. However, the
Republican party insists that these condi-
tions be first made known by the people
through their representatives in Congress.
ELECTIVE FRANCHISE.
Neither does the Republican party have
a desire or purpose to extend the elective
franchise, which is applicable TO the af-
fairs of this government, beyond the con-
fines of the present States and their ad-
jacent Territories. Within such bounds it
is its purpose to demand that the right of
suffrage shall be accorded to all persons en-
titled to vote under the Constitution. The
Republican party is in favor of extending
to the inhabitants of the lately acquired
possessions of the government a liberal
form of administration, so far as prac-
| ticable somewhat similar to that now ex-
ercised in the Territories of the United
| States, but without representation in the
affairs of the United States. and when final
| submission is yielded to the government by
| the natives thereof and when they have
shown reasonable ability for self-govern-
ment, then it will be time to consider such
an application and not before.
THE Republican party is also opposed to
| all trusts or combinations of capital when
| they have tendency to cause monopoly
| in any branch of business which is detri-
mental to such interests or to the public
welfare or the labor element connected
| Herewith To that end the party will ex-
| ercise it's power and influence to the fullest
| extent by just and proper legislation to
| regulate and restrain all such combina-
tons. The party is in favor of a tarin that
| is not over burdensome to any branch of
| industry and that Is sufficient to provide
| ample revenue to discharge the interest on
| the public debt, pay pensions TO disabled
L or1d soil of he
| its incidental expenses not otherwise pro-
| vided for and for a gradual reduction OF
| the Nations debt.
1.-The Republican party favors an econom-
| ical administration of the affairs OF this
| government and has fixed and determined
| purpose to punish all offending persons In
trusted with governmental business 1t
| also favors reciprocal relations with all
| other nations, whereby American COM
merce may be stimulated and benefited 1t
| also favors a reasonable protection TO the
| manufacturing, mining and agricultural in
| terests of our country and to home labor.
| 1t advises a strong and formidable army
| and navy, sufficient to protect the honor of
| the flag at home, upon the high seas and
| in foreign lands.
FINANCIAL SYSTEM.
1.-The Republican party is in favor of a
financial system that gives credit to the
government and confidence to the people. a
system based upon gold-a metal which has
commercial value as bullion equal to that
of the standard money in all countries
throughout the civilized world. The party
also favors the national banking system,
with its paper currency secured by United
States bonds. which give such currency a
stable value sufficient to equalize the ex-
change between all sections of our country
in liquidating all commercial transactions. -
Mr.. Claypool, in common with most other
4
as paramount in the present campaign and
holds some very interesting views on the
| subject. IF silver is so desirable for a cir
culating medium as the Bryan combination
| party advocate and demand" he said,
| why not use it in the channels of trade in
stead of its representative, silver certifi-
| Gates, of which there were outstanding by
| official statement on the 10th of July 1900,
$4l7, 101, 900, for the redemption of which the
| government holds in the treasury vaults an
| equivalent amount of standard silver dol
| lars? In addition to that vast sum the gov
eminent has silver dollars of 1890. s497l, 4lO,
and silver bullion amounting to $685. 779, $50,
| making grand total of S491, $50 900. The
fact is, silver coin is not convenient for use
| in actual business transactions, being en-
tirely too heavy and bulky"
| RESULT OF BRYAN'S ELECTION,
Now IL the Bryan party should come in
power and succeed in enacting a law for
the free and unlimited coinage Of silver, "
continued Mr.. Claypool. sat ratio of IL
to /. in conformity with it's declared pur-
pose in its latest platform, what will be the
result? Is IL an unreasonable conclusion
under such conditions, that the policy OF
the debtor class here at home and of those
abroad who owe would be to liquidate
their indebtedness with the cheapest cur
rency obtainable? This they could readily
accomplish by purchasing silver bullion In
the markets of the world at about 60 cents
an ounce and avail themselves of our free
coinage act by taking it to the United
States mint and have il coined into silver
dollars, then use the same In the payment
| of their debts at cost of but little over
| 30 cents on the dollar Such a procedure
! would increase the volume of silver to al
| extent almost beyond comprehension--an(
on the other hand the indebtedness of the
government and our corporations and oul
able I'm gold, would still be demanded II
! like coin. Consequently IL would requr.
but short time TO exhaust the supply OF
| gold in the United States treasury and In
| the banks. Gold would soon rise TO Z
premium over silver, the parity between
the two metals could not then be main
tanned by the government as IL is now AL
kinds OF securities would be thrown upor
the market for sale, heavy decline wouls
| follow and panic and general suspension
on a gold basis would result, with accom-
panying paralysis of all classes of business
| and labor robbed of employment ant
| driven 10 unreasonable distress Notwith
, | standing these things, there is still a how
ling demand from the Bryan party for /
| change in the financial affairs OF the gov
eminent. which, IL accomplished. will a.