The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-09-21
Republican Prophecies rs to Revival
of Industries and Increase of
Wages All FULFILLED.
FREE SILVER STILL A MENACE
1T Is THE SHIBBOLETH OF bryan
AND HIS PARTY's PLATFORM,
And IL He II Successful an Attempt
VIII BE Made to Substitute 10 to
for the Gold Standard.

CLlNlON, Ia, sept. Ex-senator William
B. Allison opened the Republican campaign
here to-day. His speech was mainly de-
voted to the financial question. He said, in
part:
president Mckinley was elected four
years ago after a sharp and somewhat bit
ter contest and in the midst of what may
properly be called hard times, which had
continued from the panic Of 1893 and the de-
pressions of that year and the years follow
"The contention Of President Mckinley
and his followers was that II we would re-
establish the Industrial system known as a
tariff for protection, which had been par
italy broken down by the tariff of 1894, and
make 1t clear that our standard of money
would be preserved at all hazards, and that
ali our currency should be kept at a parity
with gold, and that all our transactions
would be settled on that basis prosperity
would soon come to the people. and they
advocated this policy throughout the cam
paign.
Mr.. Bryan and his followers contended
that these hard times resulted from a scare
fty of money, and that there was only one
possible way to restore prosperity. namely,
the free and unlimited coinage Of silver on
the basis OF equivalents of sixteen ounces
OF silver TO one ounce Of gold. and that
our mints should be opened to the free and
unlimited coinage of both metals at this
ratio, and that unless this was done there
could be no prosperity In our country and
that Republican policy would only increase
our difficulties and embarrassments.
"On the other hand, the Republicans con-
tended that the coinage of silver In the
way proposed would result in the establish
ment of the single silver standard and
would Danish gold or would place 1t at a
premium and would have the effect to de-
base the value of our money SO that the
proposed dollar would have only half the
purchasing power OF the dollars then in cir
culation. and that had been in circulation
since 1879. and that the effect OF this change
would be to destroy all credit, reduce
the wages of labor and unsettle our whole
financial system by establishing an uncer-
tain. fiuctuating and debased standard of
money as compared with what we then
had. Republicans prophesied that If legis-
lative and administrative authority were
tention as to our industries and our money
there would come almost Immediately pros
perity throughout every part Of our coun-
try.
PROPHECIES REALIZED.
I'm that contest the Republicans were
successful, and these prophecies Of the Re-
publicans have been fully realized We
| know that business has been revived. that
! production has vastly increased and that
the earnings of labor. whether in the shop.
I'm the factory or in the field, have been
largely increased. and We know that every
prophecy made by our opponents In that
| campaign has failed. will not burden you
with statistics showing this prosperity. 1t
| seen in the constant employment of labor
| at reasonable wages and at constantly In
creasing wages; it is seen in the enormous
| increase Of agricultural production, with
large increase of prices of farm products,
whether Of horses, or cattle, or hogs, or
wheat, or corn. 1t is seen in the large and
constantly increasing product of the fac
| tory and the workshop. with largely in
| creased domestic demand for their products
and largely increased foreign demand as
well. 1t is seen in the enormous exports
L a
ports for the last three years have been In
round numbers 81, ,600, 900 in value in ex-
cess of the value of our imports for the
| same period, and have been nearly five
| times the total balance of trade in our
| favor from 1870 to 1897, inclusive, period
| of 10S years. 1t is seen In the constantly In
| creasing value OF exports of manufactures,
| the last year showing a value of more
| than 1000. and this year showing an
| increase thus far over these high figures of
| last year, thus giving constantly increasing
employment to our mechanics and artisans.
whose fabrics go to every part of the globe.
| Prosperity is seen everywhere in improve
| ments in towns, cities and country made
| with this excess of earnings. 1t is seen In
! the enormously increased traffic of our
railroads and in the largely increased num-
| ber OF employees necessary to this increa ased
| traffic. 1t is seen In the increased con-
sumption of the necessarfes and comforts
| of life in our own country so that In every
part of our country the people have more
| and largely more of these necessities and
| comforts than they had four years ago.
| We have seen a large increase in our gold
circulation and In our paper circulation.
| made necessary by this increased activity
in trade and business In other words,
wherever we turn we see prosperity and
| success where four years ago there was
adversely and depression.
I'm the presence of these facts 1t is inter-
esting and somewhat instructing to recall
/ the forebodings of evil found in the
| speeches and newspaper utterances of four
| years ago as to what would follow the
| election of President Mckinley. Time is too
| short, in fact life is too short. to read them.
but they form an interesting chapter Of
| false theories and false prophecies made
| then and reaffirmed now.
After three years of President McKin-
1 ley's administration and the blessings ex-
| perienced under 1t, is 1t not singular that
/ an as their chief. come forward repeating
| the same platform promulgated in 1885,
| and ask its adoption by the voters of the
| United States, emphasizing the old resolve
| of 1896 on the money question by redecia-
/ ration that they demand the immediate
/ restoration of the free and unlimited COIN
| age OF silver and gold at the present ratio
i of Is 10 j, without waiting for the aid or
consent OF any other nation If
/ this resolve on the money question was
dangerous in 1885, 1t is much more danger
/ Gus now, after the country has settled
down. Interpretation that our money stand
| ard Is not TO be disturbed"
IF BRYAN BE ELECTED
Senator Allison then quoted from Carl
| Schurz to show the danger of free silver
| In regard to the statement that Bryan. If
| elected. would find his hands tied by an op-
| position Congress, Senator Allison said:
do they expect to elect sfr. Bryan Presi-
! dent and secure the electoral vote OF a
| sufficient number Of States TO elect him and
| yet make no change in the controlling ma
| jority OF the Senate? Do they believe that
! If Mr.. Bryan Is elected his election viii not
| carry with II new senator's OF the faith of
Mr.. Bryan and of the faith Of the platform
adopted at Kansas City? Do they believe