Democratic Sentinel, Volume 1, Number 50, Rensselaer, Jasper County, 25 January 1878 — PUBLIC MEETING! [ARTICLE]

PUBLIC MEETING!

Communication neit vtae k. Our Independent (I) or rather “disguised radical" neighbor pleads for harmony in the radical church.

“Some capitalist” referred to by the returned prodigal as having in view the establishment of « Republican organ In this county, say’s the Insinuation has no foundation in fact.

Our genial fellow townsman, Ira W. Yooraan, Esq., can account for Bro. James’ periodical ill-natured llings upon no theory unles it be that he is badly afflicted with worms and the big head.

During the whole four y<-ars of ’6.3, \i4, ’65. and ’66, when the volume of our currency averaged over a thousand millions, the business failures of the country reached ouly 2,167—1e5s in numbor than occurred in auy three months of the year just closed.

The fling at Capt. Edmonds, in the Union of last week, fell harmless at the feet of the gallant gentleman. And its effort to iuspire auy portion of the Democracy with Its spirit of envy, jealousy and conceit will be equally harmless.

The Union at least insinuates that Georgo H. Brown, William K. Parkison, Ira W. Yeoman, Charles C. Starr, Yorman Warner, Alien J. Yeoman. Charles Boroughs, Berrv Paris and David Ncvvles, would not“scorn to ally themselves with gambles, blacklegs, pimps and thieves." We think its language will bear thut construction.

Keep it in continual remembrance thatlOfi Democrats and Independents and only 28 Republicans voted for the jepeal of the resumption act when it was before the House. True, it is said the entire radical delegation in Congress from this State is in favor of repeal, but why? The answer is given by radical organs vehement in thcii demands that their /State Convention must stand out in favor of the policy, or prepare to be snowed under.

With reference to the possibility of the government, states, munieipali ities, corporations and individuals to procure gold of those who may have it, Mr. New says: “Some would keep it from curiosity, but a larger and more dangerous class, knowing the )srnnll) amount of gold in the /•ountry, would hold it. for speculative purposes.” Yes, and just about that time the people will learn that the margin between gold end paper is not so close as at present.

The returned prodigal, in the “disguised” radical organ of this county sought to throw <*old water upon the people’s movement last Saturday.— The organized effort to run it in - the interest of Sherman and the dispenser of Panama and other missions, for the official benefit of brother Horace, ami his gilt-edged groom, Simon proved abortive in the extreme. The fact is the masses are intelligent, thinking men, und know tho cause aud cure of existiug financial distress.

Those who are so denunciatory of the opponents of resumption in January next should remember that Hon. John C. New, a financier, and radical • x-Treasurer of the United States, says; “Specie payment implies vastly more than the mere redemption of the legal-tender currency of the government; it means the payment of every matured obligation of tho uation, .'.fates, municipalities, corporations, and individuals in coin upon dedemand.” The government has in the treasury to-day a comparatively small amount of gold, and there is not x shadow of probability that it will imve sufficient to redeem one-third of the greenbrek, to say nothing of National Bank circulation and other matured obligations. The whole fi naneial policy of the radical party uiuy be properlv summed up—‘'Contraction without ability to resume specie payments.” The vicious legLliitiou of the radical party Is all iu ti c interest of the bondholders. The demands of Wall street are always complied with, while the people are being pressed to the wall.

Rjcnssklakr, Ind., Jan. IJ, 1878. At a meeting called by “Many Citizens” of Jasper county, as announced through the columns of tho papers of Rensselaer, Ind., Bronson W. Har. tington was called to the Chair, and on motion, Ira W. Yeomun was called to act as Secretary, Tho chairman announced the object of the meeting to bo to consider the tinanoial status of the country at present. On motion of Dr. Samuel W. Ritchey, a committee of three persons was appointed to draft resolutions concerning the financial condition of the country under tlm present manvgement, and the management for the past few years Tho committee as apX>oiuted by the chair consisted of Dr. H. W. Ritchey, Charles Boroughs and James W. McEwen. Mr. Thomai Robinson addressed the meeting favoring the passage of a bill remonctiziug silver and objecting to the repeal of the resumption law. The committee appointed to draft resolutions expressing the sentiments of this meeting reported the follow iug which were adopted: Whekeas: It is the souse of this

meeting that the hard times which »vre causing such depression iu busi« ness und so much distress amongst the masses of our people, In all sections of the country, are mainly 0v» to acts of Congress passed tdnee 1873; Therefore, Resolved, Ist. The act of that year in regard to the coinage of silver, vtrbieh depreciated its value and substantially demonetized it; and theu the act of 1875 providing for the resumption of specie payments in 1879, with contraction of millions of currencey have been productive of great financial disM t ss throughout the laud. 2d. Thut as a means of restoring confidence ieviving business, and relieving the distress of the people, tTongress should at once restore the silver dollar to its originat legal tender value, which would put it on a perfect equality with gold in the payment of all debts, public and private. 3d. We ask the immediate and unconditional repeal of the resumption act, and fha* the ruinous contraction of the currency shall cease, believing that said act cannot bo untried into effect without a fearful increase of our bended interest-bearing debt. 4th. That C ingress should, a 3 speedtlv as possible, wind up the existing National Banks, and supply the place of their bills with United States notes. Dr. Samuel W. Ritchey spoke et length, favoring the remonetization of silver, denouncing the passage of the demonetization silver bill of 1873, and the passage of the resumption bill of 1875. Capt. Charles A. Edmonds moved that the adoption of the resolutions as reported by the committee be le considered, which motion was carried, Moved that the date “1873,” as reported in ihe preamble to the resolu tions be stricken out, and the date “i 860 be substituted. The motion prevailed. Mr. S. P. Thompson spoke unfavorably of tiie resolutions as reported and amended. Dr. James W. Ritchey mado re marks denouncing the resolution favoiiug the repeal of the resumption law. Mr. Henry Fisher spoke in opposition to the National Banking system, and in favor of Greenbacks, remonetization of the silver coin aud the repeal of the resumption law. Mr. Ezi a C. Newels snake in favor of remonetization and repeal of the resumption law. Mr. William B. Pierce spoke in favor of the remonetization of silver and the repeal of the resumption le w, which merged into a cross-fire discussion bet ween Mr. Pierce aud Drs. James and Samuel W. Ritchey, who were followed by Messrs, PeterFoulks, Capt. Charles A. Edmonds, Eli Yeoman, and others. On motion, the resolutions as amended, were adopted by 25 to 6. On motion, the meeting adjourned. B. W. HARRINGTON, Ch’m’n Ira W. Yeoman, Sec,y.