Indiana State Sentinel, Volume 27, Number 29, Indianapolis, Marion County, 6 March 1878 — Page 4

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THE INDIANA STATE SENTINEL, WEDNESDAY MORNING, MARCH 6, 1878.

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WEDNESDAY, MARCH C DEMOCRATIC STATE TICKET FOR 1S7K. For Secretary of State, J. G. SHANXIilX of Vanderburgh County For Auditor of State, MAHLON D M VNSON of Montgomery Co. For Treasurer of StaU", WILLIAM FLEMING of AIlcu County. For Attorney eneral, THOMAS W. WOOLLEN of Johnson County. For Huperinteudent of l"ublie Instruction, J. II. SMART of AIlcu Couuty. POLITICAL ASSOUSCEMEXTS. COB Y DON It SHIMEK. a resident of War- ! COUNTY TICKET. ren township tor over years, will be a candldat bef re the democratic convention of Mai ion county for the. office of sheriff. : R. J. CONNER will le a candidate for tbe ! nomination of clerk, subject to the decision of i the demociatic county convention. i TITOS. F. F.YAN will be a candidate for the nomination of county clerk, subject fo the decision 01 the democratic couuty convention. Dit. C. H. BUELL will be a candidate for sheriff of Marlon county, subject to the decision of the democratic noniinatinj convtuUon. "Ou the one term principle." CHUISTI N DCNXMEYER will be a candilute tor sheriff of Marion county before tho democratic convention. AMOS SELLERS will b a caudJJate for gneii;T of iLtrton county, subject to tne decllon of the democratic county convention. WII.l r VI Ijll'l.' iclll I in a ranitlilgtc T.r IIia nomination for sheriff ol Alarion county, benutsa i i- iw-fcrn t ii n I i n ir foti volition . x ELI II KIN V, or Perry township. Is a candi date lor treasurer of Marlon c.unt y, subject to the decision of the democratic nominating onventlon. rxt H. LOFTIX is a candidate Tor treasurer of Marlon e. unity, subj'.ct to the decision oi tin d.jmocr.uio nominating convention. J. M. YOUARr is a candidate for sheriff or M-trlnu county, subject to the democratic convention Drt. W. M. IjTJNN will be a candidate for coroner, snnjeci to the decision of the democratic eotirny convention of Marlon county. EXntAOKDINAUY OFFER. Ontlo(lftr and thirty rent will seen re the IikU iph Ntnle Seatlnel from now antit tt.-treh J, 1S79, ant M'.otlie Sentinel ij of I cull una, the latest and iuomI complete m-tp of tbe state yet Issued, potn& l on both. Keud yoar wtibM-rlption at once and e earn tCi-i Weekly Kentiuel audi map of Initial. Aildi SEXTINEL COSPASY, Indinna(HIU, I ml. TIIE IlKST MEN. The state of Indiana is democratic by a large majority. . Distinguished radicals admit it, but will the next legislature be democratic? The question demsnda the most st riouj consitVration. Thedtmucratie party is required to look the situation square in the face. Tne radical party, as if anticipating in certain dcum, concocted a rnoit outractous districting scheme, for the purpose .-.f .i&:r,iint!! dtminirv in the state bv ti."frar.chis-icg democrats. Tbe party hopes j now to triumph by the gerymandoringswiu- ; die. Without thedLstrictin' fraud raflcalisni i would not have a ghot of a chance to Sf care : the next legislature. To overcmvs ra l?cai- j ism in Indiana the democratic party must mass all of its orcTf moral, intellettusl and ! political. It must go into the campaign : with canuiddt .'a ofaf-knowle.dge:I power. In a word, for all officers the L- t hici must be ; ncniin.itrJ mn of character, experience and feknovvleded ability. V.'ith such men ' victory isctfrlain; without them rtpults v.-ill ! be 'lou'otfui. There should be no hesitancy j on the part of democrats of high standing to ' permit their names to ba used aa candidates j for the various offices to bs filled at the i coming election, and this is eajicially re- J quired in the legiilativa contest. There is j no use ior disguising the fact the campaign j will be a warm one. Ridicalism will con- j tend with desperation to maintain its as- ! ciT.dency in the legislature, for success J means a raiical United Stated senator in the piece of Senator Voorhet s. The dem-j ocratic party will stmd in need of its power j and popularity, and these are sudicient to j achieve victory if its best aien are placed in nomination. The stite ticket is atrong, and the candidates will make a gallant fight; but ; thi", however much it m:iy ba fcpplaudsd, ' will not make r.p for Mistakes in making! nominations for the legislature and other j oi.iCts. i;n;ocrais st.ou.a take intocunfciuer.itmu th t.botaeles to be overccme, and iniist t-at the Lttt ucn in cvt-ry county s'.I 5)3 placed in nomination. We are KUiifid tois will be done, and that the next i legislature of Indiana will be democratic. i THE Llt CAIMI 'At or Tilt coutv. THY. We hiy3 heard much of lata or public credit, public faith, government bonds principal aod interest, fe. We have made a note of the i xtreme anxiety on fhs part of Hayes a id thosa who think and act w ith him to so shape the legislation or the country tbat thow who control the money capital of. the world shall be exempt from the possibtlityof lots, wLiic the labor capital of the country is sul jected to increased embarrass

ments by a toial disregard of its claims for ) that Mr. Bennett will find the north pole or recognition by those who shape the bosiness j demonstrate that success is beyond the power and financial policy of the country. It J of man. It is to be hoped, thertfore, tnat' wouid not be a d'iHcult task to show tbat : congress will respond favorably to his refer years past, and until quite recently, j quests, and if possible Mr. B.'nnett will every act of congress LasUen in the inter-j Bove a problem that has for niny years estof the money power, and in direct conflict i deiied the resources of governments and the with labor. The legislation tnat changed I energies of men. We feel assured that Benthe contract by whicli "the bonds, ! nttfs expedition will realize tho largest exprincipal and interest were made i.a)- j pectatijus of the wcr'd. . ble in coin instead of greenbacks, wm the s-vtrest blow that was ever j ''if K STATE ur,MOi'HAiic rtiTi'oiiM, directed against th business laterests of trie - The plat.orm made by the democratic country. Ilvcry industrial enterprise felt state convention is a document worthy of a iu effect, and while money capital fecured j careful perusal and of close analysis. It vast benefits from the violation of the ton- meets tbe demands of the times. It is clear tr.ct, labor capital Lad Its burdens indefin- I and succinct. It admits of no rontroversy Ibrly iucrea-sed. The demonetization of ! aa to its meaning. It is in hart uy with a ti've was another move in tbe same dirtc- ' vast majority of the iopIecf all r irtles, and lion, kid the ifjct has been disastrous to j is therefore the platform for tL ; campaign

ery desgiiodon of legitimate business.and as a const quence laser ma ouuerca. me law hxing a day, Jaunary 1, ls7l, for the resumption of specie payment, was designed to'increae the buying pOfftT of money, regirdlsi cf ho effects it produced upon la bor. To in ikc resumption io isible contraction of the currency becana Inevitable, and with cofitnc ion tue shrinkage of values could not be avoided. The result Las bee bankruptcy and ruin to an ex'eut that itrquhes an ffrt u c .inprouiid the vicouanes of thel t-T. T o-eRMirt'S t which we havn allultd Lae al optialed Bfcaiust labor. i i er j T i

They have augmented its burdens while they have sapped the very foundations of its

i strength. It is manifestly true that for years : past, and until the democratic party ; obtained control of the Louse of rcpresenta- ' tives, labor had few friends in the national : legislature. It is now changed and the j country is realizing the fact. Money capital i is not to absorb the entire attention of congress in the future. This being true, it may i be well to inquire with some exactness what i is the character and importance of j the labor interest that has been so ! studiously ignored by the radical party? ' We read much of the agricultural Interests ; of the country which relate to the magni tude of crops and the surplus the country will have for exportation; of commercial interj est, domestic and foreign, involving exports and imPrts balance of trade, tsrifl etc.; of mining interests, of railroad Interests, and . v u ,. ,11 . i , 83 on to tbe end of the chapter all of these interests are discussed, statistics gathered anj tabulated, and sent broadcast over the " v WJa "v ""j"--more accurate the information upon all the great leading interests the better. But with this great activity to obt.iin data touching investments of money capital, it is astonishing to note tho fact that the necessity to reconizo labor or labor capital by legislative action, or at least to admit its importance by not antagonizing it, has been studiously overlooked. As a result labor is now pass j ing through the severest ordeal that ever l iL!- l ii! . vi&ueu m mis cjunirv. iiisuuw susmuiug greater losses than any other Interest, and the effect upon all other interests, including money capital, is disastrous to an extent almost beyond exaggeration. It is admitted thut the population of the United States is now 45,000,000. Of these it is safe to say one third, or 15,000,000, earn their living by labor contradistinguished from work performed by those who belong to professions or who are not classed as i laborers. Those 15,000,000 of people are the great producing clas3 of the country. When they are at work prosperity reigns everywhere. When they are but half employed or idle there is stagnation in all departments of business. Let us see. If 15,000,000 persons are employed at $1 per day the result is labor produces $4 500,000,000 annually. To overlook the Interests of those who produce such vast stores of wealth mut be suicidal. What has been the result of vicious legisla tion during the past ten years? We have j to day in the country at least 5,000,000 of unwilling idlers, men- and women anxious to work, but who, owing to circumstances created by measures parsed through congress in the interest of money, are forced to remain idle and suffer the penalties that idleness inflicts. The loss annually sustained j by this' country by the idleness of 5.000.C00 t arsons is not less than $1,500,000,000. The purpose now is to change the policy that has contributed to the Josi of such vast sums , ol money and has been productive of such widespread suffering and the indications aiM that bit's hereafter brought forward in congress to enrich the few and oppress the many will not become laws. KKX.VKi r ASI) THE XOIiril I'OI, We llave long since recognized the power of the Xew York Herald as a newspaper. We have admired its enterprise, though we have not always applauded its theories. Uut it is not of the Herald's views upon current puliticil questions that we now propose to write. Having va?t revenues the Heraid has bhown a disposition to expend them in enteiprises outside of the ordinary line of newspaper work. It is quite possible that James Gordon Bennett's purpose to confer lasting favors upon the world ought to be consid- ! 1 ered quite independent of bis proprietorship I j of the greatest newspaper in the world, j This, however, seems impossible, i and .we. in com mom with the peo- I ! pie everywhere, are quite willing j j to associate with his enterprises the Herald. ; We do not, however, sympathize with those who attribute to Mr. Bennett the simple 1 sordid purpose of advertising his newspaper, j In the worJs of a coteuiporary, "the Herald i needs no advertising." We prefer to con- ; sider the grandeur of the schemes that Mr. i Bennett organizes and the devotion which he. shows in their success. The African I expedition of Stanley, considered from any ! standpoint, is simply grand. There is nothj ing like it on record. From the first it i commended itself to philanthropists and aad results show conclusively that Be"ne.U comprehended the rabjert in all of its magnitude. A tcrre inooto ni'a waa exploied and a pathway i biazjd out for others to travel if they i ci,0-?e tc avail themselves of the advantages j which Mr. Bennett's enterprise has secured, j j American journalism has a right to feel a; j just pride in the grand achievements of the ; j Herald. The nations of the earth were the j j,artits at interest, geographical societies Lad ! t massed their forces, but it was left for J ' private individuals to solve tbe problem J i from revenues derived from journalism, t i Previous success warrants the conclusion ! t,f 1S8. II Indiana wins a decisive victory upon tbe democratic platform, and that such will be tbe case no well informed man enter'.ainsa doubt, the Indiana democracy will be In a position to dtate to the na tional d niicratlc convention when It mee'a lo arrat'gi for the prrtidntial campaign of 1M0. It is worth while there'ore to study 'itb care, the declarations of the democracy of Indiana. They are absolutely light upon ttll I be leadlrg qoeMioim of the times. They comnund t'ie approval of thinking men of a I parties, and 'he more they are studied lb-. inure popular tbey will bjcome with the

people of all parties. The democratic platform of Indiana fills the bill, and the principles set forth will meet with a hearty response throughout tbe entire west, south, southwest and northwest Not a line should be crossed nor a word changed. In standing by the platform the probabilities are that victorj will be achieved.

OI1IIVAHY. ' HON. BENJAMIN T. WADE. The telegraph brings information of the death on Saturday last of Ben jimin Franklin Wade at his residence in Jefferson, Ohio. Senator Wade was one of the noted men of the country. From the most bumble walks in life he arose to national distinction. He was born at Spring Gld, Massachusetts, October 27, 1800, of bumble parentage. He emigrated to the west when a young man and settled in Ashtabula county, Oiiio, where he resided until bis death. He first worked as a common laborer, then taught school, and subsequently studied law. He served for a time in the senate of Ohio, and in 1S51 was elected by the legislature of that state to the eenata of the United States. He was twice re-elected, and served continuously for 18 years in that body. The ycar3 that Mr. Wade was a senator from Ohio constitute one of the most important epochs in our country's hutory. When he entered the senate the country was convulsed with the slavery agitation and when he left it the question of re constructing the southern states was unsettled. During all this rime he occupied a prominent position in Uip public eye. II was an anti-slavery man of the most ultra type. His friend and fellowtownsman, Joshua R. Giddings, was not more decided in his anti-slavery principles nor more ready to proclaim them than was Mr. Wade. Mr. Wade was a plain, bluff man and a very profane one. He was noted for the latter quality, and could swear equal to "the 'army in Flanders." He also made pretentions to personal courage and probably not without reason. He was in the habit of saying bard things from his place in the sena'e, and on one occasion he inttma'ed that he was responsible elsewhere for what he said there. His manner and address wera those of a bully and braggart, and it is probable that his reputation lor personal bravery was founded more upon pretention than courage. On the ascension of Andrew Johnson to the presidency, Mr. Wade was elected president pro tempore of the senate, and thereby became acting vice president of tne United States. In the war between Mr. Johnson and congress be took a leading part. Indeed, there was no senator or representative who was more active in the etlort to impeach the president and remove him from office than he who would have succeeded to the presidency had the effort been successful. When the radical leaders of the senate determined to expel a senator from New Jersey without cause, in order to secure a two-tnirds majority in that body, Mr. Wade, then president of the senate, decided that a senator could not vote in a case affecting himself, but when tbe vote was taken ou removing Andrew Johnson from the presidency he stultified himself by voting for it. Had Mr. Johnson been removed he would have become president; therefore no mau ever cast a vote more directly affecting himself than did Mr. Wade upon this occasion. After Mr. Wade retired from the senate Ite was appointed by General G'ant one of the St. Domingo commissioners. He favored the annexation of Si. D mikigo to this country, the only piece of jobbery he ever a lvocuted, so far as we now rttnerubpr. Mr. Wa le was never reconciled. He did not realiz that the war of tbe rebellion had ended, and the country at p"ace. 11b was stiM for li'htir.g, and when M. Hayes' southern policy was announced he refused to be comforted. He at once put himself in aitagonism to the acing president, aud conti nu i-d to oppose his conciliatory curse until he died. He belonged to the 4'sUlwart" wing of the republican party, and hi3 death will leave a void iu the ranks of thoe who wish s'ill to wave the bloody shirt. He is gone, and his acts are a part of the history of the country. By them will he be judged, and if he bad his vices he also bad his virtues. Although profane and a bally he was bluff and honest. On that great day when he will be judged for the acta done "in tho bo 3y will not his virtues overbalance "and outweigh his vices and shortcomings? This is a question any one can ask, but Omnipotence .alone can answer it. TEI.LGKAPlIiC Ni:.nJl.lItY. Moxpav, March 1. roViRP-SSlOSAL. Senate The vice president occupied the chair to day. Mr. Morrill said that on Wed ne dsv he would move the consideration of the bill for the appointment of a commission on the subject ot the alcoholic liquor traffic. Mr. Thurruan presented a bill known as the P.'cMic railroad sinking fund bill. Mr. Widdin presented a petition favoring the improvement of tho Mississippi river. Several important bi Is were introduced and referred. Mr. S-irgent Submittul a j;int resolut on relative to Chinese migration. After the ex ri ration of the morninjr hours number of bills on the calendar not objected to were passed. Several bills were calL-d up and some few parsed Mr. C'ockrell introduced a bill toauthorizs the deposit of silver bullion or bars and the issue of certificates therefor. Keferred. After a 'short executive sessiun th senjile adjourned. House. Under the cdl oiM ttes bills were introduced and referred. Mr. Bright offered a resolution directing the tecrctaiy of the treasury to inform the hou-e whether he Las authorized the sale of any bonus for outstanding legl tender notes at par, adding the current New York premium on gold and commission for felling, or whether he has authoriz.-d the sale of such bonds for legal tender notes on any other terms than above stttcd, and if so. the number and amount of the proceeds of such bonds and who were employed as agents to depose ot them. Adopted. Af;er transacting a small amount of other business the bouse adjourned. John 0. New, ex treasurer of the l uited States, is in Washington on official business. The weekly statement of the imtrisl bank of Germany shows an increase of ,401,000 marks. The charge for parting dore stiver at the San Francisco mint has been reduced by the treasury department from two and one-half cents to two cents per ounce, to take effect to-morrow. The boiler of the Miami distillery comnanv. near Hamilton, u.. exn.-oueu wi' m ... Ill morninir, fatally sliding David Morion and John Wiiw, employes. The house committee on ways and means to-day increase 1 the rate on laces of whatever material composed from 20 to 40 per cent , and decreased shelled almonds from 15 to 12 cents per pound. Thesteam-r China. Hongkong via Yokohama sailed from Sin Francisco to-day, carrying only $00,000 treasure, about equa'ly divided btte-u trades, Mexicans and line silver, ail on O iinese account. Pilcm Democrat: Tut up good, substantial brick buildings on tbe burnt district. Don't wajle mousy by ending u 'ewlK'nllre structures' t! at ill b ft oisr.ice to the to n and of lit'-le profit ta aojone. If le t owners m not abla a m iic civdiuble improvements let thni sell to men wLo hive the raouey aud entm riaj to do the woik.

SENATOR McDOXALD.

IIIh Great Kpech In tbe United States ftc-iiaie ou tbe Silver Hill, February 12, 17H. The senate havinir under consideration the bill (II. It. "o. l,1'.Ji to autliotixe the free coiunge ol the standard silver ilollar and to it-store its IckmI lender charact.r, Mr. MeDoualel said: Iu. i'KEMiiw st Alter the exhaustive Uihcusfioa tliut the hill uudcr consider! ion Uhh na lv d Iroin otlier senators, I do not expect to tinowHnyiiiw lljlit upon the questions iuvt'lved In it; and yt the deep Inlcrot tne measure has excited llirouxlioui, the country, ami esp'clally In my own mu, uiiik -s it necessssry liiat I should not be siient. Under orulifery i iicumstauces the projiositlon Involved would not prolmbly cidl lort.ueJi protrartetl dicuMiiou,niid would ceruttnly not ut tract so itiucli o( popular attention." Tho imp) cireuiu.sitinee i rentoriiis a coin that bad been our unit of vaiiu lor eihty years. and wliicn without duo consi.ieralion had bi-en tint tied in our coinage act, wouid ' ot ordinal i y be a mat:er of tuueU moment; for the stand itlsi ver dollar, wnicn is ttm suhject of thu hill, is but one ot'a list of our uittioiiMi eultiH. But at, this time and tin-dt-r tho peculiar clrcuins uncts surrouuding m, no quesiioo has attracted so miclr attention or culled foitii so much UKcusjslon, both iu and out ot congn ss, dlctosiug an a.mot frreconc lattle coutl ct of opinion between tho Irk-ud of tho ineiiMuro and Us opponents. Ibis Is due iu a greut measure to the 'liuanelal emlanarneiit under which a vast mujority of the people are laboring, aud also to the lact that ttie :ep we aro about to mne in a most important one In connection with thereeHlub.itiiiine ul oc our linaricial Kj stoiu. . t is now nearly slitt-ca years since congress fouud it necL-s-uy under the pressure of the late civil war to auihoriz ? the lstniice ef circulating non-sou the eredii ol the government aud io declare them to '"bo Kwiul money," and'to Im(U"1kI tender Iu tlie payment of all debts public and private, except dut.es on lin ports and Mm interest m the public debt " and sin e that time thts pijer credit lias performed all the otlices of money among our eople iu all tht-ir private dealmirs. Tlie volume of that . paper circulation still outstanding on the 1st of February of the present year wa J3l!,i 10,421 . The same necessities which had forced the government to a i i-suaiioe of tois papercn dit caused the. eslahli.-hment of the national bank-, whos paper circulation, based also mainly upou the cr. dit of tin government, amoauts at this time to about ttfJO.o. 0,0O, niakiii? an assntrate volume of paper circulation of about S(j'!Mii',21. '1 he effM:t of the introduetion of this paper currency into the channel of our domestic trade was to retire fom circulation both gold aud silver coin ; ami fo completely had coin d sappeared from the . ordinary channels of trade and commerce union i our people that when, in IsTJ, the standard silver doll r was omitted from our lUt of silver t orn, and thereby demonetized, more than two years elapsed before the fact Iweame generally Known For nearly sixteen years this papr"credl. has perloriued the otliees of money aru.mg oar people aud been the bais and foundation of our (Inaucial system; and s , well lias it performed tuat oiiu-e that many insi t tuat it should be made ins pt.-tual, and Its volume from time to tim Increased a the real or Imaginary wants of business may demand. On the other hand it is contended that there can be no safe ai.d sure foundation laid upon which to rst the nuances of a coinm reial country that is not based upon u currency of ; vaiue. us msunzmsiieu irom a currency or ; credit, and that ihereiore as toon usitisprac- ! ticable to d s , consistent with the Interest j and well being of tlie Mholo country, there -liould b; a restoration of the coin currency to ! its proper piacoin our system, and Hint this j coin cunency should at nil times thereafter be j the standard aud measure ot the value of the I circulating notes. Iu this last view of the i riutsiloo 1 fully concur, and entertain no j doubt that in due time Mils will be fully acI com pllshed, and that there will le no diff.-r-; ence in value between the coin currency of i the country and tho jajer circulation, as th j ouo wdl b-.vome convertible lmo the other at I tort wit! of the holder. Iufct, under e.istin I . aws, It they shall not be m udtled or repe tied, : the n-vernment sian i- pleil-;el to tho accotn-pii-hmeit-of this purpose on the 1st day of i January, 1S7H. ; in re-estatlihlng our llnmcial system upon ; it baiut a currency r-f value, the important question for our consideration Is whether w. : u ill constitute that currency of b tn gold and ! bilvcr, or wn tlicr silver l-i to bo omitted, exI eept sofir a itraay terform tho llices of a ' miOvA Mry coin and gold alone become ou- . Niandai'd imi tni; isure of valua. If no vnane , lud b.en m ide in our coinage acis, I think it I sal" to say i hut at thi time iu: iroixsitl li wmi'il b.s made to chano them. If thi act of ; 1M', by which tho silver doll.tr was In etlect i d'.ioont tizod, na i not necu p -tssed no senator I at ttiis time would propose Mich a measure. 15ut, It has reeo said, we must ta'se.the ques- ! ti.:i as wo lind it that wo must deal with th? presetit and nit with lb" p tst. This may be coirt ci, but, on th other hand, I insist that we h-ivH the rlht to choose to restore the I bimetallic siandard If wo elect, ami that there U no U-:tl or nrnrd obligation stniliug i in our way: tuat In restoring the at: ver dollar t to ihe position it occupied in our money system for eighty years, and down to and at the time tliit every puolie obligation out- : standing Pgainst us as a nation was authorized, and to claim tbe option rf discharging ! any or all of our obligations In that coin, it we j so elect, does not Infringe u;hui any lav. : imjialr any contract, or violate any moral ; obligation. So that, in my opinion, tho sol ! que-tlon for us to eonsiaer in what In our i 'udmuent is It our Interest as a people, to do. Out of the many considerations which in- , (lu 'e me to" give my hearty supjwirt to this , utensil i e there are two which aro so important and o mtroldnu as to render it unnecessary for t me to discuss others. The first and mst 1m- : portunt of the- is the wide spread distress , w hich springs from the Ions; -contlnu -d dej piesslon in trade aud business, cons.-queiit upo?i the I -ss of contidence and collapse of i Credit under the influence of the financial i pauie of IsT.t. At no time since tint pauicset i in have the jeojle iieen suffering irom ihe i pre sure and we.ftht of their debts and obllcntions to as great an extent as at the )resent. This has rc-suite.! from the fart that during its ' conl'nuitnce their utmost effVris hnveenao!ed ; th-m to do but little more than p:iy the Interest upon them in many Instances they I imve. not b-en ab!- to do this while tlie eou- ! tinueild pi'eci.itioii in the vftlueof their proii'erty, b th ri al and personal, has lessened their ; aid' try to pay aud iucrensed ttii burden. In tiiatiy seetirjiiH of tbe eooiury it I now ' questionable win ther, unde the mo- t favor- ', a !e cuidiiions we can bono in the future, I there im ti lo any escipe from the etubarrass- : liientH t but surround the oeh'ir elss. except Ihrouuh batitiruptcy; while it seems to me I jierfeetly cle.r ttiat we can not took for a revival f lousiness or a restoration oi conn- , denee and h return f credit until the pres. nt i ind:bteliKSs sbwll b KO far adjusted ortiisi p-iseil of as lo relieve the debtor class Irom its i intolerable burden. When iheaunnU productions of the farm t or the. workshop are insutlicleut to pay the Jn- ! teret and piovido for the pitucipalof the i debit wliich ihe people owe, and there has to be n resort to the ttiforceu saies of lixvd proM-rty to liquidate tin in. general banltrup'cy in such a community li! slready set : in; for while real i htate is valuable from its permanent uun nxen cnaractrr, anu tne neurit y for It furnishes lit times of prosperity as ft basis of cr dit lor the owner, yet when tho produc s of industry have all iK'en swept Into j toe vortex of debt, anil ihe substantial prop- ( etty of the country thrown npon t'. mmket by forced sales lo liquidate tlie balances, it tiiids no puielnu-ers but the creditor and bus . no measure of value hut the iiorts;i;re oebt. Tae my n tttte in its present ! condition as illustrative of these ! truths. Hless-d with the most productive of j soils, rich In mineral wealth, at.d reophd by ! an industrious, lrugnl, and entei p. Uiug popuj laihoi, v t rinds itself confronted b threatI ened bahkruplcy and ruin. UN tru that for two years lu succession we sulltitd from a I partial failure of our crops, but last year was I one of uuusual plenty. Wecin notxp?ct in j thetutitre to MtrposH in our production the ; bountiful yield tf last year. And yet when our people cooio to mat Let their u plu, they i tirul th it their tuxes aud their lnten st on tbe debt thev owe hae ab-orhid It nil. ami the princlpalot the debt Is left all untouvtnst ; aud hiieh h ; b?eu the depreciation In tho value o; their proTtv ttiat they can no longer look to U to materhidy aid them to extrlcnte thenisive In m own city, the capital of the state, t. e latgctit inland city In the I'nl'ed Htates.n.id heieto'ore one of the u.rst ll'ui NliInsr, thts depression In bus'tiess nnd slit ink e I in n u are everywhere apparent, mid it It I wi'htn my own knowletli t at rel estuts, 1 koI'1 a few ysrs 020 on the usnal terms cd'otu nr;h lo tiaml atui t:ie o vmnc in toi, two, three, and tour years, is now being mid 011 for. closures for the tointh aod fifth payments, mi'i rinds no pure'iaser but the mortgHge. Xor are we of Indiana, as a g-tiernl rule. In stiy wor-0 condition thin our nchitib rs in the north et, e-peeinlly of llngrat stale of l,lmH. It- It lint ily or 1 wo since ti following statement of tbe condition or ("ham pit gn couuty, one of tha richest agricultural eooitl tin cent nil II inols, wilk pi.blisheit In the Indlrttiap'il'.s Htiite J ui iih1. a pi t by 110 m bmh Ineudly to the meatuo uuder courldenttlon: "Ukiiasa, lit , V-b. 2. i:xminttloni Just made her of the debt 00 the real estate of Champ gn county idiow a di-courRiii conOiUon of property owner. The real t state

mortgaged to eastern creditors to the amount of aboat i,i)0i,000 while its entire assessed valuation is less than double that amount. bel'gll,2ft.7im. llsli the aueof all the land isowutd lu tbe east snd pavs totheea-tan interest of ab .ut tof,W nuuuiiJv. Iiesites a tax of about Jl!0,000; total, over Slfl.iM). This Is over 81.50 for every tm, and S22 (1 for everv mau. woman and chl.d iu the county. Add this to the immense debt unsecured by land, and com-iik r that crops liave been poor lour years In sueec-sion, and it can rt adiK be seen why -ur fanners are almost bunkruDt. and scores of latms In every county are beim; sold ur der trust lee.;K." Tnismaybean exneseratinn, but wPb all tha allowances it is ln.ixsib e. Mr. President.

for me .to add anything to tne phure tout I pres- nteil of tne deplorable condition of one ; or tne garden spots of this creat agricultural nimm"iioltli. J u view, then, ot the condition of nftairs it seem to me that an mea ure that tend in anyd'gree to uphold tbe ;Uue of projKTty, or to prevent it fuitlicr oejreciation, ousht to meet the coticurttnce aud support of all; and while I do not entertain the exalted views of many ns to tho benetielal eli'ects 0 the measure upon which we are ilehberalin?, yet I do entertain a strong corv clion that by rutting once mere into tbe arteries and veins of our Internal trade and commerce a sound and substantial clrculatlrg medium wnich Is not only an article ot value Itself, but the basis of credit, we will do something toward the restoration of contidence which alone can cause trfde to revive and bjslncs to nouiish, and thus ensble tbe debtor cl iss once more to move along under their burden ol debt without belug crushed ey it weight. 1 run equally we I convinced tint to refuse to do so. to attempt to re-turn to a sp cl basis upon tlie single standard oft-old, wiuid r dishearten and dist-ouraze the debtor clat ot this countiy as to precipitate what is now thtehtened: a universal tulti and bankruptcy of the country such as has not beeu witne-s d in our history before, and which may end, possibly, iu overwhelming alike the debtor and creditor. It is not worth while now to speculate upon the cause which have led us int Hit condition of things, n-r to consider whether during the sesou of appur'-nt prosperity which preccd 1 the present crisis a wiser foiecast or a greater tligreoof moderation, with less extravagance, might- not have avoided the cccumulation of the debt aud have averted the evllH which now threaten us. Even If nil this had been done when our people were in comparatively easy circumstances, it would have been found very dltlicnlt to return to a specie bai without greatly deranging our business for the lime being and causing more or less sutl'eriug. Other nations who have pasted the same ordeal through which we are now passng have found it so; and there is nothi: g in our circumstances a a jn ople to induce the belief that we can ec-pe wholly the effects of a policy which tor the time being necessari y tnds to contraction and to consequent depreciation In values. Sir Arehlbad Alison, In his History of Europe, thus graphically depicts the effect Uuu the debtor class In England of the attempt of tuat country to resume specie payments, beginning wi h the y.?ar ISIS and extending to tne year 1S-J1. He says: "The e fleets of tois extraordinary piece of legislation weresooa apparent. The industry of the nation was speedby congealed, asa flowing stream is by the severity of nn arctic winter. Tne enti o circulation of KoiiUnd felt 1 1 put it In dollars from S-325,txw "in Hi.s lo tUA"7 0 Oin 1S21. The effects of this sudden and prodigious contraction or the currei.cy : were soon apparent, and they rendered the i r.ext three years a pr od of ceaseless distress and suffering in the ISrittsh Islands. The dls- 1 counts at the bank of England, which in iSlO ! had been fniS,tXX),0do and In 1SI5 not less than ' CUM.M O.tn-t), Rank iu isjo to Kl.SoO Ot) aud m is.'l i ofi:i.S0.UiHj The effect upon prices was not tesn immediate than appalling. The ! rate of wages fell one haif." 1 have always believed. Mr. President, that I nn enforced resumption of secie payment by i legislative enactment would aggravate tho , evils incident to si ch n return and thatthe only safe mode wa through the gradual but ; certain processes of the laws of trade, which tend constantly tozravltate toward tint point, j and therefore I have always been opjiosed to ! wnntis known as the resnmption act now j uku our stbttute books and shall vote for Its modification or reieal, J notwithstanding the near equ-.vflon we have 1 readied between the money value of our ' paner circulation and its par value with gold, I nsl feelconllilentthattocoinlnuethat I tv a d j attempt, to resume under its foice and etli ct would be to c-tu.-e such contraction lu tho volume of current y . to repent in our own ! case the disasters the jki pie of Enirland sut- 1 f-Tcd, and whieii hate been so vividly por- ' 1 rayed by her historians. At the same lime it ; seems to me quite clear that the nn asnre untier consideration for the restoration of the 1 silver do.lar and itsteptaeetnent in our syste m 1 as a part of our currency of value is the dor.r j throngii which we must return to specie pay- j metits. The next most Important consideration, as it set-rns to me, in la or of the proposition to ' rumonetlz? sbvr sprin;? Irom th- fact that we are lis lirgest prtxluceis; that ff the m venly million doJlirs' worth of silver bul'ion ; nniiiially pr dtued by the miues o th.e world ! more than half f it is the product f tho j mines of the UnPed K.-ates; two-thinl of the ! remaining liaif 1 drawn from the mines of ! Mexico and tSouth Ame.lca, ko that seven- j eighths of the animal yieid of thesiiver mines ; f tne world aro the product of the mines of 1 Noah and Soutri America. Hilv r and gold Jinve been classed as piecl ns metal ns far J ack as the liht of history reaches and both j have always been in tioiae form in nun as ; money. j Even novr In those countries where what Is j called the go d standard hts been adopted ellver coutiuu s to circu ate a dat this time en- j ters mire largely into the budnss 01 those! countries Hint It ever baa in the United St--test j and to day England lias in circulation;; 111 1 silver coin toon? in circulation m tlie United j States, notwitCs;andlugit hasuomina'ly been J demoi'ietized there since !Si6; bo that we are; not called npon to select some product that : never has had any other value than acorn-! mercial value and give it a new character and j value springing from Its ue' as money, but 1 simply whether w will consent tothcr-'duc- , tiou of this imortant product from It position n one of the precious metal- to the mere cen- ' dit ion of an article nf trade, uud Instead of i measuring the alue of either articles by it, I measu e and determine Its ow value by the uses it cau be put t as an article for manu- : factnre, and In that manner eliminate from j our circulating niodium the thirty six million i dollars' worth or silver which we annually I produc;, and by that mean enhance the value j of :iold coin and increase the burden of all our iurtebtedness. public and private. We are also l-irge producers of gold, and of i themiuual ylel 1 of the gold mines o! the world j we furnish at least, one-third. le-ing the. largest print ucers of both gold and silver is uuqiiestlonsbly a strong rcaum why we Miould ( re-e t ibllsh our flnnncie.l system upon ! tbe precious metals, yt-t it uttords ro reason nt all why we should com only 1 f cciculati"ti the torly iV.il. Ions of gold which j our mines annn lly iro.lii':e, and turn over J ttie tMrty-sis millions of silver t tlie smelling : tiots of the manufacturer. Hut it 1 said that we can not maintain the bimetallic standard ( for the reasons: First, lhat the nations witu 1 winch we are most Intimately connected in trmle and commerce are gradually adopting j the gold stai d trd. and thai, we munt. to W in ; accord with lh"in tu business, fol ow their example. iSecond, that It is irnp s lble to maintain that equHtlou btween thevulaeof the gold and the silver dollar which is essential lo re atn hoth in circn atlon. As to ihe first ob.l'-ction, it ccms to n o that I it begins by Ix'gamg the whole quest 'on, for I wliile It itiav b--convenient 1 bat th-re Ktou U 1 be u uniformity of values between the dui'erentcommend'l count lies, it is no' essential that, they should adipt the stine clrcnlst'.ng tneliUMi. As to tbe second, there bn.s he :n no demonstration yet In thep'-Kctlrd 11 ;eof hilver and gold coin circulating toge-he-r In the stme channeHef tnide to idiow that tluy will not iH'ar a sullieieitly near iclation to each other in tht-lr monev values as to practically loini a single stnd:el At the time the silv. r dollar w.s demonetized it wa worth a half h cent more than th goll collar. The subsequent denreciailou f the s.lvel bullion has undoubt edly been to a great extent foe result. f ltsdemoiietiz ttion and Its I Mof money vslne. Its rKioraiioi hr the United Ktates hlotie mav ! not enhance Its msrket value agid", torn time at lea t, towoat It was In but V by remonetizing it aud giving it its foinnr position in our financird system we reopen the mint market for two-thirds or thiee-lourths of I he annual yield of our sliver I mines, it seetna quite clear to me that its mar- j ket value will come so near to it numey value, . which by th- biTI tin ler Consideration is lo U Ine siiii" n go (1, that it can have, no set ion I eflect upon tbe gold cln of tne country, es- I p-.ndally in that clns of t-iiinmerr! transac- I lioti w here irold fiorn its gtetiter value in pro- 1 port ion to it bulk flud its ap'.roprlate sphere. Ill the business afTilr of life thet-e two preriou metals, from tbeir very tin ure, enter but little iiiioeonieliiion with each othtr. 'ihe largest piece of silver com that can le cotiveuleiit'y h indied Is the dollar juece, and con sfqiixptly ihe silver coin necesfarily hunts out the k-iih Her channels f trade m which to circulate. Ihe stoniest, gold coin that has boeii r ruck in this country 1 the go d dollar, rht is a wort bless ciu for circulation, but few have v?r been co:neil,nnd prorllv none w 11 ever bo coined m the future. Thedoiiar isourunttof value, and from I7tf.'l t IS7S the UverOo.lHr or 3T154 mlno pur nil ver, rcplesont li'g 4IU'4 gr iii.s ol present ntaiidardt.ilyer, con-tl' tiled that uulu In HMtne itold dollar of 2VH grains or 6tHidrd gold w is deeOared t-- the uni or value, m Ib.tf . pihctlcAlly now w have, a u.nt of value without aty Com plcco

to represent It; p.nd thv restoration of tb silver dollar would do x more than rle tv back where we were wh the act of lsTJ was parsed ; and if. alter we live made a fair experiment it shall be fou-d hat silver hs in tact permanently depwiafced i:i value, it will be f hn. enough to consider in'Hv far k. mny be mossary lor us to readjust thesfandard be -wren void and silver noanto matte th dollar whicl posses Into the hands of th l.b-mr m pnjmeutof his waea e;tial I all resject to the .lollar which the rnereuant od the banker use in ajusirug and setilmaio balance's of tiadein lare coru-utreJai dt-atirxts for 1 certain 'y O-t not wnt tbe laborer to it compelled to reccrve money of K-k vame tha thai which cotntix Tee demand. But, Mr. I'resident, It snnst(i me that thereis an .easy sn!utiorv to this wltt.le question. The sole power m ti is nation lo provide for the c -inage of money and to regulate its value rests under the const i;uilon 111 thecongresaof the United States. In- power lias &1m been assumed to nuihonz-j the ssuanceof treasury notes, aod to cechuothetn xs to ail private de lines "lawful money and a legal tender' to any amount at tbe face value of thes notes, but has v ithheld from It.eiu ih quality of mone in the payment r.f cei tain dues to the government. Li-t tho nowein which are clearly conferred by the cnusti. ution upon congress to coin money and to r- guia'e its value be exercised to restore the silver dollar with all the mime y power that it pos-cs.sed nt the time it was eliminated Lom th list of Mlver coins, aud tiicn to declare the legal tender notes of the government to he receivable for all dues to 'he government, ana thus place cur paper escalation aud coin currency upon the iv. me legal 2oolug,aud in a short time R practical resumption of specie . payment will be reached. Ou principle, the Koternm ntonght to receive in own promises to pay for ail government dues, and notliln;but the dire necessities of the government conli sanction thodiscrl!irni:tioii liiat was made In the law authorizing the is-u'inceof treusuiy rotes agrtlnxt their receipt for duties upou iioporis. it xr no doubt juHtiflable at tue time, and ttencci tenr.ed to the support of pubi c credit a-'d to retain a por:iou of our coin currency in the country, but the disci limitation onstht not to be c ntinued after the necessity lor it has passed away; and so long as ws keep faith with our public creditors bv complying with the term ol our contract with th. in It In not matter of any concern to them In what kind of money all or any part of our federal revenues are paid. The treasury notes are now receivable for nil taxes, state, municipal and national, except import duties, and Lave Iieen so receivable since their issuauco was authorized. Is Jt not time that they should be received also for tsiitT dues, aud thus appreciate their money value by enlarging their moaey lower? Our financial legislation for tho last ten years has been mainly in the Interest of t-e bondholder, to strengthen ttie pub.ic credit as was snd Is ii not time, Mr. President, that something should be done for the bent tit of the billhol er? The power to declare the paper credit of the government a legal tender iu the payment of private debts is, to saylhe least, a doub ful power.- But tho power to declare it rec-dvab e f r ad public dues is not only unquestioned but if riht and Just in itself, and should not, lu my opinion, be longer delayed.' I have not attempted to discurn tbe many phases presented by tho house bill and tho suo-titutes and amendment offered m ttiis body, but havjM-oii fined myself to the principles involvecva them, being willing lo exiiress by luy vote the psu ticular form in which desire to see them assed into a lw. There are one or two questions upon which It may be well enough to express an opinion ns controlling my action in the votes th-it 1 shall give. 1 do not think that the free coinage feature of the house bi 1 should be retained or the principle of free coinage applied to th coinage of the silver doilar until the market value of silver bullion shsll eqnal the inooey value of the legal-tender coin, aud thnt whatever setgniornge or p tit accrues by a. coinage should be covered into tho treasury for the lieueflt of tlie whole people. Unlimited free coinage aeems to be a- itopular idea in connection with the r monelization ot tha i-llver dodar, but It must be bectusc the operations of the measure are nd cleat ly understood. 1 ce.ti Sfc no reason why tho holder of tbe bu.lio should bv entitled t receive tlie profits that would accrue from th difference, between the uptrkei vetne of the bullion and tho money value of the co:u, so long as t bere was nny diliVri-hce; and when the m.irket va:ue of the btnl'on should equal t'ie money value of tlie c-in. have it In ins iower to e iiiier top the coinage of th silver dollar or tiiw upon tii government lln expense of Its coinage. 1 think also that we- should gurd,lt po si'ole, againt the impit:ou by the holdeisot foreign snver coin in those count rio where silver hits b"en e ither in whole or in p rl demonetized. It H very irnorunt to us as n jeoplethat while we are H lug anew the foundations of our money system we t-tiouid m ke-themas wcute and stable Vunl as live from Cucluaiiou as iKisible. . "i et, Mr. President, If a "rnjori'y of the senate' should diRi r with me on ihese iuestions, I shal vcte for the bill sis it came Irom the ho .se, aod shall trust to future tetrislation to adopt such safeuaids as may b nec ssa-y, be,ieving the sp"tly determiuatioii of the question in favor of the principle to lo. more important than the jw-.rfeciiuK 1 Its details. -Mr 1'resldeut, the presi'nt cond'ti .u of aUalis 1" by uo menu encouraging, and the difficulties that surround. 11s can tea ceiy be exiggetated. "fne industries of the nation have been congealed as a flowing stream by the severity of an arctic winter." The cry of disires and financial ruin jomes up to us from all over ihe land, aud we can not close our enrs to it. Much is expected of congress. The pple aro looking to it for the adoption of such measures as will arrest the downward tendency of business, and unfortunately it ran do but little. Yet something may oe done to inspi.e confidence in the lu.ure, restore hope a id re-estivblisli credit and give time for the recuperative energy of the jwopie to reassert itself and bring out the dormant levourcts of tU couutry. It ha been said that te present stagnation in bus'ness is not cnud by a want of sufficient currency; that money Is redundant in tho money centers and lies idle lor want of employment. Tlil.s may be true, f r where but little business is being done but little moiiey is re mired, nor can we expect it to be otherwise until there shall be an upward tendency m busin'-si atl'iirs. No prudent man will Invest to-day when the pmbabiliih-s are that the investment will 1 1 lrs valuable tomorrow, or next week, or next mouth, than it IS to-day; aud what i needed at tliistiioa by tbe people is some assurance hat tin legishit ion of conares will be eiirctej a fur as may le in favor of such measures as will tend to enhance the value of property rather thun to enhance the value of money; and while it i.s linoos-iblo to avert uU th evils uuder

which the debtor class tire at this time suffering, yet, I believe tbat sotuethirg may bs done: that if congress wll pas.ihe measure now before us and provide for it. fail hrut and steady exueutlou. and wf 1 also sjiee iiy repeal o much of the act of Jauoary U, l!no, known as the resump. io 1 act, as fixes the day f -r the resumption of e-le payment, and put a stop bylaw to any further contraction of the ntioti'il cur'cncy fr the present and there rest ami let the people rest, that m eh mid very much will nave Iv-cn done to inspire hope and to restore confi icncv; and in that iK-lief I sha l contribute what it may le in my power to do a one of the representatives of my state in this body to accomplish those ends. . Any Stealage. It ii related of Garrett Davis, when he was in congress, that one afternoon, aa be was taking a nap in .his chair, his next neighbor gre him a punch in the ribaond said: "Wake up, f-eoator, your name ha been ca'led." llalf asleep, the Ken rnckian rose and arktd the vice president what the vote wason The vice preilent gave him the name of the bill, which was for tho benefit of a Kansas railroad. "Ah!"' exclaimed Davis, now wide awake, ''but. I want tt know before I vote the amount t f stealage in this bill!" A senator who was engineering the Vi'l rose and In meek tonfs: 'if the senator from Kentucky will' permit me, I will state that i have thoroughly examined this bill, and I ussar him tat if it contains any opportunity for stealing I can not find it'' "All rifchr, Mr. President." resjonded Mr. Pavi in his shrillest tone; "if the senator em not lind any stealage in the bill, I am sure there can le none there. I vote aye!" (ttir tSnvlur'M Shrond. ' Annie JJn wstcr's r.onr.an l.etter.1 A person who hna sen the Scra 8'mdone ei's mi it is a dtk white uia'erh-l that looks liie siik levantine; it w a little over four metres long and a metre nod a half wide. It is neither silk,- linen nor ntn, and as it parsed unhurt through tbe Chambery fire of 1532, it ii believed t be md of smi .n'e or asbtf tos. It is li:.c i on tine si 'c wit 1 linen, on tbe other witti ti'k. and baa twosiik loops t the 11 pp. r end. Tnere is ipii'o a until I library of IsM.k written on the t"crt StiJsrio r Snoone, by 1 arued men from tae first das of tbe chu'c 1 up to the prest nt lime, an I in iny h-Mtitif ll liist ritul it.ci Jenti are a Uche.i tu t j s;yry wf tuia sacred ihroudol JtsuaCurisU