Rensselaer Republican, Volume 27, Number 43, Rensselaer, Jasper County, 2 July 1896 — Page 4

the republican. Thursday, July 2, 1896. S IMTOBD STKBT THURSDAY BI OSO. S. A Tg-AT=r A T ,T . JPDBUBBBR AND Pbofkiktob. ms*' 1 !, 1 " ! OFFICE In Republican buil.ling, on »'«•»«* Washington and Weston streets. •.*>“ — HEMS OF SUBSCRIPTION. •Me Tear $1.50 Six Months 75 Three Months.... ‘ so I Official Paper oj Jasper County.

Republican Ticket.

FOR PRESIDENT wm. mckinley. FOR VICE-PRESIDENT, GARRET A. HOBART, t OF NEW JERSEY. STATE TICKET. For A. MOUNT, of Montgomery County. For Lieutenant Governor—W. S. HAGGARD of Tippecanoe. , For Secretary—W D. OWEN, of Cass. * or^Audltor—A. C.? DAILY, of Boone. For Treasurer— f. J. SCHOLZ, ;of Vanderburg. * For Attorney-general—W. A. KETCHAM, of Marion. For Reporter of the Supreme Court— CHARLES, F. REMY, of Bartholomew. ForSnpertntendantof Public Instruction—D. M. GEETING, of Jefferson. For Statistician—S. J. THOMPSON, of Shelby. For Appellate Judge, First District—WOODFIN D. ROBINSON, of Gibson. For Judge Appellate Court. Second District WM. J. HENLEY, of Rush. For Court, Third District— JAMES B. BLACK, of Marion. - ' For Judge Appellate Court, Fourth District, D. W. COMSTOCK, of Wayne. For Judge Appellate Court, Fiftd District U. Z. WILEY, of Benton. District Ticket For Congressman, ” edgar a. crum packer For Prosecuting Attorney, E. A. CHIZUM. For Joint Representative, PIERCE ARCHIBALD.

County Ticket

For Becorder, ROBERT B. PORTER, of Marion Township. - For County Treasurer. JESSE C. GWIN, of Hanging Grove Township. For County Sheriff, NATHAN J. BEED, of Carpenter Township. For County Coroner, TRUITT P. WRIGHT, of Marion Township. For County Surveyor, JOHN E. ALTER, of Union Township. For County Assessor, JOHN R. PHILLIPS, of Hanging Grove Township. For Commissioner Ist District, ABRAHAM HALLECK, of Keener Townsnip. For Commissioner 3rd District. FREDERICK WAYMIRE, of Jordan Township

Announcements of Candidates.

FOB CIRCUIT JUDGE. The Hon.U. Z WILEY’ having been nominated for Appellate Judge, somelawyerof the Circuit will probably be promoted to the bench. We are authorized to announce that Simon P. Thompson of our city, a member of the bar for over thirty years and a man well known to the people of the circuit is willing to become the Republican candidate for that honor.

CURRENCY CATECHISM.

Questions and Answers on MoneyTruths That You Should Know Cut This Out and Paste it in Your Hat. Q. What is the whole body of currency of the United States today? A. Paper, $475,000,000; silver, $610,000,000; gold, $612,000,000. Q. What is the existing money standard of the country? A. Gold, by means of which all the silver and all the paper are worth 100 cents to the dollar. Q. What would be the effect if we should abandon the existing gold standard? A. All the gold would leave the country in accordance with the never questioned law that a superior money will not remain in a country where an inferior money is the standard. Silverites admit that gold is sixteen times more valuable than silver. That is what the ratio of “16 to 1“ means. In truth today gold is 32 times more valuable than silver. Q. What amonnt of money would be thus withdrawn from the country if the silver standard should be substituted for the gold standard. „ A. Six hundred twelve million dollars, contracting the currency I to that amonnt and crippling the country accordingly. Q. If the silver standard were substituted for the existing gold standard, what would be the effect on the $610,000,000 of silver now I worth 100 cents on the dollar, A. The entire quantity of silver dollars would be worth their

weigh in silver per ounce, which varies from week to week like the price of wheat, and the immediate effect would be to reduce the $610,000,000 to $305,000,000 the; present value of silver per ounce in the coins, thus contracting the currency of this country to this additional amount making a total contraction 0f.5917,000,000. Q. What would be the effect on the paper ip our currency if we should substitute the silver standard for the existing gold standard ? A. The $475,000,600 of paper, today worth 100 .cents to the dollar on the existing gold standard, would at once decline to fifty cents in the dollar on the silver standard, based on the price of silver today, the immediate effect being to reduce the value of paper now in the currency to $237,500000,

Q. By abandoning the existing gold standard for the silver standard, what would be the first net results? A. The loss to the country of $1,154,500,000, every dollar worth 100 cents by reason of the existing gold standard. Q. What do you deduce from this? A. That we need all the money we have, and that we want every dollar to be worth 100 cents. Q. How can we keep all the money we have and keep every dollar worth 100 cents? * A. By the present existing gold standard.—Chicago Times Herald.

A Harmless Bolt.

The silver senators who walked out of the Republican convention were Teller of Colorado, Dubois of Idaho, Cannon of Utah and Pettigrew of South Dakota. It is understood that the Senators from Montana and Nevada will join the movement. At first glance this looks like a formidable defection from the Republican strength in £he senate, but it is not. For some time past, and especially during the last session, these senators were Republican only in name, and scarcely that. While calling themselves Republicans, they wore voting against Republican principles. They attended Republican caucuses and conferences only to

get possession .of Republican plans and be better equipped to oppose Republican measures. They are responsible for the defeat of important tariff legislation in the last session and for blocking the against other useful legislation with a free-silver bill which they knew could not possibly pass. For some time past they have acted the part of impracticables and obstructionist and have operated the more effectively because they were masquerading as Republicans. Now, having thrown off the mask and come nut as free-silver guerrillas, everybody will know where to place them. Assuming that all the states represented by the bolting Senators will join the silver party, what will it signify in a presidential election? Colorado has four electoral votes, Idaho three, Utah two, Montana two, Nevada two, South Dakota four. The six states have a total of seventeen electoral votes. Colorado, Idaho and Nevada all voted populist in 1892 so their defection will be no loss. South Dakota voted Republican in 1892, and probably will this year. Against the seventeen votes of these six states, three of which voted populist in 1892, there are four eastern states which’ went Democratic four years ago ant which will certainly go Republican this year on a sound money platform, viz., New York thirtysix electoral votes, New Jersey ten, Connecticut six, Marylanc eight. Here is a certain gain of sjxty electoral votes against a possible net loss of eight. It would be pretty safe to count Delaware with her three electoral votes, for sound money. Indiana is certain to go Republican this year, f'ive out of Michigan’s fourteen electoral votes which were cast for Cleveland four years ago, will be cast for McKinley this year. Illinois which went Democratic four years ago, is reasonably certain to go Republican this year, and the Republicans have a fighting chance in Kentucky,-West Virginia, North Carolina and Tennessee. —Indianapolis Journal.

Do you want to buy a lot? Warren & Irwin have a large number of the finest lots in the city for •ale at low priceaymd on easy terms.

TARIFF-CURRENCY

C. W. Fairbanks’ Address Before the St. Louis Convention,, . IMPORTANT POINTS DISCUSSED. Plea For Return to Tariff Legislation of Merit. ’••v. ...„.. • • . SOUND MONEY THE OTHER SLOGAN. These the Principle *f*heineß For a Speech of More Than Ordinary Interest —Republicaniam Expounded” Forcefully and Effectually—His Criticism of the Democratic Administration. We give to our readers herewith a fall report of the address delivered bofore the national convention in St. Louis by Hon. O. W. Fairbanks of Indianapolis upon assuming temporary chairmanship: Gentlemen of the Convention—l am profoundly grateful for this expression of your generous confidence. • As citizens we were never called upon to discharge a more important duty than that Which rests upon us—the nomifiation of a president and vice president of the United States. This duty is a peculiarly impressive one at the moment, for it is already written in the book of fate that the choice of this convention Will be the next president and vice president of the great republic. Three years of Democratic admiuistra-, tion have been throb years of panic, of wasted energy, of anxiety and loss to the American people without a parallel in bur history. Today the people turn to the Republican party hopefully, confidently, and it is for us to meet their expectations; it is for us to give them those candidates upon whom their hearts have centered and to give them clear, straightforward, emphatic expression of our political faith. . The Republican party is a party of convictions, -and it has written its convictions in the history of the republic with the pen and the sword. Withit the supreme question always has been not what is merely “politic,” but what is everlastingly “right.” The gredt men we have given to the nation and to history, the mighty deadsind flip illusfridus diving, are our inspiration and tower of strength. If we are but true to their exalted example we cannot be false to onr countrymen. Republican Record. For a third of a century prior to the advent of the present Democratic administration we operated under laws enacted by the Republican party. All great measures -concerning the tariff and the currency originated with it. The tariff laws were formed upon lines which protected our laborers and producers from equal and unjust foreign competition, and upon the theory that the best market in the world is the home market and that it should be enjoyed by our own countrymen.

Under the currency laws our currency was made national. The wildcat state banks money of the Democratic party was wiped out of existence. The unprecedented demands growingout of the war wore met by a paper currency which ultimately became as good as gold. Since the resumption of specie pay ments in 1879 every dollar of our money—paper, silver and gold—has been of equal purchasing power the world over. The policy of the party has been to make and keep our currency equal to the best in the world. Under the operation of these honest tariff and honest money Republican laws the country grew in wealth and power beyond precedent. We easily outstripped all other powers in the commercial race. On Nov. 8, 1892, ths#e was work for every hand and bread for every mouth. We had reached high water mark. Labor received higher wages than ever and capital was profitably and securely employed. The national revenues were sufficient to meet our obligations and leave a surplus in the treasury. Foreign, and domestic trade was greater in volume a id value than they had ever been. Foreign balances were, largely in our favor. European gold was floating toward us. Cause ol Depressing Conditions. But all of this is changed. The cause is not hard to seek. A reaction began W’hen it was known that the legislative and executive branches of the government were to be Democratic. The Democratic party had at Chicago condemned the protective tariff principle as unconstitutional, and solemnly pledged itself to the overthifow and destruction of the McKinley law and to the adoption of free trade as the policy of the United States. This bold, aggressive attack upon the long settled policy of the Republican party bore its natural fruit in shaken confidence and unsettled business, and we were soon drifting against the rock of destruction. Before the work of demolition had actually begun a run was started upon the treasury reserve which the Republican party had wisely accumulated for jle protection of the government credit. The drain upon the reserve for the redemption of greenbacks and treasury notes greatly sur passed all prior experience and empha sized the discredit into which the Democratic’ adminl'stratlfiii tiiid fallen Afi utter want of confidence in the administration possessed the people. The Democratic party was harmonious upon one subiect, and that was the destruction of the McKinley law But when they came to the exercise of the creative faculty—the enactment of a great revenue measure in its stead—there was discord. The imperiled interests of the country v atched and waited through the long and anxious month! for some aettlement of the important question. They wanted an end of uncertainty. At length the Wilson bill was adopted, and it was characterized by a Democratic president as the child of "perfidy and dishonor." It was so bad that he would not contaminate bis hand by signing it. A bill that was too base for Mr. Cleveland to approve is too rotten for the approval of the American people. Wllaon Tariff Weak ue«e»This important law was wanting in the primary purpose of a revenue measure, for It failed to provide adequate

revenue tc meet the ” requirements if the "government. The deficiency thus far amounts to .some $150,000,000- The. ■ end is .net yet., for the deficiency grows day by day: This leaves the .treasury and the ..public credit in constant peril.” Our tor; ig;: -redit is impair'd and domestic eaqital feels insecure’., - The sectional favoritism of the Wilson law; was one of its marked Its blow at sheep husbandry was an unpardonable offense; it was a flagrant wrong to the farmers of the United States. This great industry had developed And grown under Republican protective laws until it was one of our greatest. We arc now sending-Lbroad millions of dollars for wool whicn were paid tq our farmers under the McKinley law. The bill struck down reciprocity, ono of the highest achievements in American statesmanship. No measure was ever enacted which more directly advanced the interests of the, American farmers and reciprocity. ' With its destruction fell advantageous commercial agreements,-un-der which pieir products were surely finding larger and’ .profitable foreign markets and without the surrender of their,Own. . The substitution of .ad valorem for specific duties has opened the way for systematic and .wholesale ’frauds on the treasury, and producers, and employes of the country. By means of under valuations foreign goods pass through the customhouses without paying their just tribute to' the treasury of tile United States. Thus we have lost millions of dollars in revenue, and the foreign producer iftuTbeen enabled to unfairly possess our Lome markets. Cleveland Mortgages the Future.

Neither time nor place will permit further reference to the unfortunate legislation of, the Democratic party nor to the hurtful, demoralizing effects’ of it. Suffice it to say that it has been the great and original factor in breaking down confidence, checking progress, emptying the treasury, continued deficits and enforced idleness among millions of willing workers. To meet- the monthly deficit afta protect our credit and save the government from protest,“the president has been forced to sell„bonds, in other words, he has been obliged to mortgage the future, in a time of peace, to meet the current obli--•gations-oiThe-go-VernmeufL.... This is in sharp contrast with the Republican record. Our tariff laws not only raised revenue, but they protected our domestic industries; they impartially protected the farmer and manufacturer, both north and south. Not only that, but they also raised sufficient revenue to gradually reduce the public debt, and without imposing a grievous “ burden upon the people:/ During the~ administratiou of Harrison .■5236,000,000 of obligations were paid,‘while Cleveland during the last three years has added to pur interest-bearing debt $262,000,000. Against such Democratic financiering the Republican party eaters its emphatic protest. — —— Democracy In AnotheFTKolo. Having attempted to reverse the tariff policy of the United States, with such lamentable results, the Democratic party now proposes to reverse the currency policy. It turns to the currency as the parent of our ills. Its efforts to shift the responsibility will deceive no one. Its attack upon the tariff, its Record of inefficiency and insincerity is a part of the unfortunate history of the republic. The present currency system is the fruit of Republican wisdom. It has been adequate to all our past necessities, and if uneorrupted will meet our future requirements. Our greatest prosperity was attained when Republican currency laws were in full operation. When the Republican party was in power our currency was good; it was made as good as the best on the globe. We made sound money, and we also made an honest protective tariff to go with it. Sound money and an honest protective tariff go hand in hand together, not one before the other. The very foundation of a sound currency system is a solvent treasury. If the people doubt the integrity of the treasury they will question the soundness of the currency. Recognizing this fundamental fact, the Republican party always provided ample revenue for the treasury. When in the last half century of our history did the Democratic party advocate a financial policy that was in the best interests of the American people? Look at its ante-bellum currency record! Consider its hostility to the currency rendered necessary by the exigency of war; and later, its effort to inflate the currency in a time of peace by the issue of greenbacks Witness its opposition to the efforts of the Republican party to resume specie payments. But four short years ago it declared for a return to the oM discredited bank currency. Republican Financial Policy. The Republican party has riot been unfriendly to the proper use of silver. It has always favored and favors today the use of silver as - a part of our circulating medium. But it favors that use under such provisionsand safeguards as shall not imperil our present national standard. The policy of the Republic an party fs to retain both gold and silver as a part of our circulating medium, while the policy of free coinage of silver leads to certain silver monometallism. It is an immutable law that two moneys of unequal value will not circulate together and that the poorer (11 ways drives out the better. The Republican party desiring fairly , to secure a larger use of silver, pledged itself in favor of an international agreement. Harrison, true to the pledge of the party, took the initiatory steps and invited . and international monetary touffireuCe as Brussels, at which the subject of an international coinace agreement was ably and profitably discussed. The Democratic party was also committed 1 to international bimetallism, but when it came into power the work which had buna an uuapiciously begun by the Republican party was abandoned. It was so absorbed in its efforts to break down the McKinley law and empty the treasury that it had no time to promote international biirie tall ism. Those who profess to believe that this government can independently of the ether great commercial powers open its mints to the free and independent coinage- of silver at a ratio of 16 to 1, when the commercial ratio in all the great markets is 80 to 1, and at the same time not drive every dollar of gold out of cireolation, but deceive themselves. Danger* of Free Colnago. Great and splendid and powerful as our government is, it canuot accomplish the impossible. It cannot create value. It has not the alchemist’s subtle art of transmuting unlimited silver into gold,. nor- can it, by omnipotent flat, make 50 cents worth 100 cents. As well undertake by a resolution of congress to suspend the law of gravitation us attempt to compel an unlimited nu3ibor_of 50-

cent dollars To circulate with 100-cent ( dollars at a parity with each other, -An atteippt to compel unlimited dollars of ;such unequal'value to circulate at a par, ity is bad in morals and vicious in po’icy. Sound thinkers upon “’the great question of currency knowJrohi the beginning of the experiment how miserably and Certainly it would fAil. The commerce of the country would be again thrown upon thb sea of uncertainty and the specter’-of want .would continue to haunt us for years to come. Upon opening our mints to the independent free coinage of silver foreign credits would be withdrawn and domestic credits would be greatly curtailed. More than this, there would be a certain and sudden contraction of our currency by the expulsion of '5620,600,000 of gold, and bur paper and silver currency would instantly and greatly depreciate in pur, chasing powers. But one result would follow this—enterprise would bo fuyther embarrassed, business demoralization would be increased aridistill further and serious injury would be inflicted upon the laborers, the farmers and merchants and all those whose welfare depends unon a wholesome commerce. < A change from the present standard to the low silver standard would cut down the recompense of labor, reduce the value-bf the savings in savings banks and building and loan associations; salaries and incomes would shrink,, pensions would be cut in two, the beneficiaries of "THe insurance would suffer ; in short, thc““ injury would be so universal—and+far--reaching that a radical change cad be contemplated only with the gravest apprehension. Necessity For Sound Currency, A sound currency is one of the essential instruments in developing our commerce. It isqfhe purpose of the Republican party not only to develop our doinestic trade, but to extend our commerce into the uttermost "parts of the earth. We should not beginonr contest for commercial supremacy by destroying our currency standard. All the leading powers with which we must compete suspended the free coinage of silver when the increased«production of Silver forced the commercial ratio above the coinage ratio to gold. Shall we ignore their ripened experience? Shall we attempt what they have found utterly impossible? Shall it be said that our'standard is below theirs? You cannot build prosperity upon a debased or fluctuating currency; as well undertake to build upon the changuig sands of the sea.~ . - ■

A sound currency defrauda no one. It is good alike in the hands of the employe . and employer, the laborer and Capitalist. Upon faith in its woijth, its stability, wo go forward planning for the future. The capitalist erects his factories, acquires his materials, employs his artisans, mechanics and laborers. He is confident that his margin will not be swept, away by fluctuations in the The laborer knows that the money earned by his toil is as honest as his labor and that it is of unquesfoined purchasing power. He likewise knows that it requires as much labor to earn a poor dollar as it does a good-one; and he also knows that if poor money“isabroad it -surely-finds itsway. -into his pocket. ■ : ; —-—— We protest againstlowering our standard of commercial honor. We stand against the Democratic attempt to degrade, our currency to the low level of Mexico, China, India and Japan, The present high standard of our currency, our labor and our flag wiki be sacredly protected and preserved by the Republican party. , Other Important Questions, There are many and important questions requiring the enlightened and patriotic judgment of the Republican party A pun-American commercial alliance was conceived by James G. Blaine, and the highest motives of self interest requires us to accomplish what he had so well begun. The Monroe doctrine must be firmly upheld, aad the' powers of the earth made to respect his groat but unwritten law There can be no further territorial aggrandizement by foreign govern meats on the Western continent. Our devotion to the pensioners of the nation wan never more emphatic nor jnore ne-ees.-myWiln now. , The Republican party believes in the development of our navy ami merchant marine until we establish our undisputed supremacy upon the 'nigh seas. The struggle for Caban liberty enlists the ardeD.t sympathy of the Republican party—a party which has, given liberty its fullest meaning on this .continent. We wish to see a new republic born on Cubart soil greet the now.century, whoso, dawn is already purpling the east. The Campaign Ihsups, My friends, the campaign of 1896 is apon us. The great questions for de? bate in the august forum of the United States are free . trade and free silver against a protective tariff and sound money. As we regard our homes and our honor, our happiness and prosperity, and the future power and majesty of the republic let us dedicate ourselves to the restoration of a protecti re tariff which shall be genuinely American and to the maintenance of an honest standard of value with which to measure the exchanges of the people. A distinguished Republican has said that the supreme desire of the American people is for an “honest currency' and a chance to earn it by honest toil ’’

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Bl MMW ' OF _ . . THE GLORIOUS FOURTH ■I I - . AT RENSSELAER ■>.: vjt mu ap<u»r vmmb - In TEN COLLEGE GROVE - East cf Mt- Calvary. Cemetery, PROGRAM • V 1 ''.»* • " , - M arching to -Grow mis. .... ... . IQ' A. M, Sn 1 n tntory A n-i-s Ry K• •v B • 1 1av ill n iL’ f ,s ■•> pro tem ~ .10:30. 1 Address by Mr. Frank Mui y . -. 2:30 P. M. Heading Paper of Stnuisins L.i••»•»«>' -y H>cii fv L .... Oration of the Day by ih lv«v. M’lsillliii l,l W-«'z 4:30 . . M s'c. By College Band, din-ct“d by tin- Rev. B. Boehner, Rector of St. Jus<-p!i’s College. Contest. By Mrs. K. Owens and Mrs. ANUSEMENTS. t Races, Merry-Go-Round, Dancing Bear, Shooting Gallery, Swings etc. Refreshjnents will be served on the ground. Everybody invited to commemorate the Glorious Fourth. I ROBERT RANDLE. I' DEALER IN WJ• W . Farming || Wagons, Buggies, && Carriages, Surries Phaetons, Spring H _• Driving Wagons. S . . p A ftcr reading and noting -some of. our prices below * if you are contemplating buy- iwg h ing, you should call arid .ex- ESeS ft&Y, amine goods ..... a a fe gj ■ ti J Corn Cultivators, (Limited number only)# 13.50. Stirring Pfows, “ “ 12.50. Agent DEERING BALL BEARING harvesters & mowers. At old stand west -side public square, Rensselaer, Ind. • A SME GREAT BATTLE OF NOVKMBEK3 AKE ALREADY WELL UNDER WAY. ANEW President - of - the - United - States IS TO HE ELECTED. AND THE THE NEW YORK WEEKLY TRIBUNE, will, ns always, ba found in the thickest of the tight, battling vigorously for SOUND BUSINESS PRINCIPLED, which will bring PROSPERITY TO THE NATION. TIHVNEW-YORK WEEKLY TRIBUNE is not only tha leading Republican paper of the country, but is PRE-EMINENTLY A NATIONAL FAMILY NEWSPAPER. Its campaigli news and discussions will interest every American citizen. All the news of the- day, Foreign Correspondence, Agricultural Department, Market Reports, Short Stories complete in each number, Comic Pictures, Fashion Plates with elaborate descriptions, and a variety of items of household interest, make up AN IDEAL FAMILY PAPER. We furnish “Tije Republican” ♦ an York Weekly Trihune'’ (both papers.) ->ONE YEAR I FOR :• ONLY :• Address all orders to . ... . rar Arlte votir name and sddresa <>n a postal card, send It to Goo. W. Bost, Room. 11 Tr'huaa Building, New York Olty, and a sample copy of the NEW YORK WEEkLY TRIBUNE will be mailed to you, or sample copies mav be had at this offloe.