US Presidency
1900

A tariff which protects American labor and industry and provides ample revenues has been written in public law. We have lower interest and higher wages; more money and fewer mortgages. The world's markets have been opened to American products, which go now where they have never gone before. We have passed from a bond issuing to a bond paying Nation; from a Nation of borrowers to a Nation of lenders; from a deficiency in revenue to a surplus; from fear to confidence; from enforced idleness to profitable employment. The public faith has been upheld; public order has been maintained. We have prosperity at home and prestige abroad. Unfortunately the threat of 1896 has just been renewed by the allied parties without abatement or modification. The Gold bill has been denounced and its repeal demanded. The menace of 16 to 1, therefore, still hangs over us with all its dire consequences to credit and confidence, to business and industry. The enemies of sound currency are rallying their scattered forces.