The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1878-10-05

THE lola REGISTER.
Published Every Saturday.
VOLTA: KANSAS.
SENATOR ROSCOE CONKLNG.
synopsis Of His Address at the New York
Republican State Convention.
marks ntly acknowledging his hearty greet
ing, said:
We have met on q year likely to be the
hinge upon which much in the future will
turn; o year which in its political results will
leave deep and lasting impression I'm other
years. America, I'm common with every land
IN Christendom. has passed through period
labor and capital have both suffered much
everywhere. Hard times have fallen on all
lands; not on all alike, because less heavily
many. Russia, France and other countries
are passing through deep tribulafions. We
have over passed the worst, and restoration,
gradual and constant, is sure. unless want of
wisdom ana fallacious measures block our
way. The matches resources OF the cOun-
try and the matchless enterprise and activt-
ties of our people will not fail to cure our
sured:
FIrsf, Congress must not destroy the head
way which has been made. and launch the
ton by wild and reckless attempts to control
the laws Of trade, Ind to create values by
legislation. Financial stability and certain
not rely aoa
theories or novel devices. Permanence and
fxedness oflaws are often better than phil
osophy or even perfection.
M 1ok hov frrSn
eminent; earnest and steady administration,
and an honest, Constitutional currency, with
public credit kept high and untarnished, and
founded claims, and against all Schemes of
plumber and speculation.
- Third. We must have peace and order and
groectfon foil and equal before the law for
7he rights of all men every where, North and
Tbs object of q just Government is, not to
carry on business, but to protect life, prop
zen free and safe In all lawful exertions, op-
portuni:ies and enterprises in which he
chooses 20 embark. Wealth or property can
iisicai parties. No sieigkt Of had can ~ pro- TO-
duce it; no philosophers stone or perpetual
motion can be discovered by legislative de-
vices, however Q, eyer cunning Property Is the
the forest, piowed out of the field, blasted
out of the mine, pounded out of the anvil,
wrought out of the factory and furnace. La
u, a
which there are most laborers and in which
labor is best cherished and cared for, must
be the richest and most prosperous; Capital
work together both are enriched; when
they are hostile or separated both suffer.
What is the difficulty now? Business is
stagnant, capital is afraid, labor lacks en-
plOyment. Capital is always afraid when Ia
Dor lacks employment, and whenever cap
ital is not afraid there is q brisk demand for
labor. 1t has been asserted, again and again,
lnaf Ial,
States who want work are out of employ
ment. but every body knows that can not be
true. The picture has been over painted.
that business is depressed, and honest, hon
Orable labor Is suffering. Can these evils be
cured by sucn projects as are now urged up
on us? 1t is said that we should have new
and large issues OF paper currency. What
for? Is not currency piled up in every bank
and money center and depository? Can not
money be borrowed in millions at the lowest
rate of interest? When all the paper and
coin in the country is put into active circuia-
ton will there not be an abundant currency,
confidence and stability The assurance that
credits cree and values win not be tempered with
lafion; but schemes for watering the cur
rency and shrinkage of its purchasing pow
er, and thus changing bargains and trans
hide.
What is to be done with the new issue of
paper? 1t is to be paid, we are told, TO bond
they give it awayp They win keep it or loan
1t. What good will that do If put into circu-
lation? 1t will dilute and depreciate the
whole currency and putup prices for the poor
fast enough to keep up with the advance of
prices of food and commodities. All borrow
ers, with security, can borrow at the cheap.
90 alter more greenbancks are issued; but to
pAy on bonds with paper currency will stop
e much INTEREST," Yes; but what stands in
n the first place this would be dat repudia.
tion. Why, the bonds themselves, for years,
have said on their face, and laws and reso.
foiiS n. IN every solemn form of plighted
in honest hard mOney-in coin. Savings
banks, trust companies and individuals haS
bought these bonds for widows and orphans
bonds are not held by the ricn. Most of them
are held by those who are not rich. Again,
the government and American people, in
money tor bonds, that not more than a,ot0..
900 of legal tenders should be outstanding.
This was to say that the bonds should never
be paid with legal tender notes. This pledge
be kept in honor or repuoiated In dishonor.
What 10 the reason for striking at the bonds
of the United States, or at those who hold
be that the bonds are not taxed. There are
several answers to this. In the first place,
they were and are taxed, and taxed in ad-
vance. Inc uinu Wuo phys pdr IN SOlu IOf
bond bearing only per cent interest, and
thus loans his money for four. seventies, or
only fraction more than half the legal and
usual interest," in this State, pays for exemp-
ton from further taxation on each. One pays
pretty largely for 1t to tax it again or differ
emily. No, IL would be to break the contract
just as much as to refuse payment in whole
were issued to save the Nations life, and
now 1t Is proposed, in violation of laws and
the faith Of the American people, to repudi.
ate and depreciate both. It Is proposed to
uprOOt our whole financial system when its
worst evils have been overpassed, to over
throw the banks and to set shifting Congress
sional matorities, caucuses and coalitions to
much and as often as they please. Such &C.
ton would unsettle values, would initiate and
debase currency, would cheat labor of its Just
reward, would breed corruption and gam.
bling speculation, would battle all calculations
of business and made trade more than q rattle
capital, would be the heaviest and sorriest
sufferer.
The Republican party is against it. and one
OF its missions is to manage to final success
and relief the ugly financial legacy of q war
which IL did not make; o war in which every
Republican in every State and on every spot
was on his country's side.
of the Democratic party. Its last National
Convention demanded the repeal of the act
to resume specie payments next January.
Now, when gold and paper have come to-
gether months beforehand, Senators Thur.
man and Pendleton in Ohio, Senator voor-
bees and Governor Hendricks in Indiana,
Mr.. Johnston In Virginia, the Western and
Southern leaders of the Democracy generally,
and Democratic conventions even in New
England, call aloud for huge schemes of more