St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-22

and important one. The necessary legisla-
ton to sustain this industry upon prosper
GUS basis should be exteded. No one real
ICES more fully than myself the
great delicacy and difficulty in ad-
justing tariff SO nicely and equitably as
to protect every home industry, sustain every
class of American labor, promote to the
highest point our agricultural interests. and
at the same time to give to one and all the
advantages pertaining to foreign productions
not in competition with our own. Thus not
only building up our foreign commerce, but
taking measures to carry it in our own
bottoms. Difficult as this work appears, and
really is, it is susceptible of accomplishment.
by potent and intelligent labor, and to no
hands can it be committed with as great as
surance of success as to those of the Repub-
lican party.
OUR MONETARY SYSTEM.
The Republican party is the indisputable
author of the financial and monetary system
which it is safe to say, has never before been
equaled by that of any other nation. Under
the operation of our system the finance OF
the country was safely carried through an
extended and expensive war, with national
credit which has risen higher and higher with
each succeeding year. until now the credit
of the United States is surpassed by that OF
no other nation, while its securities at a con-
stantly increasing premium, are eagerly
sought after by investors in all parts of the
world. Our system of currency is most ad-
admirable in construction. While all the
conveniences of a bill for circulation is at
tached to it, every dollar of paper represents
n dollar of the worlds money in standards
a I'd as long as the just and wise policy of the
Republican party is continued there can be
no improvement of the national credit
Therefore, under the present laws relating
thereto, it will be impossible for any man to
lose penny in bonds or bills of the United
States or in bills of the national banks. The
advantage of having a bank note in the
house which win be as good in the morning
as it was the night before, should be ap-
preciated by all. The convertibility of cur
rency should be maintained intact, and the
establishment of an international standard
among all commercial nations, fixing the
relative values of gold and silver coinage
would be a measure of peculiar advantage.
INTERSTATE, FOREIGN COMMERCE AND FOR
EIGN RELATIONS.
The subjects EN- braced in the resolutions
respectively looking tothe prom of our
interstate and foreign relations, are fraught
with the greatest importance to our people.
In 10 int of ic
much to be desired in the way of equitable
rates and facilities for transportation that
commerce may flow freely between the states
themselves, a diversity of industries and en-
ployments should be promoted in all sections
of our country. And that the great granaries
and manufacturing establishments of the in
terror may be enabled to send their products
TO the seaboard for shipment to foreign
countries relieved of the vexatious restric-
tions and determinations in matters of
which it may emphatically be said, ''Time is
money! aud also of the unjust charges upon
articles destined to meet close competition
from products of other parts of the world. As
TO our foreign commerce, the enormous
growth of our industries and our surprising
production of cereals and other necessities OF
life, imperatively require that immediate
and effective means be taken through
peaceful, orderly and conservative methods
| to open the markets which have been anC
are now monopolized largely by other ma
tions. This more particularly relates to oul
sister republics of Spanish America, as also
to our friends. the people of the Brazilian
empire The republics of Spanish America
| are allied to us by the very closest ana warm
est feelings, based upon similarity of institu
tions and government, of aspirations anC
mutual hopes. The "Great Republic,'' a.
they proudly term the United States, is
looked upon by their people with affectionatt
admiration, and as a model for them to built
upon, and we should cultivate between them
and ourselves closer commercial relations
which will bind all together by the tie:
| friendly intercourse and mutual advantage
! Further than this, being small common
wealths in the military and naval sense o
| the European powers, they look to US as al
least moral defender against the system o
| territorial and other encroachments which
aggressive in the past, has not been aban-
doned at this day. Diplomacy and intrigue
| have done much more to wrest the com
merce of Spanish America from the United
States than has legitimate commercial com
/ petition. Politically we should be bound t.
the republics OF our continent by the closes
! ties, and communication by ships and rail
roads should be encouraged to the fulles
possible extent consistent with wise an(
conservative public policy. Above all, W,
should be upon such terms of friendship al
| to preclude the possibility of national mis-
understandings between ourselves and an,
members of the American republican family
| The best methed to promote uninterrupted
peace between one AMI all would lie in the
meeting of general conference or congress
whereby an agreement to submit all inter
national differences to peaceful decision o.
friendly arbitration might be reached. Al
agreement Of this kind would give
| to our sister republics con.
| fdence in each other, anC
in us a closer communication would at once
ensue, reciprocally advantageous CONNER
cial treaties might be made whereby muel
of the commerce which now flows across th.
| Atlantic would seek its legitimate channel:
to inure to the greater prosperity all Ameri
can commonwealth. The full advantage:
| of policy of this nature could not be stated
in a brief discussion like the present.
| FORCING POLITICAL RELATIONS.
The United States has grown to be gov
ernment representing more than fifty million
| people, and in every sense, excepting that o
mere naval power, is one of the first nation.
of the world. AS such its citizenship should
be valuable, emitting its possessor to protee
ton in every quarter of the globe. 1 do no
consider it necessary that our government
should construct enormous flats of approved