The Portland daily press., 1888-08-16

beak into the vitals Of this nation
sue W YOU'D grow rich and prosperous
a. anu Ilat our disasters would inure
W nel Denent. Had she any reason for this
fnda us see NO sooner had the Southern Con-
al forn crystaillzed itself into government
al uoInl tIan It Incorporated into its cOnsti-
nue,oh IIee.trade plank, and in order that
may ue right, flor l see the reporters are
Ddsy laughter and that you may know
Mnat sue spirit Is which lies behind the ac-
s s,Vn " h eouay, let me read you something
rom tne constitution of the Confederate
S..9Dnlgress. You will find it in section eight :
1he congress shall have power to lay and
Collect taxes, duties, impost and excise for
ffsvenna, put no bounties shall be granted
t taoi,i .ne treasury; nor shall any duties or
lakes on lmportations from foreign nations
| industry
Ii IBIS IS not declaration of free trade
thsn the English language cannot express it:
Ehsianu knew that If the South succeeded
III tlie contest she would have ready and free
abundance to our markets. How is it to-
day! NO sooner had Grover Cleveland is
Sued MS message of last December than all
England Is ON tip-toe with delight and a
Lohdon spectator conveyed the sentiment OF
MS people when he declared that Grover
Cleveland had done more for free trade than
any prime minister of Great Britain ever
hau. lGreat applause.l But my friends l
Wlll drop that subject by saying we beat
them now. lCheers and applause.
et at the very threshold Of this canvass
the democrats say they are not free traders
tnat the issue is not protection on the one
slae ana Tree trade on the other; that they
are simply revenue reformers. Cries of
5000 and applause.I How long since
Inc last speaker told you since the Oregon
electlon Laughter and applausel; since Ore
! g0n' 5,OOO,OOO of sheep voted the Republican
tlcKet tney are revenue reformers. lRenewed
laughter Lumber, wool and all the indus
tries OF oregon have been to the ballot box
anu she gave 10000 majority, and they say
We are not revenue reformers
III the question, my fellow citizens, is not
between protection and free trade why is it
then that every free trader and every single
what may have been its political affiliations
hitherto, supports the Democratic ticket
Why is 1t all the leading journals of Great
Britain and all the statesmen, manufacturers
and merchants of Great Britain, conserva-
TIVE I've and liberal, whig and tory support the
hundred times better in England than he is
with us. Laughter and cheersl. He will
be elected over there, more laughter but
not here! lApplause.] l say that because
what am talking about.
Why is it they have made this assault up
| on our industries? What excuse do they
give for It? Simply because there is sur
Plus IN the treasury OF the United States.
don't know how it is here in Maine, but
know in the section / came from there is
Democracy and lots of it-pure and simple
and there is nothing in the city of New York
that will disturb a Democrat so quick
" as surplus. lGreat laughter,
took the last, and we shan't have another
| for % years to come, unless something hap
pens. Why | have written to Washington
twice since l knew was to speak here, to
md out how much surplus there was. There
is no man in this audience, brilliant as it is
who can tell If there is one he will do me q
favor If he will speak. Some say it is $780,.
100000 others S75,000,000 and others $780,
100000 Two weeks ago it was $113 OO0 00C
and the last count $150,O0O,000. My Demo
| cratic friends, the sum is too elaborate and
they have, not been able to add it up.
lLaughteRl You know they are not first rate
at figures; they usually guess at it, especial
~ In large quantities. renewed laughter
they never went to school great deal
agree. [Laughter.l Wherever there i
surplus Of school books there is a
deficiency in Democracy and vice versa
hence they have not arrived at the exact
amount in the United States treasury.
! don't care how much there is; the more
the better. Suppose there is $780, 600
how much is that head? $500; that is all
Not very much for man who likes sur
plus! and we are all after it.; every
honest and true man wants a
a surplus. never knew but two men who
did not; one was a free-trader, and the other
was In the penitentiary. The moment you
have a surplus in the United States treasury
that moment the nations respect you. ZAP
piause, tell you, my Republican brethren
surplus in 1860 you never never
would have seen the rebellion. Never
] lGreat applause.l What is the history of all
tne powers The nations that have a surplus
nave credit. And the nation that has finan-
cial credit other powers let alone. ZAP
plause.J But the moment you are out Dor
| rowing money and have no credit, that mo-
ment you become the football for the other
nations OF the earth. Well, my Democratic
! friends, there is some difference between
now and 1860, isn't there? When we. and
by I'VE" mean the Republicans, came into
| power we didn't have any surplus; the most
we had to contend with was the Democratic
vacuum, llaughterl not dollar in the treas
New SRa York 0' city a Gsp und eT &c
place upon the market $1,000 900
at ~ per cent. interest and could not do it.
selling the bonds of this country at IS cents
on the dollar, not gun in the arsenals, not
ship. on the sea-all sent South. Nothing
but rebellion, treason, bankruptcy and
wrong was the legacy inherited from the
democratic party and she had been in pow
er 30 years.
The Republican party has had control in
~
1erred the government to your hands we
presented you with the grandest nation be-
meath the sun, [voeiferous applauseEat
peace with itself and all the world, nation
whose greenDack dollar had 100 cents in it,
fou had shot So cents; it didn't really have
but 50. We brought it back and gave YOU
currency that is unmatched in the world.
DO you know, men of Maine that the green
back dollar born out of the necessities of the
rePuDllc, protected by the loyalty of the Re-
Duhltfan marty fraVQlc with fha a.
sun today, and finds discount nowhere. TAp-
plause.l
1t is as good in Hong Kong as in Washing
ton, as good in Frankfort-on-the-M Main. the
money center Of Europe Il know, for have
tried it, as right here in Portland. as good in
London as in New York, in Berlin as i'm
Chicago. 80 -
Your bonds bearing interest at the rate of
Z per cent are selling today at 275 cents
above par; Add q cents and Is below par and
in the money markets Of this country aai
cents Gel more than it was in 1860. [Applause.1
Inc difference, my Democratic brothers. is
between coming in and going out.
i! would like to follow this comparison. Int
u Is 700 not suppressed laughter, and | am
going 70 vermont tomorrow, and am bound
10 carry one State anyway Applause
Now there are several ways to get rid of
the surplus; | will mention one or two.
One is to take it [laughterI-right or wrong g.
uat 10 VIC NcW L OTk way Another Is IN
take off the internal revenue tax from tobac1
co which is thirty million dollars. take off
from the spirits that enter into arts. mann
features and medicines, ten more which
makes forty million dollars, take eff from
sugar ffty-eight millions more. and von have
ninety-eight millions, having then touched
only three industries. And why from sngar9
Perhaps | am little radical on that hnt
mark you. my friends, that we produee univ
nine per cent. of the sugar we consnma
ninety-one per cent is imported. and we re
ceive a greater revenue from snoar tban
from any other imported article. Another
fact,-we are not raising the amount Of sugar
today. that we did thirty-four years ago bv
actual statistics Il have them in nv pockeH
not so much as we did twenty-five wears AGO
not so much as we did four years ago. II
that industry can be encouraged. then Lot
portion OF the duty remain, but reduce II
Gne-half at least and then Won will have
eighty thousand dollars removed. "'0
There is another way which i like hettar
than any, and that is, take the surplns and
pay our honest debts. Applause II i; S"a
good thing to pay debts, provided Won have
the money to do it with. What wonld vo,
think here in Portland of man. a mercbsnt
walking up and down your beautiful Streets
owing ten thousand dollars. having five thou,
sand In the bank, and saying, 81 have a sur |
plus OF five thousand dollars? You would |
say, Pay your debts and you won't have |
quite so much surplus" In a very few years. |
II reckon right, we shall have nearly nine. |
teen hundred million dollars coming due. |