The morning call., 1890-04-06
AN INTERVIEW
WITH STANFORD.
His Opinion Upon the Tariff and
Silver Questions.
The Senator's Land Mortgage Scheme Out.
lined-Work Will at Once Be Resumed
on the University.

Senator and Mrs Stanford returned home in
special car from Washington yesterday morning
for the purpose of fastening the completion of
the LELAND Stanford University, that the formal
opening may take place next autumn. The
Senator expects to remain for a couple of weeks
and will then return to the CAPITAL TO take part
IN the consideration Of the changes in the tariff,
aud give his attention more especially TO what
ever changes presented will affect the interests
OF the Pacific Coast.
A representative OF THE CALL visited the
Senator at his mansion yesterday afternoon. and,
although the effects OF q severe attack of the
grippe were evident in the efforts OF The states
man TO speak, yet most interesting interview
was cordially conceded Expressing himself
generally upon the leading subjects before Con-
gress for legislation the Senator said:
"The disposition is very strong toward recip-
rocal trade with Mexico and very kindly feel
ing is also evidenced for better trade relations
with Canada. There is sentiment growing to
have all The land from Mexico to the North Pole
as a part of the United States.
II remember" the Senator continued. awhile
dining one day with Secretary Seward. he told
ME lie had received commission from Virginia
aud 10 settle the gu estlon involved he told the
Virginians that he wanted the country from
Mexico TO the North Pole for the United States.
l have favored that idea ever SINCE"
MINED RACES UNDESIRABLE.
Referring to The act restricting Chinese i'm
migration, the Senator declared himself much
less apprebensiye of an overwhelming influx of
MongOlians in this country than the majority of
people, because the mines have given out and
mining Is the principal attraction 10 them.
Furthermore, lie declared the Chinese were now
giving labor i'll return for every dollar they re-
ceived, aud they no longer gathered fortunes
from the gold-mines and carried the money to
China. Yet lie favored keeping them out of the
country, for mixed races ale undesirable.
The reference TO mixed races led tue Senator
to speak of the position OF the coiored people at
the present time. He said there were great
many negroes at Washington, and they are In
dustrlous and peaceable. Education. he believed
would continually better their condition. but
algamaton is out of the question
Returning to discussion of the Restriction
Act, he disposed of the subject with the remark
That the Chinese Government recognized the
right of the United States Government to con-
troll the Immigration of the Chinese in this coun-
try and the proposed amendments to the act
would not seriously affect the treaty between
the two countries"
Tie Senator did not desire to speak freely up
on the revision of the tar, as the matter had not
yet been discussed In the Senate, but lie said he
advocated either maintaining the tariff on sugar
or giving a bounty on its production. He was
satisfied that Ill five or ten years sufficient sugar
would be produced III The United States to XIII
foielgu competition.
THERE ARE no FREE-TRADERs.
Enlarging upon the tariff question he gave as
his opinion that there ara no free. traders mas
much as all admit the necessity for revenue
One wishes to levy a tariff for revenue; another
TO levy tariif Tor protection. The question re-
mains as 10 the wisest manner III which TO re-
strict certain goods and give free entry TO others.
In response TO the desire of the reporter for
an outline OF the scheme for securing direct as
sistance from the Government for tie develop
ment Of farming lands, Senator Stanford elu-
cidated the plan which he has been forming in
his mind for many years for the benefit of all in
dustrles connected with the productions Of the
soil.
NY scheme is not 10 aid farmers especially"
lie said; at Is to assist every industrial interest
in the country. We all know that the farms of
fer the most tangible security. The principal Is
that the best financial policy is that which comes
near as possible to giving all property as much
credit as 1t is entitled 10. The principal of loan
ing the Government credit on property is estab-
lished wren II loans 80 per cent upon Govern
ment bonds"
scheme, be said that whereas owners of Govern
ment bonds now are given interest thereon by
the nation the borrowers from the Government
on land mortgages could afford 10 pay from 1
10 per cent interest upon moneys received, and
would distribute The principal With more benefit
10 the laboiers and manufacturers. These bor-
r0wers would give as security double the value
OF the loan.
BONDS MUST BE RETIRED.
The bonds which have been Issued by the
Government must be retired in short time.
therefore How is he Government then to give
a supply OF money for CONNER cial and industrial
purposes unless 1t utiizes my pian?" he asked.
The nearest standard OF values is the la Dor re-
quired TO produce IT. the senator continued.
"Aiy scheme Is really a revolution In finance.
II has for It's object tile energiZng of property
and giving activity to all the industries OF the
country. There is nothing analogous arising out
OF this plan, which has occurred in other coun-
tries, because the resources OF the United States
and the mighty population make valuable all
promises to pay. The credit to be loaned Will
be III the paper OF tile Government. redeemable
kind of lawful money. In other words the
farmer who deposits his mortgage with the Gov
eminent will be treated as The banker is who
deposits his Government bonds and receives
paper money just as valuable, no more and no
less"
In tie opinion OF the Senator the silver cues.
tlon is substantially settled. He stated that
there is strong conviction III Congress that sill
Yer ought to be est abllshed on its old footing.
This Will be managed either by free coinage or
Limitation 10 $4,000, 600 per month. The effect
Will be 10 revive the industrial interests of New
ada, Arizona, New Mexico, Montana aud Call
fornia.
THE UNIVERSITY AT PALo ALTO.
/" Why was work stopped SO abruptly on the
construction OF my university? II was merely
downpour of rain, and the building being yet
without roofs, the difficulty of continuing the
work can be easily understood"
lie Senator has been quietly gathering in
formation from other institutions 10 guide him
in the management OF his university. He lu-
tends first TO appoint Vice President, leaving
the office OF President open until the Vice Presi-
dent proves his fitness for the higher position.
The President Will be invested with extra
ordinary powers, ana Will nave much TO say in
the construction OF buildings, and unless he is
possessed OF tirstcass administrative ability,
he Will not be success
In fact, the Senator wants man with quail
ties which would easily tit him by experience 10
be the general manager of a large railroad, as
well as possessing a knowledge OF what should
be taught IN the university.
The Senator, III ending the interview, alluded to
the innumerable letters lie has received in praise
OF his land mortgage plan. Three OF the letters
were from bankers who assured him the bank
ing interests would be benefited by additional
deposits II the scheme came into operation.
THE country press generally favor the prouo-
slIion, and any adverse criticisms In metropoll-
tan Journals" The Senator SAID. "have not shown
that the writer's have given it any serious con-
sdelation"
81 was met on the train by an Examiner re-
porter, and the report OF his Interview misrepre-
senis very much what said,h declared the Sena-
tor in conclusion, making this complaint with a
look assuring no further interviews with that re-