Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-10-23
Secretary Of the Treasury Foster Makes
His First Speech for the
Republicans
TO AN AUDIENCE or ABOUT Elk
THOUSAND.
The Coinage Qucstlon.--The Mckinley
Law.-The Condition OF the
Treasury.
NJ telegraph TO the sEwNi
SECRETARY POSTER
speahs for tho Republicans In the
ohio Campaign,

campaign at the wIgwam In this city
tonight. About 5000 people listened
90 the speech and frequently inter-
iup,ed the Secretary with vociferou-
cheering. The Secretary devoted some
tine TO the Democratic gerrymaBdofs
In various States and particularly thelr
scheme newly introduced In Michigan
10 elect Presidential electors by Con.
grcssiunal Districts. II successful In
Iowa, Ohio nud New York this fall,
they will introduce the same plan In
those Staten that give u Republican
majority. Two thirds Of the electors
would be Democrats. Thus the solid
south and Tammany Hall, although
largely In a minority, would rule the
country under the iOtmH Of law. How
long could free Institutions endure
this,
Tho secretary devoted much atten.
ton 10 the Tree and unlimited
COINAGE OF SILVER.
His investigations led him to believe
that there Il In European counties
more than two hundred millions OF
dollars OF silver, TO say nothing Of the
boards In Mexico and South America
that would come TO this country the
moment We hfo ready 10 pay 81 30 por
ounce for II. We could not maintain
ourselves against such mn enormous
strain, and would soon be placed by
the side OF Mexico and the Aslatlc
countries with currency iluctuating
In value and with nm eyeT-incroaslng
downward tendency. Let no ono de.
lude himself Into the belief that the
world would not dsluge US with silver.
Tho secretary said tho Republican
party has, In his opinion, gone an far
~ prudence will permit In the
matter OF silver legislation. lie
has made In quiet way n careful Ia.
vcstigatlon OF the feeling Of foreign
countries upon the subject OF nh inter-
national agreement between them and
our country, by which gold and silver
upon some acceptable basis can be
maintained nj parity. 81 have but
little hesitaucy In saying" he added,
''that but for the feeling existing abroad
that public sentiment In this country
Ia tuch ~ 10 compel ut least n better
". NJ silver " not an international
agreement. The success OF the Demo.
cratic party In Ohio this fall means
that unlimited free coinage will DO the
platform of that party In 1902, and
Denocratic success In the nation means
that this country must 20 on u silver
basic. Let US continue to pursue the
Republican policy Of conservatism.
Let us convince Europe that We
are not going on silver standard,
aud my word for II, when Europe
~ convinced that We viii not adopt the
policy Of free aud unlimited coinage, or,
In other words, that We viii rot place
ourselves upon n silver basis, we will
be able 10 come To some agreement for
n better use Of silver, II not ut once 10
come 10 an international agreement 10y
which the parity OF the two metals
upon an agreement rate may be men.
toned"
Secretary Foster dwelt at length on
the M'RISLEy LAW,
citing statistics to reiute the Democratic
assertions, etc. He asserted that tho
INIT i've years Of the Mex inley law will
SHOW an inccease OF more than $780,
100000 paid In wages 10 our people
with u corresponding home market for
the produce Of our farmers. tie also
warmly culoglzod the reciprocity poll
cy. Turning TO the condition Of
THE TREASURY,
the secretary spoke Of the stories OF the
"critlcs" on the other side during the
past year, about their assertions that
various payments could not be- met,
how the converting Of bonds was a
sign OF bankruptcy, etc, and how their
Insertions had been rofuted by the con-
version OF tho honda. "We have Illus.
trated that this country enjoys the
highest credit Of any nation on the
earth, We prevented the withdrawal
Of 500, 900, 900 Of national bank notes.
In mct We added nearly S5,O00.000 OF
these notes 10 the currency. We have
taken and viii take fa5. 01O,01O OF
money Of the treasury TO pay the non
extended bonds which, added TO about
f21o, 100000 paid out for bonds by my
predecessor, Mr.. Window, makes the
enormous total about $500, 900, 900
paid out Of the treasury In cash
since the administration Of Presi-
dent Harrison began. With this money
there has been and will be Cancelled
over $3.50, 900, 900 of tho bonded debt,
anu, Notwithstanding all this, we still
have len sufficient sum 10 disarni all
fears " an empty treasury. II has
been falsely charged that | Instructed
my suhorlinstes 10 delay settlements,
and In every conceivable manner avoid
tho payment ~ money out of the
treasury. So anxious are they TO con-
vince the country Of the extraya gance
OF the "blllion dollar Congress.V Ma
such order was given aud my subordi-
mates willso testify. BY attention to
the needs VI tho country, we have also
been able TO furnish the West and
South with small bills mt cheap rates nj
the full extent Of their wants, aud In
quantity perhaps double tho amount
ever beior sent.
The secretary spoke Of the unique
system NJ bookkeeping made use OF
by the Democrats when they had con.
troll ~ the treasury. by which the trea.
tufy was shown Ia fo-sess much less
sum NJ money than II had. THIS
method was changed 10 system that
4. perfectly fair and intelligible. Yet
ofllics charge me with the Juggling oi
figures.
II the Democrats could convince thu,
people that they are on the verge OF
bankruptcy; that new industries, like
tin plate, cannot be made n success IN
this country, aud that the treasury IL
bankrupt, they would 10 In heaven oil