The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-02-06

ended lsis official Career aud lsis Late.
NEW loEK. Jan. q. -Following -
speech ~ Secretary Window delivered
Just before his death last night:
- am 10 81. Ak briefly 81 the Instruments
81 commerce IN their relation 10 the wFalih
aud prosperity 81 the country. The ~~nhl'e.
y very broad and my time very Limited
shall therefore,. confinr my remarks y" w"
chief Instrument Al neutrality-suspicious. NV
money. 4 nations wealth and prosperity
are usually Ia proportion % the extent anu
success Of IL commercr. and commerce ~
self T. dependent upon the adequacy NJ"
adaptation OF these TWO essential inr'rn-
mcnts.
'Tho history Of All civilized countries ~.
tests the fact that the nation best rlnfrp'"
IA these respects rapidly becomes the most
powerful, the richest and the most prosper
Gus. our country u no RECEPTION - M RUE
No nation has ever fo~tcred more ilbrfriN
or protected more carefully IL INTERNAL anu
coA-twise trade than We have done, anu
resultant magnitude and prosperity ~ our
domestic H.. I believe. without a
parallel ia the history Of the world. we
have more miles ~ railroad than all Europe,
49, anu Nfrlca combined. The floating ton
naye ~ the United states engaged N coast
wise commerce and on our lakes ana RIVERS
~ far ~ excess Of that 81 any other nation
our Increase Of wealth from 1870 10 $50 ~
wv NAA " N
United states. 1854. ssl .tQ. GREAT britain,
Sx.20Dn.ool; France. sl.t15,pco.o'o 1'rmnny,
<.6-5,Uno.Ouo. our home markets 10 $50 ap'
Sorhed I'VE times as much OF our mannfact
nred products AZ Great Britain exported OF
hers "a all market Of the word
Contrast THESE grand results 81 our llbtr'
ally developed domestic commerce, op'raf-
ing upon our protected industries. with the
present shameful condition 81 our foreign
c%arrying trade.
"illcre Mas a time when we stool HIST
among the Nations IA ~hiphuillinE ana
creat Britain alone cxcrled rs ~ ocean ton
mage. once ~ PR cent. of our lmport~ and -
per cent. of our exports Mcr" carried ~
American boats and our merchant mAfins
became the boast ~ every citizen ana the
envy ~ the world. Now. ~ far ~ foreign
ships ARE concerned. orr ~hipSards are com
paratiycly silent and our dag ha- almost us
appeared from the high seas.
so strong had our position bse"m" under
the protective policy Of The nr~f twenty five
years ~ national life that our merchant ma
rinc continued g. be prosperous ~ long ~
wooden vessels were the only vehicles ~
ocean and other Nations feirainfd
from heavy subsidies ~ their ships isut
when wooden vessels began ~ he >upplant
cd by ron steamer aud european govern
mcnis poured their contr buttons INTO the
treasures If their companies me
dccadence of American shipping began and
has continued ever since.
I'm my Judgment the remedy - plain ana
easily applied. n We would regain cur lo~i
prestige. rcin~tatc our fias aron the ocean
AMI open the markets ~ the wrfld 20 Amer.
lean producers. We must make tue contest
with The same Weapons which have proved
- Suctc--fnl In the hands ~ our riNai'
M the folly and danger ~ depending upvn or
competitors for the means 81 reaching com
psftivc markers can NOT be- estimated.
">uppusr that Tor twenty i've years w
had given s5.itU.O0o a year ~ excess ~ oui
foreign shipping. and reduced by shAl
amount the prepayment: ~ INK bond - dsht
should We not have been far b ttrr on than
We arc now shah W. give thu projection
and -uppnft 20 our foreign rrrrEnnt mn
rinc that other nations give ~ theirs. ans
which wcfrceiy give 70 all other great inter
c~t-. Or shall We accept a. inevitable on
present shameful ppsitipns 1 regret 20 -.
that the uniform record OF indidcfrncr.i
not actual hostility. during the past MT,
wears affords little announcement, In TACT
the tcndenc of late has been 20 <urrrndc
20 foreigners our domestic nmc rafne
than 10 assert ourselves uron the ocean.
: Presidents Of the United states have re
/. p~eafclly expressed the National humiliation
r and appealed 10 Congress for AID IN helalf .
our rapidly vanishing merchant marine. bu
thus far their words have fallen upon dta
cnrs. Let ~ hope that the urgent appeal
~ President Harrison On this subject ma,
a | bear frulf IN ZONE well tuft t~tNi mfA-Ntt ~
protection and announcement.
1T - essential 10 nms that the cur
Z rency with which Il il conducted. both 4
\ quantity and quality. ~ the wants ~ trad
4 ~ that the vessels 81 transportation. ~lioui
y. adapted ~ their purposes The iira
financial condition should w. rnr that wout
Y furnish Just enough Of absolutely sound cur
rcncy 10 meet the legitimate wants " trad
\ and no more. and should have rnopg
elasticity ID volume 80 adjust Itself ~ ~
VARYING nec.~~itlc~ ~ the proplr. Could sue
x "a circulation medium " SECURED the grAsr-
\ commercial IiSast f- which, threaten on
future might Ne avoid VA. THESE di-
disasters have always come when nnu~ai
activity in bus nts ua- caused nm ahnprIia
u demand for money, ~ NJ the aiinfnn lcr "A
movement ~ cur Immense rpp~.
, ~Issrs viii always W. great DANCER 4
those tinc4 under any ra~i irun ~y~feM I
currency. such a. W. NOW have. Had N I'D
hctn for the p.cnl ar cuff wnic
snnhird tho United ~flte~ 70 nisbar~c az
s.1.NN1.pn III about Two unh A saif month
\. last autumn. ] am firmly convinced thAt A.
" ~trin~cny Ia August ANA september WOui
y have rcsuifcd IA widespread financial ruiI
l. an thoroughly cunv ncrvi THAI a bette
method can u. devised which VI Ia III 4 laru
degree replace the power M expansion d
contraction in III. hands offie people then
selves. The opportunity fnr securing sue
i Il currency may bc found M our Ionic
n debt which IN my lidg nrut Miy ia part y
" exchanged for -ntcrconvrrlihir bonds. toal
Z, ing q low rate ~ interest. aud Always lntcl
\, c~hanucAhlc for money liz the will ~ I'll
y holder. The quality ~ th. REGULATION
4 even more important than III. quantity ~
+, llesing that there ~ not enough ~ cith'
4 gald or silver n the wofidtn ni,tf tho niece
y stiles 81 business am IN earnest hi meta
Vt. aud concsIs % no one j stronger de~ll
Y. than I feel for the free and unlimited COMA
III silver. a. soon a. contii tions can I
u reached. through International agr.urncn
" or otherwise. ~ which such coinage shall
4 safe. Hut IL u my firm conviction that I.
A; this country 10 enter upon that cxpcriIcl
!. nov would b. extremely disastrous. and tn
~ Il would result MT ia hi uetaii~m. but
IL silver mono metnli4in. | bel eve II won
N produce a swift and sure contraction. ~
- eventually reduce the market yaIueuf sii,s
!. when the silver dollar cciSts to ha'
Y more value than the bullion n contains the
viii be little inducrmrnt "a coin o.
r. own silver. and the cost of tran
N 20 tation viii prevent III coming FRO
abroad. How. then. will unlimited col
n aye either expand The circulation
r. enhance the value ~ silver The advpcat
&c 81 present free coinage insist that IA shall \
wait the slow procs - ~ mint operation. y
I. that the printing press shall ~ set % Nj"
~ providing certificate J. ~ " issued for ~,