The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-10-23
Secretary of the Treasury
Speaks at Findlay, Ohio.
ADMINISTRATIONS GOOD WORK.
The Prosperity of the Country Men,
aced by the Free Silver Advocates.
Blaine Is Interviewed in Boston on the
Way to Washington City-He Is In
Fine Health and spirits-Jerry Simp-
SON Addresses the Sockless Farmers.


Treasury Foster made his first speech for
the Republicans in the Ohio campaign at
the Wigwam in this city tonight About
5000 people listened to the speech, and
frequently interrupted the secretary with
cheering The secretary devoted some
time to Democratic gerrymanders in the
various states, and particularly the scheme
newly introduced in Michigan to elect
presidential electors by congressional dis
tricts. If successful in Iowa, Ohio and
New York this fall they will introduce the
same plan in those states. Thus, although
those states give Republican majorities,
two-thirds of the electors would be Demo-
Gratis. Thus the solid South and Tam
many hail. although largely in the minor
lty, would rule the country under the form
of law. How long could free institutions
endure this?
The secretary devoted much attention to
the dangers of free and unlimited coinage
OF silver. His investigation had led him
to believe there is in European countries
more than $200,000,000 of silver, to say
nothing of the boards in Mexico and
South America that would come to this
country the moment we are ready to pay
81. % per ounce for it. We could not main
tain ourselves against such an enormous
strain, and would soon be placed side by
side with Mexico and Asiatic countries,
with a currency fluctuating in value
and with an ever-increasing downward
tendency. Let no one delude himself
into the belief that the world would
not deluge us with silver. The secretary
said the Republican party has, in his opin-
ion. gone as far as prudence will permit in
the matter of silver legislation. He had
made, In quiet way, careful investiga-
ton of the feeling of foreign countries
upon the subject of an international
agreement between them and our country
by which gold and silver, upon some ac-
ceptable basis. can be maintained at
parity. 81 have but little hesitancy in
saying" he added. "but for the
feeling existing abroad, that pub
lie sentiment in this country is
such as to compel at least larger use of
silver, if not an international agreement.
The success of the Democratic party in
Ohio this fall means that unlimited free
coinage will be the platform of that party
in 1892, and the Democratic success in the
nation means that this country must go
on silver basis. Let us continue to pursue
the Republican policy of conservatism;
let us convince Europe that we are not
it, when Europe is convinced that we will
not adopt a policy of free and unlimited
coinage. or, in other words, that we will
not place ourselves upon silver basis, we
will be able to come to some agreement
for the better use of silver, if not at once
to come to an international agreement by
which parity of the two metals upon an
agreed rate may be maintained"
Secretary Foster 0waft on the Nc klDlay
law, citing statistics to refute the Demo-
cratic assertions. He asserted that the
first five years of the Mckinley law will
show an increase of more than 800, 900
paid in wages to our people, with a cor
responding home market for the produce
of cur farmers. He also warmly eulogized
the reciprocity policy.
Turning to the condition of the treasury,
the secretary spoke of stories of ''crltlcs"
on the other side during the past year,
about their assertions that various pay
ments could not be met, how the convert
ing of bonds was sign of bankruptcy,
etc. and said their assertions had been re-
futed by the conversion of bonds. We
have illustrated that this country enjoys
the highest credit of any nation on the
earth. We have prevented the withdrawal
of $23, 600 of national bank notes, in
fact added s., 600, 900 of these notes to the
currency. We have taken and will take
SIS, 900, 900 of money out of the treasury to
pay non-extended bonds, which, added to
about $270, ,000, 900 paid out for bonds by my
predecessor, Mr.. Window, makes the
enormous total of about $295, ,000, 900 paid
out by the treasury in cash since the adj
ministration of President Harrison began.
With this money there has been and will
be Cancelled over $259,0O0O0O of the
bonded debt, and notwithstanding
all this we still nave left a
sufficient sum TO disarm all fear of an
empty treasury. 1t has been falsely
charged that / instructed subordinates to
delay settlements and in every way TO
avoid payment of money out of the treas
ury, so anxious are the Democrats to con-
vince the country of the extravaganza of
the 'billion dollar congress" No such or
der was given, and my subordinates will
so testify. By attention TO the needs of
the country we have also been able to fur
nish the West and South with small bills
at cheap rates 10 the full extent of their
wants, and in quantity perhaps double
the amount ever before sent.
The secretary spoke of the unique sys-
tenn of bookkeeping" made use of by the
Democrats NNtn LDey Hdu Oh the
treasury, by which the treasury was shown
to possess a much less sum of money than
it had. This method was changed TO
system that is perfectly fair and intel
lisible yet the critics charge me with Jug
Cling figures If the Democrats could con-
vince the people that they are on the verge
of bankruptcy that new industries,
like tin plate, cannot be made
success in this country, and
that the treasury is bankrupt, they
would be in heaven of delight. The Re-
publican party breaches doctrine of hope
and not of calamity and despair. 1t does
not delight in the unpatriotic occupation
of deriding the capabilities of our people
or of falsifying facts in regard to the finan-
cial condition of the treasury. In eonclu-
sion. Secretary Foster eulogized the ad-
ministration of President Harrison, and
expressed confidence in the election of
Major Mckinley.
sock1ess Jerry Speaks to the Farmers.
sALISA Kan, Oct 22-Not less than 10 coo
farmers, members of the Alliance, were in the
city today 10 take part in the demonstration.
The procession was formed and moved TO the
fair grounds. Here immense dinner
was in waiting for the participants.
The chief attraction this afternoon
| was Congressman Jerry Simpson, who
made speech. While this demonstration was