The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-09-06

ehe pledges that were made in 1883. If the
policies of the administration have not
been distinctly and progressively Ameri-
can and Republican policies, the fault has
not been in the purpose butsin the eXecu-
tion. | shall speak frankly Of the legisia-
ton of congress and not of the work of
the executive departments; for the credit
of any successes that have
been attained is due together to
the senators and representatives
and the efficient heads of the several ex-
ecutive departments That may do with
1idence is asked by our adversaries, and
this challenge TO review of what has
been done we promptly and gladly accept.
The great work of the Fifty-frst congress
has been subject to revision by Demo-
cratlclhouse o irepr, sentatives and the acts
OF the executive department to its scrutiny
and investigation. A Democratic national
administration was succeeded by Repub-
lican administration and the freshness of
the event gives unusual facilities for fair
comparison and judgment. There has
seldom been a time, | think, when a
change from the declared polices of the
Republican to the declared policies Of the
Democratic party involved such serious
results to the business interests of the
country. a brief review of what has been
done and of what the Democratic party
proposes TO undo will justify this opinion.
FINANCIAL.
The Republican party during the civil
war devised a national currency, consist
ing of United States notes issued and re-
ideemable by the government, and national
bank notes based on the security of United
states bonds. A lax was levied upon the
issues of state banks, aud the intended re-
suit, that all such issues should be with
'drawn, was realized. There are men now
- ~ = l.
note. Oar notes are furnished directly or
Indirectly by currency OF the people
Bank failures have brought no fright de-
day or loss to bill-holders. The note of an
,lnsolvent bank is as good and as current
rs treasury note; for the credit of the
l nlted States Is behind it. Our money is
ali national money! might almost say
ilnternational-fur these bills are not only
equally and indiscriminately accepted at
pHr in all the states, but in some foreign
countries.
The Democratic party, if entrust ed with
control OF the government, Is now pledg ged
10 repeal the tax on state bank issues
with a view TO putting into circulation
again, under such diverse legislation as
the states may adopt "A flood of local bank
Issues. Only those who IN the wears be-
lore the wlr experienced the Inconvenience
ana losses attendant upon the issue OF
SaCh money can appreciate what a return
N
uon OF a bill Nas then often no indication
OF us value. The bank directory OF yes
tefday WAS not a sale guide today as TO
Cfeult or values; merchants deposited sew
eral times during the day, lest the banks
closing hour should show depression
OF The money tahdn in the morning; the
IaNeier could not use in a Journey TO the
east the issues OF the most solvent banks
OF The west and IN consequence the money
cnanger : ONCE was q familiar neighbor of
the ticket and lunch counter; farmers and
lAoorers found that the money received for
tLe4r piouuctS or their labor deprecated
Nheh Ihey came TO make purchases, aud
the whole business OF the country WAS
hinceyed and burdened. Changes NAV be.
come necessary, bus the natioual system
OF currency. sale and acceptable through
out The whole country, is TIE good fruit OF
Dltter experience, and l am sure thar onr
people VIII not consent to the reaction
AIRY proposal made by the Democrsti,
PARTY.
FOREIGN COMMERCE.
None of these subjects have elected
more discussion or excited more general
interest than the recovery by the T-nftei
States OF Its appropriate share of the ocean
carrying trade. This subject touches nos
only our pockets, but our national priJr
Practically all the freight Tor transport
ing TO Europe the enormous annual sur-
plies OF provisions furnished by this roun-
Try and for the large return of mann
1aclured products has for many wears
been paid to foreign ship-owneTs The
thousands OF immigrants annually seek
lag homes under our flag hsve been denied
tue sight Of IL until they entered Sandy
Hook, while thousands of American cltf
s~ss bent on European travel have year by