New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-08
A SPEECH by SECRETARY FOSTER.

DEMOCRATIC FINANCIAL And TARIFF IDEAS
RIpDLED AT FREDERICK, ND.
Frederick. Md, oct. 7.-secretary Charles Foster
smoke hero To- nieht before large and enthusiastic
audIepce on the issues Of the campaign lie was re-
ceIyed with warm applause, and the many tehng po'hS
OF his speech were greeted with keen appreciation.
Secretary Foster began his speech by contrasting
the records Of the two parties during ana sinco u''
var lie ponied to the splendid record Oh the ne
publican party on all the moment0us quesuon VI
The war and OF recons' ructon days. lie "ouiu
NOT nretond 10 saw there was excuse for the eA-
istence OF the Democratic party, adding; ine
country needs n good srong party 10 crucfe, p"
find fault to scold. IL you please as la"'hiues '''
are n remarkable success" lie took up inc De'n'
cratic charge that the Treasury Is bankrupt c' e
esnecially the VicePrcsdental candidate, Mr. o'Ne,
SON. for gross ignorance OF this question ~ saw
the Secretary Mr.. stevenson were not Ignorant upon
,ho .rh,oct no would know that this Administration
had redeemed and paid off $3.50 ,00365o OF Its DEBT
a. cost Of more than S206 900 00O and with saving
in interest by the time the right TO pay na'urcS Vi
s55352 493 81. The holders OF more tuah S-'''
100000 OF IL per cent bonds requeS'en nat '''
be continued at per cent. and this ADMINISTRATOR
paccd n Government loan at lower rate OF 'h'eieS
and IN = moro advantageous position than any other
Government on earth' 49,
lie then sarcasucally spoke OF the sra'ihcauoh
given him by the announcement Of the Democratic
ieder In the List Congress that they would reduce
appropriations $iO0 100000, and OF MS plans ioT uSs
his slrplus cash. 4" But alas said ne, THESE
democrats discovered that ours was Dniioh -ooi"'
country, They actually increased appropriations
$40 600 ooO Our Democratic friends have put thenl-
selves in the unpatotlc attitude OF desiring bank
,rnt Treasury The Administration does not ex-
meet 10 add to their pleasure In this respect Inc
revenues are increasing at The rate OF S3oooooo
month last year.
Taking up the tariff question, Secretary Foster sia
that Washington Jefferson and Jackson settled the con-
stuonalty Of Protection long ago lie defended the
Mckinley law and said that while no law OF this Mhd
can be absolutely perfect, upon the whole he be-
lcved this law nearer the ideal OF the poncy
OF Protection than any previous enactment Cnder
,ts oneration the revenue has been decreased sol
3G7 $50 There has been on Increase In the total
while OF orr foreign commerce OF 800 450 DO as com
pared with 1900 and increase Of 94oo351o ODD over
the annual income OF the years prior to 1o9l Inc
reciprocity OF the new tariff act has opened he"
foreign markets and exports to the counties With
which reciprocity relations have been established nave
| Increased by the sum OF 80 ,256,Ssl
The state bank plank In the Democratic platform
was then taken up and from personal experiences the
Secretary gave description OF the evil effects OF this
| system in former years. Speaking II the lhtcrna
ona Monetary Conference, he said: / am In posses
| sion Of advccs that lead hope that such ac
ton will be taken by this conference AS VIII result IN
satisfactory solution Of the veXed silver question
Being bmetaist myself and earnestly desiring that
silver shall take its nghtfu place beside gold do not
believe that free coinage OF silver, desired by many
of our people, would accomplish the result desired
admit that the problem IS difficult but have faith tina
the craftsmanship OF the Republican party Is equal t.
| the OccasiOnr