Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1892-09-16
That Any Change Would Be Disastrous
to the Interests of the
Nation.

1c1es OF the administration have not been dis
tinctively and progressively American and
| Republican policies, the fault has not been in
the purpose but in the execution.
1shallspeak frankly Of the legislation of con-
gress and of the work of the executive depart
ments, for the. credit of any successes that
have been attained is in such measure due to
o~thers-senators and representatives and to
the efficient heads of the several executive de-
partments-that I may do 80 without i'm
propriety.
A Vote of Want Of Confidence
is asked by our adversaries and this challenge
to a review of what has been done we prompt
ly accept. The great work of the Fifty first
congress has been passed to the revision of q
Democratic house of representatives and the
acts Of the executive department to its execu-
ton and investigation. A Democratic national
administration was succeeded by q Republican
administration and the freshness of the events
gives unusual facilities for fair comparison
and judgment. There has seldom been a time.
l think, when q change from the declared pol
icies Of the Republican to the declared policies
of the Democratic party involved such serious
results to the best interests of the country. A
brief review OF what had been done and what
the Democrats propose to undo will justify
this opinion.
National Currency System.
The Republican party during the OWL war
devised a national currency consisting of
United States notes issued and redeemable by
the government and on national bank notes
based upon the security Ut United States
bonds. A tax was levied upon the issues of
state banks, and the intended result that all
such issues should be withdrawn was realized.
There are men among us now who never saw
q ftate bank note. The notes furnished d.
reotly or indirectly by the United States have
been the only safe and acceptable paper cur
rency of the people. Bank failures have been
fewer, delay or loss falling to the bondholders,
An insolvent bank note is as good az q current
note if the credit of the United States is be-
hind it. Our money is all national money
/ might almost say international, for these
bills are not only equally and Unfortunately
accepted at par in all the states, but in some
foreign countries. The DemeN attic party, il
entrusted with the control of the government,
is now pledged TO
Repeal the Tax on State Bank Issues,
with q view to putting into circulation again,
under such diverse legislation as the states
may adopt. a flood Of local issues. Only those
who in the years before the war experienced
the Inconvenience and losses attendant upon
the use of such money can appreciate what a
return to the system involves. The denomi-
nation of d bill WIS then often no Indication of
its value. The bank detector Of yesterday
was not a safe guide today as to credit or
values. Merchants deposited several times
>" CAS IT, ASOp viz Aoox u Uduh OSIn
should show q depreciation of the money
taken in the morning. The traveller could not
use in q journey to the East the issues of the
most solvent backs of the West; and in conse-
quence a money changers office was the fa-
miliar neighbor of the ticket office and the
lunch counter. The farmer and the laborar
found the money received for their products
or their labor deprecated when they came to
make their purchases, and the whole business
OF the country was handicapped and burdened.
Changes may become necessary, but a national
system of currency acceptable and general
throughout the country is the direct fruit of
bitter experiences, and l am sure our people
will not consent to the reactionary proposal
made by the Democratic party.
The Ocean Carrying Trade.
Few subjects have elected more disouss;on
or excited more general interest than that of
q recovery by the United States of is proper
share OF the ocean carrying trade. This sub.
ject touches not only our pockets but our ma
tional pride, and practically all the freiehts
for transpo, tation to Europe, the enormou.
annual supplies of provisions furnished by this
country and for the large return Of manufac.
tured products, have for many years been paid
TO foreign ship owners. Thousands of emf.
grants annually seeking homes under our fac
have been denied the sight of it until thew an.
tered Sandy Hook, while increasing thousands
OF American citizens bent on European travel
NS'S ~ yS"A oCCpPoA AAIO q kOCGlRn luf1a0in-
ton at the New York docks. The merchandisa
balance OF trade, which the treasury books
show, is largely reduced by the annual tributa
which we pay for freight and passengers, The
ships, the fastest on the seas, which ara noyv
IN peace prohting by our trade are, In q sec.
onoary measure. war ships of their respective
governments and in time Of war would. under
existing contracts with those governments.
speedily take on the guns for which their decka
are already prepared and enter with terrible
efficiency upon the work of
Destroying Our Commerce,
The undisputed fact Is that the great steam.
ship lnes of Europe were built up and ara
now In part sustained by direct or indirect
government aid-the latter taking the form of
liberal pay for carrying the mails, or of an an
nual bonus given in consideration of aeree-
menus 10 construct the ships 80 as to adapt
Them tor carrying an armament and to turn
them over to the government upon demand
upon specified terms. 1t will be plain to every
intelligent American that if the United States
would have such lines q similar policy must
be entered upon. The Fifty-first congress-
enacted such a law, and under its beneticent
influence sixteen American steamships of ON
aggregate tonnage of 81. 400 tons and %costina
S1,4O.OO have been built or contracted to he
built IN American ship yards. In addition IN
this 1t ia now practically certain that we shall
soon have under the American Tag one of tha
finest steamship lines sailing out of New Yorb
for any European port. This contract will "a
suit In the construction of four new passenger
steamers Of 1D,00U tons each costing about "a
OO.N0 and will add to our naval reserve All
steamships-the fastest upon the seas.
Policy of Reciprocity. q
Another measure furnishing an increased
ocean traffic for our ships and of great and
permanent benefit to the farmers and manu-
facturers as well Is the reciprocity policy da.
clared by section Of the tariff act Of 1890 and
now In practical operation with Ave of,ths ma
tions OF Central and South America, San DO.