The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-04-05
SECRETARY TRACY SPEAKS.
Tribute to Senator Aldrich and to the Admin
istra;iOn's Management of Finances.

PROVIDENCE. r. l.. April 4.-The climax
OF the Republican campaign came tonight
in the dinner given to Secretary of the
Navy benjamin +. Tracy, by the Young
Mems Republican Club. of Providence. In
fantry Hall was filled with the largest
company of diners in the clubs history.
covers being laid for 1.140. Shortly after 8
o'clock the doors we're thrown open and the
galleries were quickly filled with q crowd.
il which we're sprinkled Democrats, col
ored men and q few women. The audi
ence, as q whole. was not only sympathetic,
but enthusiastic, and wildly so at times.
Every reference to Senator Aldrich was
loudly cheered. and Secretary 1racy's trib-
ute to his ability was the occasion of a big
demonstration.
President Kendall introduced Secretary
Tracy. the speaker of the evening. AS the
Secretary advanced to the front of the
platform. the whole company rose. and
cheer upon cheer rang out. He first paid q
tribute to Senator Aldrich, and then re-
ferrcd to the various questions that had
come before the present administrator
for settlement. including the Samoan,
the CHILEAN, the Italian and Behring sea
problems; and his conclusions were in
these words: ut is freely admitted by oil,
excepting in time of civil war. no admins
tration since the days of Jefferson and
Madison has encountered so many diff
cult questions of foreign relations. and IN
10 case have the problems been so tri-
umphantly solved as by Harrison and
Blaine"
Referring to the finances. the speaker
SAID: "At the time of Mr.. Fosters Access
sion to office it was charged by the opposi-
ton press that the treasury was bankrupt.
In SpIte of this bankrupt condition the
treasury has paid all government expenses,
and reduced one million of f~Our-and-a half
percent. bonds. and has paid out 3d.
10000 in returning the direct tax to
the states. The treasury is i'm good condi-
tion to-day to meet all demands that may
be made upon IL. The increase of the cur
rency and money In active circulation dur
ing the three years OF this administration
exceeds by over SS1 .000. 600 the entire in
crease during the tour years of Mr.. Cleve-
lands tenure OF office. The increase thus
far under President Harrison amounts to
S2C5. 900. 900 OF Sl.75 per capita"
Mr.. Tracy last referred to his own branch
of the Cabinet work. He said: 1T is safe
to say that March next will lind twenty
fOur ships placed In commission during the
present administration, and all the remain
der Will be completed shortly thereafter.
lJ is not too much TO say that. kim ali
together. from the first beginning to those
authorized by the FIfty-iirst Congress. they
are ct least the equal. ship for ship, both
in design and construction, of the modern
navies of the world. When the ships now
authorized shall have been completed.
taking the money airendy expended with
a careful estimate of the mounts still neoes.
sary TO complete the last ships. W. shall nave
three battle ships of the iirst-class and one
OF the secOnd-class. five reconstructed mon
ltors. two ships for coast and harbor de-
Tense. nineteen cruisers. seven gun-bOats
and two torped O. boats. making o total of
thirty. and we shall nave obtained this
navy. absolutely ont of nothing, at
years of less than six million dollars per
year. Estimating orr population 10 havo
averaged sixty million during these years.
the annual cost of tho now navy during this
period has amounted 10 ~ cents per capita.