The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-10-08
Secretary Foster Makes a Speech in
Maryland.
GENERAL STEVENSON ROuiDLY SCORED
Review Of the Federal Finances Democratic Plot to
Steal the Electoral Vote Of Penn.
NlVania.
Special TO THE MORNING CALI.

FREDERICK, Nd, Oct. Hon. Charles
Foster, Secretary of the Treasury, and party
arrived here tonight. They were given a
most enthusiastic reception and escorted to
the Town Hall by large procession.
In the course OF his speech Secretary
Foster took up the Democratic charge that
the Government treasury was bankrupt.
especially criticizing the Democratic Vice
Presidential candidate, Stevenson. tor gross
ignorance on the question. "If Stevenson
is not ignorant" said the Secretary. "he
would know that this administration has
redeemed and paid off $3.50. .O93. $50 of It's
debt. with a saving in interest by the time
the right to pay the bonds natures of
$50. $50. 4a3. What about the inability of the
Governmental pay $50, 600. 900 of Az per cent
bonds, the right to pay them maturing Sep
tember l, 1891, and which Stevenson says
we could not pay the holders of more than
S25, 100000 of those bonds, reque sted that
they be continued az per cent? And this
administration enjoys the enviable position
of having placed Government loan at a
lower rate of interest and In more advan-
tageouS position than any Government on
earth. Tie remaining S25. 600. 600 Of the debt
has been paid.
"The Democratic leaders have announced
that il the Filty-secODd Congress they
would reduce the appropriations a hundred
millions from those of tile bilIOn.dollar
Congress. They discovered this was q
billion-dollar country. And after all they
said 10 denuncatiOn of the billion-dolar
Congress, they were not only unable TO re-
duce the appropriations a hundred millions,
but they actually increased them forty
millions.
Notwithstanding these enormous appro-
priatOns, this Congress crippled the public
service In many OF its branches by lack OF
adequate provisions. For more than eigh-
teen months the Democratic cry of bank
rupt treasury has been kept going, but at
all times the treasury has promptly met
every obligation of the Government lis
revenues are increasing al the rate of three
millions per month over last year. OF
course, there is an increase of expenditures,
owing principally TO the payments for PEN
slons, but the first three months of this
year show net gain in cash OF S5,203, ,54l."
The Secretary spoke at length on the
tariff, reciprocity, etc, and referring 10 the
State bank plank in the Democratic plat
form gave from personal experience a
description OF the evil effect of the wildcat
banking system of old. Speaking OF the in
ternatlonai monetary conference, he said
Il am IN possession of adyices that lead me
to hope that such action will be taken by
the conference as will result in Satisfac-
tory solution of the veXed silver question.
Being a bimetaIist myself and earnestly de-
string that silver shall take its rightful place
beside gold do not believe that the free
coinage Of silver as desired by many of our
people would accomplish the result desired.
| admit the problem is a difficult one, but
have faith that the craftsmanship of the
Republican party is equal to the OCCASION"
Several other speakers were also heard.