New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1893-09-20
Governor M'Kinley's sp eech,

Governor M'Kinley's sp sech.
A remarkable speech by Governor Nc
Kinley, nominated by the Republicans
of Ohio for reelection, opens a campaign
which ought to be memorable for its re-
suits. Never leaderin economic legislation
had finer opportunity for effective appeal,
for never did any country gain more in
prosperity within two years than this
country in the two years which followed
the enforcement of the Mckinley act,
and never was there more sudden and
sore reverse Than has followed the vote
to abandon the policy of that act. If
experience ever casts any light on the
path of those who seek to govern them
selves for their own welfare, assuredly it
teaches that the tariff of 1890 brought
blessings unnumbered in its train, and
that the vote to repeal it has brought a
blight to all the industries and the bust
ness Of America.
Few men can use great opportunity
so effectively as Governor Mckinley in
hissspeech at Akron. His review of the
unrivalled prosperity attained in 1892,
continuing to the very day of the Presi-
dental election, and of the astounding
prostration which followed before the
first half-year of Democratic administra-
ition had closed, should carry to every
mind not darkened by prejudice the con-
'viction that the people owe their grievous
change to their votes of November for q
change. Governor Mckinley shows,
with Irresistible logic, that NO alteration
in the monetary supply occurred to &C.
count for the astounding reverse, that
the circulation before the disaster came
was greater than it ever had been, and
not currency but confidence was lacking
and that in two directions grave uncer-
tainties resulted from the same vote, for
the party which threatened free coinage
of silver was also the party which threat
ened Free Trade, and then secured entire
control of the Government.
On the silver question Governor Nc.
Kinlvy declares that the Republican par
ty is ready now, as it ever has been, to
stand for sound currency-as good as
the best that any other country enjoys.
If the Silver bill be repealed, it will be
the joint work of Republicans and Demo-
Gratis, while if it be retained, the respon-
sibility will rest with the party now in
power. He puts the State bank scheme
out of court with the single suggestion
that while 100 National banks have failed
this summer, not one of their notes has
been discredited nor has one of their
noteholders lost penny. With effect
the admission of President Cleveland is
quoted that disasters sprang rather from
evils apprehended than from any evils
endured.
1t is then shown that the Presid ent,
his party in the Nation and in Ohio, are
fully pledged to a change which, in the
language of Mr.. Neal, the Democratic
candidate for Governor, 'will expunge
the foul slot of Protection" and will
square with the Fundamental principle
of the Democratic party that the Federal
Government has no constitutional power"
to impose protective duties. The words
of Mr.. Wilson, now chairman of the
Committee on Ways and Means, are also
quoted as evidence, and the.phenomenal-
ly laundering prophecy of Senator Brice
last January, that "bankers will lend and
investors will buy with a greater feeling
Of security after March 4 than at any
time within the past history of the State,' >
because all fear Of Reorganization of in
dustries had in January already been felt
to the fullest extent The sufficient ans
wer comes in quotation from "Brad-
Streets" stating that 100000 persons
had been thrown out of work between
June and August IL in establishments
reported, and no less than SOC, 900 to 900,
1000 in the whole country. Mr.. McKin-
LEY appeals to the people against this
policy, and eloquently afirms that eide
mess is much greater tax than any tariff
tax which can be imposed. There is no
burden so great as unemployed men; NO
ttax.so grievous as proverty." To the
Democrats who are petitioning by the