The Globe-republican., 1893-06-23
AS STRONG AS EVER.
Gov. McKinley's Ringing Speech
at the Ohio Convention.
The Democratic Administration Strongly
Arraigned-A Vigorous Declare
ton of Republican
PRINCIPLES.

Principles.
A memorable scene was enacted at
Columbus. o., at the state republican
convention. on which occasion Gov.
Mckinley was renominated to succeed
himself and the different state officers
were chosen. 1t is said to have been
one of the most interesting conventions
ever held in the state. and the attend
ance was very large. Gov. Mckinley
made one of the strongest addresses of
his career, in which he discussed ma
tional issues in very forcible manner.
After a review of state affairs and con-
ditions he turned to national affairs and
said:
The national administration has done moth
ing thus far except to create in the minds Of
business men deep Gistrust The financial
situation which for the most part has pre-.
vailed since the 4th Of March has not been
improved, nor has the financial strir-
gency been relieved by anything the
national administration has said done.
1t has announced no policy, suggested no
relief, and given no sign Of its disposition
or ability TO restore confidence, stop the out
Cow Of gold TO foreign countries and the con-
traction which has taken place at home. The
Cleveland, in hts first administration. set apart
as a sacred fund TO redeem the greenbacks, and
which sum he dedicated to that purpose and no
other, he has been the first, singularly enough
to encroa ch upon-the first to drop below the
hundred-rnillion line which he himself had es-
tabl.shed the only line Of safety. He an
nounced, in 1885, that this sum Of one hundred
millions was trust fund for the redemption Of
the greenbacks of the government Prior to
that time il had been carried on the debt state
ment as any other cash balance in the treasury,
available for the payment OF any obligation OF
the government Mr.. Cleveland fixed that sum.
below which the government should lot so.
and could not so in honor and good faith, thus
creating in the minds OF the people the feeling
that this was the danger line, and that to cross
ii meant financial dishonor and the violation OF
plighted faith So. when he was compelled TO
cross IL. as he has been several times since the
4th of March, is it TO be wondered at that seri-
Gus apprehension and insecurity everywhere
prevail: Mr.. Cleveland's course has justified
the alarm. He put up the danger signal ana the
country took note of 1t and was naturally mis-
trustful and disturbed
The democratic victory Of 1892 has not been
able to bring the better times promised. 1t has
not been able 10 maintain the good times which
were enjoyed everywhere in this country on
the day Of the victory. Business failures have
Increased, banks have suspended money is
harder to borrow, and borrowers are COM
PEELED to pay higher interest for their loans
than for many, many years Feverish uncer
tainty prevails in every financial and business
circle. Labor and capital are il doubt about
the future. This has been our condition for two
months. and no change for the better is at this
moment apparent
1T may be said that the new administration
il not responsible for the condition which is
upon Us 1t is also asserted and will be again,
that this condition ought not to be chargeable
to it because the admins tration has done
nothing to produce IT and can do nothing to
prevent it / concede you that il nothing can
be done by the administration or congress to
relieve the situation then the administration
should not be held accountable But is this
true; II to-day the president should officially
and authoritatively announce that there would
be change the industrial legislation
Of the country, and that the financial
situation would be met and solved upon that
standard of financial honor and national
good faith which has guided the republican
party since its installation 10 power in 1861,
confidence would at once come back. Would
il not: Does anybody doubt il: Security
would displace alarm. Faith in the futUre-So
Indispensable to easy money and good times
would be restored: gold would stay al home
and money would so from its hiding place into
the great avenues of business where il be-
longs. II il is true. as the administration bold
" proclaims. that our financial distress is &C.
casioned by the Silver-purchaSe law, which re-
Quires the government to buy four million five
hundred thousand ounces of silver every month
and issue treasury notes therefor then why
does not the administration convene congress
and repeaI that law: Mr.. Cleveland yainly
sought its repeal before his Inauguration. but
We have heard little from him in that direction
since. With the congress democratic in both
branches, elected by the same constituency
which elected Mr.. Cleveland, with undisputed
authority in him under the constitution 10 con-
hn call md hos no
steps to repeal the law which he believes is the
cause Of OR disturbed business condition Be-
lieving he knows the cause of the trouble, he
makes no effort 10 remove it: and in this is his
responsibility, and from it he cannot escape.
Three months have gone blythe country
waiting and suffering, and congress Is uncon-
vened: and its assembling in extraordi nary
session is now as doubtful as it three
months ago. What he is doing We do not
know. He has no time for sofice seekers-that
is certain. He has closed the doors OF his on
cial household in their faces: that is suscepti-
be of proof He will not see them II he is
giving attention 10 the business condition OF TIE
country-which we sincerely hope he iS-he is
70 be commended But he should not lose sight
of the fact that lie cannot unaided supply the
remedy for vexed condition Whether he
wants TO or not. congress must be taken into
his confidence. Incolvenient as that may seem
TO the president congress must be consulted
II he has been withholding the call for extra
session of congress in the belief that still great
er financial diStresseS and still added bank
ruptcies are necessary to bring his party asso-
ciates to the adoption OF his views. then demo
cratic ascendancy will prove a costly lesson TO
the people, and an expensive experiment 10 the
country.
But gentlemen since the administration
has done nothing and has given no indication Of
change OF policy, are we not Justified in as
Stunning that what the democratic party prom
sed TO do in their national platform OF 1892 they
mean to do upon the assembling OF congress:
What did they promise: Among other things
the repeal of the protective tariff law OF 1920
and the enactment OF . revenue tarin law
which will give no consideration to American
labor. no heed to American enterprise and no
concern 10 invested capital but be levied for
revenue and for nothing else Do we want
them to carry out that PROMISE As republic
ans am sure we do not And there are many
democrats who agree with US There are those
who may have voted for the presiden. possibly
upon other grounds than the tari1 who do not
want free trade. There are those who may
have believed with the president six months
ago on the tariff question who after further
reflection, and after viewing the unsettled coz
dition Of the country now, woud prfer that the
present economic policy be continued All such