Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-01-04

When we undertook to resume specie pay
the wise men all over the country IN
| formed us that it could nos be done-tha'
the treasury would be swept clean OF It's
gold in a single day. But we resumed,
and nobody wanted gold and we never
had the slightest trouble about gold IN
the treasury until within the last two
years. And now it seems to be impossioie
to keep it there. 1t has run as in debt
hundred millions of dollars already IN Or
der TO keep it there 1t will run us III
debit providing the bonds can be sold,
fifty millions more. Again; we passed
the Bland silver bill, so called, and the
wise financial men of the country SAID
that silver would go up at once. 1t went
down promptly. And then we passed the
Sherman act, bill which actully pro
vided for the purchase of Of all silver pro
dueed in the United States. and we not
only prophesied but all of US knew that
silver would go up towards
gold in the twinkliug of an
eye and it went down (laugater). 80 that
| do not know who is wise about financial
matters. But | think that the Rcpubli-
can party can plant themselves on
one plank: that never, under any
circumstances, any condition or any stress
will we consent to any legislation, what
ever, which shall in our opinion tend TO
make the currency in the republic the in
ferior of any other one. Applause
We know that the inferior currency viii
always drive out the superior, and that
the loss will fall not upon the rich, who
could bear it, but upon the man who
works daily for his bread. And we may
safely tie ourselves to another principle,
that we will not consent to any legisla-
ton which puts upon this country cur
rency which shall not at ali times be Kept
at parity with gold so long as gold is the
worlds measure Of value. (Applause)
Two years from now we are certain TO
be confronted with the tariff bill, be-
cause nobody wants this one. There is
a constant insidious attempt going on
all the while in this country TO weaken
the Republican party in its policy OF pro
lection. TN this connection the senator
referred to similar weakening in the
protection policy back in 1888, and re
called the bad effect produced upon wool
growers and wool manufacturers by tax
ing off the duty which did not take off Il
cent in the price of clothing.)
We may have candidate for the Presi-
dency from Maine. (Applause.) They
may have one in Ohio. Now the one in
Ohio has labelled that law with his name.
There are many who are afraid that that
name may be certificate of good charac-
ter to the gentleman who wants to be
candidate for the Presidency from Ohio,
and you will find interview after interview
with this, that and the other gentleman
aud hear them say: We are not in favor
of the Mckinley bill. We are going to
have an entire revision. That bill had
lots of mistakes in it, and we never shall
expect to restore the Mckinley bill if we
get into power" You announce yourself,
in an interview, for the Mckinley bill,
and that interview never appears. The
Chicago Tribune has been engaged in that
business now for three months, and the
only purpose III it is to undermine grad
TALLY if possible the confidence of the Re
publican party in the policy Of protection.
The fact that that law bears the name of
Mckinley has no more significance than
if Venus had borne my name. (Laugh-
teri Mckinley did not have half so
much to do with the making of it as our
own Maine representative, Dingley,a man
who was entirely familiar with the
details of the tariff, which Nc
Kinley was not. He did not have
half so much to do with it as
your representative to Congress, Reed,
who was Speaker Of II e House and was
the oHe who gave the power to pass the
bill into a law. So that Reed and Mcl<in-
ley are committed to the Mckinley bill
Just as much as ever Mckinley was. CAP
plause.) One word f rtner: that bill
was made in the Senate of the United
States The House sent over to the Sen
ate the well known Mills bill. The Re
publican Senate finance committee went
to work at once on substitute for it, and
the ways and means committee of the
House took that as foundation for the
Mckinley law. The speaker referred TO
the beneficial operation of the Mckinley
law, so called, and while not saying that
it could not be improved considered it, rs
an illustrtion Of the policy of tho Rcpubi-
can party, as perfect as any law ever
enacted Mr. Frye said the purpose of
this law and the Republican policy of pro
lection is to levy a duty equal to the
difference between tho wages paid Amcri
can and the paupcr labor Of Europe.
l. mere IS no SllCn ining us nlSn HOT us
low protection. 1t is either protection or
it is not, The verdict of the people last
November had Especial findings, " one Of
which was that the Republican policy of
protection was the true policy for the best
interests Of the country.
Mr. Frye returned his thanks for TIE
high honor accorded him by the conycn-
ton, and referred with pride to the mag
nificent financial conditions and material
prospects of the State as set forth in the
admirable address of q ovcrnor Clcaves.
The State of Maine, he said, is inferior to
no other state, and superior in some re
CARDS to any The very hardships and
privations of its sturdy pioneers fostercd
self reliance, patience courage, endurance,
economy and thrift. am not at all Ger
tain, he said, that these long winter even
ings We're not conducive to reading study
ing and thinking. A brief resume of the
position of this State in Congress may
lead you to like conclusions. For 10 of
the last 26 years, with which | have been
personally acquainted, the Republicans
have had contrcl Of the national Housa Of
OBSERVATION-DISCLOSURES has furnished the
Speaker eight ONT Of the 10, and would