The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-01-17
ThurstOn of Nebraska to Serve
a Second Term.
His Position in Public Matters Out.
lined.
Finance, Tariff, Etc, to tho
Lsgislsturs.

senator to the platform. Mr.. Thureton
said:
Gentlemen of the joint convention:-
Worda are impossible in which to ad-
equately express my heartfelt gratitude
for the great honor you have so gener-
ously bestowed upon me. 1t will be my
ambition, as your representative. to res
tain and merit the full measure Of that
confidence. friendship and esteem with
which am 80 signally favored. If the
Republicans can secure tbs necessary
votes they should organize both
branches of congress- and fearleasly as
eume the responsibilities of legislation.
The Republican party has always
had the courage to fight in the open
field, end its ultimate object should
not be party success but the welfare
Of our country. ara in favor
of the speedy enactment of a protective
lines of the Mckinley act and embody-
ing the reciprocity idea of James q.
Blaine. 1t is my profound conviction
that the prosperity of this country and
it's people, especially of its industrial
LAhn1Oa3 AOpSbQb uPOn blC mp
plication of the American idea, that
whatever labor ia to be done for the peo-
pie of the United States shall be done
by the people of the United States. I'M
der the stars and stripes, and that the
prices of the products of America labor
shall be fixed by American conditions
and American competition.
FINANCIAL VIEWS.
Ny general views upon our financial
situation ere: Our people have been
too snxious to pay off in q single gener-
alton the great war debt. Our gigantic
payments have taken too much of the
gold out of the country. For the pres
emit at least we should be Satisfied with
legislation under which we can refund
our outstanding bonds at the lowest
possible rate of interest, leaving further
payments OF principal to more pros
porous and favorable time. l would
put stop to the outflow of gold from
the treasury. fret by requiring that all
import duties should be paid in gold at
the option OF the treasurer OF the United
States; and, second by insisting upon
the right OF redemption, in either gold
or silver, of outstanding notes, when
ever it becomes apparent that redemp.
ton ia being demanded for specu lative
purposes. 1t ia said that such a policy
would drive gold to q premium. In my
Judgment we can better afford to have
gold at premium than prosperity at q
discount. do not believe in any of
the banking schemes which have been
proposed by the dominant party in con-
gress. No bank in the United States
should be permitted to iaaue a single
dollar.
The substitution OF O low interest
bond as security for the national bank
issue-this substitution would Of itself
refund to that extent the government
indie btedness- to issue bank
notes to the full amount of the bond de-
post; the collection of a tax on the en-
tire authorized issue and the imposition
OF heavy penalty for forfeiture of
charter for failure TO keep it all in cir
culstion.
"GBEENBACKs AND TREASURY NOTES.
I do not agree with those who would
retire our greenbscks and treasury
notes. l am in favor of keeping every
one in circulation. And there can be
no danger in doing 80 If we will adopt
the policy already stated of meeting
all such demands for redemption by
tender of either gold or silver at the OPP
ton OF the government in accordance
with the specific terms of the contract.
l am in favor of American bimetal-
lism, and in this the United States
should lead the world. | do not admit
the claim, 80 persistently made by sdvo-
Gates of free and unlimited coinage of
silver, that our present evils are the re-
suit OF so-called silver decentralization,
nor do believe that the reconciliation
OF silver would produce any startling
changes in existing conditions. am
satisfied, however, that the domonetiza-
ton of half OF the worlds supply of tbs
ultimate money of redemption was not
for the best interests of the people of the
world, and think we should do every
thing in our power to hasten the return
of bimetalliam among the nations of the
earth.
To those who fear the effect of the
American silver coinage l have this to
say: We are not realizing financial
prosperity under existing gold mono-
metallism. and it is worth our while to
try the experiment Of q return to bi.
metallism.
THE PACIFIC RAILROADS.
l know OF no reason why the United
States should surrender it's claim against
the Pacific roads If it can enforce ulti-
mate collection by series OF annual
payments, guaranteed by reasonable
security. 1t ia urged, and quite plaus-
IDLY, that such an extension of the debt
would compel the people of the west to
pay increased tariffs in order to enable
the Pacific companies to meet the gov
eminent requirements. In my opinion,
and believe my great familiarity with
the aubject enables me to Judge COR
rectly. such would not be the case. The
original cost, present value or capital
ization of the Pacific roads have but
little if anything to do with the matter
OF freight or passenger charges.
| am not in favor OF national board
OF arbitration modelled upon any plan
similar to the interstate commerce
commission. Such board would be
entirely too cumbersome, too far re-
moved from the immediate locality OF
the distur Dances and would lack the one
essential element necessary to succeed,
the power of enforcing its awards. l
believe. however. @ law can DO framed
to aecure local arbitration of any serious
differences between any interstate car
rier and It's employ ees; out such
arbitration to be effective, must
be binding upon both sides
and pending arbitration it should be
made unlawful for either management or
a W, rlouooo IN a hapJnu trai in aar.