Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1895-01-26
Senator Elect Thurston Favors
the Plan.
MAKE A LABOR COMMISSION
Not Oae Claim of the United state.
Against the Rsilrosds should
be Surrendered.

To succeed Charles +. Manderson.
A committee of Ave conducted the
new senator TO the platform Senator
Thurston said
Gentlemen of the joint convention
Words are impossible In which 20 ade.
| quately express my heartfelt gratitude
Tor the great honor you have so gener.
ousiy bestowed upon me. IL Will be my
ambition. as your representative. TO re.
tain and merit the full measure OF that
confidence. friendship and esteem, with
which ! am so signally favored II re-
pubiicans can secure the necessary
votes, they should organize both
branches of congress and fearlessly as
sumo the responsibilities Of legislation.
The republican party has always had
the courage TO fight In open field and
its ultimate object should not be party
success but the welfare of our country.
am In favor of speedy enactment Of
protective tariff law modelled on the
general lines of the Mckinley act and
embodying the reciprocity ideas of
James q. Blaine. IL is my profound
conviction that the prosperity Of this
country and its people. especially It's
industrial masses, depends upon the
bfoadest application Of the American
idea, that whatever labor Is to be done
Tor the people Of the United States shall
bt done by the people of the United
states, under the stars and stripes. and
that the prices of products of Ameri-
can labor shall be fixed by American
conditions and American competition
MY general Views upon our financial
situation are as follows.
our people have been too anxious
I" pay of in a single generation the
great war debt Our gigantic payments
nave taken too much of the gold from
the country For the present at least
We should be satisfied with legislation
under which we can refund our out
standing bonds at the lowest possibl.
rate of interest, leaving further pay
ments Of the principal to a more pros
porous and favorable time. | would
stop the outflow of gold from the treas
ury, first 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 whenever
II becomes apparent that redemption
Is being demanded for speculative pur-
poses. IL is said that such policy would
drive the gold to a premium. In my
Judgment We can better afford 10 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-
sress. No bank In the United States
should be permitted 10 issue n single
dollar until Its redemption is fully Sc
cured by a deposit OF government bonds
In the national treasury
There should be no resurrection of
wildcat money by the general gov
arnment or by any state In the union.
Our national banking system should be |
preserved. II Is the best that human /
ingenuity could devise. favor amend |
nents. however. In the following partic- |
ilars: The substitution of low inter- |
est bonds as security for the national |
)ank issue-this substitution would of /
tself refund To that extent the govern f
nent bonded indebtedness; authority /
% issue bank notes TO the full amount
II bonds deposited: collection of tax
IN the entire authorized Issue and the
IMPOSITION OF heavy penalty or for
eiture OF charter for failure 10 keep I
all In circulation. do not agree with /
hose who would retire our greenbacks
Ind treasury notes. / am In favor of
teeptng every one in circulation and I
here can be no danger in doing SO IL |
We Will adopt the policy already stated
u meeting all such demands for re-
iemption by the tender OF either gold
IT silver at the option OF the govern
nent in accordance with the specific
erms of contract.
FAy0RS BIMETALLISM.
Il am In favor of American bI-met-
lllism and in this the United States
houid lead the world. I do not admit
he claim so persistently made by the
Idvocates of free and unlimited coinage
4 silver that our present evils are the
esult of so-called silver demonetiza-
ion; nor do believe the reconciliation
Il silver would produce any startling
hanges in the existing conditions. | am
atistied, however. that decentralization
4 one-half of the worlds supply of ultI-
nate money OF redemption was not for
he best interests of the people OF the
World and think We should do every
hing In our power TO hasten the return |
4 bi-metaliism among the nations of
he earth. To those who fear the ef-
ect of American silver coinage / have
his to say: We are not realizing finan-
ial prosperity under existing gold
and 1t Is worth our
While to try the experiment of a return |
o bi-metallism. The legislation to ac-
omplish this should. however. be care
ully considered and wisely guarded and
he mints of the United States should
lot be opened to the silver product of
NY country until these great nations
re ready TO join us In international
As a minor measure. /
avor the retirement of all bills of a less
than $40. thereby bringing
liver coin into general circulation and
lse.
II know of no reason why the. United |
states should surrender its claim
gainst the Pacific roads II IL can en-
orce ultimate collection by a series of
nnual payments, to be guaranteed by
security. IL is urged and
Iuite plausibly. that such an extension
4 the debt would compel the people of
he west to pay increased tariffs In or
Ter to enable the Pacific companies to
meet the requirements. In my opinion,
nd believe my great familiarity with
he subject. enables me TO Judge cor
ectly, such would not be the case