Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1895-01-25
Standardized Thurston Favors
kthe Plan
MAKE A LABOR COMMISSION
Not Que Claim of the United States
Against the RailrOad dis Should
he Surrendered.


new senator to the platform. Senator
Thurston said:
Gentlemen of the joint convention:
Words are impossible in which to ade-
quately 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 re-
tain and merit the full measure of that
confidence, friendship and esteem, with
which l am so signally favored If re-
publicans 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
it's ultimate object should not be party
success, but the welfare of our country
l am in favor of speedy enactment of
a protective tariff law modelled on the
general lines of the Mckinley act and
embodying the reciprocity ideas OF
James G.. Blaine. 1t is my profound
conviction that the prosperity of this
country and its people, especially its
industrial masses, depends upon the
broadcast application of the American
idea, that whatever labor is to be done
for the people of the United States shall
be 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
to pay off in a single generation tn,
great war debt Our gigantic payments
have 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. l 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 Unite6
states and second, by insisting upon
the right of redemption. in either colo
on silver. of outstanding notes, whenever
1t becomes apparent that redemption
is being demanded for speculative pur-
poses. 1t is said that such policy would
drive the gold to premium. In my
judgment we can better afford to have
gold at premium than prosperity at
a 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 issue a single
dollar until its redemption is fully Sc
cured by deposit of government bonds
in the national treasury.
There should be no resurrection OF
wildcat money by the general gov
eminent 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
ments, however, in the following partic-
ulars; The substitution of low inter
est bonds as security for the national
bank issue-this substitution would of
itself refund to that extent the govern
ment bonded Indebtedness authority
to issue bank notes to the full amount
of bonds deposited; collection of a tax
ON the entire authorized issue, and the
imposition of heavy penalty or for
feiture of charter for failure to keen
1t all In circulation. l do not agree with
those who would retire our greenbacks
and treasury notes | am in favor of
Keeping every one in circulation and
there can be no danger in doing so If
we Will adopt the policy already stated
or meeting all such demands for re-
demption by the tender of either gold
or silver at the option of the govern
ment in accordance with the specific
terms of contract
FAVORS BIMETALLISM.
Il am in favor of American bi-met-
allism and in this the United States
should lead the world. l do not admit
the claim so persistently made by the
advocates of free and unlimited coinage
OF silver that our present evils are the
result of sQ-called silver demonetiZa-
ton; nor do believe the reconciliation
or silver would produce any startling
changes In the existing conditions. am
satisfied, however, that decentralization
OF one-half of the worlds supply of ulti-
mate money of redemption was not fol
the best interests of the people of the
world ana L think we should do every
thing In our power to hasten the return |
OF Dl-metaliism among the nations of
the earth. To those who fear the ef-
rect or American silver coinage | have
thls TO say: We are not realizing finan-
ciai prosperity under existing gold |
and Ii is worth orr |
while TO try the experiment of a return |
to bi-metallism. The legislation to ac- |
complish this should, however, be care I
tuily considered and wisely guarded and |
the mints of the United States should |
not be opened to the silver product of |
any country until these great nations |,
are ready to join us in international |
bi-metallism. AS a minor measure ! |
favor the retirement of all bills of less |
than $40. thereby bringing
SILVER coin into general circulation and |
use
i know of no reason why the United
otates should surrender its claim |
against the Pacific roads if ii can en-
orce ultimate collection by a series of
ihnuaf payments. TO be guaranteed by |
reasonable security. 1t Is urged, and
luite piausibly, that such an extension |
II the debt would compel the people of
ne west To pay increased tariffs in or
Ter To enable the Pacific companies to |
meet the requirements. In my opinion
Ihu peheNe my great familiarity with |
ne subject, enables me to Judge cor
ectly' such would not be the case.
am not IN favor OF national board |
= arpitration modelled upon any plan
inliiar 10 the Interstate commerce COM
'issioh' such board would be entire
700 cumbersome. too far removed .
rom the immediate locality of the dis
urbances and would lack the essen
al element necessary to success-tba !
over of enforcing Its awards 7 be,iaya
o"eNer' that law can be framed to !
ecure local arbitration of any serious d
- hot /