The daily morning journal and courier., 1895-04-10
COY. M'KINLEY WELCOMED
HE DELIYERED fl STIRRING AD-
 DRESS AT THE BANQUET.

and Not Bond Issuing One and When
 He Went Out of Office He Turned Over to
 the Succeeding Administration More
 Than One Hundred Million in Surplus.
 Hartford, Conn.,, April 9.-About BOO
 people sat down to the banquet of the
 Mckinley club tonight at Foot Guard
 armory. It was an enthusiastic gath
 ering and Governor Mckinley of Ohio,
 the guest of honor, made the principal
 speech and inspired frequent outbursts
 of applause. He was bade welcome by
 Governor Coffin on behalf of the state
 and by Mayor Brainard on behalf of the
 city. Tn introducing Governor McKin-
 ley President John Addison Porter of
 the club, spoke of him as probably the
 next president of the United States and
 the prophecy was greeted with prolong-
 ed cheers and applause
 Governor Mckinley began his speech
 with a eulogy of New England and the men who founded free governments here
 where the popular will is the remedy
 for wrongs that appear. The question
 of party ascendency is always practi-
 cal and just now is of very serious in-
 port to all our business and commercial
 interests. Indeed, it concerns us all,
 and free, full and fair discussion of the
 issues it involves musts inevitably lead
 us to a jut and wise conclusion. The
 republican party now, as always, in-
 vites the fullest discussion of it's prin-
 ciples and policies.
 I've do not invoke the past as our
 only warrant for the confidence of A.he
 people, although we turn to it With
 pride and satisfaction. There is rot chapter in it's history that we would odliterate if we could, nor is there a line which any lover of freedom or man
 kind would strike from its glorious pages. The party has met every emer- gency; it responded bravely and well to every call of the country; it performed with fidelity every duty, however grand, with which 1t was charged, and suc- cessfully resisted every enemy Of the government and the people whether that enemy was seeking the nations over throw in open war or plotting the Vio- lation of its plighted faith or the de- struction of its industries in peace. Whether against slavery or repudia- tion, fiat money or free trade, the re- publican party has stood firm and inn movable for right and country, for free dom and home, for the public credit, for sound and ample currency, and for the maintenance of our industrial l and the dignity and ele- | vation of American labor. Can this be asserted by or of any other political i party?
 ''The present national administration l is an unfortunate one from every stand point. It has been in power now two l years. They have been long, hard | years. The administration has neither | had wise foreign policy nor credita- bic domestic policy; fth as achieved no l in trade nor commerce. We have more than once been humiliated | in our own eyes and before the aston | lshed gaze of the civilized world. The | policy of the administration at home has been one of distrust and disappoint- ment. It has diminished the revenues of the government and decreased the of the people. Under the pretext of reducing the tariff that it might reduce the cost of living it has reduced the living itself and left thou sands in a situation of destitution, the Ike of which they had never before ex- perienced.
 "The chief distinction of the Brice- Wilson bill is it's reduction of 1uties upon articles of luxury consum- ed by the rich, and which furnished .wo-thirds of the whole tariff revenue fTRo evfx n,,t n1yaI ! both government and people poor. The present administration has transferred he burden of taxation from imported goods of foreign countries to the in 'omes, the investments, and the proper y of our own people. It has gone from 1 ! system of indirect taxation to one of lirect taxation, as ehown by the treas Try figures, a system which was con- lemned by all the early administrations if the government and notably by the 1 ;reat democratic administrations in the of our history. In less than 1 wo years under the fiscal policy of the present. administration the government I las been compelled to borrow S163 000,- 00; or $S1,5000,000 for every year. $6,- {, 00000 for every month, and $225, 900 for very day since the inauguration of MT. Cleveland. The lack of confidence in he financial policy of the government is owhere made more manifest than in / he drains which have been made upon he treasury for the redemption of the 
 "President Harrison paid off $296,- DO, ,000 of the public debt and turned yer to MT, Cleveland's administration l24, 900, ,000 surplus, There was not loment from the inauguration of MT. I rarrison to the second inauguration of i, [r. Cleveland in which we did not y ollect for every day of every year h lcffiient revenues to pay every de- fl land and obligation of the govern It lent. n "President Harrisons administration n as a bond-paying, not bond-issuing Q administration. The latest bond issue q, President Cleveland of $63, ,000, 900 was <, ade in secret with the great financiers , Europe, through their agents in the l ,o nited States. It was made out of the tI ght of the public; made upon terms l e hich were harsh and humliating to Ie great government of the United .ates It was hard bargain for the ,vernment, but it is not the only hard lrgain we have had to bear. There ID