The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-01-17
THURSTON'S IDEAS.
Nebraska's New Senator Tells What He
Will Do,

viii Do.
LINCOLN, Jan. 16.-The two houses of
the legislature met in joint session at
noon to-day and declared John NJ. Thurs
ton elected United States senator to sue
coed Charles +. Henderson.
committee of five conducted the new
senator to the platform. Thurston said:
words are impossible to adequately
express my gratitude for the great honor
you have SO generously bestowed upon
me. 1t will be my ambition. as your rep
resentative, to retain and merit the full
measure of that confidence, friendship
and esteem with which | am so signally
favored. If the republicans can secure
the necessary votes they should organize
both branches of congress and fearlessly
assume the responsibilities of legislation.
The republican party has always had the
courage to fight in open field, and its ulti-
mate object should not be to party sue
cess, but the welfare of our country.
~ am in favor of the speedy enactment
of a protective tariff law modelled upon
the general lines of the Mckinley act, and
embodying the reciprocity ideas of ia mes
e. Blaine. 1t is my profound conviction
that the prosperity of this country and its
people, especially of the industrial
masses, depends upon the broadcast appli-
cation of the American idea that what
ever 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
the products of American labor shall be
fixed by American conditions and Ameri-
can competitions. My general views upon
our financial situation are as follows:
Our people have been too anxious to
pay off in n single generation the great
war debt. Our gigantic payments have
taken too much of our gold. For the
present at least, we should be satisfied
with legislation under which we can re-
fund the outstanding bills at low rate
of interest deferring the further payment
of the principal to more prosperous and
favorable times. | would put stop to the
outflow of gold from the treasury. by re-
curing that all import duties should be
paid in gold at tue option of the tire asurer
of the United States, and second by in
sisting upon the right of redemption, in
either gold or silver, of the outstanding
notes, whenever it becomes apparent that
the redemption is being demanded for
speculative purposes.
at is said that such q policy would
drive gold to a premium. In my judg-
ment we can better afford to have gold at
n premium than prosperity at discount.
i do not believe in any of the thanking
schemes which have been proposed by
the dominant party In congress. No bank
in the United States should be permitted
to issue n single dollar until its redemp-
ton is fully assured by the deposit of the
government bonds in the treasury. There
shou d be no resurrection of wild cat money
by the general government or by any state
in the union. Our national banking sys-
tenn should be preserved. 1t is the best
that human laws could devise. / favor
amendments, however, in the following
particulars:
The substitution of low interest bonds
for the national bank issue; the substi-
tuition would of itself run to that extent
the government bonded Indebtedness
would be authority to issue bank notes to
the full amount of the bond deposit; the
collection of tax on the whole author
lied issue, and the imposition of a heavy
penalty or the forfeiture of the charter
for failure to keep it all in circulation"