The Indianapolis journal., 1895-01-17
NEW SENATOR TALKS
JOHN NJ. THURsTON's VIEWS on
VARIOUS NATIONAL QUESTIONS.
Election of Senator's Ratifed hy .Inint
Conventions of LcEislatures-Lovett
still Ahead in Idaho.

LINCOLN, Neb., Jan. 1.-two houses of
the Legislature met in joint convention at
noon to-day and declared John NJ. Thurston
elected to the United States Senate, to
succeed Charles f. Henderson.
In a speech of thanks Mr. Thurston said:
'If the Republicans can secure the neces-
sary votes they should organize both
branches of Congress and fearlessly as
sumo the responsibility Of legislation
I am in favor of the speedy enactment of
protective tariff law nodded upon the
general lines of the Mckinley act, and en-
bodying the reciprocity ideas of James G.
Blaine.
my general views on our financial situa-
ton are as follows: Our people have been
too anxious to pay off in single genera
tion the great war debt. Our gigantic pay
ments have taken too much of the gold
out OF the country. For the present at
least we should be satisfied with legislation
under which we can refund our outstanding
bonds at the lowest possible rate of inter-
est, leaving further payments of principal
70 more prosperous and favorable time.
l would put stop to the outflow of gold
from the treasury, 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 on the
gnt rer Of ef IN either gold or sill
comes apparent that redemption is being
demanded for speculative purposes. 1t is
to premium In my judgment we can can
better afford to have gold at a premium
ieve in any Of the banking schemes me No. Which H
nave been proposed by the dominant party
IN Congress-. No bank in the United States
until its redemption is fully secured by the
deposit OF government bonds In the ma
recton Of Wildcat moneS by Da the no
government or by any State in the Union
orn.aad Our national !, banking system should be
genuity has yet devised.
II favor amendments however, in the
following particulars: The substitution of a
low interest bond as security for the ma
tional bank issue-this substitution would
OF rtseiI, reIund TO that extent the govern
Issue bank notes TO the full amount of the
bond deposits; collection of a tax on the
of a heavy penalty or forfeiture leiau. Of char
ter FOR failure to keep it all in circulation
! do not agree with those who would retire
our greenbacks and treasury notes. I am
in favor of keeping every one in circula-
ton. And there can be no danger in do
ing SO If we Will adopt the policy already
stated of meeting all speculative demands
for redemption by tender of either gold or
silver, at the option of the government.
in accordance with the specific terms of the
contract. / am in favor of American BIZ
metallism. and in this the United States
II know of no reason why the United
States should surrender it's claim against
the GdcHic fOauS, IL IL can enforce ultimate
collection by a series of annual payments
guaranteed by reasonable security.
am not in favor of national board
of arbitration modelled upon any plan SIM
liar TO the Interstate-commerce Commits
sion. Such a board would be entirely too
cumbersome; too far removed from the
immediate locality of the disturbances,
and would lack the one essential element
necessary to success. the power of enforc-
ing its awards. l believe, however II law
be framed to secure local arbitration
of any serious differences between an inter
state carrier and its employees; but such
arbitration, to be effective, must be bind
ing upon both sides, and pending arbitra-
tion. it should be made unlawful for either
management or employees TO abandon rail-
way train service, or to interfere in any
manner with the regular traffic of the
country
Burton Ahead i'm Kansas.
TOPEKA, Kan, Jan. 16--The Republic
an caucus TO nominate a United States
Senator met in the Senate chamber at
O'Clock tc-nlght Before the caucus organi-
Oh ,-;.I,