The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-07-02

arose to reply and the cheering was re-
rrNcd. When quiet was restored h,
! spoke as follows;
Senator Thurston and Gentlemen OF
! the Notification Committee of the Rcpub
| lican National Conycntiom-To be So
| lcctcu rs their presidential candidate by
| Il great party convention, representing
| 80 vast u number of the people Of tho
| United States, is Il most distinguished
| honor for which / would not conceal
my high appreciation, although deeply
sensible of the great responsibilities of
| the trust and my inability to bear them
| without the generous and constant sup
| port of my fellow cOuntrymcn. Great as
| is the honor conferred, equally arduOuS
and important is the duty imposed and
in accepting the one, assume the other.
| replying upon the patriotic devotion of
| the people to the best interests of our
| beloved country, and the sustaining care
and aid of Him without whose support
| all we do is empty and vain. Should the
! people ratify the choice of the great con
| vcntion for which you speak. my only
aim will be to prOmtc the public good,
which in America is always the good Of
the greatest number the honor of our
country, and the welfare of the people.
"rhc questions to he settled in the ma
tiOnal contest this year are as serious
and important as any of the great gov
crnmcntal problems that have confronted
MS in the past quarter of the century.
Ihcy command our sober judgment and
Il settlement free from partisan pre-
JUDGES and passions. beneficial TO our
selves and betting the honor and
grandeur Of the republic. They touch
every interest of our common country.
Our industrial supremacy, our produc-
tive capacit" our business and CONNER
cial prosperity. our labor and its re-
wards, our national credit and currency,
our pride financial honor, and our SPLEEN
did birthright-thc property of every
Amcrican-are all pending in the cam
paign, and thus every home in the land
is directly and intimately connected
with their proper settlement. Great are
the issues involved in the coming cleo
ton and eager and earnest the people
for their right determination. Our do
nestle trade must be won back and our
idle working people employed in gainful
occupations at American wages Our
home market must be restored TO its
proud rank of first in the world, and our
foreign trade, so prccipitately cut off by
adverse national legislation, rcopcned on
fair and equitable terms for our surplus
agricultural and manufacturing projects.
Protection and reciprocity are twin
measures Of II true American policy and
should again receive the earnest en-
couragemcnt of the government ut
Washington. Public confidence must be
resumed, and the skill. the energy and
the capital of our country find ample en-
plOymcnt at home, sustained, encouraged
and defended against the unequal com
petition and serious disadvantage with
which they are now cOntcndng. The
government of the United States must
raise enough money TO meet both its cur
rent expenses and increasing needs. Its
revenues should he so raised as to pro-
tcct the material interests of our people.
with the lightcst possible drain upon
their resources, and maintain that high
standard of civilization which has dis
tinguiShcd our country for more than
century of its existence. The income
of the government, | repeat should
equal its necessary and proper cXpcnd-
lures. \ failure to pursue this policy
has compelled the government to borrow
money i'll Il time of peace, to sustain its
credit aud pay its daily expenses. This
policy should be reversed. and that too,
as speedily MS possible. 1t must be APP
parent to all. regardless of past ties or
Affiliations, that it is our para
mount duty TO provide adequate revenue
for the expenses of the government
economically and prudcntialy admin
iStcrcd. The Republican party has here
tofOrc done. and | COniidCntaly hope it
will do in the future. when the party
again is entrusted with power in the
executive and legislative branches of
our government The national credit.
which has thus far fortunately resisted
every assault upon it, must and will be
upheld and strengthened. If sufficient
revenues are provided for the support
of the government there will he no ne
ccSSity for borrowing money and incrcaS-
ing the public debt The complaint of
the people is not against the administra-
ton for borrowing money and issuing
bonds to preserve the credit of the coun-
try, but against the ruinouS policy which
has made this necessary. 1t IS but an
incident and necessary ono, to the pol
icy which has been inauguratcd. The
inevitable effect of such II policy is seen
i'll the deficiency of the United States
treasury, except rs it is rCpcnishcd by
loans. and in the distress of the people
who are suffering because of the scant
demand for either their labor OF the pro-
ducts of their labor. Here is the funda-
mental trouble, the remedy for which is
Republican opportunity and duty. Dur
ing all the years of Republican control
following resumption there was Il steady
reduction of the public debt. while the
gold reserve was Sacrcdly maintained
and our currency and credit preserved
without depreciation, faint or suspicion.
If we would restore this policy that
brought MS unCXampcd prosperity for
more than thirty years under the most
trying conditions ever known in this
country. the policy by which we made
and bought more goods ut home and sold
more abroad. the trade balance would be
quickly turned in our favor and gold
would come to us and not go from us in
the settlement of all such balances in
the future. The party that supplied by
legislation the vast revenues for the con-
duct OF our greatest war and promptly
restored the credit of the country ut its
close, and that from its abundant rcvc-
nucs paid off Il large share of the debt
incurred in this war and that resumed
rcncy upon Il sound and enduring basis
can he safely trusted to preserve both
our credit and currency with honor. sta
hility and inviolability.
THE American people hold the iinan.
cial honor of our government rs sacred
as our flag and can be relied upon to
guard il with the same sleepless vigil
ancc. They hold its preservation above
party fcalty and have often demonstrate
ed that party ties avail nothing when the
Spotlcss credit of our country is threat
cncd. The money of the United States
and every kind or form of it. whether