The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-03-27

Americans to know that the national pol
icy of prote ction, esta blished by George
Washington, has achieved for US an in
dependence as necessary as that which
he won by his sword"
Reverting to the subject of the cur
rency Mr.. Mccall said in part: mo
country can be securely prosperous
however beneficent its polici n other re-
spects which docs not recognize in its
coinage and currency laws the principle
Oh honesty so necessary to the conduct of
any private business, and which does not
provide trade with a sound circulatin g
medium" /"
ut is not enough that we should have
dollar which represents for the time
being every element of value, but it
should be solidly placed upon that basis
as to stand there without fear of altsra-
ton or change.
ANY uncertainty as TO our standard is
a most disturbing factor. 1t is a conserv-
alive estimate that the earnings of the
people of this country in good times are
$lS, O00, 100000 each year and that any
serious threat against the stability of
our currency would reduce these earn
lngs at least 10 per cent, or by 81, 300, 000, :
OOO-a sum equal to our entire
publlc debt. even with the vast
Democratic accretions of the last three
years. Compared with this enormous
maint aiming our gold reserve at point
that shall dissipate all doubt"
I'VE have had" the speaker contin-
ued, IAN unsteady and unskillful admins
tratlon of the treasury which has per-
mltted our gold reserve to go below the
point OF danger before replenishing it,
and has either produced some grave in
ternational situation or awaited a dis
turDed market as a preliminary con-
dition to selling of bonds. Our public
credit has thus been impaired
and our vast business interests
have been held trembling over the preci-
pice of silver monometallism. The OBJ
vious remedy for this financial condi-
ton ia to call back to power the party
that has shown that it possesses the
capacity to manage the treasury and
which has always provided the needed
revenue, and provided it in a way to
siren CITIZEN and not weaken the gold re-
serve. But this is not enough; we owe
it to the friends of silver as we'll as to
the country to frankly and unsquivocally
define our position.
"While we should exert our influence
with foreign nations for their CO. opera
ton in securing any necessary broaden
ing of the financial basis upon which
business rests we should not, without that
cooperation, add a single ounce of silver
to the six thousand tons of that metal
uuueT WHICH tne treasury vaults are now
groaning."
Mr.. Mccall concluded his address
with a eulogy of Thomas B. Reed as
candidate for the presidential nom
inatiOn. "Mr. Reed" he said. sis
first and foremost a man who would
oppose jobbery with all the rugged
strength of his great nature and who
would not swervs from the straight path
of public duty for the presidency itself.
His position upon the financial question
is free from all doubt. The cause of
protection never had a more powerful
champion in the halls of congress. If
my fellow Republicans. you want leader
who will make not only great candidate,
but great president, whose administra-
tion will strengthen his party through the
signal benefits it will confer upon his
country, then ask the Republicans of the
nation to join hands with you and put at
the head of their columns in the battle of
'96, that man of dauntless courage and
stainless honor, that great parliamenta-
ran who beat dswn the obstruction that
paralyzed the house of representatives;
that broad minded and enlightened
Statesman, Thomas B. Reed of Maine"