The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-10-11
CAUSE Of OUR TROUBLES.
Lack OF Confidence and Inadequate e
| Government Revenues,

Lack OF commence ana Inadequate e
Government Revenues.
To the Republican club Of Lebanon coun-
ty, Pennsylvania, and Lansing, Mich, Re-
publicans, Mr.. Mckinley said
My Fellow -cftizens-Your early call is an
example of promptness which / trust will
be followed on the third of November in
citizens of Michigan and Pennsyivania
warm welcome to my city and home. The
best thing in this world next to liberty is
labor, and the best thing for labor is an
opportunity to work. This is the opportu-
nifty for which we are all striving this
year, and which we hope, through a change
of policy in the administration OF the gov
ernment of the United States, to enjoy in
a larger degree than we have done in the
past three and half years.
What we want more than anything else
in order to bring this opportunity to labor
is a restoration of confidence With conf
der ce shaken money seeks it's hiding place
and goes out of the channels of business and
legitimate investment and away from farm
ing, manufacturing and mining enterprises
] do not know of better illustration of
the velue Of confidence to the country than
is found in our own experience during the
last twenty years. You will remember that
this country resumed specie payments Jan
L. 1879. We had outstanding then as we
have now, S346, coo 600 of what is commonly
known as greenback currency; every dollar
of that from that date was redeemable ir,
gold upon presentation at the treasury of
the United States. So great the contI-
dence of the people in the ability of the
country that from 1879 to 1893 but SAG 900 coo
were presented for redemption and the gold
taken out--S46 000,000 in fourteen years-and
yet in the last three and half years since
confidence has been disturbed more than
two hundred millions of greenbacks have
been presented to the treasury of the United
States for redemption and the gold taken
out. Now if confidence had existed, If the
fearful-and they were only made so be-
cause the treasury of the United
oney sSa5es as fo nav rot its eofafng bgtba enough tg
revenues of the treasury were inadequate
for public expenditure, and alarmed as
they were. thye sent their greenbacks in
for redemption and took the gold out. The
gold reserve, therefore, was encroached
upon, and from time to time , we have been been
to put gold into the treasury of the United
States.
TNow, the Republican party believes that
1t is the duty OF the government first TO
raise enough money TO run the government.
We don't want any deficiencies in the pub
lie treasury, and If we have no deficiency
we will have no debts, and if we have no
debts we wifi have no bonds, and when we
have deficiencies everybody will have
confidence in the solvencv of the treasury
of the United States. Then. my fellow
citizens, we not only believe IN raising
enough money to run the government. but
we believe in having a tariff upon foreign
competing products high enough to protect
American labor and American manufac-
lures. We believe that it is the first duty
of the government of the United States to
protect and defend its own citizens 1t is
the poorest policy on the part of the gov
ernment to give work to the labor of other
nations while we have idle men in the
United States.
Now. when we have once accomplished
that we propose to continue the good
money we have in this country. We do not
want any short dollars any more than we
want light weights. We are in favor of
good round one-hundred-cent dollar with
which to pay the labor of this country and
measure the exchanges of the American
people, and we will have no other kind,
II thank you. gentlemen, for this call.
Delegations are arriving. and therefore /
am quite sure you will not expect from me
more extended speech. / glad to
meet and greet each and every one of yo1.
and trust that on the Sd day of November
YOU will write on your ballots what you
believe is best for you. your country, its
credit its confidence and for glorious
flag Great applause and three cheers for
Mckinley