Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1896-10-29

Twenty car loads of people from Penn
eylvania and Michigan were the first to
get Maj. McKinley's attention. They
were at his door at 8 o'clock and 20 the
brief addresses of their spokesman Mr..
Mckinley responded by saying:
your early call is an example of
promptness which l trust will be fol-
lowed on the Sd of November in every
part of our country. 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 opportunity for
which we are all striving this year and
which we hope through Il change of
policy in the administration of the gov
eminent of the United States to enjoy to
a larger degree than we have done in
the past three and one-half years. What
we want more than anything else in
order to give this opportunity to labor is
a restoration of confidence. With con-
fdence shaken, money seeks its hiding
place and goes out of the channels of
business and legitimate investment and
away from farming, manufacturing and
mining enterprises. | do not know of q
better illustration of the value of con-
fidence to the country than is found in
our own experience during the last
twenty years.
Some Financial History.
'YOu will remember that this country
resumed specie payments January l,
1879 We had outstanding then, as we
have now, S34G0OO,OOO of what is COM
monty known as greenback currency.
Every dollar of that from that date was
redeemable in gold upon presentation at
the treasury of the United States. SO
great was the confidence of the people
in the ability of the country that from
1879 to 1893 but 46OOO,OO0 of dollars
were presented for redemption. and the
gold was taken out; $46OOO,O00 in four
teen years, and yet in the last three and
a half years, since confidence has been
disturbed, more than $2O0,O00OOO of
greenbacks have been presented TO the
treasury of the United States and the
gold taken out.
Now, if confidence had existed. if the
holders of these greenbacks had not
been fearful, and they were only made
so because the treasury of the United
States was not collecting enough money
TO pay its bills, that the revenues of the
treasury were inadequate for public eX-
pendltures. and alarmed, as they were,
they would not have sent their green
backs in for redemption. Fhe gold re-
serve was encroached upon, and from
time to time we have been compelled to
sustain it, to borrow gold to put into the
treasury of the United States. Now, the
Republican party believes it is the duty
of the government first to raise enough
want any deficiencies in the public treas
ury, and if we have no deficiency we
will have no debts, and if we have no
debts we will have no bonds. and when
we have no deficiencies everybody will
have confidence in the solvency of the
treasury of the United States
Necessity for High Tariff.
"Then, my fellow citizens, we not only
believe in raising enough money to RIM
the government, but we believe in having
tariff upon foreign competing products
high enough to protect American labor
and American manufactures. We be-
lieve it is the first duty of the govern
ment of the United States to protect and
defend its citizens. 1t is the poorest
policy on the part of the government to
give work to the laborer of other ma
tons 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