The San Francisco call., 1898-01-28

] notes, but your business. l sympathiZed with your purposes then; am In ful! ac- ] cord with your intentions now. ven tured to say at the gathering referred to' as reported In your published proceed l ingS, speaking both for your encourage ment and from a profound conVicuon' ! this great country cannot be permanent 1 ly kept In a state of relapse. l believe we 1 will reoccupy the field temporarily lost l to us. and go out to the peaceful con- ] quest of new and greater fields Of trade and commerce The recovery will come | slowly, perhaps. but it will come. and
 when 1t does we will be steadier and will better know how to avoid exposure here 1 after.
 National policies can encourage indus l try and commerce, but it remains for the l people to project and carry them on 1T | these policies stimulate industrial devel- | opment and energy the people can be
 safely trusted to do the rest. The Gov 1 ernment, however, Is restricted In its
 power to promote industry. It can aid | commerce, but not create 1t. It can 1 widen and deepen its rivers, improve its l harbors and develop its great national ! waterways, but the ships to sail and the | trafhc to carry the people must supply. | The Government can raise revenues by | taxation in such a way as will diScrim- mate in favor of domestic enterprises, but 1 IL cannot establish them. It can make | commercial treaties. opening to our man. ufacturerS and agriculturistS the ports i of other nations. IL can enter into re- 1 ciprocal arrangements to exchange our products with those of other countries It
 can aid our merchant marine by encour- ! I0- merce. It can assist in every lawful man.
 her private enterprise to unite the two oceans with the great canal. It can do all these things, and ought to do them; but with all this accomplished the result will still be intellectual unless supple
 mented by energy, enterprise and in | build and operate the factories, furnish i ships and cargoes for the canal and the rivers and the seas. It is they who must l find the consumers and obtain trade by going forth to win it.
 Much profitable trade is still unenjoyed | by our people because of their present insufncient facilities for reaching desira- Die markets. Much of it is lost because l or a lack of information and ignorance ! or or the conditions and needs of other na> uohS. we must know just what other i people want before we can supply their wants. We must understand exactly how | 10 reSch them with least expense, if we would enter into the most advantageous ] business relations with them. The ship 1 requires shippers; but the shipper must baN.e baHe assured promise that his goodst Twill nave d sale when they reach their desti- nation. IL is good rule if buyers will i not come to us for us to go to them. It ! IS our duty to make American enterprise and industrial ambition as well as [ achleVement terms of respect and praise
 not only at home, but among the family | or nations the world over.
 There is another duty resting upon the Nauonal GoVernment-"To coin money ana regulate the value thereof" This | duty requires that our government shall regulate the value of its money by the highest standards of commercial honesty
 and national honor. The money of the | united States is and must forever be un- | questioned and unassailable. If doubts ] remain, they must be removed. If weak
 strengthened. Nothing should ever tempt us-nothing ever will tempt us-to scale down the sacred debt of the nation | through a legal technicality Whatever may be the language of the contract the l united States will discharge all it's oblf- 1 gatlons In the currency recognized as the 1Icrhn ffa ri.- | time Of payment. Nor will we ever con sent that the wages of labor or its frugal ] payment in dollars of less value than the
 dollars accepted as the best in every en- l frightened nation of the earth.
 | Under existing conditions our citizens i cannot be excused if they do not redouble l their efforts to secure such financial legis-
 lauon as will place their honorable in- l tentions beyond dispute. All those who l represent, as you do the great conserva- tive and the progressive business inter-
 ests of the country owe it not only to | themselVes' but to the people, to insist
 upon the settlement of this great ques- 1 ton now, or else to face the alternative
 that it must be again submitted for arbi-
 tration at the polls. This is our plain duty to more than seven million voters | who; fifteen months ago, won a great political battle on the issue, among other that the United States government would not permit doubt to exist anywhere
 concerning the stability and integrity of ! Its currency or the inviolabiity of its ob- 1 legations of every kind. This is my inter- l pretation or that victory. Whatever ef- fort therefore. is required to make the
 settlement of this vital question clear and l conclusive for all time. we are bound in
 good conscience to undertake. and if pos l sible realize. That is our commission our present charter from the people
 It will not suffice for citizens nowadays
 to say simply that they are in favor of
 sound money. That is not enough The
 peoples purpose must be given the vi-
 tality of public law. Better an honest
 effort with failure than the avoiding of l nl9tn and d,,+
 difficulties in the path of a satisfactory
 reform are, it must be admitted. neither | progress cannot fail to be made with
 fair and thorough trial An honest at
 tempt will be the best proof of sincerity l Of purpose. Discussion cannot hurt it ! will only help the cause. Let us have 1 full and free discussion. We are the last
 to avoid or evade 1t. Intelligent discus
 sion will strengthen the indifferent and
 encourage the friends of a stable system
 of finance. Half-heartedness never won
 battle Nations and parties without
 abiding principles and stern resolution to
 enforce them, even if 1t costs a continu-
 ous struggle to do so and temporary sac
 rifce. are never in the highest degree 1 successful leaders in the progress of man
 kind. For us to attempt nothing in the
 lace Of the present failacies and the con
 uable ground already won and practi-
 cally weaken the forces of sound money
 for their battles of the future
 The financial plank of the St Louis
 platform IS still as commanding upon Re
 publicans and those who served with
 them in the last campaign as on the day
 1t was adopted and promulgated. Hap
 pily, the tarin part of the platform has
 already been engrafted into public stat
 ute: But that other plank. not already
 builded into our constitution, is a bind
 ing force upon us. What is it? "The Re
 publican party is unreservedly for sound
 money. It caused the enactment of the
 law providing for the resumption of
 specie payments in 1879: since then every
 dollar has been as good as gold"
 Ihls IS In reality command from the
 people who gave the administration to
 the party now in power. and who are still
 anXiousy waiting for the execution of
 their free and omnipotent will by those
 or us who hold commissions from that
 supreme tribunal.
 Senator William P. Frye of Maine.
 who was introduced as one of the
 greatest friends of the merchant mar
 Inc, made brief address. In speak
 ing of the Nicaraguan canal he de-
 clared that the United States should
 build it. He did not approve of the l private ownership of the canal by any