Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1898-10-15
BRoADsIDEs OF TRUTH.
Congressman fIcCleary Sums Up
Republican Principles.

rived in Morris Wednesday afternoon
during a cold drizzing rain. This rain
had continued du,ing the day and
did not cease till long after the Nc
Cleary meeting, yet the courtroom
was well-filled viii attentive listeners
anxious to hear the able fiuancier.
Congressman MeCleary held his
audience easily for over two hours
while he reasoned on live political
issues. He took up first the matter
of the tariff. Both parties had long
since agreed that the proper way to
raise revenue for the federal COVER
ment is by duties on imports. The
difference came and it was an houest
difference as to whether that duty
should be laid upon articles which
competed or those which did not com
peted with American products. The
Democratic principle was to levy the
traiff for revenue only, but the Re
publican sought to kill two birds with
one stone, and raise revenue and en-
courage manufacturers at the same
time.
There used to be much discussion
of the tariff question, but now its inn
portance as an issue had disappeared,
for experience had shown the Repub
lican principle to be correct, This
country is IN fair way now to supply
itself with manufactured goods from
its own factories. For the first time
in the history of this nation, the ex-
ports last year exceeded the imports.
This was partly due to the large ex-
ports of wheat, but still more to the
fact that last year the exports of man
ufactured products was larger than
ever before. Thus, this nation is be-
coming creditor nation
The money question demands little
attention. The battle of standards
was fought out last campaign when
the Democrats, as matter of pure
politics, swallowed the Peoples party.
Yet a Peoples party man can not
consistently be free silver advocate.
The fundamental doctrine Of the Feo-
pies Party is that money is the crea-
ton of the government and that its
supply should be regulated by law.
Yet under the coinage of silver on
private account, its value and quantl
ty is entirely regulated by individuals
After reviewing briefly the distuic
ton between coinage on government
and on private account Congressman
McClearv went on to speak of the
defects ia the national banking system
of today. By the ssfe guards thrown
around national bank notes, the bank
is able to loan out only $85, 200 of
$135,OOO invested The result is that
in the East where United States
bonds are good investments, there9ls
cong stion in the money market, while
in the West, where money Is needed
to develop the county, the interest
rate is exhorbitant. His plan is to
allow banks to issue to the full value
of their capital invested, and tax them
certain per cent in gold which the
government will reserve to redeem
the note of any banks that fail.
Another defect which the Congress
man would remedy is the green back.
Now it is used to raid the Treasury.
To prevent this, he would put the
current redemption of the greenback
npon the ranks, while the ultimate
redemption would still be in the hands
of the government. La eloquent
strains Mr.. McCleary then spoke of
the great field which was opening to
the United States since the Spanish
war. He believed this nation was be
ing guided by God TO teach the lesson
of universal peace. The lecture was
concluded with the singing OF Amer
ica", Mr.. McCIeary leading.
AS a postscript to his speech, the
Congressman detained his audience
while he spoke of the significance of
the geographical position of Mime
sofa. Here the people are prosperous
and the state always goes Republican
Moreover, this is called the North
Star State" a name whose significance
can be seen in the constancy of the
pole star. Minnesota this year will
still be constant to the Republican
party.
The speech was concluded with a
round of applause.
4-----
Born.
To Mr.. and Mrs. Nick Frost. on