The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1898-10-15
sound of his voice.
raforriy,o rIeaS r,f1v 70 !, &c ,,ra

After referring pleasantly TO his pre-
vious visits to st. Louis, the President
said:
ut must be matter of great graft
fication to the people Of the United
States to know that the national credit
was never better than now; that for
the first time in it's history the Govern
ment is floating 3 per cent. bond,
every dollar of which was sold at par
and is now at premium of cents on
the dollar, and that this profit has gone
to the people. The loan was a popular
one, and it has been source of much
satisfaction that the people, with their
surplus savings, were able to buy the
bonds. 1t is an interesting fact that
while we offered but 500 100000 of
bonds for sale, over fourteen hundred
millions were subscribed by the people
Of the country, and by the terms of
sale no one was able to receive bonds
in excess of $1,000.
ct is not without significance, too
that the Government has not been re-
quired since 1896 to borrow money FOR
it's current obligations until the war
with Spain, while it's available balance
on October /, 1898, was upward of
1907 100000, of which sum over S243,
100000 was in gold. Nothing more
impressed the nations of the world
than the appropriation Of a large ma
tional defense fund which the treas
ury was able to pay from its balance
without resort to a loan. While the
credit and finances of the Government
have improved, the business conditions
of the people have also happily i'm
proved. Both Government and citi-
zens have shared in the general pros
perity. The money circulation OF the
country was larger on the LIST of July,
1898, than it has ever been, and there
has been no depreciation of the value
Of our money. So
1.-The people have borne the additional
taxation made necessary by the war
with the same degree of patriotism
that characterized the soldiers who en-
listed to fight the country's battles.
We have not only prospered in every
material sense, but we have established
a sentiment of good feeling and spirit
of brotherhood such as the nation has
not enjoyed since the earlier days Of
it's history. Not since the beginning
of the agitation of the question ~
slavery have there been such a COM
mon bond in name and purpose; such
genuine affection; such unity OF the
sections; such obliteration of party and
geographical divisions. National pride
has been again enthroned; national
patriotism has been restored; the ma
tional union cementeds closer and
stronger; the love of the old flag en-
shrined in all our hearts. North and
South have mingled their best blood
in common cause, and to-day rejoice
in a common victory.
1--WE must guard this restored union
with jealous and sacred care, and
While awaiting the settlements of the
war and meeting the problems which
will follow, we must stand as one man,
not in the spirit Of, party and unite
in common effort for that which will
give to the nation it's widest influence
in it's sphere of activity and usefulness
to which the war has assigned It's Let
nothing distract you; let no discordant
voice intrude to embarrass us in the
solution Of the mighty problems which
involve such vast consequences to our
selves and posterity. Let us remem-
Der that God bestows upon no nation
such a supreme opportunity which is
not ready to respond to the cali OF
supreme duty"
The address of the President was
received by his 10000 auditors with
the widest cheers, and at it's conclu-
sion the demonstration was simply in
describable. For a short time the Presi-
dent then viewed the sights of the St
Louis Exposition, after which he left
for the train.