Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1898-10-11
CREATES GREAT ENTHUSIASM
RECEIVES HIGH PRAISE FROM EN.
GOVERNOR JOHN NJ. THAYER.
MIR. Davis Reviews Recent Achieve
ments of the Republican Party
and Argues for the Uphold
ing of Republican
Principles.


Republican ticket. 1t was a splendid effort
on the part of the young assistant secre-
tary of the interior, and the audience grew
extremely enthusiastic before the speaker
had proceeded very far in advocating that
the president have the united support oil
the next congress in solving the new ma
tional questions which are coming up. EX-
Governor John NJ. Thayer, who has had a
long public career, publicly declared that.
although he had heard Clay, Webster, Cal
koun and all the other great orators of
his day, he had never heard a more con-
vincing and powerful speech than that de-
ilyered by Davis tonight.
When the Republican party came into
power, in 1896. the fires of our furnaces
were out our spindles were silent. our
looms still, the mines boarded up, 10 per
cent of all the railways of the country
in the hands of receivers, public confidence
destroyed a million laboring people in the
streets cut of employment, or, If work
ing. working at half pay and half time.
Under the Wilson bill We borrowed S263,-
100000, giving the bonds of this country,
running thirty years. which, when due, we
will have to pay with s60I, 100000, or we. will
have an Indebtedness one-fourth as great
as the whole debt at the close of the civil
war.
Some folks say the remedy for this con-
dition Of things is the free and unlimited
| coinage of silver at the ratio of 16 to 1:
| the Republican party's remedy is protection
to American industries.
Some folks say it was the demonetiza-
| ton of silver in 1873 that has occasioued
| this difficulty. / say it was the folly of
| 1892, when We went from protection to free
| trade.
In 1916 We had free trade and we had
bankrupt treasury, falling prices. closed
mills, silent looms, smokeless chimneys, the
whole people out of business and buying
cur goods from abroad.
Henry Clay said. speaking of that
| period: If We're called upon to name
| seven years of the most widespread dis
| aster which this country ever saw, it would
be the seven years Immediately preceding
| the tariff of 1924 And not until the remedy
of protective tariff in 1924 was applied did
| this nation recover and go on its march of
| progress. And the remarkable thing of it
| all is that in 1916 we had the free and un-
| to l.
In 1887 We again tried the policy of free
| trade and at that time conditions prevailed
almost identical with those prior to the
Ipassage of the late tariff bill known as the
| Dingley bill. Soon after that the policy OF
protection was again applied and times
| soon were remedied again.
| Again in 1857, just twenty years after
| ward We tried free trade again, and again
the country was in distress and sorrow and
suffering prevailed upon every hand. Then
again few years later the Republican
party established Its policy of protection
and prosperity again came to suffering
people and our land was again filled with
happiness and plenty.
1.-THE true way to take care of the nation
al revenues is to protect the national in
dustries.
I'VE want laws that will protect our own
people, because the farmers must sell al
| most all they raise in our markets and
| manufacturers must sell their own wares
in our own markets and they do not want
foreigners to fill those markets with their
| wares.
publican party has been a policy under
which the American people have never yet
failed by their own hard work to secure
out of the resources of their country a
fair level of prosperity, reasonable re-
ward for their labor. and reasonable
dividend for their investments.
I'VE have heard so much about the
that this has been the cause Of all OIL
woes; that this is the cause of SO many
men being out of employment during the
last few years, and that this has been the
| great bar to our nations prosperity, and
has brought about the hard times that
have prevailed in this country until recent,
And yet in the face of these assertions
, the statistics show that, in the year 1870
just three years before the so-called crime
of 1873 had been committed, there was IN
vested in manufactures IN the United
States the sum of 81. 100 100000. But in 1890
| lust twenty years afterward. that sum ha,
Increased to Sc, 200 .0o,coC How is that that fo
l wonderful calamity that was which the!
: attribute to the crime Of 1873!
: Again. in 1870. the number OF employe
| In these establishments was 2,O0O,UO0. II
/ | 1890 the number had increased to 4.5OO,eT
What a wonderful increase-two and a hal
times as many as in 1870! What direfu
| calamity from the crime of 1873.
| n $50 the amount or wage
paid to these breadwinners was s62o.OoO .0Ot
l. an average of $50 per annum, per head
| In 1890 the whole amount paid was woo.
: OO0 600 an average of $is9 per annum each
Here was an increase of over twofoid i
. the interest of the workingmen OF TN
n country-another result of the awful Grim
e of 1873. ~
:. "During the, consideration of the bill t
e raise war revenues the Democratic minor
$ itv of the house advocated an issue O
: greenbacks-in other words, a forced loar
And when the question was asked TO wha
e | extent the Democratic leader replied, Tn
IL til we shall determine the limit of safet
n by going beyond it Think of that propos
e ton, 4 nation with boundless credit I
J. issue forced loan as an experiment. an
g keep on issuing it until the limit of safet
y shall have been passed, and the nation
credit destroyed II is less tham SIN month
sition was made in congress, and yet ou
Democratic friends have the eeffrontery
tell us that there are no national issue
involved in this campaign.
C But the difference between Republica
and Democratic policy with respect to tn
maintenance of the national credit is moi
marked when the affirmative financial legi:
| lation of the present congress is considere
ic | regard as one of the wisest and no.
a beneficent acts OF legislation that stanC
Ig to the credit of the Republican party Il
- | loan features of the war revenue law. TIL:
. law did two things: First it clothed Il
l. secretary of the treasury with power
k. | issue short time certificates to meet al
of temporary deficiencies of revenue. N
m | thus prevents the use of the redem
III ton fund for, current expenses. Ha
s. books during the Cleveland administratio
We would have been saved the humilatit
NJ and expense of borrowing money fro
- syndicates for current expenses at ruino
ne Rates This is piece of permanent lie
ssee isiation not limited to war eXigencies, b
Da ra enduring credit of the party that propos
's | and passed 1t.
y; T.; .S'This war revenue bill. in the secol
pS place in providing for bond issue provi
a. | ed for a popular loan. The bonds were
W | be in sums of 500 and multipies there,
~ ~ and were to be first offered to small ia
= ers The invitation was not to capitals
~ | bankers or Syndicates. but to the peop
he to each man, woman or child willing to
he | vest their savings. small or great. 1t W
cd | 10 those who could not fight. to share
nv | the glory of the war. IT brought that W
he | home TO every home and TO every heart
OF | stone. The man who could not carry
m. musket had o right, IL he would. to car
ne Look at the result-s2OO. .000o 600 called fl
q 90o OON 600 was offered by the patrio
men women and children who We're Gag
TO become partners in the nations war
C. the great cause of humanity. L ventt
list the assertion that the holders, of the
nd bonds are advocates of the gold standa
n and will cast their votes for the candids