The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1898-02-04
COMMERCE AND MONEY.
These Subjects Discussed by President
Mckinley at a Banquet
Governments Restricted IN It's Power 20
Promote Industry-The Financial Plank
Of the ST. Louis Platform Binding
Upon Republicans.

NEW YORK, Jan. 2S-The third an
nual banquet Of the National Associa-
ton Of Manufacturers Of the United
States, which took place last night at
the Waldorf-AstOria hotel, was one Of
the largest and most elaborate affairs
of the kind ever given in this city.
One thousand guests were seated at
the tables At 1880 o'clock Warner
Miller raped for order The chief
end Of the organization, he declared,
was to extend the commerce Of the
United States abroad This assOeia-
tion," he said, would advocate an
other department in the cabinet, name
", a secretary Of commerce"
The widest enthusiasm prevailed
when President Mckinley was intro
duced- His speech, in part, was az
follows:
Mr. Toastmaster, Members OF the National
Association OF Manufacturers and Guests. For
the cordial character Of this greeting return
my thanks The genuineness Of your WelcOme
Is fun compensation for having left Washing
ton at unusually busy season in order TO par
ticipate IN this interesting meeting
National policies can encourage industry and
commerce, but &c remains for the people to
project and carry them on II these policies
the people can be safely trusted TO do the rest
The government however. IS restricted in its
power to promote industry. It can aid COM
merce, but not create It It can widen and
deepen its rivers, improve its harbOrs and de-
FelOp its great national waterways: but the
ships 70 sail and the traflc to carry the people
must supply The government can raise
revenues BY taxation in such way as viii dis
er1minate in favor Of domestic enterprises. but
Il cannot establish them It can make COM
and agriculturiSts the ports Of other nations
It can enter into reciprocal arrangements TO
exchange our products with those Of other
countries 1t can do all these things. and ought
to do them. but with all this accomplished tbs
result viii still be Intellectual unless supple
mented BY energy, enterprise and industry Of
the people
There IS another duty resting upon the na-
t4onal government TO coin money and 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 unQues-
toned and unassailable II doubts remain they
must be removed II weak places are discOv-
cred, they must be strengthened Nothing
should ever tempt us-nOthing ever viii tempt
us-tO scale down the sacred debt Of the nation
through legal technically Whatever may
be the language Of the contract, the United
States viii discharge all Of its obligations in
the civilized world at the time Of payment
Nor viii We ever consent that the wages Of la
Dor or its frugal savings shall be scaled down
BY permitting payment in dollars OF less value
than the dollars accepted as the best IN ever
enlightened nation OF the earth
The difd-ulties in the path Of q satisfactory
reform are, it must be admitted, neither few in
number nor slight in degree. but progress can
not fail 70 be made with fair and thorough
trial An honest attempt viii be the best proof
Of sincerity OF purpose Discussion cannot
hurt, it viii only help the cause Let Us have
full and free discussion We are the last to
avoid OF evads it Intelligent discussion viii
strengthen the Indifferent and encourage the
friends OF q stable system Of finance
half heartedness never won a battle Ma
tions and parties without abiding principles
and stern resolution 20 force them. even II It
costs continuous struggle 70 do so. and TEN
pOrary sacrifice. are never in the highest de-
gree successful leaders In the progress Of man
kind For Us 70 attempt nothing in the face Of
the present faIlacies and the constant effort to
spread them is 70 lose valuable ground already
Won and practically 70 weaken the forces Of
sound money for their battles Of the future
The financial plank o. the St Louis platform
IS still as commanding upon republicans and
those who served with them in the last cam
paign as on the day IL was adopted and prOmul-
gated Happily. the tariff part Of the platform
has already been engraftsd into public statute.
But that other plank, not already builded into
our constitution, is OF binding force upon al Of
rs What is it2
Tbs republican party IS unreservedly for
sound money It caused the enactment Of the
law providing for the resumption Of specie pay
ments in 1879; since then every dollar has been
as good as gold
we are uua-tsra5ly opposed 70 every meas
ure calculated 70 dcbase our currency OF impair
the credit OF our country. We are therefOra
opposed TO the free coinage Of silver, except By
international agreement with the leading com
msrcial nations Of the world. which we pledge
ourselves 70 promote, and until such an agree
ment can Be obtained the existing gold stand
ARD must be preserved All our silver and pa
per currency must be maintained at parity with
gold and we favor all measures designed to
maintain invi0la5ly the obligations Of the
United States, anu al our money. whether
coin or paper, at the present standard, the
standard Of the most enlightened nations Of ths
earth
This IS IN reality a command from the people
who gave the administration 70 the party now
IN power AMI who are still anIiOusly waiting
for the execution Of their free and onnipotent
wiz By those OF us who hold commissions from
that supreme tribunal
Senator Frye, Charles Emory Smith
and Henry E Rowland also made ad-
dresses