Arizona republican., 1898-10-07

trance of the present administration political chaos reigned supreme
 In a time of profound peace bonds
 amounting to $260, ,000, 900 were issued to raise revenue for the support of the government. Only once before in the history Of our country had such an event occurred, and that was during the administration of James Buchanan. When could it ever be said that bonds would be issued by a republican ad- ministration il time of peace A po- litical party that had contracted a necessary indebtedness of $3,000, ,000,- coo to successfully prosecute a gigan- tic fratricidal struggle, and then had liquideted two-thirds Of that amount in the brief space of twenty-five years, elevating those bonds to value of 20 per cent above par in the monetary centers of the world, would certainly not be found wanting in the compara- lively simple process of providing funds for the actual expenses of the government. Hence, we find that shortly after this administration was inducted into office, confidence was at once restored, prosperity returned, rev enue poured into the treasury, capital rushed in from abroad, until at pres ent every avenue of trade feels the stimulus of confidence regained. The treasury not only contains that sacred s100,00o,0 900 Of redemption funds, which so excited the anxious fears of Cleve- lands administration, but in like man ner it also holds large and increasing surplus, like unto that similar condi- tion of the treasury left by Harrison to Cleveland, and which so alarmed the democrats at that time. This was not of o11 fcs- rlav. that the democratic party had never before experienced the responsibility incident to the possession of plethora of coin
 How quickly the nation felt the thrill Of commercial impulse, upon the ad- vent of the present administration! How promptly the business interests of the whole world rushed to the new alignment, established by republican readjustment! The tremor of financial timidity no longer aff1icts the fiscal department. The nation is full of treasure, and capital which had skulk- ed and hid away behind the bars and bolts of treasure vaults, fearing to show itself in the dim light of demo- cratic mismanagement, now comes boldly forward from it's hiding, and earnestly and zealously seeks invest ment in any enterprise which promises even a fair return. Capital that had grown musty in the dark concealment of sepulchral obscurlty now basks in the genial sunlight of republican conf dence and security. Such a party att tracts the admiration of the civilized world. It commands the respect of even its adversaries. A party that paid of majority of the national debt, R,~ nineteen consecutive years. and main tained the exalted credit of the nation at home and abroad, will inevitably command the confidence of the busi- ness world.
 A WONDERFUL SHOWING. In 1874 our exports exceeded our inn ports by s1S.00O,OOO and this was the first time in our history that the bal ance of trade had ever been in our fla vor. In 1879 the excess reached 204 millions. This broke the record. This was high water mark. Ever since that time the balance of trade has been in our favor continuously. except during the two administrations of President Cleveland. when the balance went against us. It was immediately re- stored, however, upon the advent of the republicans to power.
 This year is the marvellous year of our history. Never before has such prosperity beamed upon the nation. Our surplus of export this year amounts to 600 millions. This is the red letter record breaking year of our national history.
 Some of the democratic journals have recently asserted that the republican party relies for it's success in this cam paign upon the record of the Cuban contest The republican party does not found it's claim for support solely up- on the brilliant record of American be- roism in the late war. Those herculcan feats of American valor and patriotism constitute out a single link in the end- less chain of republican achievement. From the advent of Abraham Lincoln to the present day its record is unsul- lied by a single act of infideiity to the national interests. All the great meas ures of national and international im- portance for the past thirty-five years are inseparably connected with repub-
 Uonitnued on Eighth Pags)