The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1898-09-24
Bailey Of Texas, Opens the Demo.
cratic Congressional Campaign
in Virginia,
sUsTAINs DEMOCRATIC VETO
Explains Why His Colleagues il
Congress Opposed the Pass
age Of the Bill.
NO NEcssslIYF FOR SALE OF BONDS
Amount of Gold Reserve Ia Treas,
ury Will Ho Above Amount
Received ltor Sale
of Honds.

OahNliiS, d., sept. S1.-IOnSreSS-
man Bailey spoke ut Chatham, the
county seat, yesterday in the Interest
OF 9. A. Swanson, democratic nominee
for congress from the Fifth district.
People from miles around were in the
crowd to hear the Texan. Mr.. Bailey
made it plain that the democrats mean
TO make the present campaign an ag-
gressiye one. Among other things of
similar import he said:
For months republican politicians
and republican editors have talked and
written incessantly about the mistake
of the democratic minority in con-
gress but now that they are required
to specify u mistakes in order to di-
vert public attention from their own,
they find it impossible to make good
their repeated and wreckless asser-
tions. In order to escape the Just and
universal Indignation which has been
aroused against them by the suffering
inflicted upon the volunteer army
through the incompetence or the dis
honesty of those whom they have
placed in power, they have been
searching the congressional records
and racking their brains to find some
damaging accusation which they can
sustain against us. But they have not
found it. they will not find it. The res.
ord of the democratic party through
out the last and trying session of con-
gress is absolutely above all criticism.
! do not say it with the purpose of
claiming any credit for myself, but as
n matter of simple justice to my DEM
%ocratic associates ] declare that in all
the history of this government no mi
nority party ever passed through n
wal session of congress with sc much
credit as did the democrats of the
present congress.
"The only important vote which we
believed at the time we cast it could
have become the subject of contro-
yers.y, was II vote against the war
revenu bill, and events have COM
pletely indicated our course in re-
spect to that measure. We opposed
the passage of that bill because we be-
]ieved that it authorized an unneces-
sary sale of interest bearing bonds,
and the condition of the treasury
proves conclusively that we were
right. When congress- convenes in De-
cember next, it will find that the sur
plus in the treasury, above the $780,
100000 gold reserve, will exceed the
amount received from the sale of
bonds, thus demonstrating that there
was no necessity for the government
to sell its bonds.
Our republican friends cannot ex-
cuse themselves by saying that they
could not foresee the early termina-
ton of the war, because every man
who was reasonably we'll informed
about the condition of Spain under
stood that it was impossible for her
to continue a long and expensive war.
Owing to the greater distance between
her base of supplies and the seat of
war, it was certain that it would re-
quire the expenditure of at least a
dollar and twenty-five cents on the
part of Spain to meet the expenditure
of every dollar on the part of the
United States. 1t was certain, there
fore, that if the war cost us $2OO,OOO,-
600 it would cost Spain $3.50, 100000,
and where could she raise any such
sum as that? Torn with civil strife;
her throne claimed by n pretender;
her people impoverished, she could
not levy additional taxes without pre-
cipitating bread riots within her own
borders, and her only means of carry
ing on the war was to borrow money.
This she could not hope to do, because
her bonds were already selling Mt 80
cents on the dollar in the markets of
the world, and had she attempted to
borrow $250,OO0, 900 she would have
been compelled to issue $500, OOo, OOC
worth of bonds. Before she could
have sold one-half that amount her
credit would have fallen still lower
and her bonds would not have COM
manded 90 cents on the dollar.
with an adversary unable to raise
money by taxation, and powerless to
borrow it, the end Of the war was in
sight before it was begun. The re-
publican leaders in congress knew
this as well as we did; or if they did
not know it they are not wise enough
to be entrusted with the administra-
ton of this government. But with
the knowledge that the war must
soon end, and knowing that with all
their wastefulness and extravaganza
it would probably not cost over $780,
000, 900, they proceeded to enact q law
which imposes $3.50, 900, 900 in annual
taxes upon the people, and authorizes
the contraction of n $500, DOC, 900 debt.
Upon that monstrous proposition al
most every democrat in congress voted
No and our only regret today is that
there was a single one of us who felt
called upon .by his II of duty to
support it"