The record-union., 1899-04-14
new YORK SOUND
MONEY DEMOCRATS,

mOUIt DImUUIlH ~
tContinued from First Page)
and the war of 1S4S; with Lincoln and
the war of secession; with Grant and
the Alabama treaty. So will it be with
Mckinley and the war with Spain.
Praise or blame for what was demand
ed at Paris will be his. II the Presi.
dent has the benefit of success, he
should bear the burden of failure.
Ihe recent treaty with Spain has
been ratified. 1t is now a fixed fact
IN our law and our politics 1t declares
that civil rights and political status of
the native inhabitants therein ceded to
the United States shall be determined
by the Congress-
The discretion and decision are
legislative and not executive. The Pres
ldents war power, growing out of the
war with Spain, is at. an end. IT he
does not assemble Congress to do what
the treaty ordained, and the public well
fare shall thereby suffer, the RESPONSE
bility will be his
Mr.. Belmont continued: I'VE all
agree that the Democratic party should
have for its cornerstone the doctrines
indicated by Jefferson. One was the
supremacy of the civil over the mill
tary authority but that does not re-
quire a national Democratic cunven-
tion to prescribe to Congress the size
of standing army. Another was
Honest friendship with all nations, en-
tangling alliances with none but that
would not justify national Democratic
convention indicating to a Democratic
President the details of his diplomacy
to preserve such friendship and avoid
such alliances A third was Honest
payment of our debts, sacred preserva-
ton of the public faith, encouragement
of a grand commerce. but that does
not compel a Democratic national con-
vention to endeavor to prevent Demo-
Gratis in any Congressional district
from expressing their preference re-
garding the details which will best eL-
force the doctrine.
1T will be said that Jefferson was a
man of peace. So was the Democracy
he founded a party of peace, except
when war becomes necessary, as it did
a year ago Then Democrats in Con-
gress and in the field upheld the flag
with their lives"
JUSTICE VAN WICK.
Mr.. Belmont introduced Augustus
Van Wyck by referring to the latter 5
canvass for Governor. He said Justice
Van Wyck had conducted a campaign
with honor to himself and credit to the
Democracy.
Justice Van Wyck was greeted with
great applause After referring to the
many evidences of superiority of skill
and genius of the American people, he
said:
That country shall be great com
mercially, several things must co-eXist
within its borders. 1t must have tho
necessary natural resources; its people
must be sGlillful and Industrious; en-
terprise must be fostered by just laws
and the spur of free competition. and
finally, as the very cornerstone Of the
whole structure, the sense of individ-
ual honor must be sustained in full
life.
"Of these features there are perhaps
only two not plainly in operation in the
whole circle of our industries to-day.
Abundance Of our natural resources
there is no room to doubt. The skill
and readiness to labor of our people are
not less evident. The plain American
has never been surpassed as a whole
hearted believer in the gospel of hon.
est toll. Nor, happily, is it open to
question that our merchants exhibit, in
ali their dealings, as fine sense of
honor as can be found within the COM
pass of the globe.
s.Cnrp r,1p,spa one nf the civilizations of
the world, is a necessary element in the
in the prosperity and the
of our country. 1t must be
fostered first by the freest competition
between our own people in all home en-
terprisess securing for them untram-
meled advancement, and second, by the
freest competition between the inter-
nal freight lines from and to the sea-
board, securing the lowest practical
freight rates to the ocean for all kinds
of products.
Il venture ito affirm, however, that
something remains to be desired in
these two particulars l mean in re-
spect to just laws and the spur to free
The laws are not just
which burden the many to the end that
favorites may grow fat, as in the case
under our so-called protective tariff;
and when monopolies are suffered to lay
their hands on the throat of individual.
enterprise, the spur of free competi-
ton is blunted if not destroyed.
The tariff HAS been one prolific source
of monopoly, and the monstrous mis-
use of the franchise giving power an
other. Our iron, steel, coal and sugar
trusts may be taken as examples of
what the tariff has brought to pass,
while in the consolidation of our rail-
roads, gas companies, electric light
we have illustrations OF
what has been and is being accom-
plished under the legislative power to
bestow valuable public rights upon pri-
vate corporations. Into the details or
our existing tariff I shall not enter at
present, but I shall challenge any of
its supporters to name a single consid-
cradle branch of industry over which
its so-called protection has been ex-
tended which is not now controlled by
a confederacy of conspirators against
Judge Van Wyck read statement
from the Journal of Commerce rela-
tive to the great growth of trusts and
of capital in the last
year. 1t showed that the immense
had increased from 100
in number to 353, and have issued stock
to the amount of $5,11S. 100000. and
bonds aggregating $714.3S9,OOO. This 1t
tod f,pr1f n-