The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-11-05
ALIITE +.

: party believed in botn the man and the
dollar. but that in case of conflict at be
lieved in the man before the dollar.
In one of his early messages to Congress
Lincoln warned his countrymen against
the approach of monarchy, and said that
his alarm was caused by the attempt TO
place capital upon an equal footing with,
If not above. labor in fine structure of
government. Now the Republican party
seeks to settle every question upon Il
financial basis. The dollar mark is plain
ly stamped upon every modern Republi-
can policy.
Lincoln signed the bill which provided
| for a graded income tax; in the Fifty
third Congress the Republican, party
voted against an income tax.
The Republican party created the
greenback: now it is planning to destroy
the greenback.
When the war closed Lincoln began to
plan to make the payment of the ma
tiona. debt easier by increasing the vol
ume of money available for the payment
of debt. In Raylnond's life Of Lin
coin" published in 1865. the Presidents
mews are set forth as follows:
Nothing can indicate more clearly the
citation of mind with which the President
regarded the future of the country, HOW
tnat it's safety had been assured, than
the language he addressed, III a conyersa-
ton at this interview, to MIR. ColfaX,
who was ut this time preparing for a
journey overland to the Pacific coast.
Said he: .Mr. Colfax, i want You to
take a message from me to the miners
whom You visit. / have very large ideas
" the mineral wealth of our nation
believe it practically ineXhaustible. lt
abonnds an over the Western country,
from the Rocky Mountains to the Pa
citic. and its development has scarcely
commenced. During the war, when we
were adding n couple of millions OF dol
lars every day to our national debt, |
did not care about encouraging the IN
crease in the volume of our precious
metals. We had the country TO save
first. But now that the rebellion is over
thrown and we know pretty nearly the
amount OF our national debt, IlEiE
MORE GOLD AND S1Ila4lR WE
NINE. WE MAKE THE PAYMENT
or THAT DEBT SO MUCH THE
EASIER. Now said he, speaking with
more emphasis, i am going to encourage
that in every possible way. We shall
have hundreds of thousands OF dis
banded soldiers. and many have feared
that their return home in such great
numbers might paralyze industry by
furnishing suddenly a greater supply Of
labor than there would be demand for.
am going to try TO attract them to the
hidden wealth Of our mountain ranges
where there is room enough for all. lm-
migration, which even the war has not
stopped, will land upon our shores nun
tlretls of thousands more per year from
overcrowded Europe. | intend to point
them to the gold and silver that await
them in the West Tell the miners for
me that / shall promote their interests
TO the utmost of my ability; BECAUSE
THEIR PROSPERITY is THE
PROSPERITY OF THE NATION;
and said he, his eye kindling with en-
thusiasm, we shall prove in a few years
that we are indeed the treasury of the
world
The Republicans are now endeayorlng
to lessen the volume Of money avail
able for the payment of debt by limiting
the payment to gold alone
LINCOLN ON EXPANSION.
On the Philippine question the position