The Portland daily press., 1900-06-27
ALLEN REHVHISAFED.



and sound, and win 30 oonflnne.
William J. Bryan and the Bryan adj
vocates Of the free and unlimited coin
are Of silver predicted all manner OF
evils. distress, likeness, chsap property,
low wagss, poverty. desperation and even
tained and became our financial policy.
I viii quote Mr.. Bryan's own words
In q speech at Minneapolis:
The gold standard means dearer mon
ey; dearer money means harder times;
harder times means more people out Of
more people destitute; more people desti-
tufe means more people desperate; more
people desperate means more crime"
4 Has this dire and melancholy prediction
On the contrary, By the enactment Of the
Dfngiey law, the maintenance Of the
gold standard and the giving Il the vital
Fly OF law, with n sound cnrrrncy and
enough OF It, American capital and
American labor are most usefully EN-
pioyed, . and agriculture, commerce and
manufactures flourish together. and the
whole American population is sustained.
Instead OF the reality of Bryan's doaeful
prophecy, money has been more plenty
and cheaper, property has Increased In
value. times have BEEN better, more ,ree-
pie have been nc work, less people haxe
been destitute, and none Of the people
have had occasion 10 be desperate or COM
nit crimes on account OF the gold stand
ard.
Under our Republican financial policy
gold coin as currency has wonderfully
Increased In the last few years. In, 1879
we had in the United States si35, 600. go
In gold money OF course not then In
circulation, as we had not resumed
special payments; but In 1900 we have
more than 81, O40, o03, O00--seyen times as
much as "a years ago. In 1873 only about
rant rf nj mr. QUKprnmput n
ey was gold. but In 1900 more than 20 per
cent. Of the total amount Is gold. In
1900 we have in circulntionNbou - ,075,
OOO, 900 OF money, including gold. silver,
government paper and national bank
notes, and more than one-third OF this
amount Is gold. On June 1, 1900, accord
ing to the circulation statement OF the
treasury department., the general stock
of money in the United States was y, S3I,
80, 80, and Of that amount 81 o4l ,5S1, y74
was gold (including the bullion In the
treasury.
Thus, you see. gentlemen, the Rspubli
can financial policy has been wise, sue
csssful and beneffcent; that our money is
all as good as gold, and viii remain IN,
and that the gold standard can and nti
be maintained.
As we Join ii issue with Bryan and his
party in 1896, we challenge them TO re-
affirm the Chicago platform and declaIe
again for the free and unlimited coinage
OF silver at 10 to |; silver at that ratio |
is worth 80 cents on dollar In the mar
to declare against the gold standard, |
against our protective tariff law, and our |
national banking system. We viii meet !
the issue and rejoice in the triumphant
Endorsement Of our policy In November
next.
But while the qu estions OF tariff and
currency We're paramount in 1896, and
will always be important when raised,
because they affect capital and labor and
general business prosperity, others have
arisen and require solution. In lSsS, we
had a war with Spain for the liberty Of
Cuba from Spanish tyranny. Every
American takes pride In the fact that In
that war and Its prosecution 20 victory
we had q united people. The Soutbs was
as patriotic as the North. Democrat and
Republican, the fighting little joe
Wheeler and 4'Teddy" Roosevelt marched
under the same starry banner. Party
strife was hushed and all Americans were
for the honor of the country and the flag.
The war accomplished more than ex-
pected, and perhaps too much for our po-
liitoal peace. Not only was Cuba made
free to set up, in due time, a govern
ment of her own. but Porto Rico and the
Philippine islands were coded by treaty
co the United States. In the last ses-
sion of Congress Porto Rico was provided
with a civil government, and viii soon,
We hope, be managing Its own affairs a.
an organized territory OF the United
States.
Our occupation of control and manage
ment of the Philippine islands, putting
down causeless instruction there
against ouri authority has caused oppo-
sition and severe criticism by our poiioi-
cal opponents, and we are accused OF i'm
peri alism and the subjugation OF n people
alleged to be entitled 10 seif-government
and independence.
Now what are the facts? We took those
islands by treaty and cession, in pay
ment of So, 000, 100. Spain withdrew and
we took possession OF our own. A por-
ton of the misguided and misled people
began an Instruction. The President,
using his power, undertook, as was his
duty to suppress the insurrection and
hs has done it. Is that imperalismi
Then we are imperfalists, whenever We
u idertake to put down armed resistance
sainst the authority OF the United
States,
Does this language OF the President,
in his message TO Congress last Deoem-
Der, sound like imperialism
Until Congress shall have made
known the formal expression OF its will
l shall use the authority vested In me 10y
the constitution and the statutes to up
hold the sovereignty of the United States
in those distant islands, as in all other
places where our flag righftully floats.
the waste places desolated by war and by
long years of misgoyernment. We shall
not wait for the end OF the strife TO begin
the beneficent work.
I'VE shall continue, as we have begun,
to open the schools and the churches, 20
set the courts in operation, to foster In
dnstry and trade and agriculture, and In
every way in our power to make these
people whom Progidence has brought
within our jurisdiction feel that it Is
their liberty and not our power, their
welfare and not our gain, we are seeking
To enhance. Our flag has never waved
over any community but in blessing. l
believe the Filipinos win soon recognize
the fact that it has not lost its gift of
benedietion in jts worldwide journey to
their shores"
lis this the language Of an imperiaiist
or of imperialisms IL SO, II Is gold Amer
icanism and good Republicanism.
But the question is, what shall we do
in the Philippines and with those distant
islands of many tribes and alien races.
shall we hold and govern them or eyacu-
ls.saxys aAall hold fhsaEsl