The times. [volume] (Washington [D.C.]) 1897-1901, 1900-06-20


I'VE shall meet it in some efficient way
and, as party, shall have the courage 10
protect every class of our citizens. There
| was never a better time to deal with ii
than now, when there isn't in this broad
| land man willing to work who doesn' t
| find employment at fair wages, and when
the clamor of the agitator who seeks con
fiscation and not regulation, falls on dead
ears and finds no response from the arti-
| sans in our busy workshops.
The Currency Question.
"The campaign four years ago was fought
on the currency question. The Pcpulstic
Democracy insisted that the United States
alone should embark on the free coinage
CT silver at the ratio of 16 to l, without
waiting the concurrence Of any other ma
ton. The Republican party insisted that
the question of bimetallism was interna-
| tional, and that until 1t should be settled
under agreement with the leading COM
mercial nations of the world, gold should
continue to be the standard of value III
these United States. Upon that issue we
triumphed.
In accordance with the pledge of the
party an honest effort was made to reach
some international solution Of the question.
| The effort failed of accomplishment. The
minis of the countries of Europe were
! open for the coinage of gold alone. The
vast discoveries of Alaska, South Africa,
and the States of our own country, have
| furnished steadily increasing volume of
| gold, and. with the recent European &C
ton, have demonstrated that the question
| Is one calling for international action ny
| all the great countries of the world, and,
| if ever entered into, must be by such con-
current action of the leading commercial
| nations as shall secure permanenee OF
/ rQ1 tn fhn fyr,n col
| while we follow the path of safety.
As We grow year by year more firmly
| established as a creditor nation, the ques-
ton concerns US less and other countries
more. No impairment of national credit
can be contemplated by an honorable ma
| ton. We have made advances enough;
this country can better afford than any
| other country to enter upon the contest for
commercial supremacy with geld as its
standard, and for us the time has come
to give fair notice to the world that we,
too, make gold our standard and redeem
our obligations in that metal. For twelve
years the platforms of the party have de-
clared in favor of the use of gold and
silver as money. The logic of recent
events, together with the attempt of the
Democracy to drag down the question from
its international character, to associate 1t
with every vagary of populism and social
lance with Mexico and China, as an ex-
ciusively silrer-using country, has i'm
PEELED our people to this settlement Of this
problem, and the recent action of Congress
has eliminated the danger which it's fur
Their agitation menaced.
THE provisions of the bill secure to the
people a needed increase in the volume of
the currency, prevent the future depletion
of the gold in the Treasury, and encourage
cd nf lnp Nv .,
national banks of the country. But. above
all. the success attending it's passage has
demonstrated that our own people and the
nations of Europe have faith in the per-
manence of our institutions and our finan-
cial integrity. Our debt is funded at 2
per cent per annum, and millions of our
interest charge saved annually.
THE world has never witnessed so tri-
umphant financial success as has fo,-
lowed the passage of the Currency law,
and our per cent bonds. held the world
over, already command a substantial
premium. Through the policy of the Re-
publican party and the wisdom of Re-
publican Administration We have not only
made stable and permanent our financial
credit at home and abroad. are utilizing
more silver as money than ever before |
in our history, but We have left the popu-
listic Democracy a dead issue they can |
never again galvaniZe into life, and COM |
PEELED them to seek 10 create new issues |
growing out of war which they were |
most eager TO precipitate.
East and West United.
MAY /, a Western man, add another |
word? The passage Of this bill, which re-
ceived the vote of every Western Repub
lican in Congress, marked the termina-
ton, forever final, of any sort of difference
49,,
the West, growing out of currency prob
lens. Even if the stern logic of events
had not convinced us, our deep and abid-
ing loyalty TO the principles of the party,
our belief that the judgment of its ma
jority should govern, would lead US to
abandon further contention. And the thou
sands of Republicans in the West who lett
US four years ago are returning home. The
men of the far West are bone of your
bone and flesh of your flesh. The sun
that shines on you blesses them also, and
the shadow before your door darkeDs their
homes as well. They are naturally expan-
sionists in the Western plains and noun
tains, and when they see a great political
party attacking the integrity of the nation,
and lending encouragement to insurrection-
lists who ere shooting down our soldiers
and resisting the authority of the Gov
of the United States, all other
question fade and are forgotten, and they
find themselves standing shoulder to shouI-
der in the ranks of the Republican party,
keeping step, always, to the music of the |
Union
The War Revenue Burdens.
There is more to follow this summary OF
a few OF the leading measures passed by a
Republican Congress and approved by a
Republican President Before the expira-
ton of Mr.. McKinley's first term, we shill
have passed law relieving certain articles
from a portion at least of the burdens they
now carry because of the War Revenue |
act and meanwhile we have, out of sur
plus revenues, already paid and called in
for cancellation 100000 Of outstanding
bonds. The coming winter will see en-
acted into law, legislation which shall
-evivify and upbuild our ocean merchant
marine, and enable us to compete on fair !
erms with the subsidized ships of foreign !
nations which now so largely monopolize
The carriage of American goods. And,
above all, we shall. having then before us
he report of the able commission now as
:ertaining the most favorable route pass '
law under which we shall build and own |
md operate as property of the United !.
states under exclusive American domin- : :
on and control, ship canal connecting /.
he Atlantic and the Pacific. Through il ,
n time of peace the commerce of the
world shall pass. II we shall be unhappily -.
ngaged in war, the canal shall carry our
yarships and shall exclude those of the :,
nemy, and under conditions which shall !.
iolate no treaty stipulations. .
This is the brief account of our stew /.
rdship for four years. During portion .
# that period we were involved in a war !,
hat for time paralyzed business and !,
and would have taxed heavily =
he resources and credit of any other !,