The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1900-04-20

THREE YEARS OF REPUBLICAN
RULE.

RULE.
Globe Democrat: The three wears
which have passed since the Republi-
can party returned to the control of
the government represent greater
improvement in the condition of the
country than has ever been shown in
any other equalsperlod in the history
of the United States. At the time of
President McKinley's Inauguration
on March 4, 1897, the country had iu st
seen sales of S262, 900, 900 of bonds to
replenlsh the treasury gold fund.
with the hope of keeping the reserve
up to the SlO0, 900 ZOO, mark, but this
hope was vain, as the fund was
below that line, notwithstanding the
immense burden (which was placed
upon the people by this addition to
the Understanding obligations of the
government. a severer business con.
vulsion than the country had seen
since 1873 had just taken place. and
many of the effects of that calamity
were still visible Mills and furnaces
were closed all over the country.
Millions of wage workers had been
thrown out of employment. The
financial credit of the country had
dropped to lower level than had
been touched since the last DAYS of
the administration of President
Buchanan, when tue government had
been unable TO float small loan
though the discount ON the bonds
which we've offered was equivalent TO
an interest of about II per cent.
All this was quickly changed after
the Republican party entered power
on that March day in 1897 The gold
reserve which Cleveland ard the
Democrats were unable to keep up to
the 100000, 600 line even by the sale of
S262, 900, 900 Of bonds, now amounts to
S239, 900, geo and is going upward, and
IL has been higher than that i'm recent
months Tue output Of the furnaces
and Of the iron, steel aud Tex lie mills
of the country is far higher than it
ever was in the past. The clearings
of the banks ore greater than they
ever were previously. No SUCH rail
road earnings were ever dreamed of
before as those which are being rolled
up at this moment. In every great
field OF industry wages have been ad.
vanced in the three years which have
passed since the Republican party
resumed control of the government.
Fewer idle persons are i'm the country
at the present time than was ever
known before. The nation has
reached height of prosperity never
closely approached at even the best
times i'm the past.
While all these changes were under
way there were improvements fully
as notable in other directions. The
boundaries of the country in the past
few years have been pushed out hun
dreds of miles toward the south and
thousands of miles toward the west.
The country's friendship is sought so
assduously by all of the great nations
of the world that scarcely IA week
passes without bringing "A report from
some Democratic paper or politician
that the country has entered into an
al lance with England, Germany or
some other great power. We have
gaind field for the commerce of the
world in China through the applica-
tion of the open door that England
had been seeking in vain for years.
This is one of the greatest. triumphs
of civilization which the century af-
fords, and is sure to he of immense
service in commercial and indus
trial way TO the United States through
the markets which it will open TO
this country in the vast Chinese EN-
pire. Through the operations of the |
feature Of the goln stand
ard bill which is soon to go in opera
ton the government will be getting |
money at the rate of 2 per cent, which
is a lower rate of interest than that on
which any other country in the world
could make a loan. Our financial
credit and political prestige are far