Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-11-13
BUSINESS
PRO IS.
Henry, C,lews.1

tons on which the people had to pros
nounce their verdict We're OF unusual
The quality of the nations
money, the pow ers of the United States
supreme court In the preservation OF
public order, the liberty of corporations
respect to the exercise of their powers
and the authority of the federal governs
ment in relation to conquered states
these are the main issues on Which the
elections have turned. 1t is a matter OF
profound Subtraction that they have
been disposed Of by a verdict comprising
nearly two-thirds of the voting popula-
ton. The magnitude of the majority
makes the result of the elections virtu-
al flnality upon these much and earnest
ly debated questions; and. to that ex-
tent, the country is delivered from an-
cry and threatening divisions which
have stood In the way of public confi-
dence and domestic harmony. We
seemed to have reached a parting OF
the ways in respect to policies that
must determine the political future of
the nation; and the hearty agreement
of such large proportion of the peo-
pie upon a basis Of settlement means dos
nestle peace and the strength that goes
with harmony of public sentiment.
AN this means something much more
substantial than a transient gratitlca-
ton of the exciting continent of victory.
II amounts to a great achievement in the
consolidation of the republic. II is step
forward in the maturing OF our form of
government. lt6is a great law-making
edict. done directly by the people and
Establishing precedents that may stand
for generations as bases OF national law
the horizon controversies which have
suggested misgivings as to the unfold
|ings of our national destiny. For these,
with other reasons, the election of 1900
is one Of the most pregnant in our ma
ticnal history. 5outcomess are exciting
profound interest among the statesmen
and financiers of Europe. They accept
1t as another evidence of the self-gov-
lerning ability OF the American people,
about which they have 40 long professeo
TO have serious distrusts: and are COM
PEELED to acknowledge that our 76000,000
Iof plain commons sense citizens may be
trusted to construct the greatest nation
of modern times with wisdom and popu-
Han. harmony.
The practical significance of all this is
mot YET fully realized in the public
mind. The almost unprecedented trans
actions on the stock exchange and the
large advances in the prices Of securl-
.ies express only the first appreciation
of an event that Is instinctively per-
ceived 10 be of the first Importance. The
after-thouglt viii attach stil higher
Importance to the red-letter event OF
last Tuesday. 1t VIII be felt to mean
much more for our national credit than
is a present realized. when ii is fully |
that tn. gold basis has re-
}ceiyed a popular endorsement, which adj
inits of no reversal. and when it is un-
3Gerstood that the new congress may be |
trusted 10 Still further confirm public
confidence by enactment that Will conn
plete the reconstruetionSo of our currency
system. IT will also be found to mean
something that the great mass of new
corporate securities issued within the
last two years will not be subject to fac
stious party legislation intended I o serve
mere political ends and crafty Ignorant |
pppIlistic tendencies. The probability If
that congress Will recognize the virtual
impossibllity Of lis doing anything ef-
feetiye towards regulating these new or
ganizations and will leave them to
strand or fad on their intrinsic merits
and on their ability TO meet the scompe-
pearng. Under their new conditions
these coropratfons have sought TO evadc
and exiinguish competition; slgna are
mat wanting that, on the contrary. they
viii prove 10 have encouraged ii. The
truest policy will prove to be that Of
leaving it TO self-adjus.ment and 10 the
legal equation that iss provided under
common law.
The election leaves the Philippine sit
uation TO be dealt with by the preslden;
andicongres's. When the people voted,
they knew tle position Of Mr.. Mckinley
and his party On that problem: and il is
therefore to besexpected that the settle
ment viii be pressed TO an early end.
wharver force or OUTLAWS that course
may involve.
The result of the election is such az TO
cause the deepest satisfaction to those
Who llaye8the best welfare of the coun-
try at heart. 1t is an uneauivoeal no.
|tice TO the world that national honor
and Integrity and love Of Law and or
der 60 hand In hand in the United
States. Confidence is settled upon
rock ribbed foundation. and buslness is
under such an impetus as will produce
phenomenal prosperity
We stand almost upon the threshold of
"a new century, With the most brilliant
national prospect before US. Our cur
rency basis is beyond question, trade
balances are imnleneely in our favor
and our manufactures are commanding
the markets OF the world The education
Of our people In sound financial and
business principles during the last four
years Is bearing, We may say, its natIr-
lad fruit. This popular acquaintance with
elemental principles will beyond doubt
prevent any recurrence of dangerous
theories in the conduct Of public affairs.
1t is not an experiment to give Mr., Nc
kinley a second term, because We havel
all had the gratifying experience Of good
times during his first term. whereas. II
would have been q very grave expert
ment to have elected the opposing cam
didate, an 1t would have destroyed all
confidence, which IL the essnetial foun-
ldationSof prosperity in this or any other
nation. Mr.. Mckinley second term will
l5not be unlike the voyage Of one Of our
magnificent ocean steamships with well
tested engines and the rudder capahlys
land wisely steered; whereas, II Mr.
| Bryan had been elected. ! fear the snip
| of state would have been like that came
magnificent floating palace In mid
ocean. machinery broken down, without
ttea