Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1900-07-04
CURRENCY,
EXPANSION
Speech Of Senator Wolcott on the
Two Great Issues Of the
Campaign.
NO GOSPEL OF A LITTLE AMERlCA
These United States Will Not Be
Classed With Mexico and
China.

The magnificent speech Of Senator T..
o. WUlcott, Of Colorado, in taking the
post OF temporary chairman at the
Philadelphia Republican convention, is
too long to permit of publication, but that
his great effort may not be entirely lost To
our readers We publish the following sx.
csrpts relating to currency and expansion,
which promise to be the leading issues of
the campaign. Ed
The campaign Iour years ago was fought
on the currency question. The Populist
Democracy insisted that the Z tied States
alone should embark on the free coinage
silver at the ratio Of l6 to /, without wait.
The Republican party insisted that the
question Of himetallism was international,
and that until il should be settled under
agreement with the leading commercial ma.
tions OF the world. gold should continue to
be the standard OF value in these United
States. Upon this issue we triumphed.
In accordance with the agreement OF the
party au honest effort was made to reach
some international solution OF the quss.
tion. The effort failed Of accomplishment.
The mints OF the countries OF Europe were
open for the coinage OF gold alone. The
vast discoveries OF Alaska, South Africa
and our own country have furnished a
steadily increasing volume OF gold, and,
with the recent European action, has dem
onstrated that the question is one calm /.
for international action by all the great
countries OF the world, and, II ever entered
into, must be by such concurrent action
OF the leading commercial nations as shall
secure permanence OF relative value to the
two metals. Meanwhile we follow the path
OF safety. As we grow year by year more
firmly established as creditor nation, the
question concerns US less and other coun.
tries more. No impairment Of national
credit can be contemplated by an honors-
BILE nation. We have made advances
enough; this country can better afford
than any other to enter upon the contest
Of comercial supremacy with gold rs it's
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, TO.
gether with the attempt OF the Democracy
to drag down the question from it's inter-
national character, to associate it with
every vagary OF Popuism and socialism
and to drive this country to an alliance
with Mexico and China, as an exclusively
silver using country, HAS impelled our
people to this settlement OF this problem,
and the recent action OF congress has elm.
mated the danger which it's further agita.
tion menaced.
The provisions Of the bill secure to the
people needed increase in the volume OF
the currency, prevent the further depletion
OF the gold 10 the treasury and encourage
a more extended use OF our bonds by the
national banks ~ the country. Butab
all the success attending its passage has
demonstrated that our own people aud
the nations Of Europe have faith 10 the
psrmanei U UIr in-iitGtiuns and our
finateial ntegriiv. our debt is funded at
two per cent per annum and millions Of
our Interest charge ~ ved annually. The
world hhs never witnessed so triumphant
financial success Ms has followed the pas.
sage Of the currency law, and our two per
cent bonds, held the world over, already
conmand asubstantisl premium. Through
the policy OF the Republican party and the
wisdom Of a Republican administration
we have not only made stable and perma.
nent our financial credit at home and
abroad, are utiliz ng mere silver as money
than ever before in our history, but we
have left the Populistic Democracy . dead
issue they can never again gslvauize into
life, and compelled them TO seek to create
new tissues growing out OF a war which they
were most eager to prseipitate.
May ]. q western man, add another
sord2 The passage Of this bill which re-
csived the vote OF every western Republi-
can in congress-, marked the termination,
forever final. OF any sort OF difference be-.
tween the Republicans Of the east and oi
the west, growing out Of the currency
problems. Even II the stern logic oievents
had net convinced US our deep and abid.
ing loyalty TO the principles Of the party,
our belief that the judgment OF its maiori.
ty should govern, would lead US TO absn.
don further contention. And the thou
sands Of Republicans in the west who left
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 darkens their
homes as we'll. They are naturally expan-
sionists in the western plains and noun.
tains, and when they see great political
party attacking the integrity Of the nation
and lending encouragement 10 insurrec
tionists who are shooting down our rol.
CA. = To7 Ia