The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1900-09-10

I 3
putations upon tham and imply that they
are seeking to grab part of the Chinese
| territory may be very natural TO the
Altgelds and the BradfOrds Of politics,
| but such things should not be digntf1ed
by q man like Richard Olney. / think
myself that in the future men Of all par
ties Will be inclined to say that on this
question the statement of Mr.. Olney's
colleague in the cabinet, Mr.. Wilson of
West Virginia, the author of the famous
tariff bill, that he found in the Presidents
Chinese policy much to commend and lit
tie to censure, viii come nearer the dis
passionate Judgment OF posterity than
chat which Mr.. Olney puts forward in the
heat of the campaign.
He also makes objection to the increase
of expenses in the army, the navy and
the diplomatic service entailed upon us
by our possessions and our new relations
with the rest Of the world; entailed by
what is called being a world power. 1t
s loosely said that we have become a
world power within the last four years,
We haYs been a world power for great
many years, We have been building up
a WOrldSpoWer from the day that the Dec
laratiOn of Independence was signed. We
are not world power by accident but by
the handiWork OF the American people.
Within the past fe w years very recently
we have made our power and our 1nt1u-
ence felt. The Issues OF the war were set
quereI and the men and minds which
had been absorbed in the United States
and It's development then began to turn
beyond the borders and see what interest
these great people had outside of their
own boundaries Who was the first man
to assert the world power of the United
States In these recent years, assert 1t so
that all the world took notice OF It'll?
4 Richard Olney. Who asserted 1t in the
Venezuelan messageS Richard Olney.
Who was the man that extended the dec
larat1ons OF the MunrOe Doctrine to a
point they had never been carried be-
fore? Richard Olney. And great glory
to him for doing it as 1 said then and as
/ say now, And not so very long ago he
was not SO much troubled about the In
creased expenses that were involved as he
is today. He wrote then "The United
States has come out of it's she'll and ceased
to be a hermit among nations natural
| ~ and prQperly-''It goes without saying
that the United States cannot play the
part in the worlds affairs 1t has just as
sumed Without equipping Itself for the
part with all the Instruments necessary
to make its will felt either through pa
/ cific Intercourse and negotiation or other
! force. Its diplomatic agencies therefore
must be greatly enlarged, strengthened
/ and improved while a powerful navy, up
to date in all points of construction, arma-
ment, general efficiency and readiness for
instant service becomes of equal necessi-
ty."
Wise words. Sound docrinel Why
should the utterer of that doctrine think
we are now in danger of increased dip
/ lomatic expenses?
But 1t is the author of those words; the
! bold exponent of that policy who makes
/ two capital points against the admins
tratiOn first that we have taken the Phil
ippines; second, that we have managed
them badly.
/ Mn V.oIc.o. Alov, 7feo,,r-
at great length the Philippine profile m,
the substance of which has previously
been published. The speaker said Mr..
Olney was too sane man to make any
talk about the end OF the republic and the
rise of empire and all that sort Of thing
which seemed more bentting to a patient
of Bedlam than sane man. Senate
Lodge did not see where Mr.. Olney's con-
sistency came in in arguing the United
States taking possession of Cuba and let
ting go the Philippines.
1T is easy enough, went on Senator
Lodge, '"to throw out paragraph in
newspaper and say that we ought not to
have taken the Philippines. We had to
take them after Dewey destroyed the
Spanish fleet" He then considered the
alternatives of the case.
:. AS theslast speaker, Chairman Allan in
PRODUCED Hon. Curtis Guild of Boston.
Mr.. Guild was warmly applauded.
MIX. GUILDS SPEECH.
After discussing briefly the question
OF expansion, Mr.. Guild turned his at
tention to Bryan and his theories. He
handled the Democratic leader withou
gloves and in doing so said in part:
Does Mr.. Bryan know anything about
finance? He knows enough to know that
a nation S finance is OF more Importance
than its foreign possessions lie has said
so.
-Four years ago, I quote from his book
The First Battle (page 204); Mr.. Bryan,
at Chicago, in the speech that secured his
nomination as the Democratic candidate
for PRESIDENT stated. 1--WE rep " that
when we have restored the money of the
constitution all other necessary reforms
will be possible, but that until this is
done there is no other reform that can be
accomplishment That there might be no
possible doubt Of his paramount life pur-
pose he added at Albany: "Jhe Demo
cratic partyhas begun a war of extermina-
tlon against the old standard. We ask no
quarter. We give no quarter. We shall
prosecute our warfare until there / not
an American Citizen who dares to advo-
cate a gold standard
need not remind you that a demand
for the free coinage OF silver at a ratio of
l6 to 1 IS in the Democratic platform for
1900 and that Mr.. Bryan within a fort
night in Iowa has said that he could not
look his fellow citizens in the face il he
deserted the cause of the silver standard.
How do Mr.. Bryan's theories of finance
compare with facts? He stated at Mime
apolis (page 550) 1.-The gold standard
means dearer money"
find that ordinary commercial notes
In August 1896, under the threat of free
silver, were quoted at and II per cent.
The rate of interest on them is now AZ
and 5 per cent, Call money in the same
time has dropped from per cent to ~
per cent. Money is not dearer, 1t is
cheaper
Mr. Bryan is, therefore, ignorant Of the
effect OF the money standard on rafes of