The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1900-07-27
ABLY OUTLINES \ F.
:>fFHE SITUATION I t
SENATOR NELSON ADDRESSES
THE NATIONAL LEAGUE
Summarizes in Telling Manner Records of Re-
publican and Democratic Parties-Shows
How and Why People Placed Con-
tidence in the Candidacy of
William Mckinley
AND THEY WILL Be FOR MCKINLEY AND ROOSEVELT
LIGHT ON phi llplnF Ann 1RllHT pRnplENc
and THEY WILL Be FOR MCKINLEY AND ROOSEVELT
LIGHT on PHILIPPINE AND TRUST PROBLEMS

Senator Knute Nelson OF Minnesota ad-
dressed the opening session Of the ma
donal convention OF Republican league
clubs. He gave a mastery review OF the
events since the last presidential cam
paign and presented a clear and concise
comparison OF the records and aims Of
the Republican and Democratic parties
during. those troublous times. He said:
I'm 1902 the American people. In the
midst OF prosperity and good times. under
the promise and with the expectation of
still greater prosperity and still better
times. saw At to take the administration
OF national affairs from the hands o.
The Republican party and place 1t In the
hands OF the Democratic party.
ION March 1. 1893. the Democratic party
mad, for the first time since 1851, full
control OF the government. both through
the executive ard the legislative depart
ments. The reforms and measures Of re-
lief promised by the Democratic party
In lo92 were, In performance, confined
chiefly to two schemes: The enactment
OF the Wtlson-GOrman tariff law and re-
placing all Republican officials with Dem
ocrats and fastening the latter on the
public service permanently by an ex-
tended application Of the civil service
law.
In the wake Of the Democratic admin
istratton-speeded. aggravated and swollen
oy lt-came the industrial and financial
panic and stagnation of 1893 and the three
following years. Neither the change Of
oHceholders nor the WILSON, German law
furnished relief nor proved a palliative.
Inc law, instead Of relieving, measure
ably intensified and prolonged the in
oustrial stagnation. and by failing to fur
nlsh suficiency Of revenue was largely
instrumental In bringing about the great
gold withdrawals from the treasury in
1o93-4-5, which led to the great financial
panic and congestion during that period
ana forced President Cleveland, for the
purpose OF maintaining the integrity of
our currency and Of securing the neces-
sary revenue for the wants of the gov
eminent, to increase our bonded indebted
ness to the extent Of $262, 900, 900. The
only legislative palliative afforded to stay
the panic and uphold the credit of the
government was the law repeating the
silver purchasing clause OF the act of
1871. and the passage Of this law was &C.
complished through the efforts of a united
Republican party and few Democrats,
VINO arose to the occasion and were
greater than the main body of their
party. With this law and abundant
revenue there would. In all likelihood
nave been no occasion to make such ex-
tenstve loans, but with deficiency of rev.
enue loans were inevitable and neces-
slty for the vitality of our currency
And 1t was only because of the existence
or the reminding and resumption acts on
the statute books. passed by the Repub-
hcan party In congress, that these loans
could be made. The Republican party
can claim the credit for these acts and
Tor the act OF 1883. repeating the pro-
vision Tor the purchase of silver, and It
was with these Republican weapons that
Cleveland was enabled to partially stav
the financial panic. to maintain our cur
rency on parity with gold. and to pre-
vent the country from falling into a
state OF silver monometallism But in
all MS EFFORTS In this direction he neither
mad the support nor sympathy of his
party or Its leaders in congress.
-Four years ago. though then slightly
convalescent. we were still suffering from
tho effects OF
The Hard Times
which had come upon US and had been
with US since 1893. There was still in
dustrial and financial stagnatlon: facto-
ries and furnaces, mills and shops, were
still closed or on reduced time Laborers
and employees we're still idle or working at
reduced wages and reduced hours. Money
was still scarce in active use. and was in
hiding partly for lack of profitable in.
vestment but chiefly because OF the dread
oil
consequent financial ruin.
1T was at this juncture and under these
conditions that the Democratic party
again offered its services to the country.
and 1t offered as the ure-all for the in
dustrial and financial distress then pre-
vailing the remedy of the free and unlim-
tied coinage of silver at the ratio Of 1G
to I. without regard to what any other
country might do In the premises.
ION this subject. as we'll as on the tariff
question: the Republican party took is
sue. and maintained that the only way in
which the financial and industrial distress
could be relieved and prosperity restored
was by tariff law affording adequate
protection and adequate revenue and by
financial legislation settling once for all
that our currency should. under all con-
OIIIOuS ouu a. al SlIucS, 10 maintained on
q parity with gold-the money standard
/of all the commercial and enlightened ma
tions of the world.
ION these issues the American people
found emphatically in favor of the Re-
publican party four years ago. and they
have had no occasion to regret their &C.
ton since that time. The financial and
tariff legislation which was promised by
the Republican party and which was so
necessary to restore confidence and PROS
perity to this country has been duly en-
acted. and the favorable results predicted
to flow therefrom have been attained in
even a greater measure than we could,
after such a nightmare Of distress. hope
for. Even before any legislation was
passed. the very fact that Mckinley had
been elected and that the Republican par.
ty was again in power. restored conf
dence, brought money into active use. and
revived business throughout the country.
Since 1906 all mills. furnaces. factories
and shops. which had remained idle or
been operated on reduced time during
Clevelands administration. have been
opened and operated at full time and to
their full capacity with no lack Of funds
at lower rate Of interest than ever before.
And ample markets at good prices have