Mexico Missouri message. (Mexico, Audrain County, Mo.) 1899-1918, 1900-01-25

upon il the power to expand or con-
tract the volume of our circulating
medium at will, a power too vast and too
dangerous to be Entrusted to any priv
ate persons or to any corporation what
soever.
Here are the exact words of his mes
sage. They constitute his latest utter
ance. He says:
In Its earlier history the national banking set
When nee{iul ' additions to the circsissisa
could from time 70 time be made. ChanginG
conditions have apparently rendered ID nov
bond securities required resulting from largo
premiums which Government honda comnaea
In the market, or the tax on note issues. or
both operating together, appear 70 be the m
huencss which impair It's public utiitsy.
The attention Of Congress- In Respectfully In.
vited 70 this important matter With the visx o.
ascertaintng whether or nut such reasonable
notifications can be made 10 the national
banking act rs will render lbs service In the
particulars here referred to more responsive 70
the peoples needs. again urge that national
banks be authorized 10 organize with csptesi
urgently recommend that 10 support Ne
existing gold standard, and to maintain the
parity In value Of the two metals tqold ans
silver and the equal power Of every eve So,sa -
Additional al power ana charged wisn shs aus, e
sell United states bonds and TO other eesestss
means as may be necessary to these enda.
The authority should Include the power to
sell bonds on long and short time, - eondit,one
| interest lower than that nxsd by the act Of
January H. 1875. While there 10 now no COM
mercial fright which wishdraws goia from me
Government. but, on the contrary. such vice.
spread conddenoe that gold seeks the Treasury
demanding paper money In exchange, vet tne
very situation points to the present ~ sns ~ -
ntting time 20 make adequate provfsiep 70 u.
sure the continuance OF the gold stapoAro hno
Of public confidence In the ability ana purpose
In the money which the civilized world roceG..
D lies rs the best. The financial trapsActtons cs
the Government ere conducted upon . so'o
basis.
bonds and use gold for their payment we arr
maintaining the parity OF all the money issS So
or coined by authority OF the Government We
are doing these things with the means M hanN.
Happily At the present time We are not cco-
PEELED to resort to Loans to SUPPLY sS'a NAV ssys
to he done In the future. 1t behooves us thefe.
fore, TO provide At cnce the best neans 10 mees
means are those which are most certain end
econ omical. Those now authorized have the
virtue neither Of directness nor economy.
We have already eliminated one OF the causes
OF our financial plight and embarrassment our
ing the years 1893, 1874 i~e ana 1870 ous
receipts now equal our expenditures; asnci"ns
revenues no longer create alarms. Let u
remove the only remaining cause by conferrtne
the full aud necessary power on the secretary
OF the Treasury, and impose upon him the GUY
60 uphold the present gold standard and pre-
| serve the coins OF the two metals on parity
with each other. which s The repeatedly
| declared policy of the United States.
In this connection l repeat INV former recon-
| mcndations that portion OF the gold holdtngs
shall be placed In trust fund, from which
green backs shall be redeemed upon presents
| too. but when once redeemed shall not there-
after be paid out except for gold.
have no unkindness in my heart
toward the President. repeat now -
this distinguished presence. what !
have said repeatedly elsewhere, that
he is gracious, graceful, tactfui,
az reeable gentleman. As a Presideu-
tial politician he ranks with Martin
Van Buren, and Abraham Lincoln.
He is never in advance of his party.
He never lags behind it. He keeps
abreast of it. His finger is constantly
on tho Republican pulse; his ear close
to the Republican heart to catch its
every throb. His position may always
be safely taken as the position of the
Republican majority.
| SO far as | know, he il the only oc-
cupant of the White House that ever
by an oratorical tour elected enough
of his party to the House of Represen-
tatives TO change into a majority what
| would otherwise have been minority.
| With consumate skill he converted
! popular tutnuSid shl IoI HID niSh posi-
ton to partisan advantage, perfor.
nance which can be complained Of, II
at all, only OH grounds OF taste.
! Whether to his swing around the
circle" may be applied the old Latin
dictum' de gustibus non est disbutan-
DUN" shall not now undertake to say.
| / assume that the President spoke
and volcd his honest sentiments when
voting and speaking for silver in the
years agone and that he voices his
honest sentiments now in urgently
recommending" Congress to legisiate
in support of the single gold standard.
but surely the evolutionary process IN
his case has been as miraculous and
radical, if not as swift, AS that of Saul
of Tarsus, who began his religious
career by pernecuting the early Chrs.
tians and ended by becoming the chief
propaganda of their faith for from
his official coignc Of vantage the Pres
idcnt speaks AZ one having authority
at least to ma jority of this House,
aud have no doubt, to a majority OF
the other House.
~ urgently recommend that TO sup
| mort the .xistinp ipiI Standard etc .,