The Morris County chronicle. [volume] (Morristown, N.J.) 1877-1915, 1900-09-14
M'KINLEYS ACCEPTANCE.
Continued from First Page


The Chicago platform Of 1896 is re-
affirmed in its entirety by the Kansas
City convention. Nothing has been
omitted or recalled, so that all the perils
then threatened are presented anew with
tho addAd force Of deliberate reafirma-
ton. Fonr years ago the people refused
to place the seal of their approval upon
these dangerous and revolutionary poll
cies, ana this year they will not fail to
record again their earnest dissent.
Faithful to Tarin Traditions.
The Republican party remains faith
full to its principle of tariff which sup
plies sufficient revenues for the govern
ment ana adequate protection to our en-
terprises and producers and of reciproci-
ty which opens foreign markets to the
fruits of American labor and furnishes
new channels through which to market
the surplus of American FARMS The
time honored principles of protection and
reciprocity were the first pledges of Re-
publican victory to be written into pub
lie law.
The present congress has given tc
Alaska territorial government for
NhiNh II Adu wall ulbTc Iudu u QudE~
ter of a century, has established a rep
resentative government in Hawaii, has
enacted bills for the most liberal treat
ment of the pensioners and their widows
and has revived the free homestead pol
icy. In its great financial law it pro-
vided for the establishment of banks of
issue with a capital of $4,000 for the
benefit of villages and rural communities
and I,t1
BILE business in banking within the reach
Of moderate capital Many are already
availing themselves of this privilege.
The COuntry's Prosperity.
Our industrial and agricultural condi-
tons are more promising than they have
been for many years, probably more so
than they have ever been. Prosperity
abounds everywhere throughout the re-
public. | rejoice that the southern as
well as the northern states are enjoying
full share of these improved national con-
ditions and that all are contributing SC
largely to our remarkable industrial de-
velopment. The money lender receives
lower rewards for his capital than il it
were invested in active business. The
rates of interest are lower than they have
ever been in this country, while those
things which are produced on the farm
| and in the workshop and the labor pro-
ducing them have advanced in value.
Our foreign trade shows a satisfactory
and increasing growth. The amount OF
our exports for the year 1900 over those
of the exceptionally prosperous year Of
1899 was about 100000 for every day
Of the year, and these sums have gone
into the homes and enterprises of the
people, There has been an increase Of
over $50,000,000 in the exports Of agri-
| cultural products, 500, 692, go in manu-
features and in the products of the
mines of over $10,000,000. Our trade
| balances cannot fail to give satisfaction
| to the people of the country. In 1893 we
sold abroad $615, 432, $40 of products
more than we bought abroad in 1900,
| 1928, 874 ,S13, and in 1900, $544, All, 701,
making during the three years a total
balance in our favor of 81 $3.50, ITO, 100,
nearly FIVE times the balance Of trade In
our favor for the whole period of 108
years from 1890 to June 80, 1897, inclu
sive.
-Four hundred and thirty-six million
dollars Of gold has been added to the gold
stock of the United States since July /,
| 1896. The law of March IA, 1900, au-
thorized the refunding into 2 per cent
bonds of that part of the public debt rep
resented by the per cents due in 1908,
the per cents due in 1907 and the per
cents due in 1904, aggregating $40, 0O0,-
900. More than one-third of the sum of
these bonds was refunded in the first
| three months after the passage of the
act. and on Sept. l this sum had been in
creased more than $50, 100000, making
in all $3.50, 578,050, resulting in a net
saving of over $S,379,5 500. The ordinary
receipts of the government for the fiscal
year 1900 were $40, 527 900 in excess OF
it's expenditures.
The Boer-British War.
In the unfortunate contest between
Great Britain and the Boer states of
South Africa the United States has
maintained an attitude of neutrality in
accordance with its well known tradi-
tional policy. 1t did not hesitate, how
ever, when requested by the governments
of the South African republics, to exer-
else its good offices for a cessation of
hostilities. 1t is to be observed that
while the South African republics made
like request of other powers the Omitted
States is the only one which complied.
The British government declined to ac-
cept the Intervention of any power.
Ninety-one per cent of our exports and
imports are now carried by foreign ships.
For ocean transportation we pay annual
ly to foreign shipowners over $165, 000,-
600. We ought to own the ships for our
carrying trade with the world, and we
ought to build them in American ship
yards and man them with American
sailors. Our own citizens should receive
the transportation charges now paid to
foreigners. | have called the attention