The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-20

THE TRUST QUESTION.
Whenever a Republican administration is
in power there is constant talk of trusts.
The reason isn't far to seek. Aggrega-
tions and combinations Of capital find their
only encouragement in prosperous days and
widening m Democratic admins
tration in this country has universally
meant industrial stagnation and CONNER
cial depression, when capital seeks a hid
ing place instead Of investment The Re
publican party has always maintained that
any combination having for its purpose the
cornering of a market or the raising or
controlling Of the price of the necessaries
of life was unlawful and should be pun
ished, and a commission appointed by the
President under act of Congress has made
careful investigation, and will soon present
a full report Of the best method of deal
ing with this intricate question. We shall
meet 1t in some efficient way and, as a
party, shall have the courage TO protect
every class of our citizens. There was
never a better time to deal with it than
now, when there isn't In this broad land
a man willing to work who doesn't find en-
ployment at fair wages, and when the
clamor of the agitator who seeks confsca-
ton and not regulation, falls on dead ears
and finds no response from the artisans
in our busy workshops.
The campaign four years ago was fought
on the currency question. The Populistic
Democracy insisted that the United States
"a 1lAOaAa tllbaA I'll thC LltC ma
CT silver at the ratio of 16 to l, without
waiting the concurrence of any other ma
ton. The Republican party insisted that
The question CT bimetallism was interna-
tional, and that unit. it should be settled
under agreement with the leading CONNER
cial nations of the world, gold should
continue TO be the standard of value Ia
these United States. Upon that issue we
triumphed. In accordance with the pledge
of the party an honest effort was made to
reach some international solution OF the
49, rI -
ment. The minis of the countries of Europe
were open for the coinage of gold alone.
The vast discoveries of Alaska, South At
RIGA and the States Of our own country
have furnished a steadily increasing
volume of gold, and, with the recent Euro
pean action, have demonstrated that the
question is ore calling for international
action by all the great countries of the
world. and, If ever entered into must be
by such concurrent action of the leading
commercial nations as shall secure perma-
nence OF relative value to the two metals.
THE PATH OF SAFETY.
Meanwhile we follow the path of safe
ty. AS we grow year by year more firmly
established as a creditor nation, the ques-
ton concerns us less and other countries
more. No Impairment of national credit can
be contemplated by In honorable nation.
We have made advances enough: this
country can better afford than any other
TO enter upon the contest for commercial
supremacy with gold as it's standard, and
for us the time has come to give fair no.
tice to the world that we. too. make gold
cur standard and redeem our obligation
IN that metal For twelve years the plat
forms of the party nave declared in favor
of the use of gold and silver as money.
The logic Of recent events, together with
the attempt of the Democracy to drag
down the question from it's internationa
character. to associate it with every vag-
airy Of Populism and Socialism, and TO
drive this country to an alliance will Mex
leo 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 eliminated
the danger which it's further agitation men,
sced.
The provisions OF the bill secure to the
people 4 needed increase in the volume of
the currency. prevent the future depletion
OF the gold in the treasury, and encour-
age a more extended use of our bonds by
the national banks of the country. But,
above all, the success attending its passage
mas demonstrated that our own people
and the nations of Europe have faith in
the pernianence of our institutions and our
financial integrity. Our debt is funded at
z per cent. per annurl, and millions of
cur interest charge saved annually. The
world has never Witnessed so triun. plant
a financial success as has followed the
passage OF the currency law, and our =
PER cent. bonds. held rhe world over, al.
ready a substantial premium
Through the policy of the Republican party
and the wisdom OF a Republican admins
~tration, we have not only made stable and
permanent our financial credit, at home and
abroad, are utilizing more silver money
than ever before in our history, but we
have left the Populistic Democracy a dead
issue they can never again galvanize into
life. and compelled them to seek to create
new issues growing out of a war which
they were most eager to ~precipitate.
WEST AND EAST UNITED.
May I, a Western man, add another
word? The passage of this bill, which re-
ceived the vote of every Western Repub-
lican in Congress, marked the termination,
forever final. of any sort of difference be-
tween Republicans of the East and of the
West growing out of currency problems.
Even If the stern logic of events had not
convinced us. our deep and abiding loyalty
to the principles Of the party, our belief
that the Judgment of its majority should
govern, would lead us to abandon further
contention. And the thousands of Repub-
licans 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 expansionists in the
Western plains and mountains, and when
they see a great political party attacking
| II lillC8IlLt VI lU0 INdllOu ana lenQln2
encouragement to insurrectionists who are
shooting down our soldiers and resisting
the authority of the government of the
United States all other questions fade and
are forgotten, and they find themselves
standing shoulder to shoulder i'm the ranks
of the Republican party, keeping step al
ways ito the music of the Union"
There is more to follow this summary
of a few of the leading measures passed by
a Republican Congress and approved by a
Republican President. Before the expira-
ton of Mr.. McKinley's first term we shall
have passed a law relieving certain ar
ticles from a portion, at least. of the bur-
denS they now carry because of the war
revenue act, and meanwhile we have, out
of surplus revenues, already paid and
called in for cancellation $43, 900, 600 of out
standing bonds. The coming winter will see
enacted into law legislation which shall
revivify and upbuild our ocean merchant
marine and enable us TO compete on fair
terms with the subsidized ships of foreign
nations, which now so largely monopolize
the carriage Of American goods. And,
above all, We shall, having then before us
the report of the able commission now
ascertaining the most favorable route, pass
a law under which we shall build and own
and operate as property of the United
States, under exclusive American domin-
ion and control, a ship canal connecting the
Atlantic and the Pacific. Through it in
time of peace the of the world
shall pass. If we shall be unhappily en-
gagged in war the canal shall carry our
warships and shall exclude those of the
enemy, and under conditions which shall
violate no treaty stipulations.
THE VAR WITH SPAIN.
This is the brief account of our steward
shin for four wears During a nortion of