The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-07-16
PROSPERITY AND POLITICS.
Conditions as Seen by Representa-
tive NeWInudx. of Nexndn.

with King Edward VII
7 judge from what Mr.. Henderson
said, remarked Mr. Newlands this morn
| ing, that they had a very full and free
talk and that it was mutually agreeable.
The ex-Speaker looked the picture of
health and he assured me that he was
thoroughly enjoying his vacation He was
about to visit Mr.. Carnegie in Scotland
before returning"
Commenting on political conditions
Br. Newlands said: While times
are more prosperous and the Re
publican party is claiming all the
credit for the good times the prosperity is
unev enIy divided / mean that compare
lively only a few people are reaping the
benefits Of existing conditions. The Ia
boring man after the long depression is
too glad TO have work 10 think seriously
about the matter. He is producing the
wealth for his employer, but he is not
getting his fair share of the returns which
comes to the employer by reason of our
unjust system Of taxation After while
the Iaboring man will wake up to a real
ization of this fact
Just glance at the great change that
has taken place between the two old par
ties within the past forty years Today
the Republican party is occupying the
same ground and advocating the same
reforms and is dominated by the same in
fuence that controlled the Democratic
party before the breaking out OF the civil
war when the sIave-owners were so pow
erful. And the Democratic party of today
stands for everything for which the Re
publican party was created In fact the
two parties have completely reversed Do
sitions Every Republican today who
stands for the principles of Lincoln should
belong to the Democratic party.
The Republican party IS against the
doctrine of the equality Of man. 1t be-
lieves that some under our flag should be
citizens and others subjects and that the
citizens should rule the subjects without
any constitutional limitation upon their
powers. 1t is opposed to the doctrine that
government rests upon the consent Of the
governed. IT rejects as heresy the doc
trine that taxation and representation are
inseperable- 1t stands for industrial sIav-
cry, for d system which places the bur
dens of National Government on the con-
suming masses, and exempts from its
burdens the wealthy classes, growing
Weather every day through a system Of
legislation that protects monopoly in ev-
cry form
of course reaction is bound 70 come.
These prosperous times cannot continue
indefinitely, and when the time comes
people viii again take up the study of
economic questions a. to creation and dis
tribution of wealth, as well as the study
Of the principles Of government in their
relation to the civil and industrial free
dom and equality Of men The Demo
cratic party is essentially the party Of the
people and perhaps sooner than we ex-
pect the people viii arouse themselves
and assert their independence.
1t is said by many that the money
question is settled. Why? Simply be
cause the output Of gold increased to such
an extent as to satisfy for the time being
the Guantitative theory Of money-name-
", that the volume Of mouey must in
crease as population and business in
crease. This admission on the part OF the
Republicans and gold men proves that
our theory was correct. What we CON
tended for in 1886 was that there was not
enough basic money to carry on the COM
nlerce Of the country. and that as the
production Of gold in 1873 was at its low
est ebb sor many years, the dsmonetiza-
ton OF silver was economically wrong
and should be reversed. The Republicans
met our contention by insisting that the
quantity OF money made no difference.
that confidence rested on gold and that
whether its production increased or di-
ninished gold alone had a stable value
and alone constituted reliable standard.
The Democrats stood for quantity. the
Republicans stood for quality But il is
the increased quantity OF gold that has
restored prices and stimulated Industrial
enterprise The quantitative theory has
Won and the men who advocated the free
coinage of silver as a means simply 10
secure for the worlds business a greater
quantity Of money have been vindicated. =
the supply Of gold should diminish it would
be but short time before the demand for
silver coinage would BE- renewed with in
creased vigor. We all know that the pro
dUction OF gold is very variable. and that
an era Of scanty supply always follows an
era Of abundant supply The war in At
rica has seriously interfered with the out
put OF the African gold mines, and I am
informed that already Europe is begin
ming to feel the slow but sure results of
a dlminution of the flow Of gold to her
mints- Perhaps next tine the demand
for silver coinage VIII come from the
other side OF the water
In answer to 4 question Mr. NewIands.
who was a member Of the Wavs and
Means Committee in the last Congress.
gave it as his opinion that ths Republi-
cans VIII attempt no tariff legislation
next winter unless it is so decreeG by the
great industrial corporations Many Re
pubhcans, he said. may urge tariff re-
vision and antitrust legislation, but Re
publican legislation will follow the lead
ership OF the wealth created and fostered
by it.
Some of the Republicans who want
the tariff let alone, continued AIr New
lands. are advocating the adoption of
reciprocity treaties. Well. reciprocity
may be all right, but think to what in
consistencies it may lead For instance:
We make reciprocity treaty with Ger
many and France and agree to reduce
our duties on certain articles say. 81 OF
20 per cent on condition that they reduce
their duties on certain Of our exports TO
the same degree That is clever treatment
for Germany and France but what will
our largest buyer. England. say when in
return for her admission of our products.
duty free. We make her pay full duty on
the same articles that her rivals get in
with d reduced duty England may sud
denly conclude that the United States is
treating her unfairly, and is discriminate
ing against her, because of free adnis-
sion Of our products and may retaliate on
our manufactures These proposed reci-
procity treaties, may prove a two-edged
sword
a RECEIVER APPOINTED.
One Named for the InSOIvent Ma
tionaI Bank at Vancouver.
rTb. CoTuYfrolIeT- of Inc Currency has