The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-02
SENATOR M'LAURIN'S SPEECH
Is IN LINE WITH THE SENTIMENT OF
OTHER MEN OF THE SOUTH,
Who Are Abandoning Old Traditions
and Welcoming Industrial and
Commercial Development.
Special to the indianapolis Journal.

factions of the Democratic party of South
Carolina. which has in view. on one side.
the remuneration of old party issues and
rapid and complete industrial and CONNER
cial development of that section Of the
country.
Il am very much gratifed over the posi-
ton which has been taken by Senator Nc
Laurin," said General Hawley to-day. Il
have no doubt there will be many men in
the South who, as the racial question miti-
gates. will work with the Republican par
ty. The prospect for reconstruction is
very hopeful. To a certain extent ii is al
most an absolute certainty. / think South
ern people would be quite right in joining
the Republican ranks, for there is no doubt
the furtherance of the protective policy of
the organization is of great benefit TO the
South. L do not wish it TO be understood,
however, that L am in favor of the adop-
ton of any measure or measures designed
to sacrifice the rights of the colored voters.
| advocate equal rights and denounce muir
der and fraud at the polls. and l know
that men like Senator McLaurin take an
equally firm and uneQuivocal position on
this question. There is no telling to just
what extent this movement will succeed.
In time. l believe. the principles as out
lined by Senator McLaurin will have great
effect in the South, but it will take time.
We will be obliged to wait and see how
many men are going to take the lead in
this matter and then to watch the effects
of their work upon the people or the
South
in speaking of Representative Babcock's
amendment to remove the tariff duties on
iron and steel, Senator Hawley said: Il do
not favor any measure which seeks TO
abandon the policy of protection to Amer
lean industries, Nelther wou1o ot ! id in !
revengeful spirit. L would not lend my
vote to any measure of a punitive nature,
but in cases where it is perfectly evident
that no protection is necessary there can
be no harm in the enactment of a measure
making a reasonably well pToportioned re-
duction i'm the tariff duties. Such legisla-
ton would simply show that the policy or
protection as pursued by the Repupican
party has been a great triumph. ina pol
icy has done exactly what those who Ia
vored ii promised that IL would 90. 1t mas
beyond all question established American
industry. In my opinion it would be dan
gerous to remove all the duties on all ar
ticles of import at this time, although we
have so built up our trade that many com
modities, the free admission of which to
this country would formerly have crippled
our own manufacturers, are now being
sent abroad with profit. At any rate, L am
not in favor of passing a measure de-
signed to attack this or that trust be-
cause it is of a revengeful character on its
face and would be iniquitous.
THE MONEY CENTER.
In referring to the evolution that has
taken place in recent years as regards the
situation of the money center of the world.
consequent upon the absorption of a large
proportion of European loans in this coun-
try and the disposal of American stocks
abroad. Senator Hawley said: 1T Is all
very we'll to say that the money center OF
the world has changed from London to
New York, but, in my opinion, that re-
mains TO be seen yet. There are signs OF II,
and possibly it is true, but L believe that
il is better to wait a year or two before
we allow ourselves TO be convinced that
the United States is the greatest money
handling nation on the globe. 1t may not be
so. | admit that things are moving salts
factorily in this direction at present. The
balance of trade in recent years in favor of
his Nation, the superiority OF our mar
kets. which has been proven. and the SUI
perior progress which has Deen made by
our manufacturers leads to the belief that
the position taken by our people will be a
permanent one. The very remarkable pros
perity which this country has experienced
during the past four years has been one
of the most remarkable incidents of indus
trial history. There has never been any
thing like it. But l think IL would be best
10 thank GOO anu ne al Ilit iibutSl dDOut
all this business. There is no actual telling
whether il is here to stay. London may,
possibly. again be the money center OF the
universe. to the detriment of our W me-
In speaking of the talk now current re-
garding the probability of a renewal of ne
gotiations for another ~Nicaraguan canal
treaty between England and the United
States, General Hawley said: Il want very
much to see the United States build that
canal, and | think that Great Britain
ought to join us with Willingness in re-
moval of all obstacles which have con-
fronted the two great powers in the past.
For Great Britain TO stand in our way In
this matter would be very injurious to the
waterway, which has been so frequently
discussed. is, in my opinion, a minor con-
sideration, comparatively speaking. In
bringing up that issue we are borrowing
trouble that may be as far of as the mil
lennium. There can be no question that il
the United States invests a hundred mil
lion dollars or more in the construction of
the canal she will have the right to pro-
tect II. We shall do that whether We have
an understanding or not. For instance. we
would never allow the brigands of some
south American country. which happened
10 be in revolution, TO run down TO the
banks OF the canal and fire upon the ships
plying there. These outbreaks in South
America are occurring from time TO time,
and IL for no other reason, | think. IL
would be judicious to keep some sort of an
armed force along the waterway for pro-
lection from OnSlauEnlS tndl mlknl arise
from this source. An armed police force
could be maintained there. and, possibly,
answer all requirements in the matter OF
protection. The canal will be our property
and certainly we will have the right to pro-
tect our own. no matter what sort of an
international agreement is entered into.
Il think this government is making the
most satisfactory progress in the Philip
pines. l believe we can soon establish the
best Of governments in the islands. and /
nave not the slightest idea that the United
States Will ever surrender sovereignty
there.
Regarding Cuba, we are but fulfilling
the law as laid down i'm the treaty OF peace.
We will most assuredly fulfill our obliga-
tons. We are now guardians of Cuba and
would be very glad TO have the people
there establish a sensible. just and peace
full republic We should then consider our
selves rewarded for the many sacrifices we
nave made in her behalf. Those sacrifices
have been great ones. both as computed In
human lives and in dollars and cents. Ii
will be a relief when the people Of the
island settle down to a good. equitable plan
OF government and paddle along the stream
OF national life in their own canoe without
the aid or interference of the United
States. L think IL will not be long before
her people see the wisdom OF this plan and
reach an agreement among themselves
which will be In accordance with our law.
WASHINGTON NOTES.