The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-01-16
FEARS CORNER
OF W0RLD'SCASH
Foraker Elected Again Says Eu-
rope May Go Broke.
PRAISES TWO PRESIDENTS
F1IOGIZES ROOSEVELT AND
n KINLEY.
PRAISES TWO PRESIDENTS

columbus. O.. Jan. 15.-The senate
and hoGse met in joint session today
and reelected Joseph 3. Foraker 10
tho United States senate. Senator
Foraker had practically no opposition.
.ha division being purely partisan, the
Democrats supporting Eon. Charles
~ Baker oil Cincinnati Every Re
publican present cast his vote for SEN
lt.- Foraker The election OF Senator
Foraker was purely formal one.
There were no addresses except that
.s the senator. Senator Foraker said
m .1r,-
q have my fair share of eneml S
and detract0Ts. as every other public
rar has had since the beginning Of
r.. .aayerumeut and viii have until
fa end of lme. II is not pleasant t.
have enemies. but 10 is a great salts
faction To- DE able to sit down over
AGAINST an they have said or say the
answering fact that Of all the many
rlnu.s it has been my good fortune
O enjoy az the hands Of the Repub-
1..us ur Ohio. every one. without a
emgI. reception. has come 10 me with
thfs same uuanimity of expression and
I| tIl'.liA ~ az t.Ae-LAAtA AlpAA anu
without solicitation.
Cd cannot sufficiently thank the Re
uab.iesns of Ohio for such long con-
rnaed exceptional and unprecedented
marks of their confidence and good
v.L 7 can assure them. however, that
I shall earnestly strive 10 meet such
uncommon honor.
Hggtory-making Epoch.
since I stood here six years ago
ON similar occasion a great deal of
important history has been made. At
chat time the country was suffering
from universal business paralysis and
prostration. There was a serious con-
troyersy going on as to the cause and
the remedy
"AH agreed that prosperity should
BE- restored. but there We're wide diff
ferences as To- methods. All then rec
ognized that the first great work Of
the immediate future had relation to
our economic conditions. Time has
passed. The record has been made
To is uvi1re you. 1t speaks for itself
Ny contribution may have been small
but whether much or little, it went to
swell the grand aggregate Of effort by
which the greatest industrial wonders
of ail time have been wrought. Long
vanished prosperity has returned and
never i'm the history Of the world has
there been anything like what we now
enjoy
The great Industrial problem of
Europe at this time is not how to sell
I'm our markets. but how to protect
their own from our commercial in
vasion. and one of our greatest indus
trial problems is how to go on in
definitely collecting the stupendOus
balance of trade in our favor without
bankrupting an the rest of the world
and thus destroying the customers we
are acquiring
Pay No More Tribute.
"Ths floods Of sold that are pouring
I'm Luon MS are rapidly making us the
great cr, iitor nation Of the earth. so
that hencetorth we shall hold the Sc
rurities of other people and collect
interest from them on their Obliga-
IONS. instead of. as heretofore, paying
them tribute ON ours.
'If nothing more than this had been
accomplished il would be- enough to
cn,ite an who participated in the good
work % the gratitude and plaudits of
the American people.
But great % nave been these
economical at 1ieveuents. others there
are. and greater. Unexpected emer-
gercies have arisen and unforeseen re-
Sp'nSioiIities have been devolved upon
MS. This is not a proper time for their
discussion or even for their enumera-
Ton. but it is q fitting opportunity for
ln' statement that all emergencies
whether peace or war. have been sue
e.sSiuIIy met and all responsibilities
have b, n faithfully discharged.
Grave questions of a vital Charac-
.eg relating to our power to acquire.
h'.d and govern territory to the ne
''eIiIes of the people governed have
been settled for oU time.
Great Problems to be Solved.
As ii result we are today more than
ever in our history a world power
lH The fullest meaning Of that phrase
iN mat connection the term for which
you nave now reelected me will
countless DE distinguished for new
problems OF grave Importance and far
reaching consequences.
me lnteroCeaniC canal. our mer-
Grant marine, our navy. the govern
a' the insUlar possessions. our
.".'Hs with cuba. and especially
'a. Trade relations with our CONNER
,'.I countries will demand. must re
1--WE. the highest and best thought Of
''. legislative mind"
g. .''I.ns again to his nomination
Senator Foraker said:
ln aII 7 have done i'm the commits
r ] nave been holding. have sought
........ 1e2iously ana periodically
.' N'rthl.y represent the peopla of this
-.tt state. As to the questions Of the
Il'u'". I can only promise 10 60 for
-+'a ~ the same spirit and with the
sam. purpose. i know your American