The Indianapolis journal., 1902-09-12
Senator Beveridse'. Address.

Senator Beveridge addressed large audi
ence tonight. He said. in part:
THE total cost of the war with Spain
was nearly 500. The cost of suppress
ing insurrection in the Philippines was
Sl1OO0,OOo. The payments for pensions in
the last five years were nearly $4,000, 600.
The other expenses of the government in
the same period were more than s1.0o00oo,-
600. All told, the expenses Of the Republic
since March 4, 1897, until now were nearly
s., ,O00,O 900. This outlay occurred under a
Republican administration. Except the
expenses OF our civil war, IL is the greatest
charge sustained, in a like period, by
any government, ancient or modern, in
peace or in war. And yet every dollar of IL
has been paid and in these expenses the
books of the Nation balance. Balance7
Yes, more than balance For we have not
only paid every cent of this vast sum, but
during the same period have reduced
the debt Of the Republic more than slO,-
100000 Not only have We paid this vast
sum and at the same time reduced the Ma
tion.s debt, but we have reduced the Ma
tons interest charge by more than $700,-
600 every year. Not only have we paid these
mighty charges, not only have We at the
same time cut down the Nations interest,
but in the same period We have raised the
gold reserve in the governments treasury
10 the highest point in our history. And the
last Congress completed this series OF
financial achievements by abolishing every
dollar of internal war taxes upon every
item thus burdened throughout the coun-
try. This is the record.
millions of expenses measure the financial
oppression of the Republics eighty mil
lions, the answer comes from another
ray OF ngures no less astounding. During
this same period when We counted our ex-
penses by the thousands OF millions. the
wealth OF the Republic increased beyond
alone increased over $400.Oo0.0o0. The cash
value of the products Of American farms
increased over sl.5oo.ooo0o. American manu-
facturers added nearly 10000 new
factories to their former plant, and
the value of the articles these
factories made increased almost s4O00Oo0.-
coo. During that same period the factories,
mills ana shops Of the Nation employed
over 100000 more worldngmen than they
employed five years ago. The laboTing peo-
pie of the United States increased their de-
posits in savings banks alone by nearly
81 coo. 900 during this period OF unhearo-
of national outlay. During this same period
our exports 10 foreign countries were
greater than our imports by over s.. .S00. CO.,
900 Let me repeat that statement in an
other form. In i've years OF war. of COM
mercial reconstruction, OF financial read
justment the balance of foreign trade IN
favor OF the United States, I'm spite OF all
these dra wbacks, was over S2.s00.0vJ,0C0. Let
me repeat IL in still another form. because
il Is the largest fact not only in the his
tory of our commerce, but In the history OF
the commerce OF the world. In the live
years beginning with the inauguration OF
William Mckinley the balance OF trade in
our favor was greater than In the entire
century OF the Nations life IL not
only greater ludn the COfnDlucQ balance OF
trade during all the rest OF our history.
but il was nearly 600 per cent greater
than the combined balance OF trade in our
favor during our entire history as a nation.
Yet the opposition ask the people TO re-
pudiate that management Of national az
fairs"
TARIFF NOT PARENT OF TRUSTS.
On the subject Of trusts Senator Bever-
idge said:
The only law ever enacted TO regulate
them was passed by a Republican Con-
gress; the only President who ever at
tempted to enforce that law was our Re-
publican President, Theodore Roosevelt
The tariff Is not the parent OF trusts. IL IL
Is why did not trusts develop during the
Morrill, war tarin, that lasted from the
civil war 10 the enactment or the disas-
trous Wilson tarin. IL the tarin causes
trusts, why did they FIRST appear In free
trade England? III trusts exist IN different
countries with different tariff systems,
must we rot look deeper for their causef
And Il not that cause TO be found In the
complex conditions OF modern iifeg The in
CONTINUED ON PAGE I. COL. -