The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1903-11-05

clearly and emphatically against the
asset system of banking that it will
strengthen the people in their determi-
nation not to abandon a bond-secured
currency for something dangerous and
uncertain. He covered the tariff ques-
ton with his usual force and ability,
demonstrating to the people that an en-
tire revision of the tariff was unneces-
sary, but that the shedules should be
altered from time to time as new con-
ditions demand their change. He spoke
on the question of the presidency with
ness. He, in accord with the American
people, desires the election of Theodore
Roosevelt In 1904 and he gives good rea-
sons therefor. He urges the limitation
of trusts and shows how It can be done
without EARRING either labor or capital.
In truth, his speech is so complete
political platform that we extract from
it literally, as we are sure our readers
Will find no better reading than the
utterances Of senator so eminent and
so trustworthy as William B. Allison.
Senator Allison spoke in part as fol-
lows:
1.-THE subject OF the currency may be
considered by the congress soon to con-
vene, but I am sure that no change will
receive the sanction of republican
congress- that will so revolutionize our
system as to deprive the government of
the substantial control that 1t now has
and exercises over bank circulation ah
well as over other forms of paper
money, nor will any modification be
made that viii not provide absolute se-
curity of the notes issued by or under
the authority Of the government, and
their convertibility at the will of the
holder into gold. So it would seem that
under present conditions there is no
pressing necessity for great changes as
respects our money circulation, and 1t
also appears that, although there is in
convenience at certain seasons Of the
year, arising from the necessity OF
| transferring our circulation from one
portion Of the country to another, the
| inconvenience IS not 50 great as to make
| imperative immediate legislation to fa-.
cilitate these transfers. There Is also
inconvenience arising from the accumu-
| lation of money in the treasury. but our
present able secretary Of the treasury,
| by means of the authority he now has
under the law, has minimized this in
convenience by utilizing from time to
| time our national banks as repositories
of the surplus money, thus enabling it.
| to be returned and utilized In the vari-
Gus channels Of circulation. Congress
can and probably will adopt the supple
mental legislation SO as absolutely to
| relieve this Inconvenience.
II do not claim perfection for the de-
| tails of either our tariff laws or our
monetary laws. Changes Of these details
are wise and necessary from time to
time, but that they have been effective
| in developing our national resources
and maintaining our national credit can
no longer be subject of dispute, and It
seems to me wise and important that
| these policies in their essentials should
! continue. Whatever defects may appear
can best be cured by the republican
party. without offense, hopeI may
add that the record Of the democratic
party discloses its unfitness to deal
| wisely with either of these great sub
jects, nor is there hope from this record
| that that party will be able to deal with
| these questions as they ought to be
dealt with. '.s
Though the republican party has
made mistakes during the last forty
two years, yet its history has been full
of great deeds and large growth. No
| other party since the adoption of our
| const itution has had so many moment
Gus tasks with which to deal. That 1t
has met them and solved them, as a
rule, with wisdom and for the best in
terests of the country am sure will
not now be disputed.
1.-THE story from Lincoln to Roose-
welt is the story of American progress
and advancement from the thraldom
of slavery and provincial isolation
through war publication, national re-
generation, economic independence, in
dustrial supremacy and unself1sh hui
manity, to a position Of worldwide in
f1uence and power
During this period Of great difficulty
and trial our progress has been con-
stantly forward and forward, so that
| we now enjoy In our country more Of
the blessings of free people than are
enjoyed by a like number Of people any,
where else on the face Of the globe.
1--WE have in President Roosevelt an
ideal chief magistrate who has brought
to his great office high culture and high
ideals. He meets courageously every