Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1904-07-27

tContinued From Page One.)
merry our opponents. but who would
neither openly support Q silently
acquiesce In the heresy Of unsound
finance; and we have done 1t against
the convinced and violent opposition
or the mass OF our present opponents
who still refuse to recant the unsound
opinions which for the moment they
think 1t inexpedient to assert. We
know what we mea when we speak
Of an honest d stable currency.
We mean the same thing from year to
year. We do not have TO avoid q def.
mite and conclusive committal on the
most important issue which has re-
Gently been before the people, and
which may at any time in the near
future be before them again. Upon
the principles which nnderlie this t.
Il the convictions or half Of our
number do mo crash with those Of
the other half. SO long as the repub.
iican party Is In power the gold stand,
ard il settled, not al a matter Of tenn.
porary political expediency, not be.
cause Of shifting conditions In the pro
duction OF gold In certain mining cen
tiers, but In accordance with what we
regard III the fundamental principles
Of national morality and wisdom.
Under the financial legislation
which we have enacted there Ii now
ample circulation for every business
need. and every dollar Of this cir
culation IL worth a dollar In gold, We
have reduced the interest. bearing
debt and In still larger measure the
interest on that debt. AL of the War
taxes imposed during the Spanish war
have been removed with d view 70 re-
liege tho people and 10 prevent the
accumulation Of mn unnecessary
surplus. The result Ii that hardly
ever before have the expenditure and
Income Of the government ~ closely
correspondent. In the fiscal year that
has Just closed the excess III income
over the ordinary expenditures was.
nine million dollars. This does not
t.fa Account ~ fba flff.s p,IIffana#aV
pended ont III the accumulated sur
plus for the purchase OF the isthmlnn
Canal. Il Ii an extraordinary proof Of
the sound financial condition of the
nation that instead Of following The
usual course hi such matters and
throwing the burden upon posterity
by m issue Of bonds, we were able
to make the payment outright and
yet after Il 10 have N the TREASURY 4
surplus OF one hundred and fifty one
millions. Moreover, We were able 10
pay this fifty millions III dollars out
Of hand without causing the slightest
disturbance 10 business conditions
We have enacted d thrift law nj.
der which during the past few years
the country has attained d height 81
material we'll being never before
reached Wages are higher than ever
before. That whenever the need
arises there should be 4 reimbursement
Of the tariff schedules il u%ndoubted
hut such changes can with safety be
made only by those whose devotion 70
the principle of n protective tariff Is
beyond question; for otherwise The.
changes would amount not 70 read
justment but % repeal. The reade
justment when made must maintain
and not destroy the protective prin
ciple. To the farmer. the merchant,
the manufacturers this Is vital but
perhaps no other man III 10 much Iii.
terested as the wage worker In tho
maintainance III our present econo
mic system, both as regards the FINN
ces and the tariff. Tho standard az
living of our wage workers Is higher
than that II any other country. and
II i not 30 remain unless We have i
protective tariff which shall always
keen as 4 minimum i rate DC duty sur
fictent 70 cover the difference be
tween the labor cost here and abroad
Those who, like our opponents. lie
nounce protection as i robbery" her
by explicitly commit themselves 10
the proposition that IL they we're 10.
revise the tariff ne heed would he
paid 10 The necessity Of meeting this
difference between the standards 81.
living for wage workers here aud In
other Countries and therefore On This
point their a~ntagonism 10 u posi-
ton ii fundamental Here again We.
ask Tint their promises and ours be.
Judged BY what has been done In The
Immediate past We ask stat sober
and sensible men compare inc work.
inga Of The present tariff laW, and thn
"5& LAG E"' .m