The Beaumont enterprise. [volume] (Beaumont, Tex.) 1904-current, 1904-10-04
HOKF SMITH ON
GOLD STANDARD
GIVES CREDIT TO CLEVELAND
FOR MAINTAINING 1T WHEN
IN JEOPARDY.
THROWS lACNE INTO ROOSEVELT
Says II Was the Silver Bought Under
the Sherman .Perchase Act
That Preeioitated the
Panic Of 1893.


Smith, secretary of the interior In
President Clcvcland's second cabinet,
spoke on the issues of the campaign
tonight, his audience entirely illling
the Academy of Music. NJ. SmItn,
who IS native of this state, was en-
Enthusiastically received. He was In
troduccd by United States Senator
Overman, who made his first appear
ance before Charlotte audience
since his election. Mr.. Smith said:
The Democratic party, during the
first sixty years of the last century,
was almost continuously in power
Its record was not one OF Uppo 'ition,
but of construction. In 1906 Thomas
Jefferson preserved the gold standard
when it was first in jeopardy. Under
Democratic rule our territory spread
from ocean to ocean. Our manufac'
lures grew. Our commerce proSpcrcd
But our system Of taxation did not
foster great monopolies, nor take
money from the masses to cnricl trc
few. Our tariff taxation was for
revenue, with only incidental protec
ton We adhered to constitutional
government. We conducted no wars
of conquest. We regarded inter
national law.
EuIogizes Cleveland.
The masterful and patriotic SERVED
of President Cleveland makes the
only break in Republican administra
tions for the past forty years.
We may well compare the record OF
the Democratic party under Mr.
Cleveland with the record OF the Rc
publican party under Mr. Harrison
Mr.. Cleveland left the treasury u
1889 with a surplus on hand OF s3'o'
3G4.91G. He had paid on the pubic
debt 1894, ,34S,49 When he returned
to Office in March. 1898. he found the
surplus squandcred and aDpropria
tions already made for the ehsulht
wear exceeding the revenue provid.
to the amount of $9O,OOO.OO Th'
Republicans had already prepared tht
mates for a bond issue, which the'l
administration had rendered neces
sarv. Rooscvelt's administration has
exceeded the expenditures of the las
Cleveland administration TO th'
amount of $SS3,O0O,OOO.
The Sherman Act.
During Mr.. Harrison's administra
tion the Sherman purchasing act wa
passed. Under this act four and one
half million ounces of silver bullior
were monthly placed In the natlona
troa Jury, to go into circulation, either
in the shane of silver dollars or silver
certificates. Before its passage mer
of financial judgment had realized
that even the silver dollars provided
NV the Bland-Allison act were leopard
iziug the gold standard. The imitation
of our currency with deprecated sll
ve, dollars came from a Republican
administration. This disOrganized tho
finances of the country ana pre'o
itatcd the panic of 1893.
The Cleveland administration ;"
p,,'cd the Sherman purchasing az
a. Il nut an end to the coinage ~ &c
prnciatcd silver dollars
thorough study Of our count =
I1sforv need bring no fear TO Demp
Gratis The speech uf Mr.. Roosevelt
ac, uting the nomination for rr"' !
lpnt was conservative. II MINT 81
n,,. have come from Judge "ark
TIL, loitc- Of acccptanco was n"i'
like tho Rough Pidor In tn u:
,r.s,: ucs he followed his policy o
'Efcak easy
Roosevelt Sets the Pace.
T., bl letter of acccpta1 &c W.
Roo-evclt scts the Dace for Rcpn1li
"a, impotence in the shape - s.r
nra.-, and sclf-asscrtion. 'Aaifa q.
/ ,-,-.ffrup for himself and part
,bsrr.nr anything against hi m
,..t- xrich his fancy suggests.
/ Ita attacks the Democratic 80
z -rfs rtfs-rncr ~ tho gold siifdatr
La. srargrs that The course ~ on
54.f, &C. 90 De- gold standard has o.
/ .-a ~ o,Dndiancy. and ho rri .-- 2
-r.. rf'furr ~ our U'aifOrm ~ 80
.-4ar. go was fJrgrffnl IN '1i. r
r..- o-.a do,-la-affDn. in 1875 ,h' q
p 90. rraaIan. ~ rho Rruuhlican f; -
r-.a aIguf ~ bc a7Dufrd. o.
ra--F- aPffu=a1 ~ iir fJr f-ar si
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erode tf.l free r.rfnagr ~ =iirrr.
go rg-was fhr fari 'far 0nIr a -
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