The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-06-21


be known certainly what it must be.
Not all of US rise to its standaES not
all of us are worthy of its glorious
history; but as d whole this great po-
litical organizatiOn-the party of Lin
coin and cKinley-cannOt fail to work
in the spirit Of its past and in loyalty
to great ideals.
Candidates Are Worthy.
We shall ask the continued conf
dence of the people because the candi-
dates whom we present are of proved
competency and patriotism, fitted 10
I'LL the offices for which they are nom
mated, to the credit and honor of our
country.
We shah ASK it because the present
policies of our government are bene-
fetal and ought not to be set aside;
and the peoples business is being we'll
done, and ought not to be interfered
with.
Have not the American people rca-
son for satisfaction and pride in the
conduct of their government since the
election of 1900, when they rendered
their judgment of approval upon the
first administration of President Nc
Kinley? Have we not had an honest
government Have not the men Sc
1ected for Office been men of good
reputation who by their past lives had
given evidence that they were honest
and competent? Can any private
business be pointed out in which
lapses from honesty have been so few
and so trthtng prOportonately, as in
the public service of the United
States? And when they have occur
red, have not the offenders been re-
ientlessly prosecuted and sternly pun
ished without regard to political or
personal relations?
Have we not had an effective gov
eminent? Have not the laws been
enforced? Has not the slow process
of legislative discussion upon many
serious questions been brought to
practical conclusions embodied in
beneficial statutes? And has not the
executive proceeded without Vacilla-
ton or weakness to give these effect?
Are not the laws of the United States
obeyed at home2 and does not our
government command respect and
honor throughout the world?
Have we not had a safe and con-
servative government? Has not prop
erty been protected? Are not the
fruits of enterprise and industry Sc
cure? What safeguard of the cOnsti-
tuition for vested right or individual
freedom has not been scrupulOusly
Observed When has any American
administration ever dealt more con-
siderately and wisely with questions
which might have been the cause of
conflict with foreign powers? When
have more just settlements been
reached by peaceful means? When
has any administration welded
more<Dowerful influence for peace?
and when have we rested more secure
in friendship with all mankind?
Taxes Reduced.
Four years ago the business of the
country was loaded with burdensome
internal taxes imposed during the
war with Spain. BY the acts of March
2. 1901. and April u, 1902, the cOun-
try has been wholly relieved of that
annual burden of over one hundred
million dollars; and the further ac-
emulation of a surplus which was
constantly Withdrawing the money of
the country from circulation has been
prevented by the reduction of taxa
ton.
Between the 30th of June, 1900, and
the first of June, 1904. our treasury
department collected in revenues the
enormous sum of $2.203,0 00,0 900 and
expended S2,O2S, 100000, leaving US
with a surplus of over $40, 100000
after paying the $50.000,000 for the
Panama canal and loaning $4,60O,O00
to the st. Louis exposition. Excluding
those two extraordinary payments.
which are investments from past sur
plus and not expenditures of current
income, the surplus for this year will
be the reasonable amount of about
$12,000,000.
The vast and complicated transac-
tiOns of the treasury, which for the last
fiscal year show actual cash receipts
of S4,250 290,262 and disbursements Of
81, 113,199,414, have been conducted with
perfect accuracy and fidelity and with
out the loss of a dollar. Under wise
management the financial act of March
II, 1900, which embodied the sound fnan-
ciaI principles of the Republican party
and provided for the maintenance of
our currency on the stable basis of the
gold standard has wrought out bene-
fcent results. On the LIST of November,
1899 the interest-bearing debt of the
United States was S1,O46,O49, 02O. On the
Ist of May last the amount of that debt
was $685. Isl, 440, reduction of $3.50 S91,-
$50 BY refunding. the annual interest
has been still more rapidly reduced
Let &C. !,
1899, to S24176,745 on the LIST of June,
1904, an annual saving of over Sic. $780,,
O00 When the financial act was passed
the thinly settled portions of our cOun-
try were suffering for lack of banking
facilities because the banks were in the
large towns. and none could be Orga-
nized with a capital of less than $4,000.
Under the provisions of that act, there
were organized down to the LIST of May
last L 296 small banks of $25. 600 capital
furnishing under all the safeguards of
the national banking system, facilities
to the small communities of the west
and south. The facilities made possible
by that act have increased the circuIa-
ton of national banks from S254. 400 $50
on the 14th of March, 1900, to $445. 9SS,
b65 on the LIST of June, 1904. The money
of the country in circulation has not
only increased in amount with our
growth in business. but it has steadily
gained in the stability of the basis on
which it rests. On the LIST of March.
1897 when the first administration of
Mckinley began, we had in the country
including bullion in the treasury, ST.
SOC. 272.O76. This was S23.14 per capita
for our population. and of this IS. 500
per cent was gold. On the LIST of March.
1901 when the second administration of
Mckinley began the money in the
country was s.. .295. 22S. This was
S2S.34 per capita. and of this 45.273 per
cent was gold. on the 1st of May last
the money in the country was S2S14-
995 446. which was S31.20 per capita, and
of it 4S02S per cent was gold This
great increase of currency has been ar
ranged in such. a way that the large