The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-27

This is the efficient way to- turn the ras-
calls out and to keep them out and it has
the merit of sincerity. Moreover, the be-
trayals of trust In the last seven years
have been Insignificant in number when
compared with the extent Of the public
service. Never has the administration Of
the government been on a cleaner and
higher level; never has the public work
of the nation been done more honestly
and efficiently.
Unwlse to Change.
Assuredly it is unwse to change the
policies which have worked so well and
which are now working so well. Prosperity
has come at home. The national honor
and interest have been upheld abroad. We
have placed the finances of the nation
upon sound gold basis. We have done
this with the aid of many who were for
merly our opponents, but who would
neither openly support nor silently &C.
-qu1esce in the heresy of unsound finance;
and we have done 1t against the convinced
and violent opposition of the mass of our
present opponents who still refuse to re-
cant the unsound opinions which for the
moment they think it ineXpedient to as
sert. We know what we mean when we
speak Of an honest and stable currency.
We mean the same thing from year to
year. We do not have to avoid definite
and conclusive committal on the most i'm
portant issue which has recently been be-
fore the people, and which may at any
time in the near future be before them
again. Upon the principles which under
lie this issue the convictions of half of our
number do not clash with those of the
other half So long as the republican
party is in power the gold standard is set :
tied, not as a matter Of temporary politi-
cal exped1ency, not because Of shifting
conditions in the production of gold in GER
tain mining centers. but in accordance
with what we regard as the fundamental
principles of national morality and wis
dom.
Under the. financial legislation which we
have enacted there is now ample circula-
ton for, every business need; and every
dollar Of this circulation is worth a dollar
IN gold. We have reduced the interest
bearing debt and III still larger measure
the interest on that debt. All Of the war
taxes imposed during the Spanish war
have been removed with view to relieve
the people and to prevent the accumula-
ton of an unnecessary surplus. The re-
suit is that hardly ever before have the
expenditures and income of the govern
ment SO closely correspondent. In the
fiscal year that. has just closed the sex-
cess of income over the ordinary expendi-
lures was $9,000,000 This does not take
account. of the 100000 expended out
Of the accumulated surplus for the pur-
cisse of the isthnian canal. 1t is an ex-
traordinary proof Of the sound financial
condition Of the nation that instead of
following the usual, course in such mat
tiers and throwing the burden upon pos
terity by an issue Of bonds, we We're able
to make the payment outright and yet
after it to have in the treasury a sur
plus of $161, 100000. Moreover. we were
able to pay this $50 900, 900 out of hand
without causing the slightest disturbance
to business conditions. ....
Success of Tariff Law.
We have enacted tariff law under
which during the past few years the coun-
try has attained height Of material we'll
being never before reached. Wages are
higher than ever before.