The Providence news. (Providence [R.I.]) 1891-1906, 1904-07-27

7 policies which have worked 30 well and
which are now working so we'll Prosper
| ity has come AT home. The national non
or and interest have been upheld abroad.
| We have placed the finances OF the ma
! ton upon a sound gold basis. We have
/ done this with the aid OF many who were
! formerly our opponents, but who would
! neither openly support nor silently ac-
| quiesce In the heresy OF unsound finance;
! and we have done IL against the con-
vinced and violent opposition OF the mass
| OF our present opponents who still re-
! fuse 10 recant the unsound opinions
which for the moment they think II In
! expedient 10 assert. We know what we
mean when we speak OF an honest and
I stable currency.
MEAN THE SAME THING.
| We mean the same thing from year to
| wear We do not have 10 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 ITpon 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 i'm power the gold standard Is
! settled not as a matter OF temporary po-
| litical expedency, not because OF shiftng
! conditions I'm the production or gold IN
certain mining centres, but In accordance
with what we regard the fundamental
principles of national morahty ana WIS
dom.
| Under the financial legislation which we
have enacted there IN now ample circula-
| ton for every business need; and every
| dollar of this circulation is worth doi-
| lar In gold We have reduced the interest
bearing debt and In still larger measure
the interest on that debt.
n hs xxyar imDOaHd
Spanish war have been removed with
view 10 relieve the people and 10 prevent
the accumulation OF an unnecessary SUIT
plus The result IL that hardly ever De
fore have the expenditures and income OF
the government 80 closely correspondeo'
INCOME AND EXPENSES.
In the fiscal year that has just closed
the excess OF income over the orulhary
expenditures was nine millions OF dollars
This does not tnke account OF the nity
millions expended out OF the accumula-
ted surplus for tho purchase OF the 18TH
nian Canal II is an extraordinary proof
OF the sound financial condition OF the
nation that instead of following the usuhl
course In such matters and throwing the
! burden upon posterity by an issue oi
bonds. we were able to make the pay meht
| outright and yet after II To have In the
| treasury n surplus OF one hunoreu anu
sixty-one millions Moreover. we were
| ahle 10 pay this fifty millions or collars
| ont OF hand without causing the snshtest
disturbance TO business conditions.
| We have enacted tariff law under
which during the past rev years uie
! country has attained height OF material
a,aIi. being n,yer before reached. Wages
/ are higher than ever before. That when
| ever the need arises there should pe
! reaa,ustment OF the tar1n schedules is
undoubted: but such changes can win
] safety be made only by those whose ue-
votton TO the principle OF a protective
| tariff is beyond question: for otherwise
j the changes would amount not 10 reao-
iustment but TO repeal The readtuetInent
| when made must maintain and not de-
stroy tho protective principle To the
/ farmer the merchant, the MANUFACTURES
| this "a vital; but perhaps no other man is
! so much Interested as the wage-worker In
the maintenance of our present economic
system both as regards the f1nances ana
| the tnriff The standard OF living or our
wage-workers IL higher than that or any
other country. and IL can not so remain
upiass wa have a protective tariff which
! SHAH always keep as a minimum rate
| of duty sufficient TO cover the difference
| hetween the labor cost here and abroad.
1 Those who, like our opponents, "denounce
nrotaction as a robbery" thereby ex-
| pticitiy commit themselves To the propose
| tion that n they were 10 revise the tarin
| no heed would be paid TO the necessity
! OF meeting this difference between the
! standards OF living for wage workers here
! and I'm other countries; and therefore on
! this point their antagonism TO our po-
| sltion is fundamental.
Here again we ask that their promises
! and ours be judged by what has been
| done I'm the Immediate past. We ask
! that sober and sensible men compare the
workings of the present tarin law and
| the conditions which obtain under IL, with
| the workings Of the preceding tariff law
! of 1893 and the conditions which the tariff
| of 1894 helped to bring about.
RELIEVE IN RECIPROCITY.
We believe I'm reciprocity with foreign
! nations on the terms outlined In Presi-
! dent McKinley's last speech. which urged
! the extension OF our foreign markets by
| reciprocal agreements whenever they
/ could be made without injury 10 Amer-
can Industry and labor. II Is singular
/ fact that the only great reciprocity treaty
\ recently adoptcd-that with Cuba-was
/ finally opposed almost alone by the rep
| resentatives OF the very party which now
4 states that it favors reciprocity.
And here again we ask that the worth
| OF our words be judged by comparing
/ their deeds with ours. on this Cuban
reciprocity treaty there were AT the out
4 set grave differences OF opinion among
/ ourselves and the notable thing in tho
! negotiation and ratification OF the treaty
and I'm the legislation which carried IL
/ into effect was the highly practical man
/ ner in which without sacrifice OF principle
/ these differences OF opinion were recon
| ciled
/ There was no rupture OF a great party.
4 but an excellent practical outcome the
result OF the harmonious cooperation OF
! two successive presidents and two suc-
! cessive congresses.
GOVERNING CAPACITY.
This is an illustration OF the governing
capacity which entities us 10 the con-
| ldence OF the people not only IN our pur-
poses but I'm our practical ability 10
I achieve those purposes. Judging ny the
/ history of the last ~ years down TO this
| very month Is there ratification for be-
] licvng that under similar circumstances
end with similar initial differences Of
opinion. our opponents would have
| achieved any practical result7
! "a Ha al shown Ia e.aftF -