Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1904-04-15
WITH ONE VOICE.
CONTINUED from page -

Fifty years ago, then, the Republican
Marty was born. Its mission WAS Il
noble ore. In it's early years liberty
and freedom We're it's Watchwords; in
later wears its watchwords have been
progress, prosperity and success. It's
early defeats and successes are re-
mcmbercd by the older delegates here
How well its mission has been accom-
ulished, statistics. which l do not pro-
pose TO detail at length, will show.
Taking the reins of government in
1861 under the leadership of the Ia
mcnted Lincoln. it found the treasury
BANKRUPT our bonds. bearing I 80 per
cent. principle and interest payable in
coin. were selling for IS cents on 4 DOL
lar with few purchasers, the outgoing
administration of Mr.. buchanan hay
ing hut Il few days before paid II per
cent for money, on the credit OF the
credit of the government. with which to
close its unfortunate career. 1t met
with. and successfully suppressed, the
greatest rebellion of the worlds his
tory. it inauSurated ana devised great
principles OF finance. of rcconstructi"n
Of resumption, Of reciprocity, Of pro-
lection. for which We stand. today. 1t
assumed a national debt in 1850 Of
over g.. 500, 600. 900 and reduced it in -
years to less than $500, Gee, 600 and les
sencd during the time the rate Of in
tcrcst from $40 per cent to 21a per
cent.
During its supremacy the valuation
of the country has increased from SIG
600 900 600 in 1860 to Si2S,H00,N0o,-
600 in 1903. and the population from
81. 900 00O in 1860 to Si.G00.O00 in 1909.
In 1860 the deposits in the savings
banks of the country were $ii9.0GO,oOo,
IN average of $4.15 per capita. In 1903
these deposits amounted 10 $2"0o,0od.
600, an average per capita of $36.l2.
The increase in Maine is more phenoni-
email still. In 1850 the. savings bank
deposits In Maine We're $l.iG6, o00, an
average pc: capita Of $2.32. In 1893
they amounted to over S13000Q0O. an
average OF $10S.t5 for every man, wo-
man and child in the state.
our government bonds bearing , per
cent. which represent more than half
our national debt Of about 5000. 100000,
are. today. selling in the markets of the
world ut a premium of per cent.
Since the Democratic administration
Of Mr.. cleveland. the total bank de-
posts Of tho United states have in
creased from $4,000 600. coo in 1895 20
more than s950D. COOS GOO IL 1909. These
figures are without parallel or approach
in the financial. commercial ana indus
trial history ot the world.
| have never been able to understand
how an intelligent man. living in New
England. ana especially in Maine. can
be Il Democrat. Ii cannot be ON ac-
count of any pride in the past achieve
mcnts of his party. Show me single
great national mea sure devised and
carried out by the Republican party
during the past sa years, under tho
provisions of which etr population has
trehled and our wealtil increased eight
fold. which has nat hrcn opposed by
the Democratic party, i'll Congress ana
out, with all the veGnW that party pos
scssas: show NE a single constructive
measure devised by the Democratic
party during these 80 years and | will
admit that my political affiliations have
been n mistake.
What is their party history during
these past 30 years? In 1856 they an
plauiol and adopted as Il part of their
polite al creed decision Of the Demo-
cratic supreme court that tie coiored
man had no rights that Il white man
was bound II respect. In 1860 the dom
inant wing of the party, dominant then