Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1904-07-07

ton of money among the people in the
United States increased from $23.1f.
March, 1897, to s31.02 in May last. and
| that the credit for that and the con-
sequent prosperity following it was
due to the Republican party.
The temporary chairman next boast
ed that the Republican party had by
| manipula ton which he described of the
| currency and certificate denomination
made. it so difficult to get gold out OF
| the treasury in exchange for other
forms of money that practically it cam
not be done at all to any large extent
and hence that all danger of an end
less chain thereby produced haste. The
temporary chairman then told the
country that the act to expedite hear
ings OF the trust cases, namely, the
act of February II. 1903. was 'Republi-
can legislation He forgot to say that
every Democrat voted fer it and yet
that is my recollection. l have never
known more ingenious mind thah
that of ex-Secretary Root.
1.-The ex-secretary then tells us in 4
burst of eloqucnce that the fatal 18th
Of September, 1901. marked no change
Of policy that when the kindly and
/
way from the earth he left behind nm
no break-his policy was continued III
shirt nv his successor Who is there in
| America of common sense VINO uoeS
not know better? The changed spirit
Of the policy of the administrator WIN
regard to reciprocity with foreign ma
lions. with regard to local self-goVefn-
ment in the South and i'm 20 respects
which it would take too much time To
| EARTHQUAKES, will suggest themselves
| to your minds at once. But to go INTO
the authoritative utterance OF the Ike
publican party in Congress assembled.
..,rbe platform. like the temporary
chairman's speech deals chiefly IN the
boast that the Republican party is re-
snonsjble for everything good, which
has hammered. 1t also deals much in
ancient history. 1t did well to go back
so years ago. The present Republican
party needs a running start OF 1uliy "o
wears to enable the imagination of the
American people to jump over its pres
ent obstructiveness and its revision OF
live issues which lie in it's pathway to
success in this year of 1904. The plat
form in speaking of the accession of
|
Mr.. Clevelands second administration
had expired. uses this language: we
then found the country, after four years
| of Democratic rule in evil plight, OPP
pressed with misfortune and doubtful
of the future. Public credit had been
lowered, revenues were declining, the
debt was growing. the administrations
attitude toward Spain was feeble and
Notifying, it's standard of values was
threatened and uncertain. Labor was
unemployed. Business was sunk in the
depression which succeeded the panic
, of 1898 Hope was faint and conf
dence was gone
"SuppOsing / paraphase that utter
, ance, by saying that when Mr. Cleve-
: land succeeded to the Presidency IL
March, 1898, after four years of Repub-
Iican administration under Mr.. Harri-
, son the Democratic party found the
country after n long period of public
| misruIe and extravaganza in evil plight
oppressed with misfortune and doubtful
of the future. Public credit had beer
lowered, the revenues We're declining
The outgoing administration was pre-
pairing and had prepared to issue
bonds. The government deficit was
confessed. The panic which had dew
astated the world was relentlessly APP
preaching our shores. A long sat
urnalia of extravaganza public and pri-
vate of reckless speculation had beer
already followed by depression. Corr
was burned for fuel in Kansas and else
where i'm the West i'm 1890 and after
lI.- bal q lyiR
of production. The acute Reaction
panic was inevitably approaching evet
before Cleveland was elected
"To go on with the paraphrase, 'un:
der Harrison's administration for three
years hope was faint and confiderlcf
gone The plight of the people WAS 20
desperate that like drowning men they
, were catching at straws. Many nos
trums were being suggested. Agrarian-
ism and state socialism in the shape OF
the sub-treasury and other scheme:
were rife from 1890 and thence on
The two old parties as they were
called were blamed for it all, but The
one i'm power was blamed most, hence
the one out of power got in. Men adj
yocating these nostrums in the state OF
| puDifc thtii du-
diences. throughout the suffering West
and depressed South, no longer by
numbers, but by the acre.
"Who will deny the historical trutf
of n single sentence of the paraphrase
why pretend to have forgotten all this
Why not be honest with the people, as
men ought to be? 1t is true that aftel
! the election of Mr.. Cleveland the
chronic business depression continued
1t is true that it became acute; in q
word, reached the banks-and then tbs
, fright or panic of 1893 came. which was
not n local or American condition. but
one which existed from where Vienna
/, nestles on the Danube to where Bueno:
, Ayres commands it's bay. one whose
foundations had been laid long before
, 1t reached us. almost last among the
nations. Then, with the panic upon us
more nostrums of a national character
were suggested to cure and evil OF
= world character One of them as you
q will remember, was the repeal of the
= purchasing clause of the Sherman act
| tod ~ 10.