Arizona republican., 1904-06-22
d, to the credit and honor of our coun-

ed. to the credit and honor of our coun-
 try.
 We shall ask it because the present
 policies of our government are benefi-
 cial and ought not to be set aside; and
 the peoples business is being well done,
 and ought not to be interfered with.
 Have not the American people reason for satisfaction and pride in the con-
 duct of their government since the
 election of 1900 when they rendered their
 judgment of approval upon the first i administration of President McKin-
 ley? Have We not had an honest gov ernment? Have not the men selected for office been men of good reputation who by their past lives had given evil
 dence that they were honest and com | petent? Can any private business be
 pointed out in which lapses from hon esty have been so few and so trifling proportionately, as in the public ser vice of the United States? And when they have occurred, have not the of- lenders been relentlessly prosecuted and sternly punished without regard to po- litical or rersonal relations?
 Have we not had an effective govern lliGlll- IldNe llOl llic lcNS UeCl GlilOlC-
 ed? Has not the slow process of legis-
 lative discussion upon many serious
 questions been brcIght to practical
 conclusions embodied in beneficial sta tutes? and has not the executive pro- ceeded without vacillation or weakness to give these effect? Are not the laws of the United States obeyed at home? and does not our government command respect and horor throughout the world?
 Have we not had a safe and conser- vative government? Hrs not property been protected? Are not the fruits of enterprise and industry secure? What safeguard of the constitutioil for vest ed right or individual freedom has not been scrupulously observed? When has any American administration ever dealt more considerably and wisely with questions which might have been the cause Of conflict with foreign pow CTS? When have more just settlements 1 been reached by peaceful means: When | has any administration wielded more ! powerful influence for peace? and ! when have we rested more secure in | friendship with all mankind?
 THE FINANCIAL RECORD.
 Four years ago the business of the | country was loaded with burdensome l internal taxes, imposed during the war with Spain. By the acts of March 2, | 1901, and April F, 1902, the country has been wholly relieved of that annual burden of over ore hundred million dollars: and the further accumulation of a surplus which was constantly the money of the country from circulation has been prevented by the reduction of taxation.
 On the 1st of March, 1897. when the first administration of Mckinley began, we had in the country including bull lion in the treasury, S1,S06,272,076. This | was S23.14 per capita for our population and of this 3S.S93 per cent was gold. On the 1st of March, 1901, when the second of Mckinley began, the money in the country was g. ,467. .295, ,22S. This was $2S.4 per capita, and of this 45.273 per cent was gold. On the 1st of May last the money in the country was $2, ,S14 9S5, 446, which was $31.02 per cap ; ita, and of it 4S.02S per cent was gold. This great increase of currency has been arranged in such way that the large government notes in circulation are gold certificates, while the silver certificates and greenbacks are of ( small denCminations. As the large gold certificates represent gold actually on deposit, their presentation at the treas lry in exchange for gold can never in fringe upon :he gold reserve. As the small silver certificates and 'greenbacks 1 are always fin active circulation, no arge amount of them can be accumu- ated for the purpose of drawing Cn the gold reserve; and thus, while every nan can get a gold dollar for every lollar of the governments currency, he endless chain which we were once aught to fear so much, has been ef- /, actively put out O: business.
 REGULATING THE TRUSTS. Four years ago the regulation by law