Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1904-06-29
SPEECH BY ELIHU ROOT.
Temporary Chairman Republican
National Convention.
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A-.-Elihu Root. temporary chairman of
the Republican national convention, in
his address at the Chicago Coliseum,
spoke in part as follows:
The responsibility OF government rests
upon the Republican party. The com
plicated machinery through which the
S0,000,000 people of the United States
govern themselves answers TO no single
will. The composite government devised
by the trainers OF the Constitution TO
meet the conditions Of national life more
than a century ago, requires the wiling
cooperation of many minds the N
bination of many independent factors. in
every forward step for the general well
fare.
Government on Practical Basis.
The practical governing instinct of our
people has adapted the machinery devils
ed in the eighteenth 10 the conditions of
the twentieth century by the organiza-
ton of national political parties. In
them men join for the promotion Of
few cardinal principles upon which they
agree. For the sake OF those principles
they lay aside their differences upon less
important questions. To represent those
principles and TO carry on the ern-
ment in accordance with them. IL pre-
sent to the people candidates who's,
potency and loyalty they approve. Fhe
people by their choice of candidates in
dictate the principles and methods which
they wish followed in the conduct OF
their government. They do not merely
choose between men; they choose be-
tween partes-between the principles
they profess. the methods they follow,
the trustworthiuesS of their professions,
the differences to he drawn from the rec
ords of their past the general weight of
character Of the body of men who viii
he brought into participation in govern
nent by their ascendency.
When the course of the next admins
tration is but half done the Republican
party will have completed the FIRST half
century of its national life.
History affords no parallel in any age
or country for the growth of national
greatness and power and honor. the wide
| diffusion Of the comforts of life, the mp
lifting of the great mass of the people
above the hard conditions of poverty,
the common opportunity for education
and individual advancement. the univer-
sal possession Of civil and religious lib
erty, the protection Of prop.rty and Sc
curity for the rewards of industry and
enterprise, the cultivation OF national
morality, respect for religion. sympathy
/ with humanity and love of liberty and
| justice which have markS he life Of the
American people during this long period
| OF Republican control
Internal Taxes Are Redrfced
Four years ago the business of the
country was loaded with burdensome,
| internal taxes, imposed during the war
| with Spain. By the acts OF March ,.
/ 1901, and April u, 1902, the country
/ has been wholly relieved Of that annual
| burden of over S1o0,OOo.0 600, and further
accumulation of a surplus which was
/ constantly withdrawing the money Of
! the country fran circulation has been
/ prevented by til reduction Of taxation.
| Between the . tn of June, 1900, and
the LIST of June 904, our Treasury De
partment colleC & in revenues the enor-
/ Nous sum Of So. 2o3. 100000 and expend-
ed 50 02S. 600. leaving us with sur
| plus of over SlT0.o00.000 after paying
! the S50000.000 for the Panama canal
End loaniny 100000 to the St Louis
4
ordinary payments. which are inyes Z
ments from past surplus and not expep"
Gitures of current income the surplus
for this year will be the reasonable
amount of about S12,000,000.
The vast and complicated transactions
Of the treasury. which for the last fiscal
year show actual cash receipts Of Si.250,-
! 290262 and disbursements of S4,l13, 1872
O. -ttI .rssa ny
accuracy and fidelity and without the
/ loss Of a dollar Under wise manage
/ meat the financial act Of March Il, 1900
! which embodied the sound financial pIdn-
| ciples of the Republican party and pro-
vided for the maintenance Of our cur
rency on tie stable basis OF the gold
standard has wrought out beneficial re-
/ suits.
/ ga inc LIST If March 1901. when the
second administration OF Mckinley be-
gan. the money in the country was s.,
/ 4G7. 295. 22S. This was S2S.34 per capita,
/ and Of this 4a2T3 per cent was gold
/ On the 1st of May last the money in
! the country was S2.S14,9s5,446, which
was $3l-02 per capita, and Of it 4So2S
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. whit
the silver certificates and gFeenbacks axe
/ of small denominations. As the large
gold certificates represent gold actually
on deposit, their presentation at the
treasury exchange for gold can never IN
/ fringe upon the gold reserve.
As the small silver certificates and
| greenhacks are always in active circula-
| ton. no large amount of them can be
accumulated for tie purpose Of drawing
on the gold reserve; and Thus, while ey-
cry man can get gold dollar for every
/ dollar of the governments currency. the
! endless chain which we were once taught
! ia fear 50 much has been effectively pu;
/ out If business.
Practical Regulation of Trusts.
At every election the regulation OF
! trusts had been the football Of campaign
| oratory and the subject OF many nSin-
cere declarations.
| Our Republican administration has
/ taken up the subject in practical seusi-
/ BILE way as q business rather than Il pc.
| litical question saying what !. really
meant and doing what lay at its hand
/ To he done TO accomplish effective regu-
/ lations The principles upon which the
! government proceeded were stated by
/ the President in his message Of Bccem-
her. 1902 He said:
! "A fundamental base Of civilization
| is the inyiolahihty Of property; but this
| Is in no wise inconsistent with Tire rights
| Of society 10 regulate the exercis OF
| the artificial powers which il COT -