Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-07-06

for that and the consequent prosperity
following 1t was due to the republican
party What a curious boast this Is Tor
those lately denying 80 strennousiy that
the quantity Of money had anything to do
with the value Of money, OF the price OF
other things as measured In money, or
with an ascending scale or prices Win
national prosperity. This was all denied
but yesterday. Now it Is asserted that
the volume of metallic money has been
immensely increased, that 1T has brought
prosperity and that it has all been due TO
republican legislation.
due to what act Of Congress? passed by
them? Was republican legislation operative
in South Africa and the KIondike, and did
it cause the new inventions for the more
profita Bile extraction of gold from gold ore!
Did republican legislation add two billions
of gold to the worlds stock of money
metals in the last eight years? Was 1t re-
publican legislation which made the i'm
mense crops of cotton, wheat, corn ETC.,
which enabled these United States to draw
more their pro rata share OF the world
stock of money metals, thereby increasing
their own stock of gold by 100000. 900
What partnership Is this between God,
human industry and ingenuity, ana the re-
publican party, Of which the republican
What monumental effrontery Ia this, which
enables them to boast of the benefits OF the
Increased volume of standard metaLnc
money and consequent prosperity by the
money, which theory they found no Ian
guage strong enough to deny and ridicule
but yesterday.
Currency Manipulation.
1.-THE temporary chairman next boosted
that the republican party had by a manipu-
lation which he described. of the currency
and certificate denomination, made 1t so diff
ficult to get gold out of the treasury In ex-
change for other forms of money that
practically 1t cannot be done at all to any
large extent, and hence that all danger of
an endless chain thereby produced has
ended. If so is this not keeping the gold
redemption promise to the ear. but break
ing 1t to the hope?' The eX-secretary then
boasts that the Secretary of the Treasury
can and does contract and expand the
country's currency at his will. and illus
trates this by the occurrences which hap
pened In 1902, which he quotes. Remember,
he boasts that this is fact. If so, what
magnificent one-man power it is. 1t Is
almost as great as that lately welded by
the Ex-Secretary of War himself. when he
was ex-officio emperor of the Philippine
archipelago, when as he himself subse-
quently said in public address, questions
affecting the interests and lives of millions
Of people had to be decided by him upon
not much more than a moments notice and
entirely within his own discretion. What
do the men who believe that the govern
ment ought to go out of the banking bust
ness and the men who believe that the
banks ought to go out of the governing
business think of this remarkable this
boastful assertion that one man in the
United States can, and does, contract and
expand the currency which furnishes the
life blood Of commerce, at his own sweet
will?
THE temporary chairman then told the
country that the act to expedite hearings Of
the trust cases, namely. the act Of Febru-
airy ii, 1903 was republican legisla ton.
forgot
for it, and yet that is my recollection.
have never known a more ingenious mind
than that of Ex-Secretary Root. His in
genuity Is never SO marvellous as when it's
power is illustrated by the things which he
forgets to mention. Verify, he is the Root
of all evil,' when 1t comes to making the
worst appear the better side of reason
Heritage From Mckinley.
1.-The ex-secretary then tells US in a burst
of eloquence that the fatal 18th of Sep
TENDER, 1901, marked no change of policy;
that when the kindly and fraternal soul of
Mckinley wended it's way from the earth
he left behind him no break-his policy was
continued in spirit by his successor
Who is there in America of common
sense who does not know better? Tho
changed spirit of the policy of the admins
tration with regard to reciprocity with for
eign nations. with regard to local self
government in the south, and in twenty re-
spects which 1t would take too much time
to particularize will suggest themselves to
your mind at once.
But to go into the authoritative utter
ance of the republican party in convention
assembled. The platform, like the tenn
porary ohairman's speech. deals chiefly in
the boast that the republican party is re-
sponsibie for everything good which has
happened. 1t also deals much in ancient
history. 1t did well to go back fifty years
ago. The present republican party needs a
CT art Of f,,1x
the imagination of the American people to
jump over its present obstructiveness and
its evasion of live issues, which lie in its
pathway to success in this year of 1904 The
platform in speaking of the access of the
republican party to power after Mr.. Cleve-
lands second administration had expired
uses this language:
The Platform Paraphrased,
1--WE then found the country, after four
years of democratic rule, in evil plight, op-
pressed with misfortunes and doubtful of
the future. Public credit had been lowered,
revenues were declining. the debt was grow
ing, the administrators attitude toward
Spain was feeble and Notifying, it's stand
ard of values was threatened and uncertain
Labor was unemployed. Business was sunk
In the depression which succeeded the panic
OF 1893. Hope was faint and confidence was
gone
oOppOSe pdTdpHTdSe InaG utterance by
saying that. when Mr.. Cleveland succeeded
to the Presidency In March, 1893, after four
years OF republican administration under
Mr.. Harrison. the democratic party found
the country. after a long period of public
misrule and extravaganza, in evil plight
oppressed with misfortune and doubtful of
the future. Public credit had been lowered,
revenues were declining The outgoing ad-
ministration was preparing and had pre-
pared to issue bonds. A government deficit
was confessed. The panic which had de-
vastated the world was relentessly ap-
preaching our shores. A long saturnalia Of
extravaganza. public and private. and of
reckless speculation had been already fol-
lowed by depression. Corn was burned for
fuel in Kansas and elsewhere in the west
III 1850, and after. Cotton was at or below
the price of production. The acute reaction
which we call panic was inevitably APP
preaching, even before Mr.. Cleveland was
elected. Business was sunk in the depres-
SON. which preceded the panic of 1888
Labor was unemployed or poorly remun-
Grated IN factory or field, especially in the
latter. Indeed, business depression, espec-
tally in agriculture and the lack of ade-
ouate remuneration for labor. taken to-
sether with the high prices of manufactures
under TIE Mckinley act (high prices es-
peCially accumulated to public realization nv