Evening journal., 1908-06-16

done in the last four years Of govern
mental control-in manv respects the
most remarkable and brilliant in the
history Of the party and the country
to forfeit public confidence or create
distrust in its capacity for future ad-
ministratlon? Although some untoward
and foreseen conditions have beset
the Republic during the last four years.
yet these have been met and overcome
with alacritY and courage. and the
country has marched steadily onward in
its matchless course OF industrial tri-
umphs. The wise and benehcent
legislation Of the Republican party dur.
ing the long years of its ascendency
and administration Of national affairs
laid the foundation for the public veal
so securely that no disquieting condi-
ton. not even a temporary panic. which
necessarily touches the handspring Of
all industrial life. could errest the coun-
trv's resistless advance
"Since the last national Republican
convention. four years ago. our popu-
lation has increased from 81 1-2 millions
to 81 1-2 millions, while 4 millions OF
immigrants from every quarter Of the
globe have found welcome to our shores
and protection under our flag During
the last four years our foclSs and herds
have increased in value from 299s mill
lion dollars to 4.ss1 millions. The value
of our farm products from 5.917 mill
lions to 7.412 millions. The output Of
coal from 214 million tons to 42O mil
lions. Our output Of gold from "A mil
lions OF dollars to 80 millions. The
accumulation in savings banks OF isis
million dollars in 1903 was augmented
TO s,495 millions in 1907. The deposits
in all banks in 1903, aggregating 1858
million dollars. reached the fabulous
sum OF 1s billions in 1907. an increase
of 3.546 million dollars in four years.
Two millions of spindles in our cotton
mills were added. and the domestic cot
ton used in our factories in 1907
amounted to over million bales. as
against ss24.OOO hales IN 1908. The i'm
portations of raw silk to supply our
mills increased from little over Is
million pounds in 1903 to nearly 10 mill
lion pounds in 1907. In spite of the
disouieting conditions incident to the
regulation OF rates on interstate rail-
roads. 20 thousand miles of new track
axe have been ADDED IN the past four
years.
The tonnage OF vessels passing
Through the Sault Ste Marie Canal has
increased from 2s millions in 1903 to "A
millions in 1907.
1.-THE output of pig iron. the barometer
OF trade. in 1907 was 25.7s1 900 tons. as
against little over IS million tons in
1903 and our exports OF iron and stoel
! t~..o.-o.4 F.a... zoe eA1 onn fQnQ o..
s1s1. .5s1 900 in 1907.
1.-THE cotton fabrics wrought in
American mills from our domestic fiber
consumed in 1903. 1924 million bales
while in 1907 they required more than
millions. Our exports of manu-
features advanced from f6s million dol
lars in 1908 to 74O millions in 1907. Our
imports OF raw material for use in
domestic manufacture Increased from
$50 million dollars in 1903 to Az mil
lions in 1907. while our exports in
calendar year of 1907 we're nearly 2 bill
lion dollars, an increase Of 30 per cent
over those Of four years ago The
mills and factories temporarily closed
bv reason of financial disturbances are
rapidly resuming operations. calling
labor back to profitable employment.
, This record Of material activity in deld
/ and forest. factory and farm, mines
and mills during the last four years
might be indefinitely extended, but this
. is quite sufficient to show the develop
ment and robust condition of our in
, dustrial life.
The nine great executive departments
Of the Government through which the
head of the nation speaks and acts,
have advanced with steady and resoluts
steps within the sphere Of their activi-
ties. presenting record of achieve.
ments during the last four years of
; intelligent and progressive administra-
: tion unexampled in the history Of the
/ Government"
{ Continuing. Senator Burrows said:
1.-THE recent panic called the attention
Of Congress to the necessity OF further
legislation. and a measure has been
1 passed providing for an emergency cur
E rencv OF $500. 900 900 10 be issued under
5 certain conditions ana limitations, an
/ authorization. 4 is believed. which will
l prevent the recurrence Of any such
disaster as befen the country last fall
4 The secretary OF the treasury has al
s ready taken the necessary steps to Civ;
, effect TO this legislation. and banking
I associations are already forming e
e avail themselves OF the teneits of thi:
= act. It is doubtful II the provisions
OF this act viii ever be invoked. as the
a ability TO supply S5oo,ooooOO additi ona
4 currencv whenever needed will Of itsel
e have a tendency to make its issuanct
S unnecessary.
= 'In the meantime. however. the Re
: puhoSan party IS not indifferent TO tk'
1 necessitv of a further and conprehen
), sive revision of our monetary an,
:. banking system. and to that end thl
G Congress- Just closed authorized tn
e creation Of monetary commission
e COMPOSED OF IS members of the tw'
e Houses Of Congress. clothed with powei
= TO INQUIRE into and report TO Congress
4 at the earliest date practicable wha
changes are necessary or desirable Il
= the monetary system CT the Unite'
= States or in the laws relating to bank
Y ing and currency. and for this purpos