The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1908-04-01

for the sole purpose of the benefit
which shall accrue TO the unfortunates
dependent upon such institutions for
their home Laws have been enacted
resulting in much economy in the ex-
pendtures of county and state funds,
and in such reduction of the state debt |
as shall make it possible for its COM
plete payment before the end of the
term of the governor nominated by
this convention. Notwithstanding the
improvements in the construction of
new homes for our dependents and the
repair of others, approximately seven
millions of dollars have been paid
upon the state debt. and all this with a
total tax levy less than during the
preceding period Of Democratic con-
troll in state affairs The creation of
the railroad commission and the rail-
road rate law of recent enactment,
have proved both wise and popular.
During this period the party has Gre
ated in the state labor commission,
to which is submitted for settlement
disputes between employer and en-
ploye. provided for factory inspection,
prohibited the employment of child la
Dor, and enacted more than thirty laws
of great Importance for the protection
and In the interest and for the welfare
Of the wage-earners of the state. The
pledge of the party for laws authoriz-
ing depositaries for public funds and
the saving. of interest derived there
from for the benefit of the people, have
been faithfully kept.
Assurance to the People.
This record so briefly recited gives
assurance to the people of a continu-
ance Of like service and equal fidelity,
so long as the Republican party may
be entrusted with control. Indiana
has shared in the burdens Of national
control, and enjoyed throughout this
period the fruits of Republican sue
cess. The states delegation in con-
gress-both senators and representa-
tives-has reflected credit upon the
state. and rendered signal aid in gov
ernmental affairs. When Mckinley as
sumed command of the ship of state
by order of the people in 1896, condi-
which all agree were most deplorable.
Confidence had been overthrow, pub
lie policies were in confusion. business
was paralyzed and idleness universal.
Such conditions had not happened
through accident. Causes real and
powerful were responsible for them.
The conditions which followed the
election of Mckinley did not happen
by accident. Causes equally real and
powerful were responsible for them.
The conditions Immediately preceding
1897 were caused by the policies and
principles advocated by the Democrat
ic party in unwise tariff legislation Of
the Fifty-third congress, the attack
upon the standard of value in the eff
fort to establish the free and unlim-
tied coinage of silver, the remuneration
of the principle of protective policy,
and the threat to weaken the influence
of the federal judiciary, undoubtedly
combined to produce the hard times
which preceded the year 1897. The
restora ton of the principle of protec-
ton, as embodied in the Dingley tariff
law, the enactment of the gold stan
dard legislation, and the vote Of con-
fidence in and approval Of the federal
judiciary, combined to re-establish
confidence in the commercial world
and restore activity in business which
resulted in the unprecedented and I'M
paralleled prosperous times which fol-
lowed the year 1897. Here We're two
distinct and completely opposite poll
cies of government; one was destruc-
tive of both confidence and business,
the other the re-establishment of both
confidence and business. One espous-
ed by the Democratic party, and the
other championed by the Republican
party. One Of these parties will con-
troll in the coming election, and in it's
administration of affairs direct and
guide legislation. Which one shall be
successful rests with the voters Of the
United States and depends upon the
care and intelligence with which they
exercise their right of suffrage. Under
Republican policies business paraly-
sis was replaced by business activity,
which in point of extent among our
people and volume in value, has never
been approached by any other people,
any time.
The planting OF the factory by the
farm, and the maintenance Of condi-
tons under which both lines of indus
try were maintained and developed
among our own people in what We call
our domestic trade, brought a volume
of business so tremendous that mere
figures fail to intelligently explain.
The activity of the factory made a
market for the farmer, and the pros
perity of the farmer created a market
for the factory. The first year Of the
Cleveland administration showed a
balance of trade against us amount
ing to approximately nineteen millions
of dollars. But last year the balance
of trade in our favor was in excess OF
S517 900. The aggregate balance
of trade in our favor of all the years
from Washington to Roosevelt equals
but one-tenth Of the balance of trade
in our favor during the last ten years.
st the close of the fiscal year 1895,
the total volume of gold in the United
States treasury was $156. 600, 900. On
March IS, 1908, the total volume was
$1,000. 239, 041 62-the largest store of
gold ever held at one time by any gov