The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1908-04-01


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
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 cre-
ated in the state a labor commission.
to which is submitted for settlement
disputes between employer and en-
ploye, provided for factory inspection,
prohibited the employment of child Ia
Dor, and enacted more than thirty laws
Of great importance for the protection
and in the interest and for the welfare
of tie 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-
tons in the business world existed
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 we're 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 a 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
restoration 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 were two
distinct and completely opposite poll
cies of government; one was destruc
tive of both confidence and business
the other the 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 its
administration of affairs direct and
guide legislation. Which one shall bt
| successful rests with the voters of The
United States and depends upon the
| care and intelligence with which the!
exercise their right of suffrage. Under
Republican policies business paraly
sis was replaced by business activity
which in point of extent among oul
people and volume in value, has nevel
been approached by any other people
any time.
The planting of the factory by tn,
farm, and the maintenance of condi
lions under which both lines of indus
try were maintained and developed
among our own people in what we cal
our domestic trade, brought g volum
Of business so tremendous that mer,
figures fail to intelligently explain
The activity of the factory made
market for the farmer, and the pros
perity of the farmer created a marke
for the factory. The first year of tn
Cleveland administration showed
balance Of trade against us amount
ing to approximately nineteen million
of dollars. But last year the balanc
of trade in our favor was in excess Q
$517, 900, 900. The aggregate balanc
of trade in our favor of all the year
from Washington to Roosevelt equal
but one-tenth of the balance of trad
in our favor during the last ten year!
At the close of the fiscal year 1885,
the total volume Of gold in the Unite
States treasury was $156,O0O,000 o
March Is, 1908, the total volume wa
$1,009 ,239, 041 62-the largest store {
gold ever held at one time by any go
eminent in the world. Our exports {