Speeches of Benjamin Harrison, Twenty-third President of the United StatesHarrison, Benjamin
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Speeches of Benjamin Harrison, Twenty-third President of the United States
Harrison, Benjamin
Harrison, Benjamin, 1833-1901; Speeches, addresses, etc., American; United States -- Politics and government
As to it the money was dead; only the banks received interest for
its use. By the third method the money would be returned to the
channels of trade and the Government would make the difference between
the premium paid for the bond and the interest that the bonds would
draw if left outstanding until they matured. If a Government bond
at the market premium is a good investment for a capitalist who is
free to use his money as he pleases, can it be bad finance for the
Government, having money that it cannot use in any other way, to use
it in buying up its bonds? [Great applause.] It is not whether we will
purposely raise money to buy our bonds at a premium--no one would
advise that--but will we so use a surplus that we have on hand and
cannot lawfully pay out in any other way? Do our Democratic friends
propose to give the banks the free use of it until our bonds mature,
or do they propose to reduce our annual income below our expenditure
by a revision of the tariff until this surplus is used, and then
revise the tariff again to restore the equilibriums? [Great applause.]
I welcome the presence to-day of these ladies of your households. We
should not forget that we have working-women in America. [Applause and
cries of "Good! good!"] None more than they are interested in this
policy of protection which we advocate. If want and hard conditions
come into the home, the women bear a full share. [Applause.] And now
I have been tempted to speak more at length than I had intended.
I thank you for this cordial manifestation of your confidence and
respect. [Cheers.]
The fourth delegation of the day came from Grundy County, Illinois,
headed by the Logan Club of Morris. An enthusiastic member of this
delegation was the venerable Geo. P. Augustine, of Braceville,
Ill., aged 77, who in the summer of 1840 employed the boy "Jimmie"
Garfield--afterward President of the United States--to ride his horses
on the tow-path of the Ohio canal between Portsmouth and Cleveland.
Hon. P. C. Hayes, of Morris, was spokesman for the delegation. General
Harrison said:
Public-domain text, read in full here on John Shaqi.
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