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Show ntw ! CLOSED DOO"R" FINANCE till l mM St'uator McC,umbqr 011 the 2nd In- il ' 1 Btant - charged Umt tlo Domocrats, Hi! j ' behind closed doors, wero concoct- HI Ing now schemei) of taxation. IIo Mr. i Ml' I said: 1 "A a wo tho Ropubllcan mem- I 1 V nf I i bors aru not nvltcd to meet with !" them, 1 11ropo.su totake occasion. Sow 4 it i . . to present some thoughts and tacts for their consideration, presenting1 the wesj, , Ropubllcan vlow, with "the hopo that 4 at lea it they will bo roadjill noUcon- WSM '' ' sidcrq I by tho Democratic, members nJ '' of thoicommltteo." '"' Mm I Mr.t Prosldent, tho "'government fl 1 p .1 . , IfL 4 must not bo allowed Ho disclose an rljl empty r bankrupt treasury. Us bills mjf 1 must ho paid as tlioy'bccolno duo. An HI i ackno)edBQjnenUcjf l jnrtHUtp, -ffil li' meet acmaudS'upon It would bo a fHR l calamity. Thln;ondl)l)nfli9w.evSrI s KM 1 I la closS nt band in tills country .jyul, M wo nniicallod upon to' Ttieot' It. Tho jHJI ( ' Moh'now is, Hovosball tlmt'pqnji dltlon bo met7 How shall that catas I tiopho bo avoided? Thero aro only i,o ,nj3 Increase tho burden of taxation on a people who are already sunurlng from tho stagnation of business busi-ness duo to your tariff law of 1918, or glvo your noto, bearing a small rate of Interest, fof tho necossarjr amount to meot tho dellcit, until you can reinstate the old policy which was raising a sufficient revenuo to run tho go eminent. A sensible man dealing with his own private matters would not hosltato a single moment ns between this greater and this lesser less-er evil, no would reason thus: It 1 borrow tho 150,000,000 my Interest charges, which aro losses will be 450-000 450-000 annuullj'; but If 1 continuo tho present revenue policy I will continue to lose $160,000,000 annually. I will glvo tho noto and chnugo tho policy ut tho caillest posstblo moment. That, Mr. President, Is tho conclusion conclu-sion this Congress representing tho Interest of all tho people, ought to reach today. Uut thero is little hopo of changing a policy which has been inaugurated until tho administration which espouses that policy has been changed for another and that will require two years more. But we can far bettor afford to loso tho llttlo Interest upon tho bonds for a couplo of years than to tax tho people tho equivalent of tho whole- principal each year. Mr. President, Democratic policies have now been In operation Just one year, and the old condition which has always marked tho fiscal policy of tho country under tho control of that party baa again resulted, first, In business stagnation, all ovor the country; second, in exponses greater great-er than Income; and third, fn tho usual attempt to meet tho situation by Inflating tho currency by turnlhg out a billion or so of extra paper dollars. Uut, Mr. President, your inflation prescription not only will not bo a romedy at all, but It will create an HI which In the end will require most drastic and painful treatment for Us euro. Tho time will como when wo shall either have to redeem this it excessive Issue of paper dollars or commit tho unforgivable crime against tho whole country of gross ly cheapening tho savings of all tho people 1 Mr. President, wo nave all tho money In tho United States necessary neces-sary to conduct all of Its business. Wo hao moro dollars available for circulation today than ever beforo In our history; but they aro idle dollars. dol-lars. What, wo need Is not more dollars, but a policy that will banish tho feeling of dread and glvo confidence confi-dence to tho business of tho country. Tho conditions aro similar to and we have tho samo old controversy we had In 189G when tbo same Democratic Dem-ocratic tariff policies had laid their blight on all our Industries. Mr. liryan representing tho Democratic Demo-cratic Idea, then said: What tho country needs Is moro dollars. Mr. McKlnley, representing tho Ropubllcan Ro-publlcan Idea, said: What tho country needs Is more business, Mr. Uryan said'. Open up tho mints of tho country to tho froo colnago of tho silver of tho world and that will make business. Mr. McKlnley said: Opon up tho mills of tho country to tho free colnago coln-ago of American labor nnd enterprise enter-prise and that will mnko business.. Mr. Uryan eald: Wo want more circulating medium to create business. busi-ness. IIo did not explain how wo would start that medium circulating. Mr. McKlnley said: Wo want more business to circulate tbo money wo now have. t .Mr. Dryan's philosophy was: Cre-ato Cre-ato bricks and pcoplo will build Houses. vMr.rMoKlnley8 philosophy wbb: Creato tho demand for homes and ,thet'.brickr wilt bo forthcoming. Those Jjyp.: schools of philosophy fairly reflect the j Ropubllcan and Democratic ldoas of Jibe relation bo-woen bo-woen monoy and business. Business today' Is'voty dUH, "very stagnant, nnd orJemocratJc frjernlajcw'pect to reYjvo'lt by lining the country with |