Memorial Address On the Life And Character of William Mckinley

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By patience, by firmness, by sheer rea- sonableness, he improved our understanding with all the great powers of the world, and rightly gained the blessing which belongs to the peacemakers.
But the achievements of the Nation in war and diplomacy are thrown in the shade by the vast economic developments which took place during Mr. McKinley's Adminis- tration. Up to the time of his first election, 2>7 the country was suffering from a long period of depression, the reasons of which I will not ivy t
...o seek. But from the moment the ballots were counted that betokened his advent to power a great and momentous movement in advance declared itself along all the lines of industry and commerce. In the very month of his inauguration steel rails began to be sold at eighteen dollars a ton — one of the most significant facts of modern times. It meant that American industries had adjusted themselves to the long depression; that through the power of the race to organize and combine, stimulated by the conditions then prevailing, and per- haps by the prospect of legislation favorable to industry, America had begun to undersell the rest of the world.

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