Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1891-08-26

n EtrsSsrsS% II
! > "
MAJ. MKINLEY.
fined that no misunderstanding or evasion
can arise. Both platforms speak for their
respective parties in the state upon those
/ public questions which are the exclusive
al legislation. The Democratic platform
declares for the free and unlimited
coinage of silver of the world. The
Republican platform stands in opposi-
ton to anything short of q full and
complete dollar and approves Of the legis-
| latiOn of the last Congress. which is q
mighty bulWark for the protection OF sill
yer. The free coinage demanded by the
! Democratic platform means that all the
silver of the world can be brought to the
! minis Of the United States and coined at
the expense OF the government; that the
/ United States minis must receive 1925
grains Of silver worth so cents the world
over and coin therefor silver dollar
which by the fat Of the government is to
circulate among the people as a full dollar.
1t does not take q very wise man to see that
this short dollar will become in time the
exclusive circulating medium of the c0un-
try. The gold dollar viii be taken from
the circulating medium of the country and
boarded. and the effect will be that the
circulating medium Will be reduced to the
extent of the gold now circulating and we
will be compelled to do the business of the
country With silver dollar exclusively
The volume of our money will be con-
tracted. r
We have not been able to secure an in
ternational ratio which all the nations of
the world would ADOPT, and with free coin
age the United States would be still fur
tbeT removed from any international agree
ment. Nations which are on silver basis
alone are the poorest nations Of the world,
and are III constant financial disturbance
and monetary disorder. The danger of
free coinage has been pointed out over and
over again by the leading statesmen of
both political parties, and no one has
spoken with greater ability on the Dem
ocratic side than eX-Prcsident Cleveland.
GOV. Campbell declared that while
he had his doubts about it, be
was willing to chance free coinage.
Under present conditions the country
cannot afford to change. II there is to be
any profit In the coinage OF silver it should
20 TO the government as it has ever since
the Bland-AlliSon act. This new declara-
ton would take it from the government,
ami give it to the silver producer. No
class of people would sutfeE so much from
the 8O-cent dollar as the wage Gamer and
agrieulturist. | am in favor OF the double
standard, but | am not in favor Of free
and unlimited coinage until the nations of
the world join us IN guaranteeing to silver
a status which their laws now accord to
GOLD * X
When the attempt was made In 1867 by
the leaders of the panty that now stands in
opposition to the Republican party to re-
pudiate the national debt or pay it in de-
preciated currency, the soldiers, St49ed with
the party which represented good faith
and swept back the tide of imitation and
for their pensions until the great money
obligation was provided tor. The govern
ment credit was therefore sustained, and
over two thousand millions of tbs great
debt has been paid Off IN full dollars.
Now the chief creditors OF the government
are the soldiers. Is it right to force upon
them a dollar worth so cents when other
credltGCs of the government were paid
dollar worth 100 cents? For one, / shall
never consent that the soldiers, shall be
paid In any poorer com than the most ia
vored creditors Ohio has never III the
past given heg vote for a debased currepcy,
and she will not do so in the future.
When the country was wild for imitation
in 1876, under the pressure Of hard times.
the sober sense of the people OF this state,
awfuktide. The people Of OhIohaV more
to do than amy other slate in keeping the
nation upon the rock of honest finance and
honest currency. Thousands of Demo-
Gratis, left their party and helped In that
great struggle, and the people OF Ohio will
take no backward step.
After citing statistics to show that the
per capita circulation Of the country is
greater now than ever before, Major
Mckinley turned his attention 80 the
tariff, treating that subject at great
length. He said
A revenue tariff such as the Democratic
party OF Ohio advocates is we'll conceived
to benefit every other nation but our own.
1t has more than once in our history failed
to supply the revenue wants OF the gov
eminent 1t has found our country pros
porous and our treasury well supplied,
and few years under its operation has
left the treasury bankrupt and the bust
ness Of the country IL deplorahle cOndi-
ton. The protective tariff has never
failed i'll time OF peace, no matter how
great were our expenditures, to- supply the
revenue required, and has never failed but
thee times, and then in war, to provide
the enormous revenue needed for the pub
lie service. 1t has proven an lnfallible
agent in raising public revenues, and
While doing this has served that
| other important office Of adjusting the du-
| ties upon foreign goods so as to give the
| largest protection to our own industries,
the widest field Of employment to our own
| labor, and the most generous encourage
ment to our own people. 1t builds up our
| industries and increases Industrial activity
in our mldst-turnishes employment for
labor, and at better wages than can be Sc
| cured elsewhere or under any other SyS-
| tenn. A revenue tariff breaks down and
destroys at home and builds up and en-
courages abroad.
If protection is a burden we should lind
some manifestation of it somewhere. We
have been living under it for thirty years.
The great mass of the people of our coun-
l we'll
day. There were never SO many men in
this country who own their own homes as
there are to-day. There were never sc
many comforts, refnements and educated
homes as there are in this country to-day