The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-08-27
lR. M'KINLEY'S
LETTER OF
ACCEPTANCE
Continued on Page 2

urther and we must not permit false
ghts to lure us across the danger
ne.
We have much more silver in use
nan any country In the world except
ndia or China-s500, 100000 more than
treat Britain. $l50,000,000 more than
rance, S400 200, ,000'more than Germany.
5000, ,0O0 less than India, and $l25,-
10000 less than China. The Republican
arty has declared for an international
greemnt. and If elected president, 1t
rill be my duty to employ all proper
leans to promote it. The free coin
ge of silver In this country would de-
eat international bimetallism, and un-
i'll International agreement can be had,
very interest requires us to MAINTAIN
ur present stand. II eXpedient free
oinage Of silver at ratio of l6 ounces
silver to one ounce of gold could IN
ure the speedy contraction of the vol
me of our currency. 1t would drive
I least five hundred millions of gold
ollars, which we now have, perman-
ntly from the trade of the country and
realty decrease our per capita circula-
ion. 1t is not proposed by the Repub-
lean party to take from the circulating
Medium of the country any of the silver
We now have. On the contrary. 1t IS
,ropsed to keep all the silver money
low in circulation on parity with
old by maintaining the pledge of the
government that all of 1t shall be
quail to gold. This has been the un-
roken policy of the Republican party
ince 1878. 1t has inaugurated no new
,olicy. 1t will keep in circulation and
IS good as gold all silver and paper
money which are now included in the
urrency of the country. 1t will main
ain their parity. 1t will preserve their
quality in the future as it has always
lone in the past. 1t will not consent to
nut this country on a silver basis, which
would inevitably follow independent
rec coinage at a ratio Of l6 to !. 1t
will oppose the expulsion of gold from
,ur circulation.
FARMERS AND LABORERS SUI
FER MOST.
If there is any one thing which
ihnuld hc free from speculation and
luctuation it is the money of coun-
ry. 1t ought never to he the subject
,f mere partisan contention. When
sc part with our labor, our products,
" our property, we should receive IN
'etuin money which is as stable and
lnchanEing in value as the ingenuity
If honest men can make il. Dehase-
nent of the currency means deStruc-
ion of values. No one suffers so much
rom cheap money as the farmers and
abOrers. They are first To feel its bad
,nects and the last to recover from
hem. This has been the uniform ex-
)erience of all countries and here, as
elsewhere, the poor and not the rich,
ire always the greatest sufferers from
at M IN Inl ~ 4
would fall with alarming severity upon
Investments already made, upon insur-
ince companies and their policy hold
'rs, upon savings banks and their de-
)Csitors, upon building and loan assO-
.iations and their members, upon the
WvinSs of thrift, upon pensioners and
heir families, and upon wage earners
md the purchasing power of their
wages.
UNLIMITED IRREDEEMABLE PA
PER MONEY.
The silver question is not the only
ssue affecting our money in the pend
ng contest. Not content. with urging
he free coinage of silver, its strong
EST champions demand that our paper
money shall be issued directly by the
government of the United States, This
S the Chicago Democratic declaration.
The st. Louis peoples declaration is
hat our national money shall be is
sued by the general government only.
without the Intervention of banks of
ssue be full legal tender for the pay
neiit of all debts, public and private"
md be distributed direct to the people
md through lawful disbursements of
he government" and thus in addition
% the free coinage of the worlds sill
,er we are asked TO enter upon an era
If unlimited irredeemable paper cur
'ency. The question which was fought
)ut from 1865 to 1879 is thus to be re-
opened, with all its uncertainties and
cheap money experiments of every con-
,eivablc form foisted upon us. This
indicates a most startling reaction by
1olicy,strangely at variance with every
requirement of sound finance, but the
declaration shows the spirit and pur-
pose of those who by combined action
are contending for the control of the
government. Not satisfied with the
1ebasement of our coinage which
would inevitably follow the coinage of
silver ut 16 to | they would still fur
her degrade our currency and threat
an the public honor by the unlimited
.ssue of an irredeemable paper cur
renCy. a gravcr menace to our finan-
cial standing and credit could hardly
be conceived and every patriotic citi-
zen should be aroused to promptly meet
and cfIectually defeat it.
IN THE HIGHEST DEGREE REP
REHENSIBUE.
1t Is a course for painful regret and
solicitude that an effort is being made
by those high in the counsels of the
allied parties to divide the people of
this country into classes and distinc-
tions among US, which in fact do not
exist, and are repugnant to our form
Of government. These appeals to pas
sion and prejudice are beneath the
spirit and intelligence of a free people
and should be met with stern rebuke
by those they are sought to influence
and | believe they will be. Every at
tempt to array class against class, 1.-THE
classes against the classes, section
against section, labor against capital,
the poor against the rich," or interest
against interest in the United States,
is in the highest degree reprehensible.
1t is opposed to the national instinct
and interest and should be resisted by
every citizen. We are not a nation of
classes, but Of sturdy, free, independ-
ent, and honorable people. despising
the demagogue and never capitulating
to dishonor. This ever recurring ef-
fort endangers popular government
and is a menace to our liberties. 1t is
not new campaign device or party
appeal. 1t Is as old as government
among men, but was never more un-
timely and unfortunate than now.
Washington warned us against it and
Webster said in the senate, in words
which feel are singularly appropriate
at this time: II admonish the people
against the object of outcries like
these. / admonish every Industrious
laborer Of this country to be on his
guard against such delusion. 1 tell
him the attempt is to play off his pas
sion against his interest and to prevail
on him. in the name of liberty, to de-
stroy all the fruits of liberty"
PROTECTION OF SUPREME I'M
PORTANCE.
Another issue of supreme Importance
is that of protection. The peril of free
silver Is q menace to'be feared. we
are already pynariapoi,,r fho ,eroa4