Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-09-17

than that which these banks and bankers rO-
cefwod In trust
There are IN this country nearly 6o00 build
ing and loan associations with shareholders to
the number OF Is.0o0,Ooo and With assets
amounting 70 more than s50oOoo.0Co Their
average Of holding Is nearly 500 per capita,
savings Of men and women who have
denied themselves the comforts OF life
in the hope % being able 70 accumulate
enough 70 buy build homes OF their OWL
They have aided in the erection Of over mil
Hon OF houses. which are now aGoroinE COM
fort and shelter for 100000 Of our thrifty peo-
pie
Free coinage at the arbitrary rate Of six
teen ounces Of silver 10 one Of gold would De
equivalent 70 the confscation OK nearly hall
the savings that these people have invested
Il would be tantamoCnt 10 war upon Amcri-
can home-mskers- II would be an invasion OF
the homes Of the provident. and tend directly
TO destroy the stimulus 70 endeavor
and the compensation Of honest toll
Every one OF the shareholders OF these
associations is entitled TO be paid in money
Of the same value which he deposit
ed by weekly payments or otherwise IN these
companies No one OF them should be made
homeless because political party demands
change in the money standard Of our country,
as experiment OF as concession 70 selfish
ness or greed"
TIE vice-p-esidential nominee then Illus
trates the effect OF the debasement Of the cur
rency 10 a silver basis upon the farmer, the
manufacturer and the pensioners CT the late
war.
REGULATION OF INDEBTEDNESS
The proposition for free and unlimited sill
yer coinage" says Mr. Hobart, carried 20
its logical conclusion. and but one is posi-
bic, means, as before intimated. Iegisla-
tive warrant for the reputation Of all
existing Indebtedness, public and private. 10
the extent OF nearly 50 per cent Of the face 81
all such indebtedness II demands an unliu,-
tied volume OF fat currency, irredeemable.
and. therefore. without any standard value in
the markets Of the world Every considera-
ton Of public interest and public honor de-
mands that this proposition should be rejected
By the American people"
The concluding portions OF the letter are de-
voted u the tariff, and In finishing his discus
sion OF existing issues Mr. Hobart says:
The republican party has always stood for
the protection Of the American home 1t has
aimed to secure it in the enjoyment Of ali the
blessings Of remunerated industry OF moral
culture and Of favorable physical environ
ment Il was the party which instituted the
policy OF free homesteads. and which holds
now that this policy should be re-estaOlished.
and that the public lands yet vacant and sub
ieet 70 entry in any part OF our national terri
tory, should be preserved against corporate ag-
gression as homesfor the people. Itrealizes that
the safety Of the state lies in the multiplied
ton OF households, and the strengthening OF
that sentiment OF which the virtuous home IS
the best and the truest embodiment: and Il
will aim to dignity and enlarge by all proper
legislation this element OF security
II elected TO the position for which have
been nominated It viii be my earnest and con-
slant endeavOr, under Divine guidance, in the
sphere OF duty assigned 10 me- to serve the
people Loyalty along the line Of the principles
and policies OF the party which has honored ne
with Its preference"