The pioneer press. (Miller, Hand County, S.D.) 1893-190?, 1896-09-17
ais FORMAL LETTER OF ACt EPT-
ANCE Is PUBLISHED.
RI. Nominee for Vice President on
the Republican Ticket, in Ills
Letter Accepting the NOminn-
ton, Reviews the Platform
Adopted by the Republicans and
ItsDccInratiOns.

dent:
Hon. Charles w. Fairbanks and Others OF
the notification of the Republic
an National Convention-Gentlemen / have
already, In accepting the nomination for the
office of the vice presidency rendered me by
the national Republican convention. ex-
pressed my approval of the platform adopt
cd BY that body as the party basis OF doc
,nre. IN accordance with accepted usage,
beg now To supplement that brief state
uent Of my views by some additional rCfiec-
ions upon the questions which are In de-
bate before the American people.
The platform declarations in reference to
the money question express clearly and un-
mlstakabIy the attitude Of the Republican
party as to this supremely important sub
feet. We stand unqualihedly for honesty in
finance, and the permanent adjustment Of
our monetary system, In the multifa rious
activities Of trade and m to the
existing gold standard Of value. We hold
that every dollar of currency issued by the
United States, whether Of gold, silver or
paper, must be worth a dollar In gold,
whether in the pocket of the man who tolls
for his daily bread. In the vault of the saw
lngs bank which holds his deposits, or in
the exchanges Of the world.
The money standard Of Il great nation
should be as fixed and permanent as the
nation itself. To secure and retain the best
should be the desire OF every right-mlnded
citizen. Resting on stable foundations, con-
tinuOus and unvarytpg certainty Of value
should be its distinguishing Characteristic
TIE experience Of all history confirms the
truth that every coin, made under any law,
h0wsoeycr that cain may be stamped. will
fnally command IN the markets OF the
world the exact value Of the materials
which compose IL. The dollar of our cOun-
try, whether OF gold or silver, should he OF
the full value of 100 cents, and by so much
as any dollar is worth less than this in the
market, by precisely that sum will some one
be defrauded.
The necessity OF n certain and fixed money
value between nations as well as individu-
ais has grown out of the interchange OF
commodities. the trade and business rela-
tionships which have arisen among the
peoples of the world, with the engagements
OF human wants and the broadening Of hui
man Interests. This necessity has made
gold the final standard Of all enlightened
nations. Other metals, including silver.
have n recognized commercial value, and sill
yer, especially, has n value Of gEeat i'm
pOrtance for subsidiary coinage. In view of
a sedulous effort by the advocates of free
coinage to create a contrary impression, ii
cannot be too strongly emphasized that the
Republican party In its platform afirms
this value In silver. and favors the largest
possible use Of this metal rs actual money
that can be maintained with safety. Not
only this, 1t will not antagonize. but will
gladly assist in promoting IA double stand
ard whenever 1t can be secured by agree
ment and cooperation among the nations.
The bimctallic currency. involving the free
use Of silver, which we now have, is cordial
~ approved by Republicans. But n stand
ard and a currency are vastly different
things.
4 standard Dollar.
II we are to continue TO hold our place
among the great commercial nations, we
must cease Juggling with this question. and
make our honesty Of purpose clear TO the
world. No room should be left for miscon.
ccpt,On as 10 the meaning OF the language |
used in the bonds of the government not
yet maturGd. 1t should not be possible for
any party or individual to raise a question
ms TO the purpose of the country TO pay all
Its obligations In the best form OF money
recognized by the commercial world. Any |
nation which Is worthy OF credit or conf
dence can afford to say explicitly, on a ques-
ton so vital to every interest, what IL
means, when such meaning is challenged or
doubted. 1t is desirable that we should
make 1t known at once and authOritatively, |
that an honest dollar means any dollar
equivalent to a gold dollar Of the present
standard OF weight and tinenpss. The world /
should likewise be assured that the standard
dollar of America Is as infeYible n quantity
as the French Napoleon, the British SOW
ereign, or the German 2omark piece.
The free coinage OF silver at the ratio OF
10 to i Is a policy which no nation has ever
before proposed, and Ii Is not to-day per-
mitted In any mint In the world-not even
In Mexico. 1t Is purposed to make the coin
age at an absolutely fictitious
ratio, fixed with no reference to intrinsic
vaiue or pledge Of ultimate redemption. /
with silver at its present price Of less than
20 cents per ounce In the market, such a
poiicy means an immediate profit to the
seller OF silver for which there Is no return
now or hereafter TO the people or the gov
eminent. II means that for each dollars
worth of silver bullion delivered at the
mint, practically two dollars of stamped
yoih VIII be given I'm exchange. For one
hundred dollars worth of bullion nearly
TWO hundred silver dollars will be deliv
Let 1t also be remembered that the con-
sequences Of such an act would probably be
cumulative In their effects. The crop Of sill
VT unlike that Of hay, or wheat. or corn
muich being of yearly production can be
ieSuIateu by the law Of demand and supply
" MED once for all. The silver which has
. yet been gathered is all In the ground.
Dearth or other accident Of the elements
rahhot augment or diminish 1t. Is 1t not
~ 'han probable that with the enormous
premium offered for lis mining the cupidity
VI man would make an over-supply con-
snuous. with the necessary result of a
a.ss'uy depreciation as long as the silver dol
a. oouid be kept In circulation at all? I'm
os .ne laws of finance, which are as fixed
rs nose OF any other science, the inevitable
apsuit would finally be a currency all and
nsH,outeiy nat. There Is no difference In
81, t,Ipie bet ween a dollar half fiat and one
81 MT The latter, as the cheapest. under
dr,, oSic or cheap money" would surely
ur'Ve the other out.
Money and Com m
my M ettempt on the part Of the govern
rnIn 10 create, by its fiat. money of a
n'ous value. would dlshonor us In the
rroso VI oIher peoples and bring infinite re-
hrTacn upon the national character. The
An ' , and financial consequences Of such
Immoral act would be world wide, be-
49, our commercial relations are world