The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-07-08
HOBART NOTIFIED.
Says the st. Louis Platform Ex-
presses What He Wants.

presses nat He wants.
PATERSON, N. j., July THE COM
mittee appointed by the national Re-
publican convention at ST. Louis to
notify the Hon. Carrot A. Hobart Of
his nomination by the convention for
vice-President of the United States,
arrived In this city at 11:13 a. M A
special car conveyed the party from
Jersey City to Paterson, where they
alighted and drove to Mr.. Hobarts
house In carriages, where they were
received by Mr.. and Mrs Hobart and
a number of ladies and gentlemen.
Flags and bunting were displayed
along the road to the Hobart house.
and the greatest enthusiasm prevailed
among those who had assembled along
the streets and at the house
At IL o'clock, the band stopped play
Ing and moved to one side Of the piazza
and Mr.. and Mrs. Hobart, accompanied
by several other ladies and gentlemen,
stepped out on to the porch.
Charles w. Fairbanks, chairman Of
the committee, formally notified Mr.
Hobart Of his nomination. At the con-
clusion Of Mr.. Fairbanks speech, Mr..
Hobart replied as follows:
1T is sufficient for me to say at this
time that, concurring without reserve
In all the declarations of principle and
policy embodied in the ST. Louis plat
to me with full appreciation of it's
responsibilities and with an honest
purpose, in the event that the people
shall ratify the choices made by the
national convention, to discharge any
duties which may devolve upon me-
with sole reference to the public good
Uncertainty or instability as to the
money question involves most serious
consequences to every interest and to
every citizen Of the country. The grav-
1ty Of this question cannot be over
estimated. There can be no financial
security, no business stability, no real
prosperity, where the policy of the gov
eminent as to that question is all a
matter of doubt. Gold is the one stand
ard Of value among all enlightened
commercial nations.
"All financial transactions Of what
ever character, all business enterprises,
all individual or corporate investments
are adjusted to 1t. An honest dollar
worth 100 cents everywhere cannot be
coined out of SO cents worth of silver,
plus legislative fiat.
Such a debasement Of our currency
would inevitably produce incalculable
loss, appalling disaster and national
dishoner. 1t is a fundamental principle
in coinage recognized and followed by
all the statesmen Of America in the
past and never yet safely departed
from, that there can be only one basis
on which gold and silver may be con-
currently coined as money, and that
basis is equality, not in weight, but in
the commercial value of the mental con-
tanned in the respective coins. This
commercial value Is fixed by the mark
cts Of the world with which the great
interests Of our country are necessarily
connected by innumerable business ties,
which cannot be severed or ignored.
Great and self-reliant as our country is
it Is great not alone within it's own
borders, and upon It's own resources,
but because 1t also reaches out to the
ends of the earth in all the manifold
departments of business, exchange and
commerce. and must maintain with
honor its standing and credit among
the nations of the earth.
THE question admits of no COM
premise. 1t is vital principle at stake,
but it is in no sense partisan or section
al. It concerns all the people. Ours
as one of the foremost nations, must
have monetary standard equal to
the best
''It is of vital consequence that this
question should be settled now In such
a way as to restore public confidence
here and everywhere in the integrity
of our purpose. A doubt of that integ-
rity among the other great commercial
cost us millions of money, but that
which, as patriots, we should treasure
still more highly-our industrial and
commercial supremacy.
MY estimate of the value Of pro-
tective policy has been formed by the
study of the object lessons Of a great
Industrial state extending over a period
of thirty years. 1t is that protection
not only builds up important industries
from small beginnings, but that those
and all other industries flourish or lang
uish in proportion as protection is main
tanned or withdrawn. I have seen 1t
indisputably proved that the prosperity
of the farmer, merchant and all other
classes of citizens goes hand in hand
with that Of the manufacturer and
mechanic.
with this brief expression Of my
appreciation Of the distinguished honor
that has been bestowed upon me, and
this Specification of my acceptance of
the trust to which I have been sum-
moned, 1 place myself at the service
of the Republican party and of the
country"