Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1896-09-03
THE ISSUES.
Discussed by Mr.. Mckinley IN His
Letter OF Acceptance.


He Takes . Strong Stand In Favor Of
''sound Money" Protection and Reci-
prOcity-Nation Needs Open Mills,
Not Open Minis.
Canton, O., Aug. N.-Maj. Mckinley gave
his letter Of acceptance to the press as
eoclat1ons Wednesday afternoon, having
finished his last reading and revision of
1t at 1890 o'clock. The letter touches upon
ell OF the important planks in che repub-
Lean national platform, but the first half
OF 1t Is devoted 10 an 1ncisive discussion Of
the money question. The latter is In part
as follows:
1.-The character Of tho money which shall
settle our balances with one another and
with the nations Of the world, Is OF such
primary una Importance and SO far-rsaching
painstaktng Investigation. and, in the end.
sober and unprejudiced judgment ut the
polls: We must not be misled by phrases
nor deluded by false theories. Free silver
would not mean that silver dollars were
to be freely had without cost or labor. It
would mean the free use Of the mtnts Of
owners Of silver bullion, but would make
silver coin no freer to many who are en-
gag;ed met in other enterprises: It would not
shorter or the pay better: It would not
make farming less laborious or more
profitable. It would not start factory
or make a demand for an additional day s
labor. It would create no new occupations
It would add nothing to the comfort Of the
masses, the capital Of the people or the
new measure of value, but would add
no value to the thing measured It would
Would derange al Existing Values. It Would q
not restore business confidence, but its
direct effect would be to destroy the little
which yet remains
adopted at Chicago Is that anyone may
take quantity Of silver bullion now worth
3 cents to the mints Of the United States,
ment and receive tor it a Silver dollar,
which shall be legal tender for the pay
ment Of al! debts, public and private The
silver delar It gould BELONG Meq to him ana sns
to nobody else Other people would ret
It only by their labor, the products Of their
owner on the basis Of present values, would
receive the silver dollar for So cents worth
OF silver. and other people would be re-
payment Of debts. The government would
get nothing from the transaction. It would
bear the expense Of coming the silver and
the community would suffer loss by its use.
The Dollars Compared.
I'VE have coined since 1878 more than
too, o0o, 900 OF silver dollars, which are main
tanned by the government at parity with
Of al and
are the silver dollars now in use different
from those which would be in use under
tree f.S soina az They are to he Of the same
same stamp Of the government. Why
would they not be of the same value?
Of nov in
ment, and not for private account or gain,
and the government has. solemnIy agreed
6e zyse
bullion at its market value and coined it
into silver dollars. Having exclusive con-
hold at par WITH 6n g9d i0af He pro
commercial value Of the silver bullion aud
the government for the benefit Of the ped
pie. The government bought the bullion
In the silver dollar at very much less than
itors. and put it in circulation among the
people at its face value Of 100 cents, or a
full dollar. It required the people to ac-
bound to maintain 1t at parity with gold.
which was then, as now. the recognized
standard with US, and the most enlightened
having issued and circulated the silver dol
lar, it must in honor protect the holder
from loss, This obligation it has SO far
moral obligation, but there is q legal obi
cation, expressed in public statute, to
maintain the parity.
They Could Not Be Kept at Par.
'"These dollars, in the particulars have
which would be issued under free coinage.
They would be the same in form, but diff
ferent in value. The government would
coin, the silver bullion into dollars. It
would not put the dollars into circulation.
get them, by giving something for them.
It would deliver them to those who de-
posted the silver, and its connection with
silver dollars which would be issued under
free coinage of silver at a ratio Of sixteen
to Gsr Gne WIZ W Wd then Rssn T bsm
with gold? There would be no obligation
resting upon the government to do 1t, and if
there were, it would be powerless to do it.
BImetallism.
"Bimetallism cannot be secured ty In
dependent action on our part. It cannot
be obtained by OPENING, our minis to the
unlimited coinage Of the silver Of the
sTaq ct ehs 1aS o. Of esq., %S
commercial ratio is more than thirty ounces
OF silver to one ounce OF gold. Mexico and
has free coinage Of silver and gold at
half ounces Of silver to one ounce Of soid.
both metals at that ratio, not a single dol
lar in gold bullion is coined and circulated
as money; 6, Gol 4hl has been driven out Of
are on a silver basis alone Until internas.
tjonal agreement is had, 1t is the plain
duty OF the United States to maintain the
sole stardard Of the great commercial ma.
tons Of the world, with which we trade
more largely than ary other. Eighty
four per cent. Of our foreign trade Tor TIE
fiscal year 1895 was with gold standard
countries, and our trade with other coun-
tries was settled on gold basis
MIR Mckinley declares that the legisla
ton during and since 1873 has secured the
largest use Of silver consistent with flnan-
cia1 safety and the pledge to maintain its
silver than gold.
Favors the Use OF Silver Money.
s"The republican party has not been and