The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-07-08

~ diserminates In favor of American
interests, and to currency whose
soundness and integrity none can chal-
lenge, and because of your conspicuous
fitness for the eXacting and important
duties of the high office, the republican
national convention, with a unanimity
and enthusiasm rarely witnessed chose
you as our candidate for vice president
of the United States.
I'VE know it to be gratifying to you
personally to be the associate Of Will
liam Mckinley in the pending contest,
For you and your distinguished as
soclate we bespeak the enthusiastic
and Intelligent support of all our coun-
trymen who desire that prosperity
shall again rule throughout the repub-
| lic."
AS Mr.. Falrbank finished there was
prolonged cheering. Mr.. Hobart then
replied as follows:
MIR. HOBARTS SPEECH OF AC-
CEPTANCE.
Mr.. Chairman and Gentlemen of the
Committed beg to extend to you my
grateful acknowledgements for the very
kind and flattering terms in which you
convey the formal announcement of
my nomination for vice president OF
the United States by the republican IA
tional convention at st. Louis, 1 am
profoundly sensible of the honor which
has been done me- and through me TO
the state in which all my life has been
spent in my selection as candidate
for this high office l appreciate 1t
the more because it associates me, in
q contest which involves the very gray
est issues, with one who represents in
his private character and public career
the highest intelligence and best spirit
Of his party, and with whom my per-
sonal relations are such as to afford a
guarantee of perfect accord in the
work Of the campaign which lies be-
fore me.
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
FORM accept the nomination rendered
me, with full appreciation of its re-
sponsibilities, and with an honest pur-
pose, in the event that the people shall
ratify the choice made by the national
convention, to discharge any duties
which may devolve upon me with sole
reference to the public good.
"Let me add that ii viii be my earn
est effort in the coming campaign to
contribute in every way possible to the
success of the party which we repre-
sent, and which as to the important Is
sues of the time stands for the best IN
terests of the people.
Uncertainty or instability as to the
money question involves most serious
consequence to every interest and 10
every citizen of the country.
"The gravity Of this question cannot
be overestimated, There can be no
financial security; no business stabill-
ty; no real prosperity, where the policy
of the government as to that question
is at all matter Of doubt.
cold is the one standard Of value
among all enlightened commercial ma
tions. "
"All financial transactions OF what
ever character, all business enterprise.
all individual or corporate investments.
are adjusted it. An honest dollar
worth 100 cents everywhere, cannot be
coined out of So cents worth of silver
plus a legislative fiat
"Such a debasement of our currency
would inevitably produce incalculable
loss, appalling disaster and national
dishonor
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 upon
which gold ana silver may be concur
rently coined as money, and that basis
is equality, not in weight, but in the
commercial value of the metal contain
ed in the respective coins.
This commercial value is fixed by
the markets 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 its own borders and upon its
own resources, but because it also
reaches out to the ends of the earth in
all the manifold departments Of bust
ness exchange and commerce, and
must maintain with honor its stand
, ing and credit among the nations Of
the earth
"The question admits of no compro-
| mise. IL Is n vital pfHlclplc dl Sldhc.
but it is in no sense partisan or sec
tional 1t concerns all the people,
Ours as one Of the foremost nations,
must have a monetary standard equal
to the best.
ut 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
countries Of the world will rot only cost
us millions of money. but that which
as patriots we should treasure still
more highly-our industrial and COM
mercial supremacy.
MY estimate of the value of pro-
tective policy has been formed by the
study Of the object lessons Of great
industrial state extending over period
of thirty years. 1t is, that protection
not only builds up important INDUS
tries from small beginnings, but that
those and all other industries flourish
or languish in proportion as protection
is maintained or withdrawn. I have
seen it indisputably proved that the
prosperity of the farmer, merchant and
all other classes of citizens goes hand
in hand with that of the manufactures
and mechanic.
II am firmly persuaded that what We
need most of all to remove the business