The San Francisco call., 1896-07-08
Gold the One Standard Among
All Enlightened CONNER
cial Agencies.
A PROTECTION ADVOCATE FOR
THIRTY YEARS.
DESTROYS of Seeing American Work.
shops in Full Blast and Opera.
tives Well Paid.

a. GhOON, IN. J., July line COM
mittee appointed for the purpose by the
Republican Convention of st. Louis
waited on Garret A. Hobart to-day at his
house in this city and formally notified
him OF his nomination to the Office of
Vice-President. Charles w. Fairbanks
acted as spokesman.
Mr.. Fairbanks said:
Mr.. Hobart, the Republican National Con.
vention recently assembled at st. Louis COM
missioned US TO formally notify you of your
nomination for the office of ice-President OF
the United States. We are met pursuant to the
direction OF the convention to perform the
duty assigned Us.
In all the splendid history of the great party
which holds our loyal allegiance the necessity
was never more urgent for steRdfast adherence
to those wholesome principles which have
been the sure foundation rock of our National
prosperity. The demand was never greater
for men who hold principle above all else, and
who are unmoved either by the clamor of the
hour or the promise of false teachers.
The convention at St Louis in full measure
met the high demands of the times in its
declaration of party principles and in the nom-
ination OF candidates for President and Vice
President Sir, the Office for which you were
nominated is of rare dignity, honor and power
1t has been graced by the most eminent sta tes-
men who have contributed to the upbuilding
of the strength and glory of the Republic.
Because of your exalted personal character
and of your intelligent and patriotic devotion
to the enduring principles of protective
tariff, which wisely discriminate in favor of
American interests and to a currency whose
soundness and Integrity none can challenge,
and because OF your conspicuous fitness for the
exacting and important duties of the high Of
fee the Republican National Convention with
a unanimity and enthusiasm rarely witnessed,
chose you as our candidate for Vice-President
of the United States. We know it to be graft
lying to you personally to be the associate OF
William Mckinley in the pending contest.
For you and your distinguished associate we
bespeak the enthusiastic and intelligent sup
port of all our countrymen who desire that
prosperity shall again rule throughout the Re-
public.
In accepting the nomination Hobart
expressed himself as gratified at being
associated with Mckinley; promised to
do his utmost for the success of the
party and to do his duty if elected. He
said:
Mr.. Chairman and Gentlemen of the Com
mittee: I beg to extend to you my grateful
acknowledgements for the very kind and fiat
teTing terms in which you convey the formal
announcement of my nomination for Vice
President of the United States by the Republi-
can Convention at St. Louis 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 a candi-
date for this high office. l appreciate it the
more because it associates me, in contest
which involves the very gravest issues, with
one who represents in his private character
and public ca reer the highest intelligence and
best spirit of his party, and with whom my
personal relations are such as to afford a
guarantee of perfect accord in the work Of the
campaign which lies before 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 platform, I accept the nomina-
ton rendered me, with full appreciation of
Its responsibilities, and with an honest pur-
pose, in the event that the people shall ratify
the choice made by the National Convention,
10 discharge any duties which may devolve
upon me with sole reference to the public
good.
Let me add that it will be my earnest effort
In the coming campaign to contribute in every
way possible to the success of the party which
we represent, and which, as 10 the Important
issues of the time, stands for the best interests
Of the people. Uncertainty or instability as to
the money question involves most serious con-
sequences to every interest and to every Cit
izen of the country.
The gravity of this question cannot be over
estimated. There can be no financial security,
no business stability, no real prosperity, where
the policy OF the Government as to that ques-
ton is at all matter OF doubt
Gold is the one standard of value among all
enlightened commercial agencies. All fnan-
cial transactions of Whatever character, all
business enterprise, all individual or corporate
investments are adjusted TO it, An honest dol
lar worth 100 cents everywhere cannot be
coined out of 53 cents worth Of silver plus a
legislative fat
such debasement of our currency would
inevitably produce incalculable loss, appsl-
ling disaster and National dishonor.
1t is fundamental principle in coinage, rec
ognized and followed by all the statesmen of
America, and never yet departed srom, that
there can be only one basis on which gold and
silver may be concurrently coined as money,
and that basis is equality, not in weight, but
in the commercial value of the metal contained
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 busi-
ness ties which cannot be severed or ignored
Great and self-reliant as our country is, 1t is
not great alone within its own bo-ders and
upon its own resources, but because it also
reaches out to the ends of the earth In all the
manifold departments of business, exchange
and commerce and must maintain with honor
It's standing and credit among the nations Of
the EARTH The question admits of no COM
promise Il is vital principle at stake, but
1t is In no sense partisan or sectional. 1t con-
Germs all the people. Ours is one of the fore
most nations and must have monetary sys-
tenn equal to the best
1t Is OF vital consequence that this question
should be cettled now in such q way as 10 re-
store public confidence. here and everywhere.
IN the integrity of our purpose. A doubt of
thstintegrity among the other great CONNER
ciai countries of the world will not only 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 protective
policy has been formed by the study of the OBJ
lect lessons OF great industrial State extend
Ing over period of thirty years. 1t is that
protection not only builds up important in