The San Francisco call., 1896-08-26

changed into the Democratic oeserl ol LOW.
These things being SO, this same party no"
comes to the people and says: "our free-lraoe
cure-all was q failure. You are not as busy. as
prosperous and as happy as you were tour
years ago. But the reason is that we ala not
then understand our case correctly. we ADMIT
that free trade alone cannot cure you. ou'
you are wretched and poor and unhappy now'
simply and alone because you have not enough
silver dollars. We blundered then about nee
trade, but we sre dead right now about Iree
silver. To be sure we nearly killed you then'
but give us another chance and we WILL cure
YOU"
What idle follyl If Democracy was wrong in
1892, why should we hope that Democracy Is
right in 1896? The Democratic surgeon tben
found the patient well and yet he>cut on the
sound leg OF protection. Now, when the pa
tlent Is hobbling about on the other leg oi
sound money, Democracy proposes TO help her
going by cutting off that leg also. The Demo-
cratic theory is that man with no legs can
walk better than with two or even tran Win
one 1t is nonsense and believe the common
sense OF this people will see it before next NO
vember. Confidence is the first necessity OF in
dustrial success. No man to-day dares to put
$l into any new venture because he does not
know what he will get, nor what he snall
make, nor where he can borrow should ms
means run short. No new industry is being Or
ganized to-day. Worse than this, the concerns
that have managed TO live during the depres-
sion of the last four years are to-day giving up
the struggle, one by one, wearied and worn
out. Each day brings us tidings of mills clos
ing and factories shutting down. And yet this
mad crusade for free silver is being preached
against credit and labor and the workingmen
and the farmers are being urged to unite in
policy that must close the mills and lock the
barns and involve employees and employers in
one common ruin. 1t IS political insanity.
We had our candidate at ST. Louis, candi-
date whom we honored and whom we followed
Loyalty and faithfully to the end. When the
convention decided against us we accepted
that decision with the same loyalty and fdel-
ity. William Mckinley is our candidate and
will be supported with absolute sincerity and
with absolute unanimity. Just as the men of
New York who followed William H. Seward at
Chicago in 1860 came home and carried New
York Tor Abraham Lincoln, just as the men OF
New York who were of the Spartan band of
306 who stood for Ulysses S. Grant in 1880
came home and carried New York for James A.
Garfield, so to-day in your name and by your
command pledge the Republican party to
the loyal and faithful support of William Nc
Kinley, and we will give this State to him and
tn the Republican. cause of protection and
sound money by great and sure majority
which no Democrat or Populist will care to
number
General Woodford was interrupted at
frequent intervals by facetious remarks
from the galleries. He finished his speech
at 6:40. He called for the report OF the
ommittee on resolutions. Lemuel Quigg
of New York read the report, as follows:
The allied Democratic and Populist parties
say that their success will lead at once to the
0ina of eil Rar rfu
says that the present gold standard must be
maintained and that the way to recover our
lost prosperity is to return to the wise indus
trial policy by which, under Republican rule,
prosperity was achieved.
The attempt to make an ounce of gold equal
in value to only sixteen ounces of silver,
when it is now worth thirty ounces, Is hope
less and absurd. The United States could
neither take nor use one-haH the silver that
free-coinage law would bring to their mints.
This fact is SO plain to the world of commerce
and business that the mere announcement of
the success of the Democratic party would
send gold to more of a premium, drive debtors
into cruel liquidation and cause a further
withdrawal OF capital from investment and q
further suspension of industry.
No injury could be inflicted upon trade and
commerce, no shame visited upon the Ma
tional reputation more hurtful than would be
accept In the payment OF debts a coin for one
dollar which they could not spend for more
than hall that sum. To allege that our stock
of money is now sufficient for the transaction
of business is mere assertion, but if it were
the evil it implies would not be cured by law
the first and instantaneous effect of which
woulf be to drive out of circulation our entire
supply of gold money, more than one-third of
the whole. The employment of all the mint
ipp he n
age of silver dollars only could not in period
of fifteen years make up for the deficiency of
circulation tn at would result from the retire
ment OF gold. The currency per capita is to-day
greater than it has ever been. The people can
take no more money than they can buy With
their labor, and what they can buy its value
and not mere denominations.
To the maintenance of a pure circulation of
dollars of full and equal value the Republican
party is resolutely pledged, and for the firm
establishment OF that policy it asks The sup
port of every citizen who wishes neither TO
cheat nor to be cheated. 1t must be constantly
borne in mind that the conditions out of
which this agitation for free silver has arisen
were created by the Democratic assault upon
the country's manufacturing industries. If
there had been no interruption of business
no failure of revenue aud no lack of profitable
employment to the people the increase of
which four years of Democratic'rule has COM
PEELED, while in some measure due to the at
tacks in Congress upon the public credit by
the pressure of free-silver bills, had its origin
In tariff act which converted a monthly
surplus of revenue into monthly deficit and
exposed domestic production to unjust COM
petition. The Republican party is welded to
no set of rates and sched ules, but its cardinal
principle is the protection of American in
dustry.
tariff must be enacted which will provide
revenues sufficient to meet the ordinary and
necessary expenses of the Government and so
adjusted as to place American labor without
sacrifice of our high-wage system on at least
equal terms in our own market with the labor
of other lands.
The nomination of William Mckinley and
Garret A. Hobart by the Republican National
Convention is received by the Republicans of
New York with enthusiasm and confidence.
We indorse the platform on which they were
placed before the country and assure to them
NEW {:
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