The evening bulletin. [volume] (Maysville, Ky.) 1887-1905, 1896-08-29
His Views Now on the Financial Question Quite
Different From What They Used to Be.
WANTS THE TARIFF MADE THE ISSUE
CANTON, OHIO. August 90. 1894

Va NhO AsOPuOiiSdh ANdllOhul SOuNtnJlOu.
GENTLEMEN-In pursuance to the prom
Use made to your committee when notified
Of my nomination as the Republican can
didate for president, beg to submit this
formal acceptance Of that honor and to
consider in detail questions at issue in the
pending campaign. Perhaps this might
be considered unnecessary in view of my
remarks on that occasion and those have
made to delegations that have visited me
since the St. Louis convention; but in
view of the momentous Importance of the
proper settlement of the issues presented
on our future prosperity and standing as
nation, and considering only the welfare
and happiness of our people, l could not
be content to omit again calling attention
to the questions which, in my opinion,
vitality affect our strength and position
among the governments of the world and
our morality, integrity and patriotism as
citizens of that republic which for CEN
fury past has been the best hope Of the
world and the inspiration of mankind.
We must not now prove false to our own
high standards in government nor I'M
mindful of the noble example and wise
precepts of the fathers. or of the conf
dence and trust which our conduct in the
past has always inspired.
The Free Coinage of Silver.
For the first time since 1885, if ever be-
FORE there is presented to the American
people this year a clear and direct issue as
to our monetary system, of vast import
ance in its effects, and upon the right set
Element of which rests largely the fnan-
cial honor and prosperity of the country.
1t is proposed by one wing of the Demo-
cratic party and its allies, the Peoples
and Silver parties, to inaugurate the free
and unlimited coidage of silver by indie
pendent action on the part of the United
States at ratio of Is ounces of silver to
one ounce of gold. The mere declaration
of this purpose is menace to our finan-
cial and industrial interests and has al
ready created universal alarm. IL in
wolves great peril to the credit and bust
ness of the country, peril so grave that
conservative men everywhere are break
ing away from their old party associations
and uniting with other patriotic citizens
in emphatic protest against the platform
of the Democratic national convention as
an assault upon the faith and honor of the
government and the welfare of the peo-
Pile. We have had few questions in the
lifetime of the republic more serious than
the one which is thus presented.
No Benefit to Labor.
The character of the money which shall
measure our values and exchanges and
settle our balances with one another, and
with the nations of the world, is of such
primary Importance, and so far-reaching
in its consequences, as to call for the most
painstaking investigation, and, in the
end, sober and unprejudiced Judgment
at 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. ltwould mean the free use Of
the minis of the United States for the few
who are owners of silver bullion, but
would make silver coin no fIeer to the
many who are engaged in other enter
prises. 1t would not make labor easier,
the hours of labor shorter, or the pay bet
Ter. 1t would not make farming less Ia
porous, or more profitable. IL would not
start factory, or make demand for an
additional days labor. 1t would create
no new occupations. 1t would add moth
ing to the comfort of the masses, the capt.
tai of the people, or the wealth of the ma
ton. 1t seeks 10 introduce anew measure Of
value, but would add no value TO the thing
measured. 1t would not conserve values.
On the contrary, IL would derange all eX
listing values. 1t would not restore bust
ness confidence, but its direct effect would
be to destroy the little which yet remains.
What 1t Means.
The meaning of the coinage plank
adopted at Chicago Is that any one may
take a quantity of silver bullion (now
worth 90 cents) to the minis of the United
States, have it coined at the expense Of
the government and receive for 1t a silver
dollar which shall be legal tender for the
payment of all debts, public and private.
The owner of the silver bullion would get
the silver dollar. 1t would belong to him
and to nobody else. Other people would
get il only by their labor, the products of
their land, or something of value. The
bullion owner, on the basis OF present
values, would receive the silver dollar for
SO cents worth of silver and other people
would be required to receive IL as full
dollar in the payment of debts. The gov
eminent would get nothing for the trans.
action. 1t would bear the expense Of
coming the silver and the community
would suffer loss by its use.
The Dollars Compared.
We have coined since 1873 more than
400 OOO, 900 of silver dollars, which are
maintained by the government at parity
with gold and are a full legal tender for
the payment of all debts, public or pri-
yate How are the silver dollars now in
use different from those which would be
in use under free coinageY They are to be
of the same weight and hneness; they are
to bear the same stamp or the govern
ment Why would they not be OF the
same valueY / answer:
The silver dollars now in use were
coined on account of the government and
not for private account or gain and the
government has solemnly agreed to keep
them as good as the best dollars we have.
The government bought the silver bullion
at its market value and coined 1t into sill
yer dollars. Having exclusive control of
the mintage, it only coins What it can
hold at parity with gold. The profit
representing the difference between the
Commercial value of the silver bullion and
the face value of the silver dollar, goes to
the government for the benefit OF the peo-
bullion contained in the silver dollar at
very much less than its coinage value, 1t
paid it out TO it's creditors, and put 1t in
Circulation among the people at its face
value 100 cents, or a full dollar. 1t re,
quired the people to accept It as legal
tender, and is thus morally bound TO
maintain it at parity with gold, which was