The San Francisco call., 1896-09-10
HOBART TO
THE PEOPLE
National Issues Discussed
From a Republican
Standpoint.
ACCEPTS THE ST. LOUIS
NOMINATION.
Lucid Explanation of His Faith
in the Principles of
His Party.
FIAT MONEY VERSUS OPEN
FACTORIES.
Democracy Advances the One Prop.
osition, While Prosperity Must
Come With the Other.
FIAT MONEY VERSUS OPEN
FACTORIES.
Democracy Advances the One Prop.
osition, While Prosperity Must
Come With the Other.

PATERSON, N. j., Sept. 9. - Garret
A. Hobart, Republican candidate for Vice.
President, to-day made public his letter of
acceptance of the nomination by the Re-
publican National Convention at st. Louis.
Mr.. Hobart deals with the issues of the
hour, stanoing upon the platform of his
party on all issues which it embodies.
The letter follows:
PATERSON, n. J., Sept. 8.
Hon. Charles ", Fairbanks and others of the
Notification Committee Of the Republican National
ConUentiOB-GENTLEMEN: have already in ac-
cepting the nomination for the office of the
Vice-Presidency rendered me by the National
Republican Convention expressed my ap-
proval OF the platform adopted by that body as
the psrty basis of doctrine. In accordance
with accepted usage, beg now to supplement
that brief statement of my views by some ad-
diuonal reflections upon the questions which
are In debate before the American people.
The platform declarations in reference to the
money question express clearly ana unmis-
takably the attitude of the Republican party as
to this supremely important subject. We
stand unqualifedly for honesty in finance and
the permanent adjustmen of our monetary sys-
tenn in the multifarious activities of trade and
commerce to the existing gold standard OF
value. We hold that every dollar of currency
issued by the United States, whether of gold,
silver or paper, must be worth dollar in gold
whether in the pocket of the man who tolls for
his daily bread, in the vault OF the savings
bank which holds his deposits, or in the ex-
changes of the world.
The money standard of great nation should
be as fixed and permanent as the nation itself
To secure and OBTAIN the best should be the
desire of every right-minded citizen. Resting
on stable founda tons, continuous and unyary-
ing certainty OF value should be its dis
tinguishing characteristic. The necessity OF a
certain and fixed money value between ma
tions, as we'll as individuals has grown ont of
the interchange OF commOdities-the trade and
business relationships which have arisen
among the people of the world with the en-
largement of human interests This necessity
has made gold the financial standard of all
enlightened nations. Other metals fncludinO
silver, have recognized commercial value.
and silver especially has value of great I'M
portance for subsidiary coinage.
In view of a sedulous effort of the advocates
OF free coinage to create a contrary impress
sion. it cannot be too str ongly emphasized
that the Republican party in Its platform af-
firms this value in silver and favors the largest
possible use of this metal actual money that
can be maintained with safety. Not only this.
it will not antagonize but will gladly assist in
promoting double standard whenever it can
be secured by agreement and cooperation
among the nations. The bimetallic currency
involving the free use of silver, which we now
have, Is cordially approved by Republicans.
But standard and a currency are vastly diff
terent things. If we are to continue to hold
our place among the great commercial ma
tions we must cease juggling with this ques-
ton and make our honesty of purpose clear
to the world. Noroom should be left tor mis-
conception as to the meaning of the language
used in the bonds OF the Government not vet
maured. 1t should not De possible for any
party or individual to raise question as to
the purpose of the country 10 pay all its 9bli.