The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1896-09-04
MI KIN I ] ! B ) LET ER|
THE REPUBLICAN, NOMINEE s1GNl-
FIES HIS! ACCEPTANCE.

b. the National Convention ut
q. Louis and End9rses the vari-
Gus PlanIks-He Argues IN Favor
Of Protection, RecipFooity ana
the Present Financial Standard.
Canton, Ohio. Aug. "a. ~ Maj. Nc
Kinley's letter Of acceptance was L.
sued to-day. It is as follows:
Che subheads In the letter werc
written by Mr.. Mckinley
Hon. John NJ. Thurston. and others. mem.
beers Of notification committee Of the Re.
In pursuance OF the promise made to your
committee when notified Of my nomination
AZ the Republican candidate for president,
! beg to submit this formal acceptance Of
that high honor. and to consider In detail
questions at Issue In the pending cam.
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 set
Element Of issues presented on our future
considering only the welfare and happiness
Of our people, ! should not be content to
omit again calling attention to the things
that In my opinion vitality AFFECT our
strength ana position among the govern
ments Of the world. Our morality, integrity
and patriotism as citizens Of the republic
for century past has been the best hope
Of the world and tn, inspiration Of man
kind. We must not now prove false to our
own high standards In government, nor un-
mindful Of the noble example and wise
precepts Of the fathers or Of the confidence
and trust which our conduct In the past
has always inspired.
The Free Coinage of silver
For the first time since 1858, II ever before
year clear and direct issue as to our none
tary system Of vast Importance In Its effects
and upon the right settlement Of which
rests largely the financial honor and pros
perity Of the country. 1t is proposed by
one wing Of the Democratic party and its
allies, the Peoples and silver parties. to
inaugurate the free and unlimited coinage
Of silver by independent action on the part
of the United States, at q ratio Of sixteen
ounces Of silver to one ounce Of gold. The
mere declaration Of this purpose Is menace
to our financial and industrial interests
and has already created universal alarm.
It involves great peril to the credit and
business 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 people.
We have had few instances 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
a sober and unparalleled judgment ut 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. 1t
would mean the free use Of the minis OF
owners Of silver bullion. but would make
silver coin no freer to the many who arc
engaged In other enterprises. 1t would
not make labor easier. the hours of labor
shorter or pay better. 1t would not make
farming less laborious or more profitable.
demand for an additional days labor. II
would create no new occupations. II
would add nothing to the comfort of the
masses, the capital Of the people or the
wealth Of the nation. 1t seeks to introduce
q new measure of value. but will add M
value to the thing measured. It would
not conserve values. On the contrary. II
would derangc oil existing values. II
would not revive business confidence. but
its direct effect would be to destroy the
the little which yet remains.
What 1t Means
The meaning of the coinage plant
adopted at Chicago Is that any one ma!
take a quantity Of silver bullion. nov
worth IS cents. to the mints Of tn
United States. have 1t coined at the ex
pense Of the government and receive TO
It a silver dollar which shall be lega
tender for the payment Of all debts. publ
and private. The owner of the .silve
bullion would get the silver dollar. l
would belong to him and nobody else
Other people would get it only by thei
labor, the products Of their land or some
thing Of value. The bullion owner. on tn
basis Of present values. would receive tn
silver dollar for So cents worth Of savel
and other people would be required to re
ceive it as full dollar in the paymen
of debts. The government would get moth
ing from the transaction. It would bea
the expense Of coming the silver and tn
community would suffer loss by its use.
The Dollars Compared.
We have coined since 1876 more tina
400.000,O00 Of silver dollars which are mair
Gained Dy the government ut parity Wit
gold and are full legal tender for th
payment Of oil debts, public and privat,
How are the silver dollars now in use di
ferent from those which would be In us
under free coinage? They are to be Of th
same weight and fneness; they are to bea
the same stamp Of the government. VIII
would they not be of the same value?
answer: The silver dollars now in use wei
coined on account of the government an
not for private account or gain, and til
government has solemnly agreed to kee
them as good as the best dollars we hav
The government bought the silver bullio
at is market value and c..ned 1t into silve
Having exclusive control Of the mintage
coins only what 1t can hold at parity wit
gold. The profit presenting the differens
between the commercial value Of the silv'
bullion and the face value Of the silver do
lar goes to the government for the benea
Of the people.
The government bought the silver bul!io
contained In the silver dollar at very mue
Ices than Sfa coina oo whine IL mid IL Ol