The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1896-07-11
MR.. HOBART'S ACCEPTANCE.

Mr.. Carrot A. Hobart was formally mott
fed on Tuesday of his nomination as Vice
President on the Republican ticket. His
speech accepting the nomination was clear
cut and unequvocal declaration of the at
titude of the party he represents toward
the leading national issues.
Speaking on currency, Mr.. Hobart said:
Uncertainty and instability as to the money
question involves most serious consequences
to every interest and to every citizen of the
country.
The gravity of this question can not be
overestimated. There can be no financial
security, no business stability, no real pros
perity where the policy of the government
as to that question is at all a matter of
doubt. Gold is the one standard Of value
among all enlightened commercial nations.
All financial transactions of whatever char
acter, all business enterprises, all individ-
ual or corporate investments are adjusted
to it. An honest dollar worth one hundred
cents everywhere can not be coined out of
tifty-three cents worth of silver plus ii
legislative fiat
Such debasement of our currency would
inevitably produce incalculable loss, appal-
ling disaster and national dishonor. 1t is
fundamental principle in coinage, recog-
nized and followed by all the statesmen of
America in the past, and never yet safely
departed from, that there can be only one
basis upon 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 insterests of our coun-
try are necessarily connected by innumer,
able business ties which can not be severed
or ignored. Great and self-relant as our
country is, it is great not alone within its
own borders and upon its own resources,
but because it also reaches out to the ends
of the earth in all the manifold depart
ments of business, exchange and commerce,
and must maintain with honor its standing
and credit among the nations of the earth.
The question admits of no compromise.
1t is vital principle at stake, but it is in
no sense partisan or sectional. 1t concerns
all the people. Ours, as one of the fore
most nations, must have a monetary stand
ard equal to the best.
1t is of vital consequence that this ques.
ton should he settled now in such way
as to restore public confidence here and
everywhere in the integrity of our purpose.
\ doubt of that integrity among the other
great commercial 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.
Equally straightforward is his treatment
of the tariff question. After stating that
his convictions on that subject are the re-
suit of thirty years of observation OF the
workings of protection, he says:
"My estimate of the value of a protective
policy i y = is that protection not
only builds up important industries from
small beginnings, but that these and all
other industries flourish or languish in
proportion as protection is maintained or
withdrawn. l have seen it indisputably
proved that the prosperity Of the farmer,
merchant and all other classes of citizens
goes hand in hand with that of the manu-
facturer and mechanic. | am firmly per-
suaded that what we need most of all to
remove the business paralysis that afflicted
this country is the restoration of policy
which, while affording ample revenue to
meet the expenses of the government, will
reopen American workshops on full time
and full handed, with their operatives paid
good wages in honest dollars"
Clear and to the point. 1t is evident
the convention made no mistake when it
placed Mr. Hobart upon the ticket with
the gallant Ohio leader.