The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1896-07-08
MIR. HOBART IS
DULY NOTIFIED
Hon. {. ". Fairbanks, Of Indianapolis,
Delivers the Notification
Speech.
A BRILLIANT REPLY IS MADE
No financial Security. No Basiaess Stabil-
ity. No Real Prosperity khea the
Governments Position
Is IN D0ubt.

New York, July lin reply to the
speech Of Hon. c. W. Fairbanks. Of In
diana, at Patterson. n. j., today. no.
tifying Mr.. Hobart of his nomination
to the ce-presidency, that gentleman
said:
Mr. Fairbanks, and Gentlemen Of the
Committee: / beg TO extend 10 you
my grateful acknowledgements for the
very kind and fiattering terms in which
you convey the formal announcement
OF my nomination for vice-president
OF the United States by the Republican
national convention at st. Louis.
am profoundly sensible OF the honor
which has been done me, and through
me. the state in which all my life
has been spent, in my selection as can
didate for this high Office. appreciate
II the more because II associates me in
contest which involves the very grav-
est issues. with one who represents in
his private character and public ca
reer the highest intelligence and spirit
Of his party and with him my person
al relations are such as to afford a
guarantee OF perfect accord in the work
Of the campaign which lies before me.
II is sufficient for me to say at this
time. that. concurring without reserve
in all the declarations OF principle and
policy embodied in the St Louis plat
form. I accept the nomination rendered
to me. with a full appreciation of its
responsibilities and with an honest
purpose and in the event that the peo-
pie shall ratify the choice made by
the national convention, 1 will dis
charge any duties which may devolve
upon me with sole reference TO the
public good.
Let me add that 1t will be my earn
est effort in the coming campaign to
contribute in every possible wa toy the
success of the party which We repre-
sent, and which as TO the important
issues of the time, stands for the best
interests OF the people.
Uncertainty or 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 cannot
be over-estimated. Their can be no
financial security; no business stabil-
ity, no real prosperity where the policy
OF the government as to that question
is all matter Of doubt. Gold is the
one standard of value among enlight-
ened commercial nations. All financial
transactions of whatever character,
all business enterprises. all individual
or corporation investments are adjust
ed to it. An honest dollar worth 100
cents everywhere cannot be coined out
OF SO cents worth Of silver plus legis-
lative fiat. Such debasement of our
currency would inevitably produce in
calculable loss, appalling disaster and
national dishonor,
1t is fundamental principle in coin
age recognized 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 contain
ed in the respective coins This COM
mercial value is fixed by the markets
of the world with which the great in
terests Of our country are necessarily
connected by innumerable business
ties which cannot be severed or ig-
nored,
Great and self-reliant as our country
is, it is great not alone within its own
borders and upon its own resources,
but because II also reaches out to the
ends of the earth in all manifold de-
partments of business, exchange and
commerce, and must sustain with hon
or its standing and credit among the
nations of the earth.
The question admits of no comprom-
ise. 1t is vital principle at stake,
but 1t is no sense partisan or sectional.
1t concerns all the people. Ours, as
one Of the foremost nations, must have
a monetary standard equal to the best.
1t is of vital consequence that this
question should be settled now in such
a way as to restore public confidence
here and everywhere in the integrity
of our purpose. A doubt of that integ-
rity 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
more highly, our Industrial and COM
mercial supremacy.
My estimate of the value of pro-
tective policy has been formed by the
study of the object lesson of great
industrial state extending over a pc
rlod of thirty years. 1t is that protec-
tion not only builds up important in
dustries from small beginnings, but
that those and all other industries
flourish or languish in proportion as
protection is maintained or withdrawn