The herald., 1896-08-27
Major M'k|N[EY
"''''' WRITES u 11{{;I 4 LETTER
Accepting the Republican
Nomination
1 1ANGE OF CONTRADICTIONS
Calculated to Mislead Only the
Unthinking
FREE COINAGE MEANS RUIN
Because the Parity Could Not Possibly
Be Maintained
Yet lie Always Has and Still Does Favor
Silver
We Cen Have bImetaIIism When England
Will Consent, and Must Have
Tariff In Spite Of Her
Opposition
FREE COINAGE MEANS RUIN
Because the Parity Could Not Possibly
Be Maintained
Yet He Always Has and Still Does Favor
Silver
We can Have BImetaIIism When England
Will Consent, and Must Have .
Tariff In Spite Of Her
Opposition
Associated Press Special Wire

AoooSidtcu iCoS oPcSioi WhS
CANTON, O., Aug. 26.-Major Nc
Kinley's letter of acceptance was issued
today: 1t is as follows:
Hon. John NJ Thurston and Other
Members of the National Notification
Committee:
Gentlemen-In pursuance to the prom
Use made to your committee when noti-
fled of my nomination as the Republican
candidate for president, beg to submit
this formal acceptance Of that high hon.
or 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 I have made to delegations
that have visited me since the st. Louis
convention, but in view of the momen-
tous Importance of the proper settlement
of the issues presented in our future
prosperity and standing as nation con-
sidering only the welfare and happiness
of our people, could not be content to
omit again calling attention to the ques-
tions which. in my opinion, vitality affect
our strength and position among the
governments of the world and our mo-
rality, integrity and patriotism as citi-
zens of that republic which for a CEN
tury past has been the best hopes of the
world and the inspiration Of mankind.
We must not now prove false to our own
high standards in government nor un-
mindful the noble example and wise pre-
cepts 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 1865 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 i'm
portance in it's effects and upon the right
settlement of which rests largely the
financial honor and prosperity of the
country. 1t is proposed by one wing Of
the Democratic party and it's allies. the
Peoples and silver parties, to inaugu-
rate the free and unlimited coinage Of
silver by Independent action on the
part of the United States at ratio of
sixteen ounces of silver to one ounce of
gold. The mere declaration of this pur-
pose is a menace to our financial and in
oustrial interests and has already Great
ed universal alarm. 1t involves great
peril to the credit and business of the
country, peril so grave that conserva-
tive men everywhere are breaking 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 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 anoth-
er 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. 1t would mean
the free use of the mints of the
United States for the few who are own
ers of silver bullion, but would not make
silver any freer to the many who are en-
gagged in other enterprises. 1t would
not make labor easier. the hours of la
bor shorter. or the pay better. 1t would
not make farming less laborious or
more profitable. 1t would not start a
factory or make demand for an addi-
tional days labor. 1t would create no
new occupations. 1t would add nothing
to the comfort of the masses, the capital
of the people or the wealth of the nation.
1t seeks to introduce a new measure of
value, but would add no value to the
thing measured. 1t would not conserve
values. On the contrary, it would de-
range all existing values. 1t would not
restore business confidence, but it's di-
rect 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 quantity of silver bullion now
worth SO cents, to the mints of the Unit
ed States, have it coined at the expense
of the government, and receive for it a
silver dollar which shall be legal ten
der for the payment of all debts, public
and private. The owner of the bullion
would get the silver dollar. It belongs
to him and nobody else. Other people
would get it only by their labor, the
products of their land, or something of
~Alne. The bullion owner. on the basis