Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1896-09-19

At its present price OF less thaE 40 cents per
ounce the market, such policy means an
immediate profit to the seller of silver, for
which there is no return now or hereafter to
the people or the government 1t means that
for each dollars worth of silver bullion de-
hvered at the mint, practically two dollars OF
stamped coin will be given in exchange. For
500 worth of bullion nearly 200 silver dollars
will be delivered
Any attempt on the part of the government
to create, by it's fiat, money of a fictitious
value. would dishonor us in the eyes of other
peoples and bring infinite reproach upon the
national character Tho business and hnan-
cial consequences of such an immoral act
would be world wide. because our commercial
relations world wide. All our settlements
with other lands must be made, not with the
money which may be legally current in our
own country. but in gold, the standard OF all
nations with which our relations are most cor
dial and extensive, and no legislative enact
ment can free US from that inevitable neces-
sity. 1t is a known fact that more than so per
cent of the commerce OF the world is settled in
gold or on gold basis
Mr.. Hobart then goes on to tell of
the effect he thinks free coinage would
have on various interests:
There deposit in the savings
banks of 80 states and territories of this union
the vast sum of 81, 0OO. 0m,OO0. These are the
savings of almost 5,coo. OOJ depositors. In many
cases they represent the labor and economies
of years. Any depreciation in the value of the
dollar would defraud every man, woman and
child to whom every savings belong Every
dollar of their earnings when deposited was
worth 100 cents in gold of the present standard
of weight and fneness- Are they not entitled
receive in full. with interest, all they have
so deposited? ANY legislation that would re-
duce it by the value of a single dime would be
an intolerable wrong to each depositor. Every
bank or banker who has accepted the earnings
of these millions OF dollars to the credit of
citizens must be required to pay them back in
money not whit less valuable than that
which these banks and bankers received in
trust
There are, in this country, nearly 5000 build
ing and loan associations, with shareholders
to the number of 1,SJ0, 900 and with assets
amounting to more than s50o.0UO00- Their av
erage of holdings is nearly 1901 per capita. and
in many cases they represent the savings of
and women who have denied themselves
the comforts of life in the hope of being able to
accumulate enough to buy or build homes of
their own. They have aided in the erection
of 100 100 OF houses, which
afording comfort and shelter for ), COG, 600 OF
thrifty people.
Free coinage at the arbitrary rate of sixteen
ounces OF silver to one of gold would be equiv
alent to the coniscation of nearly half the saw
ings that these people have invested. Itwould
be tantamount to n war upon American home
makers 1t would be an invasion of the
homes of the provident'' and tend directly to
destroy the stimulus to endeavor and the
compensation of honest toll"
The vice presidential nominee then
touches on the tariff as follows:
Our party holds that by a wise adjustment Of
the tariff, conceived in moderation and with a
view to stability. may secure all needed
revenue and it declares that in the event of its
L
plish that result 1t holds, too, that it is the
duty of the government to protect and encour-
age in all practicable ways the develo pment of
domestic industries, the elevation of home Ia
Dor and the enlargement of the pros perlty of
the people 1t does not favor any form of leg
islation which would lodge in the government
the power to do what the people ought to do
for themselves but it believes that it is both
wise and patriotic to discriminate In favor of
own material resources, and the utiliza-
tion under the best attainable conditions of
our own capital and our own available skill
and industry.
In conclusion Mr.. Hobart SAYS:
The republican party has always stood for
the protection of the American home It has
aimed to secure it in the enjoyment OF all the
blessings Of remunerated industry. of moral
culture and of favorable physical environment
1t was the party which instituted the policy OF
free homesteads. and which holds now, that
this policy should be re-establshed. and that
the public lands yet vacant and subject to en-
try in ~ part of onr national territory. should
be pres erved against corporate aggression as
homes for the people 1t realizes that the safe
~ of the lies in the multi piication OF
households. and the strengthening of that SEN
timent of which the virtuous home is the best
and trueSs EN- bodiment: and it will aim to dig
nifty and enlarge by all proper legislation this
element OF security.
If elected to the position for which I have
been nominated. it will be my earnest and con-
slant endeavor. under divine guidance, in the
people Loyalty along the line OF the principles
and policies of the party which has honored
me with its preference