The herald., 1896-07-08

gold and silver may be concurrently
coined as money, and that basis is equal
ity, not in weight but in the current
value of the metal contained in the re-
spective coins. The commercial value
is fixed by the markets of the world,
with which the great interests of our
country are necessarily connected by
innumerable business ties which cannot
be severed or ignored. Great and self
reliant as our country is it is great not
alone within its own borders and upon
iits own resources, but because it so
reaches out to the ends of the earth in
all the manifold departments of busi-
ness exchange and commerce and must
sustain 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 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
way as to restore public confidence here
and everywhere in the integrity of our
>
among the other great commercial coun-
tries of the world will not only cost us
millions of money but that which. as
patriots, we should treasure more highly,
our industrial and commercial supre-
macy. My estimate of the statute value
of a protective policy has been formed
by the study of the object lesson Of
great industrial state extending over a
period Of thirty years. 1t is that protec-
tion rot only builds up important in
dustries from small beginnings, but that
those and all other industries flourish or
lansuish in proportion as protection is
maintained or withdrawn. 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 manufactures and mechanic.
l am FIRMLY persuaded that what we need
most of all to remove the business para
lysis that afflicts this country is the re-
storation of a policy that, while'affording
ample revenue to meet the expense of
the government win reopen American
workshops on full time and full handed,
with their operatives paid good wages
in honest dollars. Ard this can only
come under q tariff which will hold the
interests of our own people paramount in
our political and commercial systems.
The opposite policy which discourages
American enterprise, reduces labor to
idleness, diminishes the earnings of
American workmen, opens our markets
to the commodities from abroad which
we should produce a home while closing
foreign markets against our products
and which at the same time steadily
augments the public debt, increasing the
public burdens, While diminishing the
ability of the people to meet them is a
policy which must find its popularity
elsewhere than among American citi
zens. / shall take an early opportunity
gentlemen, to commit through you to my
fellow citizens with somewhat more of
detail. my views concerning the domi-
nant questions of the hour and the crisis
which confronts us as nation.
With this brief expression of my appre-
citation of the distinguished honor that
has been bestowed upon me and this
signification of my acceptance of the
trust to which have been summoned, l
place myself at the service of the Repub
lican party of the country.
Governor Griggs arrived at Hobart's
house at HAS a. m. Fully 5000 people
were gathered in the vicinity of the house
during the exercises.