New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-10

PROTECTION OF AMERICAN HOMES
AGAINST ANARCHY AND EEvo-
LUTON DEMANDED.
The letter Of Garrct A. Hobart accepting the
Republican nomination for the Vice PRESIDENCY
was made public last night. Mr.. Hobart cx-
presses emphatic approval of all the planks OF
the Republican National platform. but dcVotes
the greater part of his letter TO discussion OF
the financial question and the necessity OF ade-
ouatc revenue for the Government. The letter
is as follows:
Paterson ~ j.. Sept .. 1896
Hon. Charles w Fairbanks and others Of the
Notification Committee Of the Republican
National Convention.
Gentlemen: I have already. in accepting tho
nomination for the office Of the Vice-Presidency
rendered me by the National Republican CON-
vention. expressed my approval of the platform
adopted by that body the party basis OF doc
trine In accordance with accepted usage beg
now to supplement that brief statement OF my
views by some additional reflections upon the
questions which are in debate before the Ameri-
can people.
The platform declarations in reference to the
money question express clearly and unmistak-
ably the attitude Of the Republican party as 10
this supremely important subject We stand un-
qualifiedly for honesty in finance and the perma-
nent adjustment OF our monetary system IN 'he
multifarous activities Of trade and commerce. ID
the existing gold standard Of value. we hou
that every dollar OF currency issued D! inc
United States. whether of gold silver or paper
must be worth a dollar in gold. whether IN 'ne
noc,kot of the man who tolls for his daily bread.
in the vault of the savings-bank which holds
his DEPOSITS. or in the exchanges Of the world
Tho money standard of great nation shouio
he as fixed and permanent as the nation i''ei'
To secure and retain the best should be the oe-
sire of every right minded citizen kesths o'
stable foundations. continuous ana uhN"Si"6
certainty Of value should be its DISTINGUISHING"
characteristic The experience Of all history con-
firms the truth that every coin. made uhder any
law howsoever that coin may he stamped VIII
finally command IN the markets or the "o''"
the exact value of the materials which compose
If The dollar Of our country whether OF gold
or silver. should be of The full value Of one num-
dred cents and by so much any dollar Is worth
less han this in the market. by precisely that
sum will some one be defrauded
GOLD THE FINAL STANDARD
Tho necessity Of a certain and fixed money
value between nations as we'll as indiNldualS mas
crovn out Of the Interchange or conlnlouiU'''
the trade and business relationships Whlc, nave
arisen among the peoples Of the WorcI WIN
the enlargement OF human wants ana 'ne uo""-
ening of human interests This hec'SS'S' ""
made gold the final standard Of all enlightened
nations Other metals including silver nave
recognized comm ,rclal value, and silver especla'-
lv has value Of great importance ior sun
eidarv coinage In view Of sedulous eiiort py
. coipo n
impression it cannot be too strongly empnaslzed
.ha. tho penuliican marty in its platform afhrms
this value in silver and favors the largest pos
sibe use of this metal as actual money that can
he maintained with safety. Not only ths' II VIII
not antagoniZe. but will gladly assist III pi'
noting q double standard whenever II can DO
secured by agreement ana cooperation a"o"s
the nations. The bimetallic currency Ni'oi'"s
the free use Of silver which we now nave -
cordially approved by Republicans hu' d s'""u
ard and a currency are vastly different 'h'hss'
II we are to continue to hold our place among
the great commercial nations. we must ce"Se
Juggling with this question and make our NUM-
csty of purpose clear to the world NJ ioo'''
should be left FOR miscOnception as 10 the "he""-
inc of the language used in the bonds of the
! Government not yet matured. 1t should not 10
, nossible for any party or individual 10 raise
/ Il
pay all it's obligations in the best form OF money
/ recognized by the commercial world. Any ma
| zion which is worthy Of credit or confidence
can afford To say explicitly on a question 20
vital 10 every interest what II means, Wheh
such meaning Il challenged Or doubted II "
! desirable that should make 1t known AT
once and auth )rtatively that an honest ooi-
/ lar means any dollar equivalent to a soid do'-
lar Of the present standard Of weight and fine
ness The world should likewise be assured that
! The standard dollar # America is as lnilexlple
q ouantitv as the French Napoleon. the British
sovereign or the German 20-mark piece
CONSEQUENCES OF FREE-sILNER COINAGE.
/ The free-coinag. of silver at The ratio Of IL to
is policy which no nation has ever before
rroposed and it is not to-day permitted in any
mint in the world-not even IN Mexico. III 10
purposed to make the coinage unlimited. at an
absolutely fictitious ratio. fixed with no refer-
cnce to intrinsic value or pledge of ultimate re-
denption With silver at its present price Of
less than 40 cents per ounce in the market, such
A policy means an immediate profit to the SELL
cr cf silver for which there is no return now or
hereafter the pe1rle or the Government It
means that for each dollars worth Of silver
bullion delivered at tie mint practically 80 of
stamped coin will be given in exchange. For
SlOO worth of bullion nearly two hundred silver
dollars will he dellN cred.
Let 1t also he remembered that the conse.
quences of such act would probably be
cumulative in their effects The crop OF silver.
unlike that Of hay. or wheat or corn-which.
being Of yearly production. can be regulated by
the law Of demand and suppy-is fixed once for
all. The silver which has not Yet been gathered
is all in the ground Dearth or other accident
OF the elements cannot augment or diminish It.
Is ii not more than probable that with the
enormous premium offered for its mining tho