The Taney County republican. (Forsyth, Mo.) 1895-1992, 1896-09-03
M'KINLEY'S LETTER.
Accepting the Republican Presi-
Dental Nomination.
A Plain Presentation of the Principal Is
sues of the Pending Campaign From
Republican Standpoint
Briefly Summarized.

CANTON, o, Aug. 2s.-Maj. McKin-
iey's letter of acceptance was given to
the press Wednesday evening. 1t Is a
plain presentation of the principal
issues of the pending campaign from a
republican standpoint, of easy COM
prehension by all readers. 1t is de.
voted principally to the discussion of
what he considers the three great
questions of the campaign, protection,
honest money and reciprocity. About
one-third of the letter is devoted to a
consideration of the free silver ques-
tion, in the course of which Mai. Nc
Kinley says:
1.-The republican party has declared in favor
OF an international agreement. and il elected
president, 1t will be my duty TO employ all
proper means to- promote 1t. The free coin-
age of silver in this country would defer.
IL not defeat, international bimetallism.
and until an international agreement can
be had, every interest requires US to main
tain our present standard. Independent free
coinage OF silver at u ratio of 10 ounces OF sill
yer TO ounce of gold would insure
the speedy contraction OF the volume
OF our currency. 1t would drive at
least 5.Ooo0,000 OF gold dollars, which we now
have. permanently from the trade OF the coun-
try and greatly decrease our per capita cir
culation. II is not proposed by the republican
party to take from the circulating medium
OF the country any of the silver now have.
On the contrary, it is proposed to keep
oll. OF the silver money now In circula-
tion on q parity with gold by maintain.
ing the pledge OF the government that all OF IL
shall Dc equal to gold. This has been
the unbroken policy OF the repub-
lican party since 1878. 1t has inaugurated
no new policy. 1t will keep IN circulation and
good gold all of the silver and paper
money which are now included in the currency
OF the country. 1t will maintain their pari-
ty. 1t will preserve their equality in the fu-
ture as it has always done in the past II will
not consent to put this country on q silver
basis. which would inevitably follow- inde-
pendent free coinage ut a ratio of 16 to 1. 1t
will oppose the expulsion 0f gold from our cir.
culation.
"1f there is any one thing which should be
free from speculation and fiuctuatiOn 1t is the
money of country. 1t ought never to be the
subject OF mere partisan contention. When
we part with our labor our products or our
property, we should receive in return money
which is rs stable and unchanging in value as
the ingenuity Of honest men can make it. De-
basement OF the currency means destruction
of values. No one suffers so much from cheap
money as the farmers and iaborers. They arc
the first to feel it's bad effects and the last to
cover from them. This has been t1e
uniform experience OF all countries, and
here, elsewhere. the poor, and not the
rich, are the greater sufferers from
every attempt to debase our money. 1t would
already made. upon insurance companies ans
their policy holders, upon savings banks and
their depositurs, upon building and loan as
sociations and their members, upon the saw
ings OF thrift. upon pensioners and their FAM
lilies, and upon wage earners and the purchas-
Ing power OF their wages
Discussing the tariff, the letter, after
a general review of the question, says:
1T is not IN increase in the volume of money
which is the need of the time, but an increase
in the volume OF business. Not an increase OF
coin but an increase of confidence. Not more
coinage, but more active use OF the money
coined. Not open mints for the unlimited
coinage OF the silver OF the world, but open
mills for the full and unrestricted labor OF
American workingmen. The employment OF
our mints for the coinage OF the silver OF the
world would not bring r5crSsarieS and comforts
OF life back to our people. This will only como
with the employment of the masses. and such
employment is certain H. follow the rc-estab-
lishment of wise pfcseciive policy which
shall encourage manufacturing "a home. Pro-
lection has lost none of ics shVUe and. inn
portance. The first duty Of the republi-
can party, il restored to power In
the country, will be the enactment OF
tariff law which will raise all the money
necessary to conduct the government, econom-
ically and honestly administered and so ad-
jus,ed as to give preference to home manufac-
turers and adequate protection to home labor
and the home market We are not committed
are and should be always subject to change
to meet new conditions, but the principle upon
which rates of duty are imposed re-
mains the same. Our duties should
al ways be high enough to measure the differ
ence between the wages paid labor at nome
and in competing countries, and to adequately
protect American investments and American
enterprises.
"Our farmers have been hurt by the changes
In our tariff legislation severely as our To-
horerS and manufacturers badly thew
have suffered. The republican plat
form wisely declares in favor OF such en-
couragement to our sugar interests las Will
lead to the production on American soil Of all
the sugar which the American people use" 1t
promises to our wool and w6olen interests
1.-THE most ample protection" n guaranty that
ought to commend itself to every patriotic cit
izen. Never was more grfayous wrong done
the farmers of our country than that so un-
justly inflicted during the past three years
upon the wool growers OF America. Although
among our most Industrious and useful 'citi-
zens, their interests have been prac-
tically destroyed and our wooien manufactur-
ers involved in similar disaster. At no time
within the past &c years, and perhaps
never during any previous period, have SO
many OF our wooden factories been suspended
as now. The republican party can be relied
upon to correct these great wrongs IL again in
trusted with the control OF congress"
The letter gives statistics to show the
working of the reciprocity clause OF the
tariff law of 1890 and the results OF its
abrogation, and says:
The reciprocity treaty between this country
and Spain, touching the markets OF Cuba and
Puerto Rico, was announced September i, lssi.
The growth of our trade with Cuba was phe-
nomenaL In 1891 sold that country but
II44l barrels of -four; in 1892 306,175: in 1888
6l6 4os: and In 1884, t6 .2IS. Eere was growth
Of nearly SO per cent, while our expectations
OF -four to Cuba for the year ending June 81,
1Sg5--the year following the repeal OF the re-
ciprocity treaty-fcll TO 379,&6 barrels loss
OF nearly half our trade with that country.
The value OF our total exports OF merchandise
from the United States 10 Cuba in 1S91-the year
prior to the negotiation Of the reciprocity
treaty-was sl2 2a4 .ses: IN 1902, s17,953,57e in
1898 ees; in 1894 SO, ,S2l but in 1895,
after the annulment OF the reciprocity agree
rpent it fell to only s2 Ss7, Col. Many similar ex-
nb,es might be given OF our increased trade
under reciprocity with other countries, but
enough has been shown OF the efficacy OF the
legislation OF 1890 to justify the speedy restor-
alton OF its reciprocity provisions
Other portions of the letter advocate
the restraining of foreign immigration;
declares that the soldiers and sailors
of the Union should neither be neglect
ed nor forgotten; favors the upbuild-
ing of the American merchant marine;
declares that the republican party