The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-08-26


way to recover our lost sprosperity is to re-
turn to the wise Industrial policy by which
under Republican rule prosperity was
achieved.
The attempt to make an ounce of gold equal
in value to only sixteen ounces of silver when
1t is now worth thirty ounces Is hopeless and
absurd. The United States could not either
take nor use the silver that free coinage
law would bring to their mints. This fact
is so plain to the world of business that the
mere announcement of the success of the
Democratic ticket would send gold at once to
a premium, drive debtors into cruel lquida-
tion and cause further withdrawal of capital
from Investment, and the further suspension
of industry No injury could be inflicted upon
trade and commerce.; no fraud perpetuated
upon labor; no shame visited the national
reputation more hurtful than would be the
enactment of a law compelling the people to
accept, in payment of debts, a coin for one
dollar which they could spend for not much
more than half that sum-
To alege that our stock of money is not
now sufficient for the transaction of business
is mere assertion, but if it were true the evil
1t implies would not be cured by law the
first and instantaneous effect of which would
be to drive out of circulation our entire sup
ply OF gold money, more than one-third of
the whole.
The employment of all the minting re-
sources of the government in the coinage of
silver dollars only could not in a period of
fifteen years make up for the deficiency of the
circulation that would result from the retire
ment of gold. The currency per capita is
greater than it ever has been. The people can
take no more money than they can buy with
their labor, and what they buy is value and
not mere denominations. To the ma1r -enance
of pure circulation of dollars of Ad1 and
equal valuation the Republican party is reso-
lutely pledged, and for the firm establishment
of that policy 1t asks the support of every
citizen who wishes neither to cheat nor to be
cheated.
1t must be constantly borne in mind that
the conditions out of which this agitation for
free silver has arisen were created by the
democratic assault on the country's manu-
featuring industries. II there had been no in
terruption of the protective policy, there
Would nave been no interruption of the coun-
trys business, no failure OF revenue and no
lack of profitable employment for the people.
me increase OF $262, 315. 400 to the face of the
bonded debt, which four years of Democratic
rule has compelled, while in some measure
due to the acts Of congress upon the public
credit by the pressure of free silver bills, had
lrs origin IN tariff act which converted a
monthly surplus revenue into monthly de-
ncit, and exposed domestic production 10 un-
just competition.
The Republican party is welded to no set OF
rates or schedules but it's cardinal principle
is the protection of American industry. A tariff
must be enacted that will provide revenues
sufhcient to meet the ordinary and necessary
expenses OF the government and so adjusted
as to place American labor without the sac
r1hce of our high wage system on at least
equal terms in our own market with the
The nomination of Mckinley and Garret
A. Hobart by the Republican national con-
vention is received by the Republicans of New
York state with enthusiasm and confidence
We indorse the platform which they were
placed before the country and assure to them
the active support Of every Republican within
the borders of New York.
We commend the wise dignified and popular
administration of Gov. Levi P. Morton and
call attention to the contrast it affords with
the preceding Democratic administration in
the freedom of every form of public scandal.
The record of the last legislature was indorsed
the Raines liquor law praised, making of
good roads advocated and the enactment of
the Greater New York bill approved.
The committee on resolutions de-
clined to incorporate resolution pre-
sented by representatives Of the A. P.
A. and the National League for the
Protection of American Institutions,
proposing a sixteenth amendment to
the constitution of the United States
prohibiting the aiding Of secular in
stitutions with funds derived from
taxes.
The chair then called for the nomin-
alton of candidates. The names of
Gen. John Palmer, the present secre-
tary of state; Col. Archibald Baxter of
Chemung; Congressman Frank S.
Black, of Rensselaer,; Comptroller
James A. Roberts, of Erie, and James
w. Wadsworth, of Genesee, were pre-
sented, and elected the usual >hearty
applause. When Monroe county was
.
Aldridge began and when his name
was mentioned demonstration last
ing thirteen minutes followed. The
presentation of Senator Timothy E.
Ellsworth's name Wrung from Mr..
Platt his first cheer Of the session.
Hamilton Fish's name was then pre-
sented amid great applause, after
which Senator Edgar T. Brackett's 8
name was presented. When Tioga
county was reached the galleries shout
ed PLAT, Platt" and it looked as If
there would be a stampede, but Mr..
Platt remained seated and motioned
his friends to sit down. Gen. Arson
Wood placed in nomination Charles T.
Saxton, and the galleries and his adj
herents greeted his name with great
applause, but the delegates as a whole
were significantly silent. Despite this,
the demonstration was kept up for
sixteen minutes and then the Aldridge
banner was brought upon the scene
and the adherents of the two men
shouted at each other for five minutes
longer Balloting then began. The
h91IOtjro rpcll1fad follows.