Evening star., 1896-07-07

prosperity where the policy of the gov
ernment as to that question is at all
matter of doubt.
"Gold is the one standard of value
among all enlightened commercial nations.
"All financial transactions OF whatever
character, all business enterprise, all lndl-
vidual or corporate investments are ad-
iUsted to it. An honest dollar worth 100
cents everywhere cannot be coined out OF
SO cents worth Of silver plus legislative
fiat.
| would inevitably produce incalculable loss,
appalling disaster. and national dishonor.
1t Is fundamental principle in coinage
| recognized and followed by all the states
men of America in the past and never yet
safely departed from, that there can be
| only one basis upon which gold and silver
may be concurrently coined, as money,
and that basis is equality, not in weight,
but in the commercial value of the metal
contained in the respective coins. This
commercial value is fixed by the markets
of the world with which the great inter-
ests of our country are necessarily con-
nected by innumerable business ties, which
cannot be severed or ignored. Great and
self-reliant as our country fs, 1t Is great
not alone within its own borders and upon
its own resources, but because it also
reaches out to the ends of the earth in all
the manifold departments of business, ex-
change and commerce, and must maintain
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 con-
Germs all the people. Ours, one of the
foremost nations, must have a monetary
standard equal to the hest.
1T is Of vital consequence that this ques-
tion should be settled now in such way
as to restore public confidence, here and
everywhere, In the integrity Of our pur-
pose. A doubt Of that integrity among
the other great commercial countries CT
the world will not only cost US millions
40 ynvht oh vi
should treasure still moro highly-our in
dustrial and commercial supremacy.
My estimate Of the value of protective
policy has been formed Ly the study of the
OBJECT lessons OF great Industrial state
extending over period Of thirty years. 1t
Is that protection not only builds up i'm
pcrtant industries from small beginnings
but that those and all other industries
flourish or languish in proportion as pro-
lection is maintained or withdrawn I
have seen 1t indisputably proved that the
prosperity of the farmer, merchant and all
other classes of citizens goes hand in hand
with that Of the manufacturer end me-
chanic
Il am firmly persuaded that what we
need most of all to remove the business
paralysis that afflcts this country is the
restoration of a policy which, while afford
Ing ample revenue to meet the expenses of
| the government, will reopen American
workshops on full time and full handed,
with their operatives paid good wages in
honest dollars. And this can only come
| under a tariff which will hold the interests
of our own people paramount in our polit-
ical and commercial :;ystems.
The opposite policy which discourages
American enterprise reduces American la
boz to idleness, diminishes the earnings of
American wofkingmen, opens our markets
| to commodities from abroad which We
should produce at home, while closing for
| eign markets against our products and
which, at the same time, steadily udgments
| the public debt, increasing The public bur-
dens, while diminishing tine ability Of the
| people to meet them, is a policy which
must find its chief popularity elsewhere
than among American citizens.
Il shall take an early opportunity, gen.
| tlemen of the committee, through you, to
communicate to my fellow citizens, with
somewhat more of detail, my views con-
corning the dominant questions of the
hour and the crisis which confronts us as
| a nation.
with this brief expression of my appre-
citation of the distinguished honor that has
been bestowed upon me, and this significa-
| tion Of my acceptance of the trust to which
| have been summoned, / place myself at
| the service of the republican party of the
country"
Gov. Griggs arrived at Mr.. Hobart's house
at II :45 o'clock, and among those in at
| tendance were Congressman Fowler, Stew
art and Parker. Fully 5000 people were
gathered in the vicinity Of Mr.. Hobart's
house.