The Coconino weekly sun., 1896-09-17

at It's present price of less than a cents per ounce Tn the market, such a policy means an immediate profit to the seller of silver, for which there is no return now or hereafter to for each dollars worth of silver bullion de- livered at the mint, practically two dollars of stamped coin will be given in exchange. For eiO0 worth of bullion nearly 20) silver dollars will be delivered
 Any attempt on the part of the government to create, by it's fiat, money of fictitious value, would dishonor us in the eyes of other peoples and bring infinite reproach upon the national character. The business and fnan- cial consequences of such an immoral act would be world wide. because our commercial relations are world wide. All our settlements with other lands must be made, not with the money which may be legally current in our own country. but in gold, the standard of all nations with which our relations are most cor dial and extensive and no legislative enact- ment can free us from that inevitable neces- sity. It is known fact that more than 80 per cent of the commerce of the world is settled in gold or on gold basis.
 Mir. Hobart then goes on to tell of the effect he thinks free coinage would have on various interests:
 There are now on deposit in the savings banks of 8 states and territories of this union the vast sum of 5000 0J0,0O0 These are the savings of almost 5, ,o0O, ,00) depostors. In many cases they represent the labor and economies of years. Any depreciation in the value of the dollar would defraud every man, woman and child to whom every savings belong. Every dollar of their earnings when deposited was of weight and fineness Are they not entitled to receive in full, with interest all they have so deposited! Any legislation that would re- duce 1t by the value of single dime would be an intolerable wrong to each depositor. Every bank or banker who has accepted the earnings of these millions of dollars to the credit of our citizens must be required to pay them back in money not one whit less valuable than that which these banks and bankers received in trust
 There are. in this country, nearly 5000 build ing and loan associations with shareholders to the number of ,8)0,O00 and with assets amounting to more than s5OO,0D,OO0 Their av- craze of holdings is nearly s30) per capita and in many cases they represent. the savings of men and women who have denied themselves the comforts of life in the hope of being able to accumulate enough to buy or build homes of their own. They have aided in the erection of over 900 of houses. which are now affording comfort and shelter tor 5,00O,0O0 of our thrifty people
 Free coinage ut the arbitrary rate of sixteen ounces of silver to one of gold would be eQuiv-
  ings that these people have invested. It would be tantamouut to a war upon American home- makers. It would be an invasion of the homes of the providcnt" and tend directly to destroy the stimulus to endeavor and the compensation of honest toil."
 The vice presidential nominee then touches on the tariff as follows:
 Our party holds that by wise adjustment of the tariff conceived in moderation and with a view to stability, we may secure all needed revenue, and it declares that in the event of it's restoration to power, it will seek to accom- plish that result It holds, too, that It Is the duty of the government to protect and encour- age in all practicable ways the development Of domestic industries, the elevation of home la bor and the enlargement of the prosperity or the people. It does not favor any form Of leg isation which would lodge in the government the power to do what the people ought to do for themselves, but 1t believes that 1t IS both wise and patriotic to discriminate in favor Of our own material resources, and the utiliza- tion under the best attainable conditions of our own capital and our own available skill and industry
 In conclusion Mir. Hobart says:
 The republican party has always stood for the protection of the American home. It has aimed to secure 1t in tho enjoyment of all the blessings of remunerated industry, Of moral culture and of favorable physical environment It was the party which instituted the policy of free homesteads. and which holds now, that this policy should be re-sstablshed. and that the public lands yet vacant and subject to en- try in any part of onr national territory, should be preserved against corporate aggression as homes for the people. It realizes that the safe- ty of the state lies in the multiplication of households, and the strengthening of that sen- timent of which the virtuou| home Is the best and truest embodiment: and 1t will aim to dig nifty and enlarge by all proper legislation this element of security.
 If elected to the position for which have been nominated, 1t will be my earnest and con- stant endeavor, under divine guidance, in the sphere of duty assigned to me, to serve the people loyalty along the line of the principles and policies of the party which has honored mo with it's preference.