Owingsville outlook. [volume] (Owingsville, Ky.) 1879-192?, 1896-09-03


Gentlemen: In pursuance OF tho promise
made to your committee when notified OF my
nomination as the republican candidate Tor
president beg To submit this formal accept
ance Of that h,gh honor. and To con-
slider IN detail questions at issue in
the Tending camp@isn Perhaps TINS
might be considered unnecessary
ia view Of my rem .rks on that occasion and
those have made TO delegations that have
visited me since the - Louis convention, but
in view OF the momeutous imI ortance OF the
prolcr settlement OF the issues presented on
our future prosperity and standing as a ma
lion and considering oH!y the welfare and
happiness az our people, / could not
be content 1, omit again calling
attention 10 the questions which IN my OF In
i,a v.tallN affect our strength aud position
amang the governments Of the world, aud our
NOR .lity. ii gritty and patriotism as citizens
OF that rct ublic. which for = century past h. =
been the best hope Of The world and the
IN piration Of mankind We must not
now prove false 90 our own high
standards In government nor unmlndtui
Of the noble example ana wise prccepis OF the
fathers o. Of The cunhLracr and trust which
our conduct IN the past ras always INSPIRED
For the first time since u ;, II ever before
there f. presented Ia the American people this
wear a clear aud direct Issue as To
our monetary system. OF vast nm
portancc IN its enrrts and upon the
right settlement of which rests largely the
financial honor aud pros perity Of the country
IL j. proposed hy one Wing Of the democratic
PARTY and it, allies, the peoples ana silver
parties. to iuaucurate the free auI unlimited
coinage of silver by independent action on the
part Of the United Static at ratio OF 10
ounces Of silver 10 one ounce OF so Il The
mere declaration Of this purpose Is menace
To cur financial ana industrial inter-
ests. and has ALREADY created universal
irm IL involves great peril 10 tho
credit and business OF the country.
a teril 50 grave that conservative men every
where are breaking away fTom their cd party
associations and uniting with other pttriotic
citizens in emphatic protest against the lat
form Of The democratic rational convention as
an - ault upon tie faith ara honor OF the
government aud the wei. r. O; tue people We
ave had few qucs tions In the lifetime 81 the
lub ic mere serious than the Cue Will Ia l.
thus presented
The character Of the money which shall
measure our values and exchanges ami Seu!e
our la iances with one aaotacT, aad with the
nations OF the worii Is Of such primary
Importance ami 80 far-reachlng In its conse-
ouences as TO call for the most painStakng
investigation and in the emf sober and un-
pre indeed judgment at all polls We must
mot De misled by phases, nor deluded by false
theories Free silver would not mean that
silver dollars were TO be freely had without
cost or labor IL would mcaa the free use OF
the minis OF the United States for the few
who are owners o; silver bullion. but would
make silver coin no free 10 tae many who are
engaged In other enterprise IL would net
make LABOR easier. the hour, OF labor shorter
or the pay better Il would not make farming
less laboTious or moTs proiiiabe IL would
rot start a factory, or make demand Tor
an additional days labor IL would create no
new occupations 1t would add nothing 10
the comfort Of the masses, the capital Of the
people or the wealth OF the nation. 1t seeks
20 introduce q new me sure OF value, but
would add no value TO the thlag measured u
would not conserve values On tae contrary.
1t would der snge a 4 existing values. II would
not restore business confidence. but its direct
effect would be to destroy the little which yet
remains
The meaning Of the coinage plank adopted
NJ Chicago Is that any one may take guam
tity Of silver bullion. now worth So cents, 10
the min t. the Urited States. have il coined
ut the expense OF tAc government and receive
for IL 4 silver dollar. which shall be legal ten
der for the paymen. of all debts. public and
private Tho owrer Of The silver bullion
would get tie silver dollar II would belong
TO him an. TO nobody else. Other people would
get & only by their labor the products OF
their land, or something OF value The bullion
owner. on the basis of present values. would
receive the silver dollar for 81 cents worth Of
silver and other people ould be required TO
receive IL as q full dollar in the pay ment OF
debts The government would get nothing
from the transaction IL would boaF the cHr
pense OF coming the silver, and the commInr
ity would suffer loss by its use
We have coined since 1873 more than four
hundrl d millions OF silver dollars. which are
man: aimed by the government at parity with
gold. and are a full legal tender for the pay.
ment Of all debts. public and private. How
AZ
from those which would be in use under
free coinagef They are to be OF the
same weight and nneness; they are to bear
the same stamp OF the government Why
would they not be OF the same valusi an-
swer: The silver dollars now in use were
coined on account OF the government and not
for the private account or gain. and the gov
eminent has solennly agreed TO keep them %
GOOD as the best dollars We have. The gov
eminent bought the silver bullion at its
market value and coined II into silver dollars.
Having exclusive control of the mintage, 1t
only coins what il can hold at a parity with
gold Tie proft, representing the difference
letxeen tie commercial value of the silver
bullion and the face value of the silver dollar.
Goes TO the government for the benefit OF the
,eople The government bought the silver
,uiliop contained in the silver dol
lar Of very much less than its
coinage value it paid it out 10 its creditors
and put IL In circulation among the people az
the face value OF one hundred cents. or q full
dollar IL required the peop'e to accept 1t as
o legal tender, and is thus morally bound 70
maintain Il al parity at gold which was
then. as now, tbs recognized standard
with us, and the most enlightened nations al
the world The government having issued
and circulated the silver dollar it must In
honor protect the holder from loss This obi
gation &c has SO far sGcrrdly kept Not only
- 1911 frss fawu
obligation. expressed IN public statute, 70
maintain the parity.
The dollars. in the particulars have named
are not the sane as the dollars which would
be Issued under free coinsge They would be
the same Ia form. but different in value The
governments woulc hass 10 part in the trans
action. except TO coin the silver Dalliop intc
| dollars IL would share in 10 art OF thu
profit u would take upon itself no obliga.
tion. IL would Ept INT the dollar ipto cir
eulation IL could set them, as snl
citizen would get taem. by giviul
something for them 1t would deliver
them TO those who deposited the silver. ant
| its connection with the tran action there end
Such are the silver dollars which worlh be is
sued under free coinage Of silver At a ratio o
| l6 toll Who would thep maintain the parity
| What would keep ihrn AZ par With gold
There would be 30 OBJ igatioa resting HpoR IL
goyernn ent TO 90 Il and II thsFs v, 70 IL wal,
4
i would be driven to q silver basis-to silver mo
/ nometallism. These dollars then. would stan,
uroa their real NaluH s'tle free and unllmit
4 ed coin ge CO silver at a ratio Of IS ounces o
Il silver 70 one ,uncc Of gold would. as some @
It's advoss:ss assert. make 50 cents in siive
worth 100 cents. aaa The silver Go,iar equal q
the gold dollar. then We would ha.e 10 cheape
/! money than now. and IL would be no easieft
get But that such would be the result (
| against Tesscp and cCntr-diettd by ex
perience in ell lines and in al
Ilnts IL means Tie dcb-sensat Of Cur cur
| roncy 10 tie amount OF the dinereEce betN ee
the CON nercIal nd coin value OF the silvs
doIiar. Rhich Is ever changing, ana The effee
wou,d lie 10 reduce grprerty Faipts, entail IN
told fnaEeisl loss, destroy confidence. impai
the obligations of existing contracts. fuEtha
impoyet,sh the laborers and pr oiucers OF tn
1 country, create a panic OF unpar~ nclod sever
ity auS infict upon trade nd commerce
feadly bios, AGAINST NJ such policy ! al
. .aierably opposed
Bimetallism can not be secured os i,5p
PENDENT action on our part il can not be OBJ
/, med by opening our mints TO the unlimitc
~ii.sge ~ silver Of the world at 4 ratio 81 I
pL.ees Of silver ~ one ounce of gold
hen the ooumcfei ! rafis Is uRsa -
tniiiy ounce, a. silver TO axe en-
| lexf q and lhiQl haas