The news boy., 1896-09-05
M'KINLEY's. LETTER.
Accepting the Republican Presi-
Dental Nomination.
a Plain Pressntation OF tho Principal Is
sues of me Pending Campaign From
. Republican Standpoint
Briefly summarised.

Briefly summArteed.
CANTON, b; Aug. 2s.--Maj. McKin.
ley's letter of acceptance was given to
the press Wednesday evening. 1t is a
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:
THE republican party has declared in favor
OF an International agreement, and II 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
II not defeat, international bimetallism,
and until an international agreement can
be bad every interest require, us to mains
tain our present standard. Independent free
coinage Of silver at q ratio OF 1G ounces Of sill
yer to ounce OF gold would insure
the speedy contraction Of the volume
OF our currency. It would drive at
icdSt OI pOlu uOllaIS, Wnlcn we now
have. permanently from the trade OF the coun-
try. and greatly decrease our per capita cir
cuiation. 1T Is not proposed BY the republican
party to take from the circulating medium
OF the country any Of the silver we now have.
On the contrary, 1t is proposed 70 keep
all Of the silver money now in circula-
tion on parity with gold by maintain
Ing the pledge of the government that all OF it
shall be equal to gold. This has been
the unbrofen policy OF the repub-
lican party since 1873. It has inaugurated
no new policy. 1t will X. ep IN circulation and
as good as gold all of the silver and paper
money which are now included in the currency
Of the country. 1t will maintain their par-
ty 1t will preserve their equality in the fu-
ture as 1t has always done in the past 1t will
not consent to put this country on silver
basis, which would inevitably follow inde-
pendent free coinage at a ratio OF l6 to 1. 1t
will oppose the expulsion OF gold fror our cir
culation.
III there is any one thing which should be
free from speculation and fuctuaton it is the
money OF Il 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 as stable ard unchangine in valuc a1
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 laborers. They are
the first to feel its bad effects and the list to
cover from them. This has been the
| uniform experience of oil countries, and
here, as elsewhere, the poor. and not the
| rich, are the greater sufferers from
| every attempt to debaSe our money. l, would
| fall with alarming severity upon Investments
! already made upon insurance companies and
| their policy holders, upon savings banks and
| their depositurs, upon building and loan as
| sociations and their members, upon the say
ines of thlft, upon pensioners and their FAM
| lies and upon wage carners and the purchas-
Ing power CT their wages"
Discussing the tariff, the letter, after
a general review Of the question, says:
1T is not an 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 q more active use OF the money
coined. Not open mints for the unltm ed
| 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 net bring neceSsarieS and comforts
OF life back to our people. This will only come
with the employment OF the masses. apd su. h
employment is certain to follow the rc-estab-
| lishment Of wise protective policy which
shall encourage manufacturing at home. Pro-
lection has lost none CT its virtue and i:n-
! portancc. The first duty of the republi-
can party, II restored to power in
the country, will be the enactment OF
o tariff law which will raise ali the money
| necessary to conduct the government, econoEl-
icaliy and honestly adm in stored. and So ud-
| justed as to give preference to home inanufac-
turers and adequate protection to home labor
and the home market. We are not committed
to any special schedules or rates CT duty. They
| arc and Should he always subject 10 change
to meet new conditions, but the principle upon
which rates of duty are imposed re-
mains the same. Our duties should
| always be high enough to measure the difcr-
| ence between the wages paid labor at home
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 os severely as our Ia.
borers and manufacturers. badly as they
have suffered The republican plat
form wisely declares in favor Of such en-
couragement to our sugar interests ''as will
lead to the production on American soil of all
the sugar which the American people Use" l,
| promises to our wool and wooen interests
| 1.-The most ample protection" Il guaranty 4 Il,
| ought to commend itself to every patriotic cit.
izen. Never was more grievous 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 cti-
| IeIls, their interests have been prac.
tically destroyed and our woolen manufacture
ers involved in similar disaster at no time
within the past SO years, aud perhap:
never during any previous period, have Sc
many OF our woolen factories been suspended
Gs now. The republican party can be relied
upon TO correct these great wrongs II again IN
trusted with the control Of congress"
The letter gives statistics to show The
working OF the reciprocity clause of ths
| tariff Law Of 1So0 and the results of II,
abrogation, and says:
The reciprocity treaty between this counir!
and Spain, touching the markets of Cuba an,
Puerto Rico, was announced September |, 1891
The growth of our trade with Cuba was phc
nomenal. In 1891 We sold that country bu
lli4l barrels Of -four: In 1872, 800 ,l75; in Is95
d,i06 and IN 1894, 6G!,2iS. Here was growtl
| OF nearly $50 per cent, while our expectation
OF -four to Cuba for the year ending June &c
1S95--the year following the repeal OF the re
ciprocity treaty-fcll to 379,s56 barrels. a los
OF nearly half our trade with that country
| The value OF our total exports OF nerchandis
| from the United States to Cuba in 1881 the yea
| prior to the negotiation of the reciprocit
treaty was sla,s2i,Sss; in 1892, sl' ,953, ,579; il
1893 ,2ii57 COS; in 1894, s20l25,S SCI; but in ls9.
| after the annulment Of the reciprocity agree
meut, it fell to only sl9,ss7 col. Many similar eS
amples might be given Of our increased trad
under reciprocity with other countries, bu
enough has been shown Of the efficacy OF IN
legislation of 1850 to justify the speedy restor
alton of its reciprocity provisions"
Other portions of the letter advocat
the restraining of foreign immigration
declares that the soldiers and sailor
of the Union should neither be neglect
ed nor forgotten; favors the upbuild
ing of the American merchant marine
| hot