The daily morning journal and courier., 1896-09-10
l0BART'S VIRILE LETTER
HE ACCEPTS THE TICE- -PRESIDEN-
 TIAL NOMINATION..

The Great Issue, He Says, Is the Currency
 The Fallacies of the Free Silver Theory
 Exposed-How the Plan Would Work to
 the Detriment of the Industrial Classes-
 Effect of the System Plainly Pointed Out Need of a Revision of the Tariff Made
 Apparent-The Conditions Four Years
 Ago and To-day-A Statesmanlike Docu-
 ment.
 Paterson, N. J., Sept. 9.-Garret A. Hobart candidate for vice president on the republican ticket, to-day made pub lie his letter of acceptance. The full text is as follows:
 Paterson, N. J., Sept. 10, 1896. Hon. Charles w. Fairbanks and others
 of the Notification Committee of the
 Republican National Convention:
 Gentlemen:-I have already, in ac- cepting the nomination for the office of the presidency rendered me by the National Republican convention, ex- pressed my approval of the platform adopted by that body as the party ba- sis of doctrine. In accordance with ac- cepted usage I beg now to supplement that brief statement of my views by some additional reflections upon the questions which are in debate before the American people.
 The platform declarations in refer ence to the money question express clearly and unmistakably the attitude of the republican party as to this su- premely important subject. We stand unqualifedly for honesty in finance. and the permanent adjustment of our activities of trade and commerce, to the existing gold standard of value We hold that every dollar of currency issued by the United States, whether of gold, silver or paper, must be worth dollar in gold, whether in the pocket of the man who tolls for his daily bread, in the valut of the savings bank which holds his deposits, or in the ex- changes of the world.
 The money standard of great na- tion should be as fixed and permanent as. the nation itself To secure and re- tain the best should be the desire of every right-minded citizen. Resting on stable foundations, continuous and unvarying certainty of value should be it's distinguishing characteristic. The experience of all history confirms the truth that every coin, made under, any law, hoWsoever that coin my be stamped will finally command in the markets of the world the exact value of the materials which compose it. The dollar of our country, whether of gold or silver, should be of the full value of one hundred cents, and by so much as any dollar is worth less than this in the market, by precisely that sum will some one be defrauded
 The necessity of a certain and fixed money value between nations as well as individuals has grown out of the in terchange of commodities, the trade and business relationships which have arisen among the peoples of the world, with the enlargement of human wants and the broadening of human interests. This necessity has made gold the final standard of all enlightened nations. Other metals, including silver, have a recognized commercial value, and Sil- yer, especially, has a value of great importance for subsidiary coinage In view of a seduous effort by the advo- cates of free coinage to create a con- trary impression, it cannot be too strongly emphasized that the republi- can party In its platform affirms this value in silver and favors the largest possible use of this metal as actual money that can be maintained with safety. Not only this, 1t will not an- tagonize, but will gladly assist in pro- noting a double standard whenever it can be secured by agreement and CO., operation among the nations The bi metallic currency, involving the free use of silver, which we now have, is cordially approved by republicans. But a standard and a currency are vastly different things.
 If we are to continue to hold our place among the great commercial na- tions, we must cease juggling with this question, and make our honesty of purpose clear to the world No room should be left for misconception as to the meaning of the language used in. the bonds of the government not yet matured. It should not be possible for any party or individual to raise a ques- tion as to the purpose of the country to pay all it's obligations in the best form of money recognized by the commer- cial world. Any nation which is. worthy of credit or confidence can af- ford to say explicitly, on a question so vital to every interest, what it means, when such meaning is challenged or doubted It is desirable that we should make 1t known at once and authorita- lively, that an honest dollar" means any dollar equivalent to a gold dollar of the present standard of weight and ffneness. The world should likewise be assured that the standard dollar of America is as infiexible a quantity as the French Napoleon, the British sov- ereign, or the German twenty mark piece.
 The free coinage of silver at the ratio of sixteen to one is a policy which no nation has ever before proposed, and it is not to-day permitted in any mint in the world-not even in Mexico. It is purposed to make the coinage unlimi-