Middletown transcript., 1896-09-05

Addicks. It is wrong and being wrong
should not be resorted to. The TRAN
SCRIPT has been and is opposed to Mr..
Addicks but it does not approve of
such methods to accomplish his defeat.
FROM THE LETTER OF ACCEPT
ANCE.
This is a campaign of education and
we have read Dowhere any clearer
statement of the situation of our af-
fairs than is presented by Major Nc
Kinley in his letter Of acceptance. Of
course many have already read the
letter in full but for the benefit of
those who have not we give the fol-
lowing clippings in addition TO those
given on finance last week:
REPUBLICANS FAVOR SILVER.
The Republican Party has not been,
and is not now, opposed to the use Of
silver money, as its record abundantly
shows. 1t has done all that could be
done for its increased use, with safety
and honor by the United States, act
ing apart from other governments.
There are those who think that it has
already gone beyond the limit of finan-
cial prudence. Surely we can 60 no
further, and we must not permit false
lights to lure us across the danger line.
MORE THAN ANY OTHER COUNTRY.
We have much more silver in use
than any other country in the world
except India or China-$500, ,000, 900
more than Great Britain; $3.50, ,000, 900
more than France; S40O, 900, 900 m ore
than Germany; 1926, 100000 less than
India, and $125, 5,0e0,0O0 less than
China. The Republican Party has de-
clared in favor of an International
agreement, and if elected President, it
will be my duty to employ all proper
means to promote it. The free COIN
age of silver in this country would de-
fer, if not defeat, Internal ional
bimetallism and until an international
agreement Can be had every interest
requires US to maintain our present
standard.
Independent free coinage of silver
at a ratio of sixteen ounces of silver to
one ounce Of gold would insure the
speedy contraction of the volume of
our currency. 1t would drive at least
five hundred millions of gold dollars,
which we now have, permanently from
the trade of the country and greatly
decrease our per capita circulation.
1t is not proposed by the Republican
Party tn take from the circulating
medium of the country any of the sill
yer we now have. On the contrary,
it is proposed to keep all cf the silver
money now in circulation on a parity
with gold by maintaining the pledge
of the government that all of it shall
be equal to gold.
This has been the unbroken policy
of the Republican Party since 1878. 1t
has inaugurated no new policy. It
will keep in circulation and as good as
gold all of the silver and paper money
which are now included in the cur
rency of The country. 1t will MAIN
tain their parity. 1t will preserve
their equality in the future as it has
always done in the past. It will not
consent to put this country on silver
basis, which would inevitably follow
independent free coinage at ratio of
16 to 1. 1t will oppose the expulsion
of gold from our circulation.
FARMERS AND LABoRERs SUFFER
MOST.
Ii there is any one thing which
should be free from speculation and
fuctuation it is the money of a country.
1t ought never to be the subject of
mere partisan contention. When we
part with labor, our products, or our
property, we should receive in return
money whichis as stable and unchang-
ing in value as the ing enuity of honest
men can make it. Debasement of the
currency means destruction of values.
No one suffers as much from cheap
money as the farmers and laborers.
They are the first to feel its bad effects
and the last to recover from them.
This has been the uniform experience
of all countries, and here as elsewhere,
the poor, and not the rich, are always
the greatest sufferers from every at
tempt to debase our money. 1t would
fall with alarming severity upon in
vest ments already made; upon insur-
ance comp mics and their policy hold
ers; upon savings banks and their de-
positors; upon building and loan asso-
Citations and their members; upon the
savings Of thrift; upon pensioners and
their families and upon wage-earners
and the purchasing power of their
wages.
IN THE HIGHEST DEGREE REPREHEN-
SIBLE.
Il is cause for painful regret and
sslicilud that an effort is being made
by hose high in the counsels of the
allied parties to divide the people of
this coul try into classes and create
distinctions among US, which, in fact,
do not exist, and are repugnant to our
form Of government. These appeals
t. passion and prejudice are beneath |
the spirit and intelligence Of q free
people, and should be met with stern |
rebuke by those they are sought to in |
1uence, and | believe they will be.
Every attempt to array class against
class, "ths classes against themasses, 4