The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1896-09-03
7NLEY ACCEPTS IT
,,rS FREE SILVER DOC.
,p,NE DANGEROUS.
e.d Change in Our Currency
W,uid BE Disastrous to
.,o hut To WageWOrkers
! raru.rr- Most Of All.
Mckinley Accepts.

ucKinley Accepts.
~ucNfnley's letter of acceptance,
n, the 18th. is as follows:
,nhn III. Thurston. and others.
.,s ni the notification committee of
p.nhliran national convention: Gen
In pursuance Of the promise made
6mr Committee when notified Of my
n ]" as the republican candidate
nnsiicnt beg to submit this formal
E,.nce Of that high honor. and to
|Ssr in detail questions at Issue In the
Ing campaign.
thrr. is presented to the American
"Mhis year a ckear aid direct issue as
W monetary system, Of vast import
IN jts effects. and upon the right set
mi of which rests largely the finan-
n "r"posed by one wing Of the demo-
n marty and its allies. the peoples and
~narties. TO inaugurate the free and
kn,trd coinage of silver by independent
nm on the part Of the United States at
r. Of gold. The mere declaration of
purpose IL a menac to our financial
Industrial interests and has already
rcd universal alarm. 1t involves great
TO the credit and business Of the
ntry. a peril SO grave that coEserva-
mpH eNcty NANt ~
m their old party associations and
ring with other patriotic citizens In
bhatic protest against the platform Of
democratic national convention as an
ault upon the faith and honor Of the
Eernment and the welfare OF the people.
have had few questions in tho life
IL of the republic more serious than the
which is thus presented.
he character Of the money which shall
assure our values and exchanges and
lie our balances with one another, and
ii the nations OF the world, is of such
imary Importance. and so far reaching
lis consequences as to call for the most
Installing investigation. and in the end
sober and unprecedented judgment at
E { pGl'S, oor Wd dei % n 6 By false sf m theorie Sy
Fee silver would not mean that silver
liars were to be freely had without cost
labor. 1t would mean the free use of
e minis OF the United States for the
|ould make silver coin no freer to the
ANY who are engaged In other enter
fises. 1t would not make labor easier,
b. hours Of labor shorter or the pay bet
kr 1t would not make farming less la
brious or more profitable. 1t would not
TAR a factory or make a demand for an
dditional days labor. 1t would create
70 new occupations. 1t would add moth
bg to the comfort OF the masses, the
hpital OF the people or the wealth OF the
ID liuu. " S''NE " d ACW tIlSdS-
Of value. bat would add no value to
he thing measured. 1t would not on
erve values. ON the contrary, 1t would
all existing values. 1t would not
estore business confidence. but its direct
feet would he to destroy the little which
remains.
The meaning Of the coinage plank adopt
d at Chicago. is hat any one may take a
uantity Of silver bullion now worth SO
an ounce to the mints Of h United
tates. ave it coined at the expense of
be government and receive for 1t a silver
ollar which shall be legal tender for the
Of all debts public and private.
he owner of the silver bullion would get
ne silver dollar. 1t would belong to him
nobody else. Other people would get
My by their labor. the products Of their
"ner on the basis of present values,
ould receive the silver dollar for So cents
of'h OF silver. n other people would be
to receive IT as q full dollar in
'e payment of debts. The government
ould get nothing from the transaction.
would bear the expense of coming the
lVer and the community would suffer
SIS by its use.
We have coined since 1878 more than
,ur hundred millions of silver dollars,
men are maintained by the government
nder for the payment of all debts public
~ private How are the silver dollars
in use different from those which
ould be IN use under free COINAGE? They
10 DE or the same weight and %flneness;
ey are to bear the same stamp of the
'vernment. Why would they not be
me same value. I answer: The silver
liars now In use were coined on account
the government n not for private ac-
or gain and the government has SOL
my y agreed to keep them as good as
the silver bullion at Its market
.lue and coined It into silver dollars.
wing exclusive control Of the mintage
only coins what 1t can hold at parity
IN gold, The profit representing the
the silver bullion and the face value of
9 silver dollar goes to the government
! inc benefit Of the people. The gov
nnent bought the silver bullion con-
Inen In the silver dollar at very much
Its creditors and put it in circulation
1ons the people at its face value of 100
nts. or a full dollar. It required the
1pie 70 accept 1t as q legal tender, and
morally bound to maintain It at a
: recognized standard with US, and the
'st enlightened nations Of the world.
g sovernment having issued and circu-
ca me silver dollar. 1t must in honor
n e tne holder from loss. This obliga-
there a moral obligation, but there is a
ID opligation, expressed in public stat
! 10 maintain the parity.
,nese dollars in the particulars / have
lpTd are not the same as the dollars
'Irh would be Issued under free coinage.
ey would be the same in form, but
trent In value. The government would
We no part in the transaction, except
vpHh the silver bullion into collars. 1t
ui9 snare in no part Of the profit. II
ui9 take upon itself no obligation. 1t
uiu not put the dollars into circula-
II. 1t could only get them as any citi-
l you'd get them, by giving something
mem. 1t would deliver them to those
% deposited the silver, and its connec-
u with Inc transaction there end. Such
the silver dollars which would be
neu under free coinage of silver at
atio OF l6 to l.. Who would then main
me parity? What would keep them
par with gold? There would be no
igation resting on the government to
H. and II there were 1t would be power
; to do 1t. The simple truth Is. We
ulo De driven 10 a silver basis. to sill
fnonometallism. These dollars. there
would stand upon their real value.
me free and unlimited coinage of silver
= rato If rs ounces OF silver to ! ounce
gold would, as some of its advocates
'ert, make So cents in silver worth 100
us and the silver dollar equal to the
q dollar, then we would have no cheap
none than now and 1t would be no
'ier to get
tut thai such would be the result is
INST reason and Is contradicted by eX-
renee In all times and In all lands.