The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-09-10
HOBART ALSO ACCEPTS.
His Letter is About the Same Length
as That of Mckinley.

as That of Mckinley.
Patterson, n. j., Sept. Garrett A.
Hobart's letter accepting the nomina-
ton for Vice-President of the United
States, was made public to-day. 1t
contains some 1000 words. 1t is devot-
ed principally to the financial question.
Among other things, he says:
The money standard of great ma
ton should be as fixed and as perma-
nent as the nation itself. To secure
and retain the best should be the de-
sire of every right-minded citizen.
Resting on stable foundations, contin-
uous and unvarying certainty of value
should be its Distinguishing character
istic. The experience of all history
confirms the TRUTH that every coin,
made under any law, howsoever that
coin may be stamped, will finally COM
mand 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 pre-
cisely that sum WIFI some one be de
frauded.
The necessity of a certain and fixed
money value between nations as we'll
as individuals. has grown out of the
Interchange of commodities, the trade
and 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 sill
yer especially, has value of great i'm
portance as subsidiary coinage. In view
of a sedulous effort by the advocates
of free coinage to create contrary i'm
preston, it cannot be too strongly
emphasized that the Republican 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.
No room should be left for miscon-
ception as to the meaning of the Ian
guage in the bonds of the government
not vet matured. 1t should not be
possible for any party or individual
to raise a question as to the purpose
of the country to pay all it's obliga-
tions in the best form of money rec
ognized by the commercial world. Any
nation which is worthy of credit or
confidence can afford to say explicitly,
on a question so vital to every inter
est, what it means when such mean
ing is challenged or doubted. 1t is
desirable that we should make it
known at once and authoritatiyely
that an honest dollar" means any
dollar equivalent to a gold dollar OF
the present standard of weight and
fineness. The world should likewise
be assured that the standard dollar of
America is as infiexible a quantity as
the French Napoleon, the British
sovereign, or the German twenty
mark piece.
The free coinage of silver at the ratio
of sixteen to one, is 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. 1t
is purposed to make the coinage I'M
limited, at an absolutely fictitious ra-
tito. fixed with no reference to in
trinsic value or pledge of ultimate re-
damDtion.
Our party holds that by wise adj
iustment of the tariff, conceived in
moderation and with a view to stabil-
ity, we may secure all needed revenue,
and it declares that in the event of
it's restoration to power, it will seek
to accomplish that result.