Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1896-09-03
Al. WILLIAM M,KINLEY,s

MI letter accepting the Republican
AVA nomination for President Of the
United States is a. follows:
John M. Thurstou ard Others, Mem
Nbers of The Notification COMMITTEE of the
Republican National Cenvention-Gentle-
men: In pursuance of the promise made to
lyour committee WREN notified Of my NOM
President, ! beg TO submit this formal
acceptance of that high honor and to con-
slider in detail questions ut issue In the
pending campaign. Perhaps this might
be considered unnecessary in view of my
remarks on that occasion and those l
have made to delegations that nave Wis
lte6 me since the st. louis convention,
hut in view Of the momentous Importance
.ofthe proper settlement of the issues pre-
scented on our culture prosperity and stand
ing as a nation, and considering only the
welfare and huppiness Of our people, l
could not be content to omit again calling
Attention to the questions which in my
.opinlon vitality affect our strength and
position amung the governments Of the
world and cur morality. integrity and pat
iriotism as citizens Of that republic which
for a century past has been the best hope
,of the world and the inspiration of man
kind. We must mot now prove false to
nor unmindful of the noble example and
wise precepts Of the fathers or of tire
confidence and trust which our conduct
In the past has always inspired.
Free Coinage of Silver.
For the first time since 1868, If ever
before, there is presented to the Ameri-
can this year q clear and direct issue as
to our monetary system, of vast impor-
lance IN Its effects and upon the right set
Element of which rests largely the finan-
sal honor and prosperity of the country.
II Ia nr0Yn0GAI nv nn0 u,inn ~ thu 1hOu0n.
cratic party and it's allies, the peoples
and silver parties, to i%naugurate the free
and unlimited coinage of silver by indie
pendent. action on the part of the United
States alta ratio of sixteen ounces of sill
yer to one ounce of gold. The mere dec
financial and Industrial interests and has
already created universal alarm. 1t in
wolves great peril to the credit and bust
ness OF the cOuntry-a peril so grave that
conservative men everywhere are break
Ing away from their old party associations
and uniting with other patriotic citizens
In emphatic protest against the platform
OF the Democratic national convention as
IN assault upon the faith and honor of the
Government and the welfare of the peo-
pie. We have had few questions in the
lifetime Of the republic more serious than
the one which is thus presented.
The character of the money which shall
= ~ S4AANo AA0 u1A
settle our balances with one another, and
with the nations of the world, is of such
primary Importance, n SO far reaching
In Its consequences, as to call for the most
painstaking investigation. and in the end
. sober and unprejudiced judgment at the
: n deluded by false theories. Free silver
would not mean that silver dollars were
to be freely had without cost or labor. 1t
would mean the free use of the mints of
the United States for the few who are
owners Of silver bullion. but would make
= silver coin no freer to the many who are
engaged In other enterprises. 1t would
NOT make labor easier. the hours Of labor
shorter or the pay better. It would not
make farming less laborious or more pro-
fable. It would not start a factory or
make a demand for an additional days
labor. 1t would create no new occupa-
lions. 1t would add nothing to the COM
fort Of the masses, the capital of the peo-
ple of the wealth of the nation. 1t seeks
TO introduce q new measure of value, bus
would add no value to the thing measured.
1t would not conserve values. On the
contrary. 1t would derange all existing
values. It would not restore business con-
fdence, but its direct effect would be to
destroy the little which vet remains.
What It Means.
The meaning of the coinage plank adopt
quantity of silver bullion now worth So
cents to the miuts of the United States,
have it coined at the expense of the Gov
eminent, M receive for it a silver dollar
which shall be legal tender for the pay
ment Of all debts public and private. The
owner Of the silver bullion would get the
oliver dollar. 1t would belong to him and
to nobody else. Other people would get
i only by their labor, the products of their
land or something Of value. The bullion
owner on the basis Of present values
would receive the silver dollar for So
cents worth of silver, and other people
YOU'D be required to receive It az a full
government would get nothing from the
f~IaDsaction. It would bear the expense
OF coming the silver and the community
Would suffer loss by its use.
The Do1lars Compared.
W. neve coined since 1873 more than
l00yo0Q,OO0 Of silver dollars, which are
mainta3ned by the Government at parity
With osld, and are . full legal tender fof
the payment Of all debts, public and pri-
va3s. How are the silver dollars now In
pse different from those which would b.
s. 80 under free coinage2 They are to
10 Of TIE same weight and dneness; they
are ~ bar the same stamp Of the Gov
esn1nsnt. Why would they not be Of the
Aame vAlue7 ! anawer: The silver dollars
now m NE were Co40e0 on account OF
The Government and nat for private &C
count or gain, and the Government has
eoaemnly agreed to keep them good a.
the best dollars we have. The Govern
ment bought the silver bullion at it's mar
ket value and coined 1t INTO silver. Hav-
ing exclusive control of the mintage 1t
only coins what it can hold 1T 4 parity
with gold: The profit representing the
difference between the commercial value
Of the silver bullion and the face value of
the silver dollar goes to the Government
for the benefit of the people. The G "
eminent bought the silver bullion con-
tained In the silver dollar at very much
less than its coinage value. It paid 1t out
TO its creditors or put it in circulation
among the people at its face vAltse of 100
cents, or q full dollar. 1t required the peo-
pie to accept it as q legal tender, and is
thus morally bound to maintain It at a
parity with gold, which was then, az now,
the recognized standard with us, and the
most e~nlightened nations of the world.
The Government having issued and eircu-
lated the silver dollar. it must in honor
protect the holder from loss. This obi
CATION It has 20 far sacredly kept. Not
only ID there q moral obligation. but there
II : legal obligation, expressed in public
statute, to maintain the parity.