Arizona republican., 1896-08-28
Mckinley Covers the En-
 tire Field.
Tierritorial Library. .i6
And Even Sweeps Around the
 Corners.
Deals Out Death and Destruction to 53-Cenr DoIIars-Insists Upon
 Present Gold Standard.

NA4N1ONN, Aug. Gi.-IWdJOl MSIAih- ley's letter of acceptance of the nomi- nation for president of the Republican party is as follows!
 Hon. John M. Thurston and Other
 Members of the Notification Com
 mittee of the Republican National
 Convention!
 Gentlemen: In pursuance of the promise made to your committee when notified of my nomination as the Re publican candidate for president, beg to submit this formal acceptance of that high (honor and ito consider in de- tail the questions at issue in the pend ing campaign.
 For the first time since 1868, if ever before, there is presented ito the Ameri- can people this year a clear and direct issue as to our monetary system, of vast importance in its effects and upon the night settlement of which rests largely the financial honor and pros perity of our country. It is proposed by one wing of the Democratic party and its allies, the Peoples Party and silver parties, to inaugurate the free and unlimited coinage of silver by in dependent action on the part of the United tates at the ratio of sixteen ounces of silver to one ounce of gold
 ''The mere declaration of this pur- pose is a menace to our financial and industrial interests, and has already created universal alarm. It involves great peril to the credit and business of the country, a peril so grave that conservative men everywhere are breaking away from their old party associations and uniting with other pa triotic citizens in emphatic protest against the platform of the Democratic National convention as an assault up- on the faith and honor of the govern ment and the welfare of the people. We have had few questions in the lifetime of the republic more serious than the one which is thus presented.
 Free silver would not mean that silver dollars were to be freely had without the cost of labor. It would mean the free use of the hints of the United States for few who are en- gagged in other enterprises It would not make labor easier, nor hours of labor shorter, or pay better. The meaning of the coinage plank adopted at Chicago is that any one may take a quantity of silver bullion now worth 53 cents to the mints of the United States, have it coined at the expense Of the government, and receive for it @ silver dollar which shall be legal tender for payment of all debts public and private. The owner of the bullion cl1 o1 to him and nobody else. Other people would get it only by their labor, the products of their labor and something of value. The bullion owner on the basis of present values would receive a dollar for 53 cents worth of silver and other people would be required tc receive it as full dollar in payment of debts.
 ''Tlhe silver dollars now in use were coined On account of the government and not for private account or gain and the government has solemnly agreed to keep them as good as the best dollars we have. The govern ment bought silver at its market value and coined it, having the exclusive control of the mint and it only coins what it can hold at a parity with gold The profit representing the difference between the commercial value of silvel bullion and the face value of a silvel dollar goes to the government for tn, benefit of the people. The government bought the silver bullion contained il the silver dollar at very much less thai it's coinage value. It paid it out to it, creditors and put it in circulation among the people at its face value o 100 cents, or a full dollar. It reuuiret people to accept it as legal tender an, is thus morally bound to maintain at a parity with gold, which was the1 as now the recognized standard witt us and the most enlightened nations Q the world
 1.-The government having issued an. circulated the silver dollar, it must il honor protect the holder from loss This obligation it has so far sacredl kept. Not only is there a moral obi gation, but there is a legal obligatio expressed in public statute to maintai the parity.
 These dollars are not the same a dollars which would be issued unde free coinage. They would be the sam in form, but different in value. Tn government would have DO part in tn transaction except to coin silver bu
 lion into dollars 1t would share i no part of the profit. It would talk upon itself no obligations. It woul not put dollars into circulation. could only get them as any citize would get them, by giving somethin
 e those who deposited silver, and ii connection with the transaction woul there end Such are the silver dollar