The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1896-09-16
HOBARl'S REPLY.
Republican Candidate for Vice
President Formally Accepts
Extracts from His Letter-Gives His
Views ut Length on the Money Cues
tion and other Issues of the
Campaign.

xosciSo1s ~. ~ ocPt. ut oAAoN1AS
are extracts from the letter of Hon.
Carrot A. Hobart accepting the repub-
Gcan nomination for vice president:
Paterson. N. J.. Sept 9. 1sss.-Hon. Charles
w. Fairbanks and others Of the Notinca,
Convention: Gentlemen: 1 have already.
In accepting the domination for the ONCE
OF the vice presidency rendered me oy the
my approval of the platform adopted by
that body as the party basis OF doctrine
In accordance with aSeepted .I usage ste 4 peg
OF my views. by some aooltonaI renee
tons upon the questions which are In de-
bate before the American people.
The money standard OF great nation
should be as fixed and permanent as the
nation itself. To secure and retain the
minded citizen. Resting on stable founda-
tons. continuous and unvarying certainty
of value should be its distinguishing char
Acteristic. The experience OF all history
confirms the truth that every coin. made
under any law, howsoever that coin may be
stamped. wiz hI,aHy command u the 81 MAJ "a.
materials which compose It The dollar OF
our country. whether Of gold or silver,
so much as any dollar is worth less than
this in the market, by precisely that sum
will some one be defrauded.
sixteen to one, Is a policy which no nation
has ever before proposed, ana II Is not 20
day permitted in any mint In the WorlQ-
the coinage unlimited, at an absolutely nc
titious ratio, fixed with no reference TO IN
trinsic value or pledge of ultimate reoemp-
ton With silver at its present price Of less
than 20 cents per ounce in the market,
such a policy means an immediate profit
no return now or hereafter to the people
or the government II means that for
ca oh dollars worth Of silver bullion deliv-
cred at the mint. practically two oollars
of stamped coin viii be given in exchange
For 500 worth of bullion nearly 200 silver
dollars will be delivered.
Any attempt on the part of the govern
ment to create by its fat. money of fcti-
tious value, would dishonor Us in the eyes
of other peoples. and bring infinite re-
business and financial consequences OF
such an immoral act would be world wide,
because our eonmeTela1 Teia Wi9h otS are
lands must be made. not with the money
which may be legally current in our own
nations with which our relations are most
cordial and extensive, and no legislative
enactment can free US from that lnevltable
than so per cent of the commerce of the
world is settled in gold or on gold basis
Such Tree coinage legislation, II ever con-
every producer of wheat. cotton, corn Or
ryewho should in justice be equally en-
titled, with the silver owner. to sen bis
products to the United States treasury,
at a profit fixed by the government-and
against all producers of iron, steel. zinc or
copper, who might properly claim to have
their metals made into current coin. 1t
would. as well, be fraud upon all persons
forced 10 accept a currency thus st1mu-
lated and at the same time DEGRADED:
The proposition for free and unlimited
silver coinage, carried to its logical con-
clusion. and but one Is possible. means,
for the reputation Of ali existing indebt-
edness, public and private, TO the extent
OF nearly 50 Per cent; OF the face OF al
limited volume Of fat currency, irredeem-
able, and therefore without any standard
consideration of public interest and public
honor demands that this proposition should
be rejected by the American people
Nor is this all MOI content with a propo-
sition to thus oebauch the currency and to
unsettle all conditions of trade and COM
merce, the party responsible Tor this plat
meut to protect the lives and property Of
its citizens against internal disorder and
violence. 1t assallS the Judicial munlmensS
reared by the constitution Tor the defense
OF Individual rights and the public welfare,
and il even threatens TO destroy the in
tegri1y and inoesendence OF the supreme
court, which has been considered the last
refuge OF the citizen against every form
Of outrage and injustice. In the face of the
serious peril which these propositions en-
body, II would seem that there could be but
one sentiment among r1ght-thinklng citl-
-zens, as to the duty Of the hour Ali men,
OF whatever party, who believe IN law, and
have some regard for the sacredness of in
dividual and institutional, rights, must
unite in defense OF the endangered interests
OF the nation.
While the financial issue which has been
thus considered, and which has come, as
the result OF the agitation Of recent years,
to occupy peculiar conspicuousneSs, is
admittedly of primary importance, there
another question which must command
careful and serious attention. Our hnan-
cial and business condition is at this mo-
ment one OF almost unprecedented de-
preston Our great industrial system is
-1x r1x-z..
important branches of manufacture has
altogether ceased. Capital is without re-
munerative employment Labor is idle.
The revenues OF The government are in
sumclent TO meet its ordinary and neces-
sary expenses. These conditions are not
the result Of accident. They are the out
lberately enacted, and would not involve
any violent disturbance of our existing
commercial system, to enact necessary
tariff notifications along the lines Of ex-
per1ence.
our party holds that by a wise adjust
ton and with a view to stability. we may
secure all needed revenue, and ii declares
that in the event Of its restoration 10
power, 1t viii seek to accomplish that re-
suit It holds, too. that II is the duty of
the government TO protect and encourage
domestic Industries, the elevation of home
labor, and the enlargement of the pros
perity of the people. It does not favor any
the government the power TO do what the
people ought to do for themselves, but it
believes that II is both wise and patriotic
to discriminate in favor Of our own ma
terial resources, and the utilization. under
the best attainable conditions, Of our own
capital and our own available skill and in
dustry.
The platform Of the republican national
states the party position con-
corning other questions than those herein
referred to. These, while At the present
time of subordinate importance. should not
be overlooked The republican party has
always been the defender of the rights OF
American citizenship, as against all ag-
Rressions whatever, whether at home or
abroad. 1t has. to the extent of its power.
those rights. and hedged them
about with law. Regarding the ballot as
TIE expression and embodiment of the SOW
erSignfy of the individual citizen, 1t has