Arizona republican., 1896-08-28

dS0 Ol SllNtu at UuS IdUlO Ol lU uU l. }. "Who would then maintain the par tity? What would keep them at par with gold? There would be no obliga- tion resting on the government to do it, and if there were, it would be pow erless to do it. The simple truth is, ;al Library, ;sl6 to silver basis l"i .s- stallism. These dol 1ars, therefore, would stand upon their real value if free and unlimited coin age of silver at the ratio of sixteen ounces of silver to one ounce of gold would, as some of its advocates assert make 5 cents in silver worth 100 cents, and silver dollars equal to gold dollars.
 Then we would have no cheaper money than now, and it would be no easier to get, but that such would be the result is against reason and is con- tradicted by experience, in all times and in all lands. It means the debase- ment of our currency to the amount of the difference between the commercial and coin value of the silver dollar, which is ever changing, and the effect would be to property values to entail untold financial loss, destroy confi- dence, impair obligations of existing contracts, further impoverish the la borers and producers of the country create panic of unparalleled severity and inf1ict on trade and commerce a deadly blow.
 '7To any such policy am malterably opposed. Until international agree ment is had it is the plain duty of the United States to maintain the gold r6 ic hn sole standard of the great commercial nations of the world with which we trade more largely than any other. Eighty -four per cent of our foreign trade for the fiscal year of 1895 was with gold standard countries, and our trade with other countries was settled on gold basis.''
 Major Mckinley considers the decla- ration of the Democratic and Peoples Party for unlimited, irredeemable pa per money as the most serious menace to our financial standing and credit that could be conceived, and appeals to every patriotic citizen to promptly meet and defeat it.
 He condemns in the highest degree reprehensible 'tall efforts to array class oSdlHSC CldSS Iul0 CldSS6S dSdlnSC the masses, section against section, labor against capital, the poor against the rich, or interest against interest"
 He considers protection as an issue of supreme importance and observes that while ''the peril of free silver is a menace to be feared, we are already experiencing the effect of partial free trade" The one he would avert, the other correct.
 He recommends the immediate res toratIon by congress of the reciprocity sections of the tariff law of 1890, with such amendments, if any, as time and experience sanction as wise and prop CT. The underlying principle of this legislation, he declares, should be strictly observed. This, he explains | is to afford new markets for our sur | plus agricultural and manufactured products, without loss to the American laborer of a single days work, that he might otherwise procure.
 He discusses foreign immigration
 briefly, but forcibly, and comments legislation that will prevent the com. ing here of all vino make war on oul institutions or profit by public dis. quiet and turmoil.
 | He favors liberal pensions for the soldiers and sailors.