Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-09-03
M'KINLEY's LETTER.
Accepting the Republican Presi-
Dental Nomination.
a Plain Presentation Of the Principal Is
sues OF the Pending Campaign From
Republican Standpoint
Briefly Summarized.

Briefly Summarized.
CANTON, o, Aug. 2s.-Maj. McKin,
! Iey's letter of acceptance was given to
| the press Wednesday evening. Il is a
| plain presentation of the principal
| issues of the pending campaign from
| republican standpoint, of easy COM
/ prehension by ali readers. 1t is de-
voted principally to the discussion of
what he considers the three great
questions of the campaign, protection,
honest money and reciprocity. About
one-third of the letter is devoted to
consideration of the free silver Gues-
| ton. in the course OF which Maj. Nc
Kinley says:
The republican party has declared in favor
I OF an international agreement, and IL elected
president, it will be my duty to employ ali
| proper means to promote it The free coin
age OF silver in this country would defer,
if not defeat, international bimetHllism.
and until an International agreement can
be had. every interest requires Us to main
tain our present standard. Independent free
coinage Of silver at ratio of IS ounces Of sill
yer to / ounce OF gold would insure
the speedy contraction OF the volume
Of our currency. 1t would drive at
least 5yO.0OO,CO0 Of gold dollars, which we now
have. permanently from the trade OF the coun-
| try, and greatly decrease our per capita cir
cuiatiOn- It IS not proposed by the republican
party 10 take from the circulating medium
Of the country any Of the silver have.
On the contrary, IL is proposed TO keep
all Of the silver money now in cfrcula-
ton on a parity with gold by maintain
ing the pledge OF the government that ali Of it
shall be equal to gold. This has been
the unb-Oken policy Of the repub-
Hcan party since 1873. It has inaugurated
no new policy. II will keep IN circulation and
I
money which are now included in the currency
of the country. 1t will maintain their pari-
ty. Il will preserve their equality in the fu-
ture as it has always done IN the past. 1t will
not consent to put this country silver
basis, which would inevitably follow indie
pendent free coinage at a ratio OF 1G to J. It
will oppose the expulsion of gold from Our cir
culation.
IF there any one thing which should be
free from speculation and fuctuation it is the
money of a country. II ought never to be the
subject Of partisan contention. When
we part with our labor, our products or our
property, We should receive in return money
which is as stable and unchanging in value ~
the ingenuity Of honest men can make il. De-
basement Of the currency means destruction
of values. No Suffers 50 much from cheap
money S the farmers and labOrerS. They are
the first feel its bad effects and the last to
cover from them. This has been tho
uniform experience OF oil countries, ard
here. as elsewhere, the poor, and not the
rich, are the greater sufferers from
every attempt to debase our money. /; would
fall with alarming severity upon investments
already made. upon insurance companies ana
their policy holders. upon savings banks and
their depOSitOTS, upon building and l0an as
sociations and their members. upon the say
inGs of THRIFT, upon pensioners and their fan
lilies. and upon wage earners and the purchas-
ing power q their wages
Discussing the tariff, the letter, after
81.
1T is not an increase in the volume of money
which is the need of the time, but increase
in the volume of business. Not an increase OF
coin but an increase OF confidence. Not more
coinage, but more active use OF the money
coined. Not open mints for the unlimited
coinage of the silver of the world but open
mills for the full and unrestricted labor Of
American workingmen The employment Of
our minis for the coinage OF the silver OF the
world would net bring necessarieS and comforts
of life back TO our people This will only come
with the employment OF the masses. and such
employment is certain to follow the re-eStab-
lishment OF wise protective policy which
shall encourage manufacturing at home. Pro-
lection has lost none of it's virtue and i'm
portance. The first duty OF the republic
can party, IL restored to power in
the country, will be the enactment of
o tariff law which will raise all the money
necessary to conduct the government, ecOnom-
ically and honestly adm Mustered and so ad-
turerS and adequate protection to home labor
and the home market. We are not committed
to any special schedules or rates Of duty. They
are and should be always subject 10 change
to meet new conditions but the principle upon
which rates of duty are imposed
mains the same. Our duties should
always be high enough to measure the differ
ence between the wages paid labor at home
and in competing countries, and to adequately
protect American investments and American
enterprises.
Our farmers have been hurt by the changes
in our tariff legislation severely our Ia
borers and manufacturers. badly as they
have suffered. The republican plat
form wisely declares in favor of such en-
enlargement to our sugar interests las will
lead to the production on American soil of al
the sugar which the American people use" Il
promises to our wool and wooden interests
1.-The most ample protection" guaranty trat
ought to commend itself to every patriotic cit
iZen. Never was more grievous wrong done
the farmers of our country than that so UNI
justly inflicted during the past three years
upon the wool growers OF America. Although
among our most industrious and useful citi-
Gems, their interests have been prac-
tcally destroyed and our wooden manufacture
ers involved in similar disaster. 1T time
within the past 60 years, and perhaps
never during any previous period, have so
many Of wooden factories been suspended
as now. The republican party can be relied
upon to correct these great wrongs il again in
trusted with the control Of congress"
The letter gives statistics to show the
working of the reciprocity clause of the
tariff law of 1890 and the results of it's
abrogation, and says:
The reciprocity treaty between this country
and Spain, touching the markets Of Cuba and
Puerto Rico, was announced September l, 1891.
The growth of our trade with Cuba was phe-
nomenaL In 1891 sold that country but
1144I barrels of -four; in 1892, 500 l75; in 1898,
6is 400: and IN 1894. 66! ,2fS Here was growth
of nearly $50 per cent. while our expectations
of -four to Cuba for the year ending June 30,
IS95--the year following the repeal OF the re-
ciprocity t=eaty-feu to 379.S56 barrels a loss
OF nearly half our trade with that country.
The value Of our total exports OF merchandise
from the United States TO Cuba in 1s91-the year
prior to the negotiation of the reciprocity
treaty ST.. 224sSs: in 1892. 217 953, 579; in
1893 s24 1877 69s in 1894 s20125, 81 but in 1895.
after the annuIment OF the reciprocity agree |
ment it fell to only sl2.ss7 col Many similar
amples might be given of our increased trade |
under reciprocity with other countries. bus |
enough has been shown of the efficacy Of the !
legislation OF 1890 TO justify the speedy restor-
alton Of its reciprocity provisions"
Other portions of the letter advocate /
the restraining of foreign immigration;
declares that the soldiers and sailors
of the Union should neither be neglect !
ed nor forgotten; favors the upbuild- |
80 IL. A 6