Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1896-07-10
MIR. Hobart Notified.

Nearly every house in Patterson, y. j.,
was decorated Tuesday in honor OF the
visit of the committee which brought Hon.
Garret a. Hobart the formal notification
of his nomination for the vice presidency on
the Republican ticket. Charles W. Fair
banks of Indiana spoke on behalf of the
committee. Mr.. Hobart first expressed
his appreciation of the great honor con-
ferred upon him. Continuing he said ~
APP preciate il the more because ii associates
me III a contest which involves the very
gravest issues with one who represents in
his private character and public career the
highest intelligence and best spirit of his
party, and with whom my personal rela-
tiOns are such as to afford guarantee of
perfect accord in the work of the campaign
which lies before me. Ii is sufficient for
me TO say at this time that, concurring
without reserve in all the declarations OF
principle and policy embodied in the ST.
Louis platform, | accept the nomination
rendered me, with full appreciation of its
responsibilities"
Mr.. Hobart spoke on the financial and
tariff issues, his statements on the former
being as follows:
Uncertainty or instability as TO the
sequence to every interest and to every
citizen of the country.
The gravity of this question cannot be
overestimated. There can be no financial
security, no business stability, no real
prosperity, where the policy of the govern
ment as to that question is at all a matter
Of doubt.
Gold is the one standard of value among
all enlightened commercial nations.
AL financial attractions of whatever
character, all business enterprise, all indi-
vidual or corporate, investments are adjust
ed TO it. An honest dollar, worth 100
cents everywhere, cannot be coined out of
SO cents worth of silver plus legislative
fat
Such a debasement of our currency
would inevitably produce incaleulable loss,
appalling disaster and national dishOnoT
1t is fundamental principle in coinage,
recognized and followed by all the states
men of America in the past and never yet
safely departed from, that there can be
only one basis upon which gold and silver
may be concurrently coined as money, and
that basis is equality, not in weight, but in
the commercial value of the metal con-
tanned in the respective coins. This com
mercial value is fixed by the markets of
of our country are necessarily connected
by innumerable business ties, which can
not be severed or ignored. Great and self
reliant as our country is, it is great not
alone within its own borders and upon its
own resources, but because it also reaches
out to the ends of the earth in all the mani
fold departments of business, exchange and
commerce, and must maintain with honor
its standing and credit among the nations
of the earth.
The question admits of no compromise.
1t is a vital principle at stake, but it is in
no sense partisan or sectional. 1t concerns
all the people. Ours, as one of the fore
most nations, must have a monetary stand
ard equal to the best.
1t is of vital consequence that this ques-
tion should be settled now in such a way
as TO restore public confidence, here and
everywhere, in the integrity of our purpose.
A doubt of that integrity among the other
great commercial countries of the world
will not only cost us millions of money,
but that which, as patriots, we should
treasure still more highly-our industrial
and commercial supremacy.