Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1896-09-03
MktNLEYS LETTER.

The letter OF acceptance ii William.
Mckinley Is au able and exhaustive
resume OF the Republican views. As well
As defense OF their position. His utter
ancc are entitled 10 all OF the force tina, \
man Of mis- character and experience can
give 70 them. Vet the statistics tina, are
available ~ even all who give the matters
but casual consideration Mil not hear
him ont IN many ii hj+ assertions
neither can conclusion he right which
has wrons premises.
Mr. Mckinley. in comparing the last
three wears with what he speaks OF ~
the good times from l>SQ 10 lS4o, says
Our men At home arc idle. and while
they are idle. men abroad are supplying
Us with goods" Ii this means anything,
il means that our balance vi trade with
the nations OF the earth has not been SO
during the good times from l>>0 to 1899
and he says this in tine face ri the fact
tina. during this period OF goo! times the
balance Of trade in our favor. tina. is the
excess Of exports over imports. averaged
SIG. >Q6.l2l per aunum, while during
the last thee years the balance in our
favor averaged slSS .S.o.355. which, &C.
coriius 10 his own argument. should
have given us better times instead Of
worse.
Again. in the matter oi the volume OF
money in the country he seeks 10 mis-
lead in stating the amount OF currency in
circulation by counting both silver and
silver certificates. gold and gold certlti.
Gates. and giving the amount OF money
in circulation At over two billion dollars,
when ~ a matter OF fact. which he we'll
knows. more than six hundred millions
OF this amour, was in the shape Of notes
an equal amount OF coin being tied up in
the treasury with which TO redeem them
and therefore not in circulation. This is
grave error. ii i, can be termed SO
mildly. as the fac; is i matter oi common
knowledge. n0 requiring any calculation
10 prove.
Again he says. I'VE never had greater
prosperity in this country in every field
OF employment: and industry than in the
busy years from 1880 TO lSe2. during all
OF which time this country was on gold
basis and had. too. \ protec-
tive tariff" By reference TO the figures
given above il will be seen tina. 50 iar as
the tariff proposition is concerned. the
balance OF trade was not SO largely in
our favor. and therefore the tariff is not
entitle,! 10 cre,!i. for tine good times. Is
i. no: 3 lac, tina. the good times were as
much the result oi an increase in the cur
rency corresponding with the growth OF
the country. and in spite oil the fact that
silver was only partially recognized
while during the last three wears it has
been totally ignored. and the consequence
this continued depression?
Ii Mr.. Mckinley, in order 10 make a
defense, must resort TO such palpable
errors Is these. may no. the whole fabric
OF his argument he percolated with the
same errors oi premises and fact? And
ii this be true OF this document, coming
from the hands OF one upon whom high
honor has fallen, and which he has taken
time and care in preparing, what may
not he the ialacies and errors contained
( in the average argument from the high
tariff, gold monometallistc side Of the
I controversy?