The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-09-04
M'kINLEY'S LETTER.
Accepting the Republican Presi-
Dental Nomination.
n Plain Presentation OF the Principal L.
sues of the Pending Campaign Prom
Repubiican standpoint
Briefly summarized.


plain presentation of the principal
issues Of the pending campaign from a
republican standpoint. OF easy com
prehension by all readers. IL j. de-
voted principally 20 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 a
consideration Of the free silver ques-
ton, la the course of which Mai. Me-
kinley says;
"1he republican party has declared in favor
of an International agreement. and II elected
president, 10 win be my duty 10 employ all
proper means To promote H. The free coin
age OF silver ia this country would defer
II not Gcicat international bimetallsm.
aud until an International agreement can
be had, every interest requires us 10 main
tain our present standard. Independent free
coinage of silver at ratio OF rs ounces OF Sill
Yer 10 ounce OF gold would insure
the speedy contraction OF the volume
sDf our currency IL would drive az
least OooO,tOo OF gold dollars, which we now
have permanently from the trade OF the coun-
Try. aud greatly decrease our per capita cir
.ru.ation. II Is not proposed by the republican
party TO take from the circulating medium
of the country any OF the silver we now have.
On the contrary, 1t Is proposed to keep
all OF the silver money now In circula-
tion on q parity with gold by maintain
ing the pledge OF the government that all OF it
shall be equal TO gold. This has been
tho unhroken policy Of the rcpub-
iican party since ISIS 1t has inaugurated
no new policy. 1t vii. keep In circulation and
good gold ali OF the silver and paper
money which are now included in the currency
81 the country. IL viii maintain their pari-
az. II will preserve their equality IN the ~
nj ftt
not consent 10 put this country on a silver
basis. which would inevitably follow indie
PENDENT free coinage nj ratio OF 10 to 1. II
will oppose the expulsion OF gold from cur cir
cuiation
III there IS any one thing which should be
free from speculation aud nuctuation 1t is the
nnoney Of a country. 1t ought never to be the
subject 81 mere partisan contention. when
we part with our labor, our products or our
property. should receive in return money
which Is as stable and unchangng In value as
THE ingenuity ~ honest men can make H. de-
basement ~ the currency means destiuct on
OF values. No one suffers SO much from cheap
money as the farmers and laborer>. They are
the First 90 feel It's bad effects and the last 10
cover from them This has been the
uniform experience OF all countries. and
here. as elseNherc. the poor. and not the
rich, are the greater sufferers from
every attempt To denase our money II would
r. ei'h alarming severity upon investments
ARE ~ made upon insurance companies and
the. Obey holders. upon savings banks and
their ep0sitors. upon building and loan as
suciation> anl their members. upon the saw |
fngs OF thrift, upon pensioners aud their FAM
flcs. ana upon wage carners and the purchase
Ing power 81 heir wages.
Discussing the tariff. the letter, after
a general review of the question, says: |
1T Is not an increase In the volume Of money |
which l. the need Of the time, but an Increase !
In the volume Of business Not an increase OF |
coin.but an increase Of confidence Not more !
coinage. but q more active use Of the money !
coined. Not open minis for the unlimited !
coinage Of the silver OF the world, but open |
mills for the fun and unrestricted labor OF
American workingmen. The employment OF !
our Eints for the coinage ~ the silver of the |
world would not bring necessaries and comforts
Of life back TO our people. This viii only come |
with the employment Of the masses. and SUI h /
employm cnt Is certain TO follow the re-cstab- |
lishmcnt OF wise protective policy which /
shall encourage manufacturing az home Pro-
lection has lost none OF its virtue anc I'm !
portauce. The hrst duty OF the relusli- |
can party, IL restored to power Ia /
the country. will be the enactment OF |
"A tar.n law which will raise all the money 4
necessary to conduct the government, econom- /
acally and honestly adm Mustered, and SO adj I
1usted a. to give preference To home manufac-
fnrers and adequate protection 10 home labor |
-ADu llt nome fnlIktt4 w q are not committed |
40 any special schedules or ratcs ~ duty. They 4
are and should be always subject TO change /
- meet new conditions. but the principle upon |
1Skich rates OF duty imposed re-
mains the same Our duties should |
always be high enough 10 measure the differ
ence between the wages paid labor AZ nome
and IN competing countries, ami TO adequately /
protect American investments and American
enterprises.
"Dur farmers have been hurt by the changes |
IN our tariff Legislation as severely as our la
borers and manufacturers badly as they
have suffered. The republican plat
form wisely declares IN favor 81 such en-
rouragement 70 our sugar interests "as will
lead to the production on American soil 81 an |
the sugar which the American people use IL \
promises 20 our wool and wooden interests
-.the most ample protection" guaranty that
ought 70 commend itself 10 every patriotic cit
izen Never was a more grievous wrong done
the farmers Of our country than that 50 I'M
Justly inflicted during the past three years
upon the wool growers OF America. Although /
among our most Industrious and useful citi- !
xens. their interests have been prac-
tically destroyed and our wooden manufacture /
ers involved ia similar disaster. no time |
within the past 30 years and perhaps !
never during any previous period. have so I
many Of our wooden factories been suspended |
as now. The republican party can be relied /
upon TO correct these great wrongs II 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 its
abrogation, and says:
yhe reciprocity treaty between this country
and Spain. touching the markets OF Cuba and
Puerto Rico, was announced September !, 1891
The growth Of our trade with Cuba phe-
nomenal In 1891 we sold that country but
II4,4li barrels 81 -four. in isge 3e6, l75 in iss3
eif,aod. and IN 1891 GO ,2is Here was growth
of nearly so per cent, while our expectations
OF Hour to Cuba for the year ending June 30
IH5--ihe year following the repeal Of the re-
riprocity trcaty-fell TO 31g,E6 barrels "A loss
an nearly half our trade with that country
The value Of our total exports OF me rchandise
from the United states 20 Cuba ia 1921 the year
prior TO the negotiation OF the reciprocity
treaty was sl2 22l,sss IN 1902, Sisg53,57g. In
IHa ;2f.l57 COS. In ls9i sa0.i2S,22l; but in 1895.
after the annulmcnt OF the reciprocity agree
ment. IL ten 20 only sl2s-7 COL. Many similar ex-
amples might be given 81 our increased trade
~ndcr reciprocity with other countries. but
enough has been shown OF the efficacy OF the
legislation OF 1850 TO Justify the speedy rcstor-
alton ~ It's reciprocity provisions"
Other portions of the letter advocate
the restraining Of foreign immigration;
Il. -. a. Al n