Evening star., 1896-10-20
REPUBLICAN MONEY PLANks.

Major Mckinley Declares the Party
Has Made No New Departure.
Major Mckinley. the republican presiden-
tai candidate, said in address to a dele
cation of visitors yesterday afternoon at
Canton Ohio:
Some people seem to have the notion
that the republican party has made a new
departure. that it occupies a different DO
sition today from that which it ever occu-
pied in the past. That is a mistake We
stand where we have always stood, not
only upon the money question, but on the
tariff question. and want to call your at
tention to what may have escaped you
When the war closed the great problem
before the American people after the re-
construction of the Union was what should
be done with the great debt that had been
occaSloned by the war, and what should
be done by way of maintaining a sound
currency in the United States? In 1863 the
great soldier of the war who had led the
mishtiest armies that were ever engaged
III sustaining cause. Gen. Ulysses g.
Grant was nominated for President
Let me read you two planks of the plat
form upon which he stood. and you can see
then whether the republican Darfv has
changed its position:
We denounce all forms of reputation
as national crime, and the national honor
requires the payment of the public debt in
the utmost good faith to all creditors at
home and abroad. not only according to
the letter. but the spirit of the law under
which it was contracted
That was when We had that enormous
war debt of ever two billions of dollars
and the country seemed to be staggering
under 1t. but the republican party stood up
as ii always has, and insisted that every
dollar of that debt must be paid in the best
currency of the world, and under that
policy We had paid off more than two
thirds of that great national debt and paid
every dollar Of it with honor and in the
best currency Then let me read you an
other plank in that platform, which so well
applies to cur situation today:
That the best policy to diminish our
burdens of debt is to so improve our credit
that the capitalist will seek to loan us
money at lower rates of interest than VIC
new pay and must continue to pay so long
as reputation, partial or total open or
covert. is threa tened or Suspected
This is the republican way to restore
confidence, and the way to get capital to
invest at lower rates of interest Is to give
confidence to the business of the country
Eot by repudiating the debts of the coun-
try. and by discrediting it's currency, but
lifting up both credit and currency and
thus commanding the confidence of the
business world.
tional convention that nominated Horatfo
Seymour for President had this utterance
on the money question, which was sound
then and Is today. and / commend 1T to all
of you:
:" one currency for the government and
the people. the laborer, the office-holder.
the pensioner and the soldier the producer
and the bondholder.'
That's the kind of money we have to-
day. my fellow citizens, just as good in the
hands of the Door as in the hands of the
rich. and We propose to pay the obligations
OF this government in the future just as
We nave paid the obligations of the govern
ment in the past-in the besr money of the
world