River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1896-09-17
HOBARISS REPLY.
Republican Candidate for Vice
President Formally Accepts.
Extracts from His Letter-Gives His
Views at Length on the Money Cues
tion and other issues of the
Campaign

patterson, n. j., sept. 1O.-F GLOWING
are extracts from the letter of Hon.
Carrot A. Hobart accepting tie repub-
Lean nomination for vice president:
Paterson, n. J.. Sept 2. ISs6.-Hon Charles
w. Fair banks ard others Of the Notifica-
ton Committee o. the Republican National
Convention: Gentlemen; / have already.
in accepting the nomination for the office
OF the vice presidency rendered me by the
national republican, convention, expressed
my approval OF the platform adopted by
that body as the party basis Of doctrine.
now to supplement that brief statement
OF my Views, by some additional refiec-
tons upon the questions which are In de-
bate before the American people.
The money standard or a great nation
should be as fixed and permanent as the
nation Itself. To secure and retain the
best should be the desire OF every right
minded citizen. Resting on stable founda-
tons. continuous and unvarying certainty
Of value should be it's distinguishing char
&C teristic. The experience of all history
confirms the truth that every coin, made
under any law, howsoever that coin may be
kets OF the world the exact value OF the
materials which compose It. The dollar of
should be OF fun value Of 100 cents, and by
SO much as any dollar Is worth less than
this in the market by precisely that sum
The free coinage of silver at the ratio of
sixteen 70 one, is policy which no nation
has ever before proposed, and y is not to-
day perm ted In any mint in the world
not even Mexico. 1t is proposed TO make
the coinage unlimited, at an absolutely flc-
ttious ratio. fixed with no reference 10 in
trinsic value O. pledge of ultimate redemp-
ton. With silver at its present price OF less
than 20 cents per ounce in the market,
such a policy means an immediate profit
TO the seller of silver for which there is
no return now or hereafter to the people
or the government. IL means that for
each dollars worth of silver bullion deliv-
cred at the mint, practically two dollars
of stamped coin win be given In exchange.
or xTn ffh Of r. " al
dollars Will be delivered.
Any attempt on the part OF the govern
ment to create " its nat. money 81 teti-
OF other peoples, and bring infinite re-
preach upon the national character. The
business and financial consequences OF
such an immoral act would be world wide,
because our commercial relations are
world wide. All our settlements with other
lands must be made, not with the monsy
which may be legally current in our own
country. but in gold. the standard of all
cordial and extensive. and no legislative
enaCtmen can free us from that inevitable
necessity ,ee y II E AZ TsGs rnat - mere ore
world is settled in geld or on gold basis.
Such free coinage legislation. II ever con-
summaries would diseriniInate against -.
rye-who should In justice be equally en-
titled, with the silver owner. to sell his
products TO the United States treasury.
at a profit fixed by the government-and
against all producers OF iron, steel, zinc or
copper, VINO might properly claim 10 nave
their metals made into current coin. "
would, as well, be fraud upon all persons
forced to accept currency thus stnu-
lated and at the same time degceded.
The proposition for free and unlimited
silver coinage, carried to 20 logical con-
elusion; and but one Is R9sssiiD:e. means.
for the population of all existing indebt-
edness, public and private, 10 the extent
each 81 demands dsee an OF un
limited volume OF fiat currency, trredeem-
able. and therefore without any. standard
value in the markets of the world. Every
consideration of public interest and public
honor demands that this proposition should
be rejected by the American people.
kor Is this sil. MOI content with propo-
siuCn 10 TINS debauch the currency and to
unseItle all conditions Cr trade and COM
1orm oeu1es che competency of the govern
ment to protect The lives and property OK
/ 3 citizens against Internal disorder and
violence. II assails the judicial muniments
reared by the constitution for the defense
OF Individual rights and the public welfare.
tegrity and independence OF the supreme
court, which has been considered the last
refuge OF the citizen against every form
OF outrage and injustice. In the face of the
serious peril Which these propositions en-
body, IL would seem that there could be but
one sentiment among rtght-thinking citi-
zens, as TO the duty of the hour. All men,
Ot " lateNer party, VINO believe in law, and
have Some regard Tor the sacredness OF in
diviLaal and Institutional rights, must
unite Ia defense or the endangered interests
of the nation.
While the financial issue which has been
thus considered, ana which has come, as
the result OF the agitation of recent years,
- occupy peculiar conspicuousneSs, is
admittedly OF primary Importance, there
as another question which must command
careful and serious attention. Our finan-
Siat hho business con l is al TINS mo-
ment one or almost unprecedented de-
preston. Our great industrial system Is
seriously paraiyzed. Production in many
important branches of manufacture has
altogether ceased. Capital is without re-
muneTattve employment. Labor as idle.
The revenues OF the government are in
sufiieienS 10 meet its ordinary and neces-
sary expenses. These conditions are not
the result ~ accident. They are the out
come OF a mistaken economic policy de-
Nberately enacted. and woulG not involve
any violent disturbance of our existing
commercial system, to enact necessary
tariff notifications along the lines OF ex-
perience.
our party holds that by a wise ADJUST
ment of the tariff, conceived in modera-
zion and with a view 10 stability, we may
secure all neeued revenue, and IL declares
that in the event of its restoration to
power, IL viii seek to accomplish that re-
suit. 1t holds, TOO, that Ii is the duty of
the government to protect and encourage
in all practicable ways the eFelopment of
domestic Industries. the elevation of home
labor, and the enlargement OF me pros
perity Of the people. y does not favor any
form OF legislation which would lodge in
the government the power to do what the
people ought 10 do for themselves, but 1t
terlal res urces. and the utilization, under
the best attainable conditions, of our own
capital and our own available skill and in
duStry.
The platform of the republican national
convention states the party position con-
corning other questions than those herein
referred to. These, while at the present
time of subordinate Importance, should not
be overlooked The republican party has
always been the defender OF the rights of
American citizenship, as against all ag
gressions whatever, whether at home or
abroad. 1t has. to the extent OF it's power.
defended those rights. and hedged them
about with law. Regarding the ballot as
the expression and embodiment of the SOW
ereignty of the individual citizen, IL has
sought to preserve its purity and integrity.
In our foreign relations II has labored 10
secure to every man entitled to the shelter
of our flag the fullest exercise of his rights
consistent with interna tional obligation. If
It should be restored TO rulership, 1t would
infuse needed vigor into our relations with
powers which have manifested contempt
and disregard, not only of American citi-
zenship, but of humanity itself
] am, gentlemen of the committee, very
truly yours. GARRETT A. HOBART.
st. LOUIS Breaks Her Record.
Noxv Norlr Gent 1O-Tha n,arioan