The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-09-12
The M'KINLEY LETTER
Strong Stand on Sound Money,
Protection and Reel
procity.
FORMAL NOTE OF ACCEPTANCE,
Mills Should be Opened TO Labor
Free Coinage Would Set No
Wheels Tuning.

Mai. Mckinley. Republican nominee foI
president and made public tonight:
The Hon. John NJ. Thurston and Others,
Members Of the Notification Committee OF
the Republican National Convention-Gen-
tlemen: In pursuance Of a promise made
TO your committee when notified Of my
nomination as the Republican candidate Tor
president. / beg TO submit this formal ac-
ceptance Of that high honor. and 10 con-
slider in detail questions at issue in the
pending campaign. Perhaps this might be
considered unnecessary in view OF my re-
marks on that occasion, aud those i have
made to delegations that have visited me
since the ST. Louis convention. but in view
Of the momentous importance OF the proper
settlement of the issues presented on our
future prosperity. and standing as a nation.
and considering only the welfare and hap
piness OF our people. would not be content
20 omit again calling attention 10 the ques-
tons which in my opinion vitality affect
our strength and position among the gov
ernments Of the world and our morality
integrity and patriotism as citizens Of that
republic which for century past has been
the best hope OF the world and the inspira-
ton OF mankind. We must not now prove
false to our own high standards in gov
eminent, nor unmindful OF the noble ex-
ample and wise precepts Of the fathers
or Of the confidence and trust which our
conduct in the past has always inspired.
The Danger OF Free Coinage.
IF never before there lie presented 10 the
Americans this year a clear and direct Is
Importance in its efec: and upon the
right settlement Of which rest largely the
financial honor and prosperity Of the
country, II is proposed by one wing OF the
Democratic party and its allies. the Peo-
Pies and Silver parties 10 inaugurate the
free and unlimited coinage OF silver by in
dependent action on the part Of the United
States at a ratio OF l6 ounces Of silver to
! ounce Of gold. The mere declaration OF
this purpose Is a menace 10 our financial
and industrial interests and has already
created universal alarm. IL involves great
peril TO the credit and business Of the
country, a peril grave that conservative
men everywhere are breaking away from
the old party associations and uniting
with other patriotic citizens in emphatic
protest against the platform OF the Demo-
cratic National convention as an assault
upon the faith and honor Of the govern
ment and the welfare Of the people. We
the republic more serious than the one
which is thus presented.
''The character Of the money which
shall measure our values and exchanges
and settle our balances with one another
and with the nations OF the world is OF
such primary importance and so far reach
ing in its consequences as to call for the
most painstaking investigation, and in the
end sober and unprejudiced judgment
at the polls. We must not be misled by
phrases, nor deluded by false theories
Free silver would not mean that silver
dollars we're 10 be freely had without cost
or labor. IL would mean the free use
Of the minis OF the United States for
the owners Of silver bullion, but would
make silver coin no frCer 10 the many
who engaged in other enterprises. II
would not make labor easier, the hours Of
labor shorter or the pay better. II would
not make farming less laborious or more
profitable. 1t would not start a factory
or make a demand for an additional days
labor. Ii would create no new occupa-
tons. IL would add nothing TO the COM
fort OF the masses, the capital OF the peo-
pie or the wealth Of the nation. II seeks
10 introduce a new measure of value, but
would add no value TO the thing measured.
II would not conserve values. On the
contrary. IL would derange all existing
values. 1t would not restore business con-
hdence, but its direct effect would be 10
destroy the little which yet remains.
Meaning of the Coinage Plank.
1.-THE meaning Of the coinage plank edopt-
ed at Chicago is that anyone may take q
quantity Of silver bullion now worth SO
cents TO the minis of the United States |
have II coined at the expense Of the gov |
eminent and use IL for a silver dollar 1
which shall be legal tender FOR the pay
ment Of all debts, public and private. The /
owner Of the silver bullion would get the /
silver dollar. IL would belong to him and 4
10 nobody else. other people would get |
IL only by their labor the products OF l
their land, or something Of value. The |
bullion owner, on the basis Of present val |
ues would receive the silver dollar for
50 cents worth of silver and other people /
would be required TO receive il as a fun |
dollar in the payment Of debts. The gov
ernmert would get nothing from the trans
action. II would bear the expense OF coin.
ing the silver and the community would
suffer loss by its use.
I'VE have coined since 1873 more than
400 0O0,0 600 silver dollars which are main
tanned by the government at parity with
gold and full legal tender for the nav !
ment Of all debts. public and private Iow
are the silver dollars now in use differap,
from those which would be in use u,dor I
free coinage? They are 10 be OF the gar,e
weight and hneness. They are 10 hear
'AN sohN stamp VI tue government WIN /
would they not be Of the same val,,o9
answer the silver dollars now In nee 49,
coined on account Of the governr1o,. 49, VIZ. !
not for private account or gain 80 81 80
government has solemnly agreed - we
them as coed as the best dollars y,o hsOP
The government bought the silver b,I I'e.
at It's market value and coined :, N' MN
silver dollars. Having exclusive CONT 20
the mntage 1t only coins what n CO.. OF
at a parity with gold. The profit ro no.u
senting the difference between the ~ ne
mercial value Of the silver bullion s,S IN ~
face value OK the silver dollar goes 10 tL Ie
government FOR the benefit OF the 49,, ne
The government bought the silver bnii,". !
contained In the silver dollar NJ ~ ,
much less than its coinage value. II naiS !.
out TO it's creditors and put IL in circn,a
ton among the people at its face vsIno
OF 100 cents, OF a full dollar. II reauiraS
the people 10 accept II as legal tender
and is thus morally bound TO maintain n
at q parity with gold. which was then. as
now, the recognized standard with us ana
the most enlightened nations Of the world
THE government having issued and CIR
culated the silver dollar, II must in honor
protect the holder from loss. This obliga-
ton u has so far sacredly kept. Not only
In there a moral obligation. but there is a
legal obligation. expressed In public stat
ute. to maintain the parity.