Evening journal., 1896-09-10
I0BART'S ACCEPTANCE
McKinley's Running Mate Gives
the Public His Views.
NDORsEs REPUBLICAN PLATFORM.

/
PaImer's candidacy-Pennsylva Re-
publican Clubs sIeet at Erie.
1 PATERSON, n. j., Sept. o.-The letter
acceptance Of Hon. Garret A. Hobart
! he Republican nominee for vice presi-
ent, has been made public. 1t is address,
/ d to Hon. Charles W. Fairbanks and 9th.
RS Of the notification committee OF the
spublioan national convention and deals
length and in businesslike way with
he issues involved in the campaign. Civ
\ log especial prominence to finance and the
lriff Regarding the money question.
Ir Hobart says.
The platform declarations in reference to
ne money question express clearly and I'M
pistakably the attitude of the Republican par
as 70 this supremely important subject
stand unqualihedly for honesty in Anance
nd the permanent adjustment of our none
sElry system in the multifarious activities of
II hde ana commerce to the existing gold
n andard OF value. We hold that every dollar
currency issued By the United States
n neither Of gold, silver or paper, must be
M orth dollar in gold. whether in the pocket
Y the man Who tolls for his daily bread in
II ie vault Of the savings bank which holds his
sk 'poSts or in the exchanges of the world.
III The money standard of a grent nation should
HE as fixed and permanent as the nation itself
IL secure and retain the best should be the
i Nesre of every right minded citizen. Resting
III stable foundations, continuous and unvary-
2Ng certainty of value should be its distin-
Il Siishing characteristic. The experience of all
III story confirms the truth that every coin
II ade under any law, howaoever that coin may
#g stamped, will finally command in the mar.
III ITS OF the world the exact value Of the mate
AL ais which compose it. The dollar Of our
untry, whether Of gold or silver, should be
~ the full value Of 100 cents, and by so much
# any dollar is worth less than this in the
i arket, by precisely that sum will some one
4 defrauded.
81 The necessity Of a certain and fixed money
lue between nations as well as individuals
IS grown out Of the interchange of commodi-
q IS, the trade and business relationships
" hioh have arisen among the peoples of the
"a lrld with the enlargement Of human wants
d the broadening of human interests. This
cessity has made gold the final standard Of
81 enlightened nations Other metals includ-
n z silver, have a recognized commercial val
MI Of great Importance for subsidiary coinage.
%M view OF a sedulous effort BY the advocates
@& free coinage to create "a contrary impress
#E'n, 1t cannot be too strongly emphasized
" Aat the Republican party in its platform af-
# ms this value in silver and fayors the largest
81 ssi bic use of this metal as actual money that
p be maintained with safety. Not only this
1 VIII not antagoni2e but viii gladly assist
sNt pAoAibtiuE u QoQblt 6lanNuIu Wnentftf IL
# r. be secured by agreement and cooperation
81 ong the nations The bimetallic currency
#f golying the free use of silver which we now
M We, IS cordially approved by Republicans
standard and currency are vastly diff
'ent things.
"ATust Cease Juggling"
we are TO continue TO hold our place
II ong the great commercial nations we must
Il lse juggling with this question and make
Il honesty Of purpose clear to the world. No
~ Hlm should be left for misConcepti0n as to
meaning Of the language used in the bonds
~ the government not yet matured. 1t should
be possible for any party or individual TO
Sc question as TO the purpose Of the coun-
# to pay All its obligations in the best form
Ne kmoney recognized by the commercial world
# Il nation which Is worthy Of credit or con-
snce can afford to say explicitly on a ques-
d. 50 vital TO every interest, what il means
en- such meaning Is challenged or doubted.
desirable that we should make it known
4 once and authoritatively that an honest
II lar" means any dollar equivalent'to to q gold
81 lar OF the present standard of weight and
3 moss. The world should likewise be assured
N the standard dollar of America is US i'm
sIiblo a quantity as the French napoleon,
British sovereign or the German 70 mark
lee.
Hhe free coinage Of silver at the ratio Of l6
II is a policy which no nation has ever be-
II r. proposed. and 1t is not today permitted
Nany mint in theworld. not even in Mexico
Is purposed TO make the coinage unlimited
I'm absolutely fictitious ratio, fixed with no
" Hcrence to intrinsic value or pledge of ulti-
III Ate redemption. With silver at its present
se lee Of less than 20 cents per ounce IN the
4 lrlzet, such policy means an immediate
III Att 10 the seller of silvor, for which there Is
return now or hereafter to She people or
government II means that for each 81
rth Of silver bullion delivered at the mint
cticaliy s2 worth Of stamped coin viii be
len in exchange. For 500 worth Of bullion
rly 200 silver dollars will be delivered
M Net it also be remembered that the conse-
N lnces of such an act would probably be Gu
lative in their effects. The crop Of silver
Ike that OF hay or wheat or corn-which,
Ing Of yearly production. can be regulated
lthe law of demand and supply--is axed
le for all. The silver which has not yet
ln gathered is all in the ground Dearth or
Ter accident Of the elements cannot aug
# LIT or diminish IL. Is il not more than prob
VI n that with the enormous premium offered
its mining the cupidity Of man would
# ISe oversupply continuous with the
essary result of a steady depreciation as
M 4 as the silver dollar could be kept in cir
ht4on at all? Under the laws Of finance
eli are as fixed as those Of any other sci
Ie, the inevitable result would finally be a
Arency al and absolutely fat There Is no
Aercnce i'm principle between dollar half
under the logic Of ''cheap money would
Aaly drive the other ont
As to Fiat MoseY.
kny attempt on the part OF the government
Mroata by its fiat money Of a fictitious value
Hid dishonor us IN the eyes Of other peoples
bring infinite reproach upon the national
Nracter The business and financial conse
ances OF such an immoral net would be
Fldwide, because our commercial relations
lworldwide. All our settlements with 9th
bands must be made not with the money
81 Hch may be legally current IN our own
s. Intry, but in gold. the standard uf al ma
# with which our relations are most cor.
n and extensive, and no legislative enact
IN 1T can free rs from that inevitable necessi
@ 10 is q known fact that more than SO per
# of the commerce Of the world Is settled
~ old or on gold basis.
81 ich free coinage legislation. if ever con
~ mated, world discriminate against every
@ iucer of wheat cotton, corn or rye-who
M Sild IN Justice be equally entitled with the
|SN Har owner TO sell his products tc the unit
Estates treasury, az prort fixed hy the
& srnment-aud against ali producers 81 IRON.
8# i'll zinc or copper who might properly
q M to have their metals made into current
It would AS well be 3 fraud upon an eer
E forced to accuPt a currency thus sti.ra
81 HI and at the same time degraded
y every aspect the proposed pclcy Is par
81 Il and one sided. hrrau-a ~ j. ,,,ifv ,,,rat N