The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1900-09-15
M'KINLEY'S VIEWS.
Abstract of Letter Accepting Nomi-
nation for President.
IN FULL ACCORD WITH PLATFORM.
Says Opposing Parties Compel Re-
poblIcans to a Second Battle on
the Money IsSue-Regard-
ing Philippine lxlandA.

The following III an abstract oil the
letter of Hon. William Mckinley &C
ccpting the nomination of the rePub-
lican convention OF 1909 for president
of the United States:
The nomination of the republican nation
al convention of June 10. IJvI. Tor the once
of the president OF the United States. which
as the official representative OF the con-
vention you have conveyed to me, is &C
cepted. 1 have carefully examined the
platform adopted and give to IL my nearly
approval. Upon the great issue OF the
last national election 1t Is clear II upnoios
the gold standard and indorses the leSlSia.
ton of the present congress by winch tnat
standard has been effectively strength
ened. The stability OF our national cur
rency is therefore secure so long as those
who adhere to this platform are KEPT IN
control OF the government In the nrSi
battle, that of 1896. the friends OF the gold
standard and of sound currency were tti-
umphant and the country Is enjoying the
fruits OF that victory. Our antagonists;
however. are not satisfied. They compei
us to a second battle upon the same lines
on which the first was fought ana won.
While reEretting the reopeniEg OF this
question. which can only disturb the pres
ent satisfactory financial condition OF the
government and visit uncertainty upon our
great business enterprises We accept Inc
issue and again invite the sound money
forces to join in winning another and we
hope a permanent triumph for an honest
financial system. which will continue in
yiolable the public latin
As in 1886 the three silver parties are
united. under the same leader who. i'm
mediately after the election of that year.
in an address to the bimetailists,, said:
1.-The friends of bimetallism have not
been ~vanQuished: they have simply been
overcome. They believe that the gold
standard is a conspiracy of the money
changers against the welfare of the hui
man race. and they will continue the war
fare against It,"
The policy thus proclaimed has been &C
-a-td a-l oo-Ero,nl ~ fhncn na-sfpS
In all three platforms these parties an
nounce that their efforts shall be unceasing
until the gold act shall be blotted from the
statute books and the free and
coinage of silver at l6 to l shall take Its
place.
All the Issues Important.
The relative Importance of the issue l
do not stop to discuss All of them are i'm
portart. Whichever party is successful
will be bound in conscience TO carry into
administration and Legislation its several
declarations and doctrines. One declara-
ton will be as obligatory as another. but
that these parties would treat the doctrine
of is to l. the immediate realization of
which is demanded by their several plat
forms. as void and imperative in the event
that they should be clothed with power.
Otherwise their profession Of faith is in
sincere. It is therefore the imperative
business of those opposed to this financial
heresy to prevent the triumph of the par
ties whose union is only assured by adj
herence to the silver issue. VIII the Amer
lean people, through Indifference or fancied
security. hazard the overthrow of the wise
financial legislation of the past year and
revive the danger of the silver standard
with all of the inevitable evils of shattered
confidence and general disaster which just
ly alarmed and aroused them in 1896"
Stands by Protection.
The republican party remains faithful to
Its principle of "A protective tariff which
supplies sufficient revenues for the gov
m and adequate protection to our
enterprises and producers: and of reCi-
procity which opens foreign markets to
the fruits of American labor. and fur
nishes new channels through which to
market the surplus of American farms.
The time-honored principles of protection
and reciprocity were the first pledges of
republican victory to be written into public
law.
During the past year more than $40. GO0.-
900 Of United States bonds have been
paid from the surplus revenues of the
treasury. and in addition 81. 0W,0 900 of two
per cents. matured. called by the govern
mcnt. are In process of payment. Pacific
railroad bonds issued by the government
in aid of the roads in the sum of nearly
81. GHn.O 600 have been paid since Decem-
Der 81. 1881. The treasury balance is in
satisfactory condition. showing on Sep
SlJh.oJ0.WO gold reserve held in the treas
ury. The governments relations with
the Pacific railroads have been substan-
italy closed. 1924. i2l 900 being received
from these. rolds. the greater part in
cash and the remainder with ample Sc
curli'es for payments deferred.
Volume Of Our C]arrency.
Instead of diminishing. as was predict
ed four years age. The volume of our
currency is greater per capita than it has
creased TO S3G.50 on July |. 1900. and Sc NJ
on September /. 1900 Our total money on
July /, IS96. WAS sl.5OG. i3f. 9f6; on July l..
1gU. il was s..O62. AS. i9G; and s.. O96. GS3. Oi2
on September /. 1890.
our Industrial and agricultural condi-
ton: are more promising than they have
been 1ur many years. probably more so
than they have ever been Prosperity
ahnundSeVerywhere throughout the repub-
lie. l rejoice that the southern as well
as the northern states are enjoying n full
SharCn nj these improved national conditions
and that all are contributing so largely
to our remarkable industrial development.
Tho money lender receives lower rewards
for his capital than if il were invested
III active business. The rates Of interest
ar" lower than they have ever been in this
country. while those things which are
Iruhuccd on the farm and in the work
shop. and the labor producing them, have
advanced in value.
Our Foreign Trade.
Our foreign trade shows a satisfactory
and increasing Growth. The amount of
our exports for the year 1900 over those
of Tue exceptionally prosperous year of
ING1 was about half 4 million dollars for
every day of the year. and these sums
have gone into the homes and enter
priSes of the people. There has been an
increase of over $50. 900. coo in the exports
of agricultural products: S92.692. 30 in
manufactures. and in the products of the
mines over $40. 900. 900. Our trade balances
cannot fail to give satisfaction 10 the
people of the country. In 1895 We sold
abroad si15. 49,. 6I6 of products more than
we bought abroad: in 1899 $50. S4I.S13. and
in 1909 SJii.41l. 10l. making during the three
years a total balance In our favor of
81. Csc. 1I9. 19o-nearly five times the balance
Of trade In our favor for the whole period
of los years from 1870 TO June 80, 1897. in
elusive.
Fctr hundred and :hirty-six million dol
lars Of gold have been added TO the gold
stock of the United States since July /.
1S9G The law of March IA. 1900. authorized
the ~rcfundin- into two per cent. bonds
OF that part of the public debt represented
by The three per cents. due in 1905. the
four per cents. due in 1907. and the five
per cents. due in 1904. aggregating sSio.-
0tJ. 0Gn. More than ore-third of the sum
OF these bonds was rrfunded in the first
three months after the passage of the
increased more than $685. 00. 900, making
in all $50. 5IS.0 resulting in a net saw
ing of over SS,319. $50. The ordinary re-
CpiptS of the government for the fiscal
year 1900 were SI9,527 .0G0 in excess of its
expenditures
and internal revenue have been greatly
increased. our expenditures have been
decreasing. Civil and miscellaneous eX-
penSCs for the fiscal year ending June
50. 1899. were nearly $4,000. 900 less than
fin 1893, while on the war account there
There were required S. O0O.C go less to sup
port he navy this year than last. and 'eX-
pend lures on account of Indians were
rear" two "nd ~th-ee-Guarter million dol