Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1900-09-14
M'KINLEY'S VIEWS.
Abstract of Letter Accepting Nomi-
nation for President.
IN FULL ACCORD WITH PLATFORM
Saws Opposing Parties Compel Re-
pubIicans to n second Battle on
the Money Issuc-Regnrd-
Ing Philippine Islands

letter of Hon. William Mchlhloy ac-
cepting the nomination of the repuo- !
lican convention of 1900 for president
OF the United States:
The nomination of the republican nation
al convention of June 10, l9o9, Tor the once once
Of the president of the United states, whlch
as the oficial representative of the con-
yention you have conveyed to me, is ae.
cepted. N have carefully examiner Ine
platform Sdopted and give to II my hearty
approval Upon the great issue OF the
last national election 1t is clear. 1t uphoids
the gold standard and indorses the leglsla.
tion of the present congress by whieh tnaat
standard has been biTv eaecXey M or National cur
rency is therefore secure so long as tnose
who adhere to this platform are Keps srnt IN
control of the government. In the hrst
battle, that of 1896 the friends of the gold
standard and of sound currency were ui.
umphant and the country Is ENJOYING tne
fruits of that victory. Our antagonlsts,
however. are not satisfied. They eompei I
us to a second battle upon the same lines lines
While regretting the reopening OF TINS
question. which can only disturb the pres
government and visit uncertainty upon OUT
great business enterprises, we nS aeeept ,nnS ,ne
forces to join in winning another and we |
hope permanent triumph for an honest
financial system which Will continue IN
yiolable the public faith.
AS in 1896 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 bimetaliists SAID:
been vsnquished; they have simply been
overcome They believe that the gold
standard Is s3nsbpiraSy, tb s,fsre or ' of the hy
man race. and they Will continue the war
The policy thus proclaimed has been ac-
cepted and confirmed by these parties.
In all three platforms these parties an
nounce that their efforts shall be unceasIIlB
until the gold act shall be blotted from the
statute books and the free and unlimited
coinage OF silver at 10 to snail take i'S
place.
All the Issues Important.
The relative Importance OF the issue 1
do not stop to discuss. All OF them are I'M
p9rI1bn. piil be honna in conseienee to carry into
administration and Legislation It's seyerai
declarations and doctrines one SeslaIa Ira,
tion will be obligatory as another, nut
all are not immediate. II Is not posslple
that these parties would treat the doctrine
which Is demanded by their several plat
forms, as void and inoperative in the event
Otherwise their profession of faith is in
sincere. 1t is therefore the imperative
heresy to prevent the triumph of the par
ties whose union Is only assured by ad-
lean people through Indifference or fancied
security, hazard the overthrow OF the wise
financial legislation OF the past year and
with all of the Inevitable evils Of shattered
confidence and general disaster which d just
ly alarmed and aroused them In 1897
The republican party remains faithful to
supplies sufficient revenues for the gov
ernment and adequate protection to our
enterprises and producers; and or 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 nrst pledges OF
republican victory to be written into public
law
During the past year more than SO OO0,-
900 OF United States bonds have been
paid from the surplus revenues OF the
treasury. and in addition so OOO 900 OF two
per cents. matured, called by the govern
ment are in process of payment. PacihC
railroad bonds issued by the government
In aid of the roads in the sum OF nearly
S4.OOOOOO have been paid since Decem
ber 81 1887 The treasury balance Is II
tember ! sl35 $4,000, in addition TO tht
sl5O,OOO,0oO gold reserve held in the treas
tSs @ Pacifc hs E9iroefh ETaiToads have been sSbstan
TALLY closed sl2i 900 being receives
from these roads, the greater treat part part III !.
cash and the remainder with ample Sc
,curities for payments deferred.
Volume of Our Currency.
Instead of diminishing. as was predict
ed four years ago. the volume OF gu
currency is greater per Gaptaa p,iae than ~ ma ia
creased to $3.50 on July /. 1900, and Ss6.s
on September l, 1900. Our total money o
1900 it was 500 AS, iss; and ,2,Os6 6SS, ,Oi
on September /, 1900
Our Industrial and agricultural cond
tions are more promising than they hav
been for many years; probably more s
than they have ever been. prosperiii
lie. I rejoice that the southern as we
as the northern states are enjoying a fu
and that all are contributing so large
to our remarkable industrial development
The money lender receives lower reward
: for his capital than II it were invest'
An active business. The rates of intere
arelower than they have ever been In In tn
produced the farm and in the wor
shop, and the labor producing them. ha'
advanced in value.
Our Foreign Trade.
Our foreign trade shows satisfaction
and increasing growth. The amount
our exports for the year 1900 over tho
Of the eKGeptiopaIly proSRI,erop1s 1o,inrs year
every day of the year, and these sur
have gone into the homes and ente
flcSes Increase ' of T over $4,000 900 in the expor
of agricultural products; s92 2,692, go
mines over $1,000, ,oOo Our trade baiane
cannot fail to give Satisfaction to
people Of ss, the me S 6 SSroaucts more tn
we bought abroad; in 1899 S529, dI ;SlS, a
in 1900 s5i4. All ,70l, making during the TN
ii 6ss' '779, 1so-neariy 1--WE times the balaI
Of trade in our favor for the whole per
of los years from 1880 TO June oV' 1884,
Four hundred and thirty-six million
lars of gold have been added to the g
stock of the United States so6N since July Ii
1886. The law of March IA, 1900, authori,
the refunding into two per cent. boz
OF that part of the public debt repIrSesSen pISaS
by the three per cents. due IN lyos
four per cents. due in 1907 and the >.
per cents. due in 1904 aggregating IS
100000. More than one-third of the 5
OF these bonds was refunded in the. +
three months after the passage OF
act. and on September the sum had b
Increased more than 100000, max
in all $3.50, SIS, $50, resulting in a net $
ing of over sS379,52O. The ordinary
ceipts of the government for the III
year 1900 were $40, ,527, ,O60 in excess of
expenditures.
While our receipts both from Gust
and internal revenue have been gre
Increased, our expenditures have
decreasing. Civil and miscellaneous
penses for the fiscal year ending