The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1900-09-14
M'KINLEY'S VIEWS.
Abstract of Letter Accepting NOmi
nation for President.
IN FULL ACCORD WITH PLATFORM.
Says Opposing Parties Compel Re-
pUbIicans to a Second Battle ON
the Money Issue-Regard-
ing Philippine Islands.

The following in an abstract of the
letter of Hon. William Mckinley &C
ceptirg the nomination of the repub-
lican convention of 1900 for president
of the United States:
The nomination of the republican nation
al convention of June 10, 1900 for the office
of the president of the United States, which
as the official representative of the con-
VentiOn you have conveyed to me, is &C
cepted. l have carefully examined the
platform adopted and give to it my hearty
approval. Upon the great issue of the
last national election it is clear. 1t uphoIds
the gold standard and indorses the legisla-
ton of the present congress by which that
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 first
battle. that OF 1886, the friends of the gold
standard and of sound currency were tri-
umphant and the country is enjoying the
fruits of that victory. Our antagonists,
however, are not satisfied. They compel
US to second battle upon the same lines
on which the first was fought and won.
While regretting 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 the
issue and again invite the sound money
forces to join in winning another and we
hope permanent triumph for an honest
financial system, which Will continue in
ViOlable 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 bimetallists, said:
THE friends of bimetallism have not
been VanQuished they have simply been
overcome. They believe that the gold
standard is conspiracy of the money
changers against the welfare of the hu-
man race. and they will continue the war
fare against it. :"
The policy thus proclaimed has been ac-
ceptod and confirmed by these parties.
In all three platforms these parties an
nouncc that their efforts shall be unceasing
until the gold act shall be blotted from the
statute books and the free and unlimited
coinage of silver at 16 to 1 shall take its
place.
All the Issues Important.
The relative Importance of the issue
pOrtart. Whichever party is successful
will be bound in conscience to carry into
administration and legislation its several
ueclara tons and doctrines One declara-
ton VIII be as obligatory as another, but
all are not immediate. 1t is not possible
that these parties would treat the doctrine
of l6 to J, 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
hereEy to prevent the triumph of the par
ties whose union is only assured by adj
here2ce to the silver issue. Will the Amer
lean people, through Indifference or fancied
security. hazard the overthrow of the wise
hnarcial 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 protective tariff which
supplies suhicieDt revenues for the gov
eminent and adequate protection to our
enterprises and producers; and of reci-
proclty 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-nonOred principles of protection
and reciprocity were the first pledges OF
republican victory to be written into public
During the past year more than SIS. OOO.-
900 Of United States bonds have been
paid from the surplus revenues of the
treasury, and in addition S25, 600. coo of two
per cents. matured, called by the govern
ment. are in process of payment. Pacific
railroad bonds issued by the government
in aid Of the roads in the sum of nearly
$HO0.0C0 have been paid since Deem /
Der 81. 1897. The treasury balance is in
SATISFACTORY condition. showing on Sep
TENDER 1 S135.419 0Co, in addition to the
$l5O,0)20o0 gold reserve held in the treas
ury. The government's relations with
the Pacific railroads have been substan-
tally closed, 1924. 421OO0 being received
from these roads. the grea ter part in
cash and the remainder with ample Sc
cuTltlcS for payments deferred.
Volume Of Our Currency.
Instead Of Diminishing, as was predict
ed four years ago, the volume of our
currency is greater. per capita than it has
ever been. It was S21. 10 in 1895. IT had in
creased to $3.50 on July !, 1900, and S26S5
on September l, 1900 Our total money on
July !, 1896, was 81 SOC 434, $3.50; on July 1
1907 it was $2062, 425 496; and s., $685. $50, 042
on September l, 1900.
(lrrr Ind, 1,,,I4
tions are more promising than they have
been for many years; probably more so
than they have ever been. Prosperity
abounds everywhere throughout the repub-
lie. I rejoice that the southern as we'll
as the northern states are enjoying a full !
share Of these improved national conditions !
and that all are contributing so largely !
to our remarkable industrial development.
The money lender receives lower rewards !
for his capital than if it were invested
in active business. The rates of interest !
are lower than they have ever been in this
country. while those things which are
produced on the farm and in the work
shop, and the labor producing them, have
advanced il value.
Oar Foreign Trade.
Our foreign trade shows a satisfactory
and increasing growth. The amount of
our exports for the year 1900 over those
Of Of the exceptionally prosperous year of
1899 was about half a million dollars for
every day of the year, and these sums
have gone into the homes and enter
prlSeS OF the people. Inere mas Deen an
increase of over $40, 000.0 900 in the exports |
of agricultural products; S92, 692,220 in
manufactures. and in the products of the |
mines over 100000. Our trade balances
cannot fail to give satisfaction to the
people of the country. In 1898 we sold
abroad S615, 432. $40 of products more than
we bought abroad; in 1899 $529, S47. SIS, and
in 1900 S544, All ,701, making during the three
years total balance in our favor of
81 ,6S9, f19, 190-nearly five times the balance |
of trade in our favor for the whole period
of JOS years from 1890 to June 30, 1897, in
elusive
-Four hundred and thirty-six million dol
lars of gold have been added to the gold
stock of the United States since July /.
1896. The law of March A. 1900, authorized |
the refunding into two per cent. bonds
of that part of the public debt represented |
by the three per cents. due in 1908, the
four per cents. due in 1907, and the five |
per cents. due in 1904. aggregating $S40.
100000. More than one-third of the sum
of these bonds was refunded in the first |
three months after the passage of the |
act, and on September 1 the sum had been
increased more than $33 900, 900, making
in all 1896, SIS, 050 resulting in a net saw
ing of over $8379. $40. The ordinary re-
CENTS Of the government for the fiscal |