Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1900-09-20
M'KINLEY'S VIEWS.
Abstract of Letter Accepting Nomi-
nation for President.
IN FULL ACCORD WITH PLATFORM.
Says Opposing Parties Compel Re-
pubiicans to Second Battle on
the Money Issue-Rcgard-
Ing Philippine Islands.

Ing Philippine Islands.
The following in an abstract of the
letter of Hon. William Mckinley ac-
cepting 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 once
of the president of the United states, "dllch fI,
as the official representative OF the CON
Vention you have conveyed TO me, is ac-
cepted. l have carefully examined inc
platform adopted and give 10 IL my nearly
approval. Upon the great issue OF the
last national election 1t is clear. II uphoids
the gold standard and indorses the leglSla-
tion of the present congress by whlch tlat
standard has been effectively strength
ened The stability of our national cur
rency is therefore secure so long as tnose
who adhere to this platform are kept IN
control of the government. In the hrSt
battle that of 1896, the friends OF the gold
standard and of sound currency were trl-
umphant ard the country is enjoying the
fruits Of that victory. our antagonists;
however, are not satisfied. They compel
on which the first was fought ana won.
While regretting the reopening 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 a 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
medately 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 a 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-
cepted and confirmed by these parties.
in all three platforms these parties an
nounce that their efforts shall be unceasfng
until the gold act shall be blotted from the
statute books and the free and unlimited
coinage of silver at It to l shall take It's
place.
All the Issues Important.
The relative Importance of the issue l
90 not stop to discuss. All of them are i'm,
portant Whichever party is successful
will be bound in conscience to carry into
administration and legislation its several
declarations and doctrines. One declara-
tion will be as obligatory as another but
all are not immediate. 1t Is not possible
that these parties would treat the doctrine
of 16 to l, the immediate realiZ .tion Of
which is demanded by their several plat
forms, 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
heresy to prevent the triumph of the par
ties whose union is only assured by ad-
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
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
eminent 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 -honorcd principles of protection
and reciprocity We're the first pledges Of
republican victory to be written into public
law.
During the past year more than $4,000
900 of United States bonds have been
paid from the surplus revenues of the
treasury, and in addition $25, 900, 900 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
Sii,G0OOOO have been paid since Decem-
Der 81 1897. The treasury balance is in
satisfactory condition, showing on Sep
50000,0o0 gold reserve held in the treas
uCy. The governments relations with
the Pacific railroads have been substan-
TALLY closed, 1924, 421, 600 being received
from these roads. the greater part in
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 our
currency is greater per capita than it has
ever been. 1t was $2110 in 1896. 1t had in
creased to $2G50 on July /, 1900 and S26.S5
on September !, 1900. Our total money on
July l. 1896 81, ,506.4 $685. on July /,
1900 it was 81 O62 425, ,496; and s. O96, $50, ,042
on September l, 1900.
Our industrial and agricultural condi-
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. l rejoice that the southern as well
as the northern states are enjoying full
share of these improved national conditions
and that all are contributing largely
to our remarkable industrial development.
The money lender receives lower rewards
in active business. The rates of interest
are lower than they have ever been in this
country, while those things which ar, are
produced 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 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
increase of over $50, 900 600 in the exports
of agricultural products; $92, ,692, 220 in
manufactures, and in the products of the
mines over $4,000 900. our trade balances
| cannot fail to give satisfaction to the
| people of the country. In 1898 we sold
| abroad $615 sc of products more than
| we bought abroad; in 1899 $529, SAT S13, and
| in 1900 $544, Al, ,70l, making during the three
| years total balance in our favor of
81, $50, 779, 190-nearly five times the balance
' of trade in our favor for the whole period
OF lUo y;ears from 1880 to June 30, 1897, in
| elusive.
| -Four hundred and thirty-six million dol
! lars of gold have been added to the god
| stock of the United States sip.e July /,
| 1886. The law of March II. 100 authorized
the refunding into tV~5 per cent bonds
! Of that part OF the public debt represented
! by the three per cents. due in 1903, the
| four per cents due in 1907. and the five
! per Cents. due in 1904. aggregating sS4O
| 1000. 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 the sum had been
| increased more than $33 100000, making
| in all $3.50 0,5'S, $50, resulting in a net saw
{n,y nf he prlI