The Oskaloosa herald., 1900-09-13
NJ 'KTNLET'S VIEWS.
Abstract Of Letter Accepting NOmi-
nation for President.
IN FULL ACCORD WITH PLATFORN.
Says Opposing Parties Compel Re-
PabIIcRns TO a second Battle ON
Ihe Money Izsue-Regard-
Ing Philippine Islands,

line lOLlOM1uE III an dDSlld "a az
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
II convention of june 10, 1900, for the otice
| OF the president of the United States, which
Is the oficial representative of the con-
vention you have conveyed 10 me, is &C
cepted. / have carefully the
Approval. Upon the great issue OF the
last national election II Is clear. IT upholds
the gold standard and Endorses the legtsla-
| standard has been effectively strength
ened. The stability of our national cur
reney Is therefore secure 50 long as Sa Lnos ie
control Of the government. In the nrst
battle, that Of 1886, the friends Of the gold
=s TTan Z and Il che Scum Country GgrL IS enjoying the
fruits Of that victory. Our antagonists;
however, are not satisfied. They compel
on which the first was fought and won.
While regretting the reopening OF this
question, which can only disturb the pres
emit satisfactory financial condition of the
| government and visit uncertainty upon our
great business enterprises, we accept the
issue and again INVITE me S3nna s money
hope q 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 thai, year,
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 hu-
man race. and they will continue the war
fare against it." l.
The policy thu proclaimed has been &C.
eepted and confirmed by these parties,
| In all three platforms these parties an
nouncs 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 is to / shall take its
place.
All the Issues Important.
The relative Importance of the issue I
do 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-
ton will be as obligatory as another, but
all are not immediate. 1t is not possible
that these parties would treat the doctrine
which is demanded by their several plat
forms, as void and imperative in the event
hat they should be clothed with power.
Otherwise their profession OF faith is in
sincere. 1t 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 ad-
herence, to the silver issue. VIII the Amer
lean people; thFc"gh 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 1887
Stands by Protection.
The republican party remains faithful to
supplies suficient revenues for the gov
eminent and adequate protection to our
enterprises and producers; and Of reci-
the fruits of American labor, and fur
nishes new channel through which to
The time-honored principles of protection
and reciprocity were the first pledges of
republican victory to be written into public
During the past year more than $40 Co.,
900 of United States bonds have been
paid from the surplus revenue Of the
treasury, and in addition $25. 900, 600 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
$44,000,QQ have been paid since Decem-
Der 81, 1897. The treasury balance is IN
satisfactory condition, showing on Sep
tember ] Sl35, 419.00 in addition to the
ury. The governments relations with
the Pacific railroads have been substan-
TALLY closed, l24,42l,0O o being received
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 1t has
creased to $3.50 on July /, 1900, and $26S5
on September !, 1900. Our total money on
July !. 1896. was 81. sos, 434, 966; on July !.
1900, 1t was S2,O62 425.4 1876; and $2'O96.6S3'O4
Our Industrial and agricultural condi-
tions are more promising than they have
hoo EA- --a-v Wan-n= NWnhnllw~ Wv En
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 a full
share orthese 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 II 1t were invested
In active business. The rates Of interest
country. while those things which are
produced on the farm and in the work.
shop, and the labor producing them, hav
advanced in value.
Our Foreign Trade.
Our foreign trade shows a satisfactory
and increasing growth: The The amount OF
of the exceptionally prosperous year of
1899 was about half a million dollars for
have gone INTO the homes and enter
prises of the people. There has been al
increase Of over $780, 00,0 900. in the exports
| u dkIACulAuAd al pAOuuGNnf NJlaOJAfE-O ia
manufactures, and in the products of the
mines over $4,000 900. Our trade balances
cannot fail to give satisfaction to the
abroad s615, 432, 676 of products more than
we bought abroad; in 1893 N29, Sf7, $40, and
in 1900 $544,41 701, making during the three
years a total balance in our favor of
s. ,6S9, 10, 19O-nearly five times the balance
of trade in our favor for the whole period
Of los years from 1870 TO June 30, 1897, in
-Four hundred and thirty-six million dol
lars of gold have been added 10 the gold
stock of the United States since July l.,
1896. The law of March IA, 1900, authorized
the ~refunding into " per cent. bonds
of hat 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, a~ggregating $780,
10000. More than o%ne-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
in all $33o,57s. $50. resulting in a net saw
ing Of over $.379,520. The ordinary re-
ceipts Of the government for the fiscal
year 1900 were s7s.5Z7,o6O in excess OF it's
While our receipts both from customs
and internal revenue have been greatly
increased, our expenditures a v been
decreasing. Civil and miscellaneous ex-
30, 1900, were nearly S4, ,OO0 less than
IN 1899. while on tina war account there
Is a decrease Of more than go Ooo.
port the navy this year than last, and ex-
p~enditures on account Of Indians were
nearly two and three-auarter million dol
Of Increase in the public expenses Of
100 over 1859 are for pensions and Interest
on the public debt. In 1899 We expended
for pensions S159, 39t.sz. and for the fiscal
year 100 ouT. payments on this account
| OF interest on the public debt OF 1900 over