The Chandler News. (Chandler, Okla.), Vol. 6, No. 1, Ed. 1 Friday, September 25, 1896 Page: 3 of 6
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.asms of Loci
1 i >
^Tbe Hon. J. B. tiob
• ie Kingfisher, wi
5 county at the fol
m o ^Hobor 7th,
, October i—
Npeob ucxf
-erkiub fair
r Staud on Sound Mone*)
Protection and Reci-
procity,
FORMAL NOTE OF ACCEPTANCE.
Mills Should be Opened to Labor
Free Coinage Would Set No
Wheels Turning.
Canton. O , Aug. 26.—Following is the
formal letter ot acceptance written by
MaJ. McKtnley, Republican nominee for
president, anil made public to-nlgbt:
"Tho Hon. John M. Thurston and Others.
Members of the Notification Committee of
the Republican National Convention—lien
tleinen: In pursuance of a promise made
to your committee when notified ot my
nomination us ilie Republican Candida e
president, 1 beg to submit this formal ac-
ceptance^ that high honor, and to con-
sider In detail questions at issue In the
pending campaign. Perhaps this might t
considered unnecessary in view of my re-
marks on flint occnsion. unci those I Have
made to delegations that have visited me
since tho St. Louis convention, but in view
of the momentous importance of the proper
settlement of the issues presented on our
future prosperity, and standing as a nation,
and considering only tho welfare and hap-
piness of our people, I would not be esntent
to omit again calling attention to the ques-
tions which in my opinion vitally affect
strength and position among the gov
• These dollars in the particulars 1 have
named are not the name as the dollars
which would be issued under free coinag«
Thev would be the same in form, out dif-
ferent in value The government woUM
have no part in the transaction except to
coin tbo silver bullion into dollars. It
would share in no part of the pj fit
would take upon it*elf no obligation
would not put the dollars into circulation.
U could only get them a any cltUen *uuld
mt them, by giving something for tbe®
It would deliver them t«- thus.' who tie-
posited the ailv.-r and Its connecti* « ' |
the transaction there end. Surh ? fmder
silver dollars which would be issued und
free coinage of silver at * ratio cl ^ to i.
Who Would Mnlnlnin Pr.. T-
"Who would then maintain the parity.^
What would keep them at par v ;' go'*1
There would be no obligation rest;.- upon
tin government to do it. and if thore were.
It would be powerless to do it. Tho simple
truth is we would be driven to , ,
bas's to silver monometallism. T.'i'vSH ao.-
lars, therefore, would stand upon tnei
real value. 1_* the free and unlimited coin-
n«e cf silver at a ratio of 16 ounces or
sliver fo 1 ounce of gold would, as some
of its advocates assert, make r.3 cents in
.silver worth 100 cents and the silver ib>lla,r
equal to the gold dollar, then we wouiu
lrnve no cheaper money than now. ana
would I).- no easier to get. Hut that such
would be the result is a mi Inst roasorand
is contradicted by experience In all times
and in all lands. It means the debasement
of our currency to the amount of tne -
ference between the commercial and coin
value of the silver dollar which is e\et
changing and the effect would be to reduce
property values, entail untold
Inns, destroy confidence. Impair the obliga-
tions of existing contracts, further in,P^"
crlsh tho laborers and producers of tn«
country, create a panic of unparalleled
severity and inflict upon trade and com-
merce *a deadly blow. Against any such
policy 1 am unalterably opposed.
(■old Driven Oat of Mesloo.
"Bimetallism cannot be secured by In-
dependent action on our part. It cannot
be obtained by opening our mints to tne
unlimited coinage of the silver of tne
world at a ratio of 16 ounces of silver to
1 ounce of g ild when the commercial ratio
is more than P.0 oum es of silver to 1 oimce
of gold. Mexico and China have tried the
: u.... onlnncft Of
ernments of the world and our morality,
Integrity and patriotism as citizens of that ™ ^e"
republic which for a century past has been Bjjv„r an,, Kf),(1 at a rat|0 slightly in cx-
thc best hope of the world and the inspire- ri.SK 0f ir,y_, ounces of silver to 1 ounce of
♦ ton of mankind We must not now prove goiti. and while her mints arc freely open
of mankind, we m . « botb metQlg at 1hat ratlu. not a single
dollar in gold bullion is coined and cir-
culated as money. Gold has been driven
out of circulation in these countries and
they are on a silver basis alone. (Until
international agreement Is bad. it > tne
plain duty of the I'nited States to main-
tain the gold standard. It is the recog-
nized and sole standard of the great com-
mercial nations of the world with wnicn
1
false to our own high standard* in gov
' crnment, nor unmindful of the noble ex-
ample and wise precepts of the fathers.
. or of the confidence and trust which our
conduct in the past has always inspired.
[" The nnnicrr ' Coinaue.
"If never beforo there is presented to the
Americans this year a clear and direct is-
Lue as to our monetary system, of vaa.
Importance In its effect, and upon the
- .(right settlement of winch rest largely tho
-financial honor and prosperity of the
/country, it is proposed by one wing of the
.Democratic party and Its allies, the 1 o-
'pie's and Silver parties, to inaugurate the
free and unlimited coinage of silver by ln-
—,J' dependent action on the part of the I nlted
to Ktt States at a ratio of 16 ounces of silver to
1 ounce of gold. The mere declaration of
r this purpose is a menace to our financial
and industrial Interests and has already
created universal alarm. It Involves great
peril to the credit and business of the
' o ,>41rii itj vft that, conservative
coinage at a ratio of l i to 1 It will .^po-v
the expulsion of gold from our circulation.
l>rha««Ml Hoar) ne«lro>« \ nlo • .
"If there is any one thin* which should
be free from speculation and fluctuation.
U is the money of a country. It ought
never to be the subject of mere partisan
contention When we pan with our labor
our products or our property, we should
receive in return money which is as stable
and unchanging in value as the ingenuity
of honest men can make it Debasement
of the currency means destruction of val-
ue- No one suffers so much from cheap
money as the farmers and laborers. They
are the 'Irst to feel Its bad effects andthe
lust to recover from them. This has been
g uniform experience of all countries
and here as elsewhere the poor and not
the rich arc tho greater sufferer: from
every attempt to debase our money. It
would fall with alarming severity upon
Investments already made, upon insurance
companies and their policy-holders, upon
savings banks and their depositors, upon
building and loan associations ami the.;
u.cmht r-\ up. n the '
upon pensioners and their families, a ad
upon wage earners and the purchasing
power of their wage*.
ChcHii Money Es| rrl«i et t«
"The silver question Is not the onlv
iaaue affecting our money In the pending
contest. Not content with urglnfc the free
coinage of silver, its strongest champions
demand that our paper money shall be
Issued directly by the government of the
United States. This is the Chicago Demo-
cratic declaration. The St. Louis People i
party declaration is that 'Our na-Monal
money shall be issued by the gem ral gov-
ernment only without the int.: c."on or
barks of issue, be full legal ter.- .r ;- r tho
rswnent of all debts public a*.d vr vatc
and be distributed 'direct to til. people
and through lawful disbursements or the
government.' Thus, in addition to the free
coinage of the world's silver, we are i?iked
to enter upon an era of unlimited irre-
deemable paper currency. The Qd^Jioti
which was fought out from !*'.-• to l«i M
thus to be reopened with all its cheap
money experiments nf every conceivable
form foisted upon us. This Indicates a
most startling reactionary policy, strangely
at variance with every requirement of
sound finance; but the declaration nows
the spirit and purpose of those who, by
combined action, are contending for tne
control of th<> government. Not sutured
with the debasement of our coin which in-
evitably follows the free coinage of silver
at 10 in 1. they would still further degrade
our currency and threaten the public
honor by the unlimited Issue of
deemable paper currency. A graver menace
to our financial standing and credit could
hardly be conceived, ami every patriotic
citizen should be aroused to promptly meet
and i ffectually defeat It.
37 2S? During the first six months of the
present calendar year M new factories
were built, ot which 40 were «-ottou mills.
4s knitting mills. ^6 woolen mills, la «llk
wills. I plush mills, and 1! linen mills. Of
the rtv cotton mills twenty-one have
been built in the Southern states' This
fairlN describes the happ> condition of th •
country in December. iv. .' \Nbat has i.
been since, and what is it uow?
|.;iKUt Moatlm I.liter.
The nn*ssag<* of I'retldent Clevelan-
from the beginning of his second *din n
is (ration tt> the present time abound will
in .--crip:Ions of the deplorable industrial
and financial situation of the country,
while no resort to history or official state-
ment is required to advise us of the present
condition ami that which has prevailed
during the pa«t three years. I venture to
>te from President Cleveland s first
III.: sa«e. Aug. 3. 1893. addressed to the
Fifty-third congress, which he bad called
together In extraordinary session. I in-
sistence of an alarming and extraordinai \
business situation.* said lie, -involving the
welfare ami prosperity of all our people
has constrained me to call tog-:hei m
extra session the peoples representatives
in congress, to the end that through the
wise ami patriotic exercise of the legists
the duties with which the} solely are
charged, the present evils may be miti-
gated an.', dangers threatening the futuie
re ay be averted. Our unfortunate financial
plight i* not ihe result of untoward t vents,
nor of conditions related to our natural re-
sources. Nor Is It traceable to any of the
afflictions which frequently check national
growth and prosperity. With plenteous
rate of $18,130,000 a month. - r $500,009 for
every business dsy of the yesr.
I.ONIIIK III Moth Direction*.
"We have either been sending too much
money out of the country or getting too
little in. or both. We have lost steadily in
both directions Our foreign trade has been
diminished, ami our domestic trade has
suite red incalculable loss. Does not this
suggest the cause of present depres-
sion. and indicate its remedy? tonfldemt
In home enterprises has almost wholly dis-
appeared. Our shops are closed, or run-
ning on half time at reduced wages and
small profit, if not actual loss. Our men at
hom<- are idle, and while they are idle,
men abroad are occupied In supplying us
with goods. Our unrivaled home market
for the farmer has also greatly
In cause those who constitute It—the reat
a mv of American wage earners are with
out H e work ami wages they formerly had
If they cannot earn wages they cannot buy
products. They cannot earn If they ha
1 . ... ..I «h..n thev do no
earn the farmers nonu- ■■■•
■ ud linpalred and the less Is felt by both
uroducer ami consumer, rta# Iom of «wb*
fllft power alone in this country in the past
three years is sufficient to have produced
„ur unfortunate business situation. If our
labor w«s well employed, and employed ut
as remunerative «ages a« In 18 i. In a few
months every fanner In the land would
feel the glad change to Increased demand
his products and In the better prices
which he would receive.
Not Opfit Mints, but Open Mill".
"It is not an Increase In the volume^of
money which Is the
to the eaufw- of free goxernirn nt. we w.;i f
u.i immig anth who d n« t wek iur sh« ri-
t,, become hiiiens. We should peru.it
none to isrticipate In the advantages « l
our civilisation who do not sympatm.o
with our alms and form of government
We should receive none who come to iuhI<'
war upon cur institutions and profit by
public disquiet and turmoil Against a
such our irate* must be tightly closed.
Ju tlee t«. Old M«it«llcr •••« *n l riu
The soldiers and sailors of the I n «-
should neither be neglected m r forg« M. i.
The government whb-h they «erved so w..
must not make their lives or eondltltM -
hurder by treating them as suppliants r«
relief in old sge or distrecs. mo ref?Kt't
with disdain or contempt <he . artieat in-
terest one comrade naturally manifests in
lfare of anuthei Doubtlesf. then,
has been abus. and freuds in th. .miner-
laims allowed by the government, b .
policy governing the administration
of the Pension bureau nim-t always b"
fair and liberal. No deserving applicant
should ever, suffer because of a wrong pc
petrated by or for aii
and sailors tl*
they bad. Th«v frcei>
strength, limb and life to sav« On
In the time
subline
i the bess
i.l healtii
on n try
f ite greatest peril, and th >
ihw d for the ti
tropa with* abundant' promise of "•■■■>; - I i",""iuer.'i.'se" In the volume of
erative production and manufacture, «itn i N,ot an jncreaso of coin, but an in oa
unusual Invitation to safe Invc<tmint, and. | ,.onn,lence. Not more coinage but
with satisfactory assurances
1)1 vIIIIiik On* l*eo| le Into
'it is a causo for painful regret and sc-
«« trade"4more 'largely than any other. I Iici(ude that"an effort Is being made by
Eighty-four per cent, of our foreign trade lhr>,e hiRh In the councils of the allied
for the fiscal year 1895 was with gold partlcs to divide the people <>f this
standard countries, and our trade with try Jnt0 cinh<e.s and create distinction
other countries was settled on a gold basis. ainonK which In fact do not exist and
arc repugnaut to our form of government.
These appeals to the passion and prejudice
are beneath tin- spirit and Intelligence of
I'll II 11 tiollt.
ml
S'
m
B. 1
kiln fiu -j
day thi 1 u
The t X
urday n ght
pcraous to'1
C. E. to;
from Da?i
22; 1-281
hull.
Hoyt
cattle
ooutit
Mulh
. EpU.
the Prespy
day evenir
dittlly Ir
Jv
lain
ed*'
to
E \ I
cot y
to .xli
receut1
cata.
N
HiB
to It I
ehoi
a ma
(61 u
day!
ceB.-*
ent<
E
to (
Fie.
she
BtUC
Ti
in tp
la n 4' *
country, a peril so grave that conservative
men everywhere art- breaking away from
the old party associations and uniting
with other patriotic citizens in emphatic
protest against the platform of tho Demo-
cratic National convention as an assault
upon the faith and honor of the govern-
ment and the welfare of the people. We
have had few questions in the lifetime of
the republic more serious than the one
which Is thus presented.
"The character of the money which
shall measure our values and exchanges
and settle 001 balances with one another
and with the nations of the world, is of
such primary Importance and m> far reach-
ing In Its consequences as to call for the
most painstaking investigation, and in the
end. a sober and unprejudiced judgmt nt
at the polls. We must not be misled by
phrases, nor deluded by false theories.
Free silver would not mean that silver
dollars were to be freely had without cost
or labor. It would mean the free use
of the mints of the United States lor
the owners of silver bullion, but would
make silver coin no freer to the many
who engaged in other enterprises. It
would not make labor easier, the hours of
labor shorter or the pay better. It would
not make farming less laborious or more
profitable. It would not start a factory
or make a demand for an additional day's
labor. It would create no new occupa-
tions. It would add nothing to the com-
fort of the masses, the capital of the peo-
ple or the wealth of the nation. It seeks
to introduce a new measure of value, but
. would add no value to the thing measure?!.
It would not conserve values. On the
contrary, it would derange all existing
vakies. It would not restore business con-
fidence, but Its direct effect would be to
dostroy the little which yet remains.
Coinage Plunk.
linn- Sllv
'Chiefly by means of legislation during
and since 1878. there has been put in
circulation more than $t 24,000,000 of sil
or its representative. This has been
done in the honest effort to give#to silver.
If possible, the same bullion and coinage
value and encourage the concurrent use of
both gold and silver as money. Trior to
that time, there had been less than H.OOn.-
000 of silver dollars coined In the entire
history of the United .States, a period of
eighty-nine years. This legislation secures
the largest use of silver consistent with
financial safety ami the pledge to main-
tain its parity with gold. We have to-
day more silver than gold. This has been
accomplished at times with grave peril to
the public credit. The so-called Sheixiau
law sought to use all the silver product
of the United States for money at its in-t-
ket value. From 1890 to 1893. the gov-
ernment purchased 4.500.000 ounces of sil-
ver a month, or fi4.000,000 ounces a year.
This was one-third the product ot the
world, and practically all of this country s
product. It was believed by those who
tlu'u and now favor free coinage that mk u
use of silver would advance its bullion
value to its coinage value, but this ex-
pectation was not realized. In a few
months, notwithstanding the unprecedent-
ed market for the silver product in thy
United States, the price of silver went
down very rapidly, reaching a point lower
than ever before. Then, upon the recom-
mendation of President Cleveland, both
political parties united in the repeal of
the purchasing clause of the Sherman law.
We cannot with safety engage in furti.er
experiments In th's direction.
"On the second of August. 1S! . in a
public address. I said if could have
an international ratio which all the 'end-
ing nations of the world would adopt, and
tho true relation be fixed between the two
metals ami all agree upon the quanitlty
of silver which should constitute a dollar,
then silver would be as free and unlim-
ited in its privileges of coinage as gold is
ii... n'li huvo tint been ab ©
people, and should be met with
stern rebuke by those they are sought to
influence, ami 1 believe they will be. Lv-
erv attempt to array class against .lass,
'the classes against the masses, section
against see'J on, laboi against capital, 'the
poor against the rich.' or interest against
Interest in the United States is in the high-
est degree r.-'irehensiblc. It Is opposed to
the national Instinct and Interest and should
be resisted by every clttr.cn. Wc are not
a nation of classes, but of sturdy, tree, in-
dependent and honorable people, despising
the demagogue and never capitulating to
dishonor. This ever recurring effort en-
dangers popular government and Is a
menace to our liberties. It Is not a new
campaign device or party appeal. 1^ Is as
old as government among men. < ut was
never more untimely and unfortunate than
now. Washington warned us against tt
and Webster said in the senau words
which 1 feel are singularly appropriate at
this time: i admonish the people aKalnSt
the object of outcries like th< s 1 ad-
monish every industrious laborer <f th.
country to be on his guard against suc.-i
delusion. 1 tell htm the an. mpt i to play
off his passion against h. interest and tv
prevail on him In the name of liberty to
destroy all the fruits of liberty.'
Protection « f Supreme Importance.
"Another issue of supreme importance
Is that of protection. The peril of free
silver is a menace to be feared We are
already experiencing the effect <>f partial
free trade. The one must be averted, the
other corrected. The It publican party is
wedded to the doctrine of protection and
was never more earnest in Its support ami
advocacy than now. If argument were
needed to strengthen its devotion to 'the
American system' or Increase the hold of
that system upon the party and people, it
is found In the i - n and < iperience of
the past three years. Men realize in their
own daily lives what before was to many
of them onlv report, history or tradition.
trial of both systems
to business
enterprises, suddenly financial distrust and
fear have sprung up on every sid« Nutner-
ons moneyed Institutions have suspended,
because abundant assets were not Imtue-
di-ttiy available to meet the demands oi
frightened depositors. Surviving corpora-
tions and individuals are content to keep
iu hand the money they are usually
anxious to loan, aud those engaged In
legitimate business are surprised to fwd
that th" securities they offer for loans,
though heretofore satisfactory, are no
longer accepted. Values supposed to be
fixed are fast becoming conjectural an 1
loss and failure have Invaded every branch
cf business.'
S(ti i*l 11 iik mill Sodden <iuv.in«'
"What a startling and suddr.o change
within th ' short period of eig'it months
from December, 1892, to An.;-: \ 1893!
What bad occurred? A change of ad-
ministration; all branches of the govern-
ment bad been entrusted to the Democratic
party which was committed against the
protective policy that had prevailed unin-
terruptedly for more than thirty two years
and brought unexampled prosperity to the
country ami firmly pledged to Its complete
overthrow and the substitution of a tiirin
revenue only. The change having
decreed by the elections in November,
its effects were at once anticipated anil felt.
We cannot dose our eyes to these alter-
ed conditions, nor would It be wise to
exclude from contemplation and investiga-
tion the causes which produced them. They
are facts which we cannot, as a people,
disregard, and we can only hope to im-
prove our present condition by a study
of their causes. In December, lS'.'J. we
had the same currency and practically the
same volume of currency that we have
now. It aggregated in 1XH2 $2.1172.i.0i .i 01^;
in 1893 $2,323,000.01)0; In 1894 $2,323.44-,. li-.
and in December. 189."i. $2,194,000,230. The
per capita of money has been practically
the same during this whole period. Hie
quality of the money has been identical
active use of the money coined. No: « pen
mints Tor the unlimited coinage j f he
silver of the world, but open mills l-> il"
full and unrestricted labor of
worklnKinen. The 1 "r.
mints for the coinage of the silver <f
OI l.l would M"I hrinit the nereMtrlM and
eomfortl of life haek to our i.e..pie. h,.
will i■ nly come with the employment ot
,ho musses ami en.li employmertl. e.r-
tain to fid low the rcestabllshment of .1
protective policy which .hall eneouraite
inumifiK turiiiK «t
lost none of its virtues and Important,
New Tariff l.aw Promised.
• The first duty of the Republican par,T.
if restored to power In the country, wlll be
. r h tariff law whuh
tment of a tarllt law
raise all the money necessary to condutl
the government economically and hon'.slly
administered, and so
Terence
government must honor thi-m in their
need an in their wrvice with the respect
and gratitude due to brave noble ai.d self
Mcrlfi. ing men wh > are justly entitled V*
generous aid in their Increasing niceasitlw
Our Mcrehnnt Mnrlnc iintl \n%>.
"The declaration of the H« publican
platform In favor of the up-building «.f
our inert bant marine lias my hearty ap-
proval The policy of discriminating duties
In favor ef our shipping which prevailed
in the early -d out history should
lie again promptly adopted by c.mgwws
and vigorously supported until our preatlpo
and supremacy on th. s, ;.s is fully attalnc.
Wo should no longer contribute directly o:
indirectly to the malnteuam c «>f the coiot -
sal marine of foreign countries, but pro-
vide an efficient and complete marine or
our own. Now that th. American nay>
is assuming a position commensurate with
our Importance «* a nation, a policy
am glad to observe the Republican platform
strongly endorse*, we must sui pieniont .
with a merchant marine that will give
the advantages in both our .oaKtwIso
and foreign trade that we ought natural ,
and properly to enjoy, it should b< at
on o a matter of public policy and nationn
pride to repossess thin Immense and pros-
perous trade.
ljuated a to til*
I,reference to home manufactures unci a.le
auate protection to home labor ,....1 the
home market. We are not committed to
an,- vpeelal ache,lilies or ralee nt duly.
Thev are and should be always .;ub]e,-t lo
change to meet new condition, hut the
principle upon which the rate, of .lu ;( -. e
Imposed remains the same Oill i.n.l
'houid always be high enotmh to measure
lb,- difference between the wanes paid
labor at home and la coin couul.i-s.
and lo adequately protect American in. st-
nienls and American enterprise".
.Iur Farmer. ..".I *he Tariff.
"Our farmers have been hurt by !h«
changes in our tarllt legislation as s. v iro y
as our laborers anil inanufa. tiller.,
as they have suffered. The Republican plat-
form wisely declares in favor nt fucu cn-
■ ouragement to our sugar interest is wl
lead to the production on America,, soil
<|' all the sugar which the American peo-
ple use. It promises to our wool and
woolen Interests '(he most stnple protec-
tion.' a guaranty that ought to commend
If.If lo every patriotic citizen. Never
convention that our
•shall be sustained and thoroughly «d
|,nu.«il> ' iifcicctl. and eMended •torm'
praetl. able.' i In keeping Willi the poal-
II,„1 of ilie party for the past '««■>'*■
vcarr, und will be faltlifully
oiiii.mellts decry the reforms 1 h. v in
p.... willing t,. aba ail.'he -idvantages
gaine I. after so many years aglia l..n an 1
, tfort. They cni-oursge a return t"
metlio.b „f party favoritism which both
parties have often denounced tbet e -
perlcnce has eon.lemne.l, and tbat ti
people repeatedly disapproved rhe R
otilillcen party earnestly opposes tnis r.
act loll and ' HI Irel v niijiisllhabl. policy. It
will take no backward step upon this que*
linn. It will seek to improve, but uevc.
degrade the public service.
t ii ri«i b
elf to every patriotic
more grievous wrong done
all kept equal to gold. There is nothing I farmers of our country than that so
connected with our money, therefore, to I 3l.stly In meted during the paiit three yt
account for this sudden and aggravated •> * (-'
Industrial change Whatever is to be
deprecated lu our Hnancial system, it
i, nst everywhere be admitted that our
money has been absolutely sound and has
brought neither loss nor Inconvenience to
its holders. A depreciated currency lias
not existed to further vex the troubled
business situation.
lni« N Ilnril.
upon the wool growers of America!
though among our most Industrious a
useful citizens, their Interests have hi
, .radically destroyed and our woolen
manufacturers Involved in similar ' i J '"'
At no lime within the past thirty-six_yiar ,
and perhaps never during any Previous
_ i Konn on nifinv of OUT W'OOleU 18
Repul
<;«ioil Moiie>
Mode
the
GBd
to-day. Hut that we have not Thpv hav(, ha() ,r|a| of both systems
scire, and with the free and iiul mite, >nd |(now p>,.„ , , tbern.
coinage of silver adopted .n tn ..\ ..jkimrinn s•. i>i« liircni'll address.
States ai the present ratio, we would be
still further removed from anv interna-
tional agreement. We may never If able
to secure it if wo enter upon the s.date.t
coinage of silver. Tile double el;antar.
implies equality at a ratio and that equal-
ity can only be established by the concur-
rent law nf nations. It was the concurrent
[aw of nations that made the double stand-
aro< i' will require the concurrent law
of nations to reinstate and sustain II.
„ : Nl. of Silver Money.
MeiinknK of ti'*'
"The meaning of the coinage plank adopt-
ed at Chicago i* that anyone may take
quantity of silver bullion now worth o3
cents to the mints of the United States.
have it coined at the expense of the gov
ernment and use It for a silver dollar
which t:hall be legal tender f« r the pay-
ment of all debts, public and private. The
owner of the silver bullion would get the
ailver dollar, it would belong to him and
to nobody else. Other people would get
tt only by their labor, the products of
their land, or something of value. The
bullion owner, on the basis of present val-
ues. would receive the silver dollar for
58 cents' worth of silver and other people
would be required to reoelve it as a Wl
dollar in the payment of debts. The gov-
ernment would get nothing from the trans-
action. It would bear the expense of coin
ing the silver and the community would
suffer loss by Its use.
"We have coined since 1Si8 more than
400 000,000 silver dollar, which ale main-
tained by the government at parity with
roiil and a full legal tender for the f o-
ment of all debts, public and private. How
are the silver dollars now in use different |ir,n.oOQ.4O0 n:ur ihan I lani
from those whlrh would be lu use Had41 ,tu., than Germany;
free coinage? They are to be ot the ame ■
weight and fineness. They are to beat
the same stamp of the government. Why
would they not be of the same value.' 1
answer the ailver dollars now In use were CIU1„„, ,
coined on account of the government and Thl, f;<. • coinage ot .-ll\er in this . ountn
not for private account or gain, and tin would defer, if not defeat im«-. national Li-
Kovernmei.t hai solemnly agree.l I" ' )i.et;>!!ism. and n;r i • '■
them as good as the best dollars we ha\.-, i ment can be nan. <> lutcitsi ' •!
The government bought the silver bullion u„ to maintain our proem standard, ii.
at It? market valui and coined it int ( dependent free com.-.ge nt slh.r .it .1 >.<
silver dollars. Having exclusive control of of i*> ounces of M.vvr to \ ounreo «;id
tho mint.ice it « nly c.ins what It can hold i v I. ,or.. the m- > ; .
with gold. The profit repn- v .lu*:.. of ..or currency It v.uld d -eat
"The Republican party has not been and
is not opposed to the use of silver monev
as Its record abundantly shows. It nas
done all that coubl be done for its ln-
creared use with safety and honor by tr>
tinted States acting apart from other gov-
ernments There are those who think that
it hits already gone beyond the limit ot
financial prudence. Surely we can go no
furtb r. and we must not permit false
lights to lure us across the danger line.
Meant UetfetU of luf eriuit tonn*
"We have much more silver in wse than
any country iu the world except India or
China s.'ioo OOO.O-K) more than Great Brit-
w $400.-
100.000
it-so than India and $iu: , , .
China. The Republican party has declared
in tavor of an International agreement, and.
if elected president, it will be my duty to
employ all proper means to promote
The free coinage -* fgr
ould defer. If n
Washington, in his f
Sept. 17, 17*05, Hio years ago saw: as a
very Vnporta'it soon of stn-ugth and s<«
curity. cherish public credit. One iin tho'l
o! prMervtng it is t<> use it aa sparingly as
possible; avoiding the accumulation of debt
not only by shunning nccaiions of expense,
but by vigorous exertions in time of peace
to discharge the debts which unavoldunle
wars mav have occasioned, not ung:>rier-
ously throwing upon posterity the burden
which we ourselves ought to bear. Ttf
facilitate the enforcement «>l the maxims
«iblch he :innoum . d. be di claied i I*
ess* ntinl that you should practically bear
in uii.nl that toward tin- payment "f deh
there must ne revenue, that 11> have re:,
nue tterc must be taxes; that no taxes can
be devised which at* not ) lore or less in-
convenient or unpleasant: that the In-
trinsic embarrassment inseparable from
the selection of proper ol jects (which is
always a choice cf difficulties) ought to be
a decisive motive for a construction of the
conduct of the government in making it;
and for a spirit of acquiescence in the
measures for obtaining r- venu.. which the
publTt exigencies may at any time dictate.'
lulu I ion Ile-
um inieil.
"Animated by like
m thf country must tu w rai
tiona «.hi<b beset them. rn<
u. ncy* demand! piompt pr ti
tion which will avoid the a..
further debt by providuig ;.-i
mii'B for the expenses of lie-
This rf manlf's* lv th. <■< <|
If elected president .if the iin
will be my aim to vigor..u:-!^
object and give that ample
to the occupatb.
which nliov. all
"It is a mere pretense to attribut
hard times to the fact that all our cur-
rency is on a gold basis. Good money
never made times hard. Tbose who assert
that our present industrial and financial
depression is the result of the gold stand-
ard have not read American history aright,
or been careful ntudent* of the events of
recent years. Wo never bad greater pros-
pi rlty in this country, in every field of
employment and Industry, than In the busy
years from 1K80 to 18!>2, during all of which
time this country was on a gold basis and
employed more gold money in its fiscal
and business operations than ever before.
We had. too. a protective tariff under
which ample revenues were collected for
the government and an accumulating sur-
plus which was constantly applied to the
payment of the public debt. Let us hol.l
fi.Kt to that which we know Is good. It
ta not more money we want; what wo
want is to put the money we already
have at work. When money is employed,
men are employed and botb have always
been steadily und remuneratively engaged
during h 11 the years of protective tarifT
legislation. When those who have money
lack confidence In the stability of values
and Investments, they will not part with
their money. Business is stagnated - the life
blood or trvle !• heeked and congested.
We cannot restore public confidence by
an act which would revolutionize all val-
ues «)•• an act which entails a deficit In
the' public revenues. We cannot Inspire
confidence by advocating repudiation or
practicing dishonesty. We cannot restore
confidence, either to the treasury or to
the people without a change in our present
tariff legislation.
Kvil of I lie lleiimeriitie TnrilT.
"The only measure of a general nature
that affected the treasury and the employ-
ment of our people passed by the Fifty-
third <■«.;,gi". was th.. C.encral Tariff act
Which did not receive- the approval of the
president Whatever virtue* may be
Claim, i fOT that thdv is COttft ' 1 ■'
one which It does not possess. It la'ks
the essential virtue of Its .Teatlou the
nue sufficient to supply the
government. It lias at no
enough revenue for such
a constant defi
tories been suspended as now
ilean party can be relied upon to coin,
these great wrongs, if again entrusted
with the control of congress.
\ ppenl to Patriotism
"Then « . other Important J ml Uwel
,1, , I 11,. i lalloin, til.;t i cat,
her, di, ... I m ii hi m oell
wIIh saylnt- that the. have my a,. MVa'
I, l|,.|,ohllean«. «e have lately a,I
die..e,l our attention, vvith "hat n T
-..in great etress and earnestness, to ti
I i , w and uncxpet ted assault upon th'
I flnanelal Integrity ot the government w>
■ I have done It hecauac the mcnac l "
crave a to demand espwlal ♦•onsideratlor
and because we are convinced that If th'*
people are aroused to the true understami
•,ig .ml "".rinlng ol this silver Inllatlon
lm vcment they will avert the t..nger
doing this - •• frel that we rend." * ~
S. rviee possible to the country, a
p.al to i.v intelligence, cons.
patriotism <-f the peopb
eiproell >
he bost
d we ap
snca and
Irrespective
for their
est sui,-
of the
at a parity
f the
the benefit of the p
senting the
mere la 1 va
face value of tin
government for
The government
contained lu tt
much less than its coinage
out to Its creditors and put It in
tlon among the people at
d the > now;
the
of |
ided
affairs.
Happy< •
"In Dec
of
iiulil lull** In lie*
raising of revi
needs of the
time provided
needs, but it
clency in the
tdetlon in th.
It has contril
debt more tha
as great as I
from Washing
our foreign v.
the rebel 11. i.
h> ma hu
cultural prodi
has I. .-n ai
has causi
treasury
earnings
nited to
and a st.
i.f labor a
ady de-
id land,
national
i nearly
Lincoln, Including all
Adviiutiig« of It
"Another declaration of the Republican
platform that has my most cordlalBUpport
Is that which favors reciprocity. The spl i
did results of tne reciprocity arrnngemen s
that were made under authority of
tariff law ol IKf'O are striking and sug-
irestlve The brief period they were In
force. In moat eaaca only H.ree yearn. «
not lonK enough to thornuKhly tea. their
Cleat value, bul aulhelcnt waB ahoan by
The trial to conol.ii.lv.dy demonstrate th,
Importance and .he v. is,loin of their adop-
tion. In 1*1.2. the export trade of the Unit-
ed Stares attained the hlKhcat point in our
hiHlory. The aKKreKate nt our ex porta that
\far reached the Immense sum or *t,o.iu.-
278 148™ aunt greater by 100,(100,000 than
the exporta of any previous year. In 1X9.1,
owIiik to 'he threal of unfriendly tarlif 1,'k-
lalallon. the total t„ JM, ut
Our exporta of donieatlc men hnndiao d -
creased $1SI> 000.000, but reciprocity still
secured us a lurtse trade in Central and
South America, and u hire r trade with
the West Indies than we had ever befor.
enloved. The Increase of trade with the
countries with which we had reciprocity
agreements was ..!• over our tra< e
in 1SJI2 and $115,440,721 over our rade in
lx'il The only countries with which the
United States traded that showed Increased
exports In 1893 were practically those with
which we ha.l reciprocity arrangements.
The reciprocity treaty between this coun-
try and Spain, touching the markets of
Cuba and Puerto Rico, was announced
Sept. 1. 18 1. The growth of our trade
with Cuba was phenomenal In lS'il we
sold tbat country but 114.111 barrels of
flour; in 1HH2. 36«,17o; In 1893, 616,408 and
In 1894, «HL'.'248. Here was a growth of
nearly r.()0 per cent., while our exportation*
of Hour to Cuba for the year ending June
30. 189.1, the year following the repeal of
the reciprocity treaty, fell to 379,8f.6 bar-
rels. a loss of nearly hair our trade with
that country. The value of our total ex-
ports of merchandise from the United
States to Cuba in 1891 the year prior to
the negotiation of the reciprocity treaty
was $11' -.4 888 In 1892, $17.9r,:i .'.79: In 189.'{,
$:i l.Y7. ';9V in 1894. $20.1-"' but lu 18'tr,.
alter the annulment of the reciprocity
agreement, It fell to only $12,8^7.681. Many
similar examples might b- given of
increased trade under reciprocity *uu
other countries, but < nough has been
fhown of the efficacy of the legislation of
1890 to justify the speedy restoration of
It* :.. iprot it) I I roy Judgment
(on«r«'ys should immediately restore the
r,, h.rocitv h.ect ion of t ii
It \\ ill Malntntn lav
mi.I 11 file i
"We avoid no lasues. NVe meet the sm -
den danger., i and revulutloiiary assault
upon law and order, and upon those to
whom i* ci i fid-d by ill- constitution and
laws th I : " • r iIy to uphold and maintain
them which our opponent# ha\•• made,
with the sat;., courage that we havi faced
every cmergeticy since our organization
a party, more than forty yeai> ago. Gov-
ernment by law must first b. aswirot*.
everything else can wait. The spirit of
lawlessness must bi extinguished by the
fires of an i.i.selfish and lofty patriotism.
Kvety attack upon the public faith ami
every suggestion of th* rapudiatlon of
debts, publi. -r privat- i ust b. rebuked
by ill men win bcllev that boniesty Is th*
best, policy ' : who lov. the . country and
would preserve unsullied Its national
honor.
ctio
lih.ni Alniont l lilM«THteil.
• y ir to he congratulated upon
The
almost total obliteration oi
•h. whl-ii lor many ytars to;
division of the Unltwl Stnt
and free t>
Its part it I.
by
tlonui
Led the
!o slave
finally threatened
separat. govern •
dea l
The
earnestly de:
other gren*
happily . mi
ami hostll. •
cry where ...
return. N •
give Btrengt
and add to
of our fro
tlon of cord
pie of all
country. 1!
people to
office of pr
. i nciliation, so
. (1 by den. Grant
mler«, North and
aud th. reeling <
between the
long arul
ii.>1 ina •
iouth. hi-
f distrust
us Is e.-
to
niahing, let us hope
i.ing is better calculated •'
ti to the nation at home, in-
; wer and Infiuence abroad
the permanency ' " '*
institutlonr, than
,u' relation* bet en the im .
i and pa rta of ■ ir beloved
il by the suffrages of th"
- ,?i.• - the dutle of the hig/i
if
id pre
und.
lying i
:ust, how . V
i to afford
gricultural
. ithout los
id ex-
*. The
legislation
\cd. It
day'i
pro. i
bought the silver bullion i the Republican party to take irom tne cu
. silver dollar at very culatln.L medium of tin .ountiy any ' , i.
a coinage value. It paid it i silver we now have; en the contrary, it
iu
1 to keep all of the silver mt
Irculation on tho parity with
the
;old
Tm MU. or a tu'll dollar. I. renuired by n.ali. ,l„lw th- rl-jv; ^ . ..., „
A . " it as leiral tender, ment that all of it ana.. d< « juai , . a
a ti able and (*:
ultion and t-
I «tated our sit
jam sure it wi
official and
never has b.
b... 'when v.-oi
purt
A .talk of
bollb W8*
J. M.|
eu&t
Sa'r t
,IQB.
.nil •
of 9'
the people to accept It as legal tender,
and la thus morally bound to maintain .t
at a parity with gold, which was then, as
now, the recognized standard with us and
the most enlightened nations of the world.
"The government having issued and cir-
, ulated the silver dollar. It must In honor
oroteet the holder from loss. This obllca-
tlon It has so f«r sacredly kert. f>ot only
la there a moral obligation but there Is a
legal obligation, expressed In public ftat-
ute, to malntalD tbA parity.
policy of th.
ment that
This has been the
Republican party sb . .. is,s. it ni in-
augurated no new policy, it will keep In
circulation and as good as gold nil cf the
silver and paper money which arc now in-
cluded In the currency of the country, it
will maintain their parity. It will preserve
their equality in the future as it has al-
ways done In the past. It will net consent
to put this country on a silver basis w .lch
would Inevitably foil
omfo
llf.
|nden# ndent free
of prices nan "
agriculture a f^-*' participi
era! prosperity. The
plants established since <
up to Oct. 22, 189:', niim'
extensions of existing plan
capital Invested amounts
anil the number of addi
ii, and the
The new
$40,446,060,
190, was $213,-
of lWG a loss
1,345. The net
Of the Unite l
during the fir.-.!
the tariff ol
1804. &£ '•oin
months of th
been largo, t
I with the first fifte
riff o* i f0 Tho Ion
reat bodies
who have
cttlxe
progress and power
while we welcome to
disposed aud induatr
contributes by his • n
<cs of the
he public
■ has ro-
ulustrlous
.. wealth,
ntry, and
tho well
can
S!
•ho
.ml
NS
.ho
I
<?$
V
y
y
&
v
i
if
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Gilstrap, H. B. & Gilstrap, Effie. The Chandler News. (Chandler, Okla.), Vol. 6, No. 1, Ed. 1 Friday, September 25, 1896, newspaper, September 25, 1896; Chandler, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc115308/m1/3/?rotate=270: accessed April 25, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.