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against both, and national safety as well as domestic security Is to be found In the careful observance of the limita tions which they lmpose.lt will be noticed that while the United States guaran tees to every state a republican form of government and is empowered to pro tect each state against invasion, it Is not authorized to Interfere in the domes tic affairs of any state except upon the application of the executive when the legislature can not be convened. This provision rests upon the sound theory that the people of the state, act ing through their legally chosen repre sentatives, are, because of their more In- tlmate acquaintance with local condi tions, better qualified than the president to Judge of the necessity for federal as sistance. Those who framed our consti tution wisely determined to make as broad an application of the principles of looal self government as circumstan ces would permit, and we cannot dis pute the correctness of the position taken by them without expressing a distrust of the people themselves. ECONOMY Since governments exist for the pro tection of the rights of the people and not for their spoliation, no expenditure of public money can be justified unless that expenditure is necessary for the honest, economical and efficient admin istration of the government. In deter mining what appropriations are neces sary the interest of those ho pay the taxes should be consulted, rather than the wishes of those who receive or dis burse public monies. An increase in the bonded debt of the United States at this time Is entirely without excuse. The Issue of interest bearing bonds within the past few years has been defended on the ground that they were necessary to secure gold with which to redeem United tates notes and treasury notes, but this neces sity has been imaginary rather flian real. Insteod of exercising the legal right vested in the United States to redeem its coin In either gold or silver, the execu tive branch of the government has fol lowed a precedent established by a for mer administration and surrendered the option to the holder of the obligations. This administrative policy leaves the government at the mercy of those who find a pecuniary profit in bond issues. The fact that the dealers In money and securities have been able to deplete or protect the treasury according to their changing whims, shows how dangerous it Is to permit them to exercise a control ling influence over the treasury depart ment. The government of the United States, when administered in the in terest of all the people, is able to estab lish and enforce its financial policy not only without the aid of syndicates, but lv spite of any position which syndicates may present. To assort that the gov ernment is dependent upon the good will or assistance of any portion of the peo ple, other than a constitutional majar ple, other than a constitutional major ment In form but without vital force. NATIONAL BANK CURRENCY. The position taken by the platform against the Issue of paper money by na tional banks is supported by the high- est Democratic authority, as well as de manded by the Interests of the people. The present attempts of the national banks to force the retirement of the United States notes and treasury notes In order to secure a basis for a larger issue of their own notes, illustrates the danger which arises from permitting them to issue their paper as a circulat ing medium. The national bank note, baing redeemable In lawful money, has never been better than tho United States note which stands behind it, and yet the banks persistently demand that those United States notes which draw no in terest shall give place to interest-bear ing bonds In order that the banks may collect the interest which the people now save. To empower national banks to issue circulating notes is to grant a val uable privilege to a favored class, sur render to private corporations, the con trol over the volume of paper money and build up a class which will claim a vest ed interest in the nation's financial pol icy. Our United States notes commonly known as greenbacks, being redeema ble in either gold or silver at the option of the government and not at the option of the holder, are safer and cheaper for the people than national bank notes based upon interest-bearing bonds. THE MONROE DOCTRINE. A dignified but firm maintenance of the foreign policy set forth by President Monroe and reiterated by the presidents who have succeeded him, Instead of arousing hostility abroad, is the best guarantee of amicable relations with other nations. It is better for all con cerned that the United States should re sist any extension of European author ity In the western hemisphere rather than invite the continual irritation which would necessarily result from any attempt to increase the influence of monarchical Institutions over that por tion of the Americas which had been dedicated to republican government. PENSIONS. No nation can afford to be unjust to Its defenders. The care of those who have suffered Injury In the military and naval service of the country is a sacred duty. A nation which, like the United States, relies upon voluntary service rather than upon a large standing army, adds to Its own security when it makes generous provision for those who have risked their lives in Its defense and for those who are dependent upon them. PRODUCERS OP WEALTH. Labor creates capital. Until wealth is produced by the application of brain and muscle to the resources of this country their is nothing to divide among the non-producing classes of society. The producers of wealth create the nation's prosperity in time of peace, and defend the nation's flag in time of peril, their interests ought at ail times to be consid ered by those who stand in official posi tions. The Democrattc party has ever found its voting strength among those who are proud to be known as the oom mon people, and it pledges itself to pro pose and enact such legislation as is necessary to protect the masses In the free cxercisexif every political right and In the enjoyment of their just share of the rewards of their labor. ARBITRATION. I desire to give special emphasis to the plank which recommends such legislation as is necessary to se cure the arbitration of differ ences between employers engaged in in terstate commerce and their employes. Arbitration Is not a new Idea—it is simply an extension of the court of Justice. The laboring men of the coun try have expressed) a desire for arbitra tion and the railroads cannot reason ably object to the deolslons of an Impar tial tribunal. Society has an interest even graver than the interest of the employer or employe, and has a right to protect Itself by courts of arbitration against the growing inconvenience and embar assment occasioned by disputes between those who own the great arteries of com merce on the one hand and the laborers who operate them on tho other. IMMIGRATION While the Democratic party welcomes to the country those who come with love for our nstltutions and with the deter mination and ability to contribute to the strength and greatness! of our nation, it is opposed to the dumping of the crimi nal classes upon our shores and to the importation of either pauper or con tract labor to compete with American la bor. INJUNCTIONS The recent abuses which have grown out of injunction proceedings, have been so emphatically condemned by public opinion that the senate bill providing for trial by jury in certain contempt cases will meet with general approval. TRUSTS The Democratic, party is opposed to trusts. It would be recreant to the people of the country if it recognized either the legal or moral right of these aggrega tions of wealth to stifle competition, bankrupt rivals, and then prey upon so ciety. Corporations are the creatures of law. and they must not be permitted to pass from under the control of the pow er which created them. They are per mitted to exist upon the theory that' they advance the public weal, and they must not be allowed to use their powers for the public injury. RAILROADS The right of the United States govern ment to regulate commerce cannot be questioned, and the necessity for the vigorous exercise of that right is be coming more and more imperative. The interests of the whole people require such an enlargement of the powers of the interstate commerce commission as will enable it to prevent discrimination between persons and places and protect patrons from unreasonable charges. The government cannot afford to dis criminate between its debtors, and must therefore prosecute its legal claims against the Pacific roads. Such a policy is necessary for the protection of the rights of the patrons as well as for the interests of the government. CUBA The people of the United States, happy in the enjoyment of the blesslngcs of free government, feel a generous sym- pathy towards all who are endeavoring to secure like blessings for themselves. This sympathy, while respecting all the treaty obligations, is especially active and earnest when excited by the strug gles of neighboring peoples, who, like the Cubans, are near enough to observe the working of a government which de rives all its authority from the consent of the governed. CIVIL SERVICE That the American people are not in favor of life tenure in the civil service is evident from the fact that- they as a rule make frequent changes In their offi cial representatives when those repre sentatives are chosen by ballot. A per manent office holding class is not in harmony with our institutions. A fixed term in appointive offices, except where the federal constitution provides other wise, would open the public service to a larger number of citizens without im pairing its efficiency. THE TERRITORIES The territorial form of government Is temporary in its nature and should give way as soon as the territory Is sufficient ly advanced to take its place among the states. New Mexico, Oklahoma and Arizona are entitled to statehood, and their early admission is demanded by their political and material interests. The demand of the platform that offi cials appointed to administer the gov ernment of the territories, the District of Columbia and Alaska should be bona fide residents of the territory or district Is entirely within the Demo cratic doctrine of home rule. I am en tirely in sympathy with the declaration that all public lands should be reserved for the establishment of free homes for American citizens. WATERWAYS The policy of improving the great waterways of the country Is justified by the national character of those water ways and the enormous tonnage borne tipon them. Experience has demon strated, that continuing appropriations are in the'ond more economical that sin gle appropriations, separated by long lntrevals. THE TARIFF It is not necessary to discuss the tariff question at this time. AVhatever may be the individual views of citizens as to the relative merits of protection and tar iff reform, all must recognize that until the money question is fully and finally settled, the American people will not consent to the consideration of any im portant question. Taxation presents a problem which in some form is contin uously present, and a postponement of definite action upon it involves no sac rifice of personal opinion or political principles; but the crisis presented by financial conditions cannot be postponed. Tremendous results will follow the ac tion taken by the United State's on the money question, and delay Is impossi ble. The people of this nation, sitting as a high court, must render judgment In the cause which greed is prosecuting against humanity. The decision Will either give hope and inspiration to those who toil, or "shut the doors of mercy on mankind." In the presence of this over shadowing issue, differences of opinion upon minor questions must bo laid aside in order that there may be united ac tion among those who are determined that progress toward a universal gold standard shall be stayed and the gold and silver coinage of the constitution be restored. Democrats Resign INDIANAPOLIS, Ind., Sept. 9.—Sterl ing R. Holt has resigned as chairman of the Democratic state committee. Rufus Magee, member of the committee from the Eleventh district, has also resigned and other resignations of members of the committee who feel that they cannot en dorse the Chicago platform may be looked for. Bourke'e Next Speech OMAHA, Neb., Sept. 9.—Arrangements were completed today for the speech to he delivered In Omaha by Bourke Cockran of New York next Monday night. The Col iseum has been engaged with accommo dations to seat 10.000 people. J. Sterling Morton will preside. The (Sold Reserve WASHINGTON. Sept. 9.—The treasury today lost JiR.TOO In gold coin und 136,900 lii bars,which leaves the true amount of gold. Including deposits In exchange for cur rency $100,171,057. Paint, buggy, 76c. 328 S. Spring. LOS ANGELES HERATJD: THURSDAY MOKNTSTCr. SEPTEMBER 10; lOTH.*! MR. HOBART HAS BEEN BUSY He Took his Pen in Hand and Wrote MIS VIEWS ON THE SITUATION Now That the Coinage Campaign Is Fully on As It Was His Only Chance He Wrote All He Knew and • Lot That Ha Guessed at Associated Press Special Wire PATERSON, N. J., Sept. 9.—Mr. Ho bart has made public the following let tnr: PATERSON, N. J., Sept. 10. Hon. Charles W. Fairbanks and Others of the Notification Committee of the Republican Convention: Gentlemen—l have already, In accept ing the nomination for tho office of the vice-presidency, tendered me by the na tional Republican convention, expressed my approval of the platform adopted by that body as the party basis of doctrine. In accordance with accepted usage, I beg now to supplement that brief state ment of my views with some additional reflections of views on the questions which are In debate before the American people. The platform declarations in reference to the money question express ciearly and unmistakably the attitude of the Republican party as to this su premely important subject. We stand unqualifiedly for honesty in finance, and the permanent adjustment of our mon etary system in the multifarious activ ities of trade and commerce, to-the exist ing gold standard of value. We hold that every dollar of currency issued by the United States, whether of gold, silver or paper, must be worth a dollar in gold, whether in the pocket of the man who toils for his daily bread, in the vaults of the savings bank which holds hte de posits, or in the exchanges of the world. The money standard of a great nation should be as fixed and permanent as the nation itself. To secure and retain the best should be the desire of every right-minded citizen. Resting on stable foundations, continuous and unvarying certainty of value should be its distin guishing characteristic. The experi ence of all history confirms the truth that every coin made under any law, howsoever that coin may be stamped, will finally command In the markets of the world the exact value of the mate rials which compose it. The dollar of our currency, whether of gold or silver, should be of the full value of one hun dred cents, and by so much as any dol lar is worth less than this in the mar ket, by precisely that sum will some one be defrauded. The necessity of a certain and fixed money value between nations as well as individuals has grown out of the in terchange of commodities, the trade and business relationships which have arisen among the peoples of the world with the enlargement of human wants and the broadening of human interests. This necessity has made gold the final standard of all enlightened nations. Other metals, including silver, have a recognized commercial value, and sil ver, especially, has a value of great im portance for subsidiary coin. In view of a sedulous effort by the advocates of free coinage to create a contrary im pression ,lt cannot be too strongly em phasized that the Republican party in its platform affirms this value in sli ver, and favors the largest possible use of this metal as actual money that can be maintained with safety. Not only this, it will not antagonize, but will gladly assist In promoting a double standard whenever It can be secured by agreement and co-operation among the nations. The bimetallic currency, involving the free use of silver,which we now have, is cordially approved by Republicans, but a standard and a cur rency are vastly different things. If we are to continue to hold our places among the great commercial nations we must cease Juggling with this question and make our honesty of purpose clear to the world. No room should be left for mis conception as to the meaning of tho lan guage used in the bonds of tho govern ment not yet matured. It should not be possible for any party or individual to raise a question as to the purpose of the country to pay all its obligations in the best form of money recognized by the commercial world. Any nation which is worthy of credit or confidence can afford to say explicitly on a question vi tal to every interest what it means when such a meaning is challenged or doubt ed. It is desirable that we should make it known at once and authoritatively that an "honest dollar" means any dol lar equivalent to a gold dollar of the present standard of weight and fineness. The world should likewise be assured that the standard dollar of America is an indexible quantity as the French Na poleon, tho British sovereign or the Ger man twenty-mark piece. The free coinage of silver at the ratio ot 16 to 1 is a policy which no nation has ever before proposed, and It is not today permitted in any mint In tha world, not even in Mexico. It is pur posed to make the coinage unlimited, at an absolutely fictitious ratio, fixed with no reference to intrinsic value or pledge of ultimate redemption. With silver at its present price of less than seventy cents per ounce in the market, such a policy means an immediate profit to the seller of silver, for which there is no return now- or hereafter to the people or the government: it means that for each dollar's worth of silver bullion delivered at the mint proctieally two dollars' worth of stamped coin will be given in exchange; for one hundred dol lars' worth of bullion, nearly two hun dred sliver dollars will be delivered. Let it also be remembered that the conse quences of such an act would probably be cumulative in their effects. The crop of silver, unlike that of hay or wheat or corn, which, being of yearly production, can be regulated by the law of supply and demand, is fixed once for all. The silver which has not yet been gathered Ik in the ground. Drouth or other ac cident of the elements cannot augment or diminish it. Is it not more than probable that, with the enormous pre mium offered for its mining, the cupid ity of man would make an over-supply I continuously, with the necessary result of a steady depression as long as the silver dollar could be kept in circula tion at all? Under the laws of finance which are as fixed as those of any other science, the inevitable result will be fin ally a currency all and absolutely fiat. Ther Is no difference in principle be tween a dollar half fiat nnd one all fiat. The latter, as the cheapest, under the logic of "cheap money" would surely drive the other out. Any attempt on the part of the gov ernment to create by its flat money fic titious value, would dishonor us In the eyes of other people and bring Infinite reproach on the national character. The business and financial consequences of such an Immoral act would be world wide because our commercial relations are world-wide. All our settlements with other lands must be made, not with the money which may be legally cur rent in our own country, but in gold, the standard of all nations with which our relations are most cordial and exten sive, and no legislative enactment can free us from that inevitable necessity, It Is a fact that more than 80 per cent of the commerce of the world is settled in gold or on a gold basis. Such a free coinage legislation, if ever consummated, would discriminate against every producer of wheat, cot ton, corn or rye—who should in Justice be equally entitled, with the silver own er, to sell his products to the United States at a profit fixed by the govern "ment —andi against all producers of iron, steel, zinc or copper, who might prop erly claim to have their metals made Into current coin. It would as well be a fraud upon all persons forced to ac cept a currency thus stimulated and at the same time degraded. In every aspect the proposed policy Is partial and one sided, because it Is only when a profit can be made by a mine owner or dealer that he takes his silver to the mint for coinage. The gov ernment is always at the losing end. Stamp such fictitious value on silver ore, and a dishonest and unjust discrimina tion will be. made against every other form of industry. When silver and bul lion, worth a little more than 50 cents, is made into a legal tender dollar, driv ing out one having a purchasing and debt paying power of 100 cents. It will clearly be done at the expense and in- Jury of every class of the community. Those who contetnd for the free and unlimited coinage of silver, may believe in all honesty, that while the present ratio of silver to gold Is as 30 to 1 (not 16 to 1) silver will rise above the existing market value. If It does so rise the effect will be to make the loss to all the people so much less, but such an opinion is a hazardous conjecture at best and Is not justified by experience. Within the last twenty years this government has bought about 40,000.000 of silver dolla.s and Issued 130,000,000 of dollars in silver certificates, and the price of the metal has steadily declined from $1.15 per ounce to 68 cents per ounce. What will be the decline when the supply is aug mented by the offerings of all the world? The loss upon these silver pur chases to the people of this country has now been nearly $150,000,000. The dollar of our fathers, about which so much has been said, was an honest dollar, sliver maintaining a full parity of intrinsic value with gold. The fathers would have spurned and ridiculed a proposition to make a silver dollar worth only 53 cents stnd with equal value with a gold one worth 100 cents. The experience of all nations proves that any depreciation, however slight, of another standard from the parity with gold, has driven the more valued one out of circulation and much experience in a matter of this kind is worth much more than mere Interested speculative opinion. The fact that few gold coins are seen in ordinary circula tion for domestic uses is no proof at all that the metal is not performing a most important function in business af fairs. The foundation of the house is not always in sight, but the house would not stand an hour if there were ro foun dation. The great engineering that moves the ocean steamship Is not al ways in view of the passenger, but it is all the same, the propelling force of the vessel without which it would soon become a worthiest! derelect. It may be instructive to consider a moment that free and unlimited coinage of silver would affect a few great inter ests, and I mention only enough to dem onstrate why a calamity may lie before us if the platform adopted at Chicago is carried out. There are now on de- j posit in the savings banks of thirty three states and territories of this union the vast sum of 52.000.000.000. These are the savings of almost five million de positors. In may cases they represent the labor and economies of years. Any depreciation in the value of the dollar would defraud every man. woman and child to whom these savings belong. Every dollar of their earnings when de posited was worth one hundred cents in gold of the present standard of weight and fineness. Are they not enti tled to receive In full, with Interest, all they have so deposited? Any legis lation that would reduce it by the value of a single dime would bo an intolerable wrong to each depositor. Every baniv or banker who has accepted the earn ings of these millions of dollars to the credit of our citizens must be required to pay them back in money not one whit less valuable than that which these banks and bankers received in tiust. There are in this country nearly six thousand building and loan associations with shareholders to the number of 1,800,000 and with assets amounting to more than 1600,000,000. Their average of holdings is nearly $300 per capita, and in many cases they represent the savings of men and women who have denied themselves the comforts of life In the hope of being able to accumulate enough to buy or build homes of their own. They have aided In the erection of over a million of houses, which are now affording shelter and comfort for Aye millions of thrifty people. Free coinage at the arbitrary ratio of sixteen ounces of silver to one ounce of gold would be equivalent to the con fiscation of nearly half the savings that these people have Invested. It would be tantamount to a war upon Ameri can home-makers. It would be an inva sion of "the homes of the provident" and tend directly to "destroy the stim ulus to endeavor and the compensation of honest toil." Every one of the shareholders of these associations is entitled to be repaid in money of the same value which he de posited by weekly payments or other wise in these companies. No one of them should be homeless because a po ■ ..Vical party demands a change In the money standard ot our country as an experiment or as a concession to self ishness or greed. The magnitude ot the disaster which would overtake these and cognate in terests become the more strikingly ap parent when considered in the aggre gate. Stated broadly, the savings banks, life insurance and assessment companies and building and loan asso ciations of the country hold in trust $15,309,717,381. The debasement of the currency to a silver basiß as proposed by the Chicago platform would wipe nut at one blow approximately $7,963,540,856 of the aggregate. According to the re port of the department of agriculture the total value of the main cereal crops in this country in 1594 was $99,".,435,107. So that the total sum belonging to the people and held in trust in these insti tutions, which would be obliterated by the triumph of f reo and unlimited coin age of silver would be seven and a half times the total value of the annual cereal crop of the United States. The total value of the manufactured prod ucts of the country for the census year 1890, was $9,372,537,283. The establish ment of a silver basis of value as now proposed, would entail a loss to these three interests alone equal to 85 percent of this enormous output of all the man ufacturing industries of the union and would affect directly nearly one-third of its whole population. One hundred and forty millions of dol lars per annum are due to pensioners of the late war. That sum represents blood spilled and sufferings endured in order to preserve this nation from disintegra tion. In many cases the sums so paid in pensions are exceedingly small; In few. If any, are they excessive. The spirit that would deplete these to the extent of a farthing Is the same that would organize sedition, destroy the peace and security of the country, pun ish rather than reward our veteran sol diers and is unworthy of the counte nance, by thought or vote, of any pa triotic citizen of whatever political faith. No party, until that which met In convention in Chicago, has ever ven tured to insult the honored survivors of our struggle for the national life by proposing to scale the pensions hori zontally and to pay them hereafter in depreciated dollars worth only 53 cents each. The amounts due, in addition to the interests already named, to deposi tors and trust companies in national, state and private banks, the holders of fire and accident insurance policies, to holders of industrial. insurance, where the money deposited or the premiums have been paid in gold or Its equiva lent, are so enormous, together with the sums due and to become due, for state, municipal or county or other cor pvrate debts, that if paid In depreciated silver or its equivalent, it would not only entail upon our fellow countryrrlen a loss in money which has not been equaled in a similar experience since the world began, but it would at the same time bring a disgrace to our country such as had never befallen any other nation which has the ability to pay its honest debts. In our condition and con sidering our magnificence capacity for raising revenue, such wholesale re pudiation is without necessity or excuse. No political expediency or party ex igency, however pressing, could Justify such a monstrous act. These deposits and debts under the platform of the Republican party would be met and adjusted in the best currency the world knows and measured by the same standard in which the debts have been contracted or the deposits or pay ments have been made. Still dealing sparingly with figures, of which there is an enormous mass to sustain the position of the advocates of the gold standard of value, I cite one more fact, which is officially establish ed, premised by the truism that there is no better test of the growth of a country's prosperity than its increase in the per capita holdings of its popula tion. In the decade between ISBO and 1880, during which we have our exist ing gold standard and were under the conditions that supervened from the act of 1573, the per capita ownings of this country increased from $8.70 to $10.36. In those ten years the. aggregate increase in tho wealth of our country was $21, --395,000,00. being 50 per cent in excess of the increase of any previous ten years since If 50, and at the amazing rale of over two thousand millions of dollars | per year. The framers of the Chicago platform In the face of this fact and of I the enormous Increase over Great Brl- I tain durng this same gold standard de- I cade of our country's foreign trade an 1 | its production of Iron, coal and other ! symbols of national strength and prog ress, asserts that our monetary stand- I ard is "not only un-American, but antl j American," and that it has brought us | into "financial servitude to London." It lis impossible to imagine an assertion | more reckless and indefensible. ! The proposition for free and unlimited | silver coinage, carried to Its logical con ! elusion, and but one is possible, means as before Intimated, legislative war rant for the repudiation of all existing indebtedness, nubile and private, to tho extent of nearly 50 per cent of the face I of all such Indebtedness. It demands j an unlimited volume of Hat currency. ! irredeemable, and therefore without any standard value in the markets of j the world. Every consideration of pub 11c interest and public honoj demands that this proposition should be rejected | by the American people. This country i cannot afford to give Its sanction vo ; wholesale spoliation. It must hold fast ! to its integrity. It must still encourage thrift in all proper ways. .It must not | only educate its children to honor and ] respect the Hag, but It should Inculcate I fidelity to the obligations of personal < anil national honor as well. Both these ! great principles should hereafter bu taught in the common schools of the j land and the lessons impressed upon those who are the voters of today an t those who are to become the inheritors I of sovereign power In this republic that J it is neither wise nor safe to make po- ; ' litical platforms the mediums of as- I ; sault upon property, the peace of so ciety and upon civilization itself. 1 Until these lessons have been learned Iby our children and by those who have reached the voting age it can be only j surmised what enlightened statesmen j and political economists will record sis Ito the action of a party convention I which offers an Inducement to national dtshoniVty by a premium of 47 cents for every 53 cents worth of sliver that can be extracted from the bowels of the earth, with a cordial Invitation to all to produce it at our mints and accept for It a full sliver legal tender dollar of 100 cents rated value, to be coined free o? charge and unlimited In quantity for private account Dut vastly more than a mere assertion of a purpose to reconstruct the national currency is suggested by the Chicago platform. It assumes. In fact, the form of a revolutionary propaganda. It em bodies a menace of national disintegra tion and destruction. This spirit mani fested itself In a deliberate proposition to repudiate the plighted public faith, to impair the sanctity of the obligation of private contracts, to cripple the credit of the nation by stripping the govern ment of the power to borrow as the ur gent exigencies of the treasury may re quire and, In a word, to overthrow all the foundations of financial and Indus trial stability. Nor is this all. Not content with a proposition to debauch the currency and to unsettle all conditions of trade and commerce, the party responsible for this platform denies the competency of the government to protect the lives and property of Its citizens against Internal disorder and violence. It assails the Judicial monuments reared by the constitution for the de fense of individual rights and the public welfare, and It even threatens to destroy the integrity and independence of the supreme court, which has been consid ered the last refuge of the citizen against any form of outrage and injustice. In the face of the serious peril which these propositions embody, it would seem that there could be but one sen timent among right thinking citizens, as to the duty of the hour, all men, of what ever party, who believe in law. and have Borne regard for the sacredness of indi vidual and Institutional rlghtts, must unite in defense of the endangered in terests of the nation. While the financial issue which has thus been considered and which has come, as the result of the agitation of recent years, to occupy a peculiar con splcuousness, is admittedly of primary importance, there Is another question which must command careful and seri ous attention. Our financial and busi ness condition is at this moment one of almost unprecedented depression. Our great Industrial system is seriously par alyzed. Production in many important blanches of manufacture has almost ceased. Capital is without remunera tive employment. Labor is idle. The revenues of the government are Insuffi cient to meet Its ordinary and necessary expenses. These conditions are not the result of accident. They are the out come of a mistaken economic policy deliberately enacted and applied. It would not be difficult and would not in volve any violent disturbance of our existing commercial system, to enact necessary tariff modifications along the lines of experience. For the first two fiscal years of the so called McKinley tariff, the receipts from customs were $380,607,980. At this writ ing the Wilson tariff act has been in force for nearly two full fiscal years; but the total receipts, actual and estlmated.can not exceed $312,441,947. A steady deficit constantly depleting the resources of the government and trenching even upon its gold reserve, has brought about pub lic distrust and business disaster. It has also necessitated the sale ot $262,000,000 of bonds, thereby Increasing to that ex tent the national debt. It will be re membered that in no year of more hnn a quarter of a century of continuous Republican administration succeeding the civil Avar, when our industries were disintegrated and all the condition of business were more or less disturbed, was the national debt Increased by a single dollar; It was, on the contrary, steadily and rapidly diminished. In such a condition of affairs as this, it is idle to argue against the necessity of some sort of a change in our fiscal laws. The Democratic party declares for a remedy by direcet taxation upon select ed classes of citizens. It opposes any application of the protective principle. Our party holds that by a wise adjust ment of the tariff, conceived in modera tion and with a view to stability, we may secure all needed revenue, and it declares that in the event or its restoration to power it will seek to accomplish that re sult. It holds, too, that it is the duty of he government to protect and encour age In all practicable ways the develop ment of domestic industries, the eleva tion of home labor and the enlargement of the prosperity of the people. It does not favor any form of legislation which I would lodge In the government the j power to do what the people ought to do for themselves, but it believes that it is both wise and patriotic to discrimi nate in favor of our material resour ces and the utilization under the best attainable conditions of our own capi at and our own available skill and indus try. The words of the Republican national platform on this subject are at once temperate and emphatic. It says of the policy of protection: "In its reason able application it is just, fair and Im partial, equally opposed to foreign con trol and domestic monopoly, to section al discrimination and individual favorit ism." We demand such an equitable tariff on foreign imports which come into competition with American products as | will not only furnish adequate revenue ! for the nccesso.ry expenses of the gov | eminent but will protect American la | bor from degradation to the wage level lof other lands. We are not pledged to i any particular schedules. The question |of rates is a practical question, to be i governed by the conditions of the time j ard of production: the ruling and un ! compromising principle is the protection and development of American labor and : Industry. The country demands a right ; settlement and then It wants rest, i The Republican platform in its first i successful national contest, under Ab raham Lincoln, declared in favor of that policy of national exchanges which se '■ cures to the workingrnan living wages, lo agriculture remunerative prices, to mechanics nnd manufacturers an ade quate reward for their skill, labor and i enterprise and to the nation commer j cial prosperity and independence. The 1 principle thus enunciated has never been abandoned. In the crisis now upon us it must be tenaciously adhered to. While we must insist that our monet ary standard shall be maintained In har mony with that of the civilized world, that our currency shall be sound and honest, we must also remember that un less we make it possible for capital tc find employment and for labor to earn ample and remunerative wages, It will be impossible to attain that degree ol prosperity which, with a sound mon etary policy, buttressed by a Bound tariff policy, would be assured. , In 1892, when by universal consent Wf touched the high water mark of our na tional prosperity, we were under the same financial system that we have to day. Gold was then the sole standard and silver and paper was freely used as the common currency. We had a tariff framed by Republican hands under the direction of the great statesman who now logically leads the contest for a res toration of the policy whose reversal brought paralysis to so many of our in dustries and distress upon so large a body of our people. We were under the policy of reciprocity, formulated by an other Illustrious statesman of the genu ine American type. We may. If we choose to do so, return to the prosperous times which existed before the present administration came into power. My sincere conviction is that my countrymen will prove wise enough to understand the issues that confront them and patriotic enough to apply safe and sure remedies for the evils that oppress us.. They will not, I am sure, accept again at their face value the promises of a party which, under desperate and per verted leadership, has so recently dis honored Its solemn pledges, which has repudiated the principles and policies which have given it a historic past and the success of which, as It is now con stituted, would endanger at home pri vate security and the public safety and disastrously affect abroad both our credit and good name. And foremost among those who will decline to follow where the new Democ racy leads will be thousands of men —Democrats aforetime and Democrats today—who count country more than party and are unwilling, even by indi rection, to contribute to results so dis astrous to our most sacred interests. The platform of the national Republi can convention states the party position concerning other questions than tl:u.-e herein referred' to. These, while at tha present time of subordinate Importance, should not be overlooked. The Repub lican party has always been the defend er of the rights of American citizen ship, as against all aggressions what ever, whether at home or abroad. It has, to the extent of its power, defend ed those rights and hedged them about with law. Regarding the ballot as the expression and embodiment of the sov ereignty of individual citizens. It has sought to safeguard it against assault and to preserve Its purity and integ rity. In our foreign relations It has labored to secure to every man entitled to the shelter of our flag the fullest ex ercise of his rights consistent with in ternational obligations. If It should be lestored to rulership it would infuse needed vigor into our relations with powers which have manifested con tempt and disregard, not only of Amer ican citizenship, but of humanity itself. The Republican party has always stood for the protection of the American home. It has aimed to secure it in the enjoyment of all the blessings of re munerated industry, of moral culture, and of favorable physical environ ment. It was the party which institut ed the policy of free homesteads, and which holds now that this policy should be re-established, and that the public lands yet vacant and subject to entry in any part of the national territory should be preserved against corporative aggression as homes for the people. It realizes that the safety of the state lies !n the multiplication of households and the strengthening of that sentiment of which the virtuous home is the best em bodiment; and it will aim to dignify and enlarge by nil proper legislation this element of security. If elected to the position to which I have been nominated, it will be my ear nest and constant endeavor, under di vine guidance, in the sphere of duty assigned to me, to serve the people loy ally along the line of the principles and policies of the party which has honored me with its preference. I am, gentlemen of the committee, very truly yours, GARRETT A. HOBART. Treasury Statement WASHINGTON. Sept. 9.— Today's state* £mn»J% aqi jo uonipuoo aqi jo }uam shows: Available cash balance, $242,162, --966: gold reserve. (106,281,907. NEW YORK, Sept. 9.—The steamship Servla brought £99,600 in gold, tho total arrivals to date aggregating $14,609,230, A torpedo Boat Launched BRISTOL. I„ 1., Sept. 9.—The United States t*(vcdo boat No. 6 was launchd to day. The work of putting In her machin ery will be accomplished as soon as possi ble. It Is hoped that she will be ready for trial in about two weeks. Ex-Senator Payne Dead CLEVELAND, O, Sept. 9.—Ex-Senator Payne died today. He was 86 years of age and had until recently taken an active part in the management of his extensive busi ness affairs. He leaves a vast estate,worth many millions of dollars. Comes With a better understanding; of tha transient, nature of the many phys ical ills, which vanish before proper ef f i u-ts—gentle c Sorts—pi easant efforts— rightly directed, There is comfort in the knowledge, that so many forms of sickness arc. not due to any actual dis ease, but simply to a constipated condi tion of the system, which the pleasant family laxative. Syrupof Figs, prompt ly removes, That is why it is the only remedy with millions ot families, andia everywhere esteemed so highly by all who'value good health. Its beneficial effects are duo to the fact, that it is the one remedy which Promotes internal cleanliness without debilitating the organs on which it acts. It, is therefore fUfimportant, in order to get its bene ficial effects, to note when you pur chase, that you have the irenuinearti. clc. which is manufactured by the Cali fornia Fig Svrnp Co. only nnd sold by all reputable druggists. If in tho enjoyment of good heaUh, and thesvstem is regular, laxatives or other remedies are then not needed. I* afflicted with any actual disease, ono may be commended to the most skillful physicians, but if in need of a laxativa, one should have the best, aud with thai well-informed everywhere, Syrup of Figs stands highest and is most largely used and gives most general satisfaction.