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r. A ro 1)4 - ip nnd cllnmnl. and Fttch I" a!r of desolation over rcn'rt heart lat a little THE H'RINLEY LETTER Strong Stand on Sound Money, Protection and Reci procity. FORMAL NOTE OF ACCEPTANCE. Milts Should be Opened to Labor Free Coinage Would Set No Wheels Turning. Canton. O., Aug. 26. Following la the formal letter of acceptance written by MaJ. McKinley. Republican nomine for president, and mad public to-night: Tbe Hen. John M. Thurston and Others. Member of th NotifHatK.n Committee of tbe Republican National Convention Geu- tlemcn; In pursuance cf a romUe made to your committer when notified cf my nomination as th Republican candidate for preaident, I beg to submit this formal ac teptance cf that high honor, and to con kiJer in detail questions at isu in the ponding campaign. Terhaps this might be considered unnecessary In view of my re mark on that occasion, ami those I have mod to delegations that have visited me alnce the St. Louis convention, but in view of the momentous Importance of the proper settlement of the iue presented on our future prosperity, and standing as a nation, and considering; only the welfare and nap pines of our people, I wculd not b content to omit again calling attention to the ques tion which lu my opinion vitaMy iffed our strength and position among the gov ernments of the world and our morality. Integrity and patriotism as citizens of that republic which for a century pant has been tbe bent hope of tbe world and tbe Inspira tlon of mankind. We must not now prove false to our own high standards in gov ernment. nor unmindful of the noble ex ample and wise precepts of the fathers or of the confidence and trust which our conduct In tbe past has alway inspired Tne Hunger of Free Coinage. "If never before there In presented to the Americans this year a clear and direct ls sue as to our monetary system, of vas. importance in its effect, and upon the right sc-ttlenient of which rest large ly the financial honor and prosperity of the country, It la proposed by one wing of the Democratic party and its allies, the Peo ple's and Silver parties, to Inaugurate tbe free and unlimited coinage of silver by In dependent action on the part of the United State at a ratio of 16 ounces of silver to 1 ounce of gold. Tbe mere declaration of 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 country, a peril so grave that conservative men everywhere are breaking away from the old party associations and uniting with other patriotic citizens In emphatic protest against the platform of the Demo cratic National convention as an assault upon tbe faith and honor of the govern ment and the welfare of the people. We have had few questions In tbe lifetime cf the republic more serious than tbe one which i thus presented. "Tbe character of the money which shall measure our values and exchanges and settle our balances with one another and with the nation of the world, is of auch primary importance and so far reach ing In it consequences a to call for the most painstaking investigation, and in the end, a sober and unprejudiced Judgment at the polls. We must not be misled by phrases, nor deluded by false theories. Free eilver would not mean that silver dollar were to be freely had without cost or labor. It would mean tbe free use of the mint of ths United States for the owners of silver bullion, but would mak eilver coin no freer to tbe irany who engaged in other enterprises. It would not make labor easier, the hours of labor shorter or the pay better. It would not mak farming let 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 tbe masses, tbe capital of the peo ple or the wealth of tbe nation. It seeks to introduce a new meaaure of value, but would add no value to the thing measured. It would not conserve values. On the contrary, it would derange all existing value. It would not restore business con fidence, but It direct effect would be to destroy tbe little which yet remains. Meaning of tbe Coinage Flank. "The meaning cf the coinage plank edept ed at Chicago U that anyone may take a quantity of silver bullion now worth D3 cents to the mints of the United States, have it coined at the expense of tbe gov ernment and use it for a silver dollar which chall be legal tender for the pay ment cf all debts, public and private. Th owner of the silver bullion would get the silver dollar. It would belong to him and to nobody else. Other people would get It only by their labor, the products of their land, or something of value. Tbe bullion owner, on the baa! of present val ues, would receive the silver dollar for ZZ cents' worth of silver and other people would be required to receive it as a full Collar 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 tuftVr loss by Its use. "We have coined since 1KTS more than 400,000,000 silver dollars which are main tained by the government at parity with gold and a full legal tender for the pay ment of all debts, public and private How are the silver dollars cow in use difrernt from those which would be in use und. Iree coinage? They are to be of the ume weight and fineness. They are to " a? the same stamp of th government Why would tbey not be of the same value? I answe r. the silver dollars now Ja WCro f hV.. Bovernmont. a"'1 I government has solemnly agreed t v I v' "u1,1 elcftr, If not defeat interna tlonal II them as good as the best dollars w s. I metalllstn, and until an International agree The government bought the silver hum m11'-'"'- can be l,aa- every Interest require V.. ,"l.w Kaln- nd the at Its market maricet value and coined it IZ" dc'.lars. Having exclusive contr,, , ntare It e nly coins what It can , arlty with gold. The profit Ure! silver dc'.lars. tbe mi at a pa senting the difference between the enm merclal value cf the silver bullion and th face value of the silver dollar gues to th The government bought the silver Lmn ;uui& iiu iii iur aiivrr uunar much les.i than Its coinage value, out to Its creditors and put It I .. i tlcn among th people at Its face valul Proposed to keep all of the liver money cf 100 cents, or a full dollar. It requlrei i Ew ,n clr?u'at'f on the parity with gold the peoplo to accept It a legal tender 1 nlntalnlng the pledge of the govern and la thus mrrslly bound to maintain it TMlvbat "U cf u ha'1 b 'I"1 t0 old. at a parity with gold, which waa then as r Va" Uin tbe "hroken policy of th now. the recognized standard with us 'and 1 na.n party ,lnce 187s- u ha" ,n- tbe most enlightened natlcns of tha world cirri u,. 140 Jlcw po,lry' U w,n kecP ,n "Th government, having Issued and cir-'aiWw .LJ aa KO01 " 0,1 ,n cf the culated the silver dollar. It mut In honor I Clud7.i iJ T .Pvapr monT nlf,h re now in protect tho holder from loss. Thla obllga- will ni.i..7-.vUr.rency of lne country. It tlon U has ao far sacredly kept. Not only thMr ,.t,r.J,,r,tjr" 11 w11' P'era I there a moral obligation, but ther Is a ways don T ti" future a It has al legal obligation, expressed In public atat- to nut tv t- , ? past' 11 nf consent ute, to maintain tb parity. wom4 :.??XJJ, ,? 11ver ba"' wbl' h a inevitably f0now dependent fre rtido and boisterous, llko th Ftipft boys. I!e heard the vllcff Riiitgp oatha v4?ro tho ml rathe "The dollars in th particular I hav named ar not th same as th dollar which would b Issued under freo coin? Thev would be the asm in form, but oil ferent in value. Th government would have no part in th transaction except to coin th silver bullion into dollar. It would shir in co nart of th profit. It would take umn itself no obligation. It wculd not rut the dollar Into circulation It could only get them a any citUen would aet them, bv rivlnr something lor mem It would deliver thm In tlioa who de posited th silver and its connection with the transaction there end. Such are th silver dollar whUh would be issued under ft" coinage cf silver at a ratio f H w WLo AVonld M-tlulala ra.liy. "Who would then maintain tb parity? What would keep them at par :iri Kold? TLer would be no obligation rest.-'g upou th government to do it. and if t her "were, it woulJ be powerless to do it. Tho almple tPHO is we would be driven to A Silver bay's To silver monometallism. Thi del lr. therefore, would stand upi.n lhclr ra) value, l; the fre and unlimited coin age cf silver at a ratio cf 10 ounce of nlvcr to 1 ounce of gold would, as some or us advocates assort, make iS cent in silver worth 10 cents and the silver dollar equal to the gold dollar, then w would have no ibc:or t.ioiiev than now. and it would be no easier to tut. Uut that such would be the rult U against reason and Is contra lietel by experience In all time and In all land. It mear.s the debasement cf our currency to the amount of the dif ference between the commercial and coin value of the silver dollar which U ever changing and th effect would be to reduce property values, enta.l untold financial loai, destroy confidence, impair the obl:ga lions of existing contracts, further Impov erish tb laborers and nrcvlueers of the country, create a panic of unparalleled reverlty and Inflict niion trade and com ineree a deadlv blow. Aaalnat any such policy 1 am unalterably opposed. tiolil Driven Out of Mealco. "Bimetallism cannot be secured by In dependent actlou on our part. It cannot be obtained by cpenlnr our inlnta to tbe unlimited coinage of the silver of the world at a ratio of 16 ounces of silver to I ounce of gold when the commercial ratio Is more than 30 ounces of silver to 1 ounce of gold. Mexico and China have tried the experiment. Mexico has free coinage of silver and gold at a ratio slightly in ex ccs of 1C'4 ounces of silver to 1 ounce of gold, and while her mints are freely open to both metal at that ratio, not a single dollar in gold bullion I coined and cir ?ulated as money. Gold has been driven out of circulation in these countries and they are on a silver basin alone. Until international agreement is had, it is the plain duty of the United States to main tain the gold standard. It la the recog nized and sole standard of the great com mercial nations of the world with which we trade more largely than any other. Eighty-four per cent, of our foreign trade for the fiscal year was with gold standard countries, and our trade with other countries waa settled on a gold basis. .More Mirer Thnu tiolil. "Chlefiy by means of legislation during and since 1S78, there baa been put In circulation more than $C24.riOO.OOO of sil ver or Its representative. Thl bas been done in tb honest effort to give to silver, if poislble, the same bullion and coinage value and encourage the concurrent use of both gold and silver as money. Prior to that time, there had been le&s than 9.000, 000 of silver dollars coined iu the entire history of the United States, a period of eighty-nine years. This legislation socures the largest use of silver consistent with financial safety and tbe pledge to main tain its parity with gold. We have to day more silver than gold. This has been accomplished at time with grave peril to tbe public credit. Tbe so-called Sherman law sought to use all the sliver product of the United States for money at it mar ket value. From 1S00 to is:c. tbe gov ernment purchased 4.500,000 ounces of sil ver a month, or u4.0'0,0o0 ounce a year. This was one-third the product of the world, and practically all of this country's product. It was believed by those who then and now favor Tree coinage that such use of sliver would advance its bullion value to it coinage value, but this ex pectation was not realized. In a few months, notwithstanding the unprecedent ed market fur the silver product In the 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 tbe repeal of the purchasing clause of tbe Sherman law. We cannot with safety engage In further experiment in this direction. On the second of August, 1S91. in a public address, I said: "If we could have an international ratio which all the lead ing nations of the world would adopt, and the true relation be fixed between the two metals and all agree upon tbe quantity of silver which ebould constitute a dollar, then silver wculd be as free and unlim ited in its privileges of coinage as gold is to-day. But that we have not been able to secure, and with tho free and unlimited coinage of silver adopted in the United States at the present ratio, we would be still further removed frcm any Interna tlonal agreement. Wc may never be able to secure It If we enter upon the Isolated coinage of silver. The doublo standard Implies equality at a ratio and that equal ity can only be established by the- concur rent law of nation. It was the concurrent law of natlona that made tbe double stand- a.rd: it will require the concurrent law of nations to reinstate and sustain it.' I'nrty I'll to r vr of silver Money. "The Republican party has not been and Is not opposed to the use of silver money as its record abundantly shows. It has done all that could be done for Its in creased use with safety and honor by the United Suites acting apart from ether gov ernment. There are those who think tha It has already gone beyond tho limit of financial prudence. Surely we can go no further, and we must not permit false lights to lure us across tbe danger line. Meant Defeat of Int rrnn t lonnl Agreement. "We have much more silver in use than Rr.y country In the world except India or Cliina $:O'J,0ou,0.)0 more than Great Brit ain: $15),0dO,0OO more than France: H0O.- noo.OOO more than Germany; $323,00'),GOO less than India and Jll'.i.OOO.OOO less than China. 1 he Icepybllean party has declared In favor of an International agreement, and. If elected president, it will be my duty to uni.kiv all protier means to nromntw ! The free coinage of silver In thl country us to maintain our present standard. In dependent free coinage of silver at a ratio of 10 ounces of silver to 1 ounce of gold would inaure the fpceily contraction of tho volume of our currency. It would drive at lcat l'iCO.000.000 of gold dollar, which we now buve permnnently, from the trad of the country, and greatly decrease our per capita circulation. It is not proposed by vuiauiie nieuium oi ins counirv anv nr in r we dow bve; on the contrary, It la rnlna; that for hundrrrfa or Miave not varied ten uyn their arrival nt a Riven coluage at a ratio of 14 to 1. It will on th exputslou of gold from our circulation. Debased Money Deatr) Valnea. "If ther ia any on thing which should b free from speculation and fluctuation. It 1 lb money of a country. It ought never to b th subject of mere partisan contention. When we part with our labor, owr product or our property, w hould receiv lu return mcney which i as stabl and unchanging In value aa tb ingenuity of honest men can mak It. Debasement of tbe currency means destruction of val ue. No on suffers so much from cheap money as th farmer and laborer. They are the lrtt to feel its bad effects and tho last to recover from them. This has been tte uniform experience of all countries, and here aa elsewhere the poor and not th rich are the greater sufferers from every attempt to debase our money. It would fall with alarming severity upon Investment already made, upon insurance companies aud their policy-holders, upon savings bank and their depositors, upon building and loan associations and their member, upon tb savings of thrift, upon pensioners and their families, and upon wage earners and the purchas ng power cf their wages. Cheap Money Eiperlrueuts. "The silver question Is not the only lsue affecting our money in the pending contest. Not content with urging the free coinage cf silver, its strongest champions deiuaud that our paper mouey shall be issued directly bv the government of the United States. This Is the Chicago Demo cratic declaration. Tbe St. Loui Peoplea party declaration is that 'Our national money shall be issued by the general gov ernment only without the inten-ertlcn of bixka of issue, be full legal ter.-Ifr for tho Hnient of all debts public aid private.' and be distributed 'direct to the people and through lawful disbursements of the government.' Thus, in addition to the free coinage of the world' silver, we are asked to enter upon an era of unlimited Irre deemable paper currency. The quest'on which was fought out from 1SC5 to 179 in thus to be reopened with all IU cheap money experiments of every conceivable form foisted upon us. This indicates a most startling reactionary policy, strangely at variance with everv reoulrement of sound finance; but the declaration show tbe cplrit and purpose of those who. by combiued action, are contending for the control of the government. Not satisfied witn the debasement of our coin which In evitably follows the free coinage of silver at l(i to 1, they would still further degrade our currency and threaten ike public honor by the unlimited Issue of an irre deemable paper currency. A graver menace to our financial standlne and credit could hardly be conceived, and every patriotic citizen should be aroused to promptly meet and effectually defeat It. Dividing thr People Into C Inaaea. "It Is a cause for painful reairct and so licitude that an effort is being made by those high In tbe councils of the allied parties to divide the people of this coun try Into classes and create distinctions among u which In fact do nut exist and are repugnant to our form of government. These appeals to the passion and prejudice are beneath the spirit and intelligence of free peisvie, and should be met with stern rebuke by those they are sought to influence, aud I believe they will be. Ev ery, attempt to array class against class. mo ciasoes against the masses,' section against section, labor against capital, 'the poor against the rich,' or interest against interest in the United States is in the high est degree reprehensible. It is opposed to tbe national instinct and interest and should be resisted by every citizen. We are not a nation of classes, but of sturdy, free. In dependent and honorable people, despising me demagogue and never canltulatinc to dishonor. This ever recurring effort en dangers pcpular government and is a menace to our liberties. It U not a new campaign device or natty aoDeal. It ia as old as government anions: men. but waa never more untimely and unfortunate than now. Washington warned us acainst U and Webster said In the senate words which I feel are slncularlv anoronrlate at thl time: 'I admoniih the people against the object of outcries like these. I ad monish every Industrious laborer of this country to Le on his guard against such delusion. I tell him the attempt Is to play off his passion against hi interest and to prevail on him in the name of liberty to destroy all the fruit of liberty." Protection of Supreme Importance. "Another Issue of supreme Imnortance Is that of protection. The peril of frea silver is a menace to be feared. We are already experiencing the effect of partial free trado Th nnJ mm. h. .vr- T .v? aZrT Th.m-hft, rr;h.: v.. , . as ;uum uu Uttl LV I we.ldP.l ta th .'nrtrln- m.. ,., was never more earnest In its support and i nuvocacy man now. ir argument were reeded to strengthen its devotion to 'the American syrtem' or Increase the hold of that system upon the party and people. It is found In the lesson and experience of the past throe years. Men realize In their own dally lives what before wa to manv of them only report, history or tradition. They have had a trial of both systems and know what each bai done for them. "Washington, In hi farewell address, Sept. 17. 17'C. 100 years ego, said: 'As a very important roiirce of strength and se curity, cherish public credit. One method of preserving It in to use it as sparingly us possible; :ivoidin the accumulation cf debt i'ot only by shunning occasions of expense, but by vigorous exertions In time of peace to discharge the debt which unavoldaole war mav have occasioned, not ungener ously throwing upon posterity the burden which we ourselves ought to bear." To facilitate the enforcement of the maxims which ho announced, he declared : 'It in essential that you should practically bear In mind that toward the payment of debts there must no revenue; that to have reve nue there must be taxes; that no taxes can be devised which ate not more or less in convenient or unpleasant; that the In trinsic embarrassment inseparable from the selection of proper objects (which in always a choice of difficulties) oue.ht 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 measure for obtaining revenuo which the public exigencies may at any time dictate." Prompt Protective Legislation pp. urn tided. "Animated by like sentiments tho people of tho country must now face the condi tions which beset them. 'The public exi gency' demands prompt protective legisla tion which will avoid the accumulation of further debt by providing adequate reve nues for the expenses of the government. This Is manifestly the requirement of duty. If elected preMoVnt of the United States, It will bo my aim to ifforounly promote this object and give that ample encouragciiir nt to the occupation of the American people which above nil Hko Is so imperatively ilo manded at this Juncture of our national affairs. Happy Conditions In December, Isjiu. "In December, 1S92, Freeldent Harrison sect bis l"t meB.B to congress, it was an able and exhaustive review of the con dition and resource of the country. It stated our situation so accurately that 1 .. i v. official and valuable testimony. 'Ther never bas been a time In our history,' said be. 'when work wu so abundant or when wages were o high, whether measured by ,rr.nrv in which they are mm by their power to upply tbe necessarlea and comfort of life. The general average nricea baa been uch a to Klv to agrlcultur a fair participation in th gen- eral prosperity. The new Industrial plant established since Oct. . 1890. and up to Oct. 22. 1892. number 345. and the extension of exiting plant 108. The new capital Invested amounts to $10.448.0410. and tb number of additional employee plecvpg, although In ome of tho most niiprovcd models tho Fleevps are no 37 83. During th first six inonm oi iu present calendar year. 135 new factorle wer built, of which 40 wer cottou mills. 4S knitting mills. 2 woolen mills. 15 silk mills. 4 plush mill, and 2 Uuen mills. Of the tortv cotton mills, tweuty-ou hav been built In the Southern states. This fairly describes th happy condition of the country In December. 1S92. What ha H ben since, and what ia It no? Kiglit Monlb Later. "Tbe roeesage of President Cleveland from the beginning of his second admin Miration to tho present time abound with dicr!p:lon of the deplorable industrial and financial situation of the country. While no resort to history or official ttate ment ia resjulrd to advise us of the rrcsent condition and that whl.h has preailel during the pa,t three years, 1 venture to quote from President Cleveland first message. Aug. 8, 1S:'3. addressed to tho Fifty-third tongrc. which he had called, together In extraordinary session. 'Th existence of an alarming and extraordinary business sltuatiou.' said he, 'Involving the welfare and prosperity uf all our people, has constrained me to call together in extra session the pe,ple'a representatives In congresa, to the end that through tho wise and patriotic exercise cf the legisla tive duties with which they solely are charged, the prepent evil may be miti gated and danger threatening the future may be averted. Our unfortunate flnauclal plight 1 not Ihe result of untoward events, nor of conditions related to our natural re sources. Nor Is It traceable to any of the aflllctlons which frequently check national growth and prosperity. With plenteou crops, with abundant promise of remun erative production and manufacture, witn unusual Invitation to safe Investment, and with satisfactory assurances to business enterprises, suddenly financial distrust and fear have snrune up on every side. Numer ous moneyed lustitutlou have suspended. because abundant asset were not imme diately available to nice: tho demands of frightened depositors. Surviving corpora Hons and individuals are content to keep In haud the money they are usually anxious to loan, aud those engaged In legitimate business are surprised to find that the securities they offer for loau though heretofore :-atlsf actory, are no longer accepted. Value supposed to be fixed are fast becoming conjectural and loss and failure have Invaded every branch cf business." Marlllug untl Sudden 1'hR.ige. "What a startling and muldca change within the short period of elgrtt months from December, 1892. to Ausv,-.". 1893 Wbat bad occurred? A chang" of ad ministration; all branches of the govern ment bad been entrusted to the Democratic party which was committed agatust the protective policy that had prevailed unln terruptedly for more than thirty-two year and brought unexampled prosperity to tbe country and ilrinly pledged to Its complete overtLivW and the substitution or a tariff for revenue only. The change having been decreed by the Meet Ions In November, Its effects were at once anticipated and felt. We cannot close our eyes to these alter ed conditions, nor would It be wise to exclude from contemplation and Investiga tion tbe causes whic h produced them. They are facts which we cannot, as a people, disregard, and we can only hope to I in prove our present condition by a study of their cause. In December. 1S92. wo bad the same currency und practically the same volume of currency that we have now. It aggregated iu ls92 2..172.&09,'i01 ; In 1S93 $2,323,04)0,000; In 1X91 $2.323.4 12.M2, and In December, 1893, $2.194,OO0,2J0. The per capita of money hem been practically the same during this whole period. The qrality of the money bas been Identical all kept equal to gold. There is nothing connected with our money, therefore, to account for this sudden and aggravated industrial change. Whatever Is to be deprecated in our financial synteni. It must everywhere be admitted that our money has been absolutely sound and has brought neither loss nor Inconvenience to ita holders. A depreciated currency has not existed to further vex the troubled business situation. Hood Money ever Made 'rime llnrd "It is a mere pretenae to attribute the hard times to the fact that all our cur rency 1 on a gold basis. Good money never made time hard. Tiiose who ussert I hat our present Industrial and financial depression I the result of the gold stand ard have not read American history aright, ; or been careful students of the events of i recent years. We never had greater pros v V . . . T . . 01 employment end Industry, than in the luuy . Ton, 10 to IS- during all of which peruy in mis country, id every lie-id ot i . u t .. - . ," lu' couiury was ou a gooi UUSl ana employed more gold money In Its fiscal and business operations than ever before. We had, to;, a protective tariff under which ample revenues were colieited for the government and an accumulating sur plus which was constantly applied to tbe payment of the public debt. Let us hold fast to that which we know is good. It 1 not more money we want; what we want is to put the money we already have at work. When money Is employed, men are employed and both have always been steadily and remuneratively engaged during all the yearn of protective tarilt legislation. When those who have money lack e-onfldeneo In the stability of values and investment, they will not part with their money, lluslnes Is stagnated the life blood of tra'. Is checked and congested. We cannot restore public confidence by an act which would revolutionize all val ues, or an act which entails a deficit lu tho 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. Kvll eif the Democratic TnrlfT. "The only measure of a general nature that affected tho treaeury and the employ ment of our people passed by the Klfty thlrd congress was th General Tariff act, which did not receive the approval of the president. Whatever virtue may be claimed for that act, there la confessedly one which it docs not posxesa. It lacks the essential virtue of Its creation the raising of revenue sufficient to supply the needs of the government. It has at no time provided enough revenue for such needs, but It has caused a constant defi clency in the treasury and a steady de pletion In the earnings of labor and land It has contributed to swell our natlonai debt more than ?2(',2,0G0.0U0, a turn nearly ns ureal an me ucui 01 tuo gnvernmer irom vusuin;ion o Lincoln, including all our foreign wars from the revolution to me? reoeinon. Mnce its passage, work at home haa been diminished; prices of agri cultural products have fallen; confidence has been arrested, and general busines demoralization Is seen on every hand. Tar I IT a of 1MM und ik: Contrasted. "The total receipt under tho tariff n of 1894. for the first twenty-two mon'hs cf It enfTCTjent. from September isu to June, 1896, were $.".o7,61.-.,324. and tha ' pendltires ff.40,4 18.303. or a dencie I'. 182.803.033. The decrease in . - - .m vui rinarti during tho flmt fifteen months Af.ifr1"1"?'" ent tariff, as contrasted with the e! of th first fifteen months of the iar. . 1890, waa $220.3o3,320. The exce. , i of .n m,rt. .i ... - 1 or month of the tariff of mo a. tJi? 972,9(18, but only $.-.0,758,623 under th. -. . fifteen months of tha i.nfr . ,0. 10 Dri under the latter of $157,214 341 t. " loss in the trade balance 'of in. UniEfJ state baa been $196,983,607 durln th. . flfeen montha' operation of tha , t.wJ ? S 1894. aa compared with th flr.e nT f month of th tariff of 1890 Th in.. iten been larg-, constant and iteady tt t" and should not he black. Evrn If th molhrr la In n.ourninK Bhe should lav It rat of $13,130,000 a month, or $500,000 for every business day of th year. Iinlnir tm llotb Dlrectloaa. "Wo hav either been sending too much money out of tbe country or getting too little in. or both. We have lout ateadlly in both direction. Our foreign trade bas been diminished, and our domestic traue na .li..r..1 ln li-n!allrt loss. DOCS UOl IU sui-ircst the rsuw of our present deprt an.l in.lirato lis remedy? Confidence in home enterprises bas almost wholly Ulf aoneared. Our shop are closed, or run ninir on half time at reduced wages an small profit. If not actual loas. Our men a home art Idle, and wmie tney are iui m n .hnviri are occunled In supplying u mith roods. Our unrivaled home mark for the farmer has also greatly suffered because those who conotltute it tne grca j-mv f American wise earners are with niif th work and waaes they formerly had If they cannot earn wage tbey cannot buy products. They cannot earn u iurj uuu no employment, and when they do not earn the farm?r' borne maiket is lessened and Impaired and the los I felt by both producer and consumer. Tbe los of earn ing power alone in thl country In the putt thr vear la sufficient to have produced mir iinfiirtimnte business situation. If our labor was well employed, and employed ut a remunerative wages a in 1S92. in a fe w nnth, svprv rdmier in the land would feel the alad change to increased deman for hi product and In the bettor pi ices which ho would receive. ot Open Mints, hut Open Mills "It I not an Increase In the volume of mnnxv uhii-h is the need for tne t:me, out an inereAae In the volume of bUiiU.'SS Not an Increase of coin, but an Increaso t; confidence. Not more coinage, but a mere Mrtlve use, of the money coined. Not cpe mints fur Hi unlimited coinage tf th silver of the world, but open mills 1o tb full and untestrlcted labor of American wnrklnifinen. The employment of oil mints for the coinage of the silver of tbe .'(irii u-niiU nit lirine- the necessaries ann comtorts of life back to our people. Thl will only come with the employment o the masse and such eniployuiert is cer tain to follow the reestablisbment of a wise protective policy which ?hall encourage mr mi rnrt in In at home. Protection has lost none ot Its virtue and Importance .ew Turin I.uw Promised. "The first duty of the Republican party If restored to power in the country, will be the enactment of a tariff law which "Ml! raise all the money necessary to conduct the government economically and honestly administered, and so adjusted a to give preference to home manufactures and ade auate protection to home labor and the borne market. We are not committed to any special schedules or rates of duty. Tbey are and should be always eubject to change to meet new condition?, but tbe principle upon which the rates of duty fti imposed remain the same. Our duties should always be high enough to measure tbe difference between the wages paid labor at home and In competing countries and to adequately protect American iiiv.'st tnents aul American enterprise. Our r.irmers and the Tnrlff. 'Our farmers have been hurt by th changes In our tariff legislation a seve'y as our laborers and manufacturer?, ouly as they have suffered. The Ilepubllcaa plat form widely declares In favor of rniu cn couragement to our sugar lnterctr a, will lead to the production on American soil of all the sugar which the American peo pie use. It promises to our wool and wcolen interest 'the ms; ample protec tion." a guaranty that ought to commend itielf to every patriotic citizen. Never was a more grievous wrong done tbe farmers of our country than that so un- Ji'ftly Inflicted during the past three jear upon tue wool growera of America. Al though among cur most Industrious and useful citizen, their Interests have been practically destroyed and our woolen manufacturers Involved In similar disaster. At no time within tho past thirty-six year and perhaps never during any previous period, have ao many of our woolen fac tories been suspended as now. Tbe Repub lican party can be relied upon to correct these great wrongs, if again entrusted with the control ot congress, Advantnees of Itreiproelt y. "Another declaration of the Republican platform that has my most cordial support is that which favors reciprocity. The splen Old result of tne reciprocity arrangement that were made under authority of the tariff law of is'.iO are striking and sug ge-ntlve. The brief period they were In force. In most cases only three years, was not long enough to thoroughly test their great value, but sufllcleut was shown by tho trial te conclusively demonstrate tho Importance and the wisdom of their adop tion. In 18:'2, the export trade of the Unit- eu Places aiiameu me nignest point in our history. Tho aggregate of our exports that ear reached the immense sum of $1.0'!0.- s.HS, a sum greater by Iloo.o0o.oo.) than the exports of any previous year. In 1S93 owing to the threat of unfriendly tariff leg islation, tne total dropped to $si7.i!6u.l!4 Our exports of domestic merchandise de creased $lS9,00O.tM)i. but reciprocity still secured us a large trade In Central and South America, and a larger trade with tbe West Indies than we bad ever before enjoyed. The Increase of trade with the countries with which we had reciprocity agreement was $.!.:,r.0.51j over our trade In 1S92 and $1C.440,721 over our trade In 1S91. The only countries with which the United States traded that fhowed Increasf-il exports In 1893 were practically those with which we had reciprocity arrangements. The reciprocity treaty between this coun try and Spain, touihlne the miirini. Cuba and Puerto Ric O. Was linniM.rw.a.l Sept. 1. 1891. The irrowth of rmi. .r,.i with Cuba was phenomenal. In 1S91 we sold that country but 114.411 barrel's of flour; In 1S92, 3;ei,17.": in 1SP3. 6Tii 4ns r..i 1891, 6412.248. Here was a crnn-ih r.t nearly 500 per cent., while our exportation ?1 , to.Cuba for lne ar 'nriing Jun- J'pr following the repeal of ..i reciprocity treaty, fell to 379.IC.C bar- . i..r,s oi nearly half our trade with that country. The value of nnr tn,i ports of merchandise from the Uni-ed Mates to Cuba In lS9l-the year prior to Similar evamnloa mlt. . . tti..p...i . ', """ Riven or our ...... wane uniier reciprocity with other countries, but enough has been i"in . '"v of the legislation of if. , " U,B BprClly restoration of Its reciprocity provisions, m my Judgment reei?rRVhouW ,n"tely restore iK reciprocity section of the old law with agricultural manufactured without loss to th- American laboVer of a prSre'" 8 ltal U luisht Foreign Immigration. "Tbe declaration of the platform touch, ng foreign immigration I. one ot JcnlUr aportance at this time, when our own laboring people are In such great distress am In hearty aympatby with the preseni leg.s'stlon restraining foreign ln.mi?ratfon and favor uch extension of tha la." a a. lllZCYl th l,n',t(, s' from Invasion by the debased and criminal classes of ih. old world. While we adhere to th? SubSS policy under which our country baa ri celved great bodle. of honet" Indl.trloui citizen, who bay dded to th wealth progress and power of th country, ind whll we welcome to nnr .h. YJ.' "1 dlsrosed and Industrlou Immigrant who contribute by hi. energy and Int.n... know bornrolianfi." Truth. wVs fn1 .Kr&T arter the annulment of the reciprocity agreement. It fell to onlv 13 r.m t..l . ami-mimem. it any. os time and ex-pe-rlcnco sanction as w!.-e and proper. The underlying principle of this legislation Is to afford now markets f.ir n. .... to tha rniM f t fwm.- no Immigrant who d0 0t ? , to becorc. citizen.. Wt VtfS yin iyuco in tha wai t car clvllUatlon who do uoV Z' 5 with our aim and form rf ,yiDeta:M W. .hould receive VimJwh?"'!?. war upon our Inntltutlona an u mk public disquiet and turmoil pr,jfll t luca our gate muit b tightly cl'.cd Justice lu l kl. I .! til """" m f-IUra. "Th soldiers and sailors .. should neither b. neglec,, ?" U1 The government which they ier.- ,lMl'a must not mak their lives . harder by treat lne them as sunn?aditlw" relief in old age or dlstres. ? "nl" f with disdain or ,. n' regart tereat on comrade naturally V",""! in weitir. or another. Doud leW ,1 ha been abuse and fraud n ih. ' ,kw oua claims alln.rf h t. ID Iuibm. th policy, governing; th aj"", N of tbe Tension bureau m rn,'?Ut'"tiot i . " aiwavi s. nu rauoia gave tne government iV. i tbey bad. They freely offereV1 strength, limb and life to sav. , .VI . WUa. In the time f it greatest i "uo,r government must honor them In V. heir aervlP. "t m ,bT neeci as in meir ervlce with th. -J ,r and gratltud- du to brave, noble ami.,0.1 sacrificing men who ., Jm" y f" generous aid In their Increaam. -" t9 Our Merchant Marine and Xa "The declaration of the n...., iimnui m iu tavor or the im.i,..;iu ... . s"puuiir&ii our merchant rrarlna t ,ulB of proval. The policy of dlscrimin.f:,,."!.'' In favor of our nipping hl,n pre?. !J in th early year of our hi... be again promptly adopted bj t0 ,r and vigorously aupported until our ere. and supremacy on the acts I fully attlirlV We should no longer contribute dl? Sfi'J Indirectly to tho tn.i.i... . . tlly Of sal marine of fDrelgn countries. btM vld. an efficient and complete n.rin,P our own. Now that the . " 01 I assumine a noi.it i r ntvJ our Importance aa a nation .a ,," am glad toobne rve tbe Republican pa f J strongly endorse, we n-. .t .:",. ,'''ror with a merchant marine th. u u the advantagea In both our coartwi,! and foreign trade that we ought natur and properly to enjoy, it should bY.i one- a matt... .r ..kii.. .h . n ----- - w. liuuui; liuiicy ana nt nr.i pride to repossess tol imraen aad ini. perou trad. v"y Civil Service Reform. "The pledge of the Republican Nationii convention that our civil servlc Uwl ruiumtu -nu tneroughiy uij honestly enforced, and extended wbtrcver jii.i-i.iauii'. iu seep nsr ih ts. .i Inn i U a . .. " lue iuu iiariy lor lne nast lirent...... years, and will be faithfully observe o. uui. urvrj m reiorms. Th ... pear willing to abandon all the advantiM galne 1, after so many years' agitation ml effort. Tbey encourase a .-. mi uariy iavor t sin whlrh K,.v pariies nava orten clenouncej. that . perlence has condemned, aud ih. tupio rrpeaceuiy aisapproved. The R. publican party earnestly onDosf-s thu action and entirely unjustifiable policy.' It niu hoc uu uacKwaru step upon this quf tlon. It will seek to improve, but never ucgrituo uc ptiDiic service. Appeal to Patriotl.iii or the I't-srlr. "There are other important and Un-i. ucviurdiiuiin in mo piauorm wnica i cis- noi nere uiacua. I must content nyeelf wuu rayius; icai iney nave my appraaL ii. as JtcpuDiicans. we Dave late J. u'cu uur aiceniion, witn wnat my seem great stress and earnestness, to ti new ani unexpected assault upon tb financial Integrity of th government Eav clone it because the menac is grave as to demand especial consideration, and because we are convinced that If ths people are aroused to the true understand- lng anl meaning of this silver IrCatioi movement they will avert the danw. Ia doing this, we feel that we render tt be service jiosulble to the country, and w ip. pal to the Intelligence, conscience as! pan lot ism of the people, irrespective of party, or eectlou, for their earnest sup port. It Will Maintain I nn autl Order. "We avoid no issues. We meet the iui- en dangerous and revolutionary assault pon law and order, aud upon tnoie to whom Is confided by tbe constitution anl law tbe authority to uphold and maintain them, which our opponents have made, with tho. same courage that we have faced every emergency since our organization it party, more than forty years ago. Gov ernment by law must first be assured; everything rise can wait. The spirit of lawlessness must be extinguished by th re of an unselfish and lofty patriotism. very attack upon the public faith ir.d every suggestion of the repudiation or ebts. public or private, must be rcbukel by all men who believe that honesty U lb be-kt policy or who love their country sr.l ould preserve unsullied its nstiunj honor. eetionnllm Almost Obliterated. "Tho country ia to be congratulated u; the almost total obliteration of sections! nes. which for many years markti im vision of tha I'nited State Into liirt and fre territory, and finally tbreatenel partition Into two separate govern ment by the dread ordeal of civil Tbe era of reconciliation, so long tcl earnestly desired by Gen. Grant and D&ny ther great leader, North and Soutn. c appily come, and the feeling of cf.rtrui: nd hostility between tbe sections I ev erywhere vanUhing. let us hope never to return. Nothing Is tetter eaicuiaieu u ve strength to the nation at borne, in- rcaae our power and tunuenco n1'" nd add to the permanency and ieeurl:y our free Institutions, than tne resw.- on of cordial relation between the pM; e of all -ctlon and part of our wio innlrv tf .lta,l hv thn suffrage! of tH neonlo to a.Miimn the duties of the ltiSl office of president of the United SUtei. Fhall count It a privilege to aw. - the Kllghtent degree, In the promou.-a th spirit of fraternal regard n.ca should animate and govern tne cm of every section, state, or part of tn re public. After the laps of a century in Its utterance, let us at leng'.n anu ever hereafter heed the ailmnnitlcn i Washington: 'There should be no no South, no East, no West, but a comffi" country.' , "It shall be my constant aim to wPr0T! every opportunity to advance the . faU'' good government by promoting that ?" of farb'arance and Justice which Is ' T sentlal to our prosrerlty and happ'" ' Joining moat heartily In all proper eiur. to restore the relat lona of brotherly Tt? and ulfeetlon which In our early nisu-r characterized all tho people of all the sts I would be glad to contribute toward c leg la IndlvlslbSa unlcn tbe different alons of the country. Indeed, now every Inducement of sympathy ana ibi est' to weld them together more ir';' than ever. I would rejoice to fee in strnted to tb world, that the North the South and th Kat and the J" "" not aeparated or In danger of v separated, because of sectional or pa" rw ference. Th war I long sine on. r not enemlc but friend' and w will faithfully and cordially o f under tbe approving amll of Him thu far so signally nstalned "f fu' , ua. to preaerv Inviolate onr u"'7rf . ..i Knnn, ti. nce and gool ora.V! and It continued ascendency anient reatct go vern men t a mjmrx h. . FOUR II stnieter. WHO I TimMNlAl'l ful. IIS hould ever .ufler beoauTo7a Vr'crff nl pctrated by or fur another, or . nP'r"