M’KINLEY’S LETTER OF
ACCEPTlNCE.
Hon. John M. Thurston and Others, Mem-
bers of the Notification Committee of the
Republican National Convention:
GENTLEMEN—In pursuance of the prom-
ise made to your committee when notified
of my nomination as the Republican can-
didate for president, I beg to submit this
formal acceptance of that high honor and
to consider in detail questions at issue in
the pending campaign. Perhaps this might
be considered unnecessary in view of my
remarks on that occasion and those I ha 3
made to delegations that have visited e
since the St. Louis convention, but in view
of the momentous importance of the prop-
er settlement of the issues presented on
our future prosperity and standing as a
nation, and considering only the welfare
and happinessef our people, I could not be
content to omit again calling attention to
the questions which in my opinion vitally
afiect our strength and position among the
governments of the world and our moral-
ity, integrity and patriotism as citizens of
that republic which for a century past has
been the best hope of the wprld and the
inspiration of mankind. We must not now
prove false to-our own high standards in
government .or nnmindful of the noble
eXample and wise precepts of the fathers or
of the confidence and trust which our con-
duct in the past has always inspired.
For the first time since 1868, if ever be-
bre, there is presented to the American
people this year aelear and direct issue as .
to our monetary system, of vast impor-
tance in its efifects and upon the right set-
tlement of which rest. largely the financial
honor and prosperity of the country. It is
proposed by one wing of the Democratic
party and its fines—the People’s and
Silver parties— 0 inaugurate the free and
unlimited coinage of silver by independent
action on the part of the United States at
a ratio of 16 ounces of silver to 1 ounce of
gold. The mere declaration of‘ this pur-
pose is a menace to our financial and in-
dustrial 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 every-
where arc breaking away from their old
party associations and uniting with other
patriotic citizens in emphatic protest
against the platform of the Democratic na-
tional convention as an assault upon the
faith and honor of the government 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 Manure of Values.
The characteer the money which shall
measure our values and exchanges and set-
tle our balances with one another and with
the nations of the world is of such primary
importance and so farreaching in its con-
sequences as to call for the most painstak-
ing investigation and in the end a sober
and unprejudiced judgment at the polls.
We must not be misled by phrases or delud-
ed byafalse theory. 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 for the few Who are owners 0 silver
bullion, but would make silver coin no
freer to the many who are engaged in oth-
er enterprises. It would not make labor
easier, the hours of labor shorter or the pay
better. It would not make farming less la-
borious or more profitable. It would not
start a facto or make a demand for an
additional ( y’s labor. It would create no
new occupations. It would add nothing to
the comfort of the masses, the capital of
the people or the wealth of the nation. It
seeks to introduce a new measure of value,
but woul add no value to the thing meas-
ured. It would not conserve values. On
the contrary, it would derange all existing
values. It .. uld not restore business con-
fidence, but its direct effect would be to de-
stroy the little which yet remains.
The meaning of the coindge plank adopt-
ed at Chicago is that any one may taken
quantity of silver bullion now worth 53
cents to the mints of the United States,
have it coined at the expense of the govern-
ment and receive for it a silver dollar
which shall be legal' tender for the pay-
ment of all debts, public and private. The
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. The bullion
owner on the basis of present values would
receive the silver dollar for 53 cents’ worth
of silver, and other people would be re-
quired to receive it as a full dollar in the
payment of debts. The government would
get nothing from the transaction. It
would hear the expense of coining the sil-
ver, and the community would’sufier loss
by its use.
The Bollars Compared.
We have coined since 1878 more than
400,000,000 silver dollars, which are main-
tained by government at parity
with gold and are a full legal tender for
the payment of all debts, public and pri-
vate. How are the silver dollars now in
use different from those which would be in
use under free coinage? They are to be of
the same weight and fineness. They are
to bear the same stamp of the government.
Why would they not be of the samevalue?
I answer:
The silver dollars now in use were coined
on account of the govfinment and not for
private account or gain, and the govern-
ment has solemnly agreed to keep them as
good as the. best dollars we have. The gov-
ernment bought the silver bullion at its
market value and coined it into silver
dollars. Having exclusive control of the
mintage, it only coins what it can. hold at
a parity with gold. The profit, represent-
ing the difierence bet-Ween the commercial
value of the silver bullion and the face val-
ue of the silver dollar, goes to the govern-
ment for'the benefit of the people. The
government bought the silver bullion con—
tained in the silver dollar at very much
less than its coinage value. It paid it out
to its creditors and put it in circulation
among the'people at its face value of 100
cents, or a full dollar. It required the peo-
ple to accept it use legal tender and is thus
lmorally bound to maintain it at a parity
with gold, which was then, as now, the
recognized stande with us and the most
enlightened nations of. the world. The gov-
ernment having issued and circulated the
silver dollar, it must in honor protect the
holder from less. This obligaticm it has so
far sacredly kept. Not only is there a
moral obligation, but there is a legal obli-
gation expressed in public statuteto main-
tain the parity.
Could Not Be Kept at Par.
These dollars in the particulars I have
named are not the same as the dollars
which would be issued under free coinage.
' They wouldbe the same in form, butdif-
ferent in value. The government would
5have no part in the transaction except to
coin the silver bullion into dollars. It
would share in no part of the profit. It
would take upon itself no obligation. It
"(would not put the dollars into circulation.
\n
AV
It could only get thcm’ as any "citizen
would get them by giving something for
them. It would deliver them to those who
deposited the silver and its connection’
with the transaction there end. . Such are
the silver dollars which would be. issued
under free coinage of silver at a ratio of 16
to 1. Who would then maintain the par-
ity? What would keep them at par with
gold? There would be no obligation rest-
ing upon the government to do it, and if
there were it would be powerless to do it.
The simple truth is, we would be driven to
P. silver basis, to silver monometalliSm.
These dollars, therefore, would stand upon
their real value. If the free and unlimited
coinage of silver at a ratio of 16 ouncesof
l‘ilver to 1 ounce of gold would, as some of
its advocates assert, make 53 cents in sil-
ver worth 100 cents and the silver dollar
equal to the gold dollar, then we would
have no cheaper money than now, and it
would be no easier to get. But that such
would be the result is against reason and
is contradicted by experience in all times
and in all lands It means the debase-
ment of our currency to the amount of the
difference between the commercial and coin
value of the silver dollar, which is ever
changing, and the effect would be to re-
duce property values, entail untold finan—
cial loss, destroy confidence, impair the ob-
ligations of existing contracts, further im~
poverish the laborer and producer of the
country, create a panic of unparalleled se-
verity and inflict upon trade and commerce
a deadly blow. Against any such policy I
am unalterzsbly opposed.
Question of Bimetallism.
Bimctallism cannot be secured by inde-
pendent action on our part. . It cannot be
obtained by opening our mints to the un-
limited coinage of the silver of the world
at a ratio of 16 ounces of silver to 1 ounce
of gold when the commercial ratio is mpre
than 30 ounces of silver to 1 ounce of gold.
Mexico and China have tried the experi-
ment. Mexico has free coinage of silver
and gold at a ratio slightly in excess of
16% ounces of silver to 1 ounce of gold,
and, while her mints are freely open to
both metals at that ratio, iiot a single dol-
lar in gold bullion is coined and circulated
as money. Gold has been driven out of
circulationhin these countries, and they are
on a silver basis alone. Until internation-
al agreemem'éis had it is the plain} duty of
the United states to maintain the gold
standard. It is the recognized and sole
standard of the great commercial 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
1895 was with gold standard countries,
and our trade with other countries was
settled on a gold basis.
Chiefiy by means of legislation during
and since 1878 there has been put in ci u-
lation more than $624,000,000 of silver or
its representative. This has been done in
the honest effort to give to silver, if possi-
ble, 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 less than 9,000,000
silver dollars coined in the entire history
of the United States, a period of 80 years.
This legislation secufes he largest use of
silver consistent with {E » ncial safety and
the pledge to maintain its parity with gold.
We have today more silver than gold.
This has been accomplished at times with
grave peril to the public credit The so
called Sherman law sought to use all the
silver product of the United States for
money at its market value. From 1890 to
1893 the government purchased 4,500,000
ounces of silver 3. month, or 54,000,000
ounces a year. This was one—third of the
product of the world and practically all of
this country‘s product. It was believed
by those who then and now favor free
coinage that such use of silver would ad—
vance its bullion value to its coinage val-
ue, but this expectation was not realized.
In a few months, notwithstanding the un-
precedented market for the silver produced
in the United States, the price of silver
went down very rapidly, reaching a lower
point than ever before. Then, upon the
recommendation of President Cleveland,
both-political parties united in the repeal
of the purchasing clause of the Sherman
law. We cannot with safety engage in
further experiments in this direction.
On the 22d of August, 1891, in a ublic
address, I said: “If we could have an in—
ternational ratio which all the lc'vding na-
tions of the world would adop and the
true relation be fixed between the two
metals and all agree upon the quantity of
silver which should constitute a dollar,
then silver would be as free and unlimited
in’its privileges of coinageas gold is today.
But that we have not been able to secure,
and with the free and unlimited coinage of
silver adopted in the United States at the
present ratio we Would be still further re—
moved from any international agreement.
We may never be able to secure it if we
enter upon the isolated coinage of silver.
The double standard implies equality at a
ratio, and that equality can only be estab-
lished by the concurrent law of nations. It
w‘as the concurrent law of nations that
made the double standard. It will require
the concurrent law of nations to reinstate
and sustain it. ”
Not Opposed to Silver.
The Republican party has not been and
is not now 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 States acting apart from other
governments. There are those who think
that it has already gone beyond the limit
of .financial prudence. Surely we can go
no further, and we must not permit false
lights to lure us across the danger line.
We have much more silver in use than
any country in the world except India or
China — $500,000,000 more than Great
Britain, $150,000,000 more than France,
$400,000,000 more than Germany, $325,-
000 less than India and $125,000,000 less
than China. The Republican party has
declared in favor of an international agree-
ment, and if elected president it will be my
duty to employ all proper means to pro-r
mote it.
The free coinage of silver in this coun-
try would defer if not defeat internation-
al bimctallism, and until an international
agreement can be had every interest re-
quiresus to maintain our present stand-
ard. Independent free coinage of silver at
a ratio of 16 ounces of ‘ silver to 1 ounce of
gold Would insure the speedy contraction
of the volume of our currency. It would
'drive at least 500,000,000 gold dollars,
which we now have, pe manently from
the'trade of the country nd greatly de-
crease our per capita circulation. It is not
proposed by the Republican party to take
from the circulating medium of the counr
try any of the silver we now have. On the
contrary, it is proposed to keep all of the
silver money now in circulation on t pari-
ty with gold by maintaining the pledge of
the government that all of it shall be equal
to gold. This has been the unbroken pol-
icy of the Republican party since 1878. It
has inaugurated no new policy. It will
keep in circulatibn and as good as gold all
of the silver and paper money which are
now included in the currency of the coun-
try. It will maintain their parity. It
\
will preserve their equality in the future.
as it has always done in the past. It will
not consent to put this country on a silver
basis, which would inevitably followl‘inde.
pendent free coinage at a ratio of 16 to 1.
It will oppose the expulsion of gold from
our circulation. -
Effect on Farmers and Laborers.
If there is any one thing'which should
be free from speculation and fluctuation,
it is the money of a country. It ought
never to be the subject of mere partisan
contention. When we part 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-
ues. No one sufi‘ers so much from cheap
money as the farmers and laborers. They
are the first to feel its bad effects and the
last to recover from them. This has been
the uniform experience of all countries,
and here, as elsewhere, the poor and not
the rich are always the greatest sufferers
from every attempt to dcbase 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 and their
Members, upon the savings of thrift, ~upon
pensioners and their families and upon
wage earners and the purchasing power of
their wages.
The silver question is not the only issue
affecting our money in the pending con-
test. Not content with urging the free
coinage of silver, its strongest champions
demand that our paper money shall be is-
sued directly by the government of the
United States. This is the Chicago Demo-
cratic declaration. The St. Louis people’s
declaration is that “our national money
shall be issued by the general government
only, without the intervention of banks of
iSSue, be full legal tender for the payment
of all debts, public and private,” and be
distributed “direct to the people and
through lawful disbursements of the gov
ernment.” Thus. in addition to the free
coinage of the world’s silver, we are asked
to enter upon an era of unlimited irre-
deemable paper currency. The question
which was fought out from 1865 to 1879 is
thus to be reopened, with all its uncertain-
ties, and cheap money experiments of every
conceivable form foisted upon us
This indicates a most startling reaction—
ary policy, strangely at variance with ev-
ery requirement of sound finance, but the
declaration shows the spirit and purpose
of those who by combined action are con-
tending for the control of the government.
Not satisfied with the debasement of our
coin, which would inevitably follow the
free coinage of silver at 16 to 1, they would
still further degrade our currency and
threaten the public honor by the unlimited
issue of an irredeemable. purer currency.
A graver menace to our financial stand-
ing and credit could hardly be conceived,
and every patriotic oi? icon should be
aroused to promptly meet and effectually
defeat it. ,
In the Highest Degree Reprehensible.
It is a cause for painful regret and solici-
tude that an effort is being made by those
high in the counsels of the allied parties to
divide the people of this country into class-
es and create distinctions among us
which, in fact, do not exist and are re-
pugnant incur form of government. These
appeals to passion and prejudice are be-
neath the spirit and intelligence of a free
people : d should be met with stern re-
buke by 'i i‘ use they are sought to influence,
and I bcl..:ve they will be. Every attempt
to array class against class, “the classes
against the masses,” saxtion against sec-
tion, labor against capital, “the poor
against the rich” or interest against in-
terest in the United States is in the high-
est degree reprehensible. It is .opposed to
the national instinct and interest and
should be resisted by every citizen.
We are not a nation of classes, but of
sturdy, free, independent and honorable
people. despising the demagogue and nev-
er capi'tulating to dishonor. This ever
recurring efi'ort endangers popular govern-
ment and is a menace to our liberties. It
is not a new campaign device or party ap-
peal. It is as old as government among
men, but was never more untimely‘ and
unfortunate than now. Washington warn-
ed us against it, and Webster said in the
senate in words which I feel are singular-
ly appropriate at this time: “I admonish
the people against the object of outcries
like these. I admonish every industrious
laborer of this country to be on his guard
against such delusion. I tell him the at-
tempt is to play off his passion against his
interest and to prevail on him, in the name
of liberty, to destroy all the fruits of lib-
erty. ”
The Protective Tariff.
Another issue of supreme importance is
that of protection. The peril of free silver
is a nienacc to be feared. We are already
experiencing the oil‘s-c: of partial free trade.
The one must be averted, the other cor-
rected. The Republican party is wedded
to the doctrine of protection and was nev—
cr more earnest in its support and advoca-
cy than new. i" argument were needed
to strengthen its. devotion to “the Ameri—
can system" or increase the hold of that
system upon the party and people, it is
found in the lCE».~C)fl and experience of the
past three years. )l'ui realize in their own
daily lives wins: before was to many of
them only report. history or tradition.
They have had a trial of both systems and
know what. each Ems done for them.
Washington 1.; l: farewell address, Sept.
17, 1706, 100 years arm, said: “-As a very
important source of strength and security,
cherish public credit. One method of pre-
serving it is ‘m use it as sparingly as pos-
sible, avoiding the accumulation of debt
not-only by shunning occasions of expense,
but by vigorous exertions in time of
peace to discharge the debts which un-
avoidable wars may have occasioned, not
ungenerously throwing upon posterity the
burden which we ourselves ought to bear. ”
To facilitate the enforcement of the max-
ims which he announced he declared: “It
is essential that'you should practically bear
in mind that toward the payment of debts
there must be revenue; that to have rev- .
enue there must be taxes; that no taxes
can be devised which are not more or less
inconvenierpt or unpleasant; that the in-
trinsic embarrassment inseparable from
the selection of the proper objects (which
is always a choice of difficulties) ought to
be a decisive motive for a candid construc-
tion of the conduct of the government in
making it and for a spirit of acquiescence
in the measures for obtaining revenue
which the public exigencies may at any
time dictate,”
Animated by like sentiments, the people
of the country must now face the condi-
tions which beset them. “The public ex-
igencies” demand prompt protective legis-
lation which will avoid the accumulation
of further debt by providing adequate rev-
enues for the expenses of the government.
This is manifestly the requirement of
duty. If elected president of the United
States, it will be my aim to vigorously
promote this object and give that ample
encouragementto the occupations of the
American people which, abovepll else, is
G"
Cure for Headache. ,
As a remedy for all forms of headache
Electric Bitters has proved to be the very
best. It effects a permanent cure and
the most dreaded habitual sick headaches
yield to its influence. We urge all who are
afflicted to procure a bottle, and give this
remedy a fair trial. In cases of habitual
constipation Electric Bitters cures by
givir g the needed tone to the bowels,
and few cases long resist the use of thi;
medicine Try it once, large bottle only
50c and $1.00 at E. P. Weed’s drug
store, Norwalk, and Monroe’s New Ca-
naan.
Miss Kittie Nodine of New York is
visiting Miss Rose Kilboy on Plymouth
avenue.
The Discovery Saved His Life.
Mr. G. Cailouette, Druggist, Beavers-
ville, Ill.,.says : “To Dr. King’s New
Discovery I owe my life. Was taken with
La Grippe and tried all the physicians for
miles about, but of no avail and was giv-
en up and told I could not live. Having
Dr. King’s New Discovery in my store, I
sent for a bottle and began its use and
from the first dose began to get better,
and after using three bottles was up and
about again. It is worth its weight in
gold. We won’t keep- store or house
without it.” Get a free trial at E. P.
Weed’s Drug Store, Norwalk, and Men-
roe’s, New Canaan.
A number of Norwalk people have
gone to Gregory’s Point to-day to
watch the Lobster club demoralize a
elambake. ____,
Relief m 5m: H ours.
Distressing Kidney and Bladder dis-
eases relieved in siz hours by the “New
GREAT Scum AMERICAN KIDNEY
CURE.” This new remedy is a great sur-
prise on account of its exceeding prompt,
ness in relieving pain in the bladder
kidneys, back and every part of the urin-
ary passages in male or female. It re-
lieves retention of water and pain in pass-
ing it almost immediately. If you want
quick relief and cure this is your remedy.
Sold by E. P. Weed, Druggist. Norwalk,
Conn.
The coal barons have cut down the
wages of their miners, which means,
undoubtedly, another rise in the price
of coal.
Mother-’8 Delight With Hand’s Colic Cure
HAVERHILL, Mass, 11-30-’95.——Haud
Medicine Co.—-“I Wish to say that I pro-
cured a sample bottle of Dr. Hand’s Colic
Cure and am delighted with it. My baby
is new four months old. and has sufiered
every day of her short life with col-
ic. I have tried almost everthing ever
heard of, but can truthfully say that any-
thing I have tried cannot compare with
Dr. Hand’s Colic Cure. Yours respect-
fully, Mrs. G. G. Miller, 38 Arch St.”
Sold by all druggists, 25c.
Mrs. S. E. Belden, of the Green,
Spent yesterday with her sister, Mrs.
Joseph Thomas, at Port Chester, N. Y.
Try Allen’s Foot-Ease
A powder to be shaken into the shoes.
At this season of the year your feet feel
swollen and hot, and get tired easily. If
you have aching feet, new shoes or tight
shoes, try Allen’s Foot-Ease. It cools
the feet and makes walking easy. Cures
and prevents swollen and sweating feet,
blisters and callous spots. Relieves corns
and bunions of all pain and gives rest and
comfort. Try it to-day. Sold by all
druggists and shoe stores for 25c. Sent
by mail for 25c in stamps. Address,
Allen S. Olmstead, Le Roy, N. Y.
Mr. and Mrs. John Kilboy and son,
of New Haven are visiting at Mr. Kil-
boy’s parents on Plymouth avenue.
- Shakelnto Ioui- Shoes
Allen‘s Foot-Ease, a powder for the feet.
It cures painful swellings of the joints .
and instantly takes the sting out of corns
and bunions. It’s the greatest comfort
discovery of the age. Allen’s Foot-Ease
makes tight-fitting or new shees feel
easy, It is a certain cure for sweating,
callous and hot, tired, aching feet. Try
it to-day. Sold by all drnggists and shoe
stores, 250. Trial package free. Ad-
dress, Allen S. Olmstead Le Roy, N. Y.
Miss Grace Clarke, of Washington,
D. C., is visiting Mrs. Frederick Bel-
den on East avenn .
IFIother’s Find Nothing to Equal Dr. Hand 8
Colic Cure.
WATERBURY Conn., 4-2-’96—Hand
Medicine Coz—Dear Sirsz—“I am using
Dr. Hand’s Cough and Croup Medicine
and Colic Cure for, my children and find
nothing to equal them. They work
like magic.- I would not be without
them in my house. The little ones love
Dr. Hand’s Colic Cure and cry for it ; it
relieves them almost instantly. Mrs.
Frank Smith, 22 Wood St. At all drug-
gists, 25.
Charles Mead has removed from the
Osborn house on East avenue, to West
Main street.
Bucklin’s Arnlca Salve.
The Best Salvein the world for Cute
Bruises, Sores, Ulcers. Salt Rheum
Fever Sores, Tetter, Chapped Hands
Ohilbiams, Corns and all Skin Erup
tions, and positivelyeures Piles. or no
Payrequlred. It is guaranteed to give
perfectsatisfaotion,or money refunded
Price25 cents per box. For Sale by
E. P. Weed, Nor-walk and Monroe, New
Canaan. .
Miss Agnes Bowen, of New York, is
visiting Mrs. James L. Stevens on East
avenue.
Beware of Ointments for Catarr'n
that Contain Mercury "
as mercury will surely destroy the sense cf
smell and completely derange ihew ole
system when entering it through the mn-
cous surfaces. Such articles should never
be used except on prescriptions from rep-
utable physicians’ as the damage youwill
do is ten fold to the good'you can possib-
ly derive from them. Hall’s Catarrh
Cure manufactured by F. J. Cheney &Co.,
Toledo. 0., contains no mercury and is
taken internally, acting directly upon the
blood and mucous surfaces of the system.
In buying Hall’s Catarrh Cure be sure
you get the genuine. It is taken intern-
ally, and made in Toledo, Ohio, by F. J,
Cheney,& Co. Testimonialsfree.
WSold By Druggists, prt'ce 75c. per
bottle.
The Twentieth regiment of Connecti-
cut Volunteers is holding its annual
reunion at Compounce Lake to-day.
AZ E T TE
!
im‘
Nut
To send in Your ldverlisemeni . ,
nrdhut
THE ~
EVENING #
GAZETTE
Is THE RIGHT "Emma Tnnoucn wucn
1'0 men nus mm PUBLIG.
The Only Eight-Page One-Cent
Paper in the Norwalks.
I
The Value ‘0 an Adverisement
A
v
v
‘— vvv
DEPEHDS ON THE POGHETS OF THE PEOPLE.
WHO READ IT. ADVERTISEMENTS IN
THE EVEHIHG GAZETTE sAHE .
HEAD BY THOSE WHO
HAVE HOHEY T0
SPEHII.
ONLYICEN.
/.
Norwalk Chronicler