_ the president has been forced to sell bonds—in CONVENTION—"Continued. hedged ofiloiais,‘ who sWept down the aisles with more vigor than ceremony. There was an interval of comparative uiet while Mr. Carter made some direc- ' t one about the seats, and then announced the prayer of Rabbi Sale. The thousands struggled up to their feet when they caught the significance of the rabbi’s outstretched hands, and stood for three minutes with bowed heads. The rabbi is a stout young man with jet black hair and a black beard cut to a point on the lines of fashion. His voice was better fitted for a large auditorium than Chair- man Carter’s and demonstrated that the acoustic properties of the convention hall were to be very satisfactory. Mark Hanna, down in the front lines, studied the floor with bowed head while the invocation progressed. Chauncey M. Depew covered his face with a devout hand, Senator Quay held a fan before his features and. Mr._ Platt—it was impossible to give his fea- tures a more pious cast than nature had al- ready done. Mr. Sale’s prayer was patri- otic and was delivered with good eflect. I was applauded. . ,Mr. Fairbanks’ Speech. Hon. Charles W. Fairbanks was then elected temporary chairman and spoke as folloWs: Grumman or run CONVENTION—I am pro- foundly grateful for this expression of your generous confidence. As citizens we were never called upon to discharge a more important duty than that which rests upon us—the nomination of a pres- i ant and vice president of the United States. is duty is a peculiarly impressive one at the moment. for it is already written in the book . of fate that the choice of this convention will be the next president and vice president of the great republic. Three years of Democratic ad- ministration have been three years of panic, of wasted energy, of anxiety and loss to the American eople, with not a parallel in our history. oday the people turn to the Repub- lican party hopefully, confidently, and it is for us to meet their expectations. It is for us to give them these candidates upon whom their hearts have centered and to give them clear, straightforward. emphatic expression of our political faith. The Republican party is a party of convictions, and it has written its convictions in the history of the republic with the pen and the sword. With it the su- preme question always has been not what is merely politic, but what is everlasting right. The great men we have given to the nation and to history, the mighty dead and the illus- trious living, are our inspiration and tower of strength. If we are but true to their exalted example, we cannot be false to our country- men. ' For a third of a century prior to the advent of the present Democratic administration we operated under laws enacted by the Republic- an party. All great measures concerning the tariff and the currency originated with it. Tarifl laws were formed upon lineswhich pro- tected our laborers and producers from un- equal and unjust foreign competition and upon the theory that the best market in the world is the home market, and that it should be en- joyed by our own countrymen. Under the currency laws our currency was made national. The wildcat state bank money of the Demccratic party was wiped out of ex- istence. The unprecedented demands growing out ‘of the war were met by a paper currency vvhich ultimately became as good as gold. Since the resumption of specie payments in 1879 every dollar of our money—paper, silver and gold—has been of equal purchasing power the world over. The policy of the party has been to make and keep our currency equal to the best in the world. Under the operation of these honest tariff and honest money Republican laws the coun- try grew in wealth and power beyond prece- dent. We easily outstripped all other powers in the commercial race. On Nov. 8, 1892, there was work for every hand and bread for every month. We had reached high water mark. Labor received higher wages than ever, and capital was profitably and securely employed. The national revenues were sufficient to meet our obligations and leave a surplus in the treasury. Foreign and domestic trade were greater in volume and value than they had ever been. Foreign balances were largely in our favor. European gold was flowing to- ward us. Criticising the Democracy. But all of this is changed. The cause is not hard to see. A reaction began when it was known that the legislative and executive branches of the government were to be Demo- cratic. The Democratic party had at Chicago condemned the protective tarifi principle as unconstitutional and solemnly pledged itself to the overthrow and destruction of the McKin- ley law and to the adoption of free trade as the policy of the United States. This bold, aggressive attada upon the long settled policy of the Republican party bore its natural fruit in shaken confidence, unsettled business, and we were~socn drifting against the rgck of de- struction. Before the work of demolition had actually begun a run was started upon the treasury reserve which the Republicm party had wisely accumulated for the protection of the government credit. The drain upon the reserve for the redemption of greenbacks and treasury notes greatly surpassed all prior ex- perience and emphasized the discredit into which the Democratic administration had fallen. An utter want of, confidence in the ad- ministration possessed the people. The Democratic party was harmonious upon one subject, and that was the destruction of the McKinley law. But when they came to‘ the exercise of t e creative faculty, the enact- ment of a great evenue measure in its stead, there was discord. The imperiled interests of the country watched and waited through the » long and anxious months for some. settlement of the important question. They wanted an end of uncertainty. At length the Wilson bill was adopted, and it was characterized by a Democratic president as the child of “perfidy and dishonor.” It was so bad that he would not contaminate his hand by signing it. A bill that was too base for Mr. Cleveland to ap- prove is too rotten for the approval of the American people. ' This important law was wanting in the pri- mary purpose of a revenue measure, for it failed to provide adequate revenue to meet the requirements of the government. The defi- ciency thus far amounts to some $950,000,000. The end is not get, for the deficiency grows day by day. This leaves the treasury and pub- lic credit in constant peril. Our foreign credit is impaired, and domestic capital feels inse- cure. The sectional favoritism of the Wilson law was one of its marked features. Its blow at sheep husbandry was an unpardonable offense. It was a flagrant wrong to the farm- ers of the United States. This great industry had developed and grown under Republican protective laws until it was one of our great- est. We are now sending abroad millions of dollars for wool which were paid to our farm- ers under the McKinley law. The bill struck down reciprocity. one of the highest achievements in American statesman- ship. No measure was ever enacted which more direcPiy advanced the interests of the American farmers and manufacturers than reciprocity. With its destruction fell advan- tageous commercial agreements, under which their products were surely finding larger and profitable foreign markets and without the surrender of their own. Wholesale Frauds Alleged. The substitution of ad valorem for specific duties has opened the .way for systematic wholesale frauds upon the treasury and pro- ducers and employees of the country. By means of undervaluations foreign goods pass through the custom houses without paying their just tribute to the treasury of the United States. Thus we hays lost millions of dollars in revenue, and the foreign producer has been enabled to unfairly possess our home markets. Neither time‘nor place will permit further reference to the unfortunate iegislating of the Democratic party nor to the hurtful. demoral- izing eifects of it. Suficient to say that it has been the great and original factor in breaking down confidence, checking progress. emptying the treasury, causing continued deficit and en- forced idleness among millions of. willing“ workers. ' To meet the monthly deficit and protect our credit and save thegovernment from protest L otherwnrds, he has been obliged'to mortgage the future in a time of peace to meet the cur- rent obligations of the government? . This is in sharp contrast with the Republic- an record. Our tariff law's not only raised revenue, but they protected our domestic in- dustries. They impartially protected the farmer and manufacturer both north and south. Not only that, but they also raised sufficient revenue to gradually reduce the public debt and without imposing a grievous burden upon the people. During the adminis- tration of Harrison $236,000,000 of obligations Were paid, while Cleveland during the last three years has added to our interest bearing debt $262,000,000. ' Against such Democratic financiering the Republican party enters its en; , gtic gotgst. , 13%};ng apttein'pltéd to reverse the tariff policy of the United States with such lamentable re- sults, the Democratic party now proposes to reverse the currency policy. ' . It turns to the currency as the parent of our ills. Its effort to shift the responsibility will deceive no one. Its attack upon the tarifi, its record of inefl'iciency and insincerity. is a part of the unfortunate history of the republic. The present currency system is the fruit of Republican wisdom. It has' been adequate to all our past necessities, and if uncorrupted will meet our future requirements. Our greatest prosperity was attained when Repub- lican currency laws. were in full operation. When the Republican party was in power, our currency was good. It‘was made as good as the best on theglobe. We made sound money, and we also made-an honest protective tarifi to go with it. Sound money and an honest protective tarifi go hand and band together, not one before the other. The very foundation of a sound currency system is a solvent treasury. If the people doubt the integrity of the treasury they will question the soundness of the currency. Rec- ognizing this fundamental fact;' the Republic- an party always provided ample revenue for the treasury. When in the last half century of our history did the Democratic party advo- cate a financial policy that was in the best in- terests of the American people? Look at its antebellum currency record, consider its hos- tility to the currency rendered necessary by the exigency of war. and later its efiort to in- flate the currency in a time of peace by the is sue of greenbacks. Witness its opposition to the efiorts of the Republican party to resume specie payments. But four short years ago it declared for a return to the old discredited state bank currency. His Views of Silver. The Republican party has not been unfriend- ly to the proper use of silver. It has always favored and favors today the use of silver as a part of our circulating medium. But it favors that use under such provisions and safeguards as shall not imperil our present national stand- ard. The policy of the Republican party is to retain both gold and silver as a part of our circulating medium, while the policy of free coinage of silver leads to certain silver mono- metailism. it is an immutable law that two moneys of unequal value will not circulate together, and that the poorer always drives out the better. The Republican party. desiring fairly to se- cure a larger use of silver, pledged itself in fa- vor of an international agreement. Harrison, true to the pledge of the party, took the initia- tory steps and invited an international mone- tary conference at Brussels, at which the sub- ject of an international coinage agreement was ably and profitably discussed. The Democratic party was also. committed to international bi- metallism, but when it came into power the work which had been 'so wauspiciously begun by the Republican party was abandoned. It was so absorbed in its efforts to break down the McKinley law and empty the treasury that it had no time to promote international bimetallism. Those who profess to believe that this gov- ernment independently of the other great commercial powers can open its mints to the free and independent coinage of Silver at a ratio of 16 to 1, when the commercial ratio in all the great markets is 30 to 1, and at the same time not drive every dollar of gold out of circulation but deceive themselves. , Great and splendid and powerful as our government is it cannbt accomplish the impos- sible. It cannot create value. It has not the alchemist’s subtle art of transmuting unlim- ited silver into gold, nor can it by omnipotent fiat make 50 cents worth 100 cents. As well undertake by a resolution of congress to sus- pend the law of gravitation as attempt to com- pel an unlimited number of 50 cent dollars to circulate with 100 cent dollars at a parity with each other. An attempt to compel unlimited dollars of such unequal value to circulate at a parity is bad in morals and. is vicious in policy. Sound thinkers upon the great question of cur- rency know from the beginning of the experi- ment how miserable and certain it would fail. The commerce of the country would be again thrown upon the sea of uncertainty, and the specter of went would continue to haunt us for years to come. , Upon opening our mints to the independent free coinage of silver foreign credits would be withdrawn and domestic credits would be greatly curtailed. More than this, there would be certain and sudden contraction of our currency by the expulsion of $620,000,000 of gold, and our paper and silver currency would instantly and greatly depreciate in purchasing power. But one result would follow this—81- terprise would be further embarrassed, busi- ness demoralization would be increased, and still further and serious injury would be in- flicted upon the laborers, the farmers, the merchants and all those whose welfare de- pends upon a wholesome commerce. Against a. Change. A change from the present standard to the low silver standard would cut down the rec- ompenser‘of labor, reduce the value of the sav- ings in savings banks and building and loan associations, salaries rand incomes would shrink, pensions would be cut in two, the beneficiaries of life insurance would suffer—- in short, the injury would be so universal and farreaching that a radical change can be con- templated only with the gravest apprehension. A sound currency is one of the es antial in- struments in developing our comme be. It is the purpose of the Republican partyinot only to develop ourvéomestic trade, but to extend our commerce into the uttermost parts of the earth. We should not begin our contest for commercial supremacy by destroying our cur- rency standard. All the leading powers with which we must compete suspended the free coinage of silver when the increased produc~ tion of silver forced the commercial ratio above the coinage ratio to gold. Shall we ig- nore their ripened experience? Shall we at- tempt what they have found utterly impossi- ble? Shall it be said that our standard is be- low theirs? You cannot build prosperity upon a debased orfiuctuating currency: as well un- dertake to build upon the changing sand of the sea. A sound currency defrauds no one. It is good alike in the hands of the employee and employer the laborer and capitalist. Upon faith in ‘ wofith, its stability, we go forward plannin or the future. The capitalist erects his facto s, acquires his materials, employs his artisans, mechanics and laborers. He is confident that his margin will not be swept away‘by fluctuations in the currency. The laboiféi‘ knows that the money earned by his toil is as honest as his labor. and that it is of unquestioned Whats Wer. He likewise knows that it We as much labor to can a poor dollar als— does a good. one..and he also knows that if poor money is abroad it surely finds its way into pocket. , We protest against lowering our standard a! commercial honor. We stand against the Democratic attempt to degradeom‘ currency to the low level of Mexico, China, India and Japan. The present high standard of our our~ rency, our labor and our flag will be sacredly protected and presery 'ed by the Republican par y- , There are many and important questions re- quiring the enlightened and patriotic judg- ment of the Republican party. A Pan-Amer- ican commercial alliance was conceived by James G. Blaine,.and the highest motives of self interest require us toaccouipiish what he so well began. The Monroe doctrine must be firmly upheld and the perverse of the earth made to respeot'this at but unwritten .law. There can beno territoriauggrandiw ment by foreign governments on the western continent. Ourdevotion to the pensioners ,cf the nation was never more emphatic nor more necessary, than now. The Republican party believes in the devel- Advertise in the chem. A opmenl of our navy and merchant marine un- til we establish our undisputed supremacy upon the high seas. ' ' ' ' The struggle for Cuban liberty enlists the ardent sympathy of the Republican party—a party which has given to liberty its fullest meaning on this continent. We wish to see a new republic born on Cuban soil greet the new century, whose dawn is already purpiing the east. , My friends, the campaign of 1896 is upon us. The great questions. for debate in the august forum of the United States are free "trade and. free silver against a protective tarifi' and sound money. As we regard our homes and our honor, our happiness and prosperity and the future power and majesty of the republic, let us dedicate ourselves to the restoration of a protective tariff which shall be genuinely American and to the maintenance of the high est standard of value with which to measure the exchanges of the people. A distinguished Republican has said that the supreme desire of the American people is for an “honest dollar and a chance to earn it by honest toil.” _ At the close of Mr. Fairbanks’ speech, which was loudly applauded, the chair- man announced the temporary minor oili- ciais of the convention, all of whom were elected. ‘ ' After the roll of states had been called for the members ‘of the three important committees “the . convention at 1 :50 ad- journed until 10 o'clock tomorrow. MORTON MAY Ba. Oscars. A Report That He Has consented to Ac- cept Second Place. ST. LOUIS, June: 17.—As a 'result of much telegraphic negotiation betWeen St. Louis and Albany, it is definitely stated, on what is believed to be good authority, that Governor Morton has finally yielded to the solicitation of his friends and has agreed to accept the nomination for vice president. Notwithstanding the split in the New York delegation, he is now to be vigorously pressed for the nomination. This story was given to the press from a reliable source and is not denied by either Mr. Platt, Mr. Quay or Mr. Hanna. Mr. Quay visited Mr. Platt on behalf of Mr. Hanna and his friends and told Mr. Platt that Mr. Hanna would like to have Mr. Platt name the candidate for vice presi- dent. Mr. Platt told Mr. Quay that until the presidential question was decided he could not consent, to take part in any vice presidential matter. Mr. Quay said that it was the idea of the Hanna people to leave the matter open for Mr. Platt’s fur- ther consideration, and it is understood that the matter rests there, and that later Mr. Platt Will name a man. There was rejoicing among the mem- bers of the New York delegation when it was learned that Mr. Hanna and the Mo- Kinley managers had given Mr. Platt the privilege of naming the candidate for vice president, and corresponding depression in the ranks of the New —"ersey delegation, the members of which had believed that their candidate, Garrett A. Hobart, was making great stridfi toward securing the prize. Even the Connecticut delegates felt a little sore over the matter, although they had not been a unit for any one can- didate. 1' , ' From the New York headquarters today the information was also given that until Mr. Morton's candidacy for president was finally determined, there would be no mention of New York’s choice for vice , lHEBflSlflN ‘ STORE. Eur. Main andWaIl Sis. preshient. Indeed, Mr. Platt’s answer to Mr. Ilanna’s offer was looked upon to mea‘: that a further effort would’be made, after the nomination'icr president, to se- cure the consent of Mr. Morton to use his namefor thé office of vice president. From a reliable source, close to Mr. 'Piatt, it was also said, ”Mr. Platt will mime a New York organization man ‘whose‘ name has not been mentioned: for the office in the public press.” Rumor became busy With the names of Lemuel E. Quigg and J. Sloat Fassett. The latter has become very close to Mr. Platt within the last few days, and the breach of two years ago seems to have been entirely healed. In- deed, so anxious is Mr. Fassett to be known as an “organization” man that last "night he complained to Mr. Hanna because his name had been mentioned on dodgers as a probable speaker at a McKin- ley mass meeting. The anticrganiZation forces from New York are trying to force the name of Chauncey M. Depew upon the conventich. From Maine has come a movement in favor of Henry Cabot Lodge, and the argument is used that on account of Lodge’s prominence in support of the gold movement he would be a good tail to the ticket. ' U. S. Grant, Jr., who is here as a mem- ber of the California delegation, makes the announcement that hisbrother, Colonel Fred Grant of New York, will be a candi- date for the second place on the ticket. Speaking of the mention of his own name in connection with that office, he said: “No; I am not a candidate. My brother, Colonel Fred Grant, is my candi- date for the vice presidency.” “He has been quoted as saying that you are a candidate.” > “Yes, I know, but he will, be a candi- date, and he is my candidate. You know this vice presidential question’is never properly brought up until the president : ”7‘ l," “ “ill: .‘ lllul \ I\\‘l ... _/ COLONEL‘F n n. GRANT, has been named. The second place is a sort of consolation cup. My brother Fred will be acandidate, and I think should be nominated. His candidacy,” added Mr. Grant, “will notabe' pushed until the time comes. I am proud of the fact that he is my brother. I think that-the soldiers who were under my father and their sons will support him, but his own record deserves it. I do not ask it for him on father’s rec- ord. " Speaker Reed’s friends do not attach any special significance to the petition which was sent hini'from Boston urging his nose tance of the second place on the ticket. r. Reed is very popular 'in Mas‘ sachusetts. The politicians from that state say that he is their. natural choice for the presidency. but that, failing to secure this honor. they would; like" at least that he should accept the Vice presidency, feeling that it would greatlystrengthen the ticke THI nyEerG_u.z.,,, ‘v What we‘ Boson ' We have. ure.NIrwa|._ NEW YORK OFFIGE, 442 BROADWAY; 'noubt ii, . come and .see. 100 pairs Summer Corsets for 39c. Underwear—4 10 dozen Children’s Drawers, 2 pairs for 250. 20 dozen Ladies’ Drawers, yoke and tuck, 25c. 10 dozen Ladies’ Chemise, 25c. 15 dozen Ladies’ Night Dresses, 49c. 25 dozen Ladies’ Skirts, 49c. 10 dozen Ladies’ Umbrella Skirts, 7 5c. 10 dozen Ladies’ Corset Covers, 150. 10 pieces Fancy Silks, in Dresden and Persian effects, 756 per yard; auction price, 37%0. 10 pieces odds and ends, in Colored Silks, for 'waists and summer dresses, 190. In the Big Suit and Cloak Room—----‘——._ 50 pairs, large sizes, $1,00 Corsets for 500. Our remaining CAPES AND JACKETS we twill close for a Song. AUCTI‘O‘ " “ ‘ , N ' SALES 0F SILKS I There were 5,675 pieces of. Black and Colored Silks sold at the Acc—-, t’ion Sale Iasr week, in New York. . Our syndicate buyers were on hand and secured their share. ' WE'SHALL PUT THEM ON SALE SATURDAY. SEE DISPLAY wmoow. - 11 pieces Black Brocaded Silks, in beautiful large wavy figures, for dresses, capes and separate skirts. This line has always been sold at 750 per yard; auction price, 59%c. ' x"- 8 pieces 24 inch Greef’s Black India Silks—these are known all over the country as the best India made J —z.1ways sold for $1.00 per yard; auction price, 690. iii A POINTER”. Is your plate glass or safe insured? If not, call an me and I will write you ‘ a. policy in the Muthal Plate Glass and Safe Insur— . ance Company. Glass will break and burglars use dynamite. \ J In Case of Fire You should be insured. A policy in the Reliance of Philadelphia. Phoenix of Hartford; Scotland Union of Scotland; New Hampshire of Manchester; Rochester German of Rochester; United States and Pacific ' of New York; Security of New Hampshire er Granite State of Ports- mouth will protect you against the fire fiend; W. is, assurances. Real Estate and" General l nsu ranoe, noon '1, Gaza-run - nun-Drive: LOANS NEGOTIATED AND INVESTMENTS MADE. *CQRRESPQNDENCE 505101321 i l
Norwalk Chronicler