The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1892-10-20
Whifelaw Reid Formally Accepts the
Republican, Nomination for Vice
President.
In His Letter He Gives Some Reasons
for the Election or the Ticket He
Runs On.
Differences In Principles or the Par
ties Set Forth-Tarrifr and
Currency.

New YoRK, Oct. 20.--Hon. Whitelaw
Reid's letter accepting the Republican
nomination for vice president has been
made public. 1t is addressed to Hon.
w. I. Durbin, Anderson, Ind. In it Mr..
Reid says:
When the nomination with which the
y national convention had honored me was
formally announced by your committee
accepted IL at once. In doing SO accepted
also the principles set forth in the resolu-
tions adopted by the convention AS the
basis of the appeal to the popular suff-
rage.
The party platforms, 90 called, are more
important this year than usual Both
the leading candidates have once COM
manded, the approval of the American
people m its highest form OF expression
Attention Is therefore concentrated less
on the men themselves and more on the
principles each Is put forward TO rep
resent and would In case Of election be re-
quired to carry out.
Relating to the TarIn.
Ii is obvious that the really vital issues
which this year divide the parties and de-
mand popular decision, are those relat-
ing to the tariff and the currency. Fortu-
nately both sides have stated their posi-
tions on these subjects with directness,
simplicity and frankness.
We favor protective tariff and when in
full power made the present one. Our
opponents favor tariff for revenue only
and promise he repeal OF the present one
We maintain that the tariff shall cover
the differences in the cost of home and
foreign product caused by the difference
in the home and foreign wages of the
laborer employed upon H.. Our opponents
distinctly repudiated the proposition that
American wages should. be considered in
the matter and declared instead that
tariff levied for anything but revenue
only was unconstitutional.
{ We maintain that the present tariff has
worked well. that IL has developed Amer
ican mannfacturies, st<adied andk in1
creased American wages and protected
the general prosperity. Our opponents
deny that there has been any increase of
prosperity under the present tariff, de-
claring that wages have been reduced and
denounce the Republican policy which, as
they say. fosters no other industry so
much as that Of the sheriff.
Mr.. Reid then goes on to say that the
constitutionality of protective tariff
has heretofore been thoroughly established
and notes that tariff bill avowedly for
''the encouragement and protection of
manufactures" was carried through the
first congress. He also quotes from
message to congress of Andrew jackson
in which the constitutionality of the
protective system Is maintained and
coming down to the present time, adds
the opinion of the Hon. George Ticknor
Curtis on the same question.
The Tariff Beneficial.
Speaking Of the benefit OF protective
tariff Mr.. Reid says:
Our opponents join issue with us di-
rectly and positively In effects of the
present tariff. They say that there has
not been any increase of prosperity under
1t, declare that wages have been reduced
and denounce our policy, saying with
sneer, 1t fosters no industry 30 much rs
that of the sheriff. Ii has been fortun-
ate circumstance for the impartial public
which desires above all to ascertain the
exact facts concerning such an as
sertion that on the regular course
of their official duty number OF Demo
cratic officers have since been required to
report the statistics in their several de-
partments bearing upon this statement
Such reports hAve been made successfully
by the commissioner Of labor statistics.
the bank commissioners and the board OF
equalization Of the State Of New York; by
the chairman Of the savings hank com.
mission and the chairman Of the board OF
labor statistics af New Jersey and by 9TH
ers. AL these reports tend to show an
increase during the year 1891, under the
present tariff, in wages, In the yalne OF
produce. In the deposits liz savings banks
or In building and loan associations. and
in the value OF personal property as fixed
for purposes, not Of speculation, but OF
taxation. #
Coming down to the question o. reci-
procity Mr.. Reid goes on to show the
benefits derived from that policy which,
he says, the Democrats have designated
as sham.
On the question Of currency MIR. Reid
says:
On the subject of currency the issue be-
tween the Republican party and its on
ponents II almost as sharply defined as on
the tariff. We demand that every dollar.
paper, silver and gold, shall be made and
kept ~ good - any dollar Our oppo-
nents, while protesting the same desire,
demand that the national bank currency
should all be broken down by the repeal
of the 10 per cent. tax on the issues OF
state banks.
Mr.. Reid then goes on to show that d
return to the state bank system would
be ruinous to, the country and that il
any change n needed in the currency
Laws the Rel nblican party can be relied
on TO meet the emergency. After brief
reference to the so-called force billr
and TO the revival OF American shipping
he closes by paying high tributeto ths
administration OF President Harrison
He says:
The administration Of President Harri-