Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1892-09-08
PRESIDENT HARRISON.
His Letter Of Acceptance to h Rec
publican Committee,

WASHINGTON, Sept. 5.-Presi-
dent Harrison's letter, accepting
the nomination for the Presidency,
was made public to-day. The
main points of it are as follows:
Hon. Wm. Mckinley, Jr., and
others, Committees:
GFNTLEMEN:-I now avail nlye
self of the first period of relief from
public duties to respond to the
notification which you brought me
on June Goth, of my nomination.
for the Office Of President OF the
United States by the Republican
National Convention recently held
at Minneapolis. [ accept the nom
ination, and am grateful for the aps
prevail expressed by the convention
of the action of the Administration.
l have endeavored without waver.
ing or weariness, so far as the die
rection of public affairs is commit
ted to me, to carry out the pledges
made to the people in 1888. If the
policies Of the Administration have
not been d%istinctively and progress
sively American and Republican
policies, the fault has not been in
the purpose but in the execution. |
shall speak frankly Of the legisla-
ton OF Congress and Of the work
of executive departments, for the
credit of any successes that have
been attained is in great measure
due to the other. A vote of "want
of confidence" is asked by our adj
yersarles, and this challenge to a
review OF what has been done we
promptly and gladly accept. The
great work Of the Fifty-frst Con-
gress was subjected to a revision Of
a Democratic House of Represent
tatives, and acts Of the executive
department to Its scrutiny and inp
vestigation. A Democratic Ad>
ministration was succeeded by q
Republican Administration and
the freshness of events gives unus-
ual facilities for fair comparison
and judgement. There has seldom
been a time, l think. when a
change from the declared policies
of the Republican to declared
policies of the Democratic party
involved such serious results to the
business interests of the country.
A brief review OF what has been
done and OF what the Democratic
party proposes to undo, will justify
this opinion. The Republican rarty
during the civil war devised a ma
tional currency. consisting of
United States notes, issued aud re-
deemble by the Government, and
national bank notes based upon the
secrity Of United States bonds. a
tax was levied upon the issues OF
State hanks. and the intended re
suit, that all such issues should be
withdrawn. was realized. There
are men among US now who never
saw a State bank note. Notes
furnished directly or indirectly by
the United States have been the
only safe and acceptable paper cur
rency of the people. Bank failures
have brought on fright, delay or
loss to bill holders the note Of an
insolvent bank is as good and as
current as a treasury note, tor the
credit Of the United States is be-
hind it. | might almost say inter-
national, for these bills are not
only Unfortunately accepted at
points in all States. bat in some
foreign countries. The Democratic
party, if entrusted with control of
the Government is now pledged to
repeal the tax on State bank issues,
with a view to putting into circu-
~lation under such adverse legisla-
ton as the State may adopt, a flood
of local bank issues. Only those
who in years before the war exper~
fenced the Inconvenience and losses
attendant upon the use Of such
money, can appreciate what return
to that system involves. The des
Nomination of a bill was then Of no
indication of its value. The bank
detective Of yesterday was not a
safe guide to~day as to the credit
or values. Merchants deposited
several times during the day, lest
the hour Of the bank closing should
show depreciation of money taken
in the morning. The traveller
could not use in a journey to the
East issues of the most solvent
banks of West, and in consequence
the money changers Office was the
familiar neighbor of the ticket
office and lunch counter. The
farmer and laborer found money
received for their labor, depreciat-
ed when they came to make their
purchases, and the whole business
of the country was hindered and
burdened. Changes may become
necessary, but the national system
of currency, safe and acceptable
Throughout the whole country, is
the good fruit of bitter experience,
and | am sure our people will not
i consent to the reactionary proposal
made by the Democratic party.
:. THE President then devotes con~
siderable space to the question of
la revival of American shipping
, land to argument in support of the
subsidy law of the Fifty-irst Con-
gress, as tending to recovery of the