The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-09-06
POWERFUL CAMPAIGN ARGUMENT
Beneficent Results of Mckinley Bill.
Especially Reciprocity Clause.
new 1ndustrses 1stabltshed and New
Markets Opened for Farmer-Sound
Financial Policy OF Republicans-A
Federal Election Law Needed.

Os
William Mckinley, jr., and other members of
the ecommittee-Gca,lenn,:I now avail myself of
the nrst period Of relief from public duties to
respond to the notification which you brought
me on June 70 OF my nomination for the Office of
president of the United states by the Republi-
can national convention. / accept the nomina-
tion ana am grateful for the approval expressed
by the convention of the acts OF my admins
uation. have endeavored, without wavering
or WEAKNESS, so far as the direction of public
anairs was committed to me, to carry out the
pieoges made to the people in 1855. Ii the poll
cies OF my administration have not been dis
tncuvely and progressively American and Re-
publican policies. the fault has not been in pur-
pose, but in execution. I shall speak frankly of
the Legislation OF congress aud OF the work
OF the executive departments, for tho credit
OF any successes that have been attained is in
such measure due to others, the senators and
representatives and to the efficient heads of the
several executive departments. that l may
DO SO without impropriety. vote of want OF
confidence 10 demanded by our adversaries, and
this challenge to review of what has been
done we promptly and gladly accept The great
work OF the Fifty first congress has been sub
lected to revision OF the Democratic House of
Representatives, and the acts of the executive
department. to its scrutiny and investigation.
The Democratic national administration was
succeeded by the Republican administration,
ana the freshness of events gives unusual facil-
ities for fair comparison and Judgments There
has seldom been a time. think, when change
from the declared policies of the Republican to
the declared policies of the Democratic party
involved such serious results to the business
interests of the country brief review OF
what has been done and of what the Democratic
party proposes to do will justify this opinion.
THE CURRENCY
Tho Republican party during tho civil war
devised national currency. consisting of United
States notes issued and redeemable by tho gov
ernment and OF national bank notes based upon
the security of United States bonds tax was
levied upon the issue of state banks and the in
tended result, that all such issues should be
withdrawn, was realized. There are men among
Us now who never saw a state bank note. The
notes furnished directly or indirectly by the
United States have been the only safe and ac-
ceptable paper currency tor the people. Bank
failures have brought no fright. delay or loss
to the billho.der, for the note of an insolvent
bank is as good and current as any treasury
note, for the credit OF the United states is be-
hind 1t. Our money fs all national money, !
might almost say international, for these bills
are not only equally and indiscriminately
accepted at par in all the states. but in some of
the foreign countries. The Democratic party, If
entrusted with the control of the government,
Issues. with a view to putting them into circu-
lation again under such diverse legislation as
the states may adopt, and cause a flood OF local
bank issues Only those who in years eefore
the war experienced the inconsistency and
losses attendant upon the use of such money
can appreciate what a return to that system in
wolves. The denomination OF the bill was then
often no indication of its value bank. detec-
tor of yesterday was not a safe guide today as to
credit or values. Merchants deposited several
times during the day, and the hour OF the banks
closing would show depreciation of the money
taken in the morning. The trader could not use
in journey to the East issues of the solvent
banks OF the West, and in consequence the
money changers Office was the familiar neigh
Dor OF the ticket Office and lunch counter. The
farmer and the laborer found that the money re-
ceived for their products their labor depre-
ciated when they came to make their purchases,
and the whole business Of the country was him
dered and burdened. Changes may become nec-
essary, but the national system OF currency is
safe and acceptable throughout the whole coun-
try, is the fruit OF bitter experience, and / am
sure that our people will not consent to the re-
dictionary proposal made BY the Democratic
party.
OUR FOREIGN COMMERCE..
Few subjects have ELECTED more discussion
or exhibited more general interest than that of
pirate share OF the ocean carrying trade. This
subject touches not only our pockets, but our
national country Practically all the freight for
transporting to Europe the enormous annual
supplies OF provisions furnished by this coun-
try, and for the large return Of manufactured
produce for many years. has been paid to for
eign ship owners. Thousands Of immigrants
annually seeking q home under our flag have
been denied q sight of it until they entered
Sandy Hook, while the increasing thousands OF
American citizens, bent on European travel,
have each year stepped into foreign jurisdiction
at the New York docks. The merchandise bal
snce of trade which the treasury books show
Is largely reduced by the annual tribute which
we pay for freight and passage money Great
ships, the fastest upon the sea, which
are now In peace profiting by our
trade, are in secondary sense war
ships of their respective governments
and In time OF war would under existing con-
tracts with those governments, speedily take on
the guns for which their decks are already pre-
pared and enter with terrible efficiency upon
the WORK of destruction OF our commerce. An
undsputed fact is thar the great steamship
lines OF Europe were built up and are now in
part sustained by direct or indirect government
aid the latter taking the form OF liberal pay for
carrying the mails or OF an annual bonus given
in consideration OF agreements to construct
ships so as TO adapt them for carrying armament
and turn them over to the government on de-
mand upon specified terms. II 10 plain to every
intelligent American that If the United States
would have such lines a similar policy must
be entered upon. The Fifty first congress en-
acted such law, and under its beneicent In
fuence sixteen American steamship. Of the AK
gregate tonnage OF $4,000 tons and costing
S,4J,o0o, have been built or contracted
for in American shipyards In addi
ton tn this it Is now practically
certain that we shall soon have under the Amer
lean flag one of the finest steamship lines sailing
out Of New York for any European port. Thil
contrac. will result In the construction by Amer
lean yards of four new passenger steam hips d
10000 tons each. costing about 10000. anc
will add TO our naval reserve six sseamahi ls
the fastest upon the sea Special interest hai
been taken by me in the establishment OF line,
from our south Atlantic and gulf ports, ane
though my ex expectations have not yet been real
lied, attention has been called to the advantage
possessed BY these ports. and when their peopl,
are mere fully alive 20 their interests, do no
doubt sha. they will be able TO secure the capi
tai necessary TO enable them 20 profit By thei
great natural advantages. The Democratic part,
found no place in its platform for sn.
reference TO this subject and has show
i,s hostility to the general policy by refusini
70 extend the appropriations nsads during III
last administration for ocean mail contract
with American lines. Patriotic people. work
men In our shops and capitalists seeking ney
eu,erp.ises must decide whether the great ship
owned by Americans which have sought Amer
hail ai:xt rstss a.gs n