Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1892-09-22
The Presidents Letter.
He Accepts the Nomination.


An Able and Tr.nchant Statement of the
Republican Position.
WASHINGTON. Sept. o -Presiden, Har.
rison's letter accepting denomination as
the Republican candidate for President
was made public to-day. 1t Is as follows
WASnINGroN. September 3, 1892
Hon. William .Nchnlsp, Jr., and others,
Committee. etc.
GENTLEMEN; now avail myself Of the
tirst period Of relief from public duties to
respond to the notification which YOU
brought 10 me on June 20 of my nomina-
tion for the office of President of the
United States by the Republican National
Convention recently held at Minneapolis.
| accept tae nomination and am grateful
for the approval expressed by the conven-
tion OF the acts Of the Administration.
have endravnred without wavering or
WEAKNESS. far a. the direction OF pub
lie affairs was committed to me- to carry
out the pledges made to the people in lsss
II the policies of the Administration have
not been distinctively and progress sively
American and Republican policies. the
fault has not been in the purpose bat in
the execution. | shall speak frankly OF
the legislation Of Congress and of the
work Of the executive departments. for
the credit Of any successes that have been
attained Is in such measure due To others,
Senators and Representatives, aud to the
efficient heads Of The several executive de
par,ments. that NAV do so without i'm
propriety. 4 vote OF want Of confidence
Is asked by our sdverssries: and this chal-
lenge to a review of what has been done
We promptly and gladly accept
The great work OF the List Congress
hs, been subjected 10 the revision OF a
Democratic House of Representatives, and
the acts OF the Executive Department to
its scrutiny aud investigation. A Demo
cratic National Administration was sue
ceeded By Republican Administration,
and the freshness OF the events gives un-
usual facilities for fair comparison aud
Judgment. There has seldom been time,
I,thiuk, whens change from the declared
policies Of the Republican 10 the declared
policies OF the Democratic party involved
such serious results 70 the business inter-
ests of tAe country. A brief review of
what has been done and what the Demo
cratic party proposes to undo will justify
this opinion.
The Republican National Currency.
War devised National currency. consist
ing Of United States notes, issued and re-
decmsble by the Government, and Of Ma
tional bank notes, based upon the security
OF United States bonds. 4 tax was levied
upon the issues of State banks and the
intended result, that all such issues should
be withdrawn, was realized. There are
men among u now who never saw a State
bank note. The notes furnished directly or
indirectly by the nited States have been
the only and the safe and acceptable paper
currency of the people. Bank failures
have brought no fright delay or loss to
the bin holders. The note of All insolveut
bank il a. good and a. current As Treas
ury note-fCr the credit of the United
States is behind il. Our money IS all Ma
tiopal money! might almost say inter
national for these bills are not only eQua.-
IL and indl-criminately accepted al par In
all the States. but in some foreign coun-
tries. The Democratic party, If intrusted
with the control OF the Governments now
pledged TO repeal the tax on State bank is
sues, with view to putting INTO circula-
ton sgain, under such diverse legislation
as the States may adopt, flood of locsl
bank issues. Only those who in the years
before The war experienced the inconven-
ience aud losses attendant upon the use of
such money can appreciate what return
to that system involves. The denomina-
ton of q bill was then often no indication
of its value. The bank detector of yester-
dav WAS not safe guide to-day as to cred
ii or values. Merchants deposited sever
al times during the day lest the hour of
bank closing should show a depreciation
OF the money taken in the morning. The
nnpiI in, m sha
East the issues of the most solvent banks
of the West. and in consequence a money
changers Office was the familiar neighbor
of the ticket Office and the lunch counter.
The farmer and the laborer found the
money received for their products or their
labor deprecated when they came to make
their purchases, and the whole business of
! the country was hindered and burdened
| Changes may become necessary, but Ma
| tiOnal system Of currency, safe and accept
able throughout the whole country, is the
! good fruit of bitter experience, and an
| sure our people will not consent to the re
dictionary proposal made by the Demo
cratic party.
The Ocean Carrying Trade.
| Few subjects have elected more discus
sion or exclted more general interest thai
that of recovery by the United States o.
| its appropriate share of the ocean carrying
trade This subject touches not only ou
pockets but our National pride. Practical,
all the freights for transporting to Europe
the enormous annual supplies of provis
ions furnished by this country and for tb
large return of manufactured product
have for many years been paid to foreigl
ship owners. Thousands Of immigrant
| annually seeking homes under our fla.
have been denied the sight of 1t until the.
entered Sandy Hook. while increasin:
thousands of American citizens, bent Oh
European travel. have each year steppe'
into foreign jurisdiction at the New
York docks The merchandise balance o
trade, which the Treasury books show, !
! largely reduced by the annual tribut
which we pay for freight and passag
moneys. The great ships-the fastest ol
the sea-which are now in peace profitini
by our trade, are in secondary sense wa
ships Of their respective Governments. an
in time of war would, under existihi
contracts with those Governments
speedily take on the guns for which thei
decks are already prepared and enter Wit
terrible efficiency upon the work OF oe
stroying our commerce. The undispute'
| fact Is that the great steamship lines o
Europe were built up and are now In par
sustained by direct or indirect Governmen
aid, the latter taking the form OF hbers
psy for carrying the mails or of an annua
bonus given in consideration of agree
ments to construct the ships 80 as to adap
them for earring an armament, and to tur
them over to the government on demand
upon specified terms.
The Necessity for Ocean Mail subsidy.
1t was plain to every intelligent Ameri
can that If the United States would nav
such lines. similar policy must be entere
upon. The List Congress enacted such
law. and under its beneficeDt lnnuenc
| sixteen American steamships, OF an aggre
gate tonnage of 57,400 tons and costln
81. 400, 900, have been built or contracte
to be built in American shipyafds in &C
dition to this, it is now practlcally certsi
that we shall soon have. under the Amer
can flag, one of the finest steamship line
sailing out of New York for any Europea
mort. The contract will result in the cor
struction in American yards OF four ne'
steamships of 10000 tons each, costln
about es ,OO0, 900. and will add 70 our ~