The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-09-06
WASHINGTON, D. G., Sept.


Hon Wn,. Mckinley, Jr., and Others, committee, &c.
GENrLEMEN:-I now avail myself Of
the first period of relief from public
duties to respond to the notification
which you brought to me on June 20,
of my nomination for the Office OF Pres
ident of the United States by the Re-
publican national convention recently
held at Minneapolis. Iaccept the nom-
ination, and am grateful for the ap-
proval expressed by the convention of
the acts OF the administration. have
endeavorcd without wavering or weari-
ness, 30 far as the direction Of public
affairs was committed to me, to carry
out the pledges made to the people in
1888. II the policies OF tho administra.
ton have not been distinctivelv and
progressively American and Republican
politics, the fault has not been in the
purpose, but in the execution.
shall speak frankly of the legisla-
tion 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-sena'
tors and representatives, and tho effici-
ent heads OF the several executive de-
partments-that l may do so without
impropriety. A vote OF want of conf
dence is asked by our adversaries; and
this challenge to review OF what has
been done we promptly and gladly ac-
cept
The great work Of the Fifty-frst Con-
gress has been subjected to the revision
Of Democratic house OF representa-
tiyes and the acts of the executive de-
partment to its scrutiny aud investi-
cation. A Democratic national admin
istration was succeeded by Republican
administration, and the freshness OF
the events gives unusual facilities for
fair comparison and judgment. There
has seldom been q time, l 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. A brief review of what
has been done and of what the Demo-
cratic party proposes to undo will
justify this opinion.
OUh FlHANAAhb SSNOlAASNh
The Republican party during the civil
war devised national currency con-
sisting of United States notes, issued
and redeemable by the government,
and of national bank notes based upon
the security Of United States bonds. A
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such issues should be withdrawn was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 US now
who never saw q state bank note.
The notes furnished directly or indi-
rectly by the United 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 bill holders. The note Of
an insolyent bank is as good and as cur
rent as a treasury note-for the credit
OF the United States is behind il. Our
money is all national money! might
almost say international, for these bills
are not only equally and indiscrim.
inately accepted at par in all the states,
but in some foreign countries. The
Democratic party, II entrusted with the
control of the government, is now
pledged to repeal the tax on state bank
issues, with q view to putting into cir
culation again, under such diverse leg
islation as the states may adopt, flood
Of local bank issues. Only those who,
in the years before the war, experienced
the inconvenience and losses attendant
upon tho use Of such money can appre-
ciate what a return to that system
involves. The denomination OF a
bill was then often no indication OF its
value. The bank detector Of yesterday
was not safe guide to-day as to credit
Of values. Merchants deposited several
times during the day-lost the hour OF
bank closing should show q deprecia-
ton OF the money taken in the morn
ing. The traveller could not use in a
journey to the east the issues OF the
most solvent banks OF the west; and in
consequence money changers Office
was in the familiar neighborhood OF
the ticket ofEico and tho lunch counter.
The farmer and the laborer found the
money received for their products or
their labor deprecated when they camo
TO make their purchases, and the whole
business Of the country was hindered
and burdened. Changes may become
necessary, but a national system OF cur
rency, safe and acceptable throughout
the whole country, is tho good fruit Of
| bitter experiences, and l am sure our