Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1892-09-16
FOR ALL TIE VOTERS.
THE PRESIDENTS LETTER OF
ACCEPTANCE.
The Issue. Arc Dciimcd-Policycf the isc-
publicans-Ihc Contest Lies Between
Protection and Free Tradc-Eair Eicc-
tt"n- and Reciprocity Touched Upon.
The Presidents letter.

was made public Monday night. Ii con-
tains owe 10000 words, is dated ut
Washington, and tho substance is as
follows:
The non. w. Mckinley. Jr., and Others, Com
GENlLEMEN-I now avail myself of the first
period of relief from public duties to respond
to tho notification which Won brought to me on
June 10 of my nomination for the Office of Pres
ident of the United States by the Republican
National Convention recently held at Minne-
Rpolis.
1 acrcpt the nomination. and nm grateful for
the approval expressed by the convention OF
the acts OF the administration
The great work OF the Fitty-first Congress
has been subjected to the revision OF u Demo
cratic House of Representatives and the acts
OF the executive department to its scrutiny
time, i think, when II change from the declared
policies OF the Republican 10 the declared poll
cies OF the l'emorraiic party involved such
serious results To the business interests of the
country. \ briet review of what has been done
and of what the Democratic party proposes to
undo will Justify this opinion.
Tho President then at some length
compares the present system of banking
and tho issuance OF money with that
which prevailed before the withdrawal
of State bank issues. and declares that
the present plan is the safest ever yet
devised.
He touches upon tho upon
the seas and recognizes tho fact that
our exports are carried in vessels sail
ing under foreign flags. He says:
The merchandise balance of trade, the treas
ury books show. is largely reduced by the an
nual tribute which we pay for freight and
passage money. The great slips-thc f,,stcst
on the which are now in peace p~rotiting
by our TRADE, are, III Z; secondary sense. war
ships of their respective governments. and in
time of war would, under existing contracts
guns for which their decks are already pre-
pared and enter with terrible efficiency upon
the work OF destroying our commerce..
The undisputcd fact is that the great steam
ship lines III Europe were built up and are now
in part sustained by direct or indirect govern
ment mid. 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 80 az to adapt them tor carry
Ing an armament and To turn them over to the
Government on demand, upon specified terms.
1T asp was sbn plai II 10 the evi i!Hi,a ln'el s,s,as N Wnn,a
be entered upon. The lifty-iirst Gongrcss
enacted such IL law. and under its bcncti-
cent influence sixteen American steam
ships of an aggregate tonnngc of aI,ian tons
and costing s.. ioo,Om have been built or con
tracted to be built In the american ship-yards.
In addition TO this. lit liz now practically GER
tain that vi shall suon have under the Amcri-
can flag one of the finest steamship lines sail
This contract, will result iii the construction
in American sltl-yards of four new passenger
stcamships OF no, tons each, costing about
steamships 'hc fastest upon the sea.
Mr.. Harrison favors the development
of our South Atlantic and Gulf ports,
and tho Increased application of the
policy of reciprocity in South American
trade. For this latter, he ascribes all
credit TO MIR. Blaine, and i'll summing up
results and prospects, says:
AT a meeting held in March Inst of the ASSOC
Ciated chambers OF commerce OF Great Britain
the President reported that the exports from
Grsa Britain To the Latin American countries
during the last year hn,! decreased ss.. '.nor,.
but directly 10 the reciprocity policy of the
United states. Germany and France have also
that Il new and vigorous contestant has APP
pcarcd in the hattlc of the markets and has al
ready cad, secured .'mror.ant adyantagcs.
The most convincing evidence of the tire
mendous commercial strength OF our position
ts found in the fact that Great Britain and
Spain have found it necessary to make rceip-
rocal trade agreements with us for their West
india colonies. and that Germany and Austria
have given US Important concessions in cx.
change for the continued free importation of
their bect-sugur product.
A few details only as to the increas /, in our
trade can he given here. Taking all the colin-
tries with which arrangements have been
made, our trade TO June 80. lsae. had increased
2S.7s per cent: with Cuba during the first ten
per cent: and wilh Porto Rico s:9n.3', or 3,
per cent; The liberal participation of our
farmers hn me- IN me n.n,a.s o. 9rn TINS policy Is si ,onm
eral at Havana under date OF July 2d last:
During the first half year of 1891. Havana re-
other ports of the island about an equal
amount. or approximately 2So.ll2 bags. bur
ing the same period Havana received 1920
bags of American flour and other ports approx
iimately an equal amount. making about 2s.out
bags.
sent less than l,tpl bags to the Whole islalit
and the United states has sent to llavan,
aloms l"s;ssI Lag and M. about l,,u an equal amount
mately 33T,, sU for the first half of lsa1..
Partly by reason Of the reciprocal trad
removal of the sanitary restrictions agains
American pork. our export OF pork products t,
Germany increases! curing the ten month:
ending June 10 las: :2.p25,o'4. or about 8. pc
The British Trade Journal of London. in
recent issue. speahiu. Of the increase of Anc-i
can coal exports and vi the falling OF of Thu
English coal exports To Cuba says: lit is an
other case of American, competition. Tn
United States now supply Cuba with abou
10000 tons OF coal annually. and there is ever.
prospect, of this trade increasing as the forest
OF the island become exhausted and the use o
steam machinery on the estates is developed
Alabama coal especially is securing n reputa
tion in the Spanish West Indies. and the rive
will undoubtedly create M important Gul
trade. The new reciprocity policy by whicl
the United States ar. enabled to import Cubul
sugar will OF course assist the American Goa
exporters even more effectively than the ncy
lines of railway.
Tho President fears the loss of pres
ent, and cndangering OF future trade
II the Democrats are successful. for h,
declares they favor repeal OF the reel
procity provision. He further says:
The declaration of the platform in favor o
sthc American doctrine of protection" meet
my most hearty approval. The convention
did not adopt n schedule but q principle that i
to control all the iariii schedules. There ma.
be differences of opinion among protectionist.
IS to the rate upon particular articles ncccs
sary to effect an equalization between wage
abroad and at home.
In some not remote national campaigns TIL
issue has been-or. more correctly. has beer
made to appear TO be-betwccn Il high and low
protective tariff. both parties expressing SOM
s0licitous regard for the wages of our workin'
people and for the prosperity of our doinesti
Industries. But under II more courageou
leadership the Democratic party has nov
practically declared that, If given power. j
will enact q tariff law without any regard Il
its effect upon wages or upon the capital III
vested in our great industries.
The majority report of the Committee OIL
Platform to the Democratic National Conven
tion at Chicago contained this clause:
THAT when custom-housc .axatiun Ia levie,
pom articles OF any kind produced in thi
country the difference between the cost o
labor here. and abroad, when such a differcnc
exists, fully measures any possible benefits t
labor. and the enormous additional impossi
tons of the existing tariff fall with crushin
force upon our farmers ana wOrking,nen."