The times., 1892-10-07
Every Man, Be He Republican or
Democrat, Should Read This.

WASHINGTON, Sept. 5.-The follow
ing letter of BENJAMIN Harrison accept
ing the republican nomination for the
presidency, was given out at the white
house at six o'clock this evening:
WASHINGTON, Sept. 3, 1892.
Hon. William Mckinley, Jr., and
others, committee, ETC. tc-Gentlemen:
now avail myself of the first period
of relief from public duties to re-
spond to the notification which you
brought to me on June 30 of my NOM
ination for the Office of president of
the United States by the republican
national convention recently held at
Minneapolis
l accept the nomination and am
grateful for the approval expressed by
the convention of the acts of the ad-
ministration. / have endeavored, with
out wavering or weariness, so far as
the direction of public affairs was COM
mitted to me, to carry out the pledges
made to the people in 1888. II the pol
icies of the administration have not
been distinctively and progressively
American and republican policies, the
fault has not been in the purpose but
in the execution. 1 shall speak frank
ly of the legislation of congress and of
the work of the executive department
for the credit of any successes that
have been attained is in such measure
due to others-senators and represent.
atives and to the efficient heads of the
several executive departments-that I
may do so without impropriety.
The Challenge Accepted.
A vote of want of confidence is asked
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 subjected to the revision of q
democratic house of representatives,
and the acts of the executive depart
ment to its scrutiny and investigation.
A democratic national administration
was succeeded by a republican admin
istration, and the freshness of the
events gives unusual facilities for fair
comparison and Judgment. There has
seldom been time, Il think, when a
change from the declared policies of
the republican to the declared policies
of 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 justi-
fy this opinion.
A Sound National Currency.
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
.k,A l. l.
notes furnished directly or indirectly
by the United States have been the only
and the safe and acceptable paper cur
rency of the people. Bank failures
have brought no fright, delay or loss to
the bill holders. The note of an in
solvent bank is as good and as current
as treasury note-for the credit of
the United States is behind it. Our
money is all national money, 1 might
almost say international, for these bills
are not only equally and indscrimi-
nately accepted at par in all the states,
but in some foreign countries.
The democratic party, If intrusted
with the control of the government, is
now pledged to repeal the tax on state
bank issues, with view to putting
into circulation again, under such di-
verse legislation 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 the use of
such money can appreciate what re-
turn to that system involves. The de-
nomination of a bill was then often no
Indication of it's value. The bank de-
tector of yesterday was not safe
guide to-day as to credit or values.
Merchants deposited several times dur
,l..xr al <.f H,... al.
ing should show depreciation of the
money taken in the morning. The
traveller could not use in a journey to
the east the issues of the most solvent
banks of the west, and, in consequence,
q money changers Office was the IA
miliar neighbor of the ticket office and
the lunch counter. The farmer and the
laborer found the money received for
their products or their Labor depreci-
ated when they came to make their
purchases, and the whole business of
the country was hindered and bur-
dened.
Changes may become necessary, but
national system of currency, safe and
acceptable throughout the whole coun-
try. is the good fruit of bitter expert
ences and / am sure our people will
not consent to the reactionary proposal
made by the democratic party.
Our Merchant Marine.
Few subjects have elected more dis
cussion or excited more general inter-
est than that of recovery by the
United States of its appropriate share
of the ocean carrying trade. This sub
ject touches not only our pockets, but
our national pride. Practically all the
freights for transporting to Europe
the enormous annual supplies of pro-
s.A ~
for the large return of manufactured
products, have for many years been
paid to foreign ship owners. Thousands
of emigrants annually. seeking homes
nnder our flag have been denied the
s;oht of il until they entered
sandy Hook; while increasing thou