Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1892-09-08

Washington, Sept. 3.-HOn. VIM. Nc
Kinley, Jr., and others, committee, etc.
GentlemenI now avail myself of the
first period Of relief from public duties
to respond to the notification which
YOU brought to me June 20, of my
nomination for the CJfice of president
of the United States by the republican
national convention recently held at
Minneapolis.
I accept the nomination and am
grateful for the approval expressed by
the convention of the acts of my adj
ministration. l have endeaYOred, with
out Wayering or WEAKNESS so far in the
direction of public affairs committed to
me, to carry out the pledges made to
the people III 1883. If the policies of
my administration have not been dis
tinctvely and progressively American
and republican policies, the fault has
not been in the purpose but in the exc
cution. | shall speak frankly of the
legislation Of congress and of the work
of tn executive department, for the
credit of any successes that have been
the senators and representatives and to
the efficient heads of the several eNecu-
tive departments.
A vote Of want of confidence is asked
by our adycrsaries, and this challenge
to a review of what has been done We
promptly and gladly accept.
The great work of the tifty-first con
gress has been subjected to Il revision
by the democratic house of representa-
tives, and the acts of the executive de
partment to its scrutiny and investig0-
ton.
A democratic national administration
succeeded by 4 republican administr,l-
ton, and the freshness Of events, give
unusual facilities for Il fair comparison
and Judgment. There seldom has been
a time, | think. whom a change from
the declared policies of the republican
to the declared policies of the demo
cratic party involved such serious re
suits to business interests in this couT-
try brief review OF what has been
done and of what the democratic party
proposes to do will justify this opinion.
The republican party during the civil
war devised a national currency, con-
sisting of United States notes issued
and rcdCemable by the government,
and of national bank notes, based upon
the security of United States bonds.
A tax WAS levied upon the issues of
the state banks and the intended re-
suit that all such issues should be with
drawn was realized.
There are men among us now who
never saw Il state bank note. Notes
furnished directly or indirectly by the
country have been the only safeand ac
ceptable currency of the people. Bank
failures have brought no fright, delay
or loss to bill holders. The note of an
insolvent bank is as good and as cur
rent as q treasury note-for the credit
Df the United States is behind it, Our
money is all national money, / might
almost say international, for these bills
are not only equally and ipdiscrini-
nately accepted at par in all the states,
but in some foreign countries The
democratic party if mtrusted with coll
troll 3f the government, is now pledged
to repeal tho tax en- state bank issues
with the view of putting into ciIculd-
ton again under such diverse legisla-
ton as Tile states may adopt, flood
of local bank issues. Only those who
in the years before the war experienced
The incCLvetIences and losses attend
ant upon the use of such money ap-
precate what Il return to that system
involves. The denomination Of 4 bill
was then often no indication of its
value. A bank directory of yesterday
was not safe guide today rs to credit
CT values. Merchants deposited several
times during the day lest the hour of
bank closing should show Il deprecia.
ton of money taken in i'll the morning
The traveller could not use in Il journey
to the east issues of the most solvent
banks west; and in consequence q
money changers office was Il familiar
eighbor of the ticket office and lunch
counter. The farmer and the labOrrt
found that the money received for theil
products or their labor deprecated
when they made their purchases, ant
the whole business Of the country Wa
hindered and burdaned. Changes ma!
become necessary but a national Sys
TEN of currency-Safe and acceptable
throughout the whole country-iS tn,
fruit of a bitter experience. and [ an
sure our people viii not consent to tn,
reactionary proposal made by the dem
ocratic party.
Few subjects have elected more dis
cussion or excited more general interes
than that of the recovery by the Unite
States of its appropriate share of III
ocean carrying trade. This subjec
touches not only our pockets, but on
national pride. Practically all freight
for transporting to Europe enormou
annual supplies of provisions furnishe
by this country and for the large retur
of manufactured products have fC
many years been paid to foreign shi
owners. Thousands of immigrants al
nually seeking homes under our fla
have been denied the sight of it unit