Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1892-10-06
PRESIDENTS LETTER.
BENJAMIN HARRISON on THE ISSUES
OF THE DAY.
Advantages of Reciprocity and Pro
lection shown = Forcibie Discus
sion of the TariH-A Firm
stand Against Free
Coinage.

avail myself If the first period of relief
from pubic duties 10 respond to 'he NOUN
cation VIII you brought 70 me on June ~
on the nomination of President OF the
United states by the Republican National
convention held az Mmuaapo lis / accept
the nomination and am grateful for the
approval expressed ty the convention Of
the acts of the administration. | have en-
delvored without wagering, so far as tue
di. neuou OF }abiIc aHalra was committed
t. NE 10 carry cut the pledges made to the
people IN sA ii the policies Of the adj
mulstratIon ,a"e not b IN dist neuvely
and progressively american and Eepua!l-
can 10 lcles the fault las not been III the
purpose out IN the execution. | shall
spta6 frankly Of the legislation Of congress
and the work OF the executive depart
NESTS. for the credit of any successes that
nave uccn attained Is IN such measure due
T. others. senators ami representatives and
10 The eli citut heads n tie several execu-
tive departments, that may do 50 without
improprIct 4 vote OF want Of conn.
dence IS asked br our adyersaries, and this
challenge 10 a review Of what has been
done we promptly and gladly accept.
The great work Of the tiity-hrst con
gress has been subjected 10 the REVISION of
Democratic house Of representatives and
the acts OF the executive department 70 its
scrutiny and investigation. A Democratic
national administration vas succeeded by
Republican administration and the fresh
ness OF the events gives unusual facilities
for fair comparison and judgment. There
has seldom been a time, ! think, when a
change from the declared policies OF the
Republican TO the declared policies Of the
Democratic party involved such serious re-
suits 70 the business interests OF the coun-
try. \ bret review OF what has been
done and 81 what the Democratic party
prog TO undo VIII justify tins opinion.
NATIONAL CURRENCY.
The Republican party, during the civil
war. devised a national currency consist
ing OF United States notes, issued and re-
deemahle by the government, and of
national bank notes based upon the Sc
curity of | nited 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should be Withdrawn was realized.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 a
state bank note. The notes furnished dr.
fectly or indirectly by tie United States
have been the only and the safe aud aceepta-
bic paper currency of the people. Bank
failures have brought no fright, delay or
loss to the biiihGlders. The note of an in
solvent bank as good ard as current as
a treasury note, for tile credit of the
United States IS behind 1t. our money is
all national money, / might almost say in
ternauonal, for these bills are not only
equally and indlscrminately accepted at
par IN all states but in some foreign coun-
tries.
The Democratic party, ii entrusted with
the control OF the government is now
pledged to repeal the tax on state bank is
sues, with view TO putting into cIrcull-
ton again, under such legislation as the
state may adopt, flood of local bank is
sues. Only those who in the years before
the war experienced the inconvenience
and losses attendant upon the use OF such
money can appreciate what a return 10
that system involves. The denomination
OF bill was then often no indication OF its
value. The Bank DetcCtUr OF Yesterday
was not safe guide to-day as TO credit or
values. Merchants deposited several times
during the day-leSt the hour OF bank
closing should show a depreciation OF the
money taken IN the morning Ihe tray
eier could not use IN Il journey TO the East
the issues oil The most solvent banks of the
West: and in consequence a money chang
er ) Office was the tamIaF neighhOr of The
ticket once and the lunch counter The
farmer ana the labOrcr found the money
received for the products OF their LABOR de-
preelated when they came 10 make their
purchases, ana the whole business OF the
country was hIndcred and burdcned
Changes may become necessary, but Ma
tOnal system of currency-Safe and ae-
eeptable throughout the whole country, Is
the good fruit oil bitter experiences, and
am sure our people viii not consent to the
reacuonary proposal made by the Demo
cratic party.
OCEAN COMMERCE.
Few subjects have elected more discus
sion or excited more general interest than
that OF recovery by the L nlted States of
Its appropriate share OF the ocean carry
ing trade. mis- subject touches not only
our pockets but our national pride. Prac
ticaly all charges tor transporting 10
Europe the enormous annual supplies OF
provisions furnished by tins country and
tor the large return OF manufactured pro
duets have tor many years been paid 20
foreign shlpowners. Thousands of I'M
migrants annually, seeking homes under
our lag, have been denied the sight OF 1t
until they entered Sandy Hook, WhIls in
creaSing thousand of American citizens,
bent upon European travel, have each year
stepped INTO foreign jurisdiction at the
New orK docks. he merchandise bal,
ance of trade which The treasury books
show, is largely reduced by the annual
tribute winch We pay Tor freight ana pas
sage moneys he great ships the fast
est upon the Sea--WMch are now IN peace
Fronting by our trade are in a secondary
sense war ships of their respective govern
mentS and IN TIME oil war would, under OK
iStng contracts with those governments,
speedily take on the guns for winch their
decks are already prepared and enter with
terrible efficiency upon the work OF de-
stroyIng our commerce Inc undISputed
tact IS that the great steamship lines Of
Europe were built up ana are now IN part
sustained 10y direct or indirect government
RQ, the latter taking the form OF hDeral
pay for carrying. the ma3IS or OF IN annual
bonus given II consideration OF agreements
TO construct ships SO as To auapt them for
carrying an aTuamen. and TO turn them