The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1892-09-06
LETTER OF ACCEPTANCE.
HARRISON REVIEWS THE SUB
JECTS In ORDER.
He Now Makes the lssues---The Peo-
pic Will Soon do the Re
pudiating.

pudiating.
BY Telegraph to the State Chronicle
WASHINGTON ID. c., Sept The
following is President Harrison letter
accepting the republican nomination for
the office of President of the United
States:
"WAsHiNGToN, d. c., Sept 3, 1892.
lien William McKmley, dr. and others,
C0mmttee, etc:
GENTLEMEN:-I now avail myself of
the first period of relief from public du-
ties to respond to the notification which
you brought to me on June goth, of my
nomination for the Office of President of
the United States by the Republican Ma
tional Convention recently held at Min
neapolis. ! acceBts,the- nomination anG
am grateful for the approval expressed
by the convention of the acts of the ad
ministration. l have endeavored with
out wavering or WEAKNESS, SO far as the
direction of public affairs was committed
to me, to carry out the pledges
made to the people in 1888. If
the policies of the administration
have not been distinctively and
progressively American and republican
| policies the Iault has not been IN the pHr-
pose, but in the execution. | shall speak
| frankly of the legislation of Congress
and of the work of the executive depart
ments-for the credit of any successes
that have been attained is in such
measure due to others and
Representatives, and to the efficient
heads of the several executive depart
ments-that | may do SO without impro-
priety. A vote of want of confidence is
asked by our adversaries; and this chal
lenge to a 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 dem
ocratic House of Representatives and the
acts of the executive department to its
scrutiny and investigation. A democratic
National administration was succeeded
by a republican administration, and the
freshness OF the events gives unusual
facilities for fair comparis on and judg-
ment. There has seldom been time, |
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 inter
ests of the country. A brief review of
what has been done and of what the
democratic party proposes to undo, will
justify this opinion. The republican
party, during the civil war. devised 6
National currency, consisting of United
States notes, assured and redeemable b,
the government, and of National banl
notes, based upon the security of United
, States bonds. A tax was levied upor
the issues of State banks and the intend
, ed results, that all such issues should b,
withdrawn, was realized. There are
F men among us now who never
saw a State bank note. The 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 hav
l brought no fright, delay or loss to tn
bill holders. The note of an insolven
, bank is as good and as current as treas
: ury note-for the credit of the Unite,
D States is behind it. Our money is al
national money! might almost say in
!. ternational for these bills are not onl
g equally and unfortunately accepted a
par in all the States, but in some foreig
y countries. The democratic party, if en-
trusted with the control of the govern
ment is now pledged to repeal the tax o
State bank issues, with view to putin
into circulation again, uuder such divers
legislation as the States may adopt,
flood of local bank issues. Only thos
who, in the years before the wa
IT experienced the inconvenience and loss,
u u attendant upon the use of such none
r. can appreciate what return to that sy
Is tenn involves. The denomination of
l. bill was then often no indication of i
" value. The bank detector of yesterda
was not safe guide to day as to cred
or values. Merchants deposited sewers
times during the day lest the hour
5; bank closing should show depreciatio
It of the money taken in the morning TT
b traveller could not use in a journey in tt
v east the most solvent banks of the ives
" and In consequence money changer
q. office was the familiar neiehbor of tt
: ticket Office and the lunch counter. TT
4. farmer and the laborer found the mon
- received for their products or the
~ labor deprecated when they can
to make their purchases, and the who
~ business of the country was hinder,
and burdened. changes may becou
necessary; but national system of Gu
:. rency safe ond acceptable througho
p3 the whole country-is the good fruit
- bitter experiences land am sure our pc
I pie will not consent to the r, r,actiona
prosposal made by the democratic part
> Few subjects have elected more discu
sion or excited more general intere
than that of a recovery by the Unit
81 States of its appropriate share of
f. ocean carrying trade. This subje
touches not only our pockets but O
Id national pride. Practically all t
freights for transporting to Europe t
10 enormous annual supplies of provisio
is furnished by this country and
ur the large return of manufactured p
r. ducts have for many years been pa
"a to foreign ship owners. Thousan
of emigrants annually seeking hon
d, under our flag have been denied
ng sight of it until they entered San
:. Hook, while increasing thousands
u American citizens bent on Eureope
n travel have each year stepped into f
ID eign jurisdiction at the New York doc
| The merchandise balance of trade, VIII
the treasury books show, is largely
duced by the annual tribute which
n pay for freight and passage monies. I
Il, great ships-the fastest upon the SCI
which are now in peace profiting by
trade are, in a secondary sense, '
or ships of their respectiue governmer
ire and in time of war would, under ex
st, ing contracts with those governme
speedily take on the guns for which tn
decks are already prepared and en-
with terrible efficiency upon the work
x. destroying our commerce. The
disputed fact is that the gr
steamship lines of Europe W
built up and are now in part s
se. tanned by direct or indirect governm
aid, the latter taking the form of libe
G.. pay for carrying the mails, or of an
= nual bonus given in consideration
is, agreements to construct the ships Sc
an to aSiapt them for carving an armam