Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1892-09-06
HARRISON ! az.
1t Is Formally Accepted in an
Address to His Party.
THEREPUBLIoAEP POLICY REVIEWED

Protection TO American Industries, "a
Free Ballot and a Fair Count" BIZ
metaiiism aud the Administration's For
eign Policy the Chief Issues Discussed.
WASHINGTON, Sept. 6-The following is
President Harrisons letter accepting the
Republican nomination for the Office Of
president Of the United States
wAsnINoroN. sept 3 1872.
Hon. William Mckinley, Jr.. and Others.
GrN1LEMEN- now avail myself Of the first
period Of relief from public duties 20 respond 10
The notification which you brought 10 me on
June 20 OF my nomination Tor the Office of prcsi-
dent OF the United States by the Republican
national convention recently held at Minno-
apolis. ! accept the nomination, and am CRATE
ful FOR the approval expressed by the conven-
tion Of the acts OF the administration. have
underworld without wavering or wearinoss, Sc
far a. the direction Of public affairs was com
mitted TO me, 90 carry out the pledges made 20
the people ia 1883 III the policies OF the admin
istration have not been distinctively and pro
gressivcly American and Republican policies,
the fault has not been in the purpose, but in
the execution.
shall speak frankly Of the legislation % con-
gress and of the work of the executive depart
monts, for the credit Of any successes that
have been attained Is in such measure due to
others-sonators and representatives, and 90
the efficient heads OF the several executive de-
parimcnts-that 1 may do so without impro
prieiy. vote of want Of confidence is asked
10y our advorsarics and tins challenge to "a re-
view of what has been done We promptly and
gladly accept
The great work Of the Fifty first congress
has been subjected 20 the revision Of q Demo
cratic house of representatives. and the acts OF
the executive department 20 its scrutiny and
investigation. A Democratic national admin
istration was succeeded by q Republican ad-
minisiration, and the freshness of the cve7t
gives unusual facilities for fair comparison ami
Judgment. There has seldom been time, j
think when a change from the dDc.lrod poll
cies Of the Republican 90 the declared poll
cies Of the Democratic party involved such
serious results 20 the business interests of the
country. A brief review of what has been done
and OF what tho Democratic party proposes 20
undo viii justify this opinion.
Tho Financial Policy.
Tho Republican party during the civil war
devised anational currency consisting of United
States notes issued and redoemable by tho gov
eminent, 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 an such issues should be
withdrawn, was realized There are men among
us now who mover saw a stale bank note. The
United States have been the only and tho safe
aud acceptable paper currency OF tho people
Bank failures have no fright, delay or loss 60
the bill holders. The motto of an insolvent bank
Is as good and as current as a treasury note for
the credit of the United States Is behind it,
Our money Is all national money! might
almost say international, for those bills are not
only equally and Unfortunately accepted at
par In an the states, but IN some foreign cOun-
tries. The Democratic party, II intrusted
with the control Of the government, Is now
pledged TO repeal the tax on state bank issues
with view 70 putting into circulation again.
under such diverse legislation tho states
may adopt, food Of local bank issues. Only
those who. IN the years before the war. ex-
poilonccl the Inconvenience and losses attend
ant upon the use OF such money can appre-
ciate what return to that system involves
The denomination of q bin was then often no
indication of its value The bank dctector OF
yesterday was not safe guide today TO
credit or values. Merchants deposited several
times during the day, lest tho hour OF bank
closing should show depreciation Of the money
taken in the morning.
The traveller could not use In a journey 70 the
east the issue of the most solvent banks OF tho
west, and, in consequence, money changers
Office was the familiar neighbor OF the ticket
office and the lunch counter. Tho farmer and
the laborer found the money received for thor
products or their labor deprecated when they
caine 20 mako their purchases, and the whole
business of the country was hindored and bur.
dcned. Changes may become necessary, but a
national system OF currency safe and accept-
able throughout the whole country lis the good
fruit OF bitter experiences; and ] am sure our
people wiz not consent to the roactionary pro
posal made boy the Democratic party.
The president then reviewed the legisla-
tion enacted by the Fifty-hrst congress to
recover to the United States the ocean car
iying trade and the successful results that
attended it, and argued that the policy OF
reciprocity was also a large factor in such
results. OF reciprocity itself the president
says
Reciprocity.
Great credit IS due 20 Mr. Blaine for the vigor
with which be pressed this upon the country
We have only begun to realize the benefit OF
these trade arrangements. The work of ere
ating new agencies and OF adapting our good.
10 now markets has necessarily taken time bul
the results already attained are SUCH am
sure rs 20 establish In popular favor the polio,
OF reciprocal trade. based upon the free inpor
taton OF such articles rs do not injurousl,
compete with the products OF our own farms
mines or factories, in exchange for the free of
favored introduction Of our products oothcl
countries The obvious efficacy Of this poic,
in increasing the foreign trade OF the Unite,
states az once attracted the alarmed attention
OF european liNuf Journals ana boards OF trade
The British board of trade has presented {,
that government memorial asking for the an
pointmcnt of a commission 90 consider the hos
means % countoracting what is called 9Th
commercial crusade OF the United States
AT n meeting held in March last of the asso
ciated chambers of commerce OF Great Britain
the president reported that the exports frou
Great Britain 20 the Latin American countrie
during the last year had decreased S23750O1
and that this was rot due to temporary cause,
but directly TO the reciprocity policy OF IA
United States. Germany and France nave ais
shown their startled appreciation Of tho fac
that a now and vigorous contestant has an
poared IN the battle of the markets aud has a
ready secured important advantages Tn
most convincing evidence of the tremendou
commercial strength OF our position Is found /
the fact that Great Britain and Spain hay
found IL necessary 90 mako reciprocal trad
agreements with ms for their West India col,
mics. and that Germany and Austria have rive
ns important concessions In exchange FOR IA
continued free importation OF thoir beet surai
The letter then gives in detail the il
creascs IN our trade under this policy an
adds:
The Democratic platform promises reno.
u the tariff law containing this provision. au
especially denounces as sham reciprocity
that section of the law under which these traf
arrangements have been made II no 9th,
issue were involved In the campaign this alor