The Republican journal. [volume] (Belfast, Me.) 1829-current, 1892-09-15

LINE OF DEMARC ALTON BETWEEN THE
PARTIES.
President IIarrison's letter accepting
for President, is as follows:
WASHINGTON. Sept. 3, 1892.
Hon. WILLIAM MCKINLEY. JE. and 9th
erS. committee. &c:
GENrlEMEN-I now avail myself of the .
first period OF relief from public duties to
respond t" the notification which You |
brought to me on June 20 OF my nomlna- |
-si~4l 1uI the office of President Of the
United states by the Republican National
Convent N recently held at Minneapolis.
| accept the nomination and am grateful
for the approval expressed by the Con
vention Of the acts OF the administration.
| have endeavored. without waverin9 or
WEAKNESS. SO far as the direction of pub
lie affairs was committed to me. to carry
out the pledges made to the people in
1855 If the policies of the administration
have Not been diStinctiveiy and progress
sivelN American and Republican policies,
the fault has not been in the purpose, but
in the execution. | shall speak frankly
Of the legislation OF Congress and of the
work of the executive departments, for
the credit of any successes that have been
attained is in such measure due TO others
Senators and Representatives and to the
efficient heads of the several executive
OBSERVATION-DISCLOSURES | may do SO without
impropliety. vote OF want OF conn.
dence is asked by our adversaries, and
this challenge to review OF what has
been done we promptly and gladly accept
WORK OF CONGRESS.
The great work of the Fifty-iirst Con
gress has been objected to the revision OF
a Democratic House of Representatives.
and the acts of the Executive Department
to its scrutiny and investigation Demo-
cratic national administration was sue
ceeded by Republican administration,
and the freshness of the events gives I'M
usual facilities for fair comparison and
Judgment. There has seldom been a time,
think. when a change from the declared
policies of the Repr blican 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 national currency, consist
ING Of nited States notes issued and re-
lleemahle by the government. and OF ma
tional bank notes based upon the secul-
ity of United States bonds. \ tax was
levied upon the issues of State banks and
the intended result. that all such issues
should he withdrawn. WAS realized. There
are men among us now who never saw Il
Stat bank note. The notes furnished di-
rcctly or indirectly by the Jnited States
have been the only and the safe and ac
reptabe paper currency of the people.
Bank failures have brought no fright. de
lay or loss to the Till holders The note
Of an ns0lvent bank is as good and as
current as a Treasury note-for the credit
Of the nited States is behind it. Our
money is all national money! might al
most say International for these bills are
not only equally and indscriminately ac-
tepted at par in all the States. but IN some
foreign countries.
WILDCAT BANKING.
The Democratic party if intllstcd with
the control of the government is now
pledged to repeal the TAX on State bank
issues. with view to putting into circula
ton again, under such diverse legislation
as the States may adopt. flood OF local
bank issues. only those who in the years
before the war experienced the inconven-
fence and losses attendant upon tie use OF
such money can appreciate what return
to that system involves. The demonlna-
ton of a bill was then no indication of its
value. The bank detector of yesterday
was not Il safe guide to-day as to credit or
values. Merchants deposited several times
during the day lest the hour of bank clos
ING should show a depreciation of the
money taken in the morning. The travel
en- could not use in a journey to the East
the issue of the most solvent banks of the
West. and i'll consequence money chang
el s office was lie familiar neighbor OF the
ticket office and the lunch counter. The
farmer and the laloler found the money
received fur their products rf their labor
deprecated when they came to make their
purchases. and the whole business OF the
country was hindered and burdened
Changes may become necessary. but a
national system Of culency-safe and ac-
ceptalle throughout the whole country
is the good fruit of bitter experience and
am Sure on people will not consent to
tie reactionaly proposal made by the
DDnocratic party.
OCEAN CARRYING TRADE.
Few subjects have elected more discus
sion or excited more general interest than
that Of a recovery by the United States of
its appropriate share of the ocean carry
ing trade. This subject touches not only
our pockets, Out our national pl1ue.
Practically all the freights for transporting
to Europe the enormous annual supplies
of provisions furnished by this country,
and for the large return of manufactured
products, have for many years been paid to
foreign ship owners. Thousand of imm-
grants annually seeking homes under our
flag nave been denied the sight of it until
they entered Sandy Hook, while increas-
ING thousands OF American citizens, bent
on European travel, have each year step
ped into foreign jurisdiction at the New
York docks. The merchandise balance of
trade which the Treasury books show is
lng, ~ reduced by the annual tribute
which we pay for freight and passage
moneys. The great siips-the fastest
upon the sea-which are now in peace
proiiiin9 by our trade, are in secondary
sense war ships of their respective govern
mtnts and in time Of war would under
existing contracts with those governments,
speedily take on the guns for which their
decks are already prepared and enter with
terrible efficiency upon the work of des-
trOyinC our commerce. The undisputed
fact is that the great steamship lines of
Europe were built up and are now in part
sustained by direct OF indirect government
aid-the latter taking the form of liberal
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