The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-09-06
The President Formally Accepts the Re-
domination rendered by His Party,
And Accompanies the Announcement with q
Forcible discussion of the Issues Pre-
sented in the Political Plat iorms
Reciprocity, Tariff, Silver and Other
Questions Treated 10 a Mastery Way,
And the Danger that Would Attend the success
Of Democracy, if Its Principles We're Car
ried Out. Shownin Convincing Words.

WASHINGTON, Sept 5.-Followlng 10
President Harrison's letter accepting the
Republican nomination for the Office of
President of the United States:
WASHINGTON. Sept. 8. 1892.
To Hon. William Mckinley, jr. and Others:
Gentlemen-I now avail myself of the
first period of relief from public duties to
respond to the notification which you
brought to me on June 20. of my nOmiIa-
tion for the Office of President of the
United States. by the Republican ma
tlonal convention, recently held at Mime
spoiIs.
accept the nomination. and am grateful
for the approval expressed by the cOnven-
tion of the acts Of the administration. l
have endeavored. without 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 1881. If
the policies of the administration have not
been distinctively and progressively Amer
lean and Republican policies. the fault has
not been in the purpose, but in the execu-
tion. | shall speak frankly of the legisla-
tiOn of Congress and of the work of the
executive observation-disclosures the credit of
any successes that have been attained is
in such great measure due to Senators
and Representatives and to the efficient
heads of the &c NerAl executive depart
ments-that / may do so without imDro-
priety. A vote of want of confidence is
asked for 0y our adversaries; and this chai-
lenge to n review of what has been done
We promptly and gladly accept.
The great work of the Fifty-frst Congress
has been subjected to the revision of a
Democratic House of Representatives. and
the acts of the executive department to
Its scrutiny and investigation. A Demo-
cratic national administrator wassucceed-
cd by q Republican administration, and
the freshness Of events gives unusual
facilities for fair comparison and judg-
ment. There has seldom been q time, l
think, when q 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 Demo-
cratic party proposes to undo will justify
this opinion.
II CURRENCY QUESTION.
The Republican party. during the civil
war. devised q national currency. consist
ing of United States notes, issued aid re-
deemable by the government. and of ma
tional- bank notes, based upon the security
of United States bonds. A tax was levied
upon the issues of estate banks. and the
intended result. that all such issues should
be withdrawn, was realized. There are men
among Us now who never saw q State-bank
note. The notes furnished directly or in
directly by the United States have been
the only and the safe acceptable paper cur
rency of the people. Bank failures have
brought no fright. delay or loss to their
holders. The note of al ins0lvent bank is
as good and as current as o treasury note
for the credit OF the United States is se-
hind it. Our money is all national money
Il might almost say interna tIonal. for the
bills are not only equally and indlscrim-
inately accepted 1T par in all the States,
but In some foreign countries.
The Democratic party. if Entrusted with
the control of she government, is now
pledged to repeal the tax on State bank
Issues. with a view to putting into ~circula-
{ on again, under such diverse legislation
as the States may adopt. y food of bank
Issues. Only those who, in the years be-
fore the war, experienced the incon-
venience and losses attendant upon the
use of such money can appreciate what a
return to that system involves. The dc.
nomination of a bill was then often no in
dication of It's value. The bank deteotor
of yesterday was not q safe guide to-day as
to credit OF values. Merchants de-
ccssxaA eAUaral t,pnaa dnrion tha H.,
lest the hour of bank closing should
show o depreciation OF the money
taken In the morning. The traveller
could not use in a journey to the East the
issues of the most solvent banks of the
West; and In consequences a money chang
er's Office was the familiar neighbor of the
tickle. office and the unch-counter The
farmer and the laborer found the money
received for their products or 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 q ma
tional system of currency, safe and accept
able throughout the whole country, 10 the
good fruit OF bitter experiences: and / am
sure our people will not consent to the reac-
tionary proposal Made by tho Democratic
party.
RECOVERING PRESTIGE On THE SEA.
Few subjects have ELECTED more discus.
sion or excited more general interest than
that Of recovery by the United States Of
its appropriate share of the ocean carrying
trade. This subject touches not only the
pockets but our national pride. Practi-
cally all the freights for transportation to
Europe. the 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. Thousands of
emigrants. annually seeking homes under
our flag. have been denied the
sight of it until they entered Sandy
Hook, while increasing thousands of Amer
lean citizens. bent on European travel.
rave each year stepped into q foreign
jurisdiction at the New York docks. The
merchandise balance of trade which the
treasury hooks show 10 largely reduced by
the annual tribute which we pay for freight
I and passage money. The great shIps. the
fastest upon the. sea, which are now IN
peace profiting by our trace. are. in q Sec
ondary sense. war ships Of Ineir respective
governments. and in time Of war would,
under existing contracts with those gov