The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1892-09-14

WASHINGTON, Sept 0.-The following
is President Harrison's letter accepting
the Republican nomination for the
office of president of the United States:
WASHINGTON, Sept. 8.
Hon. William Mckinley, Jr.. and Others
Committee, Etc:
GENTLEMEN 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 nOmtna-
ton for the office of president of the United
States by the Republican national conven-
ton recently held at Minneapolis. ac-
cept the nomination and am grateful for
the approval expressed by the convention
of the acts of the administration.
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 1883. II
| the policies of the administration have not
been distinctively and progressively
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
Experimentation the credit Of any sue
cesses that have been attained is in such
measures due to others-senatOrs and
representatives, and TO the efficient heads
of the several executive departments-that
] may do so without improperly. a vote OF
want of confidence is asked by our adver-
saries; and this challenge to a review Of
what has been done we promptly and
gladly accept
The general work OF the Fifty-first CON
| gress has been subjected to the revision Of
| Democratic house of representatives, and
| the acts of the executive department to its
| scrutiny and investigation n Democratic
| national administration was succeeded by
| nd mil istp ufi Ia
| freshness of events gives unusual facilities
for fair comparison and Judgment. There
| has seldom been n 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 to the business interests OF the coun-
! try.
A brief review Of what has been done
| and of what the Democratic party propose
to undo, will Justify this opinion. The
Republican party during the civil war, de
| viSed n national currency, consisting of
| United SITES notes, issued and redeemable
| by the government, and of national bank
| notes, based upon the security of United
States bonds A tax was levied upon the
| issues Of state banks and-thc intended re-
| suit, lhGt all such issues should be with
| Drawn, was realized.
There are men among us now who never
saw n state bank note The notes fur
nished, directly or indirectly, by the United
| States have been the only safe and accept
able paper currency of the people. Bank
| failures have brought no fright, delay or
| loss to the bill holders. The note of an in
| solvent bank Is as good and as current as a
| treasury note-fOr the credit of the United
| States lie behind ii.
Our money is all national money.
might say international, for these bills
nre not only usually and indiscrimin-
atelY accepted at par In all the states but
| In some foreign countries. The Democratic
| party, II entrusted with the control of the
government, Is now pledged to repeal the
tax on state bank issues, with view to
putting into circulation again, under such
| diverse legislation as the states may adopt,
a flood of local bank issues. Only those
who in the years before the war, expert
| enCed the inconvenience and losses attend
ant upon the use of such money, can APP
preciate what return TO that system in
| wolves.
The denomination of bill was then
often no indication of its value. The ba y
detector OF yesterday was not n safe guiue
today 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 i'm 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 conse-
| quence a mOney-changer's Office was G
familiar neighbor of the ticket Office and
the lunch counter
The farmer and the laborer found the
money receiN ID for their products or their
labor dcprec tied when they came to make
| their purchaS ~, and the whole business OF
| the country was hindered and burdened.
Changes may become necessary, but ma
| tional system of currency-safe and accept
| able throughout the whole country-is the
good fruit OF bitter experiences, and | n
| sure our people will not consent to the re
dictionary proposal made by the Democratic
party.
| American shipping.
Few subjects have ELECTED more discussion
| or excited more general interest than that
of the recovery by the United States of its
appropriate share OF the ocean carrying
| trade.
This subject touches not only our peck
| cts, but our national pride. 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
Thousands of immigrants annually seek
ing homes under our flag have been denied
the sight of II until they entered Sandy
Hook, while increasing thousands Of Amer
lean citizens, bent on European travel,
have each year stepped into foreign jnrs-
diction at the New York docks The mer-
chandise balance of trade, which the treas
ury books show, Is largely reduced by the
annual tribute which we pay for freight
and passage moneys. The great ships-the
fastest upon the sea-which are now In
peace proflting by our trade, are, In sec
ondary sense, warships Of their respective
governments, and in time of war would
under existing contracts with those govern
ments, speedily take on the guns, for which
their decks are already prepared, and entel
with terrible efficiency npon the work o
destroying our commerce. The undis
puted fact IL that the great steam
ship lines Of Europe were built up and arr
now In part sustained by direct or indirect
government aid-the latter taking the form
OF liberal pay for carrying the mails, OF
of an annual bonus given In consideration
OF agreements to construct the ships 20 hs
TO adapt them for carrying an armame (
and TO turn them over TO the government
ON demand upon specified terms.
IL was plain TO every intelligent Ameri
can that II the United States would have
such lines, a similar policy must be entered
upon. The Fifty-frst congress enacted
such law; and under its beneilcent IN
fluence, sixteen American steamships
having an aggregate tonnage Of 81, "
tons. and costing t7.400,000 have been
built or contracted TO be built IL