The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1892-10-19
REDS ACCEPTANCE.
THE LETTER OF ACCEPTANCE
MADE PUBLIC LAST NIGHT.
Says Democrats are Formidable Oppo.
nent>---FOrce Hill Matter Of
Small Importance.


Small Importance.
By Telegraph to the State Chronicle.
New YORK, Oct. 1s.-Hon. Whitelaw
Reid's letter accepting the republican
nomination for Vice President was made
public tonight. 1t is addressed to Hon.
W. T. Durbin. Anderson. Ind, and is
dated Ophir farm, New York, October
IS, 1892. In it Mr. Reid says:
When the nomination with which the |
National convention had honored me
was formally announced by your COM
mittee, I accepted it at once. In doing
so, / accepted also the principles set
forth ln the resolutions adopted by the
convention as the basis of the appeal to
the popular suffrage.
There will be no misunderstanding
as to the purposes of the republican par
ty in this contest, and no doubt as to the
attitude of its candidates. What it in
tends it has set forth In language that
can not be mistaken: ard they will
strive, by all the lawful means in their
power, to enforce its plainly expressed
will
The party platforms, ,so-called, are more
important this year than usual. Both
the leading candidates have once com
manded the approval of the American
people in its highest form of expression.
Attention is therefore concentrated less
on the men themselves and more or the
part of the principles each was put for
| word to represent. and would, in case of
| a1aatinp ha 70
1t is obvious that the really vital issues
which this year divide parties, and de-
mand popular decision are those relat-
ing to the tariff and the currency. Fort
unately both sides have stated their po-
sitions on these subjects with directness,
simplicity and frankness
We favor a protective tariff and when
in full power made the present one.
Our opponents favor tariff for revenue
only, and promise the repeal of the pres
ent one.
We maintain that the tariff should
cover the difference in the cost of the
home and foreign product caused by the
difference in the home and foreign wages
for the labor employed upon it. Our op
ponents distinctly repudiated the propo
sition that American wages should be
considered in the matter, and declared
instead that tariff levied for anything
but revenue only was unconstitutional
We maintain that the present tariff has
worked well; that it has developed
American manufacturers. steadied and
increased American wages and promoted
the general prosperity. Our opponent'
deny that there has been any increase o.
prosperity under the present tariff, de
r clare that wages have been reduced anC
e denounced the republican policy, which
2 as they say, fosters no other industry s.
much as that of the sheriff.
q We favor the system by which, whe
t we think the country ready for the re
f duction or abolition of duties, we insis
e upon getting corresponding and reciE
: r0cal advantages from foreign countrie
n as the condition of their enjoying thes
IS advantages in our own market Our or
u ponents denounce this reciprocity as
4 sham; and therefore influentially pledg
f. ourselves to its repeal.
Speaking of the expediency of pre-
tective tariff, Mr.. Reid says it has bee
vindicated by the experience of the las
thirty years, the most wonderful perio
of financial success ever unheard of di
=. ficulties in the record of modern civil
l. zation. Under it and by its aid the n
'e publican management of our finance
r has resulted in the largest payment
= a national debt in the shortest tin
10 kno wn to history, and in the simutan
e Gus development of the industries of tt
% country and the prosperity of the peop
,r on scale without parallel
~ Coming down to the question of rec
d, d, procity Mr.. Reid says at the close of I'll
Ia fiscal year in June last. it had been
operation but few months, and had il
creased our trade with the foreie
countries to which it had been apple
nearly one fourth.
Id On the subject of the currency, Il
issue between the republican par
and its opponents is almost as sharp
defined as on the tariff. We demar
IL that every dollar. paper, silver or gol
d shall be made and kept as good as al
he other dollar. Our opponents, while pr
Mt Tossing the same desire, demand tn
II. the national bank currency shall
&c broken down by the repeal of the t
VI per cent tax on the issues of State bank
'h' The proposal of our opponents is to Sc
lb- tionalize it again, and thus return to t
uc OLdtc Dduh oJSVCI IL W
he rarely equal to coin, was often at a rui
I'D Gus discount, and often worthless.
There is good reason to hope for sol
practical union of effort for a comm
solution of the silver problem, with
increased use of silver, through the
newed international silver conferen
- which the wise policy of the present
nv. ministration has secured from the lie,
O . ing commercial nations of the world.
is a statement which no candidate a
=, ,oh competent business authority, whatev
ne his political tendencies. can deny, Il
a the adoption now of the policy avoW
ow by our opponents in their declaration
ors principles as to the appeal of the pres
no tariff, the passage of tariff for reveI
~, only and the substitution of State ba
ho for national currency, would give an
not mediate and disasterous shock to bl
ness. The duty of carrying ont
plain purpose decided by an overwhe
ing majority in the highest democr'
tribunal, would devolve, not upon
o;a, President. but upon Congress to
ol'i elected by this party, which prom
line e,lo .;n e. .a,,o,,,,o 81
e prOnounces any CONSTITUTIONAL ana
was poses to abandon the national b
'. ~ currency in favor of that issue by 81
49,, banks.
and The danger has never before been
i'm great. Inc democratic party mas oi
are threatened the peace or prosperity of
t at country, oue not lor one hour 81
o. a March, 1859, has the democratic p'
fety had power 10 controi tne legisia'.on
-hen direct the pollcy OF the Cnlteo ot
government. But the present polit
situation makes it plain to every obse
that a democratic victory in the St
leep elect a President. would also in.
n OF them enough new Senators to reverse
+ be present slender majority in the Tn
L If States Senate If they elect a PreSI,