Waterbury evening Democrat. [volume] (Waterbury, Conn.) 1887-1895, 1892-09-06
Mr.. HARRISON'S LETTER
Formal Acceptance by the Re-
publican Nominee.
FEATURES OF THE DOCUMENT.

Carrying Trade - The Currency Cues
tion--Free Coinage of Silver - Federal
Elections Review of the Conduct of
the Administration.
WASHINGTON, Sep. 6.--The following is
President Harrison's letter accepting
the Republican nomination for the office
of President of the United states:
WASHINGTON, Sep. 3, 1892.
Hon, H-tUidm Mckinley, Jr, and others, Com
mite, etc. Gentlemen:
now avail myself of the first period of
relief from public duties to re spond to the
notification which you brought to me on
June 20, of my nomination for the office
of President OF the United States by the
Republican National convention recently
held at Minneapolis. 1 accept the nomin-
alton, and am grateful for the approval
expressed by the convention of the
acts of the administration.
shall speak frankly of the legislation
of Congress and of the work of the execu-
tive 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 depart
ments-that / may do so without impro-
priety.
The great work of the Fifty first Con-
gress has been subjected to the revision
of a Democratic House of Representa-
tives, and the acts of the executive de-
partment to it's scrutiny and investiga-
ton. A Democratic national admins
tration, and the freshness of the events
give unusual facilities for fair COMPARE
son and Judgment. There has seldom
been time, think, when a change from
the declared policies of the Republican to
the declared policies of the Democratic
party involved such serious results to the
business interests of the country
THE CURRENCY QUESTION.
The Republican party during the civil
war devised a national currency, consist
| ing of United States notes, issued and 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 State banks, and the
| intended result, that all such issues
| should be withdrawn, was realized. The
| notes furnished directly or indirectly by
| the United States have been the only, and
the safe and acceptable paper currency of
| the people. Our money is all national
money! might almost say international,
| for these bills are not only equally and
| indiscriminately accepted at par in all the
States, but in some foreign countries.
The Democratic party, if entrusted with
| the control of the government, is now
| pledged to repeal the tax on State bank
| issues, with view to putting into circu-
lation again, under such diverse legisla-
| tion as the States may adopt, flood of
| local bank issues. Only those who, in
| the years before the war, experienced the
| Inconvenience and losses attendant upon
the use of such money, can appreciate
| what return to that system involves.
| Changes may become necessary, but q
| national system of currency-safe and
| acceptable throughout the whole coun-
| try-is the good fruit of bitter expert
ences; and l am sure our people will not
consent to the reactionary proposal made
| by the Democratic party.
THE OCEAN CARRYING TRADE.
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. 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. The merchandise balance
of trade which the Treasury books show,
is largely reduced by the annual tribute
which we pay for freight and passage
monies.
The undisputed fact is that the great
steamship lines of Europe were built Ut
and are now in part sustained by direc
or indirect government aid. 1t is plaiI
to every intelligent American that if the
United States would have such lines,
similar policy must be entered upon.
The Fifty-first Congress enacted such
law, and, under it's beaefcent influence
16 American steamships of an aggregate
tonnage of 81. 400 tons, and costing 81, 400
600, have been built or contracted to be-
built in American shipyards. In addi
tion to this it is now practically certain
that we shall soon have, under the Ameri
can flag, one of the finest lines sailing on
of New York for any European port.
A special interest has been taken by mt
in the establishment of lines to Soutl
Atlantic and Gulf ports; and, when thei
people are more fully alive to their inter
ests, 1 do not doubt that they will be abb
t to secure the capital needed to enabl
!, them to profit by their great natural ad
vantages. The Democratic party ha
found no place in it's platform for any rel
erence to this subject, and has shown it
hostility to the general policy by refusin
to expend an appropriation made during
i the last administration for ocean maj
n contracts with American lines.
1 THE RECIPROCITY POLICY.
Another relaUeu measure as 1urnlSnln
" an increased ocean traffic for our ship:
l. and of great and permanent benefit to tn
l. farmers and manufacturers as we'll,
= the reciprocity policy declared by sectio
" three of the tariff act of 1890, and now
- practical operation with five of the nation
of Central and South America, Sa
Domingo. the Spanish and British We:
3 India Islands, and with Germany an
Austria, under special trade arrang
h ments with each.
70 The removal of the duty upon sugs
and the continuance of coffee and tie
70 upon the free list, while giving grea
= relief to our own people by cheapenin
=, articles used increasingly in every hous
hold, was also of such enormous adval
~ tage to the countries exporting the!
70 articles, as to suggest that in consider
n ton thereof. reciprocal favors should
It shown in their tariffs to articles exporte
e. by us to their markets. Great credit
due to Mr.. Blaine for the vigor wit
which he nreSSed this view I1non ri