Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1892-09-09
The Pr-sidcnt's Letter.

The Pr.sidcnt's Letter.
President Harrison's letter accepting
the Republican Presidential nomination
was made public Monday night 1t con
tains over l0,oG0 words, is dated at
Washington, and the substance is as
follows:
The Hon. ". Mckinley. Jr.. and Others. Com
GENTLEMEN-I now avail myself OF the first
period OF relief from public duties to respond
to tie notification which you brought to me on
June - OF my nomination for the Office OF Pres
fdent OF the United States by the Republican
National Convention recently held at Mime
apolfs
accept the nomination, and am grateful for
the spproyal exp: essed by the convention OF
the acts OF the administration.
The great work OF the Fifty first Congress
has been subjected to the revision Of Demo-
cratic House of Representatives and the acts
OF the executive department to its scrutiny
and. and invssstiEstien, There h.. seldom been :
time. think, when change from the det Jared
policies OF the Republican to the declared poll
cies OF the Democratic party involved such
serious results to the business interests Of the
country. brief review OF what has been done
and Of what the Democratic party proposes to
undo will Justify this opinion.
The President then at some length
compares the present system of banking
and the issuance OF money with that
which prevailed before the withdrawal
OF State bank issues, and declares that
the present plan is the safest ever yet
devised.
He touches upon the commerce upon
the seas md recognizes the fact that
our exports are carried in vessels sail
ing under foreign flags. He says:
The merchandise balance OF trade, the treas
ury books show, is largely reduced by the an
nual tribute which We pay for freight and
passage money, The great ships ps-thc fastest
by our trade. are, in u secondary sense, war
ships of their respective governments, and In
time OF war would, under existing contracts
with those governments, speedily take on the
gums for which their decks are already pre-
pared and enter with terrible efficiency upon
the work OF destroying our commerce.
The undisputed fact is that the great steam
ship lines OF Europe were built up and are now
in part sustained by direct or Indirect govern
ment aid, the latter taking the form OF liberal
pay for carrying the mails or Of en annual
bonn. given in cons Iteration OF agreements to
construct ships SO ~ to adapt them for carly
ing an armament and to turn them over to the
was rsn on "p1a
can that II the United states would
have hs s,srs sus lines A., simisr policy must
enacted such a law, and under its benefi-
cent influence sixteen American steam
ships OF an aggregate tonnage OF s7,Ao tons
tracted to be built IN the American ship-yards.
In addition to this,li IL now practically GER
tain that we shalt soon have under the Ameri-
can nag one OF the finest steamship lines sail
Ing ont OF New York for any European port.
This contract will result in the CONSTRUCTION
in American shtp-yartis of four new passenger
..teamships OF ~ tons each, costing about
ss.nhoh, and will add to our naval reserve six
steafnphips the fastest upon the sea.
Mr.. Harrison favors the development
OF our South Atlantic and Gulf ports,
and the increased application of the
policy of reciprocity in South American
trade. For this latter, he ascribes all
credit to Mr.. Blaine, and in summing up
results and prospects, says:
At meeting held In March last of the asso-
ciated chambers OF commerce OF Great Brit ain
Great Britain to the Latin American countries
during the last year had decreased sI5 75o,o coo.
and that this WAS not due to temporary causes.
ssases to the ana of
shown their startled appreciation of the fact
that new and vigorous contestant has al-
peared In the battle OF the markets and has al
ready secured important advantages,
The most convincing evidence of the tre-
fnendohs eOmmercial strength Of our position
Spain have found II necessary to make recip-
rocal trade agreements with us for their West
india colonies. and that Germany and Austria
have given us Important concessions in ex-
change for the continued free importation of
their beet-suvAr product.
few details only as to the incrc8s in our
tThNe can DC given mere. Taxing all the cO0i-
tries with which arrangements have been
made, our trade 70 June 10, 1s!2. had lncreas
2s.7s per cent: with Cuba during the first ten
een and ts scs or or
per cent. The liberal participation OF our
farmers IN tho benefits Of this policy is shown
s S.a sss tsp5dt dats U% 81 iay H, se. .. Gen
nhring the frat half year of 1891 Havana re-
ceived lso.om bags OF nonr from Spain and
other ports of the island about an equal
fyn0f oil huDS 1fpr-
Ing the same period Havana received ID 976
bags of American -four and OF her ports approx
imately an equal amount, making about 900
bags.
But for the first half Of this year Spain has
sent less than ,6W hsgs to the whole Island
and the United states has sent to Havana
alone los, ,4s' bags and about an equal amount
to other ports nf the island. making approxi-
'nately asJ J,uo for the first half OF 1892.
Partly by reason OF the reciprocal trade
agreement but more largely by reason of ths
removal OF the sanitary restrictions against
American pork our export OF pork products to
Germany increased during the ten months
The British Trade Journal Of London, in a
recent issue. speaking Of the increase Of Aineri-
can coal exports and Of the falling OF Of the
English coal exports to Cuba says: 1T II an
other case Of American. competition. The
United States nnw supply Cuba with about
prospect of this trade increasing rs the forests
OF the island become exhausted and the use of
steam machinery on the estates is developed.
Alabama coal especially ie securing q reputa-
tiOn In the Spanish West Indies. and the river
ana rail improvements of the Southern States
will undoubtedly create an important Gulf
trade The new reciprocity policy by which
the United States are enabled 10 import Cuban
sugar will OF course assist the American coal
exporters even more effectively than the new
lines Of railway.
eht, and endangering Of future trade,
II the Democrats are successful, for he
declares they favor repeal of the reci.
procity provision. He further says:
The declaration OF the platform in favor Of
my most hearty approval. The convention
did mot adopt scheanls kppt, kpp, .et." -fh,ere may
so Gaettff0ehtts 81 opinion among prot tectionists
- TO the rate upon particular articles neoes.
abroad and 1t home.
In some not remote national campaigns the
To sh
pr1tsctive tariff both parties expressing =. some
HeGp ;na FOR ne o our
leadership the Democratic party has now
practically declared that, II given power, It
Its effect upon wages or upon the capital In
vested In our great industries.
The majority report Of the Committee on
Platform to the Democratic National Conyen-
tton at Chicago contained this clause:
That when custom house taxation te levied
upon articles OF any kind produced IN this
country tho difference between the cost OF
labor here and abroad, when such n differences
exists, fully measures any possible benefits 70
labor and the enormous additional imposSi-
tions Of the existing tariff fall with crushing
force upon our farmers and wufkfngmen,
Here we have distinct admission Of the II =
publican contention that American workmen
are advantaged by q tariff rate equal to the
difference between homo and foreixn wages,
and declaration only against tho ALLEGED "ad-
dittonal irnpOsitions" of the existing tarin law.
Again, this majority report further declared:
But In making reduction In taxes II is not
proposed to injurc any domestic industries.
but rather to promote their healthy growth.
- Moreover, many industries have eoa:e
to rely upon LEGISLATION for successful con-
tinuance, SO that any change OF law must be st
every step reFardful OF the labor and the capi-
tai thus involved.
Here we have An admission that Tany OF
our industries depend upon protective duties
for their successful continuance" and dccla.
ration that tariN changes should be re :sfdful
OF the workmcn in such industries end Of the
invested capital.
The overwhelming rejection Of these propo-
sitions which had before received the sanction
OF Democratic National Conventions vas not
more indicative Of the new and ,ac-e courage
GUS leadership to which the party has row