The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-09-07
GEATTLE. WEDyESDAY. SEP.


lIR. HARRIsOS's LETTER OF AC-
CEPTANCE.
President Harrison's letter Of accept
ance is an exceedingly able review of the
work of the Republican party. administra-
tive and legislative, since he assumed the
reins of the presidency, and is a most
mastery campaign document. The presi-
dent fairly says that the Democracy ask
the people for a vote of a want of conf
dence in his administration, and he pro-
ceeds to answer this challenge by an elab-
crate review and vindication Of the Repub-
ican party and its work.
The president denounces the Democratic
proposition to repeal the tax on state
bank issues as certain to iniure our cur.
rency by flooding the country with paper
money of comparatively inferior and
Enthusiastically character compared with
present national currency consisting of
United States notes. issued and redeemable
by the government, and of national bank
notes based upon the security of United
States bonds. The president feels con-
fident that the people will not consent to
the reactionary proposal to food the coun-
try with "wild cat" money. The reckless
ness of this Democratic proposition to
lower the quality of our paper currency by
this admixture Of State bank issues is de-
nounced by the Richmond. Va, Dispatch,
. Democratic organ, which says:
Let US have notes on the Bungtown bank. the
Distant bank. the Unknown bank, and all the
l. -
States. This currency you may possibly be
able to palm of on the unsuspecting natives,
but we will wager our brightest gold piece that
no "blasted foreigner" will accept As currency
or as q substitute for money. bank notes which
win hasten homo from all the money centers
and be less current in Chicago itself than green
backs are In Europe.
The president recites the fact that the
Fifty-first congress by its Republican sub
sidy legislation has added sixteen steam
ships Of American construction to our
ocean carrying trade. The hostile legisla-
ton Of tina Democratic majority Of the
Fifty-second congress to this policy
has refused to extend the appropria-
lions for ocean mail contracts with
American lines. The reciprocity policy
enforced under the tariff act Of 1890 is now
in operation with five nations of Central
and South America. with San Domingo,
the Spanish and British West Indies and
Blaine for the incorporation Of this policy
into the Mckinley act. Taking all the
countries with which reciprocity arrange.
ments have been made. our trade to
June 80. 1892, has increased Is. IS per cent.
with Brazil the increase was nearly IL per
cent; with Cuba during the first ten
months our expectations were s.. 7O2, I02,
or H.S per cent greater.
The advantage to our farmers is very
great in this policy of reciprocal trade and
the free importation Of such articles that
do not iniuriously compete with the
products of our own farms. mines or
factories in exchange for the free or favored
introduction of our products into other
countries.
During the first half of the year 1891
Havana received H0,05s bags of -four from
Spain, and the other ports of the island
about an equal amount, or approximately
80, liz bags. During the same period
Havana received 1896 bags of American
flour. and the other ports approximately
an equal amount, making about $500
bags. But for the first half of this year
Spain has sent less than LOCO bags TO the
whole island, and the United States has
sent to Havana alone It's, iS7 bags and
about an equal amount to other ports OF
the island, making approximately S3- 900
bags for the first half of 1892.
Under this reciprocal trade policy Ger
many has been influenced to remove the
sanitary restrictions upon our American
pork, and as a result our export of pork
products To Germany increased during the
ten months ending June 30 last 81. 625 ,o7i.
or about - per cent The export of Amer
lean coal TO Cuba is steadily increasing,
and even in its infancy this reciprocity
policy reduced the exports Of Great Brit
ain 30 Lstin-Amerlcan countries by nearly
$4,000 90 last year.
The president points ont that policy
that can seriously threaten the trade SUI
premacy of Great Britain is not regarded
- a sham" By our commercial rivals in
Europe. ami, referring 20 the Democratic
determination TO substitute free trade for
protection and reciprocity IN uon-competi-
tive products. the president asks the farm
ers Of America this searching question:
Are the farmers OF the great grain yrowirs
si4tes willing 10 surrender ths new, larre liz
ereasing market for their surpiusf Arc va TO
have nothing IN exchange for thu free irnpcr..-
ton OF sugar Sat eOGee and =, the same time 10
destroy the sugar planters 80 the South sud the
teet sugar Industry % the North ives. and 81 III Q
Pacific coSst. or ara Ne - have taxed sugar ar
coffee. which tariff for revenue onlv necessarily
involves. With the sidei loss Of the nes mar
kets which have oeen opereds
Concerning the tariff the president
points out that the majority report Of the
committee en- platform TO the Democratic
national convention ~ Chicago distinctly
admitted tie Republican Contention that
American wcrkmeu are advaRtsSe1 by a
tara rate equal 80 the difference between
his and foreg ga wages and declared
only against the alleged additional lui-
positions % sae existing tarlT laws" All
further admitted tha; "nsny OF our IN
eastr.es depend upoa protective & Aties fay
taeiF successful continuance, and declzre,,
that saE4d changes sAoald BE regard