Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1892-09-06


Committee, etc.:
GfTTLEMEr:-i now avail myself Of the first
period OF relief from public duties TO respond
70 tho notification which you brought to me
on juno ~ OF my nomination for the office of
Prcsidept of the United States by the Repub-
loan national convention recently held at
Minneapolis aooept the nomination and am
grateful for the approval expressed by the
convention Of tho acts OF the administration.
have endeavored without wavering or weari-
ness, 80 far as the direction Of pablic affairs
was committed 20 me, TO carry out the pledges
made to the people in 1898. IL the policies Of
the administration have not been distnctively
and progressively American and Republican
policies the fault has not been In the purpos.
but In the execution. j shall speak frankly OF
the Legislation Of congress and of the work of
the executive departments, for the credit of
any successes that have been attained is in
such measure due 10 others, senator's and
representatives and TO the efficient heads Of
the several executive departments, that may
do 80 without impropriety. vote Of want of
confidence is asked by our adversariosi and
this challenge to 8 review OF what has been
done we promptly and gladly accept The
great
Work of the Fifty-axst Congress
has boen subjected TO tho revision Of Demo
cratic house OF represen tatives and the acts Of
the executive department TO Its scrutiny and
investigation. Democratic national admin
istration was sue ceeded by a Republican ad-
ministration, and the freshness Of the event
gives unusual facilities for fair comparison
and judgment There has seldom been
time. think, when a change from the de-
clared policies of the Republican 10 the de-
clared policies of the Democratic party In
volved such serious results 10 the business in
terosts of the country. A brief review of what
has been done and Of what the Democratic
party proposes 10 undo, will justify this opin-
ion.
The Republican party, during the civil war,
devised a 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. A tax was levied upon the issues of
state banks, and the intended result, that all
such issues shouM be withdrawn, was real
lied. There are men among us now who never
saw a state bank note. The notes furnished
directly by the United States have been the
only safe and acceptable paper currency of
the people Bank failures have brought no
fright, delay or lose TO the bin holders Tho
note of any solvent bank Is "a good and as cur
rent rs treasury note-for the credit Of the
United States is behind il. Our money is all
national money! might almost say interna-
tional-for those bills are not only equally and
discriminatory accepted nj par in all the
states, but in some foreign countries. The
Democratic party, IL entrusted with the con-
troll Of the government, is now pledged
To Repeal the Tax
on state bank issues with view TO putting
into circulation again, under such diverse leg
islation as the states may adopt, food Of
local bank issues. Only those who, years be-
fore the war, experienced the Inconvenience
and losses attendant upon the use of such
money, can appreciate what a return TO that
system involves. The denomination Of bill
was then often no indication Of It's value. The
bank detector OF yesterday was not safe
guide today IA to.creditors values. Merchants
deposited several times during the day, lest
the hour 1T the bank closing should show q
S.lt.,..., sn l. tAc money taken IN the morn
ing. fho traveller could not use IN lass Icar4sy
tn the east the issues Of the most solvent banks
of the west; and i'm consequence, the money
changers Office was the familiar neighbCr of the
ticket Office and the lunch counter. The farmer
and the laborcr found the money received Tor
their products OF their labor deprecated when
they came To make their purchases, and the
whole business of the country was hndered
and burdencd. Changes may become neces-
sary, but national system Of currency, safe
and acceptable throughout the whole country,
is the good fruit of bitter experience. and am
sure our people viii not consent 10 the reac-
tionary proposal made by the Democratic
party.
Few subjects have ELECTED more discussion
or excited more general interest than that OF
recovery by the United States Of its appro-
pirate share of
The Ocean Carrying Trade.
This subject touches not only our pockets but
our national pride. Practically all the
freights for transporting to Europe the enor-
nous annual supplies OF provisions furnished
by this country and for the large return OF
manufactured products have for many years
been paid TO foreign shipowners. Thousands
Of immigrants annually seeking homes under
our flag have been denied the sight Of II until
they entered Ssndn Hook; while increasing
thousands Of American citizens, bent on Euro
pean travel. have each year stepped into for
eign jurisdiction at tho New York docks The
merchandise balance Of trade. which the
treasury hooks show. Is largely reduced by the
annual tributes which we pay for freight and
passage moneys
The great ships-the fastest upon the sea
which are now In peace prohting by our trade,
AT, In secondary sense. warships ~ their re-
~ tive governments and I'm time Of
We Id. under existing contracts with these
COVE ninents, speedily take on the guns for
winch their decks are prepared aud enter
with rrible efficiency upon the work Of de-
stroying our commerce. The undispnted fact
II that the great steamship lines OF Europe
were built up aud now In part sustained
by direci and indirect government aid the
latter taking the form of liberal pay for carry
cons'terat ion 81 agreements 10 construct the
ships ~ ~ ~ ADAPT them for carrying arna-
ment and a. turn them over 10 the govern
ment ON demand. upon specified terms.
u ws- nlain ~ every in.sliissnt Arnsriasn