Los Angeles herald., 1892-09-06
HARR|SON'S LENGTHY EP|sTlE.
His Letter Of Acceptance Is a
Long One.
A Wordy Review of the Issues OF
the Campaign.
A Labored Defense OF the Mckinley Act
and Reciprocity, and Incidentally
a Large Cob of Taffy for
MIR. Blaine.
By the Associated Press.

ceptance of the Republican nomination
for reelection. 1t contains eight thou
sand words, and is an exhaustive review
of the political situation as viewed from
the presidents standpoint. Following
is the letter in part:
THE NOMINATION ACCEPTED.
Hon: w. Mckinley, jr., and Others of the Com
mi.tee, etc.:
GENrLEMEN-I now avail myself OF the
first period of relief from public duties
to respond to the notification which you
brought me June goth OF my nomination
for the office Of president OF the United
States by the Republican national con-
yention. | accept the nomination, and
am grateful for the approval expressed
by the convention of the acts OF the ad-
ministration. ! have endeavored, with
out wavering or WEAKNESS, as lar
as the direction of public af-
fairs was committed to me, to
carry cut the pledges made to
the people in 1888. If the policies OF the
administration have not been distinct
lively and progressively American and
Republican policies, the fault has not
been in the purpose, but in the execu-
ton. shall speak frankly of the legis-
lation of congress- and OF the work OF the
executive departments. A vote
of a want OF confidence is asked by our
adversaries and this challenge to re-
view OF what has been donew promptly
and gladly accept. The great work OF
the Fifty-hrst congress has been sub
iected to the revision of the Democratic
house of representatives, and the acts OF
the executive department to its scrutiny
and investigation. A Democratic ma
tional administration was succeeded by
a Republican administration, and the
freshness OF the events gives unusual
facilities for fair comparison and judg-
ment.
There seldom has been a time, I
think, when change from the declared
policies of the Republican, to the de-
clared policies of the Democratic party.
involved such serious results to the bus
mess interests OF the country. A brief
review OF what has been done, and OF
what the Democratic party proposes to
do, will justify this opinion.
THE CURRENCY QUESTION.
The Republican party, during the
civil war, devised 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 should be Withdrawn,
was realized. There are men
among us now who never saw
a state bank note. Notes furnished
directly or indirectly by the United
States have been the only and safe and
acceptable paper currency of the pee
pie. Bank failures have brought no
fright, delay or loss to bill-holdera.
The note Of an insolvent bank is as good
and current as a treasury note, for the
credit OF the United States is behind it.
Our money is all national money. l
mlght almost say international, for
these bills are not only equally and in
discriminateiy 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 it
into circulation again, under such d.
verse legislation as the states may
adopt. The result would be flood of
local bank issues. Only those who, in
the years before the war. experienced
the inconveniences and losses attendant
upon the use of such money, can appre-
ciate what return to that system in
wolves. Changes may become
necessary, but our national system of
currency, safe and acceptable through
out the whole country, is the fruit of
bitter experience, and l am sure our
people will not consent to the reaction
airy proposal made by the Democratic
party.
OUR MERCHANT MARINE.
Few ubjects have elected more dis
cussion or exhibited more general inter-
est than that of the recovery by the
United States Of its appropriate share of
the ocean carrying trade. This subject
touches not only our pockets, but our
national pride. Thousands of i'm
migrants, annually, seeking homes un-
der our flag, have been denied sight OF
it until they entered Sandy Hook, while
increasing thousands of American citi-
zens, bent on European travel, have
each year stepped into foreign jurisdic-
ton at the New York docks. The mer-
chandise balance of trade, which the
treasury books show, is largely reduced
by the annual tribute which we pay for
freight and passage money. Great ships,
the fastest upon the sea, which are now
in peace profting by our trade, are in a
secondary sense war ships of their
respective governments, and in
time OF war would, under existing
contracts with those governments,
speedily take on guns for which their
decks are already prepared, and enter
with terrible efficiency upon the work OF
destroying our commerce. An undis-
puted fact is that the great steamship
lines of Europe were built up and are
now in part sustained by direct or indi-
rect government aid, the latter taking
the form of liberal pay for carrying
mails, or of an annual bonus given in
consideration OF agreements to construct
the ships SO as to adapt them for carry
ing an armament, and turn them over
to the government on demand, upon
specified terms. 1t is plain to every in
telllgent American that if the United
States would have such lines, similar
policy must be entered upon. The
hfty-hrst congress enacted such law,
and under its bene6cent influence six
teen American steamships, of an aggre-
gate tonnage OF 81, 400 tons, and costing
$500, 0,O00, 900 have been built or contracted
in American shipyards. In addition to
this, it is now practically certain that
we shall soon have, under the American
flag, one OF the finest steamship lines
out OF New York, for any European
port. This contract will result in the