The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1892-09-15
LENGTHY.
President Harrison,s Letter oi
Acceptance.
Republicanism Defended In
Every Paragraph.

Every Paragraph.
The National Currcncy-American Ship
Ping--Reciprocity = Tariff = Tin Plate.
EleCtions-Cavii Service eign Com.
merco-Etc.
WASHINGTON, Sept 8.-The following
Is President Harrison's letter accepting
the Republican nomination for the
Office of president Of the United States:
WASHINGTON, Sept q
Hon. William Mckinley, Jr., and Othera
Committee, Etc: EFlR =
GENTLEMEN-I now avail myself Of the
first period of relief from public duties to
respond to the notification which you
E0rSht to to me ,Cn On y June o. q my nqmns
States by the Republican national conven-
tion recently held at Minneapolis. I ao-
cept the nomination and am grateful for
the approval expressed by the convention
Of the acts Of the administration
Ihave endeavored without wavering OF
weariness, 80 far as the direction of public
affairs was committed to me, to carry out
the pledges made to the people in 1888 II
the policies of the administration have not
ulStluCUltcly duu PROGRESSIVELY
American and Republican policies, the
fault has not been In the purpose, but In
the execution
shall speak frankly Of the legislation of
congress and OF the work Of the executive
Experimentation the credit Of any sue
ceeses that have been attained is id such
measures due to others-senators and
representatives, and to the efficient heads
of the several executive departments-that
l may do SO without impropriety. A vote of
want nj cOnfidQnct, q q Qckod 70 O,rr oduor.
saries; and this challenge to review Of
what has been done we promptly and
gladly accept.
The, general work Of the Fifty-arst con.
q Democratic house Of representatives, and
+. the acts OF the executive department to its
scrutiny and investigation A Democratic
nationa! administration was succeeded by
Republican administration, and the
freshness Of events gives unusual facilities
for fair comparison and Judgment There
has seldom been a time, think, when a
change from the declared policies Of the
Republican to the declared policies of the
Democratic party involved such serious re-
suits to the business interests of the coun-
try.
A brief review of what has been done
and Of what the Democratic party propose
to undo, will justify this opinion The
Republican party during the civil war. de.
yised q 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 re-
suit, that all such issues should be with
drawn, was realized.
There are men among us now who never
saw state bank note The notes fur
nished, directly or indirectly, by the United
States have been the only safe and accept
able paper currency of the people. Bank
failures have brought no fright, delay or
loss to the bill holders The note of an in
solvent bank is as good and as current as q
treasury note-for the credit of the United
Our money is ell national money. I
might say international. for these bills
are. not only usually and indiscrimin-
atelv 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 circulation again, under such
diverse legislation as the states may adopt,
a food Of local bank issues. Only those
who in the years before the war, expert
enced the Inconvenience and losses attend
ant upon the use of such money can ap-
preciate what return to that system in
wolves.
The denomination of bill was then
often no indication of its value The bank
detector of yesterday was not a safe guide
today us to credit or values. Merchants
deposited several times during the day-
lest the hour OF bank closing should show
depreciation Of the money taken in the
morning. The traveller could not use in
journey to the east the issues of the most
solvent banks of the west, and in conse-
quence money changers office was the
familiar neighbor of the ticket office and
the lunch counter.
The farmer and the laborer found the
money received for their products or their
labor deprecated when they came to make
their purchases, and the whole business Of
the country was hindered and burdened.
Changes may become necessary, but O ma
tional system of currency-safe and accept
able throughout the whole country-is the
good fruit of bitter experiences, and / am
sure our people will not consent to the re-
party.
American Shipping.
Few subjects have elicted more discussion
or excited more general interest than that
of the recovery by the United States of its
appropriate share of the ocean carrying
trade.
This subject touches not only our pock-
cts, but our national pride 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.
Thousands Of immigrants annually seek
ing homes under our flag have been denied
the sight Of it until they entered Sandy
Hook, while increasing thousands of Amer
lean citizens, bent. on European travel,
have each year stepped into foreign juris-
diction at the New York docks The mer-
chandise balance Of trade, which the treas
ury books show, is largely reduced by the
annual tribute which we pay for freight
and passage moneys The great ships-the
fastest upon the sea-which are now in
peace profting by our trade, are, in a sec
governments, and In time of war would,
under existing contracts with those govern
ments, speedily take on the guns, for which
with terrible efficiency hpon the work Of
destroying our commerce. The undis-
puted fact is that the great steam
ship lines of Europe were built up and are
government aid-the latter taking the form
Of liberal pay for carrying the mails, or
9f an annual bonus given in consideration