St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1892-09-08
PRESIDENT HARRISONS LETTER.

PRESIDENT HARRISONS LETTER
The presidents letter of acceptance
was issued on Monday, and is, as
was to be expected, a clean-cut doc.
ument, outspoken in its defence OF
all that is genuinely American and
full of confidence in the results of the
protection policy.
President Harrison accepts the
nomination. and is grateful for the
conventions expressed approval OF
the record made by the administra-
ton. If the policies of the admins
tration have not been distinctively
and progressively American and re-
publican he says. " the fault has
not been in the purpose, but in the
| execution
On the question of the currency the
president says:
The republican party during the
civil war devised national curren-
cy, consisting of United States notes.
issued and redeemable by the govern
ment, and of national bank notes,
based upon the security of United
States bonds. A tax was levied up
on the issues of state banks and the
intended result, that all such issues
should be withdra WI, was realized.
Our money is all national money!
might almost say International. for
these bills are not only equally and
1ndiscrimina tely accepted at par in
countries. The democratic party, if
entrusted with the control of the
government, is now pledged to re-
peal the tax on state bank issues,
with a view to putting into circula-
ton again, under such diverse legis-
lat1on as the states may adopt,
food of local bank issues. Only
those who in the years before the
war experienced the Inconvenience
and losses attendant upon the use of
such money, can appreciate what a
return to that system involves"
The need of more extensive means
Of transporta ton under the American
flag is referred to as matter of ma
tional pride, and the step taken in
this direction by the Fifty-frst con-
gress is spoken of as especially benef-
icent, since by virtue of it 16 Ameri-
can steamships Of an aggregate ton
mage of $1,000 tons and costing
100000, have been built in Amer
lean ship yards.
On the line Of reciprocity President
Harrison says:
owe have only begun to realize the
benefits Of these trade arrangements.
The work of creating new agencies
and of adapting our goods to new
markets has necessa rily taken time;
but the results already attained are
such, am sure, as to- establish in
popular favor the policy of reciprocal
trade, based on the free importation
of such articles as do not injuriouslv
compete with the products of our
own farms, mines or factories, in ex-
change for free or favored introduc-
ton of our products in other coun-
tries"
He pays his respects to the demo-
cratic attempts towards a tariff for
revenue only, reviews the splendid
workings Of the Mckinley bill as
bearing on the tin plate industry and
other branches of business life, and
refers to the present democratic plan
thus:
This destructive, un-American
doctrine was not held or taught by
the historic democratic statesmen,
whose fame as American patriots
has reached this genera tion-certain-
" not by Jefferson or Jackson. This
mad crusade against American shops,
the bitter epithets applied oAmerican
manufactures, the persistent disbe-
lief of every report of the opening of
tin plate mill. or of an increase of
our foreign trade by reciprocity, are
a surprising as they are discreditable
There is not thoughtful business
man in the country who does not
know that the enactment into law of
the declaration of the Chicago con-
vention upon the subject of the tariff
would at once plunge the country i'll
to q business CONFUSION such as it has
never seen there is not a thoughtful
workingman who does not know
that it would at once enormously
reduce the amount of work to be
done in this country, by the increase
of importations that would follow,