The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1892-09-14


rison's letter accepting denomination as
the Republican candidate for President
was made public to-day.
It is as follows:
WASHINGTON, Sept 5.
Hon. William AeKialey, Jr., and OILERS,
C0n,Hiteac, &c:
GESTLENEN:-I now avail myself Of
the first period Of relief from public du-
ties to respond to the notification which
you brought 10 me on June 20, Of my
nomination FOR the office of the President
Of the United States by the Republican
National Convention recently held at
Minneapolis.
accept the nomination snd am CRATE
fol for the approval expressed by the
Convention Of the acts Of the administra-
ton. 1 have endeayored without waver-
ing on WEAKNESS, so far as the direction
of public affairs was committed TO me, 10
carry out the pledges made to the people
in 1885. If the politics Of the admins
tration have not been distinctively and
progressively American and Republican
politics, the fault has not been in the
purpose but in the execution.
A CHALLENGE ACCEPTED.
shall speak frankly Of the legislation
Of Congress and Of the work Of the exec
uiive departments, for the credit Of any
successes that have been attained is in
such measure due TO others-Senators
and Representatives, and to the efficient
heads Of the several executive depart
nents-that may do so without i'm
propriety. A vote Of want of confidence
is asked BY our adversaries, and this ehal-
lenge to a review Of xhat has been done
we promptly and gladly accept.
The great work of the Fifty-frst Con-
gress hiss been subjected to the revision
Of "a Democratic House Of Representa-
tiyes and the acts of the executive de-
partment 70 its scrutiny and IFS investi-
CATION.
A Democratic National administration
was succeeded by Republican admins
tration, and the freshness of the events
gives unusual facilities for fair compari-
son and judgment There has seldom
been time, think, when a change
from the declared policies Of the Repub-
hcan to the declared policies OF the Dem
Ocratic party involved such serious results
to the business interests Of the country.
A brief review Of what has been done
and of what the Democratic party pro-
poses to undo viii justify this opinion
THE NATIONAL CURRENCY.
The Republican party during the civil
war devised 4 national currency, consist
ing of United States notes, issued and re-
deemable by the government, and of na-
tional bank notes based upon the secur-
ity 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 new
er saw a State bank note. The notes fur
nished directly or indirectly by the Uni
ted States have been the only and the
safe and acceptable paper currency of the
people.
Bank failures have brought no fright,
delay or loss to the bill-holders. The
note Of an insolvent bank is as good and
as current as a treasury note-for the
credit Of the United States is behind it.
Our money is all national money!
might almost say international, for these
bills sre not only equally and indiscrim-
inately accepted at par in all the States,
bat in some foreign countries.
The Democratic party if intrusted
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 leg
islstion a. the States may adopt, Hood
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 appre-
ciate what return to that system in
wolves