The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1892-09-07
HARRISONACCEpTS
The President Expresses His Willing.
ness to Serve His Country
Again.
In His Review of the Policy OF the
Party He Takes Occasion
to Say
That Any Change Would BE Disastrous
to the Interests Of the
Nation.

WASHINGTON, Sept. 6.--The following
Is President Harrison's letter accepting
the Republican nomination for theSoffice
Of president Of the United States:
wAsHIsqros. Sept, s.
To Hon. William Mckinley, Jr.. and others Of
the committee:
GENTLEM NIL now avail myself OF the first
period OF relief from duties TO respond to the
notification which you brought to me on June
10th OF my nomination for the Office Of presi-
dent OF the United states by the Republican
convention recently held at Minneapolis.
accept the nomination and ana grateful f0r the
approval expressed by the convention Of the
administration have endeavored without
WEAKNESS, 90 FAR as the direction OF public
affairs was committed to me, to carry out the
pledges male to the people In lsSS. II the pol
icies Of the administration have not been dis
tinctively and progressively American and
Republican pol les. the fault has not been In
the purpose but In the execution.
shallspeak frankly Of the legislation OF con-
gress and OF the work Of the executive depart
ments, 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 der
partrnents--that ! may do 30 without Inn
propriety.
A Vote Of want OF Confidence
Is asked by our adversaries and this challenge
20 review Of what has been done we prompt
ly accept. The great work OF the Fifty FIRST
congress has been passed to the revision of q
Democratic house Of representatives and the
acts OF the executive department to Its execu-
tEon and investigation. A Democratic national
administration was succeeded by q Republican
administration and the freshness OF the events
gives unusual facilities for fair comparison
and judgment There has seldom been time,
think. when change from the declared poll
icies Of the Republican to the declared policies
Of the Democratic party involved such serious
results 70 the best Interests OF the country. "A
brief review of what had been done and what
the Democrats propose to undo win justify
this opinion.
National Currency System.
The Republican party durin the civil war
devised national currency consisting Of
United States notes issued and redeemable by
the government and On national hank notes
based upon this security II United States
bonds. A tax was levied upon the issues or
state banks. and the intended result that ali
such issues should be Withdrawn was realized.
There are men among us now who never saw
ftate bank note. The notes furnished d.
rectiy or indirectly b. the United States have
been the only safe and acceptable paper cur
rency OF the people. Bank failures have been
fewer. delay or loss falling to the bondholders,
An insolvent bank note is as good az current
note II the credit OK the United States is be-
hind II. Our money ID all national money--
might almost say international, for these
bills are not only equally and indisciiminately
accepted at par In all the states, but in some
foreign countries. The Democratic party, IL
entrusted with the control OF the government,
II now pledged to
Repeal the Tax ON State Bank Issues,
with view ia, putting into circulation again
under such diverse legislation as the stases
may adopt, q food OF local 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 i
return to the system involves. The denomi-
nation OF = bill wss then often no indication OF
its value. The bank detsc,or OF yesterday
was not safe guide today as TO credit or
values. Merchants deposited several times
during the day, lest the hour Of bank closing
should show depreciation of the money
taken Ia the morning. The traveller could not
usc In = journey 10 the East the issues Of the
most solvent ha- Ks Of the West: and in conse-
quence money changers Office was the Ia
miliar neighbor Of the ticket once and the
lunch counter The farmer and the lab0rer
found the money received for their producta
or their labor d, preciAted when they came 10
make their purchases, and the whole business
Of the country WAS Handicapped and burdcned.
Changes may become necessary, but national
system OF currency acceptable and general
bitter experiences and am sure ous people
will not consent 10 the reactionAry proposal
made W the Democratic party.
The ocean Carrying Trade.
Few subjects have elected moro discussion
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