Newspaper Page Text
VOL. tL. NO. 269.
ROCK ISLAND, TUESDAY, SEPTEMBER 6, 1892.
Stasia Copies 6 Cents
Par Weak ISM eats
The World Renowned
Are now open and ready for Inspection.
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Kock Island. III.
Letter of Acceptance of the Re
THE PRINCIPAL ISSUES DISCUSSED
State Banks Tackled First and the
Democratic Position Commented
Upon and Assailed.
The Ocean Carrying Trade and the Re
publican Idea of now to Get a Share of
It K fleet, of the McKinley Hill and
Reciprocity from the Republican Stand
point A Tribute to Itlaine Something
' About Tin Plate The Worklngmen
and the Tariff Free and Fair Elections
The Veteran of the War Text of the
Washington', Sept. . President Har
rison's letter accepting tbe Republican
nomination for president of the United
States is given to the press today. It is
dated Sept. 3, 1892, and addressed to "Hon.
William McKinley and others, commit
tee," etc. It is as follows:
Gentlemen I now avail myself of the first
period of relief from public duties to respond
to the notification wiiich you brought to me on
June 31, of my nomination for the office or
president of the United States by the Republi
can national convention recently held at Min
neapolis. I accept the nomination, and am
grateful for the approval expressed by the con
vention of the acts of the administration. 1
have endeavored, without wavering or weari
ness, so far as the direction of public affairs
was committed to me, to carry out the pledges
made to the people in 1SS8. If the policies of
the administration have not been distinctively
and progressively American and Republican
policies, the fault has not been in the purpose,
but m the execution. I shall speak frankly of
the legislation of congress and of the work of
the executive departments for the credit of any
successes that nave been 'attained Is in sucn
measure due to others senators and repre
sentatives and to the efficient heads of the
several executive departments that I may do
so without impropriety.
A Challenge Promptly Accepted.
A vote of want of confidence is asked by our
adversaries: and this challenge to a review of
what has been done we promptly and gladly
accept. The great work of the Fifty-first con-
trres has been subjected to the revision ol a
Democratic house of representatives, and the
acts of the executive department toils scrutiny
and investigation. A Democratic national ad
ministration was succeeded by a Republican
administration, and the freshness of the events
gives unusual fa llitics for fair comparison
and judgment. There has seMom been a time,
I think, when a change from the declared poli
cies of the RepuMio-n to the declared policies
of the Democratic party involved such serious
results to the business interests of the country.
The Natioual lli.uk Currency.
The Republican party, during the civil war,
devised a national currency, consisting of
United States notes issued a d redeemable by
the government, and of national bank notes
based upon the security of U'itod States
bonds. A tax wis levied upon the issues of
state banks and the intended result, that all
such issues should bo w ithdrawn, was real
ized. There are men among us now who never
saw a state bank note. The notes furnished
directly or indirectly by the L nited 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 I might al
most ray international, for these bills are not
only equally and indiscriminately accepted at
par in all the states, but in some foreign coun
tries. State Currency. a. It waa.
The Democratic party, if entrusted with the
control of the government, is now pledged to
repeal the tax on the state bank issues, with
strut-tors ana tne courage ot its sauors in toe
carrying trade of all the teas.
THE POLICY OF RECIPROCITY.
Credit Given Blaine for HI.
Referring to reciprocity Mr. Harrison gives
it his approval and says it is now in practical
operation with five nations, and adds:
Great credit is due to Mr. Blaine for the
vigor with which he pressed this view noon
the country. We have only begun to realize j
the benefit of these trade arrangements. The (
work of creating new agencies and of adapt-j
ing our goods to new markets has necessarily j
taken time: but tne results already auamai
are such, I am sure, as to es'ablish in popular
favor the policy of reciprocal trade, based
upon the free importation of such articles as
do not injuriously comjiete with the products
of our farms, mines or factories, in exchange
for the free or favored introduction of our pro.
ducts into other countries. The obvious eflV
cacyof this policy in increasing the foreign
trade of the United States at once attracted
and alarmed the attention of European trade
Journals and boards of trade. The British
board of trade has presented to that govern
ment a memorial asking for the appointment
of a commission to consider the best means of
Counteracting what is called "the commercial
srusade of the United States."
How They Look at It Abroad.
At a meeting held in March last of the Asso
;iated C'hamler of Commerce of Great Brit
ain, the presidents reported that the exports
from Great Britain to the Latin American
untries during the last year had decreased
i 21. 750,000, and that this was not due to tem
porary causes, but directly to the reciprocity
policy of the United States. Germany and
France have also shown their startled appre
ciation of the fact that a new and vigorous
contestant has appeared in the battle of the
markets, and has already secured important
advantages. The most convincing evidence of
the tremendous commercial strength of our
position is found in the fact that Great Brit
ain and Spain l ave found it necessary to make
reciprocal trade agreements with us for their
West India colonies, and that Germany and
Austria have eiveu us important concessions
in exchange for the continued tree importa
tion of their beet sugar.
lemocracy Propo.es a Repeal.
The writer gives figures showing that the
increase of our trade with South and Central
American and West Indian eouutrics under
the reciprocity law has been Si. 78 per cent on
The Democratic platform promises a repeal
of the tariff law containing this provision, and
especially denounces as a '"sham reciprocity"
that section of the law under which these trade
arrangements have been made. If no other is
sue were involved in the campaign this alone
would give it momentous importance. Are the
farmers of the great grain growing states will
ing to surrender these new, large and increas
ing markets for their surplus? Are we to have
nothing in exchange for the free importation
of sugar and coffee, and at the same time to de
stroy the sugar planters of the south and the
lcst sugar industry of tho northwest and of
the Pacific oast; or are we to have the taxed
sugar and coffee, which a "tariff for revenue
only" necessarily involves, with the added loss
of the new markets which have been opened?
Relieve, in Silver and Gold Dollar, of
The resolution of theconvention in favor of bi
metallism dot-lares. 1 think, the true and nec
essary conditions of a movement that has
upon these lines my cordial adherence and
support. I am thoroughly convinced that the
free coinage of diver at such a ratio to gold as
will maintain the eauality in tho commercial
uses of the two coined dollars, would conduce
to the prosperity of all the great producing
and commercial nati' ns of the world. The one
essential condition is that th-se dollars shall
have and retain an equal acceptability and
value in all commercial transactions.
The General Princrple Stated.
They are not only a medium of exchange,
but a measure of values, and when two unequal
measures are called in law by the same name
commerce is unsettled and confused and the
unwary and ignorant are cheated. Dollars of
unequal commercial value will not circulate
together. The better dollar is withdrawn and
becomes mer handi.se. The true interest of all
view to putting into circu'ation again, under i our people, and especially of the farmers and
such diverse legislation asthestatosmay adopt. working people wbn cannot closely obserre
a flood 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 re
turn to that system involves. The denomina
tion of a bill was then often no indication of its
value. Tbe bank detector of yesterday was
not a safe guide today as to credit or values.
Merchants deposited several times during the
day. lest the hour of bank closing should
show a depreciation of the money taken in the
munimff Thfl t i iT cnnld not use in a
f- ; , i leaueu very uii
journey to the east the issues of the most sol- ravor Df a lrge
vent banks of the west; and in conseqnence a j piea9t,a an(j e;
money cxuaujtei 1 " .uv
bor of the ticket office and tho lunch counter. '
The farmer and the laborer found the money
received for the products of their labor depre
ciated when they came to make their purchases,
and the whole business of the country was
hindered and burdened. Changes may become
necessary: hut a national system of currency
safe and acceptable throughout the whole coun
try is the good fruit of bitter experiences; and
I am sure our people will not consent to tbe
reactionary proposal made by the Democratic
The Ocean Carrying Trade.
Few subjects have elicited more discussion
or excited more general interest than that of
a recovery by the United States of its appro
priate share of the ocean carrying trade. This
subject touches not only our pockets but our
national pride. Practically all the freights
for transporting to Europe tbe enormous an
nual supplies of provisions furnished by this
country and for tbe large return of manufac
tured goods have for many years been paid to
foreign ship owners.
Mr. Harrison lefers to the fact that the
ships which carry our commerce are built so
that in case of need they become war ships of
the nation whose flag they carry, and to the
other fact that those nations in part sustain
the ship lines by subs dies in one form or other,
and declares that the United States must do
likewise if it desires to have such lines. He
- Itesnlt of the Mail Subsidy Law.'
The Fifty-first congress enacted such a law;
and. under its beneficent influence, sixteen
American steamships of an aggregate tonnage
of 57,400 tons, and costing S7,.tW0, Jiave beau
built or contracted to be built in American
ship yards. - in addition to this, it is now prac
tically certain that we shall soon have under
ths American flag one of the finest steamship
lines sailing out of New York for any European
port. This cont ract will result in the construc
tion in American yards of four new passenger
steamships of 10.UMJ tons each, costing about
$8,'000.0U0, and will add to our naval reserve
six steamships the fastest upon the sea.
j For the People to Decide.
Tbe Democratic party has found no place in
its platform for any reference to this subject,
and has shown its hostility to the general pol
icy by refusing to expend an appropriation
made during the last administration for ocean
mail contracts with American lines. The patri
otic people, the workmen in our shops, the cap
italists seeking new enterpria -a, must decide
whether the great ships owned by Americans
which have sought American registry shall
again humbly ask a place in the English naval
reserve; tbe great ships now on the designers'
tables go to foreign shops for construction, and
the United States lose the now brightening
opportunity of recovering a place commen
surate, with its wealth, tb? akjll .of its oou-
the money market, is that every dollar, paper
or coin, issued or authorized by the govern
ment hhall at all times and in all its uses be
the exact equivalent, not only in debt raying,
but in purchasing power, of any other dollar.
The International Conference.
I am quite sure that if we should now act
upon this subject, independently of other na
tions, we would greatly promote their interests
and injure our own. Monetary conditions in
Europe within the last two years have, I think.
tended very much to develop a sentiment in
r use of si.ver. and 1 was mucn
encouraged by the cordiality.
promptness and unanimity with which the in
vitation of this government for an interna
tional conference upon this subject was ac
cented by all the powers. We may not ouly
nope for but expect highly beneneiai results
from this conference, which will now soon as
semble. When the result of the conference is
known we then shall be able intelligently to
adjust our financial basis to any new conditions.
AS TO THE CENTRAL ISSUE.
No Necessity for Confusion in Regard to
the Rival Principles.
The declaration of the platform in favor of
"the American doctrine of protection" meets
my most hearty approval. Tiie convention
did not adopt a schedule, but a principle that
is to control all tariff schedules. There may
be differences of opinion among protectionists
as to the rate upon particular articles neces
sary to effect an equalization between wages
abroad and at h me. In some not remote na
tional campaigns the issue has been, or, more
correctly, has been made to appear to be, be
tween a high and a low protective tans, both
parties expressing some solicitous regard for
the wages of our working people and for the
prosperity of our domestic industries. But
under a more courageous leadership the Dem
ocratic party has now practically declared
that, if given power, it willenact a tariff law
without any regard to its effect upon wages or
upon the capital invested in our great indus
Democratic Platform Critleised.
A review of the action of the Democratic
National convention is given, reciting the ma
jority report on resolutions, which declared
justifiable a duty equal to the difference of
labor cost of an article in this and other
countries, and also declared that any reduc
tion of duties should be careful not to injure
any domestic industries, many of which relied
on legislation for success: which propositions
were rejected by the convention.
The overwhelming rejection of these propo
sitions, which bad before received the sanc
tion of Democratic national conventions,
was not more indicative of the new and more
courageous leadership to which the party has
now committed itself than tne substitute
which was adopted. This substitute declares
that protective duties are unconstitutional
high protection, low protection all unconsti
tutional. A Democratic congress holding this
view cannot enact, nor a Democratic president
approve any tariff schedule tne purpose or
effect of whir is to limit importations or to
give any advantage to an American workman
or producer. A bounty might, I judge, be
(riven to the importer, under this view of the
constitution, in order to ini rease importations
and so the revenue for '-revenue only," is the
oliji-ctiou.it eueli a policy.
There is not a thoughtful business man in
the country who does not know that the en
actment into law of the declaration of the Chi
cago convention npou the subject of the tariff
would at once plunge tbe country into a busi
ness convulsion such as it has never seen; and
there is not a thoughtful workin.man who
does not know that it would at once enorm-.ns-ly
reduce the tmouut of work to be done in
this country, by the increase of importations
that would follow, and ne esitates a reduction
of h.s wages to the European tanCard. If any
cue suggests that this radi al policy will not bo
txeiuted if the Democratic party attains
lower. hat shall be thought of a party that is
ci:pable of thus trifling with great interests?
The threat ot such legislation would be only
less hurtful than the fact.
Kfl'eet of ttit- MrKlnler Liiv.
And now a lew words in regard to the exist
ing tariff law. We are fortunately able to judge
of its influence uj on production and prices by
mark, t r orta. The day of the prophet of
calamity h.-is been succeeded bv that of the
trade reporter. An examination into the effect
of the law upon t he prices of protected products
and of the cost of such articles as enter into
the living of people of small nu-ans has been
mado by a senate comm tteo composed of lead
ing senat -rs of both parties, witii the aid of tbe
1 st statisticians, and the report, signed by all
the members of the committee, has been given
to tho public No such wide and careful in
quiry has ever lefre Ik en made. These facts
appos r from the report ;
The enata Report Summarised.
Fir-t The cost of articles entering into the
so of those earning les than $1.1X1) per annum
nad decre.-ise.l up to May, !, a 4 per cent.,
while in farm products there has been an in
crease in prices owing in part to an increased
foreign demand and the opening of new mar
kets. In Enghmd. during the same period, the
cost of living increased 1.9 per cent. Tested by
their jiower to purchase articles of necessity,
the earnings of our working people have never
been as great as they arj now.
Second There has been an average advance
in the rate of tragus of .75 of 1 per cent
Third There has been an advance in the
price of all farm products of 18.67 per cent., and
of all cereals X1.5U per cent.
Commissioner Peck. Report.
Tho ninth annual report of tho chief of the
bureau of labor stat itics of the state of New
York, a Itemocratict'ofricial, very recently
issued, strongly corroborates, as to that state,
tho facts found by the senate com
mittee. His extended inquiry shows that in
the year immediately following tbe passage of
the tariff act of 1S90 the aggregate sum paid in
wages in that Mate was 81.377,935 in excess,
and the aggregate production j:i!,3ir,lU0 in ex
cess of the preceding year. In view of this
showing of an increase in wages, of a reduc
tion in the cost of articles of common neces
sity and of a marked advance in the prices of
agricultural products, it is plain that this tariff
law has not imposed burdeus but has con
ferred benefits upon the farmer and the work-ingman.
FIGHTING FOREIGN MONOPOLIES.
One Purpose of the Present Law Some
Some r pedal effects of the act should be no
ticed. It was a courageous attempt to rid our
people of a long maintained foreign monopo
ly in the production of tin plate, pearl buttons,
silk plush, linens, lace, etc Once or twice in
our hif tory the production of tin plate had
been attempted and the prices obtained by the
Welsh makers ould have enabled our makers
to produce it at a profit. But tho Welsh mak
ers at once cut prices to a point that drove the
American beginner out of the business, and,
when this war accomplished, again made their
own prices. A correspondent or tne inausxnai
World, the ofr.cial organ of the Welsh tin plate
workers, publishel at Swansea, in tbe issue of
June 10, 19?, advises a new trial of these
methods. He says: "Do not be deceived.
The victory of the Republicans at the polls
means the retention of the McKinley bill, and
means the rapidly accruing loss of 80 per cent.
of the export American trade. :
Hair Pay and No Profits PropMd.
'Had there been no Democratic victory In
1890 the spread of the tin plate manufacture in
the United States would have been Dora rapid
and bona fide. It is not yet too late to do
something to reduce the prize of platos. Put
them down to lis per box of I. C 14x28, ruii
weight basis. Let the workmen take half pay
for a few months and then turn out more.
Then let the masters forego profits for the
(Continued on Fourth page)
The lioeal Markets.
Wheat 90SI 92c
Bran -85c per ewt.
Shipe'nff $1.00 per cwt.
Hay Timothy. llaiS: prairie. 10QI1: clover
59&10; baled. SU O012.fiO. (.
Butter Fairto choice, UHc; creamery, JC24c
Fees Fresh. 14c; packed. 10c.
Poultry Chickens, 1012J4.; turkeys 12J40
docks, liHc; geese, 10c.
Fur IT AND TISITULia.
Apples $1.2&&$2. 75 per bbl.
Turnips 4641 &0c
Cattle Butchers pay for corn fed steers
8 V4 (2.40: cows and heifers. SKOSc: calves
Bard T 80T 75.
Soft I 10&2 30.
Common boards $16.
Joist Scantling and timber, IS to IS feet. $13.
Cvery additional foot In length 60 cents.
X AX Shingles f TS.
Lath $2 60.
Fencing li to 16 feet $18.
ock boards.rough $16.
I POIVDEB I
IS ON TOR
Costs less than Half
and pleases much better
than the over-priced and
Judge for yourself.
In Cans.' At your Grocer's
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