Show president letter of acceptance is an able document it first deals with the national currency showing how the republican policy has made safo and acceptable our paper money not alone throughout the united states but ia many fore iga countries ua contrasts this safe currency with the state bank n tes of those flourishing democratic days which we read about when a bank detector of yesterday was not a eold guido for today and when merchants deposited several times daring tha day leat abo hour of bank closing should show a depreciation of the money taken m aba morning still democrats in their platforms declare for a repeal of the tax on state bankay which our present happy currency system was brought about it is fruit of bitter experience says the president and I 1 am sure our people will not consent to the reactionary proposal made by the D moc rats the letter next deals with our ocean carrying trade and the necessity of giving subsidies is clearly shown go look at the ships the fastest upon the sea the president say which ara now in peace profiting by our trade they are in a secondary war ships of their respective and in time of war woul dunder existing contracts with those governments speedily take on guns for which their decks ara already prepared and enter with terrible efficiency upon the destruction of our commerce the undisputed fact is the steamship lines of europe were built upon and are now in part sustained by direct bent aid the latter taking the form of liberal pay for carrying mails or of an annual bonus given in consideration of agreements to construct the ships so as to adapt them for jcurry ing armament and turn them avor to the government on demand upon specified apeci fied terms it was plain to every intelligent american that if the united states would have anch lines a si policy must be entered upon 1 aho democrats found no place in their platform to thi s subject and they have been hostile lo 10 the policy of giving aid to shipping as shown by their refusal to extend the contract for ocean mail service by further appropriation the benefits of reciprocity are entered into and statistics given showing the increase in creaso of our trade ditl the fir nations with which reciprocal treaties arve been made the tariff is also extensively dealt with aad the good results of the law shown up nor does dent forget the benefit of protection to our action he says the act gives to miners against foreign silver bearing lead ores the treo introduction of which threatened the great mining industries of the bocky mountain and to wool growers the prot estloa T their and flocks aved them from a farther and d n deline the house of hep at its last session hessed bills blacine these ores and boil poa the free list the people cl the vest will know how destructive 11 prosperity these measures would be probably Po bably t interesting part of the letter is whore it deala with free coinage of silver which we consider very liberal and statesmanlike statesman like ve give the presidents words in full the resolution of the convention in tavor of bi declares think the true and necessary conditions of move 01 nt that have apon these linea my cordial adherence adhe rance and support I 1 aoi thoroughly convinced that the free coinage of silver at such rate as will maintain equality in their commercial not only aa a medium of exchange but a a measure of values and when unequal measures are called in law b the aade name commerce ia unsettled and confused and the unwary and is are cheated dollars of unequal commercial value will not circulate to gather ane better dollar is witha va and becomes merchandise the true interest of all our people especially farmers and working people who cannot closely observe the money market ia that every dollar paper or coin issued or authorized by tle government shall at all times and in all ita uses be an exact equivalent not only in debt paying but in purchasing power of any ainer dollar I 1 am quite sua if we now act upon this subject inde of oiher nations we would greatly promote their interests and injure our own monetary candi tiona in europe within the last two years have 1 thick tended very much to developed dev elope a sentiment in favor of the larger use of silver and I 1 was much pleased and encouraged by the cordiality and unanimity with which the invitation by anis government for an international conference upon this subject was accepted by all the powers we may not only hope for bat expect highly beneficial results from this conference which will now soon assemble when the result of ane conference is known we shall then be able intelli gently to readjust our financial legislations to any new conditions the president is very strongly in favor of honest elections and he repeats with the tion made m his last message to congress relating to the appointment of a non partisan committee to consider the subject of apportionments apportion menta and elections in their relation to the choice of federal officers education is freely dealt with and the president says he favors aid by the gendral government to the tree public schools our foreign relations during be present administration are briefly reviewed the letter closes with the f olio v ing bright showing the general condition of cur cr is one of great prosperity 1 le t iiii of god has rested upon our fielda and our people the annual average of our loreign commerce haa increased than over the average of the preceding ten more than over 1880 last year unaffected by the new tariff our exports in 1892 exceeded those of 1890 bv more than and the annual average for ten yi are by our exports of breadstuffs bread stuffs increased over those of than of provisions and facture i over of merchandise the balance of trade in our favor ia 1892 la fo other nation can match taj commercial progress which those figures disclose oar compassion may well go oat to those whose party necessitates and habits compel them to declare our people oppressed and our trade restricted by protective tariff |