Show telegraphic NEWS washington sept 9 following is the presidents letter of acceptance washington sept lion patrick A cottas and others committee gentlemen in addressing to you my formal acceptance of the nomination to the presidency of the united states my thoughts persistently dwell upon the impressive relation of such action the te the american people whose confidence is thus invited invite dand ancl to the political party to which I 1 just entering upon IL a coi for a continued supremacy the world does not afford a spectacle more sublime than is furnished when millions of free and nt american citizens select their chief magistrate and bid one of their number to find the highest earthly honor and full measure of public duty dut in ready submission to their will it it follows that the candidate for this high office can never forget that when the turmoil and strife which attend the selection of its incumbent shall be heard beard no more there must be in the quiet calm which follow sa complete and solemn SELF consecration by the peoples chosen president of every faculty and endeavor to the service of a confiding and generous nation of free men these thoughts are intensified by the lj light lit ot of my experience x peri ence in the presidential 0 office which has soberly impressed me with the severe responsibilities which it imposed while it has quickened my love for american institutions and taught me the priceless value of the trust of my countrymen itis of the highest importance that those who administer our government should closely protect and maintain the rights of american citizens at home and abroad and should strive to achieve for our country her proper place among the nations of earth h for there is no people whose home interests are so great and whose numerous objects of domestic concern deserve so much watchfulness ard care among these are the regulation of a sound financial system suited to our needs the securing of an efficient agency of national wealth aad general prosperity pre the construction st and equipment of the means of defense to insure our national safety and maintain the honor beneath which such national safety reposed i the protection of our national domain still strett stretching bing beyond the needs of centuries in its expansion pan sion and its preservation for the settler and pioneer of our marvellous marcellous marv ellous growth the sensible and sincere recognition tion et ef the value of human labor leading to ta scrupulous care and just appreciation of the interests of our workingmen the limitation and checking of such monopolistic tendencies and schemes as interfere with the advantages and benefits which the people may rightfully claim generous gea gj kerous erous regard and care tor for our surviving soldiers and sailors and for the widows and orphans of such as have died to the end that while appreciation of their services and sacrifices I 1 a quickened the application lot the Open sion funds to improper cases may be prevented protection against servile immigration which injuriously competes with our laboring men in the field of toil and adds to our population an element ignorant of our institutions and laws impossible of assimilation with our people and r DANGEROUS TO OUR and welfare strict and steadfast adherence to the the principles of civil service reform and the thorough execution of the laws oar government is the creation of our people established to carry out their delip designs gus and accomplish their good it was founded on justice and was made for a free intelligent and virtuous people it is only useful when within their control and only serves them well when regu and guided by their constant touch it is a free government because it guarantees every american citizen the unrestricted personal use and enjoyment of all the reward of his toil and of all his bis income except what may be his fair contribution to the necessary public expenses therefore its not only the but the duty of a tree people in the enforce enforcement mene of this guarantee to insist that such expenses should be strictly limited to te actual public needs it seems perfectly clear that when a government thus instrumentally created and maintained by the people to do their bidding turns upon them and through an utter perversion of its power extorts from their labor and capital a tribute largely in excess of public necessities the creature has rebelled against the creator and masters are robbed by bj their servants the cost of government must continue to be met by a tariff of duties collected at our custom houses upon imported goods and by an internal revenue tax assessed upon spirituous and malt liquors tobacco and oleomargarine I 1 1 suppose it is NEEDLESS TO EXPLAIN that all these duties and are added to the price of the article upon which they are levied and thus become a tax upon all those who buy these articles tor for use and consumption I 1 suppose it is well understood that the effect of this tariff taxation is nt limited to consumers of imported articles but auf that the duties imposed on such articles permit a correspond ins increase eale in tithe the price to be ma made ide upon domestic productions of the same kind which increase is paid by all of our people as consumers of such productions and enteria entering 9 every american home constitutes a form of taxation as certain and inevitable as though the amount was waa finally paid into the hands bands of the tax gatherer brer these results are inseparable from the plan we have adopted tor for the collection of revenue by tariff duties they are not mentioned to discredit the system but by way of preface to the statement that every twenty million dollars collected at our custom houses for duties aquties on imported articles and paid into the public treasury treasur v re represent many millions more which though never reaching the national treasury are paid by our citizens as the increased cost of domestic productions duct ions resulting from our tariff laws under these circumstances and la in view of this necessary effect ol of the operation of our plan tor for raising revenue the absolute duty of limiting the rate of tariff charges to the necessities of a frugal and economical administration of the government seems to be perfectly plain the continuance upon the pretext of meeting public expend tures lures of such a scale ot of tariff taxation as draws from the substance of the people a sum largely in excess of our public needs is surely something which under a government based upon justice and which finds its strength and us usefulness e in the faith and trust of the people eople ought not to be tolerated cile while the heaviest burdens incident to the necessities of the government are complainingly borne light fight burdens become grievous and intolerable when not justified by existing necessities unnecessary taxation is unjust taxation and yet this is our weare annually collecting at our custom house bouse by means of our internal revenue taxation MANY MILLIONS in excess of all legitimate public needs As As a consequence there now remains in the national treasury a surplus of tore more than no better evidence could be furnished than that the people are taxed the extent of the superfluous burden indicated by this surplus will be better appreciated when it is suggested mat that such a surplus alone represents taxation aggregating more mor than one hundred and eight thousand dollars in a country containing inhabitants taxation has always been the feature of organized government hardest to reconcile with the peoples idea of freedom and hap happiness inness when presented in a direct form nothing will arouse popular discontent more quickly ay and profoundly than unjust and unnecessary taxation our farm ers era mechanics and laborers and all our citizens closely scan the alil slightest increase in the taxes assessed upon their lands and 1 other property and demand good reasons for such increase and yet there seems to be a disposition in sone some quarter to regard the ary volume of insidious ins idous and indirect taxation visited upon the people by our present rate of tariff duties with indifference if not with favor the surplus revenue now remaining in the treasury not only furnishes conclusive evidence of unjust taxation but its existence constitutes a separate and independent menace to the prosperity of the people this vast accumulation of idle funds represents that much money drawn from the circulating medium of the country which is needed in the channels of trade and business it is a great mistake to suppose that the consequences which follow the continual withdrawal and hoarding boarding by the government of the currency of the people are not of immediate importance to the mass of our citizens and only concern those engaged in large financial transactions in the restless enterprise and activity which a free and ready money among the people produce is found the opportunity of labor to find employment and that impetus to business and production which bring in their train prosperity TO OUR CITIZENS in every station and vocation new ventures and new investments in business and manufacture the construction of new and important works and the enlargement of enterprises already established depend largely upon obtaining money on easy terms with fair security all these things are stimulated by an ail abundant volume of circulating medium even the grain of the farmers remains without a market unless money is forthcoming tor for its movement and transportation to the seaboard the first results of a scarcity of money among the people is the exaction of terms for its use and an increasing distrust and timidity followed by refusal to loan or advance on any terms investors refuse all risks and decline all securities and in the general fright money still stil in the hands of the people is persistently boarded it is quite apparent that when this perfectly natural if not inevitable e 8 stage is reached the depression in al all lb business tal us and enterprises will as a necessary consequence lessen the opportunity for work and employment and reduce the salaries and wages of labor instead of their being exempt from the influence of the immense surplus lying idle in the national treasury our wave wage earners and others who rely upon their labor for support are most of all directly concerned I 1 in n the situation others seeing being the approach of danger may provide against it but bat it will find those depending upon their dally daily toil for daily bread unprepared dependent and defenseless fenceless de neless such a state of affairs does nor noc present a case of idleness resulting f from rom dis disputes utes between laboring men and air their employers pl but it produces an absolute and enforced stoppage of employment and wages in reviewing the bad effects of this accumulated surplus and the scale of tariff rates by which it is produced we must not overlook the tendency toward GROSS AND scandalous public extravagance which a congested treasury induces nor the fact that we are maintaining without excuse in a time of profound peace substantially the rate of tariff duties imp imposed 0 sed in ia time of war when the necessities of government justified the imposition of the weightiest weight iest burde burdens fis upon the people diverse plans have been suggested for the return of this accumulate 1 surplus to the people and the channels of trade some of these devices are at variance with all rules of good finance some are delusive some absurd and some b bray tray by their reckless extravagance the demoralizing influence of a great surplus of public money upon the judgments of individuals vi while such efforts should be made as are consistent with public duty and sanctioned by sound judgment to avoid danger by a useful di disposition s of the surplus now remaining inathe treasur yit is Levident that it it its distribution were accomplished another accumulation would soon take its place if the constant flow of redundant d u jdant income is not checked lat at its source by a reform in our present tariff laws we do not propose to deal w ith these conditions by merely attempting to satisfy the people of the truth of abstract theories nor by alone urging theia assent to a political doctrine Web we present resent to them propositions that they are unjustly treated in the extent of the present federal taxation that as a result a condit condition iun of extreme danger exists and that it is for them to demand a remedy and that defense and safety promised in ia the guarantees of their tree free government we believe the same means which are adopted to relieve the treasury of its present surplus and prevent its recurrence would cheapen to our people the cost of supplying their daily wants both of these objects we seek in part to gain by reducing the present tariff rates upon the necessaries of life we fully appreciate the importance to tile the country of our domestici industrial enterprises terp rises la in the rectification of existing wrongs their maintenance and prosperity should be carefully and in a friendly spirit considered dered even such as by reliance upon present revenue arrangements have been invited or encouraged should be fostered ABRUPT AND RADICAL CHANGES which might endanger such enterprises and injuriously affect the interests of labor dependent upon their success and continuance are not contemplated or intended I 1 but we know the cost of our domestic manufactured products is increased and their price to the consumer en by the duty imposed upon the raw material used in their manufacture we know that this increased cost prevents the sale of our productions at foreign markets in competition with those countries which have the advantage of free raw material we know that confined to a home market our manufacturing operations are curtailed their demand for labor irregular and the rates of wages paid uncertain we propose therefore to stimulate our Som domestic estic industrial enterprises by byrtee dixee ing i inglart from duty I 1 imported orte raw mater materials als which by the e employment ploy ent of labor are used in our ho home e manufactories manu anu factories thus extending the markets for their sale and permitting an increased and steady production with ith an allowance of abundant profits true to the undeviating course of the democratic party we will will not neglect the interests of labor a and ad 0 our a r working I 1 in men in all efforts to remedy existing 1 ng evils we will furnish no excuse for loss of employment to or the re action of wages ot honest toil on he contrary we propose in any ada adjustment not of our revenue laws to concede such encouragement and advantage to employers of domestic labor as will easily compensate tor for any difference that exists between the standard wages ages which should be paid to our laboring men and the rate allowed in other countries we propose too to by extending markets for our m manufactures 1 a nu fac tures to promote the steady lady a t employment of labor while by chea cheape ening the cost of the necessaries pi of life we increase the purchasing power of the work ingmans wages and add to the comforts of hia his home honse before passing from this phase of the question I 1 am constrained to express the opinion that while the interests of labor should be always sedulously regarded ree arced in any modification of our tariff laws an additional and more direct and efficient protection to these interests would be afforded by the restriction and prohibition of the immigration or importation of laborers from other countries WHO SWARM upon our shores having no purpose or intent of becoming our fellow citizens or acquiring any ger permanent manent interest in our country but who crowd every field ot of employment with unintelligent labor which ought not to satisfy those who make |