The letter of the Democratic candidate for the American Presidency
accepting his nomination is of importance rather as indicating the wishes than the policy of the party. He is evidently opposed to high tariffs, which, he says, protect "huge industrial combinations " ; but "reform of the tariff must be prudently and sagaciously undertaken on scientific principles." He will not improve the condition of America by a system of subsidies. He looks upon the possession of the Philippines as a fetter, compelling America to keep the peace ; but if the Filipinos are not ready for self- government, a promise to grant it when they are ready will help their development. He would avoid "spectacular inter- meddling with the affairs of other nations " ; would con- sequently reduce naval as well as military expenditure, and would refuse to be policeman on the American Continent ; but he says nothing of any intention of abandoning the Panama Canal, or of surrendering the preferential right of the Republic to its control. He will receive, of course, the undivided support of his party, but it may be questioned if his declarations are spirit-stirring enough to draw away any large section of the votes which at present adhere to his antagonist.
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