Republicans, Mr. Roosevelt continues, believe in the gold standard as
a permanent organic policy. The merchant marine should share the benefits of Protection, and in this context Mr. Roosevelt declares that no era in any country had been so productive in material benefit, alike to workmen or employers, as the past seven years under absolute Republican control. In that period the United States, with exports exceeding £3,000,000,000 and annual agricultural products amounting to £800,000,000, stood at the head of the manufacturing countries of the world. The letter concludes by saying : " We have striven for civic righteous- ness and national greatness. We hold ever before us the all- important end of policy and administration, —a, reign of peace at home and throughout the world, of peace that comes only by doing justice."
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