REPUBLICAN PARTY, THE, in the United States was organized in 1854. In 186o, it elected its first president, Abraham Lincoln, and since that time, in a very large measure, has directed the political history of the country. In the 68 years (1861-1929) a Republican president has been in office all but 16 years, and in Congress the party has been in the majority in the Senate all but 12 years and in the House all but 22 years. The Republican Party has emphasized nationalism, first as against the doctrine of sectionalism and possible secession, later as against what is generally termed internationalism. A cardinal principle of its creed is the protective tariff. To the credit of its leadership are the first trans-continental railway and the Panama canal; the acquisition of all U.S. possessions abroad; promulgation of the "open door" oriental policy; the maintenance of financial stability. It opposed entrance into the League of Nations, and opposes adherence to any form of super-government. Since the World War, under its leadership, the United States has established a record for payment of national debt unequalled by any country in the world's history, and for rigorous economy in governmental management.
John C. Fremont, of California, and William L. Dayton were the nominees, but were defeated after a vigorous campaign. Many events rapidly consolidated and intensified the anti-slavery movement, and on May 16, 186o, probably the most historic of all Republican national conventions assembled in the "wigwam" at Chicago. It established a majority rule for nominations in contrast to the Democratic two-thirds. Threats of secession were denounced by the platform, which favoured restriction of slavery, opposed re-opening the slave trade, and favoured a protective tariff. Abraham Lincoln was elected president, Hanni bal Hamlin vice-president. The story of the Lincoln administra tion is very largely the story of the Civil War. Preservation of the Union at any cost was Lincoln's policy, and emancipation and other policies were largely incidental. In the midst of war, however, the party found time to establish in 1862 a national currency through a national banking system; to pass a high tariff law and internal revenue acts; and to begin construction of the first transcontinental railway. Despite earlier doubts, due to opposition to the extent of the war and its terrific cost in life, President Lincoln was re-nominated by acclamation and re elected in 1864, Andrew Johnson, of Tennessee, being selected as vice-president to secure the border States' support. The war was continued to a successful conclusion, but the assassination of Lincoln on April 14, 1865, quickly terminated the celebrations of victory.