Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1878-08-27
POLIrIC AL.
THE CAMPAIGN IN NORTHWEST.
ERR ONO.
An Address by Secretary sherman.

TOLEDO, August 20. The political eamp sign in
noIthwest ei u ONO WAS to night opened the
part OF the republicans by Secretary Sherman,
who addressed largely attended meeting at
Wheeler ) opera house. The secretary devoted
his remarks manly to the conside atom of the
financial question. During his speech be read
letter f. ON COR, spondeni OF the Cincinnati En-
qun, Of 10 day, Ia when the following questions
Air asked sbuut the AIDE dollar:
Fn>t-Wha, Is the matter with the trade dol
lar' expect you to say II is not legal tender,
nor II tor ulnetv cents
Second ne government I, ceivel dollar for
dollar when she put tie Il ate dollar out I
1hud-Dld the person receiving the trade
lollal ON The government do 50 wlth the under
standing that he had to take II TO Chlna to spend
in If anybody II to blame who is II
lie said The tiade dollar was not a legal tender,
but is worth ninety cebts as bullion. The stand
ard dollar Is a legal tender, and therefore worth
par That is The d ference. 10 the second ques-
ton he ann Xei that the government did not
ceye dollar Tor dOlla' for The trade dollar, bur
iecelytd QUE and one half cents fjI cuinlng each
dollar iol private bullion owners, that va all. 1t
WAS the miller that x ounu the gust Tor small
per ceuta-e. 10 the thlrd question he replied
that The bullion owner dil receive the trade dol
lar ion expectation 10 Cuins, device made to CIV,
him a market tot hi, lion, and upon the fail oi
silver, II was p, ryerteu by MN Is means OF
cheating our own people.
lie continued rs follows What want is the
largest amount Of currency that eau he maintain
ed al par with The established CON OF the cuuuir,
From he diversity Of our wants We must have
many # rent kinds Of money 10 measure great
wants aud little wants. We must have com mon
ey AID paper money and plenty oil both Whs
contend for l. that thong our money NAV be Of
many hi ds 1t must all nave the same purchasing
power. Tie essenlisl quslnles of all good money
are stability, ~ atty aud convel tbihty. No dis
,lnt tlOu huuld be made between coin money aud
paper money OF between the note holder and the
OonV hold, I. he molty provided by the gov
eminent suould pay al debts and should he used
foI all de6,s SUBJ CT 10 h.se conditions. | am for
the largest amount of each KIND OF money de
msDuet ton the wants ot business, the arges,
pos Die use 81 silver, ami rs lee trcul ttIOn,
beng ihtc-.'ens bic TO any sssteIn OF uoury that
can be devised, hui like all other money IL must
be maIGtslncu IL some way or near the lat insic
value Of other money Ii slv r Is coined AT les
naO lis market val 4e, and issued without limit, i
vii As surely di,pace gold as ", II as water WI
III place a +. Therefore ttaCtioi silver l. limit d
to jU,OOO.UU, ard Is u " ISSUED when required 10
eNchanse tor United ae- note,. But gold also
Is au ma -pen-able san iaid of value. 1t meas
htes all toe larger Transactions OF business life.
| am IN tayUr Of 20 All hsIng This matter that
bolh IA. tails viii circulate at par WITH eaca other
tnat You will nave gold sges aud silver dollars,
ana tullar oi either will icha,e precisely the
same conmodIte-. his can he done while tie
no with god either (ll by limiting the amount OF
slver to be i,surp o. (2) by rcadi st ng The rca
ave weight Of tbs wv COINS, eltuer by Increasing
the Wei ut OF the silver coin or lowering the
weight Il god CON, OF eqnal Nug them by Ia
creasiDg the weight OF silver and lowering the
GOLD, OF 81 by tue International conference he
iween the ui metailc nations now in session,
which suceIely uust may arrive at some practi-
cal resul elher plan o. any other 10 keep the-.
coins on a par value with each other will me ct my
nearly concurrence. bat ain utterly opposed Ia
anv measure that VIII deprive u, of the use oi
itnet com circulating -ide by side, If equai par
chasing power, a paI with each other. | assure
you III ali II al kness that The silver question must
NJ solved III sume such way, OF We VIII have to
adopt the siugIe staudi of silver like tae Cnin-
st and other Asia.Ic nations.