The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-10-26
SHERMAN ON RESUMPTION.
Address Before the Silk Weavers
of Paterson.
REPUBLICANS VERSUS DEMOCRATS
Benefits to the People Resulting
from Specie Payments.


A well attended republican mass meeting was held
last evening ut "The Wigwam," on Broad way Pater.
son. N. j., at which Secretary Sherman the prn-
cipal speaker The chief interest in the election in
New Jersey hinges upon the fact that the Sem
ators chosen there this fall will have voice in the
election of United States Senator to succeed Mr.
Randolph. AS Passaic county pretty evenly divided
between the two parties is the contest waged with un
usual vgor. Among the distinguished citizens present
last night were Henry L. Butler, Chairman Of the
Republican County Committee; Corporation Counsel
John W. Griags. ex-Mayor Tuttle. ex-Mayor Buck
ley General Judson L. Fitzpatrick, Carrot A. Hobart.
Cathalna Lambert and DR.. Nightingale. Mr.. John
W. Griggs was elected chairman Of the meeting. and
tina usual number Of presidents and secretaries
were chosen.
Secretary Sherman was introduced by Mr.. Griggs
and spoke as follows:-
FELLOW CITIzENs-I wish it to be understood to.
night that intend to have plain, frank talk with
the people of Paterson upon questions which affect
the common interest of the people of the United
States. believe this is the first time have been III
the city OF Paterson. When an appeal was
made from this section for some kind
Of protection for the manufacturers of
silk thought it impossible to introduce
into the United States an industry like this. But
believing that should give American industry u
chance as against foreign willingly co-operated
silk products AS silk was article OF industry
confined mainly to tho rich believed then AZ
upss should be- made the sabso o
tax, and therefore levied duties somewhere
between forty and sixty per cent. The indus
try in your city tar surpasSes my expectations.
had idea that in 1860. when this nest egg was
laid. that should visit city where $4,000 people
were employed in the manufacture of silk goods.
The first idea that want to impress upon you is
that upon this subject tho republican party was al
ways right and never wrong and the democratic
party was always wrong and never right. ZAP
plause.)
The first great measure OF the republican party
the passage of the protective tariff 1860 which
built up the workshops all over this land. There
fore the workmen OF this country should stand
by that party that in every stage OF history has
protected and fostered American industry. The
the adoption OF another system Of Of pubic
policy. and that was the homestead policy.
Haughter.) 1t the idea of the republican party
that the public lands should be set aside for those
who came to this country and who were without
homes here. and that they should not DO sold for
money; that every one who wanted to go West
might settle upon the public lands for themselves.
That was one OF the earliest ideas OF the
party. In 1854. together with the pledge Of
preventing the extension OF slavery they gave this
pledge. In due time, under the administration of
Abraham Lincoln. passed the Homestead law
(,pplause)-so that this is the policy Of the
publican party extended to all citizens Of whatever
clime thus being in the interect of the laboring
man ana the poor man and the development OF the
country and our institutions.
There was another matter:-Those who came to
us claimed by foreign potentates for military
allegiance. and foreigner could not 20 back again
of that shackle from the American people. On
these matters the republican party has been on the
on the other hand has been false to every PRIVILEGE
of every white as well as black man in this country
Ny friends hero have given me some credit for
the resumption of specie payments Let state
the facts In September. 1873. this country was
the country. The balance OF trade was against us
aud we were in debt. Everybody was in debt
fna there two IDEAS
One that the right way to cure the evil was to
dog would cure the old bite. Another was that our
paper money should be put up to the standard of
god and silver coin. and that that would bring
about such change in business would bring
good times. The republican party settled on the
idea that specie resumption was the remedy Tho
democratic party. thinking they had a chance to
win an election by helping the inhationiss. opposed
resumption
The Resumption bill was passed by republicans.
1t contained three simple propositions; first that
the fractional currency would be gradually replaced
by silver and gold second that there would be free
banking, aud, third, that on January !, 1879 we
would pay IN gold and silver coin the notes Of the
United States that presented at the Treasury NJ
New York. The democrats said could not
do 1t. In April. 1877. the operation OF accu.
So 100000 q month Instead Of borrowing at Ave
per cent issued bonds at four and half and then
ut four, and these finally commanded premium.
And what happened the I'd of January? Only
$500 was demanded. and from that day to this any
man who has United States notes can present them
and obtain gold silver coin. These notes
are now now. as good as x tho best best gold coin
who anxious to get their gold are
now rather mad because we make them take gold
rather than greenbacks. On the LIST OF January
nS aD01 now we have n sSS soS .n IN
50,000.000 in silver. and no one wants the coin.
Since the panic have received $500 900 more than
obligations to the Almighty, and willing a.
republicans to acknowledge 1t. but we are under no
obligations to the democratic party. tLaughtor)
PROTECTING BALLOT.
want to speak briefly on one or two other quos-
tions. I want to serve notice on tho democratic
party that the republican party have resolved on
two things. We are going to secure to every lawful
In this country tho right to ballot in
When member Of Congress or officer of the
tional government is to be elected Congress has
power to regulate such elections. and tho
republican party intend, IL the present Law
is not strong enough. to make 1t still
stronger. In southern States that right is turned
to the very men who deprived the people OF
right that wrong. so help us, Almighty Godi Zap.
plause After the great frauds occurred in 1868 In
the city OF New York In the time of Tweed. wncD
$4,000 illegal ballots were cast and the vote o.
republican party passed net to secure the purity
of elections, and by tho appointments Of marshal
broke up the wholesale frauds. such com
mitted In New York. The democrats undertook to
repeal the law. but the President of the United
States. firm, faithful. true republican. vetoed It,
(Applause.)
victories for the republican party In the coming
elections After he ceased speaking General Xii.
patrick and Mr.. Garrett A. Hobart addressed the
IN Getting on local issues.