The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1885-11-19
JOHN SHERMAN roW SENATOR,

| JOHN SHERMAN fON hhNATON'
One Of the wonders Of politics Ia the
iacl.lly with which violent plrIi4anq
can on occasion auid My change their
prfjldcea against, ~ prejudice IN favor
Of, certain politicians, M the yalternale'
ly come forward M party leaders
Seven years ago J0hn Sherman ~ q
Republican party 10 der had scarcely a
follower. or eyea an ap0lOglst, among
all the Republicans Of the MahOnlng
Valley, ana hut vary few In the entire
Western Reserve OF Ohio,
His course on tho national lnahGes
aud on the tariff was then fresh IN lhe
minds Of lhsse Republicans, and they
were yet suffering from II, and he lhep
was certainly la worse repute among
them than any other political trimmer
In the United States.
On the lnances his conduct was re'
garded ~ particularly crooked, for no
had, In 1867, In pitching thu Republican
key note Of the campaign for that year,
In q speech NJ Hllllb0rO, declared that
the "llye-twenty United States bonds
we're payable Ia greenbacks,' although
the Interest upon them was payable IN
coin. And, on bsing denounced by the
New York Tribune IN q "raacal and u
repudlatOr" for taking thla position, no
mad answered In a public letter denOunc'
Ing M regulators those who claimed
such bonds were payable In coin, ~ they
repudated the contract, and like Oliver
Twist, though not 10 starved, asked for
more"
From this position no had receded In
1869 80 far that no champlOned the law
passed that year which declared not
only that those same llye'twenty bonds
must be paid IN coin, but all the rest OF
the bond Issues.
Aud again, ~ 1873, no no much fur.
ther receded from his position taken In
1869 In favor Of the peoples interests,
that he engineered through the Senate
the passage OF IN coinage act, which do
monetlzpd the silver coin, and stopped
tbs cOinage OF the silver dollar, no that
even silver could not be part Of the
coin In which the bonds were payable
an act whlch loft gold coin alone ~ the
sole means left to the people for paying
of their enormous public debt.
Thls act WAS Intended 10. and did for
the time, Increase the wealth OF the
holders OF the bonds, and all credit tors,
by ABOUT lfty per cent, by one stroke Of
legislation; aud Indeed placed II alto
gether Out Of the power OF the people
10 pay the national debt ~ II was calcu.
lated N do for the perpetual profit OF
those holding II, ana the prolonged nd
vantage OF creditors holding oil other
debta.
Having accomplished this, Senator
Sherman still further antngnnlze the
public Interest by fathering tho re.
sumption act, which, NJ the tlms OF II
passage made the national debt, AID al
other debts with IL, payable N gold
alone on the lat Of January, 1870, and
compelled oil such debts 10 be ~ pAii, |
nv fNst M dne.in the Alngle standard OF |
gold money Or It's equivalent,
From 1873 TO 1879 u tlnanclal |
panic prevailed, producing The great |
est dlstfe's aud oppression and
sacrifice aud failure. 20 Hll pxcrp,
the exclusively creditor classes ana
persons Of fixed incomes; Al dy twhal
~ Has proposed Ia 1878 10 mitigate the4e
calamltle- by remOnel zlng silver ~ au |
equality with gold for paying oebt., aud
( relax lte coinage, aud 10 Keep the |
gryenb Icks In circulation 10 meet thr |
urgent need Of lha people for miuey,
lhg Wm' JOhu Shefmln fOugnt ali |
these proposed measures Il freely and at |
every top Of their progress, aud even |
after they had pacstd Into laws over hg |
protest and the yetOes Ot the President |
procured through hls influence,
This WAS John 5hefmins financial |
course Beginning fOyrably TO tho |
popular interests, he rapidly eliminated |
TO u bitter antagonism OF them. and |
from = comparatively poor mau himself |
grew TO 6eh yory,rlch 0ne --his career IN n |
pOlit cal tc0b0miai measured apparently |
by mYsterlOusly 4 creaing wealth IN
he vent along hls path Of Hnancal
cro0kcdnesg.
On the tarlif hls course has always
been fora reduction, aud his decisions aa |
Secretary OF the Treasury always inim
ical 10 the Interests which demand pro
lection, Notably, he decided To admit
hoop iron at tho nominal nd yalorem
duty OF 30 per cent. ~ Sec etary OF the
Treasury, and ~ Senator In 1883 hla vote
decided tho reduction OF tho tariff on
wool.
This Ia the John Sherman who IN 1873 |
could not have got corporate guard "
defend him In the Mahoning Valley,
whose very name was q stencil In the
n0strlle OF the Republicans of this West.
ern Reserve during the panic, and who
has not since changed particle, 40 far |
~ hig guhaervienCe 10 money MONOPOLY |
and tariff reduction IL concerned at
least there 10 no evidence that no has.
Yet, like inconstant children, they are
now crying for hlm-apparently.-l
| youngstown Vlndlcator. .U