The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1888-11-08
SHERMAN'S SPEECH.
The Statement Denied that he ever Loaned Money
to Pet Banks.

this place this afternoon to a large au-
dience. He said in part:
They say that John Sherman had at |
one time Sl61 ,OOO, 600 in the national |
banks. Let us see about that. When |
we were refunding the public debt and |
when was called upon as secretary to |
sell $500. 900, GOO per cent Donds; WIN |
which to paw for $500 900 600 of per |
bonds, then we made these banks de- |
positors and we said that if any cltl- |
zen wanted to buy any of our per
cents, he might deposit the money with |
the banks. Then we left that money
in the bank for ninety days and Whyf
Because under the law we could not
apply that money to the payment OF
the per cent bonds until we had given
holders and TO prevent the
withdrawal of the money from
circulation, we left it with the banks
for that time; we sold 800 ,00O.OOO of 3
per cent bonds thus saving you Sl2I-
OOO, 900 of interest per annum. While
this was going on this money was lett
with the banks so that it would not pc
withdrawn from circulation, but the
very moment the ninety days were out
that money was withdrawn from those
banks to pay for the 6 per cent bonds
and the transaction was ended. Wnen
any democratic friends say that the
republican party did these things L
most respectfully and in the .politest
language say they are greatly mistaken.
(Applause.l / have shown you that
the pretence of the democracy was
absolutely unfounded, while on the
other hand, money matters were con-
Quoted with marvellous success IN re-
publican administrations, as to excite
the wonder and surprise of Gladstone
and Bismarck, and the promise OF the
| United States to pay 81 600 IS worth
more in the market than the promise
of the Emperor of Germany or the
| Car of Russia or the government of
Great Britain itself. [Applause.l In
regard to the charge of rascality, IL
you can tell me of single republican
| who was turned out of Office for that
cause will give up the ghost. APP
plause.l 1t is one of our prudent
boasts, that when the government
passed from our hands. there was not
smallest postmaster to the secretary OF
the treasury, charged with
SPECULATION or defalcation. Zap
| piausel. 1t is not likely that when
| General Harrison comes in on the 4th
| of next March that so good a showing
| will be made by the democratic party.
Have you gained anything in your for
eign relations by democratic admin
| istration? [Cries mo, no."l When
General Grant was president all the
powers of the world respected US. APP
| plause.1 Suppose Cleveland had been
| president when the Alabama claims
were settled and England paid US S15,-
| SOC. 600 in gold would he have got dol
lar or a nickle? [Cries mo, no-"l He
has shown his ability by his treatment
| of the fisheries question. What have
the soldiers gained by Cleveland m 9 eie Zee;
ton? Ia voice. ''vetoes."l Think
there in his luxurious upholstered
chair, and going into the detail of
twelve. eight or a six dollar pension
bill. which congress has pass
ed. to see If he couldn't find flaw.
1t is enough to sicken me and don t
want to dwell on it. (Applause:) You
people, democrats and republicans
Alike. fought bravely for the flag and
| you have no sympathy for any such
poppycock work. daughter and
cheers.
Senator Sherman next spoke of the
committee which framed the Mills bill,
saying it was appointed by an open
| free trader, Speaker Carlisle, and con-
tanned six southern brlgadlers who,
with two democrats OF the north. en- m
| tered into q secret cOnclave and formed
the Mills bill. AS soon as it
was reported, northern democrats
began to sGueal. A Connecticut
man said: 'If you don't
restore the duty on wood screws there
will be no democratic congressman
from Connecticut A man from New
Jersey said the same thing of pottery
and so they let wood screws and pot
tery alene. Here and there they
patched up their bill, so as to suit a
few northern democrats but when ever
the bill affects district represented by
a republican. struck ruthlessly and
reckiessly The policy of protection is
a benefit to the farmer directly guard
ing him against Canadian and other
importations of farm products, and IN
protecting him against the importation
of Australian and South American
| WOOL Under this system he has a
home market for 81 per cent OF all his
1 farm products. The farmers are not
the only people who are benefited.
Whatever tends to produce general.
prosperity is beneficial to all classes
| The laboring people. the citizen are
l Take it away and you bring our labor
ing men in sharp competition with the
ilaborers of Europe. where they get
scarcely enough to support life: Some
democrats say it makes no difference
| In wages That is great error. They
| say the reduction would ran upon the
manufacturer, this is greater error.
If a manufacturer finds he cannot
make money. ne can go out OF MS
business or change his business. GU
cannot throw the burden upon him.
The burden falls upon labor, which Is
| ninety per cent Of nearly ever pro-
duction. The question Is between
American interests and English
interests, as was only recently
shown by that remarkably friendly
letter of our friend Mr.. Sackvllle west:
daughter think the meanest act OF
uDon its friend. 1t was q cOwardly act.
4 If Mr.. West had come out in favor OF
me. although his policy was wrong,
never would have turned my back upon
: him. but would have fought it out on
that line IL it took all summer. Cheers.
This administration has not only Sc.
cured the endorsement of the rebels OF
the south and the free trade elements
: of the south and the mugwumps OF the
, north. but has the endorsement of the
, | British minister. lAppiause.l Indi
ana has been greatly honored by thu
nomination of its most eminent either
for the presidency of the Uni
: ted states It is higf
honor TO one of thirty-eight sistel
: states. ] appeal TO you then. not onIl
I as republicans, but as democrats, moi
/ merely as men belonging to a party
; but as men belonging TO great ant
/ honored state. remember the obligation
s you owe TO this eminent citizen AMI
e gallant soldier who has been named 70
1 | tie presidency of the United States
q | General Benjamin Hzrris0rs sGrea