New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-06-15

gpt there is luck In tho denomination OF deiea.e
were defeated one election and victorious four year
afterward. II the Republican party wants W mi s,s
70 power Il must not run any risks or ae no risk
take with Blaine there VIII DO no m'' cffrzEN
New York, June 9, 1855
THE ARGUMENT FOR JOHN SHERMAN.
AN EpfToME OF HIS SERVICES TO THE COUNTRY
AND CLAIMS UPON THE NOMINATION.
70 the Editor Of The Trtbune
SIR Business interests arc uppermost In time o.
peace Senator Shermsn's record proves him W DO
the statesman who has successfully solved the
business and financial problems and hence is the man
to manage best the Nations affairs.
Mr. sherman's first public service was rendered as q
District Delegate TO tho Philadelphia Convention Oh
1e4s. that nominated Zachary Taylor for President
In 1865 he was chosen President OF the first Repuonc
State Convention that organized the Republican party
in Ohio and solided It by nominating Salmon p Chase
for Governor. In the same year Mr.. sherman was
elected to Codgress tho non-extenson Oh sisVer'
Issue, beating bis Democratic competitor IN en
ocratIc District by nearly 5000 majority On en.crs
Congress- his first bills were for the promotion Oh com
merce through harbor improvements. Four 'ea
service lifted him to the Republican leadership Vi ''
House. and after a two months struggle 10 gVo nn 'o
speakership, although lacking By two votes, nc un
senshy gave wey to Pennington, OF NewJerscy' whoso
Of the Committee of Ways and Means he easily hea 'ne
postion of Republican leader Of the XXXVlIlth CON
gress On the resignation Of Mr. Chase as eonasor,
TO enter Mr.. Lncolns Cabinet, Mr. Sherman was ~
onco elected Mr. Chases and took his sess
in the Senate on March %, 1851
Senator Sherman recruited in Ohio on his own
plan, and largely at his own expense H,ooo
men, known throughout tho war !" ouoi
mans Brigade Restrained from entering tho
In al addressed
seIf To the study of those great problems OF TAXATION
currency and finance on the successful resolution OF
which depended the Nations life. Being consui'ed
by Secretary Chase at very important STEP the Ma
tional Bank Act was perfected through ther Io'u'
labors Under this National Banking ACT, VIC nave
enjoyed, and enjoying. safe and stable
not surpassed by that of any nation on earth IN eA
change for about the worst paper money Known "
mankind The benefits of this National currency arc
so widely extending so vast and lasting that Mr.
sberman's agency In the work of creating 1t was OF
incalculabls valuo.
While Senator or Secretary of the Treasury he either
drafted or materially amended the various refunoine
bills, under which the interest on the Pubic dep'
was reduced from 100 and per cent to per cent.
thus causing saving Of more than Sloo,ooo,ooo ia
interest alone to the Government This mar'eF
lous work he began in 1867, when our per cents
were at a discount and persevered in 1t until our
Blaine was right when he said I" Mr. Sherman estap-
lshed a financial reputation not second to that OF
any man in our history He was the author OF tho
various Loan Acts under which the millions were
borrowed that saved the Republic. He pressed the
passage through Congress Of the Greenback Acts'
which afforded In three emergencies the needed re-
Lief to an almost exhausted Treasury. he broadened
the system of Internal Revenue taxation by means
OF large revenue yielding laws lie was the joint
tbnr Will Mr. of
and attached to that act its broadcast protective
features, and through wise amendments made 1t q
tariff which secured both revenue and protection
Important and enormous as these services were.
the browning labor of Mr.. Shermans life was the re-
sumption of specie payments in 1879, under the act
drafted by himself Of January IA, 1878. With
$3.50, 00o,e COO Of outstanding Government paper
resumption was accomplished without the
reputation of a postal dime or the con-
traction of the currency to the extent Of dollar.
At this late day 1t impossible to realize the vicious
nature and the amazing Strength Of the opposition which
he had to combat No less than thirteen bills were
introduced In Congress In one day to repeal IN
the Resumption Act. The House Com
mittee on Banking Currency dragged the Secretary
81 the Treasury before them TO show how little he knew
about the science OF finance in comparison with them
selves. While they engaged In demonstrating
the utter lmpracticability of resumption, the Sec
rotary quietly resumed There was moro coin In
the Treasury the close of the first day Of resump
ton than at the opening. To speak within bounds,
and without exaggeratOn It may be doubted whether
he circulating medium Of the United States can measure
the value Of coin resumption farrcacang so broad
and so enduring have been the benefits and bless
lngs that have flowed from that most benehcent
1t was In fitting recognition OF this noble SER
vice that the New-York Chamber of Commerce or
dered splendid portrait of John Sherman to be placed
alongside that OF Alexander Hamilton the main wall
Of their chamber dedicated to commerce. The
practical statesman and fnancter whom the chief
merchants OF the Republic deem worthy Of place be-
side the foremost statesman In our history ought to
DO preferred by all business who desire that the
public business shall be done on a business basis
senator Sherman Is the best equipped In the
United States for that Office By reason OF his thirty
three years Of training for It, His record is long
and brilliant one but no record be too long which
Is uniformly and consistently good
He Will have the support of workingmen, for It
has been the labor of his life to supply them with
good money and with good wages, through protecting
duties, and because he has said that "every
should for its chief object the protection Of labor
and of those who labor, and to for them tho
largest possible share In the comforts of life" lie
always liked his sound money views and his liberal
opinions OF Sunday laws and like legislation: lie Is
'evered by the Unonsts and Republicans of the South
because he has unremittngy labored for their rights
and their full protection lie has long been the nrst
hOice Tor President OF the c0loed voters, as SHOWN
oy their course I'm two National Conventions, for he
earliest favored their enlistment soldiers and was
the author Of the first act of Congress granting them
The right of suffrage. And he is the best exponent
of projection and the efficient defender of homo
Industries and home interests for his tariff views have
taken the form Of salutary protective laws In short,
our whole 0tarif and financial legislation has been
shaped and moulded by his strong mind. The great
tariff taxation and commercial issues remain yet I'M
expressing these views At greater length
and with fuller details has been put in circulation and
received many signatures. W. i. STRONG,
Nos. rs and n Worth-st New York, June IA, 1883.
PLEA FOR ALLISON.
ro fhs FdifOr OF THe Tribuns1