New-York tribune., 1891-08-28
A PLEA FOR HONEST MONEY.
SENATOR sHERMANs OPENING SPEECH IN
OHIO.
a MAsTERLy PRESENTATION OF THE FINANCIAL
ISSUE IN THE CAMpAIGN-GoLD AND SILVER
OF EQUAL PURCHASING POWER.

a MASTERLY PRESENTATION OF THE FINANClAL
ISSUE IN THE cAMpMGS-GoLD AND SILVER
OF EQUAL PURCHASING POWER.
Toledo, Aug. PA dispatch TO The Blade
from Paulding says: Senator Sherman arrived IN
the city from Van Vert this morning and held
reception all the forenoon. The clouds portenoed
rain, but by noon fully 1000 people had arrived
in the village. Senator Sherman made his first
speech of the campaign. Many visitors from other
cities were also here. At O'Clock, when senator
Sherman began to speak, fully 5000 people were
on the grounds. A reception in honor OF the SEN
ator was held this evening at the Thompson House.
SENATOR SHERMAN'S SPEECH.
This is what the Senator said:
Pellovcitizens 1 am nlucf eratlAed that am called
upon 10 open nv psrt in the political canvass in Ohio
in the county of Paudins. am fully ADVISED OF your
resources and your remarkable growth Withm the fso
ten years. Your population has nearly doubled during
that period, showing larger percentage Oh ipcree Vn
any other county in Ohio. You now have repre-
sentative in the Legislature all 10 yourselves ion
have natural resources which win make Pauldmg
County one Of the richest aud most productive counties
IN Ohio The northwestern counties, though the dsC
to be developed. have the most hopeful promise Vi
growth and prosperity in the future But feio".
citizens / do not come here to talk about yotr local
affairs or even about Ohio but of questions thai suocO
every citizen of the United States Of America
II has been said by many persons OF both potucaI
uarties that this Is to be campaign Of educatOh
besyc II ought to be So for the leading questions IN
voivcd are purely business questions affecting matera
Interests common alike TO men OF all parties
Upon two great measures Of public poIlcy the f'e
publlcan and Democratic parties lave made formal
and distinct ISSUE and these to be submitted TO the
people OF Ohio in November and your decision VIII
have a marked effect upon public opinion tor0ukhouV
IN, United states one Is whether the holder OF silver
bnlion nav deposit it In the Treasury of the oniteo
states and demand and receive for 1t one doiiar OF
coined money far every 371 grains OF fine silver de-
posted The market value Of 50 much silver bullion
Is now about II cents. varying however, from oaS W
day like other commodities, sometimes more ana some
times less The other question whether the poucy o
taxing imported goods by the Government OF inc o.eu
states embodied in our existing Tart law known as Oie
Mckinley tariff is a wise pubic policy or whe'her IL
should bs superseded by what IS; called tariff for
revenue only as embodied in what is known as the
Mills bnl which passed the House OF representatives
in 1888 and was rejected by the senate
Now these measures affect directly the business in
forests the life and work and labor and properly OF
every inhabant Of the United States, from the hum
hest toer 10 the greatest capitalist in all the multi
,lod en,noyments of human life and every grade OF
human industry Surely such questions ought 10 90
considered free from party bias or beat or excitement
and SOLELY with a view TO promote the greatest goou
q, The greatest number Under our free system OF
government there is way to determine t0en except
nv the Judgment of the people authorized TO Vote'
each voter having an equal voice through repreSeh-
tatlves chosen by them, either directly oy oaloV OF III
directly through the Legislatures OF the several states
No man is ft to participate In this great trial by inc
neople unless he win take pains TO inform hmseH 30
far as he can of the merits Of these propositohs'
Az one ~ your agents or servants, have given 10
them such careful study that / have made up my
mind but my opinions of no importance uness uiey
are sustained by the people the final arbter ana luose
Of all questions of public policy Arising uhuer 'ne
Constitution Of the United States
Now, l propose on this occasion to conhne mSsel
mainly 10 frank and homely discussion OF the money
oueston as the most pressing not that the tsrf qu
ton is not equally important but for the reason 'hat
can only do thing at n ume' ana INC noioS
ouestion is a Is now before US, upon "'on
Reuublicans and Democrats alike are somewhat oi-
vded I wish to appeal TO the reason and common
sense OF the people who hear me- for that is ld 10
ba the highest wisdom Every one Of you must feel
the Importance OF money what kind Of money you
receive for all your labor and productions what is Its
purchasing power Will IL vary In value is II gooo
The women as we'll as the men, are interested IN H.
ALL MONEY NOW AS GOOD AS GOLD
Now. Won all know that the money in circulation In
the United states-a OF it's good, as good as gou'
II will pass everywhere and buy as much as the same
amount Of any other money in the world our money
Is Of many kinds-god silver, nickel and copper are
all coined into money Then we have United States
notes. or greenbacks gold certificates silver certh-
Gates treasury notes and national bank noces bu,
the virtue of all these many kinds Of money is tha'
they are all good. dollar of each Is as good as a
dollar OF any other kind All as good as gold.
put and here comes the first difficulty, the silver IN
the silver dollar is not worth much as the gold In
the gold dollar The nickel in that coin is worth but
a small part Of five cents worth Of silver Ana the
copper in the cent is worth onefth Of the ncKel
in a fve-oent piece. How then, you may ask me- can
these coins be made equal TO each other The answer
is that coinage Government monopoly, ana tnOugh
the copper in five cents Is not worth nickel and the
nickel in twenty pieces Is not worth silver dollar ana
the silver in sixteen dollars IS not worth sixteen dollars
In cold vet as the Government coins them, ana re-
ceives them and them at par with gold con
tsy are for all purposes money equal TO each other
and wherever they 60, even into foreign countries,
they are received and paid out as equivalents
The reason OF all this is that the United States limits
the amount of the coins TO be issued except gold
which being the most valuable is coined without limit
II coinage Of all these metals free and any holder
Of copper Nickel silver gold could carry 1t TO the
mint 10 be coined, we would have no money but
CONFER and nickel they the cheaper metals
worth less than onefourth Of what, as coin, uley
pu,poyt 10 be- For the reason. IL the coinage OF
silver free s the S - Of sixteen 6scsBse Of syer sS S ee
onnces of silver are not worth one ounce OF GOA.
holder O Of SS Oa set vsr dor RaS s @ S S T ns He
would sell his god IN the M aS sd Soe G eAo bs eop a az S
mint As matter OF course he would not take Ills
TIE REPUBLICAN POSITION.
Now, fellow citizens with these simple facts ex-
,stlng known to son all, wish TO state the precise
issue of this money question between the Republican
and Democratic parties In Ohio made at their recent
state copve.tions The Republican party declares
that:
Thoroughly believing that gold and silver should
form the basis of ali circulating medium We indorse
The amended coinage act OF the last hepaoncHn Soh-
Srcss by which the entire production OF the silver
mines OF the United States added to the currency OF
the people ,, l.. l., .,o ,,a,,o-p nro,-dOs
sThat the Secretary OF the Treasury is hereby drecteC
IN nurchase. nom time to tne silver DulhOh 10 ue
s,ereaate amount Of 4,500,00 ounces, or 50 much
thereof as may be offered In each month ~ the marx,
nee thereof not exceeding S1 for three hundred and
seventy-one and twenty five hmdredm grains OF pure
silver and to In payment Of suoh purchases o.
silver bullion treasury notes Of the United otatS io
be prepared by the secretsry Of the Ireasuryl II
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