New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-23
MAJOR MCKINLEY SPEAKS.
OPENING GUN IN THE OHIO CAMPAIGN.
The REPUBLICAN, CANDIDATE ADDRESSES THE
VOTERS AT SrLEs-Po1NTrSG OUT THE
DANGERS OF FREE COINAGE AND
FREE TRADE--c. c. sHAYNE's
TELLING SPEECH.


Niles. Ohio, Aug 22.-The Republican State
campaign opened here to-day with great demon
stration, over 5000 strangers being in town. Ex-
President Hayes arrived this morning and Colo
mel A. L. Conger came in from Akron at the head
Of a strong delegation and 7. r. Morgan brought
a delegation of 500 from Alliance, and another
special train, loaded to the platforms, cana from
gainesville and a cavalry company, fifty strong
from Sharpesville Penn. The city is Handsomely
decorated. There was great parade ana lnous-
trial display this afternoon. closing WITH an eiaoo
rate address by Major McKinley-his first speech
in tho campaign He spoke follows:
MAJOR McKINLEY'S SPEECH.
The campaign in Ohio formally opened TO-DAY on
the part CT the Republican party. VIII De unuSuiuS
interesting because Of the importance 10 the S'aee anu
the country Of its results in November IL Is lort"e
that the issues are Of that character when VIII eA
lite No bitterness but are well calculated % lhVie
calm and dspassionate judgment. 1t Is fortunate
zoo that the issues arc well defined ana ef''rN
marked that no misunderstanding or eVss'on O'
The platforms OF the two parties whch ooi' ~
their official declarations, are sinGuisriy Hoo "o"
ambiguity and confusion. Both declare IN ooia ana
- tor,s ,boir Marty faith and both must be
ns,dey.a, a. the lines upon which the pontcaI con-
80, l. 10 be waged : would not change OF aVod
Nv, - copld and nv competitor cannot clanse OF
avoid them if he would. --.,..,- H..
w are the issues limited TO local questions alone
They are general and National. Both platforms speak
l,r their respective parties in the state upon tnoSe
pubhc questions which are the exclusive SUBJECTS Oh
FEDERAL jurisdiction and Federal legislation
The Democratic platform declares for the nee ana
,;,,,,ed coinage OF the silver of the world, to be
olned a. freely as gold is now, upon ule same terms
and under existing ratio. The platform Oh tne hepuO
Hcs1 party stands in opposition to anything Shorl OF
tuu and complete dollar and approves Oh te eslSI@
.-ffxra lriah 40
t,, Of the last Congress touching silver WHICH essiA
.or enioins the monthly purchase Of SILVER up 10
900 600 ounces-an amount 1uLy equH IL HoV l" Ca
oes If the entire silver product OF tle Ci'ou 0'N'
IT,. Ios,slation is mighty bulwark for the pr2tec
-, :, si,tar II has preserved and enlarged It's none
. uses mon safe basis, and has provided tNaC li'o
,vor aoar shall be kept as good as the oest oollat
"a orr coinage always equal in lesal'endeT qu1'y ana
debt-paying power - =, .h -.-orgo+
- bich can be furnished OF the purpose OF the
n4,,o., Marty 10 maintain silver as money, ana OF
a., ,asltIon 10 keep it, and the whole OF IT, in use az
W. NJ our circulating medium equal WIN eou' Inc
~ which the Republican party put upon the statute
h.o neclares the settled policy OF the government ="
maintain the two metals upon parity WIN eaeh O'e
mon the present legal ratio or sueh rato dS may
r-An1 nv law Under the law prior to that OF last
paoI . 600 900 silver dollars were coined monthly
90 NUT into circulation which sum absorbed less than
orehs Of the silver product Of the United o's'es.
Althnuch s4OOOOO0 Of silver coinage was adt'ri%eu
10 the laws of Congress- neither the kepuOllcEh uo
Derpocratic Administrations exceeded S2oOOoOo VI
80 monthly The new law will increase the use
~ silver a. a money circulating medium more IhAh
60 eco 600 monthly thus giving to the people an IN
sed c,r,oaey with which To do their business wnch
Increased currency will always be good as the Doe'
money in circulation.
WHAT THE DEMOCRATIC PLATFORM MEANS.
The free and unlimited coinage OF silver Nenanueo
by the Democratic convention IN CIeVolahu "Io""''
10 this: That all the silver Of the world ana loai
every quarter Of the world can be brought 10 inc i'
~ the United States and coined at the expense ci me
Government that is that the minis OF tie ohl'eu
states must receive 4I2 IL grains Of silver, whch Is
north hut so cents the world over, and coin therefor
silver dollar which, by the fiat OF the government
is 10 be received By the people of the Unhed states
and To circulate among them as worth iu ooilar VI
100 cents The silver producer whose Az IL grains
of silver are worth only 80 cents In the markets. Oi
this country and the world is thus enabled
fo demand that the Government shall take II at 100
cents VIII the Government be rs kind TO the pro
Queer Of wheat pay him 20 cents more per ousei
than the market pricel The silver dollar now lSsue
under limited has 30 cents Of Intrinsic Vaue
in it, so accredited the world over; and the other
twenty cents IS legislative will-the mere breath Of
Congress- That L. what the dollar lacks Of value 20
make il a perfect dollar Congress supplies by public
seclaraton and holds the extra 20 cents in the Treas
ury for its protection. Now is proposed TO remoev
the limit and TO make the Government coin not for
account of the Treasury but for the benefit Of the sill
yer mine owner
II does not take very wise man 10 see that If a
dollar worth only eighty cents intrinsicay coined with
ont limit is made egaltender TO the amount OF its
face value for the payment Of all debts public ana
pr4vate a legaltender in all business transactions
among the people that il will become IN time the
exclusive circulating medium Of the country. Cold
which is 20 per cent more valuable on every dollar
Y1 not he paid cut in any transaction in this country
whom an eirhty-cent silver COLLAR viii the pur
nose Nor Will the ereenback be long IN returning 10
the Treasury for redemption in gold. We shad 90 our
hpress therefore with short dollars rather than with
fun dollars, as we are now doing
The coll dollar viii be taken from the circulating
medium OF the country and boarded ana te euect VIII
be that the circulating medium VIII not be increased
but reduced to the extent of the gold now Circulating
and we will be compelled 10 do the business oil the
country with silver dollar exclusively, when Is con
fessedly the poorest instead OF DONG our pusHeA'
with gold and silver and paper money all equal anC
all alike good The volume OF our money WILL there
fore, be contracted.
TIE SILVER QUESTION BUSINESS ONE
This question of silver is business one, in which
all tho people, whatever snay be their pohucsI anna
ton, have a deep interest. II we could nave an III
tenatjonal ratio which all the leading nations OF the
tween TWO metals and all agree upon the quanuty o.
silver which should constitute dollar, then silver
should be as free and unlimited in its privileges Oh
coming as is gold to-day.
But that We have not been able To secure ana VIII
The free and unlimited coinage Of silver adopted in the
United States at the present ratio we would be sun
further removed from any International agreement
We may enter upon the isolated coinage OF silver
The leading nations of the world would be glad 10
put us upon a silver basis. There is little doubt
that Europe only wthh0lds consent 10 an Inter-
national ratio account OF her belief that we VIII
eventually 90 10 silver. II she believed otherwise
she would not be slow TO give consent. The nations
which are on silver basis alone the poorest ma
tons OF the world. and constant financial dis
tuIbance and monetary disorder
The danger Of free and unlimited coinage has been
polnfed ont nVe- I'd oyer AGAIN BIZ leading statesmen