The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-12-18
ATALK WITH JOHN SHERMAN
UPoy THE SHERMAN ACT, THE RECENT
ELECTION, AND OTHER TOPICS.

a, Hour with the Distinguished Unrecon.
structcd senstor--No Panic Would Follow
the Repeal OF the Sherman Act-Views
on Agricultural Depression-vyhy Cieve.
land won-Mr. Shermnn's New House.
WASHINGTON. Dec. Ex-senator Sherman did
not carry out some reports had read OF his
customs when called on him for an interest
ing hour last Thursday night He is mot at
homo" only when really not there. and whom
engaged Is said TO be SO by the attendant at
the door.
referred to Spain wlere ! had been since
last saw him. and told how tho Bank OF Spain
notes will not be changed by tho railway COM
psny for more than few dollars of silver. so
much is the paper currency lowered
No worse distress con happen to any peo.
pie than to have q deprecated and uncertain
paper currency. or any variable standard
OF value. Feeling that ncutely. l labored to
bring about specie payments when was Sec
Rotary Of the Treasury. though many good
men thought was inviting the ruin OF their
I was so settled In the convic-
ftion that 1t would be best that l felt almost
angry with thsm."
"The Silver Conference has not come to any
conclusion at Brussels"
II doubt II can. Mr.. Cannon. an Intelligent
delegate from this country to 1t. tclcgraphed
me yesterday to inquire whether the bill OF
Senator Hill to repeal what is called the Shcr-
man act will be passed. as had been reported
there. answered him that Congress would
take no action before that Convention con-
cluded its deliberations. But l am in favor
myself OF repeating the act Of 1890. The fact
is that silver Is going the way Of tho other
metals, probably such as nickel. and copper.
and iron. The methods now used to cheaper
khA al ~ nj oh 10 al 40
. standard OF coin. such as it held when it
represented large percentage OF labor. We
had copper once for coin. but its fall in value
WAS inevitable upon the cheapening OF its pro-
duction and tho quantity produced. Nickel
once $1.3O Q pound. has fallen to 80 cents
Pig iron Is worth about Sl3 ton. and
steel rails. once 500. are now $50 ton.
or nearly q cent and q half n pound.
Nails. perfect mills at that. superior to
nails Of other times. are but two dollars u key.
Tho falling Off OF the cost OF production in the
other metals used for coinage has produced q
momentary appreciation o! gold. think we
will not DO able to sustain ourselves against
the financial attitude OF the commercial world.
which IL tnclining toward the gold standard
more rather than less. Europe is too closely
connected with US to allow Us to be above her
WIN not the effect be to deDrcciato our sill
.o0k in that ret tS H, the Is
los. would be the depreciation OF the price OF
silver below thnt gold value at which We pur
Mr.. Alfred Kothschild speaks OF probable
panic to follow the cessation Of the purchase
pf silver BY our Hovernment:" ,,.,,,u
lions Of dollars OF different sorts oil currency.
tmple for all uses; especially when we consider
psr cent. Of the business Of Now York is done
Of events. appre hend. will hold us to the gold
standard, like other countries, suppose our
tie Treenhacks for redemption: We might
ss.Iiy T you IL syss' bus Sa ";
would Be CONVINCED that the two metals had i.
Of each, Out Of some five hundred millions of
able to i95s. into cifsalation more than Az;
seven millions Of silver dollars. The Bland
S 81 the ao of tSi
value Of the silver Having given , TIE expert r:
u4thss 9G ash for It, think We need go
- Do you not consider that four years. will
bring sb9 e% y natural solution OF the silver
TT ought to, The President elect is not with
ject: They have long wanted some expansion
II TIE sSa.s s. Witch s tsE hills and
What is the reason that. India and the
Tnitsd States are often quoted together as al
india has three hundred millions of people
who pay their taxes In silver The rupee Is
quoted as worth two shillines. Or near MY
cents IN geld 1t is to-day quoted in EnElaId
cents. yet the debts OF India for railways and
other things are made payable In gold"
that hds s s s IN ss ked
sSs bs%ss1a's viii
Yes. think thsy will cut it down. While
there are elements among them. in the South
4. 1t Is the disposition Of Mr.. Cleveland and OF
the support no received to reduce the .protec-
cut close to sustain themselves against
Eprope They viii have TO pay less WAGES
viii Is the wnsh By il
snd esstand thai the isb t; organizations
think they iId it. When TIE iet Ohio Just
stter the election t IT was Supposed We had the
py,ns; But losses in Cincinnati in Cleveland.
n Toledo, losses IN Columbus md In Dayton.
sanized labor: which v" lad d." resented whai they
fsgaEded the harsh and unjust proceedings OF
1.-THE Pennsylvania strikes. then. wore felt
The action OF Carnegie seems without ex-
cuse With the greatest iron mill. | suppose.
In the United states. said to have made q vast
profit the year before. he aroused into hosti-
ity the com binsd labor OF the country TO save
some $22 900 year. not BY reduction o; the
general list from any real necessity but strik-
Ing ct nearly every Influential labor foreman
and expert The echo came, from our manu-
featuring centres In Ohio We could not an
tlcipsts It Fortunately. the Democrats did
not Both sides were in the dark"
How did Mansfield. your home. doW
The country parts were faithful. Mr.. Har-
tor came back to Congress from Mansfield.
nainly from the labor vote and some oppose
do you consider President Harrson's re-.
Yes. think he was tho logical candidate
He has acquitted himself we'll both in his
.peeohes and action In personal contact he
sGs en S.s so w
influential IN detail. Many thought It was a
mistake not to have renominated Mo rton.
Mr.. Reid's nomination. think. was footed adj
fsa5sssly by his contest with the labor 0rganiza-
You were fortunate. Mr. Sherman. In n OF
heading the ticket this year?',,