The Red Cloud chief., 1892-11-04
SHERMAN ON THE ISSUES.
The Ohio Senator Talks Money and Fro
lection Mt Chicago.

ON NE "
The Ohio Senator Talks Money and Fro
1 lection Mt Chicago.
! A large audience greeted sena;or
John Sherman, of Ohio. at Central Mu-
sic hall, Chicago. on the night of Sat
urday, October 90, on which occasion
he delivered a lengthy address on
Silver and Wildcat Currency" con-
cluding with a strong Endorsement Of
the tariff bill During the course Of
his remarks Mr.. Sherman said:
There is q contest In this country. not be-
tween small paStics, but between great partics.
i take II that IN this intelligent audience Il IL
not necessary foe me 10 discuss the temperance
party or the farmers party. The best temper.
ance party is the Individual conscience Of each
citizen and inhabitant Of the United States. As
Tor the farmers party, the republican party has
been the farmers party, as well as the peoples
In 1886.
The controversy IL between the two, the
Democratic ard republican parties, as they
have named themselves. TIT democratic party
has n very popular name. II means n govern.
ment through the people. But the republican
party has u still more popular name. It liz a
government by the representatives Of the peo-
pic, and that name expresses more distinctly
the true nature OF our government than tho
name democratic. but the democratic party
has forfeited for more Than thirty years the
very name OF the democratic party, and ought
now to bc christened the confederate democracy
OF America.
Nov, one issue between these two parties 10
whether the people Of the United States, the
most practical people among the nations Of the
world, are willing u abandon the national our.
rency which has been established by the rcLub-
hcan party In the foriu OF United States potos
and treasury notes and silver certificates and
gold certificates, oil OF equal value. not only in
the country OF the United States, but all over
the civilized world. Whether we will abandon
this form Of currcrcs and revive again the old
currency Of our fateers, the red dog shin
plastors Of thirty or forty years ago. This In
one Of the questions. Another OF the questions
is whether we will authorize any holder Of 37lk
grains OF silver, worth In the markets about %
cents, to 60 10 the treasury OF the United
states or TO the mint, and there demand q dol.
lar: or IL we cannot coin tho dollars fast enough
10 demandy your note, the note Of the people of
the United States, for o.. when the
purchasing power Of the silver In
that dollar is but sixty five cents. Or whether
on the other hand. we will buy that silver
~ fts market price, coin II rs IL il needed by
the people Of the United States. and maintain
II NJ the standard OF gold In all the markets OF
Che world. That is the second question. The
third question that also Affects your interests
Is whether. In levying duties on imported goods
from which we derive the chief source Of our
revenue, We should be guided alone by the nero
obtaining OF revenue for the support OF the
government, or whether, In addition to that,
we should seek TO diversity, increase and mag
nifty and improve the domestic industries OF
our country, and to protect the labor Of our
people against undue competition abroad
Now. gentlemen. these questions arc to be
submitted to you. They are AZ distinctly de-
fined by the, platforms Of the two parties rs
ever u case was presented In tho supreme
court Of the United States. The sides are
drawn and you are to determine It. We cannot
submit this question 10 lawyers or TO courts or
to congresses, but after all the final settlement
must he determined by men like you, or twelve
million othcrs like you. oil Of whom ought to be
armed with an equal vote, but I fear In some
places that will not be the case.
Now. ! want to discuss these questions -
briefly ns possible, in the simplest form Of the
English language. Take the first question. The
question Is presented by the democratic plat.
form. It Ia contained In two lines, ~, worry
simple little proposition. Now, let me read II
20 you: we recommend that the prohibitory
10 per cent. tax on state circulation be re.
pealed.' Well. now, ut the first outlook Of
that simple resolution 1t would seem that o tax
OF 10 per cent. on any kind Of circulation would
be u very heavy tax. and the plain farmer would
soy: That IL too much tax. Why not 9 per
cent. or ] per cent? The answer Is, my coun-
trymen, that that tax was levied In tho midst Of
war, In order To drive out OF existence and cut
the throat OF this system of state bank paper
money, which had ruined the country over aud
over again, and involved II In trouble II would
make IL impossible for state banks 10 continue
IN existence, and why was THAR Why, my
countrymen, under the constitution OF the
United States tho states are prohibited from
emitting bills OF credit, and bills Of credit are
supposed To he any form OF money to be circu-
lated rs money. II forbids also that they
should make anything but gold and silver o
legal tender In payment OF debts. That is the
provision.
"when I come TO discuss the next question I
sometimes grow impatient. say tbercis but one
solution OF this question. Ono OF them Is sought
by the president Of the United States, by Ben
5amin Harrison, by what IN called a commission
TO ascertain whether or not an adjustment could
not be made between the great nations OF the
world, either by providing u new ratio, and
forming as Tar as possible q uniform ratio, or. II
that could not be agreed upon. TO agree upon
what mode and manner ana how far each nation
will maintain its silver up to the standard OF
gold, and thus have what Is called the double
Standard Of silver and gold.
'Now. i don't know whether this viii be q sue
cess. I hope II may be. But one thing ! know
that II IL falls, then you business men have got
To meet this propositions: You have either then
20 stand upon u silver standard and Danish our
gold to foreign lands or do the other thing,
which l am in favor Of. aud that Is TO put enough
silver In the silver dollar to make II equal I'm
value TO the gold dollar. Three hundred and
sevcnty-onc and u quarter grains Is not enough
because that Is only sixteen times the number
OF grains In the gold dollar. But IL 81 Is not
enough, put In ~, and mako It nm honest dol
lar II that is no. enough put in $50 grains
"But our democratic friend says: The dollar
will be too big Then coin them into half dol.
lars and quarter dollars and some other forms,
and then they won't be too big. But the trouble
with some OF these men--and that IL their OBJ