The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-03-30
TALKS OF MONEY.
A Notable Letter From
Sherman.
HELD A TARIFF BANQUET.
Governor Mckinley Says That the
Democrats Have Every Chance to
Test Their Pet Theories.
HELD A TARIFF BANQUET.
Special to THE MonN1Ne CALL

CANTON. Ohio. March 29.-The Republi-
can tariff banquet here tonight was polit-
ical success, 400 guests being present from
various cities in Ohio. The banquet was
spread in the Tabernacle. mammoth struc-
ture dedicated 10 political purposes in 1884
with speech by James G. Blaine. The
interior of the building was handsomely
decorated. Governor Mckinley occupied
the post OF honor at the first table. Hon. j.
p. FawSett was toAstmaster. and at the
conclusion OF the feast he read letters of
regret from ex-President Harrison Senator
Sherman, Senator Gibson of Ohio, Hon. J.
G. Burrows OF Michigan, Ex-Governor For
aker, eX-Speaker Reed, Senator Manderson
and Congressman Daz4ll. With the excep-
tion of that from Senator Sherman, the let
ters contained no significant utteranccs.
Sherman took occasion TO discuss the inan-
cial question. He said that what was needed
was honest currency, and his experience
had shown him that the notes of national
banks, secured by an equal or greater
amount Of United States bonds, form the
best currency that has yet been devised.
TIE notes of tine United States" he
said, Carefully limited in amount and
backed by the credit of our whole people,
supported with ample reserves in coin, and
redeem in coin by the sale of bonds, have
been proved by our experience since the first
day of January, 1879. to be a wise and safe
currency, the profits of which inure entirely
to the benefit Of the whole people,"
The chief fear, he declares, is that these
notes will not be safely restricted by law.
and their credit may be impaired and de-
strOyed by the carrying out Of wild and
visionary notions regarding the coinage of
silver. The Senator expresses the hope.
however, that the silver-co!nage deluson
has passed away, and in conclusion, he
says: "The real solution OF the silver prob
lem is to put into our silver dollar enough
silver at the market value to be equal to the
gold dollar and then to maintain all forms
of money, whether coin or notes, at equal
and interchangeable value"
Governor Mckinley responded to the
toast, "Republican Presidents"
Hon. d. K. Watson OF Columbus, Hon. p
c. Young of New Lisbon, Hon. j. l.
Squire, State Senator Green and James r.
Garfield also spoke.
Governor Mckinley, in the course Of his
address, reviewed the life and services of
the various Republican Presidents. Speak
ing of eX-PresideDt Harrison, he said that
his administration was pure, vigorous and
patriotic, and that his own contemporaries
will give him his true place in history.
The country" said Mckinley, needs the
Republican party, for its principles and
purposes and policies underlie every Ameri-
can interest, and are allied with true
growth and advancement. Since 1859 until
now the Democratic party has been without
power to do anything with public measures
without the sanction OF the Republican
party. Now they have fun possession.
There is no longer any excuse for pretense,
DO longer any room for hypocrisy. If
they believe in their own professions of
the past thirty years they can now make
them effective. There is 40 cause for dis
couragement on our part. We have but TO
move on with our old-time vigor, yielding
nothing of principle"