The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-03-30
SHERMAN AND SILVER
The Senator Airs His Views on the
Subject in Letter.
1t Is Read at Republican Tariff Banquet
Given in Canton, Ohio,
Last Night.

CANTON, o., March 29.-The Republic
can tariff banquet here tonight was a
political success. Four hundred guests
were present from various cities in Ohio.
The banquet was spreadin the tabernacle,
a mammoth structure dedicated to politi-
cal purposes in. 1888 with a 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 postmaster, and al the con-
clusion OF the feast he read letters OF re-
greet from ex-President Harrison, Senator
Sherman and General Gibson, of Ohio;
Hon. J. G.. Burrows, OF Michigan, ex-
Governor Foraker, ex-Speaker Read,
Senator Henderson and Congressman
Dalzell.
With the exception of that of Senator
Sherman the letters ofregret contained no
significant utterances. Mr.. Sherman
took occasion to discuss the financial
question. He said what was needed was
an honest currency and his experience
had shown him that notes of national
banks secured by an equal or greater
amount of United States bonds form the
best currency that had yet been devised.
ssNotes of the United States, he says,
sscarefulIy limited in amount and backed
ported with ample reserves In coin aud
with clear authority IN case of necessity
to redeem them in coin by the sale
of bonds has been proved by our
experience, since the 1st day of January
1873, to be wise and safe currency, the
profits of which inure entirely to the ben
/ eft of the whole people.
/ 1.-THE chief fear, - he declared, sis that
these notes will not be safely restricted
4 by law and their credit may be impaired
and destroyed by the carrying out of wild
and visionary notions regarding the coin
/ age of silver - The senator expresses
the hope, however, that the silver coin
age delusion has passed away
In conclusion, he says: 'The real solu-
tion of the silver question is to put into
our silver dollar enough silver at market
value to be equal to the gold dollar and tc
maintain all form of money, whether coin
or notes, of equal and Interchangeable
value.''
Governor Mckinley responded to the
toast, Republican presidents"
Hon d. K. Watson of Columbus, Hon.
P. G. Young of New Lisbon, Hon. j L.
Squire, State Senator Green and James
R. Garfield also spoke. Governor Nc
Kinley, in the course OF his address, re-
Republican presidents Speaking of Har-
rison, he said: Ellis administration was
pure, vigorous and patriotic, and MS
own contemporaries will give him his
true place in the story of the country. y
Said Mckinley, the needs of the Re
publican party for its principles and pur-
poses and policies underlie every Amer
lean interest and are allied with true
growth and advancement. Since 1859 unit
now the Democratic party has been with
out power to do anything with public
measures without the sanction of the Re-
publican party. Now they have full pos.
session. There is no longer any excuse
for pretense; no longer any room fol
hypocrisy. If they believe in their Owl
profession OF the past thirty years, they
can now make them effective. There i.
no cause for Encouragement on our part
We have but to move on with our ole
time vigor, yielding nothing Of princi
pies"