St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-29

convention; j. B. Tarbox, of Wright,
and j. j. Engle, of Anoka, secretaries.
The nominating speech was made by
II. 81. Phelps, of Duluth, and seconded
by Editor Hendricks, of Stearns county.
The resolutions indorse the Republican
policy of projections; drastic measures
In regard to immigration inspection
and the deportation of anarchists;
governmental inspection and audit of
American railroads. The present con-
gress and CieveIand's administration
are arraigned e. f. Johnson, of Du-
luth, was chairman of The committee.
TOWne Spouts.
Mr.. Towne was called before the
convention and said: "For the high
honor you have done me accept my sim
cere thanks. Not alone the honor
itself, but the unprecedented manner of
its bestowment touches me most deeply.
While both serve to render man of
any sensibility keenly alive to sugges-
tions of self-distrust. they are at the
same time strong Indictments to devoted
and tireless service. Such service |
here and now pledge you. If honest
Intention, constant vigilance and labo-
rious effort can avail anything in q can
didate before election and in a repre-.
sentative in congress after it, neither
you nor l shall have cause to regret the
action of this hour.
Between Democratic Generalization
on the one hand and Populistic lnfatua-
ton on the other stands the Repub.
f,,1
The past, at least, is secure. There are
the War of the Rebellion, the union of
states, the vindicated credit of the ma
tion, the principle of protection, the
record of an era of prosperity un-
eQualcd, and there they will remain
forever. These are among the cluster
ing garlandS that shall never fade on
the brow of the grand old party which
remains today, as always heretofore in
the hour of darkness uud eXiremitv, the
need and hope and refuge of the peo.
pie.
"In the great department of financial
legislation the Republican party is no
tyro. Its record therein is and will re-
main one of the glories of the nation.
LII the present critical situation, when
even conservative men feel the neces-
sity of some decisive treatment of what
is known as the
SILVER QUESTION:
and when others, most of whom, no
doubt, are honest i'm their opinions. are
clamoring for precarious and reckless
methods, we shall find, just as surely as
the needle turns to the pole, the trust
and reliance Of the American people re-
posing upon the tried and proved COM
potency of the Republican party. The
nd yat Of hot rfty icf RI
forms too narrow basis properly to dis
charge the functions of ultimate money
in the rapidly and vastly increasing
commerce of the world, and it has re-
peatedly pronounced in favor of the
bimetallic basis, the use of both gold
and silver upon equal terms as media of
exchange, measures of valu 8 and
standards of deferred payments. The
free coinage of silver by the United
States alone and at the old ratio of 16 to
would be, i'll the opinion of the vast
majority of the Republican party, un.
wise and dangerous. 1t is also unnec-
eSsary as an attempted solution of the
crisis. There is no question that a BIZ
metallic convention or union could be
speedily formed, upon the initiative of
the United States, between a sufficient
number of governments to make prao-
ticabls the maintenance of the equal
coinage at all their mints of both gold
and silver at proper ratio. That
ratio, owing, amohg other things, to
changed conditions of production, ought
to be
Greater Than 16 to 1,
and, owing to the added value that the
new demand would give to silver, should
be less than the present market ratio of
about 80 to 1. But somewhere between
these two extremes, and determinable
to very close approximation by intelli-
gent inquiry, there is point of parity
at which, in agreement with such other
commercial powers as would at once
accede to the proposed convention, we
could safely undertake the equal coin.
age Of both metals under regulations
establishing the debt-paying power of
each. The suggested anclllary policy
of Imposing on imports from non-par-
goyernments discriminating
tariff inducement, would, it seems to