The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1895-10-24

period OF Grants administration I was chairman
had to act upon all questions OF taxation debt,
banking or finance, and had occasion to talk with
the president upon such measures, but he rarely
expressed any opinion or took any interest IN
Them"
At the age of seventy-two, Senator Sherman
recalls the affair over the attempt to remove
Chester A. Arthur from the collcctulshlp OF the
port of New York, with much feeling. The cor"
respondence bearing on the controversy never be-
mans pnrt as secretary Of the treasury is stated
in detail. Arthur is shown up In an unenvlanie
light, and the attitude OF Roscoe COMING TO-
upon. The formers nomination as vice president
the Ohio statesman says, was the whim OF ,Conk-
ling to annoy President Hayes
Throughout that part Of the work relating to
President Hayes Mr.. Sherman speaks IN the
highest praise of tho chief executive OF the na-
tion. The following interesting incident, which
occurred near the close of President Hayes au'
ministration, is related:
when near the close of his term he qayss,
outgoing and the incoming carnets. 1t was
purely IN official dinner. but ISyes said there
in office. We looked around to see who the IN,
happy TWO We're, and found they We're, Garield
and myself Gased had not yet the %
before. This happened to he the only day thnt
\, was not In public office since March l. 1870
As Regards Himself.
There ia less of n personal narrative In the book
than might he expected Mr.. Sherman r, speaks AK,
modesty Of his boyhood days. ct hs FAMILY Mayv ' o
his imnortantt mblc addresses during the slavery
agitation and during the political campaign oi in
Ts took a R s cT Sas %
ton with Abraham Lincoln is full Of interest
as a narrative and as historical record Oh 'ne
stirring events of that period. .
In writing about himself. Mr sherman man III IS
candid to the point of self criticism; i FOR IN,
he states that at the age age Of ON teen
eral occasions conscious Of being intoxicated. IN
relating the incident which influenced MS "hole
~, In
ION one occasion. the fall Of 1880. went home
very sick from drinking. My mother received s,t,!
Complained nor scolded, and with the utmost most
Kindness put me to bed and watched over, and
unconscious OF my degradation and her affection.
and then and there resolved never to be IN such
condition again"
OF his wealth and the various personal md
political attacks that have been made upon him
he makes this statement after giving ms reply 10
an accusation that score made years ago:
| have often since been accused of the crime
of being rich' but as nearly all my possessions
visible to the naked eye ana dner thn
I am not required to prove that have not made
ths% t the result Of legislation or my holding
! AS showing the singing criticism Of which he
is capable the following statement made ny MI.
a th @ the
is Of interest He said of Mr.: Johnson son. .,ono
1.-The truth u.s. he is slave f to hs pa n
/ I regard him as foolish and stubborn man.
doing even right things in n wrong way, and in
position where the evil that he does is i'm i,
| His Financial views.
The views Of Mr.. Sherman on the financial
sary to- repeat them It is sufficient to say that
; he is consistent. All of the legislation on this
subject during the last half century is carefully
rected and Analysed. The details concerning the
passage of the act of 1873 are fully recorded.
In 1876 Mr. Sherman prepared and delivered a
speech on the repeal Of the resumption act OF
1875 which he says is the best presentation he
has ever been able to offer IN support OF the
financial policy of the nc a ana espec
These extracts from the address are quoted as
indicating Mr.. Shermans theory Of money:
''An Intelligent men agree that every great
commercial nation must have both metallic
currency and paper currency; the one as the
standard of value by which all things are meas
ured, which daily measures yonr bonds and notes
it measures wheat cotton and land anc
also paper credit currency, which, from Its
convenience of handling or transfer, must bt
ethe medium of exchanges in the great body o.
the business life.
II am one Of those who believe that United
States note, issued directly by the government
and convertible demand into gold coin, o.
a government bond equal in value to gold, Is thu
Currency rr Of me future. not only in the gnitet
States, but in Great Britain as we'll; ana ina
such a currency might properly continue to be
legal tender, except when coin IS spec'ncai'!
Another extract from the utterances, of tn
author defines in word his position on the silve
4 finance he concludes: .. - 49,.
$50 that for all practical purposes We ma.
regard gold as the only true standard, the tru'
money Of the world, by which the value OF al
property, of all productions, OF all credits; an
Of every medium of s eznse and
; Rich in ripe conclusions, full OF interest as
| personal narrative, instructive as politlca
record and complete financial history
the country. the work adils to recent books q
American history one Of general interest ana Q
value to students of politics and finance.