The Portland daily press., 1895-05-29
REPUBLICAN PRINCIPLES.
A Spirited Speech by Hon. John
Sherman at Evansville.
WHAT THE DEMOCRATIC ADMINIS-
TRATION HAS DONE.
Great Enthusiasm Shown at the Ohio
Republican State Conventional Con-
test for the Nomination for Governor.

Republican State Conventional Con-
| test for the Nomination for Governor.
| GAINESVILLE, Ohio, May 2S. The Repub-
lican state convention sinaugurated bust
ness here today with cheers for Mckinley
and for Foraker and John Sherman. 1t
was one of the largest conventions that
ever responded to the call of the party
managers Five thousand people, "a
thousand too many for comfort or conven
ience, packed into Memorial hall. State
Chairman J G. Bonner raped for quiet
few minutes after t. Rev. Dr. Ander-
son prayed that the voice of the conven-
tion might be as the voice of God The
state chairman essayed an Introductory
| speech, but his voice was barely audible
to the front benches, and the rest of the
convention firing Of the dumb show
proceeded to guy the chair
man with ironical cheers and shouts of
''cut it short" and "leave to print :"
When raising his voice above the din he
made a. complimentary allusion7 Eto ex-
Gov. Foraker, the irony was turned to en-
thuslasm and there was repetition on a
| smaller scale of the Sherman ovation.
Mr.. Foraker, who sat in the midst of the
Hamilton county delegation, bowed and
re-bowed his acknowledgements, which
grew louder. Finally he allowed himself
to be escorted to the platform, where he
dramatically spoke and shook hands with
Senator Sherman and took seat by his
side
Chairman Bonner resum ed his address,
and cries for Foraker continued until the
latter made a request for order. A third
time the chairman picked up his notes,
but the babel of irony was recommended,
and he gave it up in despair Amidst
the howllng he whispered in Senator
Sherman's ear, who, amidst the great
| est enthusiasm, delivered them ringing
| speech on live political issues.
/ HON. JOHN SHERMAN'S SPEECH.
Among other things, Mr.. Sherman said:
We are in favor of protective tariff.
| We had such % tariff While it was in
| force we had prosperity, good times, and
money plenty. We had so diversified
our domestic industries that American
| labor and American capital supplied
nearly all the wants of the American peo-
| pie. We prefer to tax foreign products
| ions rather than our own. We believe
| that the policy of protection should be
extended to all productions impartially
| Ito labor on the farm as well as labor in
the workshop. We are opposed to the
| Democratic policy of protecting woolen
manufactures and admitting wool free of
duty. We denounce scheme of taxation
Which annually increases the public debt
more than $50, 900, 600 This is the result
| of Democratic ascendancy The tariff
law of the last Congress is partly copy
and generally failure All that was
| good of it was taken from the Mckinley
tariff, and the rest of it is confessedly a
hotchpotch. The Supreme Court has al
| ready disposed of a part of it. All the pro-
ductions of the South from peanuts to
whiskey are carefully protected, while
| the duties on the great staple industries
of the North are largely reduced, and on
some articles, like wool, are entirely re-
pealed. We demand a reform in the tar
| if, not to promote the sectional interests,
| but to secure ample revenue and impair
tial protection to domestic industries
This we can have only by the election of
a Republican President. We want a
| change and for this change we will have
| the hearty support of a large portion
| OF the Democratic party.
We are in favor OF a sound national
| currency always redeemable in coin. All
forms OF money should be of equal pur-
| chasing power. For IA years after the
resumption of specie payments, while
the Republican party was in power, we
had such currency. We had gold sill
yer and paper money, all bearing the
stamp, and sanction of the United States,
| Of unquestioned credit and of equal
| value, passing current not only with the
| United States but in all parts of the COM
| mercial world.
| Both gold and silver are indispensable
| for use in the varied wants of mankind.
n hoe G Al
chief measure of value in international
commerce and the larger transactions of
domestic exchanges Silver, from it's
bulk and weight, is not available for
| large payments either at home or abroad,
but 1T is indispensable in the minor
wants OF mankind. Gold, from it's great
ly superior value, cannot be utilized for
such purposes. Therefore it is that both
metals have been coined into money at a
liked ratio. The enormous increase of
the production of silver in the United
States, Mexico and Australia has dis
| turbed this ratio, and has lowered the
market value OF silver precisely as a
| the price or value Of other commodities.
Under these conditions the rational
and proper course would be a change of
ratio, but this can only be effective as to
these two metals by concert of action
| among commercial nations. Until this
| Cetu U0 ullc only lO0lc1I
is for each nation to coin bot6 metals
and maintain the coinage of the cheaner
metal at par by limitation of amount.
and redemption when in excess of the
demand for it. Such is now the policy of
the United States, and of every great At
commercial nation, including every coun-
| try in Europe Other nations adopt the
silver standard alone, not from choice
but from poverty. believe that the poll,
cy of the United States adopted in 1853
of coming fractional silver coins in limi-
ted quantities from silver bullion pur
chased at market price, and making
them for legal tender for small sums, IS
the only way to preserve the parity Of
gold and silver coins at fixed ration
This is properly called bimetallic money
l hope and believe that the common in
terests of commercial nations will lead
them, through an international commits
sion to either adopt new ratio based
on market value of the metals or to coin
| them and maintain them as we do at
their present ratio.
The policy now urged by the producers
OF silver, and by men who wish to pay
their depts in cheaper money than they
promised to pay, is the free coinage, of
silver. This means the single standard of