The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-05-29
a large portion OF the Democratic

forms cs money should be OF equal pCr-
chasing power. For fourteen years after
the resumption Of specie payments, while
the Republican party was in power, we
had sslch a currency We had gold, sill
YER and paner money. all hearing the
staulp ana sanction OF the United States.
OF tnuuestfoned credit, or equal value.
rsaSsing current not only within the
United states but in all parts OF the COM
rnercJaI world. Both gold and silver are
indispensable for use In the varied wants
OF mankind Gold is now. and has been
for ages. the chief measure OF value in
international commerce and the larger
transactions OF domestic exchanges Si-
yer. from its bulk and weight. is not
available for large payments. either at
home or abroad. but IL is indispensable
for the minor wants OF mankind. Gold.
from it's greatly superior value, cannot
be utilized for such purposes. Therefore
il is that both metals have been coined
into money AT a fixed ratio. The encr-
nous increase OF production of silver in
the United States. Mexico and Australia
has disturbed this ratio and has lowered
the market value OF silver precisely as
like increase of production has lowered
the price OF other commodities. Ii is
universal law that price or value is
measured by quantity. Under these con-
sitions the rational and proper course
would be a change of ratio. but this can
only be effected as to these two metals
by concert Of action among CONNER
cial nations. Until this can be accom-
plished the only logical way is for each
nation 10 coin both metals and maintain
the coinage OF the cheaper 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 commercial
nation, including every country in Eu-
rope. Other nations adopt the silver
standard alone. not from choice. but from
poverty. | believe that the policy of the
United States adopted in 1853, of coming
fractional silver coins in limited guam
titles from silver bullion purchased at
the market price and making them legal
tender for small sums is the only way To
preserve the parity OF gold and silver
coins at fixed ratio. This is properly
called bi-metallic money. | hope and be-
live that the common interest OF COM
mercial nations Will lead them through
an international commission. to either
adopt ratio based on market value of
the metals or to coin them and main
tain them, as we do, at their present ra-
ito.
THE policy now urged by the producers
of silver and by men who wish to pay
their debts in cheaper money than they
promised TO pay. Is the free coinage of
silver. This means the single standard OF
silver and the demonetization OF gold
This is the only mono-metallic system.
II is the degradation of our dollar TO 20
cents. If applied to our national bonds
il is a repudiatioH of one-half OF all
debts. II confers no fayors on producers
of any kind. whether of the farm, the
workshop or the mine. for If they get
nominally more dollars for their produc-
tions their additional dollar would have
only one-half the purchasing power of
the gold dollar. The great hardship OF
this policy would fan upon the working
men. skilled or unskilled. whose daily
wages, measured by the present stand
ard, are higher than in any other coun-
try of the world. Their wages will pur-
chase more of the necessities Of life than
the wages paid for similar labor anywhere
outside of the United States It is a
false pretense that the cheapening of
money viii be beneficial 10 them The
Republican party in it's national plat
form OF 1892 demanded good money of
equal purchasing power, whether coined
of silver or gold or composed of L. S.
notes and national hank notes based on
the credit of the United States main
tanned at par With coin. This is the hi
metallic policy. There we stand today.
] hope and trust there we will stand for
ever. We will seek the cooperation Of
all nations and of all parties in main
tanning the parity of gold and silver coins
II they Nli not cooperate with us in this
policy the Republican party can. and |
hope will. do il alone Good money and
plenty of it is as important TO all our
people as equality of rights and privi-
leges.
Let US then. with firm reliance upon
the principles. policy and wisdom of the
great party to which We belong, nominate
our candidate and declare our platform
ana then make our appeal TO the inteIIi-
gence of the people of Ohio. In all the
great issues made in the, last forty years
the Republican party of Ohio has had
the courage to propose and do what is
right. Let us now follow in the same
pathway. and we will not only elect
Republican governor and state officers.
but also another Republican senator. and
hope, president Of the United States
from the state of Ohio"
Al the conclusion Of the senator's
speech the twelve congressional districts
were called for members of the commit
tees and other positions and II was found
that there were bitter contests for seats
especially in the Toledo and Springfield
districts. committee on resolutions
was appointed and afterward organized.
with eX-Secretary Charles Foster as
chairman. The convention then aa-
iourned 10 8 p. m. On reassembIing the
temporary organization was made per-
manent. The contested delegations from
the Toledo and Springfield districts were
not unseated.
With a corresponding number OF
speeches the following names were pre-
sented 20 the convention for the norliua-
tiOn Of governor: J. ". Barger. J. War
rem kiefer. ]. H. Hoyt. George ". Nash.
Robert NJ Nevin. \. L. Harris and =. W
Foe. Gen. Bushnelrs name was not pre-
scnted h- any speaker There were SCI
81 = fNs In 10 rfas1
essary 20 choice.
The first ballot resulted as follows:
Bushnell. IS; Barger. 81: Harris. "a: Hoyt.
t7fis. Kiefer. "a: Nash 1853. Nevin 80.
Poo. 1861. Chairman Sherman announced
that there was no nomination. Second
hallot-Bushnen. q; Rarger. 50; Harris,
-, Hoyt 1e4iA; Kiefer 50. Nash. lsqis
Nevins. n: Poe 1S3. The third ballot re-
suited. Bushnell 15a; Barger. ss: Harris.
. Hoyt fe5: kiefer. 40i5. Nash I9mL
Nevin. :. Poe. 81. ~ the end OF this
ballot the name OF Z. W Poe was with
drawn Fourth hallot-Bushnen. s47: Rsr-
ser. s., Harris. 2s' Hoyt. AS: Kiefer. Is:
Nash e57.
on ne sixth ballo, Gen. Asa A. Bush
nell was nominated. receiving 90 votes;
Nash 21l; Hoyt, Il Necessary for a
choice 40
President Woodmansee. Secretary Nil
ler and other officers Of the Re0ubI{ean
League % ohio. together with ex-Ciov
Fo~aker. wro were sitting on the stage
AZ me time. telesraphe1 their cougratula-
tiCus Ga Gen. Bushnell az his home n
Springfield The Clark county delega tfon.
from Rushreji's home. stood out for Cen.
Ktsfer until the last ballot when 4 gave
each half its vote. T." result OF the nom
.Ha.i0n WAS received as a great victory
for Foraker
The resolutions adopted declare as fol
lows.