The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1895-06-09
SENATOR SHERMAN.
The Old Veterans Speech at the Ohio
Convention,

NOHNSuNlOH'
The primary and fu11amental sentiment
of the republican party is love for our
country, our whole country. We are for
the Union, one and indivisible, now and
forever. The republicans Of Ohio are
not provincial, but national; this Is
our cornerstone, planted in the first re-
publican convention in Ohio in 1866. We
stood by II in the storms of war, when
Lincoln was our standard bearer. Our
soldiers fought under 1t, under Grant,
Sherman and Sheridan. The soldiers OF
Ohio carried our flag in every great bat
tie of the war for the preservation of the
Union. Other patriotic citizens and soldiers
were equally deserving of honor and
praise but they could not carry their
party with them. When Grant was In the
wilderness and Sherman was before At
lanta, a great party declared the war was
failure. Ours made 1t success. When
the war was over we did not treat
our enemies as conquered subjects, but as
errlng brethren. We invited them back
into the Union with unabridged powers,
prescribing only one condition, that there
should be no slaves in our country. We
now meet them and greet them as friends,
and, turning our back on dead Issues, we
congratulate them on their prosperity,
which they did not and could not have
In their condition prior to the war.
When the war was over the republican
party developed its civil policy. First Of
all, 1t declared its purpose to pay every
debt or obligation contracted during or
since the war, and that the public faith
should be unblemished. This promise has
been performed. In spite Of all tempta-
IA
discharged every obligation contracted
during the war, and especially the high
est and most sacred debt to the surviving
soldiers of the war, their widows and
orphans The pension roll is roll of
honor, higher in amount than any pension
roll ever before provided by any nation.
While the republican party is in power 1t
will only be diminished by the death of
pensioners, fate that awaits us all.
We are In favor of a protective tariff.
We had such tariff. While 1t 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 people. We
prefer to tax foreign productions rather
than our own. We believe that the pol
Icy of protection should be extended to
all productions impartially to labor on
the farm as well as In the workshop.
We are opposed to the democratic policy
of protecting wooden manufacturers and
admitting wool free of duty. We de-
nounce scheme OF taxation which an
nually increases the public debt more
than $50,0OO,0OO.
This is the result Of democratic as
tendency. The tariff law of the last
congress Is partly a copy of the McKin-
ley law, and generally a failure. All that
Is good Of 1t was taken from the Nc
Kinley tariff and the rest of 1t is confess
edly hotchpotch. The supreme court
has already disposed of part of 1t. All
the productions OF the south, from pea
nuts to whlskey, are carefully protected,
while the duties on the great staple in
dustres Of the north are largely re-
duced and on some articles entirely re-
pealed. We demand a reform In the
tariff; not to promote sectional inter-
ests, but to secure ample revenue and
impartial protection to domestic indus
tries. This we can have only by the
election of republican president. We
want change, and for this change we
will have the hearty support of 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 fourteen years after
resumption OF specie payments, while the
republican party was in power we had
such currency. We had gold, silver
and paper money, all bearing the stamp
and sanction of the United States, OF
unquestloned credit and OF equal value,
passing current, not only with the United
hnt In nj
clal 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 or
domestic exchanges Silver from It's bulk
and weight, is not available for large pay
ments either at home or abroad, but II
is Indispensable i'm the minor wants Of
mankind. Gold, from Its greatly superior
value cannot be utilized for such pur,
poses Therefore II Is that both metala
have been coined into money at a fixed
ratio. The enormous increase of the pro-
duction of silver In the United States
Mexico and Australia has disturbed this
ratio. and has lowered the market value
OF silver precisely as a like increase OF
production has lowered the price of
other commodities, 1t Is universal law
that price or value is measured by guam
tity. 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 can be accomplished 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 Europe. 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 quantities from silver bullion
purchased at market price and making
them 4 legal tender FOR small sums Is
the only way to preserve the parity OF