The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-05-29
CHOSE BUSHNELL.
Republicans of Ohio Nominate
Him for Governor.
Governor Mckinley and Foraker
Are Both Endorsed.
FOR "HONEST'' MONEY.
The Platform Has a Meaningless
Financial Plank.


John Sherman was made chairman.
He first spoke for harmony for the
good of the party in the state and ma
ton, and declared that Ohio republic
anism was the corner stone of the ma
tional edifce. Then he declared for
sound national currency, always re-
deemable in coin He con tinued: 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. Silver, from
its bulk and weight, is not available
for large payments, either at home or
abroad, but it is indispensable in the
minor wants of mankind. Gold, from
its greatly superior value, cannot be
utilized for such purposes. Therefore
it is that both metals have been coined
into money at a fixed ratio. The
enormous increase of the production
of silver in the United States, Mex
leo and Australasia has disturbed
this ratio and lowered the market
value of silver precisely as like in
crease of production has lowered the
price of other commodities It is a
universal law that price or value is
measured by quantity. 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 a concert of action
among commercial nations. Until this
can be accomplished the only logical
way is for each nation to coin both
metals and maintain the coinage of the
cheaper metal at par by limitation of
amount and redemptionFof that which
is in excess of the demand for it.
Such is now the policy of the Tn tied
States and of every great CONNER
cial nation, including every country
of Europe Other nations adopt the
silver standard alone, not from
choice, but from poverty. 1 believe
that the policy of the United States,
adopted in 1853, of coming fractional
silver coins in limited quantities from
silver bullion purchased at the market
price and making them legal tender
| for small sums, is the only way to pre-
serve the parity of gold and silver
coins at fixed ratio. This is properly
called bimetallic money. I hope and
believe the common interest of the
commercial nations will lead them
through an international commission,
to either adopt a new ratio based on
the market value of the metals or to
coin them and maintain them, as we
do at their present ratio"
Asa S. Bushnell was nominated for
governor.
The platform rea firms adherence to
the principles of the republican party
as defined by the national convention
in 1892, chief among which are: A pro-
tective tariff, reciprocity and fair cleo
tions. On the financial question it de-
clares for Honest money, consisting
of gold, silver and paper, every dollar
as good as any other dollar and
all backed by the national faith
and honor. Favors bimetallism
and demands the use of both gold
and silver as standard money, either
in accordance with a ratio to be
fixed by an international agreement,
if that can be obtained, or under such
such restrictions and such provisions
to be determined by sGch legislation
as will secure the maintenance of the
parity of values of the two metals, so
that the purchasing and debt paying
power of the dollar, whether of silver,
gold or paper, shall be at all times
equal. It indorses Foraker for SEN
Z.
EX-SENATOR EDMUNDs TALKS FINANCE.
PHILADELPHIA, May 29.-The open
ing gun of the sound money campaign
in the east was fred last night at ar
enthusiastic public meeting in the
Academy of Music. The principa-
speakers of the evening were ex-UniteC
States Senator George f. Edmunds
ex-Comptroller of the Currency vii
( liam 7, Mil,
ae1 D. Harter of Ohio, ex-Minister tt
Russia Charles Emory Smith and Jane.
Wharton.
Chairman Roberts, in INTRODUCING
ex-senator Edmunds, said that tn,
meeting was for the purpose of educat
ing those who had no opportunity t.
, study the question of the importanc,
of adhering strictly to a strong mora
integrity in everything relating to tn
finances of the country. In the begin
ming Mr.. Edmunds said that the SOUND
? money question must be decided b,
political action, not party action
> but that kind of action the Roman
used to speak of when no mai
7 was for party, but all for the state
Quoting Thomas Jefferson's words, tina
1.-THE whole art of government consist
3 in the art of being honest he said
THAT phrase is worthy to be write
: in letters of gold and placed in from
! of every public edifce in every hamle
on the continent. In a careful repor
d prepared for the benefit of the FRS
8 congress, Jefferson said that the ques
ton of the difference between tn
value of gold and silver as money wa
s purely commercial question. It di
i not depend on legislation. or the fame
and taste of man. but Oh commerce
: which regulates the price of commod
a ties
, Killed by a Mad Bull
J. GUTHRIE, Ok, May 29.-Samuel Hill