The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1895-05-30
OHIO REPUBLICANS
State Convention Meets at
GAINESVILLE to Nominate
State Officers
AND TO ENDORSE M'KINLEY
Senator Sherman Speaks on
the Tariff and Money
Questions.


the Tariff and Money
Questions.
GAINESVILLE, O., May 29.-The Repub.
lican state convention is in session here
for the purpose Of naming a candidate
for the United States senate as a sue
cessor to Senator Brice, and the choice
OF the Republicans in this state for
president. The conferences Of the del
egates showed that the senatorial and
presidential issues overshadowed the
contests for places on the state ticket.
County delegations held conferences,
and at . p. m. the congressional district
delegations met to select their vice
presidents and members Of the commit
tees on credeptias. resolutions, rules
and permanent organization. 1t is be.
heved that ex-Secretary Charles Foster
will be chairman of the committee on
resolutions, and that the national plat
form on tariff will be reaffirmed with
practically the same plank for gold,
silver and paper currency on parity.
There is no doubt about the silver men
being unable to get even concession
on free coinage.
It is believed that Senator Sherman
will be continued as permanent chair
man as well as temporary chairman.
Senator Sherman, on taking his seat as
temporary chairman, spoke on the Is
sues before the country. Regarding
the tariff and money questions he said:
Favor Protective Tariff.
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 diversi-
fed our domestic industries that
American labor and American
capital supplied nearly all the
wants of the American people. We
prefer to tax foreign production rather
than our own: We believe that the
policy 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 policy of pro-
tecting wooden manufacturers and ad-
uniting wool free. We denonnce .
scheme of taxation which annually in
creases the public debt more than ESQ.,
600, 900. This is, the result OF Demo
cratic ascendancy. The tariff law OF
the last congress is partly q copy
Of the Mckinley law and generally
failure. All that is good OF 1t
was taken from the Mckinley
tariff, and the rest Of it Is confessedly
hotch-parch. The supreme court has
already disposed of part Of it. All the
products of the South, from peanuts to
whisky, are carefully protected, while
the duties on the great staple indus
tries Of the North are largely reduced,
| and on some articles, like wool,
are entirely repealed. We demand
a reform in the tariff, not
to promote sectional interests, but 70
secure ample revenue and impartial
protection to domestic industries. This
we can do only by the election of Re-
publican president. We want a change
and for this change we will have the
hearty support of large portion OF the
Democratic party. We are in favor
of q
Sound National Currency
i always redeemable in coin. All forms
of money should be of equal purchas-
! ing power. For IA years after the re-
sumption of specie payments, while the
Republican party was in power, we had
such a currency.
Both gold and silver are indispensa-
BILE for use in the varied wants Of man.
kind. Gold is now, and has been for
ages. the chief measure of value in in
| ternational commerce, and the larger
transactions of domestic exchange.
Silver from it's 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 it's greatly superior value, cannot
| he utilized for such purposes. There
| fore it is that both metals have been
coined into money at fixed ratios. The
enormous increase in the production of
| silver in the United States, Mexico
! and Australia, has disturbed this
ratio. and like over production,
has lowered the price OF other
| commodities. 1t Is 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 accomp-
lished the only logical way is for each
| nation to coin both metals and main
/! tain the coinage of the cheaper metal
at par by limitation of amount and re-
| demntion when in excess of the de-
mand for it. Such is now the policy
o. the United States, and of every great
commercial nation including every
country i'm Europe. Other nations
adopt the silver standard alone. not
from choices. but from poverty. I be.
! lieve the policy of the United Stat q,
! adopted III 1878, Of coming fractional
silver coins III limited quantities from
silver bullion purchased ut market
| price and making them legal tender for
sma. / sums is the only way to preserve
the par. ty OF god aud silver coins at .
fxs.i ratio. This is properly called b;.
metallic money. hope and believe
! the common interest of the commercial
nations will lead them through an in
! ternational commission, to either adopt
I: a new ratio, based Oh market value OF