The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-05-29

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 I'M
questioned credit and of equal value, passing
current not only within the United States, but
in all parts of the commercial world
Both gold and silver are indispensable for
use in the various 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 availa-
BILE for large payments either at home or
abroad, but it is indispensable for 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 fixed ratio.
The enormous increase in production of silver
In the United States Mexico and Australia has
disturbed this ratio and has lowered the mar
ket value of silver precisely as a like increase
OF production has lowered the price of other
commodities. 1t is a universal law that price
or value is measured by quantity.
Under these conditions the rational and
proper course would be change of ratio, but
this can only be effected as to these two metals
by concert of action among commercial ma
lions. 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 the
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 linn
tied 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 at fixed
ratio. This is properly called bimetallic money.
/ hope and believe that the common interest of
commercial nations will lead them, through
an international commission, to either adopt
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 debts
in cheaper money than they promised to pay
is the free coinage of silver. This means the
single standard of silver and the demonetiza-
ton of gold. This is the only monometallic
system. 1t is the degradation of our dollar to
so cents. If applied to our National bonds it
is a reputation of one-half of the public debt
1t is the reputation OF one-haf of all debts.
1t confers no favors on producers of any kind,
whether of the farm, the workshop or the
mine, for If they get nominally more dollars
for their productions their additional dollar
would have only one-half the purchasing
power of the gold dollar. The great hardship
of this policy would fall upon workingmen,
skilled or unskilled, whose daily wage, meas
ured by the present standard, is higher than in
any other country of the world Their wages will
purchase more of the necessities of life than
the wages paid for similar labor anywhere out
side of the United States. 1t is a false pre-
tense that the cheapening of money will be
beneficial to them.
The Republican party in its National plat
form of 1892 demanded good money of equal
purchasing power whether coined of gold or
silver or composed of United States notes and
National bank notes, based on the credit of the
United States, maintained at par with coin.
This is the bimetallic policy. There we stand
to-day. hope and trust there we will stand
forever. We will seek the cooperation of all
nations and of all parties in maintaining the
parity of gold and silver coins. If they will
not cooperate with us in this policy the Re-
publican party can and, 1 hope, will do it
alone. Good money and plenty of it is as i'm
portant to all our people as equality of rights
and privileges.
Let US hope then, with firm reliance on the
principles, policy and wisdom of the great
party to which we belong, nominate our can
didate and declare our platform, and then
make our appeal to the intelligence OF the peo-
pie 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 TO do what
is right. Let US now follow in the same path
way, and we will not only elect Republican
Governor and State officers, but also another
Republican Senator, and, 1 hope, President of
the United States from the State of Ohio.
At the conclusion of the Senator's
speech the twelve Congressional districts
were called for members of the committees
and other positions and it was found that
there were bitter contests for seats, espe-
cially in the Toledo and Springfield dis
tricts. A committee on resolutions was
appointed and afterward organized, with
ex-Secretary Charles Foster as chairman
The convention then adjourned to P. NJ.
On reassembling the temporary organi-
cation was made permanent. The con-
tested delegations from the Toledo and
Springfield districts were not unseated.
With corresponding number of speeches
the following names were presented to the
convention for the nomination of Gov
ernor: j. w. Barger, j. Warren Kiefer, j.
FL. Hoyt, George W. Nash, Robert NJ.
Nevin, A. l.. Harris and E. w. Poe.
General Bushnelrs name was not pre-
Seuleu ny any speaker. 1uefc we're Oh
delegates in the convention, Ala being
necessary to a choice. The first ballot re-
suited as follows: Bushnell 5S, Barger Sc,
Harris So, Hoyt 1867, Kieter "A, Nash 16S
Nevin co. Poe 1867.
Chairman Sherman announced there was
no nomination. The second ballot: Bush
nell 80, Barger SO, Harris Al, Hoyt 1897,
Kiefer 63, Nash 1897, Nevin 81. Poe 1873.
The third ballot resulted: Bushnell 159,
Barger Sc, Harris 81, Hoyt 165, Kiefer 4O1l,
Nash 1891, Nevin IS, Poe Ga.
At the end of this ballot the name of E.
w. Poe was withdrawn. The fourth ballot
resulted: Bushnell 347, Barger 80, Harris
26, Hoyt 14S, Kiefer 16, Nash 257. Bushnell
lacks only sixty-seyen votes of the nomina-
ton.
The fifth ballot resulted as follows:
Bushnell 410, Harris 5, Hoyt 12O, Kiefer IL,
Nash 279.
On the sixth ballot General Asa A. Bush
nell was nominated, receiving 500 votes.
Nash 201, Hoyt IL; necessary for choice,
419.
President Woodmanze, Secretary Miller
and other officers of the Republican League
NJ Ohio fOpefher with av-Gouarpor TO-