The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1895-06-06

superior value, can not be utilized for such
pu urposes. Therefore it is that both metals
have been coined into money at a fixed
ratio. Tie enormous increase OF the pro-
duction of silver in tne 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 commodi-
ties. It is a universal law that price or
value is measured by quarNty. Under
these conditions the rational Nnd proper
course would be change Of ratio, but
this can only be effective as to these two
metals by a concert of action among COM
mercial nations. Until this can be accom-
plished the only logical way 10 for each ma.
ton to coin both metals and maintain the
oinage of the cheaper metal at par by
limitation Of amount and redemption
when in excess of the demand for it,
Whore America Stands.
Such is now the policy of the United
States and of every great commercial ma
ton, 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 1858 of coming fractional
silver coins in limited quantities from sill
yer bullion purchased at 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 bimetallic money. I
hope and believe that the common inter
ests Of commercial nations will lead them
through an international commission to
either adopt a new ratio, based on market
value of the metals. or to coin them and
maintain them, as we do, at their present
ratio.
Silver Mems Policy.
The policy now urged by the producers
of silver and by men who wish to pay
their debts N cheaper money than they
promised to pay, is the free coinage of
silver. This means the single standard of
silver and the demonstration of gold.
This 10 the only monometallic system. It
Is the degradation of our dollar to 20 cents.
If applied to our national bonds it is re-
pudiation of one-half of the public debt.
It is the reputation of one-half of all
debts It confers no favors on producers
of any kind, whether of the farm, the
workshop or the mine, for, If they get
nominally more dollors for their produc-
tions, their additional dollars would have
only one-half the purchasing power of the
gold dollars.
The Great Hardship
of this policy would fall upon working
men, skilled or unskilled, whose daily
wage, measured by the present standard,
is higher than in any country of the
world. Their wages will purchase more
of the necessaries of life than the wages
paid for similar labor anywhere outside
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
platform of 1892, demanded good money Of
Equal Purchasing Power,
whether coined of silver or gold, or COM
posed of United States notes and national
bank notes, based upon the credit of the
United States, maintained at par with
coin. This is the bimetallic money. There
we stand today. l hope and trust there
we will stand forever. We will seek the
cooperation of all nations and of all par
ties in maintaining the parity of gold and
silver coins. II they will not cooperate
party can. and ! hope will, do it alone
NoS" AAOA1Sy "AN P'SASy Va ~ 10 as lLoROH-
tant to all our people as
Equality III Rights and Privileges.
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,
and then make our appeal to the intelli-
',ee of the people of Ohio. In sll the
issues made In the last 10 years the
lican party of Ohio has had the
to propose and to do what is right.
I - US now follow in the same pathway,
una we will not only elect Republican
governor and state officers, but also an
other Republican senator and / hope Q
president Of the United States from the
state of Ohio.
J Tuesday afternoon Senator Sherman
became sligbtIy indisposed, and for
awhile It was feared he would bs unable
to address the convention. which hs did
ut 4 o'clock.