Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1896-08-20
THE CAMPAIGN OPENED.
Republicans of Ohio Hold a Big Rally
Sherman Speaks. >. -

THE CAMPAIGN OPENED.
Republicans of Ohio Hold a Big Rally
Sherman Speaks. =.
Columbus, O., Aug. 1.-THE opening
meeting of the republican state and ma
tional campaign was called to order
Saturday afternoon at 1870 o'clock by
Gov. Bushnell. Gov. Bushnell made a
short speech Of welcome and then intro
duced Senator Sherman. A.ss-
He then went on to review the coinage
history of the United States. He said that
in 1853 the silver dollar had disappeared.
from the current coins of the United
states and was practically and purposely
oemOnetized. @1
Senator Sherman, in his speech, claims:
in the first place that the fluctuation of
the relative value of gold and silver is
constantly changing, and that this f1uctua-
ton cannot be prevented by law. He says
that both gold and silver are necessary
as money, silver to supply the daily wants
of life and gold to measure the larger
transactions of business, especially in ex-
changes with foreign nations.
Then in explanation OF the act of rs
Senator Sherman said that it had been
framed for the purpose of carrying out the
pledge to pay in coin or it's equivalent all
bonds Of the United States and TO redeem
the United States notes at the earliest
practicable moment in COIN To do this
it become necessary to revise the various
coinage laws. He continues:
This was promptly and very cal efully
done by a bill framed in the treasury de-
partment while Mr.. Boutwell, was secre-
tary. I: was thoroughly considered by the
experts of that department and was print
ed and submitted 70 all persons in the
United States who were supposed to be
familiar with the coinage laws. The bill,
containing 81 sections, accompanied by
mass Of information that fills a volume,
was sent to congress April rs, 1870, by Sec
rotary Boutwell, and its passage was
strongly recommended by him. This bill
omitted from the coins Of the United States
the silver dollar, precisely as was Gone in
1858, but provided for the coinage OF the
fractional parts of the dollar in accord
ance with the act of that year. This bill
was pending in congress for three years
was carefully considered in both houses,
and special attention was called to the
omission Of the 4121a grains silver dollar,
which was never in the bill at any stage,
and the reasons for this omission given.
1t was finally determined at the urgent re-
quest OF members from the Pacific coast
to insert among the silver coins a trade
dollar containing 4z9 grains Of standard
silver, but this dollar was made like The
minor coins, q legal tender for five dollars
only d.
Discussing the results of free coinage.
every contract for the payment of money
made since January l, 1879. All forms OF
money, he says, have been maintained at
par since then, but if free coinage is au-
thorized then the market value Of silver
bullion becomes the standard for pay
ments on all contracts made in the past.
Then in reference to the creditor class
he said THAI there were among money
lenders some men VINO merit the epithet.
"bloodthirsty ShyloclSs. aristocrats. blood
suckers, eXtortionlsts," but the great body
of the creditors of our country are among
the. thrifty One great body Of creditors
he ssatd, were the $4,000 union soldiers
their widows and orphans. Another class
were the Gepositcrs in saving institutions
Free coinage, said Mr., Sherman. would
wipe out nearly one-half the value Of
life insurance which provident people have
paid to secure in case Of their death some
support ana protection to wife and chill
dren.
Gov. Bushnell next introduced Sena-
tor-elect Foraker. Among other things
he said:
Our declaration in 1892 and our dec
laratjon in 1896 are both declarations in
favor Of bimetallism when you can have
it, and we think we can have il by an
international agreement, but declarations
in favor of maintaining until then the ex-
listing gold standard, and not being al
At the evening meeting Lieut.. Gov. A.
W. Jones presided, and made a brief
speech, after which he introduced Gen.
Woodford, of New York. He said in
part: @ =
Our minis are open to-day to the free and
unlimited coinage of silver without charge
and without restriction except as to weight
and fneness, The democracy demands
this free and unlimited coinage of silver at
the ratio Of sixteen to one. In this demand
they are supported by the populists. The
republican party pledges itself to pro-
mote an international agreement for I'M
limited coinage Of silver, but insists that
until such agreement can be obtained the
existing gold standard must be preserved
The democracy demands that the legal
tender paper shall he redeemable in coin
The peoples party demands that the vol
u1ne Of circulating medium be speedily in
creased.
Honest fultillnent OF populistic pledges
would put us ON a paper basis, redeenlahle
in paper and paper alone and just where
no civilized land in the world is to-day
1T would be a currency OF soap bubbles, re-
decmable in soal, bubbles, affording no
basis or foslnda ton for any superstructure
Of business, farming or labor Irredeem-
able paper money always begets and COM
pelS speedy and continuous increase Such
increase has always ended in repudiat ton.
Theworld has had three experiences of
populistic finances within the last 200
years.