The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1896-08-28

D Tor the Honest dollar Senator
EsFalksf spsalkias Of ..Ths hoy
Oratsr % the Platte." Remarks
THAT tAs Platte River 10 = Thou
sanAl NILES Long and 0aly Six
lnsAes peep. ..
a Columbus, Ohio. Aug. 15-The Repun.ssau
campaign In Ohio was formally opened TO-
day By two monster meetings In this city.
The orators were Senator John sherman.
sGenator-elect ]. B. Foraker Of Ohio. and
Hon, stewart L. Woodford Of BROOKLYN,
n. Z. The meetings were held In an I'M
mense tent on East Broad street. AT tne
afternoon meeting fully 10000 people were
crowded into the tent. The large attend
ance was great surprise, AZ 1t was feared
the extreme warm weather would interfefe
When Gov. Bushnell introduced Senator
Sherman the venerable statesman adva a cs
to the front Of the amid . LOUD sap ap
Spangled Banner Mr.. Sherman stood
calmly surveying the crowd until the band
ceased playing.
He prefaced his speech by saying that.
I tnasMuch as he wished to discuss questions
Of vital importance to every citizen In the
4 United States as we'll as Ohio, he would
read his speech in order to be exact in
his statements. Continuing he said:
y Mr.. Chairman and Fellow Citizens: A
citizen of Ohio has been selected by the
Republican national convention as the can
didate for president Of the United States.
and we are here to ratify and support his
nomination. We take pride in William Nc
Kinley, not only for the honor conferred
upon Ohio by the convention. but because
we know him to be fitted for that great
Office. We know that since his boShood his
life has been pure and stainless: that as
soldier In the Union army he was brave
and loyal; that as member OF congress
for many years he exhibited the highest
mental traits and rendered great services
to his country, and that as governor of Ohio
he proved his capacity to perform difficult
duties He has the higher claim upon US
that during all his active life he has becu
faithful ahd able Republican, thoroughly
in sympathy with the principles of the Re-
publican party. That party does not rest
its claims to your confidence merely upon
the merits of Its candidates. but upon the
soundness Of Its public policy, its measures
and Its aims 1t Is the distinguishing fea-
ture Of our republican government that
every question affecting the people Of the
United States must ultimately he deter
mined by them at the ballot box. Every
legal voter has an equal voice In deciding
It. however difncult the problem may be.
It 30 happens that at the coming presl-
Dental election there will be submitted to
out Judgment two such questions, one of
which Ii whether any holder Of silver bull
zion may deposit 1t at the minis of the
United States, and have 1t coined for his
benefit and without cost to him into silver
dollars each Of the weight Of 1924 grains
of standard silver nine-tenths fine. and may
tender them for any debt, public or pri-
vate. The other question Is whether. In lay.
Ing duties or taxes on imported goods. we
or whether. while raising the needed reve-
nue., we should seek also to protect and en-
courage domestic Industries. The one ID
called revenue tarln and the other pro.
tective tariff.
Both the silver and tarlff are vital ques-
lions Of domestic pulley of equal Importance,
but I propose on this occasion to confine my
remarks mainly to what Is known as the
free coinage OIL silver ut the ratio Of 16
parts OF silver to Of gold. This issue il
thrust upon us by the Democratic party, OF
rather by the Populistic branch Of the Dem.
ocratic party. Gold and silver coins are
recognised by all commercial nations of the
world as the best standards Of value, rs
the measure Of every article of desire, of
everything that ls bought OF sold. These
two metals not only measure all other
things, but they measure each other.
Eluctuatfng Values.
Their relative value constantly changes.
Twenty-three years ago sixteen ounces OF
silver were worth more than one ounce
Of gold. Now thirty-one ounces Of sill.
Yer can be bought by one ounce of gold.
This ductuation Of value cannot be pre-.
vented by law. It is beyond the reach
OF legislation. 1t Is caused by the chang
Ing demands for and the increasing supply
OF those metals from the mines. Both
are necessary as money. silver to supply
the daily wants Of life, and gold to measure
the larger transactions Of business, espe.
cially In exchanges with foreign nations.
Now. to maintain the parity Of the two
metals at fixed ratio has been and always
will be a dificult problem, not only in
the United States. but in the civilized
world. 1t was one of the first questions
to occupy the attention Of America after
the adoption Of constitution and is now
one Of the most pressing, after more than
100 years of national growth. In 1902 silver
and gold were made the common standards
of value In the United States at the ratio
OF Is to I, but this was because that then
the actual market value Of fifteen ounces
OF silver was equal to the actual market
value of one ounce Of gold.
The greatest care was taken to ascertain
this ratio by Thomas Jefferson, then secre.
tary Of state. and Alexander Hamilton, then
secretary Of the treasury. Thes. two dis.
.tlnguished statesmen. who disagreed upon
nearly all other questions, did agree upon
the relative value Of the two metals, and
tnat D0th should be coined Into money at
that ratio. At that time neither gold nor
silver was found In any considerable quan.
titles In the thirteen states then forming
the Union. The Revolutionary war had
been conducted with paper money, which
became worthless. and the coins Of Spain,
England and other countries had been made
q legal tender and continued so for many
1 years after the adoption Of the constitution.
When the new American coins were issued
It was found that the abraded and worn
coins Of other countries filed the channels
Of circulation. and the new and bright
dollars Of the United States were exported.
This led to the dlscontinuance in 1906, by
President Jefferson Of coinage Of the silver
dollar, and after that date none were coined
for more than thirty years. This order of
I. Jefferson. suppose, will he called by our
Populistic friends. 1.-THE crime Of 1906" In
the meantime France and other countries
adopted the ratio Of 1914 ounces of silver
g the equivalent .. one ounce Of gold.
To avoid these embarrassing changes Eng
land. in 1876 adopted gold as the single
standard in that country and silver as
subsidiary coin. In 1884. during the adj.
minlstrati0n Of President Jackson, and I'M
der the leadership of Webster and Thomas