The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1896-08-18
FIRST BLOOD IN 7UoL UMNE.
Opening of the Republicans Campaigns b.
Colonel ShasU.

Opening of the Republicans Campaigns By
Colonel Shatc.
SONORA, CAL, Aug. 1.-THE Republi-
can campaign in Tuolumne County was
opened here tonight by Colonel Henry G..
Shaw of Stockton, who spoke to a large
audience upon the monetary plank of the
Republican National platform. His
speech was very favorably received, his
manner and methods of illustration being
something unique. With his parity UNI
brella and shears he created decided
sensation among the miners. as with them
he showed how there would be an enor-
nous contraction of the volume of money
cratic-Populist doctrine of free coinage
prevailed.
The free coinage OF silver at ratio of
Is to 1, with silver bullion selling below
that ratio, meant the non-coinage of gold.
and that of course was nothing but silver
monometallism. The only practical BIZ
metallism to-day, he said, was where
money kept the coinage of silver under
government control until there was gen.
eral concert of action. Such policy was
in the interest of all the people. 1t kept
silver at parity with gold, and made
every dollar in circulation as good as gold.
The legalized use of gold and silver in
the currency of a country at fixed rela-
tive value is true bimetallism. With half
Of our metallic money to-day in silver and
over four hundred millions of it full legal
| tender in use as medium of exchange
there was no foundation for the charge
| that the Republican party was hostile to
silver. Both the silver and paper now
| used as current money in the world OPP
Grated on prices just as much as gold did.
T@lo x.al Gkoxx - ana of or n
other. all the monetary fallacies OF the
siiverites and said they were the offspring
OF surmises, assumptions, vagaries and
| theories, while the Republican argument
| for sound money was drawn from the uni
versal experience of mankind, the orderly
| development of trade and commerce and
the maintenance of pubic and private
credit. He accused the Populists OF in
consistency in clamoring for the control
by the Government of railroads and tele-
| graphs and nearly everything else having
| public use, and at the same agitating Tor
private control of the minis.
| The colonel said the gold miners OF
| California had deep interest in setting
this great question rightly. Free coinage
not mean that the miners would get any
more for their gold than they now re-
ceived. With silver as q sole monetary
/ basis the gold miners would hold out their
! gold for the true valuation of this metal,
and with Californians compelled to buy
SAC, O00. 900 of gold every year to liquidate
| interest charges upon specific contracts
and for taxation, a popular storm OF in
dignation would break upon the heads OF
the men who had invested their capital
and energies in the development OF the
| gold mines of California and then would
come their turn to be vindictively assailed
by the calamity howlers, the discontinued
| the theorists and the political adventures
| in every party.
Colonel Shaw was frequently interrupted
by applause and his closing plea fol
Mckinley, protection, sound money and
prosperity was very heartily applauded
He will talk during the week in Angel:
Camp, San Andreas and other mining
/ towns on the mother lode.