The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-09-15
JOHN SHERMAN ON BRYAN.
The Ohio Senator Talks About the
Nominees Financial Plan.


Omaha, Neb., Sept. Ex-senator John
Sherman is on his way to the mountains
as a guest of General Miles In an in
terview the senator said:
I have not the slightest doubt that
the Republicans will succeed in Ohio
think McKinley's majority will be
probably not so phenomenal as it was
once before, but he will get a majority
certainly of $4,000 to 100000 Some SEN
timent has been worked up among Ia
boring men in Ohio In favor OF silver,
but don't think it will make any great
impression, and, besides, there are more
Democrats who win come to US than
Republicans who win go to the opposl-
ton.
You ask if most of the laboring peo-
pie in Ohio are not employed in rae
tories or in employments that have been
classed more or less as protected IN
dustTies. I answer, yeS-undoubtedIy-
There was a great disappointment IN
Ohio in regard to the Wilson tarlh
The present tariff is exceedingly obnoX-
ious, and especially to farmers, and
particularly on wool There is a strong
demand to have the tariff revised, so
think that issue will help us And l
don't see any signs of breaking away
from the Republican party on the
money question.
Yes, 1 know that Bryan was very
active in the abolition Of the wool tarln-
That is perfectly understood. do not
think that Bryan is going to get any
considerable vote from the Republican
farmers in Ohio, and there was very
strong feeling against his nomination
among the Democrats
How does it come that Mclean has
been so active on the silver side?"
Mclean has always been for cheap
money, as they call it, whatever 1t may
be. He is a silver man-an original
silver man, you might say.
Can you tell, senator, what proper
ton of the silver that is now in the
treasury-speaking of the coined silver
Of he f1fcr4ocaI al the Government
to pay bonds with? Mr.. Bryan, you
know, in his letter of acceptance, says
that there was no necessity whatever OF
issuing bonds TO maintain the credit OF
the government, or, rather, to carry on
the government and pay current eX-
penses; that the treasury had the priv
ilege of using silver 20 pay, II II did
not have the gold"
Now, that is absolutely untrue, be-
cause the silver is represented by silver
certificates outstanding. and that silver
is kept there for its redemption, and.
as a matter Of course, that would be a
wildcat business if We were to take the
silver that is now pledged for silver
certificates. We have issued silver cur
rency certificates that there were in the
treasury SO many silver dollars, and GER
! tifying that the certificates represent
silver dollars. We cannot issue silver
certificates and then issue the silver
that is pledged to redeem them. That
would be a plain violation of the law.
! The government could not have paid
any Of it's obligations with the coined
silver now on deposit without violating
the terms of the law.
organs letter of acceptance lays
great stress on the point that he could
run this government without changing
its revenue law and without borrow
ing any money. Could that be done q?
Il suppose that he would keep the
silver certificates outstanding and use
the silver dollars, too. That is wild
cat banking. The trouble now is that
the revenues are insufficient to pay the
expenses of the government, and there
fore use the gold that has been collected
and held in the treasury for the re-
demption of United States notes, and
then to make good the vacuum we sell
the bonds to restore the gold. So we
are running in debt every year. We
have already increased the public debt
1852, 000 900. That was inevitable with
out a change in the tariff law"