The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-08-16
sHERMAN's SPEECH.
He Formally Opened the Campaign
I'm Ohio.

Mr.. Chairman and Fellow Citizens: citi-
zen of Ohio has been selected by the repub-
hcan national convention as the candidate
for president of the United States and we
are here to ratify and support his nomina-
ton. We take pride in William Mckinley,
not only for the honor conferred upon Ohio
by tie convention, but because we know him
to be fitted for that great office. We know
that since his boyhood his life has been pure
and stainless; that as soldier in the Union
army he was brave and loyal; that a men,
Der of congress for many years he exhibited
the highest mental traits and rendered great
services to his country, and that governor
of Ohio he proved his capacity to perform
difficult duties.
He has the higher claim upon US that dur
ing all his active life he has been a faithful
and able republican, thoroughly in sympathy
with the principles of the republican party
That party does not rest its claims to your
confidence merely upon the merits of its can
didates, but upon the soundness of its public
policy, its measures and it's aims. 1t is the
distinguishing feature of our republican gov
ernment that every question affecting the
people of the United States must ultimately
be determined oy them at the ballot box.
Every legal voter has equal voice in de-
Gliding it, however difficult the problem may
be.
1t so happens that at the coming presiden-
tial election there will be submitted to our
judgment two such questions, one of which
is whether any holder of silver bullion may
deposit it at the mintS of the United States
and have 1t coined for his benefit and without
ID
weight of 41212 grains of standard silver nine
tenths. fine, and may tender them for any
debt, public or private. The other question
is whether, in laying duties or taxes on i'm
ported goods, we should only consider the
revenue required, or whether while raising
the needed revenue, we should seek also to
protect and encourage domestic industries
The one is called revenue tariff and the other
protective tariff.
THE FINANCIAL ISSUE.
Both the silver and tariff are vital questions
of domestic policy of equal Importance but /
propose this occasion to confne NV re-
marks mainly to what is known as the free
coinage of silver at the ratio of sixteen parts
of silver to one Of gold. This issue is thrust
upon us by the democratic party. or rather by
the populistic branch of the democratic party.
Gold and silver coins are recognized by ali
commercial nations of the world as the best
standards of value. the measure of every
article of desire, of everything that is bought
or sold. These two metals not only measure
all other things, but they measure each
other. 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
f1uctuation of value cannot be prevented nv
law. 1t is beyond the reach of legislation
1t is caused by the changing demands for
and the increasing supply Of those metals
from the mines.
Both are necessary as money. silver to sup