The record-union., 1897-10-29


WASHINGTON, Oct 2S.-For the
first time since the beginning of the
campaign in Ohio, Secretary Sherman
has published his views in the shape
of a letter addressed to the editor of the
Cincinnati "Volksblatt" advocating
the election of the entire Republican
State ticket Sherman writes:
Il look upon the pending canvass in
Ohio as a retrial of the issues involved
in the election of 1896. State issues, if
any, do not seem to be the subject of
debate. Naturally the first issue now
is, whether the Administration of VIM.
Mckinley thus far is approved by the
people of Ohio. Upon this question
there ought not to be any difference of
opinion. His prompt calling together of
the Congress of the United States to
provide requisite revenue for the sup
port of the Government, and his recon-
mendation of the prompt repeal of the
feeble and indefensit d 1e tari f law known as
as the Wilson German law, has met
with general approval. The revival of
all industries and the commencement
of prosperity in all parts Of the United
y
result of the action of the President and
a Republican Congress.
''It is the declared purpose of the Re
publican party to restore and maintain
the policy embodied in the Mckinley
tariff Act and the recent Act known as
the Dingley tariff 1t is unfortunate
that the beneficial provisions Of the lat
ter Act cannot be in full operation for
portations under the Wilson German
Act, but confidently believe that with
in year, under the present law, the
revenue of the Government will be am
pie to pay not only current expendi-
lures, but large sum yearly in reduc-
ton of the public debt. To secure this
desirable result, the Republican party
must be sustained not only in Ohio, but
in the United States
Another question of public policy Of
equal Importance to the tariff is what
is known as the free coinage of silver
without regard to it's market value or
the action of the great commercial ma
tons of the world. 1t is now proposed
as the cardinal principle of scattered
parties that the holder of any silver
bullion, without regard to its market
value, may present 1t at the mints, have
it coined into dollars, and made a Ie-
gal tender of all debts, public or pri-
vate. At present the silver in a dol
lar is worth about Al cents. 1t would
seem that this bold and transparent
proposition of reputation of more
than one-half of all debts. public and
private, in the United States, would
shock the public sentiment of honest
people, and secure its prompt rejection
But, strange as it may seem, it is de-
Tended by so many that we are bound
to consider their reasons before we de-
nounce it as a fraud
1T is said that free coinage wouId
bring UP the price of silver bullion 70
the ratio of 16 to l. There is not the
slightest ground for this opinion. Sill
YER has gone down in price precisely a.
iron, tin, copper, or indeed the price
of all the metals except gold. The de-
velopment in the process of mineral
ology has kept pace with the cheapen-
ing of nearly all the productions of
skill known as manufactures. Even
gold may decline in relative value as
the result of recent DEVELOPMENT of
mines in several places of the earth.
but from its superior value in the
smallest space, and being less affected
by cCrrosion than any other money
metal is now and will continue to be
the standard of value in the chief ma
tions of the world.
Silver will be largely used in all
countries for minor coins-and if linz
tied in amount and redeemed at it's
coinage value, or made a legal tender
for limited sums, it will be largely az
sorbed for minor transactions-but its
free coinage for all who demand it
would at once make it the sole coin in
circulation, prevent the coinage of gold.
and place our great and powerful coun-
try in financial operations among the
minor and poorer nations of the world.
This is the issue that will largely con-
troll the vote of Ohio next week.
AS to the issues of the future. I can
say with absolute confidence that in the
future. as in the past, the mode of levy
ing duties on imported goods and the
free coinage of silver will be the di-
viding lines of the two great parties :
The Secretary of State speaks a good
word for Mark Hanna, and premises
to so to Mansfield next Tuesday and
vote the entire Republican ticket
NEW YORK CAMPAIGN.
NEW YORK. Oct 2S.-Richard
Croker was roundly Kissed at the Tam
many Hall tonight at the first large
meeting of the campaign where the
Tanmany manager had made his APP
peaIance. It was at the big meeting
attended by Mayor Harrison of Chi
cago and some 300 Cook County Demo-
cratic leaders. Croker's plan was 10
bring them here; he was Chairman of
the committee that welcomed them,
and he sat proudly upon the platform,
smiling upon his guests when the meet
ing opened. The audience. was a highly
enthusiastic one.
Garter Harrison was on the PLATFORM
and the Chicago delegation occupied
front seats in the body of the hall
owing to the repeated Interruptions at
the Tammany gatherings, care was
taken to keep Henry George shouters
out of the hall. Former Embassador
James b. Eustis was cheered when he
rose to speak and during the delivery
of his speech he was cheered literally.
The Chicago men were warmly greeted
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