The Denison review. [volume] (Denison, Iowa) 1867-current, 1901-04-19
GOV. SHAW TO YOUNG REPUBLICANS

The twenty first annual banquet of the Young
Mems Republican Club recently held in Pha-
delpha. Among the speakers many of
tonal Importance. They included Shaw of Iowa,
Governor Stone of Pennsylvania, United States
Senator Penrose and others. Governor Shaw was
the orator of the occasion. He said:
81 congratulate the membership of this organ
zaon that early in life they have allied themselves
with the party that has solved all national prob
lens within the past fifty years, and that
stands charged with responsibilities ranking with
any presented to the American people.
Slavery, reconstruction protection, reciprocity,
and single gold standard have all been settled by
the republican party, and in the solution of none
of them (the gold standard alone excepted) has
there been woven single thread of warp wool
spun by democratic myers.
81 speak of protection as a solved problem
For it must be remembered that the last tariff sche
dule enacted by the democratic party contained SO
many protective features that the then president of
the United States, true to his convictions, and hav
Ing been elected upon platform declaring the
protective policy unconstitutional, allowed it to be-
come law without his signature. The tariff laws
will need amending; many items protected
will doubtless be placed upon the free list, and the
many others will be reduced but | doubt
if the question of free trade and prote will
again be made issue at the polls. Men
will differ in application of the principle to
specific articles, but neither party will be able to
tariff schedule that does afford protec-
ton to industries, and party will be able
to enact one that willAield sufficient revenues with
imposing duties, to extent at least, for
the sole purpose of revenue.
81 speak of reel procity settled policy. The
repeal in 1894, of the laws which inaugurated that
policy so manifesty harmful and SO evidently
ttaught with evil that no party will ever again fail
sanction treaty negotiations to secure access
foreign markets. The conflict Of the world is
SO much for terrory's sake as for ports and mar
kets in the interest of commerce. Under protec
ton we our commercial independence, and
are now fast assuming supremacy. To the extent
that we now rendering open door in
possessions and in consideration therefor
asking of other powers in the far east the adoption
of the same policy, we are applying the republican
princi pie Of reciprocity. To what extel t cess to
ne markets of the world will be ultimately guaran
teed by international convention not prepared
to say The field is and enticing, and the
:tject is worthy of the most adv. ed st les
manshp.
81 also speak Of the single geli standard as hav
ing been permanently settled. The case was tried
in 1906 favorable verdict rendered and spread on
record, and decree in harmony Herewith en-
acted by act of congress, approved March 4, 1900.
motion for rehearing argued months
later but it was denied by electoral vote Of 1872
to I23 DO not understand me suggesting that
further legislation will be needed to make the
will of the people perpetual. Money is the tool Of
commerce. and that form Of money and that sys-
tenn of banking which is best adapted to the needs
OF commerce will ultimately be adopted by the
world These wholesale merchants here tonight
will bear me record that wheresoever they go in
foreign countries they find the price lists indicated
IN pounds, shllllngs and pence and until recently
they We're required to pay foreign balances in
drafts on England Dollars and cents
convenient and more readily understood than
pounds, shllllngs and pence yet the English pound
remains the unit of value in of the world,
and primarily because it means everywhere and
all times definite number of grains of fine gold,
and draft on England is everywhere acceptable,
for it is always paid in gold or its equivalent Let
the gold standard be streng thened and reinforced
by the wisest possible legislation; let banking
SYSTEM be perfected; and these merchants will be
able to write the prices current of the round earth
in United States money and make our financial
centers the clearing houses of the world. If this
shall be accomplished, young gentlemen, it will be
done by the party by which you have vowed your
political allegiance, and to the counsels of which
y,u WILL hope, bring the best thought of your
mature years.
s'But there other questions not yet solved
ought perhaps to explain statement made few
moments ago to the effect that the republican party
alone has had voice in the solution of past issues
The war with SPAN was a non-partlsan measure,
and all parties joined in its declaration, and all
parties took honorable part and rendered patriotic
service in the conflict which followed The peace
commission was partisan body, and the treaty
| formulated at Paris the product of patriotic
non partisan craftsmanship. The ratification of
! that treaty by the United States by the
vote Of one third Of all democrats, o-thirds of
all the popuists and three fourths of all the free
silver republicans in that body, and against the
! protest Of portion of the dominant party. But
from the date of its ratification to the present time,
and from on, think. gentlemen, until the
final settlement of all issues growing out of our
possessions, the republican party has borne
and will bear unaided and unsupported, the respon-