The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-07-24
THE OPENING OF
The CAMPAIGN.
Big Republican Rally at College
Poitlt-Sl1aw OIL Gold
Question.
I1,v 4 s.ociated I,ress. !

81 coil jEG Is POINT, N. ". July "a.
retpry Of the Treasury Leslie M, SHAW
was the principal speaker to-day az
Republican setr1i-centennial rally III TINS
place. Mr.. Shaw held q bref reception
before the meeting was called 10 order,
personally greeting the one hundred or.
more syetctnn members OF Tie party who
were guests OF honor.
After a few Introductory words Al r.
Shaw laid down general proposition IN
/ these words s
No ono has a, right to claim for tho
Republican party that all OF It's q d !1,;
5cnts have intuitively and primarily been
right an every proposition. Neither has It
right to claim that each and all or.
lis political opponents have been in 5tif
lively and primarily wrong on all proloo-
sitlons, But the RepnblicanIparty has the
right TO claim, and does claim Una " IN e
consensus OF mature Repubiica judy
ment has been reasonably sound and
rnea siirably consistent. 1t also has q rich u
I to claim and does claim. that the consen-
sus of.opposing opinion has usually been
wrong and II not wrong primarily II has
become wrong after mature deliberation,3
and that It has seldom Sbeen consistent
z with Itself for any great number olS con-
sccutive years. ,z1.
IN, probf that these general sta tenents,
were logical, he cited the attitude Of the
ciai ducs,ion. He then plunged into e
lengthy discussion of the gold standard
4 and The freq coinage OF silver II g closed
as follows: !. ~
nThus gradually the sentiment In favor.
of the single gold standard within the Re-
publican party Increased, and the senti-
n,ert gln3tl1e opposition party correspond
Eingly diminished. When the issue wasl
fairlyapresentcdS In 1896 new alignment
occurred. Those who intuitively5 recog-i
nized the logical impossiblity Of the
maintenance Of parity between coins OF,
different metals when both are coined
FREQ OF expense | o. It he owner of heg bull,
lion and In unlimited quantity, hal W =
the ratio, together with those who by
study and research % the same con,
scluslon, and those who profited by the.
historic fact that no country ever sue.
8ceeded in maintaining for a period ofgsixs
mo nths at a time the pa rity in metallic!
value OF coin Of different ma teral. coined
freely and &unllmtedly. gradually allied
themselves with the Republican party
while those whose intuitions were differ
emit and whose reese re conf ID then1l
In their belief, allied themselves with the
opposite party. 3 81 S25
This new alignment may or ma y: no t
prove permanent, but i t tends to establish
one or tho propositions that laid down
stnS tho beginning I hut tho consensus OF
mature Judgment Of Il lie Republ lcaif party
Is usually right, and the consensus sofs
mature opinion OF the Democratic party;
is usually wrong. On II his subject the
Republican party sta ggered for a time.
and stumbled once or twice, but as in!
other instances ultimately regained its
equilibrium. The Democratic party, on;
the contrary, after staggering for o. time
and stumbling frequently, finally ex-5
pressed Its mature tudg ment in Its Cali
ca go plat form Of 1896. as reafflrmed ins
1900. and neither retracted nor apologized
for IN 1907 II S