New-York tribune., 1908-09-26
SHERMAN ON BRYANISM
TALKS TO TR4VELLERS.
Sound Money Men Hear Candidate
an First Speech Here.

James 5. Sherman. Republican candidate for Vice
President delivered yesterday his first speech Of
the campaign in New York city before the Com
mercial Travellers Sound Money League, at No
81 Union Square
Mr.. sherman said that Mr.. Bryan had recently
refused to his position the gold standard
and that If elected. he was Just likely not to
try to carry the free silver theories which he
used to profess
He then discussed the reasons which made the
gold standard absolutely necessary. and gave many
figures to prove the industrial and commercial ad-
Of the country under Republican adminstra-
tions
Mr.. Sherman laid particular emphasis on Ameri-
credit abroad and showed that under a sound
financial system the United States able to
sell bonds bearing per cent interest above par,
while foreign countries could not sell their bonds
par. although they had higher rate of interest
Mr. Sherman met the Manhattan Hotel
by the following committee: General Joseph w
Congdon, Jonas Langield, J. /. Sheppard, George
T. Victor. William G. Webb. William II. Fletcher,
Charles f. Homer Colonel Franklin Allen. Walter
Scott. William a Power, John T. Cutting. Isaac
Guggenhaim, Charles W. Kohlsaat and Frederick
H Wilson. They escorted the Nice-PresidentaI
candidate TO the headquarters of the league. which
he reached a little before z O'Clock.
The filed rapidly after his arrival and
there was only standing room for some time be
fore he began to speak Several women were pres
ent.
Mr. sHERMAN's SPEECH.
Mr.. Sherman wore a Taft pin in the lapel of
his coat and badge with the American flag and
pictures of Judge Taft and the White House on it,
He spoke follows
one Of Mr.. Bryan'S quoted sayings is Pro
lection has slain lis thousands; the gold standard
mons aifb ,5 n"' M Z s'ren up ms hatTed OF sound
IA tllS campaign lie answers not word 4
tain the gold standard if elected President How
Is of
thousands? he would be bound to use all his au-
.t30rity to check such a destroyer.
The establishment Of the gold standard is law
and its administration IS OF the great achieve
ilets i, 81 the the kepubcan part An assault upon
KINDS, VINO can tell what mischief the adrQit
Presidential wand in his reckless hand?
nus coGLI! cdIliloL aloTd TO put houha money
In jeopardy to intrust the gold standard to the
too rich and manifold be imperllled for tie
profit Of partisan leader. Recall the advantages
We fail 10 take account of air and water and sun
gold basis is. BY reason Of the Republican policy
this country has become the owner OF more gold
than has ever before been held by any people any
where, at any time In the public vaults OF the
United States is treasured a larger amount OF the
sTG% sfed UNDER nss sne a4R conSo h4S ever elsewhere been gath
BY the official statement Of September !. 1898.
the national Treasury holds in actual gold $l425,
6i3,3I2. The magnitude OF this sum the i'm
agnatIon, as It strains the power OF computation.
Besides. the banks OF the country have in their
possession two hundred millions or more OF the
nations what is this treasure? The gold reserve
in Europe is boarded in Ceutra! banks. According
to Tho New York Financial Chronicle these in
stutiOns held september i in England $4,000 coo
in France s6i5 oco0 in Germany 5000 oO0 in Rus
sa $3.50 H00JD and in Austra-Hungary S2}5 600 O00.
That is 10 say, the gold holdings Of the Treasury
Of the United States exceed those Of the richest
three powers Of Europe and II the yellow metal N
the banks is added surpasses such resources Of any
four OF them.
Since the passage Of the gold standard law in
1899 the increase in the yellow metal IN the Treas
JTy has been 1922 2S, ,92s This growth is than
the total holdings Of Great Britain and Germany
combined The figures are more eloquent than
words.
HELPS UNITED STATES ABROAD.
The plea for free silver and for the issue of
paper money is that in that manner the circuat-
ing medium may he enlarged in volume The Re