Show ENEMY OF SILYEE Senator Sherman Delivers an Address in Chicago Th National Banking System Eulogised Also The Tariff and Beciprocity Silver Denounced CHICAGO Oct 22The largest Republican can meeting of the campaign in this city was held tonight in central music bal and attended by over 2000 leading Republicans of Chicago and the state of Illinois Many hundreds were turned away The meeting meet-ing was held under the auspices of the Republican Re-publican bankers and merchants of the city Tho chairman of the evening was Henry W King and his brief speech accepting ac-cepting the gavel was the keynote of the evening He said The business men of tho west have been struck with dismay at the financial piank of the last Democratic platform which by demanding a repeal of the 10 per cent federal tax on state bank issues proposed to return to the wildcat and red doc currency of thirty years ago that wrecked the finances of the nation He introduced Senator John Sherman who spoke at great length on the questions of national currency silver and reciprocity Ho said in part That the national bonk system had been 50 successful that no man lives who ever lost a single dollar by a national bank note He contrasted this with tho statement of conditions con-ditions existing before the war They tell us said he they want more money Soppoge the government of the United States should issue 100000000 of notes who would they pay those notes lob How can any of you get any of that money unless un-less you do something or sell something to the government unless you do some work or perform some labor The poor man who needs more money would not get his share but the people who hold government govern-ment bonds government contracts etc would get an increased value In former times the greatest circulation of bank notes at any one time was about two or three hundred million dollars and yet today theres one billion one hundred and thirtytwo millions of dollars in paper money in active circulation One would think that was enough it is more than ever existed before in the history of the country and when we remember that ninetyfive per cent and in the city of Chicago 97 per cent of all payments are made in checks and other commercial paper it shows that that money is only used in an ordinary way by people for marketing and the smaller transactions in lifeLet Let the banks break who cares Money is good because security I in tho hands of the government Every dollar of this money is safe and now this Democratic party which for thirty years has done nothing but oppose the action of the Republican Re-publican party comes in and demands the restoration of bad money That is tho condition con-dition before us Mr Springer of Illinois says the reason they put this little plank in the platform was that some of their brethren in the south wanted D chance to issue paper money of their own in other words southern south-ern demand If l made and the Democratic party knuckles down at once and cries Yea yos Mr Springer dont exactly believe In wildcat money himself He dont dOS how it will circulate unlss supported sup-ported in some way He would make some provision in Congress but Congress has no power to change the laws of a state Springer further said It is sometimes said vvo must provide other forms of banking bank-ing because national banks will go out of existence sometime T hat may be as the national debt is paid off as no bank can be organized except on a deposit in United States bonds Some other form of security may be devised but it is difficult now to pass upon that question I do not think tne people of the United States will ever consent to accept auy security from any I form of bank except the security which is I the highest in our land the security of sixtylive millions tho freest people God ever made Great applausaJ The senator also rcfeirea tbe silver I question saying four thousand million dollars worth of silver were now in sigh and 185000000 more per year was being I produced |