This is the primary and almost the only cause of the financial difficulties of the present administration.
John Sherman
The Public Record
John Sherman was an American politician from Ohio who served in federal office throughout the Civil War and into the late nineteenth century. A member of the Republican Party, he served in both houses of the U.S. Congress. He also served as Secretary of the Treasury and Secretary of State. Sherman sought the Republican presidential nomination three times, coming closest in 1888, but was never chosen by the party. Between 1861 and 1897, John Sherman served in the U.S. Senate for nearly 32 years and holds the record for longest serving senator from the state of Ohio.
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The vital defect of this bill is that it does not provide sufficient revenue to carry on the government.
This cannot be while federal legislation, through the imposition of high tariffs, forbids to American manufactures as cheap materials as those used by their competitors.
Not less closely related to our people's prosperity and well-being is the removal of restrictions upon the importation of the raw materials necessary to our manufactures.
Nothing should intervene to distract our attention or disturb our effort, until this reform is accomplished by wise and careful legislation.
If there is anything in the theory of a representation in public places of the people and their desires, if public officers are really the servants of the people, and if political promises and professions have any binding force, our…
After a full discussion our countrymen have spoken in favor of this reform, and they have confided the work of its accomplishment to the hands of those who are solemnly pledged to it.
Nothing so important claims our attention, and nothing so clearly presents itself as both an opportunity and a duty--an opportunity to deserve the gratitude of our fellow-citizens, and a duty imposed upon us by our oft-repeated…
The future of parties will depend more largely upon the manner in which this condition of things is met by the present Congress than upon all other causes combined.
The extent of protection was limited to the want of revenue, but the duties were uniformly so adjusted as, while producing revenue, to encourage manufactures.
While the terms of our tariff laws provided for revenue, their foundation and background were to encourage domestic manufactures and diversify productions.
It has been recommended by all the Presidents from Washington to Harrison, and by none more emphatically than Jefferson, Madison, Monroe, and Jackson.
Whatever theories may be proposed, it may be regarded as an axiom that the protective principle is a well established principle in the United States.
The ideas of the Populists are too visionary and impracticable to be made the basis of a political organization.
If the opposition to the Democratic party in Virginia had been organized and conducted by the Republican party, the results in that state would have been very different.
It is manifest that the causes of the defeat of the Democratic party in the recent election were general and not local.
The great depreciation of silver bullion has resulted in a vast loss to the government and its disposition is the most serious problem pending in Congress.
They must be treated as United States notes, and maintained at par with gold coin, or the parity of our coin and currency will be endangered.
To complete this system and to extend it to our paper money it would be wise to gradually withdraw treasury notes and silver certificates and replace them with United States notes supported and maintained by large reserves of gold.
The bimetallic system of maintaining all forms of money at par with gold will probably soon be fully established.
The free coinage of silver is still upheld by a large body of those who are interested in mining it, or who want to pay their debts with a depreciated coin; but the danger of the adoption of this policy is lessening daily.
If you,' he added, looking the Democrats in the fact, 'cannot do it, then retire from the Senate Chamber, and we will fix it on this side, and do the best we can with our silver friends who belong to us, who are blood of our blood, and…
The Republicans had remained steadfast to the President, although under no obligation to him, and now the time had come when the Democrats must take the responsibility.
Never before had he seen such obstruction in the Senate, never before the force bill had he known of a measure which failed, after due deliberation, to come to a vote.
If we will do that I think soon all these clouds will be dissipated and we may go home to our families and friends with a conscientiousness that we have done good work for our country at large.
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