The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1892-02-04

sAYN ER's GREAT SPEECH.
A Clear and Convincing Argument
Against Free Coinage

Mr. Ravner's speech before the
! House OF representatives. Monday
on tie silver question, in reply to
Mr. Lanham's demand for free coin
age. was 4 co9ent. able and admira
| bic protest ard argument against
! the ruinous policy Congress seems
incl med f. force upon the country
! Witt the Utmost vigor and direct
Ness Mr Ras ner impressed it upon
the House hat th. new silver doe
trIle wodld not he accepted by either
! pal in me East nor in other parts
Of the Union where money is sub
jet Of practical. as distin guish ed
tbeo'tticai study. ''It is as unsound
leresy,' he said, ''as ever made
ITS app ,.rauce IN any intelligent
rapr-sen -arlve a5se III bly," ''Hls-
tory" he continued, "has been read
III vain, the cardinal maxims of po-
etieaI economy have been entirely
n is+r pretended aud the experience
= every country on the globe that
uses gold and silver as circulating
medium has been misconstrued, if
there bs any semblance of truth or
logic in the propositions that have
been here advanced in favor of this
fatal policy" The fault of the pro-
posed plan, in Mr.. Rayner's view, is
that it offers the public a dishonest
dollar in unlimited amounts and
un'.er such circumstances that gold
viii DO ,lnonetiz@d by It. Silver
dollars containing 100 cents worth of
silver would be desirable enough,
but nos i deprecia re enough, uneer-
tsln AID f1u"tnati1g silver standard
reoudlatad In every well-rees sulated
cs5n'mercIal government of the
wc?ld.n
he wild proposal to grant free
coinage to silver at u rate of 81 %
per ounce when the market price is
under 81 O5 an ounce cannot but
ucnIi the whole world TO unload it's
>live upon us, With the effect of eX
pei'ing our gold from circrla ton
The cOuntry will vote DOWN this pol
c., Mr. Ra.yner predicts, as soon ts
i understands It, just as it voted
down the protection fallacy us soon
~ il hHd given rh 1T subject a little
thee 1t is against all interests of
she counfry-theC Colorado mine own
ing interests exec pted-and Is par
tjclii; rlV seain>t the interest of wage
earnfrs They fiud it out aft er tree
"p!n@ gp becomes II fact. if not before.
ar.d short shrift w;ll b. given to the
party thar makes Itself responsibIe
for tnA evils of IL precia ted curren-
CIV Public opinion said the
speaker iy way oT wal ming, ''rhang-
IS sery quickly. To-day it applauds,
to morrow ii cenrur res and con iemns
l. il 4 dtnrerous thing to follow it |
j. il III" process; .: revolution" In |
.onciu,ling Nj haHner affirmed that |
rour"g ge in standing by honest con
on pubtic questions is a quail
ity OF staIesmanshIp which the peo-
PIE most admire, and cited Mr. Cleve-
land as IN example. In 1886 he |
VAS struck down by facing tie enc
FhN', on IT, ISSUE OF tariff reform |
''1o-'iay, the speaker added, che is
stronger than the political forces ar
rayeG against him He will rise
abovt t1- machinery of all conven
tons BY be abiding confidence [
have in the PRINCIPLES of my party
and by the fervent hope | cherish
thar the hour Of deliverance is at
na't | counsel and appeal to you
lot adopt this mistaken policy,
hat will rend our ranks asunder"
Firm and frank language like his is
] -eded 10 convince the silver kings
Int Gth' r people have opinions and
lights as well as they.