The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-18

Mr.. Rayner, n Democratic congressman
from Maryland. in his speech which
opened the silver debate, said:
''lIe vas not in favor of purchasing an
other ounce of silver or the coming OF il az
tie present ratio or any other ratio.
at was claimed that we required in this
country system Of hi-netallism, but VIC
would never have this until the CONNER
ciai nations Of the earth agreed upon a
proper ratio. and inst SO long rs the Shcr-
man act remained upon tine statute books.
40 long was an international ratio finan-
eial impossihility. So long as we pur-
chased silver and parted with gold. so long
would monetary conferences result in fall
ure. When We ceased purchasing silver
and proclaimed 20 the world that the gold
dollar was the standard and the unit of
American value then We could bring Cur
rtvals 90 terms, because there was not q
sufficient amount of gold in existence to
supply the demands OF commerce and the
necessities of the worlds circulation
Every dollar of the nations coin must be
dollar everywhere aud in every common
wealth."
Since the delivery OF this speech its
soundness has oeen confirmed by events
Eminent English finsnciers have been
seeking 20 influence our silver legislation.
One OF the messages sent from London TO
leading iinaneiers of New York city was
inspired by the Rothsehilis. All of these
messages were 60 the ef'ee: that IL the
united States would continue buying sill
yer under the Sherman bill or some SINH
lar scheme the British government would
agree that the minis OF India should be
reopened 20 free coinage ut the ratio OF "a
10 |. To these messages one reply was
sent. II was 10 the effect that when Eng.
land "a ready 10 propose an international
agreement respecting the enlarged use OF
silver the United States will consider Il.
These English nnanciers were alarmed
ct the position in which the stoppage OF
silver purchase by the United States would
leave India with IT'S great silver currency
of |, Too. oCo. 600 rupees. and Indian exchange
with England. The rejection OF the
proposition was both right aud polite.
hat its offer shows that Mr.. RAvner and
President Cleveland Are right in their
view that the way 70 bring Europe ~
terms Is 10 step the purchase of silver, and
compel her 20 seek an international agree
ment In following the policy that We
have pursued for the last few years We
have done precisely what England wanted.
In going On with Il We should continue 20
serve her purposes, When TIE Rrusse..
conference failed 20 DO anything We should
Instantly have stopped silver purchases
and begun accommodating gold Had We
done sc. We shoGji have had England
seeking an international agreement eetore
now.
TAss was our true palicy in ISIS instead
OF snaesine the B.and-Aulson lsw. and It
10 our true policy today 70 repeA SILVER
purchase AMI wait fos Kurepe % come %
terms vita rs On the platform Il in;ernA.
tieaal hi.mesagIlsaa.
There are many other signs that THE
rrcsrseCt of the rsgeAl % the sherman ace
10 viewed sith alarm IN British financial
cire!es. nenFy Chaplin. ex,prssiaeat OF
the bcsrd az agriculture. has openly ey-
pressed his apprehension ia parliament.
london correspondent Of the New Iosk
fszsst SAYS shst she bs,isf Is qase general
taeee that epee the Uaitsa States govern
meat has areppea the task - ho.Afax 20
.svsr. abe Eas3iSh governments vii ses>
sosse some sovs 81 an international none
larry agreement The Tcry leader. Balsous.
10 already arg.ns sarA a. agreement
Tie ability - sAs Cn}tr& states 20
smpsv the vaa,ts os the Nznk II
Easland os sOns s. esa.ooo 81 god
rsf.le1 Ieaaon, ERgissh ansnessrs rsosS.
ase sAs difference between hankraps
Austria serktns ; year 10 Ees together
ssSz Eola shAE The [ a.tea Ssats= ean secure