The times. (Owosso, Mich.) 1882-1897, 1896-05-22
BOIES AND SILVER.
Meeting Of the Democratic State
Convention of Iowa.
Wright Makes His Sound-Money
Speech-Other Conventions-Polit-
ical News.

Dubuque, Ia, May 21.-Nearly 1905
delegates TO the democratic state con-
| vention, two-thirds of them wearing
white silk badges with picture of ex'
Gov. Boies and the inscriptions: Free
Coinage, Sixteen to One, and Horace
Boies for President" trooped into the
Grand opera house Wednesday morn
| ing.
| At 1915 State Chairman C. r. Ranck
called the convention to order and
prayer was offered by Rev. w. ID. Ben
ton, of the Episcopal church. S. S.
Wright, of Upton, was then introduced
as temporary chairman. He said in
part:
Chairman Wright's Speech.
After scoring the legislative enactment
OF the mulct law, and making an attack
on the republican legislature which failed
to repeal the measure, the speaker made
an appeal for local option, declaring 1t
to be the only practical solution of the
temperance question.
1T has been said that the democratic
party, when it did have the power to en-
act laws, did not make an ideal tariff
schedule. While 1t may be true that the
Wilson bill is not perfect in anyrespects,
still it comes nearer representing the best
law that has been enacted. for years.
1T has been claimed also that 1t Is not q
revenue producing law, and yet recent
treasury report shows that the deficit for
the fiscal year, to the date of report, was
q little more than $23,000,000, and the re-
naming two months at that rate would
bring it up to about SIS, ,000 while the
deficit for last year was over $4,000 600,
and for 1894, under the Mckinley law, it
was over $72,000,00O
His Remarks on Finance.
Financial stringency is not always due
to evils in the monetary system. Indeed,
its causes are as difficult in solution, as
stealthy in approach, and about as sure to
periodically appear, as drought, tornado
or the measles.
"That man who advances the argument
that the debtor can, after the establish
ment of free coinage law at the ratio of
sixteen to one, pay his debts at half their
face value may fold to his bosom all the
comfort derived by asserting q PROPOSE
ton 30 glaringly. so palpably at variance
with the fundamental principles of free
government, based on true ethics. To
make a piece of money out Of 81 or So
cents worth of silver and say that 1t shall
be received in the payment of all debts as
one dollar is but to confiscate one-half the
wealth Of every man whose money is
loaned; 1t is to cut in two the little bank
deposit of the laborer and to double the
price of all things he buys.
II ain opposed to any system Of laws
that would even have tendency towards
decreasing the purchasing power of money
and increasing the price of commodities
without in the same degree raising the price
of wages. The wage market is always
slowest to rise, and in case of cheap cur
rency never reaches the level attained
by the manufactured commodities Of the
country.
1.-THE greatest political battle of mod
ern times is just ahead of us. j believe the
time is past when any political party can
be sure of success in this broad land. This
is a nation OF independent minds. Here
man moves along and thinks for himself
The true American resents the idea that
he will vote for any party because of the
party appellation, regardless of whether or
not it represents correct principles.
For myself 1 would infinitely prefer to
go down with my party on a platform of
broad principles, rather than by a mean
ingless evasive declaration to ride the
crest of victorious wave in the great
storm which sweeps the political sea. For
myself, 1 can wish for democracy nothing
better than that upon every page of her
history shall be written: This is an hon
est party"