The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-09-23

question is one that pales into insignii-
canoe compared with this mighty conflict
for the preservation of the Republic that
is now on hand. have not changed my
mind upon the financial issue at all, but
the Democratic party will not be terror
lied or driven to its dungeon by shadow
that has no substance behind it. / do
not believe in the probability of a panic.
You will permit me to say that 1T does
not follow that because there is a decline
in speculative securities that have no in
trinsic value, that the prosperity of the
people at large will be affected / do not
believe that the gambling dens of Wall
street are an indicator of national pros
perity. Good investments recover from
a panic much quicker than they do from
a gradual liquidation and those invest
ments that are worthless ought to sue
cumb.
ut is all idle talk about Democratic
Secretary of the Treasury forcing the
Government TO a silver basis. 1t does
not lie within the power of the Treasury
Department to bring about such result.
1t has been shown by experience that this
Government has the inherent power at
and every silver dollar is worth a gold
dollar and will continue to be worth
it until Congress passes a free coinage
law, and of that there is not the slightest
or remotest danger.
Il notice that some of the financial
journals are prophesying that if the Dem
ocratic party succeeds, American securi-
ties will be thrown upon us from the Eu-
IL
be taken up with eager hands. The money
question gives me no concern whatever,
and if it did. am frank to say l would
yield the point and would feel as someone
else felt upon similar occasion, that l
prefer my country to debenture bond,
and the stability of its institutions to
the stability of it's exchequer.
THE CHANCES OF SUCCESS.
Mr.. Rayner was asked what were his
views upon the chances of success.
In Maryland" he said, 1.-The election
will be close, with the tide running in ia
vor of the Democratic party. We will
certainly carry three of the Congression-
al districts. In the Fourth district the
Republicans have made a strong nominal
ton. and the gentleman whom we will
RAYNER-TWO :. g.. g.. g. 6. G.. 6
renominate is very popular with his con-
situents. / think by active work the con-
test can be won. In the country | be-
lieve if the election was held tomorrow
we would be successful. but of course no
one can tell what developments will occur.
THE Republican party is backed by
combinations of centralized wealth, and
the influences of the army and navy, by a
pension list which will soon exceed the
cost of maintaining the largest standing
army upon The earth, by enormous trusts
with fabulous capitalizations and by pro-
tected industries that have been plumber
ing the people for more than a quarter
of century. Arrayed against this alli-
ance stand the people who are not in
partnership with the Government. who
are compelled to pay reluctant tribute
in support of a policy that is hostile to
their interests.
Il have vivid sort Of a premonition
that in this battle the people will win,
that the Democratic party will be restor-
ed to power, that conservative counse.
will pervade it's deliberations, that wars
of subiugation will cease, that taxation
will be reduced. that we will return to
the normal days of the Republic and that
the strange idols that have deescrated
the temple will be broken, and the pure
worship of the Constitution will be re-
sumed."