Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-12-03
POST -INIELLleEAcER


ruw pnEs1DgxTs mnssAGk
Ths Prsufdsnt's msssaes. which 80
vubli1hsd yesterday 10 fail, = . Io1e
ana sxhansSivs document. = = fssn-
ienabls 70 say Of stAts papsrs es1sSat-
inc from the Chief Exsoutive that they
"a . sbIs.r To our miSd The truth Of
the asssrtion largely depends upon TIE
ae6niticn Of the word. The messa<e
iust cat u Isns. II touches upon vast
number Of TOPICS. Some Of thsss are
treated exhaussivsly and With msrksd
ABILITY. That portion devoted 20 our
relations With foreign powers = vsin
aha compendium Of information, sna
rsplsss With apt suggestions and recon-
mendasions.
The President acoords with his reviy
aupoiated Secretary Of the Treasury,
M. Hugh MeCulIoeh. In Recommending
the Immediate suspension Of fhe coin
ace 81 silver doIiars and the issuance Of
oliver osrt.fcatss. He unitss with she
secretary In fearing that " at no distant
dav silver viii BE- oar sole metallic
stsndsrd.r This in fscs Of the fact
chat more silver dollars By several niii-
ions vent into general cifenistisp lass
vear than we're coined that out OF the
sls5 oOo, 900 coined In the six years dur
inc which the present Law has been IN
force bat 60. 10000 are not nos eifhsf
Ia actual circulation, or practically eir.
euIatsd by means Of silver certificates !;
thas there d nov nearly 500. ooc, 600
more gold in The country than when fne
Law wss passed, and that orr annual gold
imports largely exceed our exports. 10
this portion Of the message further
references will be made hereafter. Is u
IN accord with the demands OF Wall
strees. and will satisfy those who be-
IIeys In q contracted currency and .
single money standard.
The interests OF the National banks
are carefully looked after. The fact
that a. the public debt grows less, and
outstanding bonds are called In and
canoslled, the revenues Of National
banks and their facilities for Issuing
THAR notes also narrow, occasions him
profound solioitude. We have never yet
bean abls to realize Why double me-
dium Il necessary for issuing . good
bank mute, I. e., Why governments bond
.hsId BY private corporation issuperior
e. security for the redemption Of bank
nosss based thereon. than direct prom
lee TO pay issued by the Government 70
the holder. Nor do we believe that any
better paper currency than gold and all
YER csrtifcatea vas ever yet invented.
The greater the number Of these out
ssandine the less demand will there DO
for National bank notes a. q circulating
medium. This seems 10 DO the rub.
The sra for receiving double interest
npon invested money. through the aid
Of the National bank system, In passing
away with the payment Of the National
debt.
The President treats the manufacture
and shipment Of dynamite and other
explosives Ringerly enough TO suit even
Congressman Finerty. Had he recon-
mended more vigorous measures for
protecting helpless men, women and
children from assassination by means
Of these internal inventions 20 DO used
By towards. IL would have more nearly
accorded with the public sense of in
ternational comfy and ordinary hu-
mainly. Respecting the presumption
Law. corporation land grabbing and
iapsed railroad grants. the President
contents himself with endorsing the
recommendation of Secretary Teller.
OF 80 long document an editorial re-
view must necessarily be cursory. II
strikes rs that the President has vigor-
ousiy assaulted several questions we'll
nigh conceded and settled, snd handled
with considerable tenderness some
topics now in bitter controversy. A
an historical review, which, possibly. is
she best purpose an Executive message
serves. IL Is quite complete. Assn elu.
cidator OF vexed questions, or in adj
vancine suRgestions supported by oopen.
argument and hanksd by concentrated
facts, 1t certainly does not rise above
the average Of Documents emanating
from the White House.