The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1889-12-09
NEW SILVER POLICY.
Director Leech Fayors 1t, and
Points Ont It's Benefits.
MUST The COLD STANDARD cor
Issuing Notes en- Bullion Deposits Not
Sew-GsiBg Back 70 the Wsys
Of the Fathers

wAxEaSgToS err, Dec s.-Dirscsor Of the
Mfnt LeecA ia an fassrv5ew tedzs az the subject
es SECRETARY wEBa0a's prDpcse1 SILVER measure,
said il commended Itself % hiz Judgment as the
keks clan FOR the present siiza t0a Of silver and
sonfgsas IN itself solHtion o re silTsr proc
Iem- .sfs vii afE8z1, / believe. said Laeeh, -
readv nrzrkef Tor the xarI US silver prosHct. TIE
formal effect Of uhsca wlIi & % gradually aud
uesnsAne - enAama & rae vAiae q silver HBtl
il rezehes 8 poiHt 50 nearly cores
ponding with It's r&sHe IN coinage thai
We can do away wish all temporary measures
ard restore TIE sw a. Il existed 4ro2 tie iq1a-
dasissa Of the governments % lszA
The proposition 70 issue cert scasss on silver
bEIioa i nus ne =. hat h&s been a1yof atej in
eoagress in yasisns torns by The most advanced
silver men. II the saae manner II has been
repeatedly proposed Ia congress % Issue eertih-
Gates o. g3ld balli0n, ard in Iag iaagmeGE this
EF0positon should become las. ] believe u
would hare seen recommended b. the pres nj
seeresry Of the treasury bat Tor he fact II a. &c
did nos visa 10 entangle tae pr. sent nea ure
With aBT ether proposition. Gold bars are used
raere extensively IN the setflsmeat Of inteFas-
sisnAl balance than es,tn. Why Is 3t not just as
DEGRADING 70 rnake payments . goid bars instead
Of gold cola as il would BE- 20 Teeiye silver bars
AID Issae representative OF coin npon 1T The
pgsn propeseG by the secretary Is far more st-
Vantaeeoas 70 the silver producers than the en-
law, for the reasons ihet beranss under IL oPeF-
alton more than ss.oa,ee0 worth per month
could Re received. Any restriction acts rs
meuaee 10 the Price Of silver. Increased coinage
ua6eE the present. law would Dot continue Ia
deauiseIg EnG Il would only be 4 question OF
tire n en- Il waald have 70 De Discontinued.
Ry SUPPLYING an umiimi ted market for the pro
duct OF s33xes II leaves 6 open 70 81 the n2taeal
OPERATORS Of the law ei supply aud demand. IL
4 6 curl rs fact thst p2Ters representing the ex-
IRENE geld sentiment Of the East anl the silver
men 81 the West should both oppose the pan.
and for diame;rieaily different reasons. the for
raer because X proposes 60 utlixs ,ilger more
fmlly IS money. aid The latter bsesuse they say
ii dsgrases silver 20 the level cf commodity
Win regsra 10 the latter ob. ctton, iaIl 20 see
haw 10 Is any wore degrading 90 silver 70 receive
il tn unlimited quantities aud Issue notes upon
Il redeemale al the o. ti0n OF the holder IN full
legal r Ser dollars than the present las 10 bus
silver Sc commodity
.sThe fenderey II this VII be to gradually and
permanently enhance ifs value, thus enabling
the producers 20 realize large II ees for their
xr01uef At tie sarns time ii viii materially
enhsnce the intrinsic value OF the large stock OF
silver IN circulation in this country, either as
coin or It's Representatives bslieye the adoE-
ton OF the measure recommended BY the seeFe-
tary would in few years SO enhance the value
Of silver that an international AGREEMENT look
ing To the opening Of the minfa Of the word, or
81 least the stat Of The Latin union and the
countries OF this Continent TO The free coinage Of
both metals ~ Gxsd rates would not on be
poss BE but desirable and readily accomplished.
20 far as Concerns the criti Ism that the plan
would make a large addition 70 our paper cuy-
rency based on silver. sna thereby tmpeTil the
continuance Of the god standard. Il must be
evident 70 every one that the predominant seaii-
mlent al the country IL IN favor Of tn use OF
silver as money and the only thing 70 be con-
sldered Is what is the 81 way 70 safely use it :"