The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-06-24
COINAGE OF SILVER
soMe FAVOR. OTHERS OPPOSE.



6ovoraI q - pgpUtoene nankefs q
Chscnno wuco sooa ~ Chicago 7SibaHe
.--...1-~ - aeknd DIR outu5ou = 70 Whist
-s.-as 9. - 49, - ~ .,eanin~ IL the
-. - !. =. 49,. ~.x - -.-..sxse -
iyex paaas'
toli0Ws - -. -,
Whtcb H. 3neae ~ peesees = ~ 49,
teW, VIII - = tncrease tne vaaue g snsef
ID ~ U0ttod eenaes fsom ~ - = pex s. - -
Is y - e1ect > 1naxoneoe Ga he RSfs -
~ peePte - mAtnsean ms sn.sassa $3.50 -
Tor a indennffs per5oa. Ine To- I -
~ - this operation - psoP1e = oocy.
through cou1fe1s, vgIunsashy as.us ,r rp1
the beue6t q ths alvea Rfooneen ~
immediata enect 9 ne 81 VIZ q.
besimp1y ochanee nlgn ~ ne aineFen = ~ y
sbs present ya1us hstwesn Aizh 9rsans o
stIvaf and 8s9 Gratne q e0id 90 hot SO
that any other marked tnecf VII immeaa-
ataly follow. but - time rotis On the results
n.y bseon.s mors msslsd. =. .r.rt -
= VI nndcaoes ~ nasn sns 81 s slysp
from our own mttss. and Z may is. .s,,l 70
The importation @ NOR. % isss 0a',io !.
from abroad Mexico sna e'sew neIs. :, = ,h =
operates - many q ne ffisnds o we
measure hope y viii, and = I nesieve y
ultimately VII. 6 VIZ enhance tne PIlce %
commodities: Ihss uih nass e injurious
eject upon he vags-wosking easss ano ~
msy operste IN inst vay, however, 20 ease
tho burden of the debt-payink class, Or 20
appear - 70 do. bat II " stimulates ~
pfice Of domestic commodities = VII ~
qniTe more cApit.i Or cfcdits g 1anslsl
commodities q The enhanced price and
thus increase tbs demand upon bankers
ard others Tor the neEotassaon OF crcdIa
n demand
Of credits viii hAve Tor tfs nIumste enees An
enhancement OF the reae Of interest. ana
thus il the present debt-peyef iounu -
somewhat easier - pay the debt ne woula
md the diflIcuify Of carrying = increased.
II will finally result. think, ~ the ae-
rangcment o. orr commerce ana ID n ne
boarding Of gold ana premium upoa goau.
IL II thought that bankers have pecuniary
interest tn MAINTAINING tne gold st.ndafn.
II makes no more d1uerence " " tuaa 70
the com munity 10 general Wnst knna %
counters are used IN enscting setuemenss-
The final purchasing power OF the money
Ne earn - result 81 prosecuting our bnsi-
meas and which comes % Our stocknoiaers
In the shape OF disidends y the important
point Tho difference 20 the BANKER - no
greater and - 0f the same KIND tnat II
makes r. The waEc-vorker himself.
Charles GOunselman--l believe In tne
Tree coinage 0f silver. beiieve y can 10
inside 70 hoaf on aper with gold. We nave
not today one-hsu TIE money We need 10
carry on hustnesa Win. Bankers oppose
more money because they want 70 get
higher rates Of interest Tor what they nevs
got. Our circulating medium does no De-
sin 70 be large enough. Look q France.
with silver currency equal 70 70 Tor each
person. while ~ have put ~ BANKERS
predicted the same dire consequences from
tho Bland bill. but We have gone on abso-
~ a4e q
vef il bsing coined. The great wisdom Of
these wise men told US We were 20 nave
financial paniCss but ~ had only prosperity.
IL will b tho Same now.
An Ofilcer a the Union NATIONAL bank
] look upOn the Tree coinage OF silver or
stipuiatod increase IN silver coinage a. psf
uictoua. The reasons nave 50 often been
set forth In interviews and leaders that Il II
not worth thu while 70 take the time % 80
over them. But they are potent, indeed,
and the people of the United States will
some day md that out. The banks are
frequently charged with opposing silver
from selflsh motives. Nothing can Be
further from ne truth The banks form
no monopoly Of gold or any other kind Of
money. They are simply custodi-
ans Of the peoples money.
Ii Il the peOplo. not the hanks
that will suffer. II IL fact that . depre-
ciated currency initiates prices and artifici-
Ally raises values. The banks would gain
rather than lose. Especially the banks
doing . foreign exchange and invest
m<nf business would gain because the
premium on gold would tend 10 their
benefit. III banks and bankers advocate
The cold sta ndard they do IL from . patri-
oslo sense oil duty.
EGG. Keith, president OF the Metropoli-
tan National bsnk--l look on IL IS wild
Gnanciering. | think il means that we
will have premium on gold. Ii would he
Z national calamity for that bill 10 become
law. Ii would Be O. bad as 10 return TO