The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-10


senate. for the purposs Il 70 adjourn from
tomorrow till Monday.
Immediately after the adjournment Of
The caucus German called into consnlta-
ton Senators Blackburn. Gray. Ransom.
Voorhees, and Cockreil. Although Cor
man had not made his appointments at
Ne time at the cOnsuitation. their pres
snce gave color 20 the expectation that
ehey would b named ~ msmbsrs a the
concus committee tomorrow.
1x0LIsu PRRss ON MESSAGE.
Uaaainsss IsAsrssneas - sAe Prssa-
de0S Peeissoa - silver.
LosDoS. Aug. 0-Ths following are
some Of the comments on President Cleve-
lands message By London papers:
Daily Graphic. "Yesterday's proceed
ings in the United States congress and in
the house Of commons ought 70 BE- read
side By side. Cleveland's striking picture
Of the evil wrought by free silver in the
United States constitutes IN effective
answer 70 Chaplin's economic fallacy. Il
passes the human comprehension that in
face Of the change Of policy in the United
States English o.-mstallisss should advo-
cate . return 20 tree silver in India"
Times: ut may perhaps b thought
that the president, % the head OF his
party and on the eve Of . party fight. 10
not likely 20 underats the cause for action
which his marty contemplates, but IL 10
diGicult 70 convict him Of exaggefation
IN the face Of the daily returns from
American advicss and exchangsa No
permanent improvsmcnt can b looked
Tor until congress ahandons the task Of
attempting 70 maintain N artificial ratio
betueen silver and gold. II b one of the
0ysieriss OF politics how comparatively
small body Of men has succsed In dictat-
Ing the financial policy OF . great nation
Tor it, own ends. President Cleveland b
manifestiy doing everything possible b
teTminsts the evil. but the silver interests
ars certain TO make . tough fight II is
not easy to predict the precise Issue of the
strusEis."
Hsa: "Amsrica cannot we'll stop q the
repeal cf the 6lssguian oct. Tho fe4
throws out no suggestion. but some action
h certainly necessary. lt il probable that
the problem which the United States has
70 solve may lead, not to bi-metaliism. but
to more mature. unbiased consideration
Of the possible uses Of silver. Al part Of
the worlds currency the metal cannot b
demonetised with safety, and II. through
America, some method for its moro sx-
tended employment may b devised its
benefits to the world would b Of suprsms
importance"
Daily News: ''In frmness Of tone and
incorporating thoroughness Of policy
Clsveland's message will fully meet the
expectations Of the country. Chaplin's
and Balfour's arguments are practically
answered from the other side Of the
Atlantic. The president lets the
fanatics down easily, suggesting that,
although perhaps . larger placs 10
claimed for IL, the uss Of silver In
the worlds currency may be brought
about by general international co-operA-
tion. The United States will not gain
hearing whist trying 70 bring about the
result singlc-handed. What our BIZ
metaliists will say OF this terrible exposure
OF the failure Of the great bi-metailic expsr-
iment. we need not attempt to forecast
II viii probably exert great effect upon
the wavering members Of the United
States congress and bring about the CON-
plsts repeal which the president advises.
The president and congress can only re-
move the original causes of the imitation
ton which led 20 the present disasters.
The latter cannot b immediately RENE
died By congress. The panic Of 1873 was
followed by ave or six years OF depression.
Unless matters grow much worse than
now the present panic ought not 70 have
equally severe prolonged effects-"
Financial Nrws: ''Cleyeland's plea for
the repeal of the Sherman act 10 virtually
unanswerable. The question whether the
stoppags Of monthly silver purchases
would Immediately end the crisis II not
easy 70 answer. We are not inclined 70
reply off-handed In the affirmative. II the
American people show ~ much faith in
their currency when watering ceases -
they did in the first two years Of silver
purchases. the effect Of the repsalinR Of
the sherman oct may b immediate. There
10 more reason for such faith now than
three years ago"
Standard: IF international bi-mstal-
fism has not been brought about, the rsa-
son 10 the balance Of sdvantags. OF disad.
vantage, Vas dead against It. An agree.
msus 10 keep mp fixed ratio between the
two metals would certainly do much
mischief. The latest chapter Of transst-
lantic currency trickery may b read In
Cisyeiand's message. Therein he eets
forth in terms the substantial accuracy Of
which cannot b contested. the confusion
into which the indefinite substitution Of
boarded silver. always depreciating In
value, for . comparatively stable gold
coinage, has involved all transactions Of
which credit il m element ThouRh
ws do not expect bi-metallise 10 agree With
N, u 10 infinitely safer and wiser 20 let
the metals ind their own level. and it -
hopeless. BY any artificial or arbitrary
system. TO give permanently to silver .
vasus in exchange largely exceeding its
value - determined by the cost OF produc-
tiOn. Ii win truly b. said that Cleveland
Eliminates against silver legislation be-
cause he owes his election largely TO the
snti-siiver party. but the fact remains TO
be explained Why the community which
has had . long experience Of the practical
effect OF the artificial appreciation Of sill
yer, declared ct the polls against the party
committed 70 the continuancs Of the sx-
pertinent"
Dsiiy Teies,spk: The Presidsnt's nss-
saes IL . SINKING document. and aop
straight to the root Of disqu;ss. or staRnsr
tioa existing In America Assuming shst
congress viii hasten 70 repeal ths Shes-
man oct. is h perhaps - wesi. in the in-
sersss Of 6nancial stability evsry where.
that the disasssoos expoTionco he's boen