The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-07-28

asssssss blssnerskiss bottonsd on false
hoses. let us take the shioboicth Of ali the
dishonest. Wild money parties that have
psssned this land from 1874 to the present
vrysine and examine II and what do vc
fnsg We End the assertion that cheap
mesey and plenty Of IL makes good
tirz:s:s that is. general prosperity for the
grss.est number. This assertion. which
haa:been accepted as an axiom by the
''wssd money" folk. II IA absolute false
hos=3: IL il . haId-headed lie. utterly OUT
wcsa among men OF the slightest cardor and
ipSesiiigent reading. There never has been
. sSme In the worlds history when the
mex,ent that 'cheap money and plenty OF
IL passed from mere shibboieth into .
realty that il did not mean lowered wages.
meaired savings. general distrust and
fms panic. We have had fifteen years Of
persistence in this policy Of cheap money
ant plenty OF II, " and We arc only meeting
tot'sy that rctribution which the trained
I'll. ncsers Of both Europe and America
tots N was inevitable when our first steps
toeard deprecated currency were taken
In !issa At the very beginning Of our
silver iegislation the expert economists Of
bosh Europe and America predicted ex-
scs.y what has taken place during the last
yssr.
cake, for another illustration, the Popu-
lis: cry about tho crime Of 1873, which
IL described rs a deliberate attempt to dis
cr.;linats against the debtor classes by
tbs creditor class. Here We have another
instance Of faisehood doing service for
tes years - fact As matter OF fact.
wi<sn the commission began their investi-
gstson. which led them ~ early IS 1863 TO
rea.,mmend the demonstration of silver.
had no silver dollars in circulation be-
css.se they were worth more in the melting
pcathan they we're as currency. In 1853. in
ofsssr to make our half dollars and quarters
staY With US A subsidiary coinage. We
haf to reduce the amount Of silver in these
ccsas. We did not do this 70 our silver
dossar. % tina. 1t dcmonetixed itself prac-
tiesiiy 20 long - It was worth more to
mat - bullion than 1t was as coinage.
Wssen the act Of 1873 was passed the silver
dessar was worth more to melt than 1t was
e circulate and SO Of course its demoneti-
xsason was no part of any conspiracy TO
d i~sriminate between the debtor and his
geld bug" creditor. Nobody knew that
siiser was going to rapidly decline when
Ia ietD the act was drawn that was
pegsed in 1873. The silver dollar was at
premium and had taken 20 fight. Even
II sse had known that silver was about to
rohidly decline its demonstration would
hare been wise thing. for the demoneti-
xssion Of silver by Europe placed America
~ gross disadvantage. since without the
aeE Of 1873 We should have been caught
wish free coinage of silver ct the old ratio
Oh falling market This would mean Of
ccssFss the purchase Of the worlds silver
n price above the market by the United
Sssstes.
isow here We have the simple historical
fses that silver was not demonetixed In
Isss - part Of conspiracy of creditor
cissses to get the better Of debtor classes.
assa yet for ten years past thousands Of
frs.ly honest but ignorant, non-reading
Americans have grown purple IN the face
oTsr the great crime Of 1873" Gov. Pen.
naser. Of Oregon. continues to grow red in
tbs face over 'the great crime Of 1873"
ASA the silver states are shouting it as a
war cry today. Nevertheless, instead Of
",ae great crime of 1873" being histori-
cas fact, IL 10 a historical faisehood.