The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-11-02
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rns RESULTS or HErEAL


fuai passags Of the repeal ball expressed
the belief TRAIT the cause Of free silver was
hopeless for the fatrre If this bill became
Law. The senator from Alabama Is
sound prophet: tbs free silver senators
from the mining states pretend that they
will he able TO make IL the burning issue
in tns congressional elections Of 1894;
that the "hasd fimes." which they con-
fdensly predict will be sscrihed 70 the re-
peal Of The silver purchase Law. and that
che people vii therefore vote 70 upset the
friends os repeal.
Thls 10 absurd. We had financial panic
and complete business prostFation before
the president Summoned congress; In
deed. this situation followed sharp on the
failure of the friends Of the president TO
secure repeal OF silver purchase before his
Inauguration. The refusal OF the Demo-
Gratis in the last congress TO listen 10 the
warning voices Of the sound hnanciers Of
their party precipitated tho panic by shak-
Ing the confidence Of capital in the Demo-
cratic party. The people know this. and
while they know that 'shard times' are
not over. because the Democracy are sure
70 dabhIs dangerously with the tariff.
nevertheless the people know that repeal
Of the silver purchase Law 10 indispensable
10 . return OF confidence in credit and tbs
creation Of sound currency.
The people know that repeal viii not
open factories closed By the threat Of
Democratic revision Of the tariff: IL viii
not restore wages reduced by the prospect
OF . Low tariff. but repeal 10 indispensable
because nothisg short Of repeal viii re-
store credit in future values and contracts.
Capital neither In America or Europe will
Ell the veins and arteries Of cur business
life until this ghost Of free silver coinage
L. finally laid. as in orr judgment IL will
be when the silver purchase repeal bill be-
comes lag. The threat Of free silver
touched the standard of value and all
values fell: the repeal of silver pur-
chase dlsposes of that threat Of our
ultimate fail to silver standard,
and salces are restored to position
Of security. We had TO iegin right there;
We had 20 begin At the bottom and lay
this free silver" ghost before public con-
fidsncs ~ the soundness of the cnrrency
could hs restored. The people see this
clearly today; thousands see il that did
not perceive IL year ago.
A year ago tho Democrats In Kansas and
Nebraska Endorsed free silver" the Ne.
bsasks Democrats repsdlate IL today. and
for the fret Tins ia four years Demo
cratic convention IN one % the most popu-
ioas counties IL Kansas voted down free
coinage resolution and Endorsed the pres-
dents views. Even in the south there are
signs Of a change. The Charleston, s. C..
Chamber OF Commerce urged the SEN
atoFs from that state to vote for re-
peal. Tbs Montgomery, Ala, Advertsser
is confident that the people OF Alabama
are with the president on the question OF
silver repeal. 'From all sections OF the
state. !" 1t says. ''the Advertiser receives let
tiers Of encouragement of It's course and
regret that = majority Of our representa-.
lives and cur tao senators should have
placed themselves in opposition 10 the
efforts Of tie Democratic administration
20 carry ous The Democratic platform. -
The boards Of trade Of Memphis, Nash.
vile. Norfolk. Richmond and Charlotte
n. e., passed resolutions urging repeal
The leading cities Of Missouri urged ssna
tors Vest and CoekFell to vote fo- repeaI
The Democratic scnstoFs from Missouri
Tennessee snd Alabama are clearly mis-
representing tbs majority Of their Demo
cratic constituencies. just as Brysn O,
Nebraska did. in order to eonciliata .
minority Of Popul!sts
The free silver advocates la congress.
therefore. will not succeed, even If y,
have 'hsrd times' up - 1894. in makinr
the people believe TIA; the repeal OF th,
s0ver purchase Law caused IT, The people
have learned ; good deal by the Object
lessons Of disaster that foliosed the fail
ure Of the last congress TO repeal sslvs,
purchase. they have learned good deAl
by the debate in both houses Of congress.
and they know perfectly well that tho ex.
seation Of the threatened radical revision
Of the tariff is sars 50 cut down wage. and
rednes The working forces Of factories
Nails. etc. and thus create ''hard times ii
There will very likely bs hard tirnes"i \
the Democracy dshhls vita OF d.sorrsnIy,
the present protective tariH. but the PEG
PIE know enough not 30 hold silver rnr
chase repeal responsible Cor the inau.tr.sl
consequences Of = revolutionary tarle
policy IN the name Of ''reforn"
With the fnsi enactment Of the rvpeal
bal. therefore. Ne believe shege viii be Nd
more eontesss over free eoinsSs or ove,
new purchases Of silver What should Ia
the ultimate disposition Of orr stock On
hand will doubtless lie the snbjses Of Do
hticai controversy. bat that Is a minor
matter. Germany has q very large stock
~ silver On hand that she would Ike "a
get Tia Of. aud SO has France, Austria. Bel
gtum and Holland. Had we ever enacted
Zee silver coinage they would have
dumped 5 good deal os silver uron the
United States. Fssm the present outloos
the chance of these countries doing this il
gone. never - return.
The country Is new GEes TO take CD tbs