The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-03

lteas hsA hen today IN eonsultsston with
1he hanksSs in wall street 70 - What they
desired dons IN the present crisis. Davis
offered resolution asking the SECRETARY %
also resolve . dsts9asSon from - people
% hear what shsy thought sbouId b done.
Tbs resolution vas adopted By . unsni~
m0us vote. intermingssd with exscrsstoas
Of Secretary Carlisle for his .'bssrsyA q
silver"
The couysntion then adjourned ans d.
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TMg slLvGxITR1 PLAT1o3A-
Dssssasss shs nasks go 1ssissA. So
Oppssss Repeal u shsssaa Lav.
CuicAoo. Aug. 2-Ths committee -
sssoautions this aftsrnoou submitted .
lcsx report. The preamble rscites:
'sBs-metallism 10 ~ ancient - human
histoyy. foe Il IL certain thst for more shan
s.0nO years goid and silver came down
through the ages hand in hand. their reis-
sions having varied but few points tn aii
that time. and then almost invasiaoiy
through legislation: that both metals
named together are indissosubIy united In
She constitution Of tina United States ~ the
snonsy besss Of this country that in 1913
without the yys-tous demand 81 any POI
1ltical party o. ca part Of the people, and
without pusltr discussion, silver was
stricken from the place u had occupied
since the days Of Abraham and Pharoah,
S xi;sn ss q Tnarmsn = ". Il. stewart.
D. W. Voorhees,, J. G. Blaine, then
speaker Of the house; J. A. Garne'd
and other msmbeSs Of congress voting for
the bill, subsequently publicly declared
they did not know until long afterwards
that 20 great change had been made In
the financial system: that the debates In
congress show that the measure was
London baker. who. IL i claimed, was
cent 20 Washington City BY the moneyed
cIasaep Of the Old World 70 secure Its pas
oaee b. secret and corrupt means: that
President Grant. Who signed the bill.
declared long time subsequently, that he
did NOS know that it dsmonstixed silver:
that the objsct Of this attack on silver vas
thus reducing the price Of eli comnodi-
ties, arrsstine enterprise. lmpoverishiuR
the totisf and degrading mankind; that
sue Aufut consequences Of this oct are now
upon the whole world.
I'VE stand in the midst Of unparalleled
dlstsess. in the shadow Of % impending
calamity beyond sstimate. The ruling in.
the ara q sSis republic has been stricken
down. Property values have bean de-
streysd and woskingmsn compelled to fly
n from tho pestilence. ToiieYs number.
Ing hundreds of Thousands have bssn
thrown out Of employment 70 eat the
bread Of charity or starvs. The products
Of industries from the workshops have de-
csasss 70 b profitable. The money Of the
country. inadequate for the business OF the
land, has gravitated 70 banks, while the
people. distrusting the banks, demand
their deposits 20 hoard or hide. Mercnn-
tila houses are going 10 the wall by thou
sands because the massss have not the
msars to buy even the necessaries OF life.
The movement OF the great crops being
gathered demands vast amounss OF cur
ysncy, which the banks are unable TO fur
nssh. In the midst Of these conditions
the daily press 10 ciamorsng for the repeal
OF the Sherman act, although the repeal
means the stoppags Of an issue of s., oOO,-
COO every month. ignoring the fact that
10 hold tho balance level between the
debtor and creditor factions the supply Of
currency must increase with increased
population aud business. The growth Of
population Is IS per cent. every ten years,
and the increase Of business 10 much
greater"
Tho preamble then quotes at length
from utserances Of James q. blaine.
Daniel Webster and Secretary Carlisle in
favor Of . ni-metaIlic currency, and Of
Hon. John Sherman on the dangers o!
monetary contraction. The resolutions
then say:
There must be no compremise Of this
question. All legislation demonstrating
pssvcr and restricting coinage thereof
must be Immediately completely repealed
by the act restorin. the coinage OF the
eonn;ry 10 the conditions established by
the founders of the nation. which con-
tinued over eighty years without conn
paint of ans part 81 our people. Every
hours delay in nndoins the corrupt work
81 Ernest scyst and oar foreign enemies
IL an insult IN the dignity OF American
people, crushing burden OF their pros
rertts saa ar attempt 10 place Us again
under the yoke from which George Wash
iagton and his eofapatriots rescued Us.
We protest against the financial policy ol
the United States being made aepeaden
anon the opinion or policies OF Any
fefetsa government. and assert the powef
81 THIS nation to stand on its own Tee,
ana legisiass fer Itself urcn all
subjects. We assert shat the only remeey
for purely aetassse nnanciai troubles Is Il
opea taa minis Of the nation so GOLD ana
SILVER on equal terms al the old ratio o,
sxseen 81 SILVER TO one Of gold. When
ever silver taiiioE Can he exchanged al
worth ie eents. that moment &i2's grain,
O. standard silver will ee worth every
where else iss1 seats, xad as ca;nEnerc.
eqaaiases the prices Of all eosniuasitls
throughout the world. whenever a.,
grams u standard silver are worth Is
cents in the Unisci States. then ss wisl b.
worth that everywhere else. and eaauo
he bought Cor less White IL NAY he urge,
that such results would enhance the rFtc,
Of Silver euitsoa, 10 Is sufficient for US l.
knea that n similar rise will lie ,n sue "a
the rTsce Of every KIND Of property. excs2
EosG. and credit in . civilized aoFid hv
shaIlos, selfish caass that wcsssd deny u q
mining industries ~ the cost OF bank
rupses 20 the whole people. Legislation
To 5eatonetixs silver 10 to gre an unjust
increase 80 the vssee Of gold ~ tho cost q
The prosperity Of mankind. Wheat Ard
all ether agricultural products are rsdder
eide BY side With silver
White the Sherman act az July IL iSn
MAS \ device CT The erersy 20 prevea,
restoration 81 free coinage and 10 greatly
Questionable because continues sAs
practical exclusion q. silver from shs
usiass and reduces IL ;resa a nioasy meta
Ia . onsmeFcssi commodity, aescrfheless
.ss repeal wsthoas the restoration OF IRE.
coinage woaid step the expansion 81 our
currency required BY eur growth in rora.
iasioe and hassaesss wtssen still farther
ttss distance tstv<~n sae t@o precious
metals. saas Masking a sxtsra 81 as-mesai-
llssa faars tasacalt. greatly Increase she
Purchasing poser u Ses1, xssst ta.sAss