The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-05-01

der these circumstances. viii efssaSe no
ventures in American prorertFas will not
purchase American securities, and, OF
course, the ultimate will o. an Increased
export of gold from this cs,unt$w. Bush
ness men of brains and inse.gigsffe know
that economic laws are as fxc9 and i'm
movable as the laws of na,uF:s. and no
stupid. crazy legislation III che sae of per-
petuating the imitation of cur saver cur
rency Will prove other than the architect
Of ultimate disaster. Whssl our securities
are bought freely abroad VS. arc sure OF
good, prosperous year. but f5reisner will
not buy our securities until thsy feel as
sured that they will not ks re1semed In
silver.
Gold is the only true STANDARD Of value;
silver is an article of commerce. the value
Of which fuctuates. The r1oss conserve
tive papers Of the East anticipate that the
end is inevitable; we shall rea.i. q silver
standard unless We stop The rs'rahase OF
silver. The Springfield Republican.
sterling supporter of CIsveland in 1884.
1883 and 1882. holds to the oI,inion that
gold 10 being boarded alreadY, and has
been 80 ever since the government en-
tered upon its pernicious pohcs Of trying
to boom silver. Even a. fas West a.
Chicago there are signs OF s disposition to
hoard gold. Gold has disappeared from
interior circulation IS if by mage" says
the Chicago Tribune. "A few iEonths ago
It was usual with the cashiers CT mercantile
houses to have gold rendered ta4sIn in pay
ment and they paid out tf;is sold freely
to employees and others. They co not do
it now. The $40 and $40 geld p!sces have
disappeared from the puhlio gszs a. COM
pleteIy as they did during the 'ss-."
The antagonism between Cleveland and
large portion of his party IN t.,@ question
of the suspension Of the purchase Of silver
is not the only cloud in the commercial
sky. There is sure to be q sitter fight
over the tariff, and until that aght has
been fought to q conclusion tnese IL Ger.
tain to be state of stagnsncy end paraly.
sis in ell producing and manufacturing
business. The Democrats, IN the apt
language Of the Rochester Foa-Exprcss.
are clearly "afraid Of their hoSyss." The
Eastern Democrats seek to Saform the
tariff and preserve protection for manufac-
lures at the same time. Any lewiston of
the tariff with protection adjus.ed and dis
tributed now in every direction would Be
sure to throw the whole machinery out of
gear, for 1t would be impossible to satisfy
both producers and manufacturers with q
measure cast on the lines Of tie Mills bill
or the recently published scheme OF the
New York City Democratic Ta.If Reform
Association.
The soundest policy fer the democracy
would be the honest policy; to stand oy
the guns they mounted or thsif national
platform; make a tariff foz revenue only,
and If more revenue Is ree.sss5, increase
internal taxation. If this policy succeeded
the Democracy would he justified before
the people, and if it cid nat work. of
course the country would 81 back to the
Republican policy OF projections, but any
policy which repudiates tie Chicago tariff
plank and seeks to enact the proposition
rejected by the convention, WA surely fail
and bring the country back e. the Repub-
iican policy of full and equal protection
for both producer and manufacturer.
With this prospect before tile country Of
long and bitter congressional battle be-
tween the president and large portion Of
his party on both the fnan.ial and tho
tariff issues. the outlook tor = prosperous
business year is not auspiaio,ts. Congress
will not assemble before September; it will
not do any thing decisive befors = ext 1ebru-
ary, and until 1t does do s9rs;ei'Sis,g decisive,
both in the matter of oar :iaances and
tariff, capital will not only keep its
money in its pocket. but i; vii; be sure to
begin to shorten sail. In tbs meantime it
is quite probable that fhere will be q
slow. but steady increase in tao number
Of works that will be forced to close or
reduce wages. The workingmen that
voted for Cleveland on tbs id.oAic assump-
tion that 1.-THE tariff ms6s no diff
ference;" that wages were maintained by
trades unions, will begin to feel the con-
sequences OF their folly in voting in
season of exceptional industrial prosperity
to reverse the industrial policy under
which that prosperity was obsa3ned.
by this time next year we are likely to
see lot Of melancholy employers and
employees forced down to n free trade
basis of production nni ssls; Of work
and wages. The outlook is cot pleasant;
not nearly SO pleasant as it .as last year
before the people voted to Unset the full
cup of prosperity that protection had
pressed TO their lips.