The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-07-29

:
erin has iscseased q. ID 90: silver eeStif-
ess4e have Increased $40 81. 0p, while
gasd has Decreased S5O06o. 0OA The
sssouns IL specis exports Tor the yeaT
ess1ted July I. 1aza. wao &83.34l. S8; Inn
psssts. es.0ss 80. excess Of exports. $s5.-
-. 9la The exports Of merchandise for
4zs 90: imports. 90Sl On. 90; balance
AGAINST us. "a. .0m We exported but
81. -, 9t5 Ia specis moro than Ne inn
ps-sed. being III. -. ft5 lsss than the bal
>aaas Of trade against us.
IN Engtsnd money 10 abundant and
eis~ap. and ordinarily seeks investment
hess; bat for some reason sincs le50 they
hare besn returning our securities. Upon
tssa whole. u 10 quite rsmarkabie that With
tbs attacks OF the GrsenbackerS and Pops
Lists upon our finances the credit OF the
nssion 10 - rood - 10 -. No doubt the
fact that the two great parties have ~.
sssived 70 pay our national debt in gold
cssn hes assured our European creditors
tizas Ne will do 20; bat, owing 70 the con-
tsssoed agitation Of the financial question
b. our people. IL hes becoms quite uncsf-
tsssa what viii b done. hence there 10 .
lsSk Of confidence in Europe ~ 70 whether
-
ash the result has been that they are
tsEing their funds home. II cannot b
cisYrgsd TO the balaucs Of trade against rs.
fos, - above shown, from 1850 90 and i'm
cis.ding is8c our exports Of merchandise
exceed the imports by &957, 95s. COO. ana our
exports OF silver exceeded the imports
Sis rs. co.. Here vas balance Of trade
ip our favor Of s.. los. 7u6. 90. Notwith-
IL 6A i'd
psS.s Of gold coin exceeded our exports
oa.y 81. 402 600, hence from 1850 TO July
I. sssg, there must have been sent home
fef payment over 81 00O. 0D 900 of our Sc
cssyisies- This certainly indicates . want
o. confidence in our finances on the part
OF our European creditorx- And had il
oas country and the enterprise Of our
pegple the nation would have become
Bankrupt
Tor some years our finances have been
madc the shuts.ecock Of the great and
se.ail parties Of the nation, and neither at
hssns or abroad has il been known just
s.ers the cock" would land. II 10 diff
cast 20 knew what either Of she great par
tics vii! do on the financial question.
y Ellie the SUCCESS Of the Popuiists would
isshs IN huouCs8A ruin. AhS sOt va 1910
nssde silver . legal tender for all debts.
pt:blic and private. but limited coinage to
;ninimum OF SIS. 90 per year. while
tiys Sherman act expanded it to about
500 900 per year. This unsettled the
Whole question. and the question Of our
c;ssditors -, Can We Be trusted and no
doubt IL 10 with them . most important
caestion.
In July l, ls82. Ne had in the national
treasury 10 silver coin and bullion $44S.-
~ 900, and silver certificates in circula-
t.,fn the sum Of $326. 6A5 900, leaving some
&yl. 10000 Idle. But there Was In circula-
tts'n in silver coin only about $12D. 000, 90.
sever dollars circulate bus little In the
East, but on the Pacific slope are used for
al sums under so. For the next ten
years an average circulation Of u. 500, 000.-
Gss9 will b ample for our people. We now
kavs in the treasury and among our peo-
bss over 500. co., 90 gold. and fully $780,
Osb.000 Of silver.
The true financial policy 10 for the ma
tom to furnish the people the whole circu-
ls.ing medium. We have now national
bsnk notes, say $lS0. 900 90: greenbacks.
$s;O. W,00u. Among our greatest indus
tees are those Of gold and silver mining.
We produce annually. say in gold, $685.
Gs,J, 900; in silver, 5000. 900. We export
domestic silver coin and bullion about
so, 600 60 per year. Now whv not solve
tsis financial question in the interest of
ssur people on the basis Of Q bi-metsllic
currency in this wise:
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