The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1893-08-10

Il 10 provide for the use Of the peoples
best and safest morey. n. as many Of
lis friends claim. silver ought to occupy
a larger place 10 our currency and the
currency Of the world. through grea,
international CO. operation and agreement.
II is obvious that the United States will
not be 10 position to gain hearing in
favor Of such an arrangement. so long as
we are willing to continue our attempt
to accomplish the result single handed.
LACK OF CONFIDENCE.
The knowledge In business circles
among our people that our government
can not make lie fat money equivalent
to the intrinsic value OF gold, NOR keep
inferior money on parity with superior
money by It's own independent Efforts, has
resulted IN such lack of confidence at
home In the stability Of currency values
that capital refuses ITS aid 10 new enter.
prises. while millions are actually with.
drawn from the channels Of trade and
commerce to become idle and unproduc.
tive In the hands Of timid owners For:
eign investors are equally alert Not
only 10 they decline to purchase Ameri.
can securities. but make haste TO sacrifice
those which they alleady have. II does
not meet the situation to say that appre.
hensiou In regard TO the future Of our
finances is groundless. and that there is
no reason for lack of confidence In the
purposes or power Of the government in
the premises. The very existence Of this
apprehension and lack Of confidence,
however. Is caused IN menace which
ought not for moment TO be disre.
garded.
Possibly II the undertaking we have In
hand were the maintenance Of specific
known quantity Of silver at parity with
gold. our ability to do so might be esti.
mated and gagged and perhaps in view
"f our unparalleled growth and resources
might be favorably passed upon. But
when our avowed endeavor Is to maintain
such parity In regard to an amount Of sill
yer increasing at the rate of CSC. OOO, 900
yearly. with no fyed termination TO such
Increase, it can hardly be said that a
problem is presented whose solution is
free from doubt
SOUND. STABLE CURRENCY"
The people Of the United States are en-.
titled 10 sound. stable currency and TO
money recognized as such ON exchange
and IN every market Of the world. Their
government has no right to iDjure them
by financial experiments opposed TO thu
POLICY and practice of other civiliz, d
states. nor is it justified IN permitting an
exaggerated and unreasonable one on our
national strength and ability to leopard.
ize the soundness of the peoples money.
This matter rises above the plane of party
politics. 1t virtually concerns every
business and calling and enters every
household in the land.
There liz one important aspect Of the
subject which especially should not be
overlooked. AT time like the present.
when the evils Of unsound finance threat.
en- US. the speculator may anticipate q
harvest gathered from the misfortunes of
Others; the capitalist may protect himself
by boarding or may even find prof, in
the fluctuations OF values: but the wage
Garner. the first to be injured by aepreci
aied currency and the last TO receive the
Benefit Of the correction, Is practically
,!efenceless. He relies for work upon the
ventures Of confident and contented cap
,tai This failing him. his condition Is
without dlleviation, for be can neither
prey upon the misfortunes Of others nor
hoard bis labor. Que OF the greates,
statesmen our country has known. speak.
ing more than fifty years ago when a
tearth Of currency had caused CONNER.
cial distress, said The very man of all
Others who has the deepest interest In u
sound currency and who suffers BY mis-
chievous legislation in monetary matters
Is the man who earns his daily bread by
his daily toll" These words are as per
tinent rs on the day they were uttered,
and ought to impressively remind US that
failure to discharge our duty must espec.
tally iDjure those Of our counlrymen who
labor. and who. because of their number
and condition. are entitled to the most
watchfrl care Of their government
ASKS RELIEF AT ONCE.
II is Of the utmost importance that such
relief as congress can afford In the exist.
ing situation be offered at once. The
maxim, He gives twice who gives
quickly" is directly applicable. 1t may
be true that the embarrassments from
which the business of the country is suf.
fering arise as much from the evils appre.
hended rs from those actually exist.
Ing. We may hope. too. that calm
counsels will prevail and that neither
capitalists nor wage earncrs will give way
to unreasouing panic and sacrifice their
interests under the influence of exagger.
a,ed news. Nevertheless. every day q
delay In removing one OF the plain and
principal causes Of the present state of
things enlsrges the mischief already done
aud increases the responsibility of the
government for Its existence. Whatever
else the people have u right 10 expect
from congress. they may certainly demand
that legislation condemned bv three
years disastrous experience shall be re.
allowed from the statute books as soon "a
their representatives can legitimately deal
with IL.
II was my purpose to summon congress
In special session early in the coming Sep.
TENDER. that We might enter promptly
upon the work of tariff reform which the
true interests Of our country demand.
which so large majority Of the people.
l - Il 4. - a