The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-10

Tn proposition 81 Senator Vest % pro
NJ ~ the continuance II the coinage u
sllv6ssoW bas,s II - - I u utterly nm
soun!. ~ u falls 70 meet the necessity Of
~ sStuesion. The production Of SILVER
has EscrsAssd enormousiy within tAirty
ysasss while ~ FREE coinage - fall legal
Sende, money hes bssn dropped By the
leodhss nations Of the earth. England de-
ncnetised is ID 1915. and within the Lass
thirty. ysass oil the great commercial na-
siess 81 the earth have followed her q.
eapif
The enormous increase in its production
and Us disuss by the commercial nations
ofthsisarth have lowered the price Of sii.
~ bslsiion from ti.s2 an ounce in 1873 to
zo<s,E cents IN ounce today. II would
~ a5aurd 70 Is the ratio today At % to !;
shs tsss ratio IL nearer 20 70 | than 70 70 L
a msSa which has shown such fiuctna-
stoa Is prics - silver has since 1878 u ,
snstels that has como 20 b discarded -
soil tsksi tender money and dsmonetissd
b. thx world. II can only b. restored 70
ito oit standing By the united action Of
ine aria dsmonettsing Il.
Thsssrror Of the United States LEE In
ear atsurd attempt 70 maintain the double
standard independently against al com
xnssciA Europe. We may bring the CON.
nsefciM world 10 our views and prevail
upon Asf 70 enter into IN international
eersssAsnt ~ 70 new ratio of value b.
twesnseoid and silver. but " cannot afEord
% mrintain free silver coinage against
sAs ssss Of the commercial world, and
no ss-eoinaes Of our silver 1t
~ rssio Of - 70 or any other ratio wouId
help M oss Of our diaaculsy. % Ions = ~
Dsssas:: In our present pernicIous policy Of
astsm; ,ting TO hold silver up by the tail
aeatnaA he whole Of the commercial world.
Until ~s can make silver practically inter-
nssiossal money BY IN international ratio
adops4d b. bi-mssailic union the rscoin-
49, &c our silvsr q pew ratio Of 70 70
would not cuss our trouble. Suppose
when ahs Sherman oct 81 July. lsss0. Vas
enacted Ne he'd provided for new ratio
efptci; ~ wouid only have made our dol
lara b:sess and moro cumbersome than
they are now and found our silver
% DEPRECATED In value withis thrss
year that according 70 the logic
Of our nrst rscoinaes ve should now be
ready ;or another. Unless No are ready to
take or place ultimately among the silver
stsndss.d nations of tho earth Ne cannot
AFFORD Sto fool any longer with the silver
purchase and coinage policy that We have
followed tor fflsen years past. There b
no rel,sf for the present situation IL .
change Of ratio. except IL wsre adopted By .
bi.metsllie union Of the United States and
tho great commercial nations Of Europe.
Single s,andsd our bi-mstallic policy 10 alb
suri. President Cleveland u entirely
sound when he ssys:
III, 80 many Of its friends claim, silver
oashs % occupy larger place In our cur.
reucy ana the currency Of the world.
Through general International co-opera.
United States will not be In . position TO
gain q nearing In favor Of such IN arrange
ment 80 long ~ We are willing 20 continue
our attempt to accomplish the result ain
gls-has- ded. Possibly II the undertaking
We have In hand we're the maintenance OF
srccs. SIC and known quantity OF silver at
parity: with gold. our ability TO do
30 miEat be estimated and gaugcd and.
perhaI-a In view OF our unparalleled
growtb and resources. might he savorabiy
ssedsupon. But when our avowed en-.
deavoe IL TO MAINTAIN such parity in re-
gard &, "a amount Of silver increasing ut
the ratss of 81. Oh. 600 yearly. with no b xed
termir:atson 60 sueh increase, 10 can hardly
he sales that . problem Is presented whose
solution Is srce from doubt The people Of
the Uatsed states are entitled 60 sound
and siAhle currency and 10 money recog.
nissa sss saeh on every exchange and in
every market OF the world. Their govern.
men: siss no right 10 injurc them by iinan-
eiai experiments opposed To the policy and
rgacsiSc Of other csvilised states"