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

rsE DExocEAcr sEsroxslsLE.

sRA17xE. TUEsOAY. Arc. ..
TEE DEMOCRACY RgsPONslsLE.
Young Mr.. Ecksis. the Comptroller Of
~ currency. undertakes 70 argue that the
Gherman Law IL ''shs worst and most ruin
ous 81" q Ill our silver Legislation. end
dssesibss u - bat ''shs elimination Of the
Ssss = sarichins through protective isgis-
lsslon." Ift was protective legislation, !"
vhy did nearly the whole Democratic
party il congress yote Tor the Bland bill
o. I'm. which was certainly protective"
enough. since under IL the United
Gtssss government paid every owner
Of % csnts' worth Of silver bullion
- dollar" thst Vas legal tender for
100 esnts? And II the Sherman Law had not
bssn passed. under the Biand-Allison Law
~ would b. issuing . ''dollar" that was
lsgsl tender for 100 cents in payment for
Jsss than 80 cents worth Of silver bullion.
The Bland. Allison oct. which would today
~ our silver lay II the Sherman act had
not taken IL place. would surely b more
s'pec1ecsive" than the Sherman Law. under
which Ne pay the miner only the market
prics for his bullion, while under the
Dlsnd-Aiiison Law Ne would pay him u. %
IN ounce for bullion when the market
psies ID but Y cents. Surely. Mr.. Eckeis,
the blnd-Allison Law, that secured the
eets Of the Democrats party In Isis. Vas
spr6tsesivs' snoush 70 disoount the ehss-
Uen Law.
M. Eckels = trying - shufle the re-
sponsibiltty Tor the Sherman law upon the
Republican party. and falsely dsseribss Il
- the "werst and most rutnous oct Of our
silver isgisiation." Now let NJ b square
and place the rssponsihiiity where IL b.
longs. The Philadslphia 7Smss. the abisst
Democratic paper east OF Chicago. frankly
Days: The Republicans. Il Il true. voted
Sor The Sherman Law. bat they did - In
order TO prevent the enactment Of .
frse silver coinage bill. which had alrsady
besn passed By The senate and va dan.
eerously likely 10 pass the house" Every
jntsiiissnt Republican today admits that
the sxcssstvs silver purchase 10 In part
responsible for our present troubles, and
esrsee that the silver purchase ought to
b. stopped, but no intelligent Republican
= dispoesd 10 allow the Democratic party
70 escape from It, own just accountability
BY charging the responsibility for the
crisis upon the Sherman Law. The
government was buying deprecated
oilvef Tor twelve years before the en-
ectmsnt OF the 6hsrman Law. The silver
purchase policy had been In operation
since 1873. and under its operation the
government had aiready purchased and
coined 1917 S2a 1fB Of silver before the Sher.
man Law rasssd In $50. The sherman
La r>cl.r>a IN. p..a- An...
vse ."sss"sv % sApcoaency 70 avert worse
evils IN the shape OF q free silver coinage
sc] ~ sne sherman OH Rad not passed
""eus
" Wv sne tnen eAistink bianu law would
Aavs renamed In force.
II Tree coinage had come the situation
would certainly have been far worse than
Hh today; hntf the sherman Law had
nos bsen enacted and We had remained
under the Bland. Allison Get how much
better would ws b OFT The Bland Law
required the purchase OF q minimum of
vs.uD, on worth Of silver bullion per
month, With a possible maxIm,m ri
a. nm ~, al a.. ....
Nv se'""ss ."so '"ser aoi-
ssfs. Tor "hieh SILVER certshcatss could be
tasued. The current price Of silver before
The great fall nrodneesi hv m. .s,,s,, :,
IA. -, So Is" "e"'" o'
sas'" 90 "''as % cents FER ounce, the
bland dollar being NJ par with silver a.
o. - per ounce. and the eonrariso, .ho~.
the folio~inr rcsu,.,.
Us 'se"'ss'