The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-16


- -
aOSAL A
liz IA fatsesssing fact shas the cause
q inteSnasionAl bi-mstaslism includes q
nnmber u sminent Englishmen among Its
NON sdfpsst eAampiona England was
~ art coustsy 70 ensct, in lafs, sdefinise
~ Of ire coinage Of both metals at e
Ased ratio. i3k 10 1. and legal tender, bu,
whiss the ratio in Francs vas lower thar
tnis bssng under Is to l. Il Was inevisabI.
tAat Ensiish silver OF fall weight shoul,s
b sxpoetsd, the various attempts 70 cor
ret The ratio being either insxsct or
countsrscssd b. changes In France, enc;
"a consequences gold beesms the chlet
monsy In ussin England.
Ii i754 lsw vas passed in Eusisnt.
thas silver coin vas nos 10 be legal ssndes ..
ebovs the value Of x2s. though uncoiness
Silver vas legal tsnder 70 any amount.
This vas in consequence Of the worn con-
dition q the Silver coinags and in no way
shsossted he bi-metallic Law. In IT'S
sflvsr coinage Vas absolutely suspended
hut this suspension did not in practices
aheoeats the bl-mstallie Law. for the aus,
psnsIon Of cash payments took place the
xpee before. France in l7sS adoptess
shs ratio Of ISL TO 1, and this
ratio Us rs-enseted By Napoleon In ls0..
This would, - Ear - Ensisnd and France
vsfs concerned. have formed in facs,
ehoaeh Without csnesrt, : bi-metaliiv
union, but ii the psriod Of war which,
pssvalled betwssn England and France
nom IN 70 ISIS nobody conld psrcsivs
ga appsoeiaeo the heusAesnt change
which would havs bssn brought about III
removlng the induosmsnt to export one
netal raGhsr than the other, q was dons
be1ors France adopted the English ratio.
An eminsnt English bi-mstallist, Hsnry
Huckss Gibbs. ex-governor of the Bank Of
England, rscltos these Interesting mons.
tasy facts ana oays thatit Vas moot d..
plesahle that q the resumption q cass,
pAymsnts after Watsrloo esye Eneiap,s
peass that ''the wholly Unnecessary step
should have been taken. In the act Of 1919
al adopting single eold standard -uuuecs.
sesasy, becaass, II gold we're desired. roll.
would bsccms the chief money OF Enslan3
By the natural action OF trade. u,,.
impedsd By the bi-metallic Law. ana,
pssiudicial, because Il curtsiled the libert,,
Of commerce and broke that union vh,es.
The laws of England and France. enactsa
INDEPENDENTLY. had brought about -
when France. In 1919. took independest
action and suspended the FREQ coinass IL
oliver. her action. in the Judgment Of NJ,
0ihbs, affected not only England and sb.
United States, but the whole world 81
commerce, and .ths evil effects eou,inn.
with Increasing force. to this dav."
Thu Unitsd STATE. h.v.p In ,-as III. AZ
ratio Of lsts 20 I. which wn. IN. r,.,M,
proportioni and Il varie.i IN. ,.,;, 60
eims 10 time. aiwav. Nth IN. .o.,.
causiur nov cold. nov .i,xer to \.
norted according a. m. m. o.,h. al,
mstal IN. unsasrv.,r.a ~, 81.
iaw. A. nres.ct m. r.,;, a.
Yranes should r.m,xa IN. .,.,.,.
silver cosnav. ~s.ho,t ~oaa... II, a.
Hynited ata,e. .;l~a. ~oa,s ,,.,..,.,.
"a Franc. and ~,,a =. -, 80.
vsrs. -. .ur,,o.. 90 A.. I-.s..., ..-.',
A~r.,a.r,,v sh,,,,s &C.,, ~
an. a.. -
a. !. "a -.
:. a.. .-,u,. wv
un,,., o.. ~ .~,,'
A.-...s... - .s-~ :" 1870 30
a.. .,,x. ar. ~. -, se"''s'
.or~ r.,n.... .ra .at,..~ :. So ,..i !; :
~a,.h IF .;ivs, r.n,,1- ' ''' :
mi. ,.v nv ,h., q, ,s.sn - - -
s,>..urv i. ah,,ss., q, 49, . 49,, 40 - :
nj .,lxsr mo,,htx rx,a. e - -
IN treasury no,.. ,n., 80. ~, -,
sender
Mr.. Gibbs doe. NO. h.,s.x. ,,.. :.
Halted state. viii ,a,,o~ ,,u,
GERMANY and aeman.,,va nrw.r.i.
SEQ. 600 eeo of silver money ~, h.v
eumula.e.i unaer the act. Of ISIS .,s is,
since VIC ,o,,t. only do ,ht. ,.f,.I...-
greater loss than tia, suffered tx .. :.
many, bur With no sam such as tina, 49,.
vidsd By her war indemnity 70 aI q
void. Mr.. Gibbs firmly believe. in N. "a
vantage OF international concord in m..,,s
tsTy Law. lie holds that England or a.,
other great commercial country "rairis =
v,,I demand 10 have uins. nf,,.
s,.s,. n, oun .sss =, ~ - ~" H7'