The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-07-13
SxArrEs. sarssDAg. JCLr n.


The evil In tie present silver purchsss
NV II the moDshsy purchsss Of S,So,no
ssncss Of sliyer BY the issue OF treasury
notes which are reasonable in gold. This
y practically sgssding large portion Of
our gold in the purchase Of pig silver for
which " have 40 more nee whsn ws have
purchased u m Ne have Tor pig iron or
Lad, Tor wheat or leather The present
silver Get initiates our inferior currency By
using our gold 10 bay silver bars. on which
ws issue silver papsr redesmabss on de-
nsnd in gold. OF course IL u only ques-
zion Of time vssen BY thus csAsslssssy in
nssing our silver currency in coin and
paper we shall slump 20 . silver basis with
sil that this insplles: for ws are steadily
Substituting siiser for gold By our present
pssnicious po!&y of silver issues redeem
able In gold ON demand Our gold 10
going; our silver. like the poor, will be
surs 70 b with rs siwsya To Issue gold
bonds 70 increase our gold reserve would
b absurd without stopping the purchase
Of silver. which sss pat our gold 10 flight
Surely no sane man believes that our gov
eminent ought 10 increase the bonded
gold debt Of this'eountsy in order 10 pay
for silver that ws do not want. The
simplest way 10 increase our gold reserve.
% that ws car be sure 70 redeem our gold
obligations will b. 20 stop increasing
these gold obligations through the pur-
chase Of siives that vs do not vsnt and
paying for II in new legal leaders redeem
able in gold.
This policy Of csassisssly reducing our
gold while Ne increase our gold obligs-
lions BY paying for pig silver with new
legal tenders redeem able In gold IL surs TO
bring 10 70 silver basis This policy.
joined With uncertainty - 70 the Demo-
cratic tssatnsnt Of ths tariff, has plunged
the country into . state Of public doubt.
hesitation sid distxuss which 10 fatal 70
Industrial enterprise and commercial vent
urs. Noshiag viii cure this condition
short Of The unconditional repeal Of the
purchase cisuss Of the present silver Law.
To rspeal t'sas portion Of the set which
provides saas every dollar of currency
shalt Be- maintained on parity with gold
would psseipitsts . panic. for II 10 this
declaration which authorizes the secretary
Of the treasury TO keep our currency on .
gold basis xlth al the lawful means 1t his
disposal.
II eongrsss viii simply suspend silver
purchases and the issus Of treasury notes
Il viii do tie thing indispensable 10 restore
public COT 3dsnce. Suspension OF silver
purchases 10 the one main. necessary
thing. Tissrs 10 no need Of any more cur
rency TO sa@s their place. The fall in
wheat. cora. pork and oats has Get exports
TO moving atsoaa. and these exports will
lead TO xoei imports. and these gold irss-
ports viii supply ali the needs Of currency
the sns,siss ssis government ssops issuing
gold obligations in payment for pig silver.
Stop bus sssS spls silver with psw iisues Of
legal te1'Ssrs redesmab'e in gold on de-
mand. an Ne shall gain gold fast enough
10 more team make up TO our currency for
stopping %. issue Of silver certificates.
John sas: msa 10 Jus, rigat when lie
Gays.
The rrs-s1s .sriuxsney 10 e.asei By the a,
rrsheasio'' * the mercantile sni financial
world thss ~ vii not meet our obligations ia
Gnss. has ~. Pay IN cheap raoasy 4 b<iisys
We should assse soaai, sale earreaey on Q god
easis. Als tile Erss, c0mmsrelai nations haze
tried siisst ssli have fsilsd al il The United
ksAies II t-ss at q! them 70 realize thai .sixe.
esansf b. raxis tas ha..s aud stastarc Of tho
~orsas tssnsc. III shs Coinage Of oliver dollars
were skies psi aud tie metal relesaisi To the
pssitaoa Fl subsidiary eoiasse. - in the osass
nations ~ sac Latin ussoa. The ~esla would
Aaow ths We Proposed 10 pay eGr debts in the
world. safy gnid-sad confidence would -
restored Ite CxI~sstsisoa OF geld TO Kgrops 10
Ioasht #bs.at IS lie hsiance OF srada b~aas
ssainst "a w ea confidence restored the
geld wili go :as back. II coagfo.s act. cons.ry.
oseay 81 Sfss sos so too Ias ia radical isSs.s-
t.ksss a. = 4.