The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-29
SEATTLE. TUESDAY. AFRO. 20.
4 GREAT VICTORY FOR PRAC-
TICAL BI-MErALLISM.


The Wilson repeal bill passed the house
by 100 majority: the 16 TO amendment
was defeated by i0o majority. This was
the test vote on the question of free coin
sge. The vote on the question Of free
coinage at ratio of 20 10 was quite as
decisive. OF course no logical advocate Of
free coinage at the ratio Of 10 TO / would
vote for free coinage at an increased
ratio, for the moment he did that
he abandoned his whole case, as Bland.
the free silver leader, always admitted.
He said be was fighting for the dollar at
the old ratio--the dollar demonetized by
the act of 1873 He vas not fighting for a
larger dollar, so that the true free silver
men made their fight on the 10 TO
amendment and cared nothing about the
higher ratios, knowing that under their
argument II free coinage at the ratio of is
10 Is not defensibls, free coinage at the
ratio Of 20 to IL not defensible.
The victory for sound money is substan-
tial and Is not q partisan victory or q sec
tional one: IL Is a patriotic triumph; q
majority OF the Democrats voted for free
coinage. and a large majority Of the Re
publicans: the superior brains and learn
ing OF both parties and all sections voted
against free coinage. for the votes against
IL included not only all the eminent Re
pubiicans and Democrats of the East, but
such Southern Democrats as Brawley of
South Carolina. Catchings of Mississippi,
Breckenridge of Kentucky, Breckenridge
Of Arkansas, Clark Of Alabama. Carruth of
Kentucky. Cobb Of Missouri. Crane of
Texas. Cooper of Florida. Davey of Louisi-
ana, Gresham Of Texas, Mccreary of Ken
lucky. McCuiloch of Arkansas, Meyer OF
Louisiana. Paschal Of Texas, Russell of
Georgia, Tucker of Virginia. Turner of
Georgia, and Washington Of Tennessee.
The Democrats Of the great middle
West ell voted against free silver: aud so
did the Democrats Of the so-cailed border
states OF Maryland, Virginia, Delaware
and West Virginia. The Republican votes
for free silver were mostly from the Pop
ulist state OF Kansas, outside of the states
where mining interests might be pre-
sumed 30 procure mistaken votes for free
coinage. We say mistaken votes advis-
edly. because in our judgment the vote OF
yesterday was not victory for mono
metallism, but victory for bi-metallism !;
for the only practicable form of bi-met-
allism-international agreement as to ra-
ito of value between gold and silver.
Yesterdays vote was really money ia
the pocket OF silver. aud we shall not have
TO wait long for the silver producers OF
America TO admit t. A victory for free
silver yesterday would not have been
victory fer international bi-metaIlism.
which Is the true salvation of silver as a
money metal. bnl IL would have been
victory for simple silver mono-metalllsn
for without international agreement this
Is exactly what bi-mctallism would be-
come. How could i, be otherwise? Sup
pose we had enacted free coinage of silver
yesterday at the old ratio Of ii TO or at
the higher ratio of ~ what would have been
the result finally, assuming that il had be.
como q law7 We should lose our gold at
once.
Congressman Bartlett. = Democrat, an
The sis7. COO in gold coin and gold
bullion in the treasury would be immedi-
ately drawn out and gold payments would
be stopped. Many. il not all. the BANKS
in the country would suspend payment.
All oar securities held abroad would come
tumhling back. Every one would rush in
panic-strieken haste TO exchange silver for
gold. Coined silver would he poured in
. from India, where 81 so, 900 600 have lust
a
has already dealt its paralyxing blow. aud
the uneolned silver would pour in from
every country in the civilized or semi.
civilised world. We should he compelled
90 buy gold to settle our balances. as we
did during the evil war. and INSTEAD Of
having lost so. GOO or So. oso. Cso within
thrve years Ne should lose hundreds of
millions of dollars within few weeks
Let II not be forgotten that all the able.
intelligent Democrats and Republicans
who have Joined hands in refusing vestsr.
day is vote for free silver, have been con-
spscuous bl-metalllsts ali their lives.
Senator Merrill, Of Vermont. in his great
speech said thar Mr.. Cernasehi. by far the
sblest b,-mstalsis; that has ret appeared.
has always insisted that IL Was only n.e..-
sary Tor the United States for the time In
cease from coinsns or from purcha,lnr
silver 10 bring European nations 90 A
proper and Just international arrange
ment by which the general us. Of silver a.
ga integral part OF the money in use
among leading nations would be speedily
contaminated. Mr.. Morrill, further posntea
out that
"Noi a senator who will vote "a r~nssI
that law Will do st ~ a gold mono. Yaega.lt~t
The rng ecss and efsecs OF the Fepeai vii
be Ia keep la circulation - much saver a.
ever. and - have enough gold keep.nr
company With q ~ maintain the pas5sv of
tha tso metals. The repeal IS the onlx
lever BY wAich bi-metaliisFa information
ally can 10 xecure3 Thirty,shrve wears
sgo the yearly Production Of silver in ths
United states amounted 70 only $iss1 90.
eut IN ists tt amounted 20 S.nua times shat
sufa. tAe SILVER eytsem ssss now demand
thas t6e United States shaft net only take
ard pay for she s8oie Il gtssS vsss irc~~a~@
hat 80 ths Vasus}tou 0f thlrty-shree wears
$50. ana Nlig noE even aid in onenfnv the
NsS tor largely Increasing the demand Tor
sltVer ty n1Aktsg II the aageress ~ mauv
sa'.ehs - eo-operafe n a hi-r.esalltc
standard tor lss use =