The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-06-07

Preva0 Anso9 the Bankers 81 The
PaciAe Northwest
New York sun.
OLYMPIA. wash. May al send GOOD nnan-
eial news from the West Having interviewed
the principal banken in emahs. Cheyenne, Salt
Lake, Boise City. spokane, Portland and Tacoma.
have yet 70 md . banker who does rot believe
in the single gold standard. At Boise City,
Idaho. surrounded By silver mites asked the
pseetdent OF the First National hank what he
thought about senator wolcotss tree silver
ideaA
II am not talking much." he said. '.foe some
OF our customers are still wild on the silver
erase, but assure you that you will nnd no
reputable banker west Of the Rockies who Is
honestly In favor OF the double standard. We
believe oliver must take fts chances, like CORE.
iron and copper. When silver il cheap the gov.
eminent must buy 1t cheap The government
must pay tho market price for II, and no more"
dnd the silver GRACE ID now narrowed down
70 unthou4htsul miners and weak loglcians in
journalism who write to please their subscrib-
ers. The best posted members OF the Farmer
Alliance are opposed TO free silver. The tramps
and anarchists are still for free silver, because
they have IN idea that IL the government in
dorses free silver It will b freer. and that they
wiii Be able to get some OF it without giving
days work for It
The editor Of the Portland Oreoonias said:
Fourteen hundred million peop are using
silver at it market price and 6A0O0.00o can't
bull the silver market against the whole word.
The tail cant wag the dog. II costs less 70 get
out silver nov than IL used to when mining was
done BY hand. Copper costs less. and it has
fallen from 50 cents per pound to IL eenta
Wheat costs LEES raised with gang ploughs,
reapers and power thzeshers than it did when it
was sown by hand, reaped with sickles, and
threshsd with fail One man used to do well
II he made 100 bushels Of wheat year, and now
up in the Palouse country single man with
good machinery often makes from $500 to 5000
busteA Silver must take it place with wheat"
When asked M. sanford, Helena banker In
the very center OF the silver country, what he
thought about Keeping up the parity OF silver
and gold. he said:
at can't be done We used to get out SO, o00..
600 worth Of gold and ~, 100 worth of silver
but now We are getting out 5000, COO worth OF
silver. Silver gotten out by machinery costs
Gold 10 the only reliable STANDARD We can have,
In my opinion, silver will grow cheaper aud
cheaper, like copper end sine. until ws stop
mining % much
So the silly silver craze IL going up in smoke
- did the greenback erase. and - will 90 mp
Georges Chinese land tax theories aud the
silly gush of the Theosophists about the occult
knowledge Of the Aryana
asksd M. =. W. Knight the cashier OF the
First National bank Of Helena. the leading bank
oil the silver country. what he thought Of free
coinage today.
II am against the Sherman BILL" said Mr..
Knight II was silver man, and am oliver
man now. but silver. see. has got to take
stand With ether metals-iron, copper and tin,
We can have but one standard. ana that 10 gold.
America cannot bull silver against the whole
world. It cannot Be- kept on . parity with gold.
We are mining IL cheaper every year. Gold must
be the standard"
Mr.. knight Is Democrat an administration
man. and offered Mr.. Carlisle 1000, 90 In gold
two weeks ego, 10 be contributed BY the Helena
banka When Helena, Mont, goes for gold
standard the end OF the silver craze 10 at hand
ELI PxKKiNa