The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-02

neary thirty Ounces Of silver. In ts7i-T3,
sfser the Franco Prusssan var. Germany
orgssised . nev monstasy system for
the aev German empire. The gold
stare was adopted: silver was deEnone
fiz@s the silver coinags Was called in 20
the 4Tnonns Of SIS. .060. Germany sold
neafsv 81. 90, 90 ounces Of its melted coin
age 81 . loss Of SO On. go: that il. Ger
man lost nearly 10 per cent. On its stock
Of sssver coins in placing Itself upon what
Gernsan statesmen believed 70 be . sound
monetary basis
II fsa France. Italy. Belgium. ssitzer-
lan& and Greece, composing the Latin
UnlGa, limited the coinage OF their full
deb& saying silver. and in ISIS closed the
MINIS TO the coinage Of full legal tender
siiv@r coins. since which time silver coin
are has not been resumed. Norway. Sve-
der and Denmark promptly followed the
sctien OF Germany in demonesixing silver.
adopting gold asshe sole standard of value
and making silver subsidiary or token
mesal. In 1875 Holland closed its mint to
the coinage Of silver. In 1875 Russia pro-
hitAsed the coinage OF silver save for the
Chisese trade. In 1873 Austria Hungary
ciosssd her minis TO the coinage OF silver
for individuals and has since adopted the
sois standard. and in March. 1880, Rou-
msQta adopted the gold standard, selling
Is, ~. 90 Of francs as bullion at heavy
ioss
Ts4is movement against silver began -
sarsy ~ 1915 with England. and was next
sdos:ed by Germany nearly sixty years
latsF. These two countries. representa- &
the highest civilization and the largest
cons nercial pursuits. we're the first 70
sdops the gold standard and were followed
By she rest OF Europe. How utterly alb
surts 70 describe this evolution from sill
Yer 10 . gold standard - - conspiracy Of
Europe and Wall street against the silver
rsIesblics Of American" When Alexander
of u assia in $4,000 freed all the serfs OF
his empire was his act - conspiracy"
agssast the slaveholding republic Of the
United Ststesf
Tie real reason for the disbursement
Of silver 10 found in the immense sxpan-
sicn Of modern commerce. requiring very
largo payments in the settlement OF
bassnces and necessitating the use of that
metal containing the greatest value in the
least bnlk. thus making gold the money
Of commerce. In the United States gold
w.a practically made the standard of
vaI4e in 1884. and from that date to 1878
gold Was our only metallic currency. In
1872 congress abolished the silver dollar.
q practically obsolete coin. only 5000, 0U
OF ahich had been coined since 1870, and
gold was legally declared the standard Of
vasas. Up to 1878 the drift from the
silver 10 the gold standard had closed the
mSs.ts OF oil the great commercial
coentvies Of the world 10 the coinage of
full debt-paying silver and gold was the
recognized measure o. values throughout
this civilized world. Only India, Mexico.
Japan and . few South American coun-
tres coined silver. In 1878 the United
States took the first backward step In the
progress of civilized countries from sill
vey to gold standard and remonetized
tbs silver dollar which was practically de-
meastissd in 1884 and legally in 1873.
in fifteen years under the Allison act Of
1s5s and the Sherman law Of $50 We have
accumulated 900 ounces of silver,
cossing So. 0OO. 900. and have injected into
orr monetary system over 4l9 O0O. 900 OF
siver dollars. worth - bullion about half
thr,r face value. Silver was made the sole
staadard Of value and legal tender money
in British India in 1885. midas loss last
yaxr on exchange in paying European OBJ
lieations in gold was 81. 0oo. 900 rupees. and
Inlia has been crying for relief from the
burden growing out of her deprecated
Currency. The Indian government has
Chased its minis to silver coinage for the
pablic. preparatory to the establishment
OF the gold standard in British India.
This leaves the United States and Mexico
tins only countries in the world which con-
taue to coin silver into legal tender
nsoney. Today when barbaric India has
dropped silver. We are asked by the free
s,STer men to continue to defy the rest of
tt.a world and pay cut gold for what ex-
AAut Director Lcech correctly stigmasxes
81 "a discarded. deprecated and depre-
eating metal"