The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-07-02
REPEAL OF THE SIBERIAN Law.

Aiexander Well. Of LAs.sd Ffsrss. said thas
be did not :ook for any imrosts o. COLA q pre-
eat The shipment 81 . half million lot this
way. repor.s1 two days ego, did not furnish
precsdent which could b depended upoa-
"When Ne $40 exchan9e rates 60 down" b
sddsd, ~we made inquiries - % the prospects
OF importatsons- We have been large exporters.
- everybody knows. and ve should have been
exceedingly Rlsd 70 b abe - bring In god
But IN spite OF our desire TO do % Ne Gid not
End thas the sisuation justified importation
I'VE cannot have imports OF gold without
large exports OF wheat, other products, OF Amer
lean secufisie& There 10 certainly no large
movement OF securities abroad ~ present Now
and then disposition 10 manifested on the part
securities With An ere 70 the repeal OF our SILVER
purchase law. bus they are not iayAsors and
they eel ont again, juss - they have bought. Il
they see chance for profit or begia TO fear
iosat The real investors are not buying On
chances They ore waiting for The certainty
which the repeal Of the silver law VIII bring.
with the repeal accomplished, les the admin
istrssion and congress provide fox new issues
There are many ways In which il can b done.
For fnstsnce. facilities may be given TO the na-
tionai banks tor incfeasing their issues, while
II the same time means can b adopted 70 pre-
vent IN undue expansion. There 10 no need OF
res0rtiag TO silver
Of conhdence. II 10 necessary everywhere. bus
especially here in this country. where credit
counts for % much. And IL should b brought
about ~ soon possible
The right course to pursue when . man 10
sick Is to call in the doctor, and not to wait
until be il . little relieved and able TO take .
short walk in Central park. He IL likely to
come home ell the worse for the outing. That
importation OF 35oo. 001, NO doubt, viii set the
silver men to making speeches in congress,
ana VII b used o. IN excuse TO oppose the
Sherman laws repeal II Is the case OF the sick
man who has taken . walk in the pasS.
AS restoration OF confidence will bring ID
easisf times. l am very muck surprised at the
delay In calling congress together. should the
discomfort OF few member, owing 70 the
heat, b considered. IL the welfare Of the coun-
try 10 ct stake: when the fortunes Of 50 many
institutions throughout the country are COM
promised. Is seems 70 ms that there should be
no hesitation We're CONGRESS . board OF diree-
tors. u would not delay, and ~ matter OF fact
II 10 only . board OF directors for the nation.
The way TO restore confidence 10 perfectly
clear Thsrs 10 one remedy for the trouble. and
the common sense Of the people has agreed upon
1.-THE repeal Of the silver Law. Every report
Of an early session Of congress has had . good
effect
~ think the prssident should Be urged to call
congress together at the earliest possible mo-
ment. president who has always done what
10 right will not hesitate now to do what il best
for the people
III one 10 trying to save aship he does not lose
time He tries 70 get into harbor - soon - pos
sibe. The less delay there II the more OF the
cargo can b saved
II do not know that there 70 any great change
In feeling abroad. The United States has come
70 b . very great factor in the situation there.
Commercial and Anancial interests ell over
Europe are looking for news from this country.
They are not going 70 make ventures here while
We are having such stormy weather. They are
waiting and watching Tor the ending OF the
furry.
at seems to me- that lighter importations are
likely. and that with short crops abroad more
exports of our products arc probable, uniees the
banks in the West continue carrying the grain
holders and keeping the grain out Of the mar
ket II would b much better 10 Get FREQ part
of the holdings Keeping the grain tied up 10
no real service, even to the holder.
"They may 60 on carrying the grain perhaps
for . year or more. paying big interest. only TO
nud . loss In the end. Our great need just now
10 sxporta We cell our products abroad and get
the money, and that 10 just what we want
Nesr York 1tmss, JxRe s.