The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-07-06
TIE FINANCIAL SITUATION.
Matthew Marshall. the financial editor
Of the New York San. sums up the tinan-
cial situ alton N han he savs.

Matthew Marshall, the financial editor
Of the New York San, sums up the tinan-
cial situation when he Gays:
In the slang OF Wall street the financial coz
ditioa OF the country 10 describes by Aayinx tha:
"nsney IL tight There 10 plenty OF IL to be
had indeed. on cali and on readily marketable
coIlaterais. but. when 1t IN wanted for any
length Of time and upon securities that cannot
easily 10 solj. thu case il 9aits different
when. ~ people cay. money 10 tight" il
II not the money. bu. the owners of
II who thus ae.crtbed. Lenders hass
for tie moment loaf faith In the ability OF their
wouid-s. debtors TO pay their debts and look
with dissfas, aud suspicion upon applications
which previously they wonld have tavosab v
entertained. The change ia taer feelings 4.
part sad parcel of the collapse In the New York
stack market, which haa bfeush. ruin
upon many adventurous spseuators
Just - the public has passed from a
state 81 MUD IN which IL was ready "a pay
without hesitation. III. h CHEST prices tor lancy
siocSs regardless OF their intrinsic value Ia one
Ia which II will net buy them as auy price
whatever. 80 y has passed from q readiness TO
lend to anybody and every body. CA any kind o.
security offered. 10 cue IN whica IL will scarcely
lend At All
M Marshall does not seem 70 believe
that Tiers Is any reason 10 hopc for any
thing like a speedy establishment. on a
stable basis OF oar financial system. The
dsIusloa ths. an abundance If currency
means an abundant supply Of money 10
every one who wants l.. il stlli far too
prev alent - permit ot the putting
upon psre- issues Of the res,r,c-
lions which sound principle die
tatss The fundamental principle.
of finance. that an increase OF the volume
OF currency redGees its vsiue, ani that
currency of les. vslae tends - drive GU,
tha; ct greater value will have Ia he much
more widely taught and accepted than
they are a, present before our legislator.
will ACT upon them. They ,aust do what
their constituents demand, and the de-
nand Is nov. a. II Was durtac the preva.
lenee oi She gfeenhacs erase for sn aoand-
Ant suopiy al circulating medium regard
less os eonsc tueness, M. Marsha. con.
siunss;
Fortunately the country Is tteA enough aaa
siEoag snsagh ~ snierv without ssrspsrsh,e
iEiafy che severe oet srsrtDsi process q earn.
fsg wlsiem ~ sNpeFieaea Ia saet oar ye-v
suscess In rssis,inS sad ovsFeosainx TIA mis-.
eheSoss tendencies .. bal GHsaelSl aud eco.
ncmieai legislation ss.sys cue r.ugrV3. 10.
ward true sssse;a. A. ,tyoax
healthy yeaax man can tor year. dew
TIRE laws "a. Aesish and the warasass 81 his rhv.
sisssss. ssa in his sstieg. drinking, aaa cxsa,.,
81 Tito can a. with smpanisy nAay ta ags which.
scscF;.aS so rsec~tens. ought 90 kia hin. g.
We asvc been gSiax % in financial asss.ss dl.-
regarding tas sxgsrIsnes Of esasr nssons
eitAeas ss We; iaearins The natural
y~nslty 81 car ssna Rat this immunity
ssnnos - sireesssi 10 lsss forever.
Sooner ~ later sse lass al aeancs. iiks sasss OF
heath. W. viaa cate taasn.siwe,, ana ear REQ
Pc are taseiilssai saea<h, 10 may ee prssa saes
Ia assfa tsoza resaits ~ least. what tAsy eaancs
Be sanxAi BY warning sad pserseey.