The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-02-09

Grover Cleveland, 1t is quite possible,
may meet the fate OF Martin Van Buren,.
Mr.. Van Buren,, an abe and upright states
faan. was elected president Just when tho
great bubble Of page. money imitation con-
segment upon an era Of insane speculation
in Western lands was ready TO burst
presIden. Jackson, Tom Benton. Of Mis-
eouri, and Cor. Marcy, Of New York, had
for two years loss 10 opportunity 70 warn
the silly public that II as time 70 shorten
sail and prepare for storm; that the
enormous iand sales and vast paper money
Issues stood for situation not Of
prosperity bu. OF Wild, crazy spec1-
iation. Nobody needed the warning. but
DR.. Van Buren, had scarcely occupied the
White House when the famous paaic Of
1851 broke upon the country. Er. Van
Buren, met the crisis for which he was not
responsible witn stasezmanIiks frmness
ana wisdom. bat he and his sdninistra-
,ion we're roundly cursed and held re-
spousibis for the universal disaster that
fell upon the land.
Mr.. Cleveland has been elected Jus.
wnen ID begins 70 he clear 20 the trained
business classes that it is high time 10 al
s0lutely suspend the purchase Of silver.
Mr.. Cleveland is not to blame for the pres
ent situation: be has steadily urged the
suspension Of silver since is3J. when his
secretary Of the treasury, Dan Manning.
urged IL upon congress. But Mr. Clevs-
lands party is % blame for the present
situation, for Democratic majority has
always been behind this pernicious silver
legislation since 1873, when even Mr. Car
Isle voted for the Bland act. Mr. Carlisle
voted. too. for free silver coinage January
II. 1890. II Was not until last summer
tia, Mr.. Carlisle voted against free silver
coinage.
With q party that for fifteen years has
been steadily supporting tho pernicious
legislation that has produced the present
threatening situation; with a secretary OF
the treasury that is bat recent convert 10
the suspension OF silver purchases, Presi-
dent Cleveland is In difficult position 10
secure the enactment OF any legislation
that Is likely 20 avert disaster, and If he
fails it is more than probable that his fail
ure will preci pitaie panic which would
send gold TO a premium and our treasury
down TO the silver standard.
If Mr., Cleveland falls to force his party
10 TX some date OF absolute suspension for
silver purchases. i; IS certain that We may
expec, increased lack of confidence on
part OF European capital with increased
drift OF gold from our shores and lower
prices for silver. All men of business
stop buying silver some time; know that
when the crisis does come the larger our
stock OF silver accumu!ations the worse it
will be. All men OF business brains know
that il is our persistence in buying silver
and oar accumulatious that's sending gold
abroad. Europe 10 afraid TO be found
loaded with silver when We stop buy
ing, as stop We must some day.
When our day OF wrath. our day
of silver dump comes We shall find all
Europe holding to the single gold stand.
ard. If congress once fixed date when
silver purchases would stop, confidence
would return and gold would stop running
10 Europe. II Is the threat of indefinite
inaatlon and expansion by persistent sill
yer purchases that exeites apprehension
and uncertainty as to the future in Europe.
This necessary legislation the Democratic
party will not give Mr.. Cleveland, because
It's ignorant masses rather than Its husi-
ness classes control 1t At the South, the
West and the Southwest.
Nothing will restore these silver lunstics
10 sanity short of the shock Of universal
disaster and panic like that of 1887
Something like this awaits the country if
the Democratic party continues TO be the
marty OF silver imitation and expansion.
When that day OF panic, disaster and de-
AGENT 20 a silver standard comes, what will
lie the result9 The answer 10 this ques-
ton is made as follows IN the current
number Of the Noyta Aussrseaa Retiete:
All tness people who have pat by little
money may 0as ei these ssys usAs W and nAd