The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-06-23

Secretary Carlisle's recent statement Of
the silver coinage situation il an argu-
ment. Jhe advocates of free coinage have
howled themselves hoarss about tho de-
monetiza.7on and the "dollar of tho
father" s;id their desire to 60 back to tho
condition of things before 1874 Secretary
Carlisle s,:oss that from the foundation Of
tn. covers uent up to 1873 there had been
coined on.y s.0i5. $50 silver dollars, while
since thas date there have been coined
as, III. So. The condition of things be-
fore 1873 r.as = stoppage of silver coinage,
while since 1878 tho silverites have by leg
istation coined in fifteen years moro than
fifty times A. many silver dollars As "the
fathers" ssid In eighty seven years, and
have thus succeeded In giving us imitation
and a deprec!a ted currency. This Is what
We have dane under the Bland act.
Then Secretary Carlisle shows that nm.
der the sherman law Of 1890 for the pur.
chase OF SILVER without coming it the
treasury has lost SIC. SIS, $50 on the silver
for whiea Is has paid STA. 5000. or
course We have lost more than this. for II
We should attempt to sell our silver stock
today II wauld break tho market. Then
the secreissy demonstrates that the en-
barrassments Of the treasury. the cutting
down Of tbs gold reserve, and the prospect
Of having 10 incur debt, are all due to the
continued purchase Of silver bullion. Tho
secretary saya that for the thirteen month ,
to tho end If May the government issued
treasury roies 10 the amount OF $40 Gel. IsS
in purchase Of silver bullion: aud during
the same s'nie st;,stai15 of such note,
we.c pressaied and redeemed in gold,
Thus neaTiy Tho whole of tho silver bull.
lion boushs during ;ha, time was really
paid for H. gold.
This statement Of Secretary Carlisle Is
having it, Hi.ecs in opening the eyes OF
people to the absusd,ty and the danger O.
continuing "a force the Sherman act.
Even so ssSong free silver man a. Sen.
ator Vest nf Missouri. saws that the law
will certainty DO repealed Icy the coming
congress. iae able journals Of the South
are eegsnf.'ns 20 support the prcsiden;
and Secretary Carlisle in their effer, 70
sherman at
The Dates. Ca. Meas (nsm. SAYS: Re
peal the rhe-maa silver act aud r~nlaee i,
with noth,as AZ all. Madness LES in th,
thought II tiistng by act ~ congress Ar
unlimstei coinage Of silver dollars a. IA,
sommod,y vsiae of ~ cents IL, gold int,
eommcf,fai equivalence with loo cent. 1,
gold" The sherman silver act u,ast E.
repealed SAWS tie Louisville t',,.y,>
.feernai Nsfn.l "and the politician. lie b,
keEsbli a. 0r Democrat. who tor psrtlea,
raFr>scs re0ks 10 prolaae o. aeerAvste ;h
eoads;ioGss sue TO Il, A;jle understand IN,
seuper - he eoantry. The resple A.
lons-sul.s -.as; ihey have s;ood erca
deal 81 nsn sense at the haa,.s If the mol,
tclsns: aa' when i comes 10 a question /.
vitality saeeslns shom a. sound ca,
rsncs. they aon', propose tia, selt-.nss,
est, ahlsh in saca n case - the cerafno
interest hall play seooad fiddle to Part
ssnsAIp sny loessr."
The unconditional repeat OF this ae:
eli ,ha, ss needed. No con traction OF n
eurreaeT nesd &c feared The moment v
ssop hagla silver and paying cas eur sol
ses /; g'd al re;arn, With the retnrn &
thai eo1ftsnce ~hteh we have lost hv on
steady j so 20 = silver standard. We Aav
alarfne>5 Investors both a; home a.,
abroad We have SET osr own people &
hoarsisrg gold, ~e have frsratere,
foreign Investors iate Throwing over
board ast securities. When Ne Ma.
thrown overheard sAl. .supld. rern:
eious p@hsey ss sssl regain pahli
confidence Gold vill aex back frsr,
Earops ~ sooss IS Eaeors ssss that We A.,
no learer in danger Of drifting on ~
rocks c. Tree silver coinage and p.ec.n