The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-12-04
SECRETARY oAuLIsLr.s urvr.
ne reilly OF Pouring g sla fnte Treas
airy full Of Fs.sns


=. U1rfag the last uoath the gold reserve n ~
- ~ iof TIE pGEprss q resseratrsg tte s,sees
- sssfi s1srg circulating - asousy - tie
Es.as q TIE people became - rez.ggred al -
sIFtaSf deposition IL tae nesr s.sss - s.a-es -,
1850 sa@ts Ia fhs exercise 81 rryrasr 80. sor
- - - ZIG wesfare, 81 became neee.sasg 4 re-
- 80 Nas reserve ana sags maintain tie ng,r,-
Tar iagtn Ia the Abslaty ara ssasars~sssss.s', -
- zoeut 20 meet SO agree4 - vSse4srls-v
.1azg9tlyns. II would asvs teen vel Il IA tkss
Ssocy thc authority had exfsss ~ fssv.ss
ooh1s o. the government bearing a -
fAs~ OF Interest and raatrsrIss- s-tesfr
= saort period. Congress having failed
= soaief sEfh authority. resort was
necessarily bad % the resnrn ps4Sz 49, az ss-5
80 pursuant - il provisions bonds We
lssssa drawing Interest al the rata Of 5 per cert
Pss AnEuus anu nnatGr4ur Eau years sft@r fhnf,
issue, thai being the snOEtesf TIRE nnsf,sr5,.s
= tns aes. am glad % szy. h0weyer. tant ir
sAse s4ass o. tness ooSss the premium rece!v we'd
olEFAtea 70 reduce The rnse Of iut@resk % -
PAID - tie government 20 less than 4 v..- esrs
Aota.ng could De worse or further removed
IRON sens Die haanee than the relations exfst-
sAE between he currency thnt the vowAv-t, g,ant
azs Issnoas the god held for It's retasa rflr, "a
tae Essans whicn must be resortea q Tor 49,
purpose 81 reple8ishin9 sneh redemption lsf9a
80 49, - pa4isN Even II the Claims upon tnfs
sLsa were eaHEuec 10 the obligations orlgi-
Dal4y Intended, sRG II the re leu rtlon Of thsss
obAizAtions meaat their eaacsIlatios the f5,nd
"oala Ds very small All these obligations wnen
isssayed aud releemed ia gold are 40: eaneelesi
Dat are relssued aud may do duty TnAnv tines
~ way 81 drawing gold from the tressfsrw
mus - HAFe al endless CHAIN IN 0r,eragton
constantly depietln< the treasarv's gold aud
never near nnaI rest As /. this was no. lad
taou4o. Ne have ~ statutory declaration thaf
y - 'he policy OF the government 10 maintain
tie parity between god asd silver a4des the
force and TnOEleatum Of this exagnstlse pro.
sess and addea largely 20 TIE currency ohligs-
stpns Ga ming tnis peculiar gold RESUMPTION.
oAs small god reserve j. thus subJaot To drain
IRON every side. The demands Ls.gt fBeres.e
our danger 60 increase the neces.lty OF pro-
tecting this reserve against depletion aud IL Is
tsess unsatisfactory % know that TIE protectlon
snofaed ts only "A temporary palllagiol
a. - perfectly and palpabiy plain that the
Only way under present conditions by which
sols reserve when dangerously depleted can be
Iep4ebssh he'd - through tbs lssge AMI sale Of Ihe
bonds 81 the government for gold. and vet con-
EFeas has not 0ny thgs Jar declined g. author &c
the ISSUE u the bonus beet suited 10 such a par-
pose, bus tAefe seems disposition in some
quarters 10 deny both the necessity and power
Tor tie issue OF bonus al All ! cannot Tor
moment believe taat any OF cur cit gems are de-
bperate4y wiling that Their government should
dstaHit IN Its pccuHisfy abt Gatiels or that is
haaEelHl operations snOul4 ba reduced 10 a sll-
yer basis. Al any rate. / should uos fee that
E8y aaty Was done II I Omitted any Effort I
could MAKE 70 avert such D ealeuitF As long.
therefore, as no provision is made for Ia anal
resumption or putting sslde Of ,bs curTeaey
Obligation now used 70 repeatedly AID con-
siantsy draw from tie govefuIaent ia gold, aud
as long n no better authority for bond issues is
allowed than al present exists. such authority
Will be utilized Whenever sud often as be-
comes necessary to maintain gold reserve
sufficient 10 saye the credit of our country and
make good the nnaaeiaI declarations OF our
government