The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-10-05

The Democrats Anxious 80 Distract
Attention From the Tariff.


SILVER THE ISSUE IN OHIO.
The Democrats Anxious 80 Distract
Attention From the Tariff.
CoIUsnrs, O.. Oct. 4--The following
manifesto has been issued from the Demo-
eratic state headquarters:
.sTHE DEMOCRATIC EXECUTIVE RooMs.i
.'CofuNBus. o.. Oct. ..
ITO the Voters Of Ohio: Two years ago
the greas national political battle was
fought upon two principal issues. refor-
nation OF the tariff laws upon al equita-
bic basis, and the adjustment Of the money
question By the restoration OF silver
TO ils rightfuI power and functions
ns one of ths money metals under
the constitution. Daring this contest.
however, the issue OF the tariff reform Vas
made the paramount one. By the repeal
Of the Mckinley Law and the passing OF
the iaw now in force tariff reform has been
substantially won and the taxes of the
people. especially upon the necessaries OF
life, have been much reduced and their
opportunities thereby enlarged. In all
probabilities there will not DO another gen.
srai revision of the tariff for years TO come.
Time, however, VIII undoubtedly suggest
changes that should he made, and add
sionaI legislation, guided by wise states
manship. will BEE that this Is done.
the supreme issue before the country. The
importance of the question whether silver
shall be restored 90 it's full money power
cannot be overessim ated- IL affects every
interest. great and small. from the slight
est concern of the individual to the iarg
est and most comprehensive interest Of
the nation, and especially does il affect
those Who ars engaged in active Industrial
pursuits, for upon its proper solution
depends whether their business shalt be
profitable or unprofisabie. This being 30.
and also for the reason that so many
representations and rnisststements have
been made By the gold advocates In re-
gard to it, which are absolutely false, we
Invoke the serious and Intelligent consid-
GRAFTON OF the voters Of all parties 10 the
following:
s.Tirst-That money il the standard by
which the sxchsngsabie value Of all labor
and the products Of the same are deter
mined.
assertion Of the single gold standard adj
vocatss that gold II an unvarying meas
IRE no money standard has ever been or
ever can b dxed and unvaryiug meas
urs.
"Third-Businsss men must remember
that money may be appreciated in value
a. well m deprecated.
"Fourth--That when 10 appreciates
prices fall; when II depreciates prices rise.
'Fifth--That the value Of money itself Is
fixed by its exchangeable or purchasing
power over other commodities. and this
purchasing power of money IL determined
wholly and solely by the portion that the
quantity Of money in circulation bears to
other commodities. Ia other words, when
the supply OK money In circulation Is
small. relative TO other commodities. Its
purchasing power IL increased; when IL is
great, Its purchasing power Is diminished.
That il, tho value or purchasing power OF
money Is governed by the supply of money
and the demand for money
The address proceeds by paragraphs.
numbered ap 10 twenty-five. 10 support the
foregoing propositions. The demand for
money is inesssaat. The supply Is the
creation of the government In the United
States and Western Europe. before the de-
monstisstion of silver in 1873. the worlds
supply OF gold and silver amounted to
q. 500. 90. coo. very nearly equally divided.
Gold is tbs money of redemption nov.
The supply has been cut in two. causing
fall Ia prices. After reviewing in detail
the causes assigned By business men for
the continual decline In prices. all ofwhich
are pronounced 10 be insufficient and con-
Trajectory. the address says:
This decline IL going on. and therefore
we can say THAI when a fall Of prices is
found operating not on one article or class
Of articles alone. bat on the products Of
oil industries: when found not 20 DO con-
tined % any one climate. eountry. or race
OF people. but 20 difFGse itself over all gold
standard countries: when IL Is found not
90 be characteristic of any one. bat 20 60
on progressively for a series of years, il be-
comes manifest that Is does not and can
not arise from local. temporary OF subor-
dinats causes. bat must have its
orxln In some principle of uni-
veFsal application. orerprodaet3on can
not account fer IL for pro5actlon
means the creation Of wealth. Wealth can
be created ia no other way. Therefore. il
oyerprciaeticn IL the cause. ron can create
too much wealth. which 10 the same thing
ss 30 say that wealth il not wealth.
Neithsr can 10 es attributed 80 improved
mechanical devices. progress In manu-
features. improved transportation, tnven-
tsoas, banking. etc. because ail OF these
Increased relatively as rapidly prior 90
ISIS as they have done since: and for
twenty years prior 90 1873 there
vas 70 such fail IN prices as
there las been since, bat on the
contrary there Was a continual rise
Beside. 10 is very strange tAas shas failing
sef IN AZ tie exact moment when the isnk
vas erokea between gold and silver.
Again. it Is absurd that = revolution Of
tAis character should have affected gold .o
seriously. aud should have left .iver
rygres unaffected. Silver Is the standard
az value of more than half the world. aud
here ID /. tne standard prices remain the
ssgae, whtle ia al gold standard eOuntrfe.
prices have faltsa ~ 80 50 peg c~nt
III tAis fall Is d1e - lmpgassa
nsaehinsry. thereby eaGsaaE osurnrsa-
auetioa no. are ~ account
for she fall in me xAlae 81 aanar
Certainly there hzs been no oveTl,so6uc.
t.on % laas- What tbsn - st thai has
caused thss general aee.ias tn Ysscesf liz
hiss e~ea hg0ughs shoas by shTsnsArs Ia
the va&anss 81 moaey relative 80 Fapass-
tiaa nn4 kassns.sL IL she sFnouat 81
Ts0asy in circa alton BE maize 10 ae4r
oirect saa steady Essio 50 population saa
business. Yrces wcula remain standing AZ
. szsady isvs4 aaa. wasea . &c saprerae
snpostAnes. Gaeney sti8 ehangs ntsIs ia
value
Tbs rem sin3sr of tbs address Is devoted
10 Citations Ard arguments.
NAsafNaggN gETx. o,s 4 The address
% ths seSsss of oAia. issee4 BY the state
sxscussvx een nsisssz. wSx received 81 soszs
trsasary sfg.eaAss 9llh lad flersuee. whIls
csAsss sx..assssa Il ssvsgsly. eas zoas u