The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-01-24

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4 na@ueeo - lasse lxuAs = Rspsx1ss
E4eas ~ ADVISES = G1neas ssanaasa.
~ sue suat0t. kucn ADeseo 5H'
-swhen yuung eaesxsy "a frsqsenk
Doctor nd aazA azad henxd greax ax9n-
A,.,.,e - s s.~s 49,. -. ,.~.-~
Cas1s out 81 d sasne dDor waaEe1n /
wont'
az. : ~v-r pss..,a. =, ~..-~.s 49, - -.
dom
no cooks sposa ~
!. The abovo cuotafione are not new tut
ere aprs,pos In the present political mud
die. There has been nothing new, bat
thu sppaicssfson or principles which theua-
selves are a. cd q the world. Financial
principles arr a. cd az mechanical It
b their ai,plica41ou which IL diflicuit to
iearu, and which humanity can learn
only By dearly bought experience.
In the columns Of the daily paper the
publication OF various ideas regarding
this appl1tsation II well: far better than
the cid tinae metfzcs OF the rostrum- For
In such publication chance may direct
that the one correct scheme shall thereby
be placed before our cosmopolitan masses.
To attack Ii much less dif1icult than
to originate: but the complete exposure
Of fa1lae40us principles stimulates origi-
nal Thought and, negatively. assists In
the prograU Of individuals (and thereby
nations) In their march toward complete
knowledge.
Money 10 = medium Of exchange: not q
commodity which - ranged by articles
Of commerce. but = commodity by which
articles OF commerce are valued and
relatively compared.
When Ne speak OF the value OF = horse.
q ton Of coal = yard OF cloth. or q DAYS
labor. We mean that. un<fer the then ex-
listing circumstances. these commodities
viii bring certain amount Of q circu-
lattne medium az exchange. which. In
its turn. having = nxea ratio or candi-
ton may be EXCHANGED for some portion
Of any ether article of necessity or
luxury.
In civilized communities all barriers of
merchandise for merchandise ara conda-
toned upon their relative value a., stated
In this circulating medium called money.
The difficulty OF production and trans
portataou measures the ra,asive val,re of
all ARTICLES
On account OF It's peculiar chemical prom
critics and medium difficulty Of produc.
ton gold was. ages ago assumed NV tna
human family an a medium OF EXCHANGE
or money: so. too. was silver. but always
"a a minor product. Gold measured ALI
other values. Silver was placed In a
position measured by its relative difa-
Guilty OF production
In direct practical illustration OF the
cause and character OF this assumption
OF standards and the unconscious Lean-
Ing OF the human family towards s,,ch
assumptions. note: Pine manufacturers
assume Ia inch diameter pipe as a
standard pine smaller than This costs
relatively more per unit, and larger costs
relatively less per unit.
Iron manufacturers assume ga inch
diameter or square as standard. and so
through ~ trades. Not one OF these men
ever think that they are following a
universal law. The value OF all articles
- In tbs value OF the labor necessary
20 place them before the consumer.
cold. however. has somewhat differ
emf position enough, theoretically, 1t
elouio De the same) because the nations
- e sAe" LAYS assumed ana deter
.i'illeu ei'ae sofo snaii De used as an In
-~
-, peans neeueo py them
a~..1,. a. s. 'ne oemand always
s~..ss. a. we lno " was
c,,, :. ~..-,,,,ss - mn Nh 90 UNI
o,,rc. - ,ss,s .ssa us al
- s,,,,., 80 ouA.eS
accar&s.a -. !. :. a.,.,... :. 80
Ty,a grea. ,,,a.,s*ss., So
vvor,a -. ia.1 -. -.~. =. .'so
moss fnvariah,a chan,icaI ,,r,or - -.
with thesc two rnatals ,a,,aa,.aa -,
duction Of silver much lsSa d,f,o,,,t 20 ~,
did not affect that If soI,s a. a. 49, .
degree.
Thus vrs are brought To th~ vita, c..
ton, Shall goad remain the 2,anaars :.
shall silver take ifs MACE, So, .,.ss
as two standaxxis h irnrssssab,... an. s,as,
measure the value of the otger c.u
will YOU must have some onr gard. "a
OF comparison.
Money is aa,ythsna ynu r,easa h,,4 a..
value must be measured bv sore an.
standard. The enormous asvan,a =
transportation facilities brings the por,1
in close communion. and the wnnfaryu,
advances IN industrial avenues makes
gold tour present asscepte<f messs,n, -,
exchangss) seen, small indeed for tina In.
creased needs OF business.
Recourse has been had to umn~r nav.
Ing only balances In gold. but all nane-
OF exchange Is a promise 20 pay al sosne
point certain amount OF gold or rs
equivalent in money of the nathan man.