The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-06-01
SEATTLE, SATURDAY, JUNE I.
A CLOUD WITH A SILVER LINING

Conditions in other parts of The world
ere OF interest just now TO people with
leisure to study them. In a few months
there In every reason TO believe That bust
ness Will have so far recovered It's cheer
full tones that the distress or prosperity
of other lands viii seem too remote to
worry over. But while things are quiet
here. Il seems. from speech by the Mar
quis OF Salisbury at a meeting OF the
Primrose League. they are far worse in
England. The speaker. who has for
years been a conspicuous figure In Brit
ish politics. first as Earl Cranborne and
later as the Marquis OF Salisbury. drew
a gloomy picture OF the outlook for the
county. He attributed the stagnation OF
capital TO the distrust OF the present
government. lie said that there are sui
len ranks of haif-starved laborers who,
II the unemployed capital be invested.
would enjoy an unrestricted industry and
a happy home. But. between the over
flowing Golfers and the suffering iaborers
there flows a black. impossible stream of
distrust
Of the Rosebery ministry would result In
the restoration OF Lord Salisbury TO pow
er. and the want of confidence is prob
ably magnifIed when viewed through the
telescope of the ex-premler's ambition.
flowing for this. however. there Is no
doubt much truth in what he says
II there were not grave causes for APP
prehension. we should not find a great
gathering of members OF parliament. mer-
chants and even financsers urging the
need of an enlarged currency. The con-
servative English do not recede from ira
ditions, policy until they are compelled
TO by the encroachment of the tide
The annual report of the English BIZ
Metallic League confirms in every respect
the remarks OF Lord Salisbury. The non
settlement of the silver question has en-
tailed heavy losses on the Indian govern
ment. necessary public works have had
10 be delayed. British and Indian indus
tries are being harassed by import and
excise duties. while the future IL full of
uncertainty. II is also pointed out that
the strain upon debtor countries gener-
ally, under the present monetary sy stem.
is not only nequtabie. but ifnpolitic. and
constitutes grave danger to a large
amount of foreign and colonial invest
ments At home the depression In pro-
ductive industries is freely acknowledged.
The disturbance In the economic condi-
tons OF the industrial hfe OF the country.
due largely TO the effects of its monetary
system. threatens to produce grave con-
sequences. Though population grows and
seeks employment. fresh capital does not
seek Industry: on the contrary. there is
disposition TO withdraw capital already
invested In II. while. on the other hand.
industries in siiver-using countries. arti-
Iicialiy favored by their monetary sys-
TENS. arc ousting British manufactures
from markets where formerly they held
dominant sway.
The report says in conclusion that the
council deems it 20 I've a duty 30 point
out that "A continuance and development
Of the present conditions may lead 10
tension. - not. indeed. TO an antagonisrn.
between various classes OF the commu-
nifty"
While We should not rejoice at the mis-
fortunes OF our netghhors. We may well
come any demonstration to them Of the
need az change in their policy English
greed has been the chief enemy 70 be
feared in the flght for silver; her antsgo-
niSm is the chief source OF danger 10 be
feared in any effort 20 renew coinage OF
silver. bat her cooperation iusures ali
tho advantages without any OF the periis
attending independent action by this