The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-06-29
-sFATrLE. SATURDAY, JUNE 30.
THE THREE VIEWS.


The waila walla Statesman is disposed
10 he very sarcastic about the difference
Of oranGon on the money question. ana
says there are either a great many very
ignorant people or very many hypocrfti-
cal people In this country. There Is Tar
more Ignorance Tran hypocrisy, but IL is
n very excusable ignorance. because the
truth IL that men really know very little.
The best OF men. even those who consider
themselves well informed and who GER
fainiy are sincere. can only approximate
n knowledge OF the present and future
by their experience IN the past. and IL we
all gave weight 20 precisely the same
considerations we must all arrive at the
same conclusion.
The differences as 20 the money ques-
ton are OF the same nature as those
which characterize all controversies.
Self-intcrest is the mainspring. The man
who has gold to put out either in invest
ment or al interest can sec no merit in
silver mono netallism. The man who has
no gold, but Who thinks II more silver Is
coined ne can get some Of II. condemns
the man with god for his selfishness.
The b,-rnctaIfist sees that from time i'm
memorial there has always been large
class willing to borrow money in order to
profit by Il. That Is all a man ever Dor
rows money for; oc course. We do not
.nSsiude the thrlftless fellow who borrows
because II Is easier than working and
has no intention OF repaying. The man
who borrows money at I. 5. 6. or even
more per cent. To buy land. build houses.
open store. start factory or improve a
farm does II because he can. by adding 10
II his skill. opportunity or labor. make
more than the interest. III no does not
he is fool: the man who borrows with
cut the expectation of benefiting by II be-
yond tho payment Of interest and repay
ment OF principal is not entitled to a
moments consideration.
The average man In ordinary times
docs make money by borrowing. The
farmer horrows money and buys imple-
ments which improve his yield aud save
his labor; the mechanic throws aside his
hand-saw and borrows money % buy a
revolving saw which saves him labor and
produces better results: the store
keeper 5orrrows money and lays in an a.
tractive and varied stock. the tenant Dor
rows money. builds house and reduces
his rent. The money does not always
charge hands but buying on credit is the
same thing. Sometimes. Il ~ true. bad
Judgment or ill-luck defeats those plans.
hut the intention ia good enough.
Tho bi-motaihst sees that in spite OF all
Utopian plans Cor perfect adjustment az
things. tais kind OF business is likely %
conInue. and mis- idea OF money Is that
the nearcr It comes 20 auvariaslHty OF
value TIA nearer Justice VIII 20 secured
90 both lender ana borrower.
Gold monc-metaGlsTn. he fears. Will lead
20 monopoly. and monopoly always leads
20 enhanced values. Silver mono-metal-
ilsm. ne fears. on sccount OF the univer-
ssl depreciation ot tina, metal. will place
This country a. eoT4ous DISADVANTAGES
With Folt-s,an1&rd nations Bi-rnetal-
,ism VIII eaualize the two. keep silver
from becoming cheap and gold from be-
Nfa-'-tt~ ~N-f- "-sN - ny n lux ts1sA2E5c
between tlle borrower ard lender. the
buyer and se'ler. the capitalist and the
iaborc-.
This may be mistaken notion: II may
re that. this country being 80 great ana
powerful. the free and unlimited coinage
81 silver ny this country alone would ia
sure a return 10 prosperity. advances the
value OF property. increase the price CO all
staples and raise the rate % wages.
sat that IS no: ina lesson taught ny the
experience o. tae PAST.