The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-04
FINANCE AND REVENUE.
The G~rcenbnck- should Be turned
BOND Issues Fully Approved.

As we turn from a review If our foreign
relations to tho CONCENTRATIONS OF our
national financial situation. we are imue-
diatelv aware tia. we approach 4 subject
Of domestic concern more important than
any other that can engage our attention.
and one AZ present IN such a perplexing
and delicate prediCament as 20 require
prnmnt ard wise treatment. We NAV well
he encouraged TO earnest effort in this
direction whom We recall the steps already
taken toward improving orr economic and
financial situation. and when we appreciate
how well the way has been prepared for
further progress nv an Intelligent popular
interest on these subjects.
New Tariff Right ira Principle.
by command Of the people a customs
revenue system designed for The protec-
tion ard benefit ~ favored classes at the
cVpense NJ tho great mass # our country
men. and which. while inefficient for tine
purpose II revenue. Curtailed our trade
relations and impeded our entrance - the
markets 30 the world has been suoersede1
by a tariff policy which IN principle is
basel uron a denial of the right Of the
government 70 ohstruct the avenues % our
peorie's cheap living or lessen their com
fort ard conten'ment, for the sake Of 7c-
cor3inc especial advantages - favorites.
and which. while encouraging our COM
mcr0e and trade with other nations. rec
oEr'res the fact that American self-reli-
ancp. thrift and Ingenuity can build M
our caUntry's Industries and develop rs
resources more surely than elevating pa
terualism.
Evils OF the silver Purchase.
The compulsory purchase and coinage u
silver by the government. unchecked and
unresulsted by business conditions and
Needless u our currency needs. which for
more thar fifteen wears diluted our Circu-
ls'inE medium. undermined confidence
aE~fnH fn Yrr~ fra nrfaf afslffv av4 ne Lee
eliminated ia distress and panic AZ home.
has been recently stoned bv the repeal
- 'he laws which forced this reckless
scheme ur1u .Ae country The things
thHs accomplished. Notwithstanding their
extreme Importance and henefcent effects
fan fs- short y curing the monetary evils
from which we suffer as r reSul, II long
Indulgence in ll-advised financial expedi-
suts.
The GrccnbaCk Was War Money.
The currency den5mInate1 United states
notes ard commonly known AS ~~reenhaeks
was issued iD barge Volume during the late
civil War. ans vas Intended originally 10
meet the eNgencies II that Period. Il viii
Pa seen ny a reference q ,hc debates in
congress az the time the laws we're passed
auther'Ei0C the issue Of these notes that
their advocates declared they were intend
- fer only Temporary Use ard 20 meet
the emergency. There were in almost y
not ali the laNs relating - them some
provisio1 contemplating their voluntary Or
compulsory retirement. \ large quantity
az them. p NEVER were kept on foot and
mingled W.tA TIRE currency % the country.
50 that AZ the close = fre wear 1S-4 they
amounted 90 &Nl%1.0G immediately after
that date ana iu January. ~ q law was
PASSED proyh'.0E Ter thr reslmuton OF
specie payment. by wsich the secretary of
TIRE treasury wls required whenever adj
3i'anai circulation VAS issued "a national
banks. 10 retire United States notes equal