The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-05-29
SEATTLE. WEDNESDAY, MAY 20.
"KouAL PURCHASING POWER


The speech Of Senator John Sherman AT
GAINESVILLE. Ohio. yesterday has a ring to
1T which finds response I'm the heart OF
every true American. IL is full OF hope
o, the return to stable principles and fun
Of confidence In the enduring integrity OF
American institutions. IL is dignified,
thoughtful and stimulative OF patriotism.
Since Senator sherman last presided
over a Republican convention the country
has been in a condition OF feverish I'M
rest. Business has been disturbed by ex-
perimental legislation and public conf
dsnce agisated by empirical schemes for
furnishing a remedy. There is no road
TO prosperity except the broad highway
blazed out by intelligent experience.
When people are harassed by adversely
such as has befaiien the entire civilized
world during the past few years they
may he pardoned for impotence and
haste to seek short cuts back TO normal
conditions. and upon those whose life has
been sperf In study of public affairs rests
the responsibility of clearly and courage
ously guiding their fellow men away
from alluring bu. deceptive paths.
while the money question is foremost In
the minds OF the people. Senator sherman
did wisely in pointing out that II is not
the only question OF vital Importance. A
return to the patriotic and wise doctrine
of Republcsnism that protection should
lie extended 10 all products impartiaily'
30 1aha fak
The people have had serious warning of
the consequences OF abandoning we'll
tried principles. as American Industries
extend. the government laws must be
modiHed so that they shall not. by out
living .heir usefulness. become a clog to
commerce instead Of an impetus.
Sir. sherman's conservative expressions
cn the money question are entitled 10
thoughtful consideration. The danger
threatening the American people today Is
that in pursuit OF most commeudable
object they may b. precipitation rush to
an extreme which will bring upon them in
new form the very evils they are now
seeking to escape from. That danger Is
mono-metallism. IL is not gold we have
60 fear; Il Is the prcponderance OF a metal.
The only relief tho country can obtain is
maintenance OF gold and silver on parity.
The practical decentralization OF gold by
the FREQ and unlimited coinage OF silver by
this country alone viii result as Mr..
Sherman predicts. II viii. as he says.
"confer no favoFS ON producers Of ANY
Kind. whu,hcr Of tho farm. the workshop
or the mine. for IL they get mominany
Gncre dollars for their productions their
additional dollar would have only one
half The purchasing power Of the Grid dol
lars. The great hardship OF this policy
would fan upon the workingmes,. skilled
or unskned. whose daily wages. meas
aired by tbe present standard. ls higher
than m any country On the world. Their
wages will purchase morn 81 the neccsSi-
ties Of life than the Wages paid for sim
slar lahor anywhere outside OF The Unb,e,l
States. h - a falSe pretcslse that the
,heapen7,g 81 mouy'y Nil be beneficial 10
1aem. Tho Republican party. szl bts ma
dioual PLATFORM IN iNse. touzar3ei good
usoney ~ equal purchasing pawer. whs'. h,r
coined " silver ~ go}d or composed a
lruitod States nctcs and national tank
uote,s hssssi ca tAs cfv~33t OF tho United
States. maintained al par with coin. This
s. Ihe h-pctallic r-osecy. There We stand
to-day. ! hoY-e apd Jrass that there We N
Stand forever. We Wiz seek tho co-o,ss.- a
shon 81 ali nations and Of al ravtles IN
maintaining the par<y 81 gold anal SILVER
coins. II they viii not co-opeg76e wi.h
us IN this po,Acy the Republican rsa~.y
can. and 1 hope wsll. 10 e alolc. Good
money ard rasn1y og y is as sgutscr,arr, 20
at our people as equality ~ rights and
privflesos"
''EQusl purchasing pcvrer'' - ta< ss7-res
a. parity. whether that pssy-hase - ~ "a
TOR. materials o. immunity from dest. T1e
n'oneirs oge metal obtains az aly-4r .s,..e
over TIE other. thu equality "a DISTURB,
ana thoss who arc lcaSs aso}e - hear &.
MI he eompcIied 70 accept tho cheaper
usswey.
These grVsst truths arr Aeconlinx mani
ftst. and the esrztcsss'rvs - ere rcops,,
gives ASSURANCE sb.ss sac day 90 gold
usoe1o-naotsiliSn s. passing
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THE ORDER or THE BOARD.