The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-05-27
SEATTLE, MONDAY, MAY 81.
SILVER ASSERTING ITSELF.

The news from Europe which Indicates
progress toward adoption OF international
bi-metailism. the only sound and stable
monetary system, Is most gratifying.
Nations move slowly: even II the act of
1873 were as secret as some people claim.
how many OF those who are now shout
ing that Il was a crime knew, three
months ago. what. II any. effect 1t had In
bringing on hard tines2 How many of
these rabid. piace-huutlng free-siiveri;es
who pretend TO foam at the mouth when
they allude TO that act would have known
by reading the bIll In 1873 what effect II
would have In 1882 Demagogues are al
ways wise after the act.
II was Roscoe Conkiing who said a
Democrat was man who rode with his
back to the engine and never saw an OPP
portunity until IL had long been passed
py. There are other people than Demo-
Gratis who are ioudest-mouthed and hot
test-wordee who would have been slow
est to anticipate results. and most ready
to subserve selfish interest. IL Il had
suited their purpose. We see them all
over the country. roaring like bulls of
Bashan without adding a new thought or
an original argument; cheap. showS ira
gedans who capture the unthinking gal
lery By their strut and glih-tongued pat
ter. II is men like these who are now
beating the big drum OF their own hollow
Importance and changing the sounding
cymhals OF their own brassy verbosity.
by the army OF thinkers and workers.
those on whom rest the travails OF war
and 10 whom belongs the glory OF con-
quest. The people are reading and think
ing-neither deceived by Cleveland's rip
ping platitudes nor deluded by the fabby
fctions of Coins Financial School.
Bismarck II no sentimentalist. lie is
man of great intellectual power. who
seems able 10 take a bird s-eye view OF
all affairs. lie declares himself in favor
OF hi-metallism. and adds that he was
obliged 70 yield bis own convictions to
the opinions OF currency experts" The
Rothschild influence was very powerful
In Germany. but so was that Of the en-
peror. Nevertheless. we fnd the people
asserting themselves and defeating the
imperial Will SO It viii be with bi-metal-
lism; the German people are not so inn
petuous as the French or so daring as
the Americans. when ihey arrive at a
conclusion Il can be relied upon as hav-
ing resulted from good hard thinking.
Hope of cooperation on the part of En-
gland comes not from tho softening hearts
OF the tratiickers In gold. bat from the
startled awakening OF tho nation of shop
keepers. In a recent speech In London
one Of them said: "tt should not be over
looked that this country is more interested
in the silver question than any other E,-
ropean nation. and even than America. or
than all the silver mine owners OF the
world. because three-quarters or our trade
Is carried on with silver-uslns countries. -
This argument It viii be noted. appeals
90 the merchant: Il is Just the reason why
English gold owners are in favor OF gold
mono-mctailism. The merchant is begin
ming TO see that he is too much az the
mercy OF the gold owner This Is best ex-
planned by Sir Donald MacFarlane. a mem
Der of parliament. lie said TO his audi
ence:
They we're ALL no doubt. familiar xith
the balances of gold that were kept in the
Bank OF England. That gold nigh; he
called the working capital OF the CONNER
ciaI community. At present. because there
was very little business doing. CONNER
cial men could get any amount OF TIA,
capital at ! per cent: but when business
was active the price they had 10 ray went
up TO or Per cent That WAS the price
tho merchants in the city of London had
20 pay FOR their gold standard. But that
was not all Suppose Russia. for instance.
made can on tho Bank or England fer
q coe.oAo or sola. the hank rate Was at once
raised. and Il another C,oooeoo vas wanted
the hank rate would 20 up 3 or ; per cent
That meant that the merchants OF I.on8oa
had 30 pay 50 mWca more Tor the use OF
the capital than they otherwise won1i
have 50 do. the reason being that there
was not sufficient capital 20 work on"
The currency o. the world must 30 pat
upen scunder basis. and tho United
states can further the work very mate.
rally. II must not Re forgotten fer a mo
meat. however. shat even those Who. IA
European countries. desire 20 see bi-u'etal-
iisn. would rot hesitate 10 make rioney
cut az the people ~ this country n wa
should a1ovd them the opportunity by
adopting a policy whlch would SIN fur