The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-04-29
MONEY AND THE TARIFF.
Two important Factors I'm the Pf'e-ef Z
Rfi-ITis--- tpndiIIon OF the country.


and real estate. accompanied ~ judge y"
4 Decker. - the same c{ty, are guests
az the Butler hotel They are here 70
attend the zglt thls morning ~ the case
% q. " r. Griffith. trustee. -. the g.
attic National Bank Building Company,
which viii BE- heard IN the superior cCnrt-
Mr.. griffith brought suit 20 foreclose
SO 6s1 mortgage on the ground where
the Seattle National bank building sLnds,
corner % South Second ami yesleF ave
nue.. Al the time the land was mort
gaged * was not owned BY the mort
gagor. bat was owned by H. L Iesler
He afterward transferred the land 20
George r Garter. Then the heirs Of r.
A. 4. Carter came forward with sssl.-
60 claim. which they claim is prior 20
the sz59s1 owned bv the mortgage com
Issny. as the money was used to pay for
the ground. Mr. Griffith said last even
ing that the only thing for him 70 do IN
the premises was 10 foreclose and laG the
boudholders take the property. Concern
ing the suit ne said.
Il have always found 81 the best policy
when cCmpany's or an lndiyituaFs prop
erty gets so tangled up that the o5iiga-
tons cannot be met, 20 liquidate ana let
Ehe creditors get what they can. settle up
ia a manner satisfactory 10 all, and then
start Ia again. II is much better than 10
fret and wOrry ones life out about pay
ing Interest, standing of bills and doing
a generally dlsagreeable business an
around. | don't see that / can say any
zhing about the suit that would be Of IN
terest. No matter in whose hands the
building viii fall. IL will not affect the
city. for the property Is here and cannot
be moved away. and II behooves the own
er 10 make all he can out OF IL and keep
the property In repair and improve IL. IL
IS better TO have IT ia good shape. any
way; better for the people. the town and
all concerned"
Mr.. Gritiith says that while times are
improving slightly and money is lit
tie more free than IL has been, he does
not think the conditions will radically
change until the tariff problem and the
money question are solved. Said he:
There are two important causes Tor
the present feeling OF distress. the money
question and the tariff. The tariff OF the
country is not great enough TO meet the
revenues and there IS deficit every year.
last year the report showing that there
was a deficit OF $4,000 coo. The country
is not securing sufficient revenues TO pay
It's Indebtedness and the people do not
seem to like the Idea Of bonding TO meet
the expenses You remember when the
last bonds we're issued IL acted as a
daInper on money all over the country
and the spirit OF revival was choked off
\
I do know that II had very bad effect
on capitalists. The money question is,
You know, the source Of great agita-
ton all over the country. In some local
tiles they want gold, In others silver. in
others both. and In our state. Colorado.
and in many places West, especially
where the Populists flourish. the cry Is
for free and unlimited coinage OF silver
at the ratio OF Is 10 /. The Democrats
of Illionis are taking up that cry. and at
the convention 10 be held in Chicago a
plank to that effect will certainly be
passed. This sort of thing does not tend
TO create confidence. for nobody knows
what kind of money We will have. and
unless they do they are not going TO let
II out or 30 ahead with any great i'm
provemcnts. The position of the gov
eminent on the question is dubious The
senate even now seems to be. In favor
OF free silver. and at the next election Ii
may be that a president and a congress
VIII be elected who wiz favor this policy
and this VIII switch the country right
around and make Il bad for everything
and everybody. When these two great
questions are settled for once and all
then the people can look for prosperous
times
What the country lacks now Ia con-
fidenCe. and confidence. when one thinks
OF IL. Is the basis OF all personal. private
commercial and business succeSs-from
the lowest 70 the highest. The bankers
and merchants in this town would not
DE ia business today II they ala not have
confidence that they would make a living
and perhaps a little more. We could not
borrow money IL the loaners dld not have
confidence that the securities were good
enough 10 insure payment. IL is a Ger
tain lack Of confidence that makes high
interest. II I go 20 n bank and want
20 borrow some money they will charge
mo 10 per cent hut II the government
horrows Il they viii only charge s per
cent Thus you sec they consider gov
eminent security the best. for no matter
what happens they are Just as sure as
the sun rises and sets TO get their money
hack with full interest And what Is
wanted now Is confidence. II the capital
lists know what kind OF money they are
going 30 have and what the government
proposes doing IN the way Of sending
money out Of the country tn the payment
of new bond issues 20 settle deflcit--That
an Insufficient tariff creates. then they
viii have renewed confidence and will
have no hesitancy % let their money out
and make improv emcnts."
Mr.. Griffith says that a great deal OF
gold is being taken out OF the mines in
colorado. and 10 has been said that there
IS great excitement there over the new
finds, which are beneath the old silver
lodges OF ieadVule ana also AZ CriDo,s
creek lie SAIL that in all prohe hilirv
mor" goli VIII soon DC produced there
than silver
Won't that have 3 tendency % make
the state q gold community instead Of a
free silver stronghold, as at pressnte' So
he was asked
II may in time" he sail "hut - viii
have to come very slowly. for the psorle
thrrr are the most unreasonable class on
free silver you ever saw. Unless a man
S. for free sliver to Colorado the peonls
juSt about condemn him and tell h,r he
is a fool I never saw community Ike
g NHt the gold strikes have been re-
Uarkahl". You know Leadviile was a
great sib cr-prc1gCinE town. and great
frrtUu 's were made there The ore was
found Gee great blankets ana was worked
( out 30 being soft ana OF high grade. ren-
durl0g froni tto 81 81 ne a ton Nav tan-
nels have bccn sunk below tho ola ore
vfins ana a most surprising discovery mas
I hreo made tn oterr great bottles of SOFA
ana silver ore lylnE about Ss fett below
the oit bst This ore prp4ares thont Sc
or Slso tr0 IN Ec.t ana about Slfo !u sl-
N~r When ths Nls found damon
assI was utt.sFai 90 uvn~pe.f wtth a-f a
/ ho3y ~ th5s are was found over oe fee.
in wi3s So one ehank Without more
ai1 tary fssf iampe3 rght tu and ifeau
~.uAtuE 3 fsr-el Nhr0 thry Eor down "a
certain tls-AH-s O. sUhterrareen rNfr
h-rr- in on thr Workings. ana -ae- thsr
wru- o. W e-h ara E7t jag ~ ere nlear>,
plmpi1< planes tnry could Eet ard wrE.
~ &as pumping oat ,hf mater. and Wheu
l-r, ta COME ~ r~t tNry naA co5 20 wltr-
a th-.e feet %. fse ere II s. crt4t
t.r,r-s,t..o, a-a * regarded as a mos, Pc
rnarkahfe HoA Ucls nesrtrx are az Grip
.t- t-r.-k Sc a-earf aa PISA as Thar frrf-.f