The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-30

UNJUsTLY BLAMING THE GREEN
II OK

President Cleveland's recommendation
that our financial troubles be settled by
the retirement OF the greenbacks has not
met with very favorable response. and
II is not probable that his suggestions in
this particular viii be put IN legislative
form. at least for some time 10 come. Ii is
not from an utter lack of merit in the
presidents ideas that there is a failure to
answer his urgent appeal, for there are
many who believe the greenback should
20, but it ia rather because the remedy
suggested Is thought TO be totally made
quate TO meet the present emergency.
Moreover. the proposition to retire this
form Of our paper money would be more
favorably received II IL were believed that
II was offered In all sincerity and not with
the purpose of serving as deception.
There IS large number Of our national
legislators who would no doubt vote TO
take the greenback out OF circulation. be-
cause they DO not believe IN the govern
ment acting as an issuing power. and who
are firmly convinced that our paper money
was a war necessity and should have been
CALLED IN and destroyed the moment the
government was able 20 10 g. To this
extent Mr. Cievelnnds ideas viii DE very
cordially Endorsed IN many quarters. AS
20 whether this retirement OF our circu-
fating paper will work a financial saliva
lion. under circumstance AS they now
exist. IS very different matter. and in
this respect a great many public men who
are not averso 60 the destruction OF the
greenback vii not admit that the prcsi-
dont has properly diagnosed the case or
suggested the best remedy tor present Ills.
In the FIRST place, there are a great many
" no DO not believe that the administration
IS thoroughly honest IN ascrihing ali our
feeent financial troubles 10 the presence
81 grccubackS In our currency system.
They know that the deicit-making. bond
selling and debt-incrcasing record of the
party is difficult OF defense. aud they real
tze that an attempt Is made % excuse
Democratic had Judgment and short sight
sdness by throwing o1 all the responsible
ity on the greerhacks. President Cleve-
land and his secretary Of the treasury
ought 10 be we'll aware that such radical
legislation SIS they propose could not be
enacted in moment. as a sort ~ heroic
rfuaedy FOR sudden financial distress. and
tha clumsy trick OF making me greenback
suffer for a lack OF wisdom in the recent
past will not succeed.
Whatever objections there may be - Tho
sreeaback VIII not conceal che practical
and irnportau, fact nat the Democratic
tarlr policy has failed 20 provide suftl-
cies; revenue ana ;hat large sums ~
money have been Borrowed 10 meet the &C.
felt. This Fact cannot bo Put out - sish,
~ spacious talk about endless chains.
The people know that there VAS no qs.es-
tgoninS az the sreenhack's iutecrlty. n5
trouble about the golt reserve. 20 lack
OF funds - meet current expenses aoE no
secret bargains vth bo1a sy03tcates 80
prevent collapse % the treasury when
tho Republicans were iu control They
VIII not admit. therefore that paper
money WHICH for years has been perfectly
good. sheu.d 9ow prove unreliable or dan
gerous without some strong ul,erio- rea-
son
The xveenhack vas "a g'oi as sold
and there was ro ,alk ~ endless chains
uaul lSsl the last year 81 the NcHinley
law. log q that tire cur revenue was
ample aoA our tcht VAS decreasing. The
Shsage Which has raised al th3s talk
ebout The Ganger ~ maintaining our rsper
circulation came cny wheu she Wilson
German law bad besua to take effect.
whea our forelsa trade became crippled
and some e. eur sources % revenue were
cut o1 Il IS not the sreennack watch
has beoaghI ca al ths trouble. L = tha
nsw .aE.1. and The truth Is 80 aVP4rea,