The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-07-21

dspar.fy bet weer - IRON fas
rn.-rs- -, and Spurious sssrsars fo-
| Ia a--~s-s naszsed subsidszrv con rhgnA
r. yo,,..5l Dy me lasorew and r,~.ass.1a-
ard rear;.s LIZ sTsfoTe. that the gold stand
~. 49,. :. are the rnoney-cnareer~ 49,,
out are ne-t oron wtp.ng
"a - 80 . ! is essentially an a-ns-s~.v
e@,s favorable 10 the rr4sf rvastr-. y, -.
ezfss- 1870 r differentiation in the ne
49, currency rafsos OF So ,..,-.,1s-
.aflhg exchanges IN ss,-r--r,, a. .i -
-- 2, MS existence wf.brs,, 4. -.
gone 0os1f'a Ion would b
cen. ne american ratio contains mr.
-, "f SILVER n excess ~ - -. =.
- ne -atso % the e,.her f,s-.s.ss IS
49,. since equity o. con- $500 =,
- arc production are s--faa-4 .s-..-a
&C.,. result from inequality a. 81
A-oss...1 iot.ows thar 70 return % 4hs
ce,ts~@s -. L1t.o would Dc 70 persist in z
80 favorable 20 the rnonev-.-svz-e-s
"a Ugh Tot ~ any mems =, ...-.e-.,e
= a. ne system he row ertovs ~.
s = 10y ne most uninvittn~ asra<. =. -
10 el0f, out = viii serve sos. r. -.
r.C,s,Se la1 ne primal cause for action -
r.rns-Nss...ii-n me order OF the merit Of the
f'tsi'osttlons. then. We have:
J. Bi-metaIlisn
- - 80 ana unlimited coinage Of silver
soia a. the ratio Of Is tot
~ Nf'h1 nono-mef aIif.ua
"Isy sa'eiy discard the aa.-er "a a
- -t.VS tFllan scheme fatal 20 ire rrog--s-ss
o. Christianity and civilfz..,o- 80
az Up ne two former r,rinctrles ne ss,sft
--oeoFer mat In fighting for the -5rss a.
- cp'ltentifng for the Iuaflnnstle ,ssnts
- -, nor Tor the temporary PROSPERITY
rigstae. out Tor the relief and enan-
a.I.al.oh OF desDoiled. tax-riddeu ara bnn-
serea millions: not for the r,,er 1-,,.s 80,
aSserlon Of our inherent r,over - eels
SelPortf Dut for the granier da-norst,-s-
L-oai mat under the Declarattor ~ Trss-
s ,a.aeI,es ana the constitution we xttu
~ .,t, ",asEiorn, vitality and generosity
.rs ~ another victory for humanity
.ts hFst and the only sincere affe-,rt
- D.-hetaIissn was made by France in
ere ieash OF the fated Louis XVI. The mil
,ssophefs ana scientists OF the time. SCARF
,'s - - al directions for the causes OF the
tsf1utlon, then steadily encroachiner t,r,-,r,
the crown. found that one OF them exis+s.s
al ne nloney-ehanger. Turgot Malesher-
pes Necker and their kind had 20 deal vith
.Hs prVoieIn. A practical and painstakine
als,ssis OF the volume and quantities Of
~ ana SILVER demonstrated two facts
my were exceptional in relative DENSITY
ana from century 10 century natura,s =
sources. acted upon by man had alltomaft-
caliy produced them In precise cubic ratio
Alitr series or nice calculation on con-
sumption in the arts. natural loss by
ABRASION and subtractions for subsidia9y
OF internal coin uses. they decided thai =
the nations should by agreement adonf for
me coinage OF all the ratio of Il 10 / the
meter or the money-ohanger would be no
more Through the agency OF the crown a
dfplomatic pour parier OF the Euronean
nations was brought about. and at that
monarchic intrigue IL was agreed that Ar
coins should be called into the mints ard
reissued on the basis proposed by he king
Oh france Thus Louis, while the people
were unco9sciousiy preparing the guillo-
tine Tor hign, vas conspiring In their inter
ests IN manner thar Christ. had he iive.i
would have been the first to approve The
fecoinage had not been long in use till il
was discovered that the gold was grad l.
ally oozing out OF France. An expert In
curry disclosed the startling fact that Eng
land and Germany had violated the com
pact and were issuing the metals at a ratio
of lSls 10 l. Why? Let the money-changer
answer.
A premium OF per cent in silver was
thus secretly placed on gold by the two
countries named, and the inequality OF ex-
change was re-establshed. particularly Ia
the interest of the money-changers Of Lon
don. since Great Britain was selling her
products 10 the silver mono-Enetallic peo-
pies OF the Orient. The economists Of
France say only one course. and the king
took II by recalling the - 10 coinage, and
reissuing on the 15ia 10 basis. The other
European nations were not slow 10 follow
upon being apprised OF the trick played
upon them.
Hamilton. the most profound student
and economist Of our Revolution. a soldier
In the field and a statesman in he closet.
was fully impressed with the wisdom Of
the Frenchmen, and in his message 70 con
gress awaited himself of the exposition OF
ratios made by them. Unfortunately for
the subsequent financial history OF the
he a wa re II - n
ratio succeeding the conference. and again
in the interest OF the money-cha1ger. tie
United States adopted the ratio Of IS 10 l.
Every one is familiar with the conse-
auence Gold could not be kept in this
country for the same reason that IL left
France. Subsequently came the silver de-
monetization act Of Great Britain. which
poured the white treasure she obtained in
the Indies and South America into those
countries where she bought, and we got
more than our share OF Il. since we did Eot
offer by 8 per cent as much for gold in the
exchange as did the European nations.
Put an inspiration seized our statesmen
in 1894 and with the vision OF tho silver
stores to come from the great mountain
ranges secuted by Clarke and Lewis and
the Astorlans. and at that time under ex-
ploration by Capt. Bonneville. they gave
us a ratio OF Is 70 J. SO that we offered,
out Of our virgin resources. our anticipated
tnfnes and our labor the silver per cent.
with which Great Britain had been Jug
cling SO long. In utter disregard Of the
work Of the French economists. or IN tg-
norance Of IT, the United Sta-es again
nlaved into the hands Of the money
changer All the hiuciary arts Of our con
r-rass since then. and. in fact al the fduci-
arv acts Of the civilized nations since the
s3o-,.ion nj she rs % I ratio by The United
states. should he STYLED laws Tor the
maintenance. support and encouragement
OF tho mouey-changer
ore illustration Of the money-changer'
grants viii suffice. The so-called Sher-
wan clause providiag for the purchase Or
1 100 90 ounces OF silver each month tor
,.,tir,,a+e coinage into dollars was devised
an alleged method of keeping the con-
ss,,,,ntlon az, 20 she product. IN order 20
demonstrate The so-callet natural or au-
.ov,ati., Marty OF the metals. l. was only
,rc.he- or the many Illusions palmed OF
On tr,stftll peoples The maximum pur-
chose was made Discretionary with The
secretary Of tho treasury. Who promptly
showed that he was concerned on the
.,her side Of ths, experiment FOR the high
-. r,,-,.hsae he permitted to be made IN
-. 49, month Naa . ~ 40 ounces. When
silver f.alfon was weQ forced into the
.,,,r,ax Afa,, kster's market by this very de-
es4aa Motley % GtSrTedit. the houSo ~
fs.-hs-h3la was enabled 20 satisfy the
Austrian financiers that the United StAfes
50 virtually aha nyl0ncf silver "a mon
a., ~ email redemption, The RothSchilas
Sssl The heud Of Austria for &.4"t"9"o.
:. IS Z. silver bond. that e - say. the
asN+ az dervo,a!uatezf was 80 Dc ltquida I'D
n silver. Al the instance OF t3'e changer.