Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1895-12-13
THE POO CENT DOLLAR
THAT is THE SIZE OF "a GRAINS
OF GOLD.
Saying That Times Are Good
with Them, Yes-With the People,
II Is BOSh.

at things vs. they really are. Ther'
can be no measure of prosperity TO
the American people that will not b'
joyously welcomed by this journal
At the same time it ought to be man
ifest to all who intelligently scan th'
situation, that except by comparison
with the awful depression OF 1893 ant
1894, there is no prosperity" in sight
1t should also be apparent that the
conditions indispensable for perma
nent prosperity do not at present
exist. Every article which in fam
ing headlines heralds the return ol
prosperity is SO plainly intended to
kill off the "silver ISSUE" that il
should deceive nobody.
The Chicago Record of the Goth
inst. contains long special from W.
E. Curtis under the caption, Revival
Of Business" The closest analysis OF
the article fails to bring to light a
single fact which sustained the title.
1t is merely resume of how the New
York bankers feel and what they at
present desire. Mr.. Curtis begins by
saying: The New York bankers are
paying very little attention to poll
tics and even less TO the subject OF
financial legislation by the next Con-
gress. This is unmistakable evidence
of prosperity. While there are cer-
tain laws that they would like to have
repealed and amended. and certain
propositions they would like to have
embodied in the statutes, they are
generally adverse to all financial leg
islation for fear agitation and discus
sicn will disturb existing conditions
and retard the improvement that is
felt in all lines of commerce and trade.
find almost universal confidence that
"good times" have come again; that
the country is recovering from the
long and severe depression and is
entering upon one OF prosperity that
will continue for at least a decade,
and at the same time there is an ap-
prehension lest Congress may dis
turb industry and trade by unwise
legislation or prolonged agitation
that would be quite as disastrous.
When things are going right the men
who handle money want to be let
alone, but when they are worried they
appeal to Congress for legislation.
Just now they would prefer 10 have
Congress adjourn as soon as possible,
and they wish that the presidential
campaign could be postponed"
So the fact that the bankers are
paying very little attention to poll
tics is unmistakable evidence OF
prosperity" Mr.. Curtis must have
been studying new system of logic.
1t does not seem to occur to him that
the bankers have recently placed
themselves upon ground that gives
them great advantages over other
classes, and that they may deem it
sound discretion on their part to
"lie Aow" for awhile and take no
chances of losing what they have
gained.
The bankers know that the very
moment they ask for financial legis'
lation, they open up the whole none
tary question, revive the agitation
which they fear, and with the abso-
lutte certainty staring them in the
face that an adverse Senate will thwart
any scheme which they may bring
| forward.
They think silver coinage has re.
ceived heavy blow, and if they can
now prevent renewal of the "agita-
tion," it will die. So for the present
they are anxious to let we'll enough
alone. Hence the claim that "goOd
times" have returned. and there must
be no discussion of financial matters
They seek to disseminate the belle
that any further discussion OF silver
will check the advancing tide o
prosperity" Prosperity as easily
checked as that must be a mere
shadow.
No banker has ever explained, none
ever will and none ever can explain
how the complete restoration of silve
to its former right OF coinage coult
destroy the prosperity or retard th'
progress of our country.
That Mr.. Curtis understands tn,
bankers instincts is conclusivel,
shown by the statement: "Whel
things are going right Chat is 70
them), the men who handle none,
want to be let alone, but when the,
are worried they appeal to Congress
for legislation"
No truer words were ever written
Every panic in Wall street has beer
marked by the most frantic appeals O
that great money center to the ma
tional government for help. And tn
help has generally been forthcoming.
! Under such circumstances the bank