The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-27
FALSE THEORIES.

Every day since the campaign opened
mas served 70 open the eyes Of the people
to the faisdohasurs Of the Populistic che
ories which they were called upon to in
dorss. The main outcry from the Popu-
lists at the start was against the money
power" which had lsrrt the money to de-
veiop the West. and the attempt was STU
diousiy made TO inculcats the idea that the
money lenders" Of the country were mil
LonAtrss and piutocrats. It was shown by
the statistics that the bulk Of the money
loaned to the West on farm mortgages
was made up Of the small savings of the
poor. the money deposited In savings
banks or invested In life insurance poll
cies: and that on the average It required
the aggregate savings OF four persons to
make up the amount loaned 70 one bor-
rover.
The campaign opened with cry Tor BIZ
metailism. The showing made is that
this country has the only bi-metaliic sys-
tenn OF coinage In use In che world. II Is
the only one In which both silver and gold
are coined and circulate coincidently and
at parity with each other. II il ALSO
shown. and shown conclusively. that tho
free coinage OF silver would reduce the
country to silver mono-metallism, and the
advocates OF free coinage now admit that
result win follow che adoption Of the poll
icy.
Then there was talk from Populistsc
quarters Cor long while about the pur-
chasing value OF the dollar being too
high and that free coinage would reduce
1t. The SOUND money advocates promptly
admitted that free coinage Of silver would
reduce the purchasing value OF the dollar
ons-half-woud cut II sQuarely In two, In
fact. They denied. however. that the man
working for wages would receive any ben
eft from having his wages cut In two, and
the wage-earners Thoroughly agreed with
Them There Is no talk now IN sections
where workingmen are numerous about
the dollar being too good. That talk is
confined to some of the back counties and
Is kept exclusively for the farmers.
Now they are making their last final
stand on an appeal to wage-earners no.
to vote the same way that their employers
do.
There are very few men who work for
wages who lack Intelligence to the extent
that they are prepared to believe the Of
fice-seeking agitator who assures them
that their interests are opposed to those
of their employers on questions such as
are submitted here. II free coinage will
work an injury TO the employers OF labor.
1t most certainly VIII work an injury TO
the men employed. Every wage-eanner
knows that the margin of profits Of his
employer has either been wiped out en-
trely or has been very low during the
past three years. II that margin disap-
pears altogether. or II by reason of a pam
employees VIII be out OF bob. That's al
there Is to 81 The employers OF labor al
most 20 man believe that the election OF
Bryan would result IN panic and conse-
oueas ruin TO them. Believing so. they
have, IN some instances. plainly laid the
matter before the men. II there Is a panic
II they are ruined. the men VIII suffer IN
the soss Of work. Now. IL there can be any
conflict Of Interest between employer ana
ernp'oye over tbs matter. we would Ike
10 see bow tt can be pointed OUT. Certain
~ the men cannot henea, by the ruin of
their employers: neither can they profit
IL BE Is forced TO suspend business for a
siEsae by reason of panic. and every man
Intelligent enough to hold sob knows
tssss So far as appears. this - the las.
weapon in the rorat.ssfe armory.