The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-08-09


veDgeazes as -rantsos1 as re aggregate
wealth % TIRE r~pubslc trsnsesn6s re
comparatively small limit cf or 5or4sd
oe5ts. Remember that en- aggregate
wealth f. always Increasing. ard our
ponsiess esbt steadily growing less. IL
pasa in good silver dollar. the bond
noA1er has noshIng &c complain Of II paid
I N an Inferior dollar, be has the same
grievance that vii be uttered ssiu more
rssintfyely hy -. holder % ne legal tend
CT Dofe and CT the national Saak bill BY
the psasiouer BY the day lahorer. and by
the countless hosts OF the poor. whom we
have s-tfh ~ always. ard on whom the
most distressing effect OF inferior money
Wiz Be ultimately precipitat@d
But must say. Mr. President. tha. n.
specific demand for the payments OF our
bonds n gold coin. ard II nothing else.
comes with az IL grace from certain
Quarters. European criticism IL leveled
against US, and hard names are hurled a.
sss across the ocean, for Simply daring 70
state that the letter OF our law declares
tas bonds 10 be payable IN standard coin
OF July H. ism. explicitly declared SO.
ard declared 50 in the interest Of the pub
lie creditor. and the declaration inserted
IN the very body OF the eight hundred nail
Hons 81 bonds that have been issued since
that fase beyond all doubt. the silver dol
lar wss Included IN the standard coins OF
that public act. Payment az that time
would have been as ACCEPT abe and as
undisputed in silver as IN go.i dollars, for
both were equally valuable IN the Euro
pesn as well as tn the American markets.
Segen-elghshs OF al our bonds owned out
OF the country are held in Germany and
In Holland. Germany has denlonstized st-
YER. and Holland has been forced thereby
70 suspend its coinage, since the subjects
OF both powers purchased orr securities.
r~a az
We made our specific declaration for pay
ing our bonds IN coin. passed law de-
stroytng. so far az lay in our power. the
value Of silver as money. do not say that
Il was especially aimed at this country.
but Il vas passed regardless CT its effect
upon Us. and was followed. according TO
pgSllc and undeEied statement, by a large
Investment on the part OF the German
government IN our bonds. with a view. IL
WAS understood. Of holding them as a coin
reserve for drawing gold from Us TO aid
In establishing their new gold standard at
home Thus by one move the German
government destroyed so far as lay in It's
power. the then existing value OF silver
as money, enhanced consequently the
value OF gold. and then get into a po-
sltion TO draw gold from Us at the mo-
ment or It's need, which would also be the
moment OF our sorest distress / do not
say that the German government. In these
successive steps. did a single thing which
Ii had not a perfect right TO do but / do
say that the subjects Of thai empire have
no reason 10 complain OF our government
Tor the Initial step which has impaired the
value of one OF our standard coins The
German government. by joining with US
In the reconciliation OF silver, can place
that standard coin in It's old position. ana
make IL as easy for this government TO
pay and as profitable for its subjects 10
receive the one metal as the other.
When we pledged the public creditor in
lso that our obligations should be paid
In the standard coin or that date, silver
bullion was worth in the London market
fraction over sixty pence per ounce; Its
average for the past six months has been
mty-four pence the price reckoned In
gold in both cases. But the large differ
enee is due In part TO the rise OF gold as
well as 10 the fall Of silver Allowing for
both causes and dividing the difference,
II win be found, In the Judgment or many
OF the wisest men In this country. per-
fectly safe to issue dollar OF As grains
standard silver one that anticipating
the fun and legitimate influence OF re-
monetization, viii equate Itself with the
gold dollar. and effectually guard against
the drain OF our gold during the time
necessary for International conference in
regard 20 the general reests blishment of
silver as money. When that general re-
establishment shall be effected with a
coinage OF fewer grains. the dollar which
am now advocating Will not cause loss
or embarrassment to any one. The miner
OF the'ore, the owner OF the bullion the
holder OF the coin. and the government
that issues Il, will all In turn be bene-
fitted. n win yield a profit on recoinage
ard viii be a6vantageously employed in
our commercial relations with foreign
countries. Meanwhile It viii insure 10 our
TAI at 81, sfsff q lie -
dollars worth Of work
I think we owe this 10 the American
isborer. Ever since we denonetized the
old dollar we have been running our minis
az fun speed. coming new silver dollar
for the use OF the Chinese coolie aud the
Indian pariah-a dollar containing 40
grains or standard silver, with It's super
iority over orr ancient dollar ostenta-
tlously engraved on It's reverse side. To
these outside barharians" We send this
superior dollar. bearing all our national
emblens. our patriotic devices. our pious
Inscriptions. our goddess OF liberty. our
defiant eagle. our federal unity. our trust
In God This dollar contains seven and
half more grains OF silver than the IA
nous dollar Of our fathers" proposed to
be recoined ~ the pending hlli and more
than four times as many Of these dollars
have already been coined as ever were
coined OF all other silver dollars in the
United states. In the exceptional and Alb
normal condition OF the silver market now
existing throughout the world. we have
! felt compelled TO Increase the weight of
the dollar with which We carry on trade
with the heather nations % Asia Shall
we 80 less for the American Iaborer at
homer Nay shall we not do little bet
ter and little more for those OF our own
blood and OF our Own fiTestdb2 II you re-
mone;ixs the dollars OF the fathers your
minis viii Al once b put 10 work on two
different dGllars-diferent 81 weight
different In value. different IN prestige.
different ia their reputation and currency
throughout the commercial world. II will
read strangely IN history that thu
walxhtssr and more valuable % these dol
lars Is made for an ignorant class 81
heather laborers n china and India and
that the lighter AID less valuable Is made
! for the iuieillgco' and eaacateA laborinx
man who r. citizen % the tTTzsted States.
| Charity. the adags says begins AZ home.
/ CHARITY, the t13epc nacut American labor
I ar seorts 20 ask. bat he has the right 70
/ demand that justice should begin a. home.
| In his name ard IN the name az common
ssus. and common honesty I ask that
80 American congress wii not force upnn
/ sha American laborsr an Inferior dollar
/ utts the naked and furnishing laborers
- T,ssts and China refuse 20 ACCEPT
y,hs hfli which I now offer as a suhs;i-
.,ts so~ the house biu contains three sim
/ pc provisions
~~,f,. ~ standard silver. shall have an
/ limited coinage. an3 Se az Unlimited legal
ss-,@-ts-rast al The proa,s OF coinage
shall 40 zoe The xovernn7s1t ard not 20