The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-12-09

rhus should be no difference OF opinion
sDous the peopse a. 20 the basis upon
v46oh President Csevssand predtcase- his
GnAncszl policy. This ss not g matter q
po,st>os. II only enters info politics when
a reaches sns point OF considering the
aspect ssse nnane1sa sdifcs D. 20 assume.
LEAVING oU af consideration THE sussatu-
con Of Cat money for our present cur
rsnuss and the even more unwiss sdop-
sson Of free coinage Of silver AZ fictitious
rutso. there remains a saifsciently vide
assa Cor diversity OF views upon ne sub
1cct OF \ bstter money syssem.
President Cleveland has been very coair-
srsosss in expressing bis opinion upon the
subject, and ne has not heatated 20 profit
by tho knowledge and the suggeztsoas o.
men outside has own party. + y one q
elp.e subjects which should b approa ahea
with absolute disregard os~parfy lines;
ard the condition OF parties. fortunately.
a present favorn such course with much
more than usual freedom fr1En uncon-
sclous prejudace
Tnsrs can BE- no sound objection 60 TIE
proposition that me best plan would be TO
sessre from circulation and eancel all gov
eminent currency obligations upon which
sosd may be demanded from ths treasury.
There would be- no objection whatever to
n u were not for the fear shat the con-
sequence would be q contraction Of the
currency. Mr.. Cevsand considers that
This fear 10 not we'll founded, and no ex-
preases very decidedly me opinion that
30 have plaesd altogether 900 much stress
uxson tais Danger Of contraction, and have
Sslcwaatsd too isrsse upon the gold that
Wosad DO added to our circulation II jn-
vatsd 70 us By better and safer finAncsal
RsthodA
HI plan for mat safsr condition viii bs
met more roroih<y perhaps By sentiment
ynAn by reason. bus tho sentiment exists
and Il canns be dlszspstsd BY argument
a. present II takes two fornA One OF
these II the anspathy TO bonds. and the
oaher " s,ss parssanty for paper money.
NJ Cleveland proposes 10 retire che grsera-
backs by the tissue o. bonds. and thereby
sets himself scuarely sthwars The united
favored alternative scheme n 90 oaneea
and destroy the Greenoanks As thar are
presented for redemption sn2teaa % re-
Sswaing them. This 10 q slower renedy,
but % would overcoms one OF the ohjec-
uoas and svosd too aerivs influences Of ina
Uthsr II mean. that instead Of reieeming
eur currency dsts by bonds which must
ultimately 10 redeemed by TAXATION. they
shall be directly bos more slowly redeemed
by taxation direct
II would not be necessary. probably. 90
call IN the outstanding or discontinue ss-
suing gold certificates There ssems no
reason why the government should con-
s,rust vaults and provide protection fer
gold deposited BY pr!yats inasg auals aad
Sssus demand certificates. but II would be
. concession TO the preference for paper
circulation and 90 the fear of a TOO sud
den contraction CT the currency. Win
that exception. the currency Indebtedness
should BE gosten r!d 81 as early Rs posi-.
he.
The mischief wrought upon the Inter
ssts OF tails country through the scare
about che maintenance % the gold re-
serve should be Sufficient warning 70 TIE
people thai there l. danger present IN
our financial syHtam which should be
killed Because. AIR. Cleveland very sound.
iy observes. we may be sn1oynx a tsaa-
porary relief from rs depressing influence.
chat sAould not Ian IS iato false So
curity nor lead us 70 sorEs, a. sadasn-
ness OF past vts,tauona
The lesson has not eeea iosi upon husi-
ness men who have correctly sauKea ne
situation. Already a movement has been
started simultaneously In many paris o.
shs country 90 infaencs coekress Ia re
right direction. The Republican congress
ana the president saouls Seld.y ana
promptly adopt some such measure n the
present congress Will not Il woula ss
better for ne country - - present con.
srs.s IA =. 20 thai . raG ssa far trsal
aatxht be given OF me SYSTEM before ere
Haxs sisettan