The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-07-08
II5

all the more important that we shon'd res
do so. as the limited stock OF the world
would have q larger division. ard q
smaller share for each nation. Previous
predictions have been puncfuaIly refuted-
Prosperity was pTophesied to come upon
the Union on the repeal OF tha Sherman
act. Instead OF helping the treasury re-
serve. az II was propheSled IL would do,
an unprecedented raid was promptly
made on IL. and 81. 900 OF borrowed
gold has been insufficient 10 guarantee Its
security. Instead OF causing foreign coin
70 flow hlther. II las stimulated the flow
OF gold to Europe. and greenbaeks and
Sherman notes. which are just as much
payable In silver as IL gold, have been
used 10 drain gold out CT the United
States treasury ard store Il IN the strong
boxes Of the lords OF Europe. Instead OF
reviyinx business. this folly has further
depressed Il. Instead OF increasing wages.
this policy has further decreased them.
Instead OF multiplying opportunities for
employment. this policy has multiplied
idiers. Instead OF inc-eassnx the prices OF
our products. this policy has lowered
them. u Is estimated. about rs per cent
In thirty-three years. Instead Of restor-
ting confidence, this policy has banished
confidence. Instead OF bringing relief. IL
has brought years OF misery. and for the
reason that It has contracted the cur
reney OF the United States 81 head for
every man. woman ana child since No
vember !. 1879. and with this vast aggre-
gate contraction the pAce OF land and
manufactured goods and all kinds Of sgri-
cultural and mechanical products has fall
len. but taxes and debts have grown IN
burden. while on the other hand means OF
their iiqugdation has been diminished In
the meantime. gentlemen. commercial
failures in this nation have increased.
dividends on bank stocks have shrunk;
three-fourths OF the railway mileage In
the United States Is now In the hands OF
receivers, and the country has received
sis.ck from which IL vii take years TO
recover.
'dn this distressed and contracted con-
dttson the nsw-ffAdge1 nanno-Tneta1list asks
US to declare for the gold standard and
rely for relief upon some shoStiy dream
OF fntarTa tienal agreement. But the peo-
pie now well know that the conspiracy OF
European nonarchles. led by Great Brit
ain, has purposes OF ACKNOWLEDGMENT 20
subserye in war trFon American silver
Money ard stand IN The way OF such agree
meat. With their credit they seek 20 en-
hsnes the purchasing power OF the thou
sands Of millions which are owing 70 them
ell over the world. ard which you owe to
them. They draw upon the United States
Of America for their food supplies and
raw material, wheat. corn. oil. cotton,
iror lead and other ike staples. and seek
20 get IL for the least money. Besides
tails Grsas Britain has large gold mines
IN South Africa and sosth America. and
By closing the silver mines. has greatly
enhanced their production and their
values. The recent British aggression en-
Venezuela ard IN the settlements OF
South America was moved by desire 20
possess more OF these gold rnsnss. and.
BY rsonovalzipg the metal as far "a pos
She . assert British commercial sa-
presnscy over the weird
ssSo nation can cali itself free and inda-
pendent that does not establish and main
tain financial system of It's own. eEsrsat
appgauSel To pretend that this. The fore
most. richest and most powerful nation Of
the world cannot coin tts own money
without suing for ar international agree
rnsnt a. the courts of European sptscrats
who have none BIT px.nary interests 20
serve has for many years been heid out
az every presidential eaection. They have
made use Of such arg inert and have