The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-12
SEATTLE. WASHINGTON. MONDAY.

II ln9e0ssbse 20 the stern voice OF the iaw
ana re.penssve 70 me passing whin,s Of
Worse. 60 my mind. than an this. is
the spirit OF socialism that permeases the
xnose movement Ehica has ssc~f from
ids convention Of Chicago. II Is the In
transitional OF Europe now taking body in
America OF this one cannot but be con-
vlnces! when the movement IS closely oo-
served. the Shfbbosesas os its adherwu~s
listened 70. the dtscourses OF Its orators
carefully examined.
The war OF class against class Is up
sae properly here. No other meaalns than
as1ss cs1 oe given 10 the appeals 10 the
fenW3n people ID the iADorer.' TO the
Ec1csa1ion against spiutocraEs' and cor
porAssons and money -gyabbe-s and
bankers Many adhererss ot the move
nant DO not perceive is snli meaning:
torches which. corne In the hands q recs-
less men. may hsaE up in the coaEAe the
inrfd nres Of q commune.'
America heretofore, has been free
from socialisi.c hatred ana warfare: 4
has been a country OF opportunities for all
iaen. and IL has given 70 the iaoorer q
~ lssei.aood here and better than Is afford
81 aim In any other country in the world.
" sais al 10 be csaangei7 Is social chaos,
gloaz.ng over ruins, 10 be the method OF
socal elevation OF the massesy There
may De room m some things for peaceful
amelioraron through a well informed pub
nc opinion and orierly legislation. but
class natrvSi and angry passion never lead
20 aIgnE oat general misery and suffering.
The peorie of Anerica must today look
waruy round, guard against each words
and misleading war cries. avoid giving
any counfenance 10 socialistic or anarcS-
istic tendencies and know that the first
condisfon OF prosperity 10 any and all
classes OF the people Is a peaceful COM
The moneiary que question E Is. indeed .
secondary Issue in this campaign have,
ncwever. my convictions in this matter.
At rstio o"a Of usa ID 70 asa by he " rni.sa isi
States independently OF the other great
commercial nations. into dollars which
the whole business OF fke country and
bring upon II financial depression far
beyond anything which We are now ex-
pericncing.
Archbishop Walsh Against Then.
II an often confronted WITH the panlph-
iei or Archbishop Walsh. o. Dublin, on
i-mefaliism. as a reply to my objection
g re silver resolution OF the Chicago
bhtforn. The pampalet OF Archbishop
situation In America The archbishop
discusses bi-mstaIiism versus mono-wnetal-
,,,.l. n,sn-snd that only from ore. point OF
view. the effect OF mono-metallisgn upon
farmers contracts under the land Yur-
Ease act In Ireland. He expresses no
o4anion as 10 the ratio In which silver is
90 - coined and he manifestly pre-sup-
poses raat J.-mstaliism would re brought
Soout under an International agreement.
lie explains that India was unable 30
Keep up silver currency independently
Of European nations 1T was impossible
Tor India 10 obtain the loans that are alb
soiutely 4ecessary for the development Of
fae country. ana the reason given was.
Ii the hactuation in the relative value OF
the rupee IT Is the silver currency Of
caina, he adds. that ssops the nakirxg
pamphlet is throughout a solid argument
against the Chicago platform.
TO wha, he says We might add that
France and all the courtrse. OF =ne Latin
Union together were ultimately compelled
10 give up bi-mesailism. 50 long as other
countries Of Europe would not cooperate
with them. The question before the people
OF America today is the co.nage OF silver
by this country. Independently OF the great
commercial atoms OF the world. at the
ratio OF Is TO ]. This ratio is the double
OF the present commercial value Of silver.
The consequences OF unlimited coinage
under these circumstances are easily per-
celved. The one hope OF the silver party is
the value of silver TO 81. % an ounce. maas-
ured in gold. On what authority is this
said? On that mere word Of the men who
make the assertion.
THE experience of our country contra
diets the assertion. The purchasing of
SO gne.e coo worth OF silver bullion per year
under the Sherman ac. was not able to
prevent the fall in the value of silver
from over dollar an ounce 10 it's present
low value. The experience OF France con-
iradicts the assertion: France. with all
five up the coinage OF silver. lest. over
loaded with the silver Of the world. il
should lose all its gold. Common sense IS
against the assertion. Silver is now pro-
duced in such quantities at such small
expense of production that i.s value cam
not be kept up 70 its former standard.
And. Is the whole business OF America 10
be imperlei by leap into an experiment
which those very men who advocate It
confess 10 be only an experiment. and
which experience and common sense con-
denim?
THE boast that the United States is
able alone 10 whip England. and the rest
OF the world. into the coinage or silver at
Is 70 ]. or 70 advance the value Of silver
up 70 S.29 an ounce. ss mere nonsense.
We are vreat people. indeed but we have
net Yet grown 10 that com rnercfal strength
that our country means the commercial
world. Oar national pride may give us
extraordinary dreams OF our importance
but Il wili not do 10 build the business or
the country upon these dreams Would all
the commercial nations together, coming
silver Al Is 10 ]. bring up sne silver value
o. bullion 10 sl.g per oanceg Perhaps;
strong commercial reasons suggest inc
contrary. Would America alone bring sill
yer - 1922 Assuredly not. though OF
course the nox demand for silver from the
rntnts would give some Increase 10 i;s
TsEue. which increase. however. mixht be
oase; by an Increase OF production.
That Shy Old Fox Bismarck.
''Sorne imagine TIE ratio OF gold to sill
ver was always 10 10 !. or tnereabou
The ratio was constantly changing
throughout historic times. Al one time
silver was more valuable than gold; at
the time OF the discovery OF America sill
Yer VAS ten times less valuable than gold:
90 years before IL had been eight times
less valuable. The ratio Is constantly
changing. aud he question Tor us today
Is not what The ratio WAS at the preceding
date. hat what il should De IN our time
Bat has not Herr Bismarck counSeIed
the United States 10 20 aheass and make
ths experiment all sionea Yes and some
Americans quote his advice as authority
The sly old fox would. indeed. ba pleased
10 see America make the experiment.
and 20 to the Bottom Ca the sea
Free coinage will then give US money
worth. in the commercial markets OF the
world. a listie over haif its nominal value.
No one imagtnes that the stamp Of the
government gives value 10 a piece of met
al. IL merely cert!sies 20 Ihe quantity and
quality Otherwise. the government Sfars.o
wsat as we'll be af'fxed 10 copper or TO
mere PAPER. IL the government stamp
gave value. she ds0asei coins issued in
tire past nv t1pscGnious soEeratgrs would
net have Fujusa tie subjects cf tn0<z SOW
eTefgns and the assisuats OF France aud
n century agc. would nor have sold in the
market almost "a government rags Ise-
gal tender. compelling men TO accept
against thefr viii money above tts conn
mercial value In the markets az the world
Is rank Injustice. The early financial
statesmen * AEnsTSea. jefferson Morris
Hamilton. neve. tauueat OF making the
legal value of coin higher than the COM
sneFe3sl value ef the metals OF vsafch the
gCins we're F3a8@.
Workingmen Would Snr~r Most.
''Taen. via the rassage o. free silver
coinage. shall SaVs = currency re-
tsates3 al }ts nominal yaiae from tbs mar
kess ~ the world. ard unstable ana yst,e
tussizs~ la real value RErssress cannsy~
pZ0sss@r wttb sszcA sgrEena.y TIE rs-st
cer3sfen eE the life O. business is sea-