The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-07-23

GsS~aStTotS consequences may be ayerts1
nv an interaa tsonal adjustment with the
leads1g commercial nations ~ the world
Practically shss means gold uaonc-metsl-
Ism. FOR. under the system OF flnance in
a'fgDrafed by Harrison ana continued hy
Cleveland. silver Is denied fts time -hrn-
ored use "a redemption money. ard has
become simply 9he material upon when
Is stamped sold promise And SO our
ETFrTnsscSS, at2r treasury notes and S4k-
vsr certificates. Instead ~ being money.
have heen turAed into n gold debt. and
tie primary money or the country Is
confined 20 the limited amount os gold.
approxsmAtirS SEQ 90. .aae. which an Aa-
verse balance CT Srase Is constantly de-
psetirg, with al the attendant lis cf
continuing nond ISSUES. The Democratic
party has declared fer the free and un-
limited coinage az silver AZ she ratio OF
IS 10 I. without waHinE fer International
action. While &c has made other 1cciar&-
fions in its platform. Il has announced
that the silver question is the paramount
issue of the dsy. and that 10 70 all other
questions are 20 Ne Suoorilnatea. II has
nominated candidate Of uninapcachaele
character, OK exalted ability. Of inticx-
tola integrity. OF high purpose. who has
never faltered for a moment in his de-
yotgon 70 the cause or hi-ynesaihSfn-
Firm but not headstrong. confident bar
not Sesf-Sufficient. near 10 the people but
not demagogfc. determined for reform yes
without single incendiary speech or pas
sionate utferance to mar his record. pos
sessing happy combination Of The ora
toricai and logical qualities. young. caar-
ageous and enthusiasts. vet deiiherats
and wise he stands as the ideal canii-
date OF a movement which. though term
ed movement or reform. really means =
return 20 the wise conservatism OF our
fathers
'~The issue has been presented by =
party which has been recently dlscredit-
ed before the country By the financial ara
Industrial disturbances which IL has Gre
ated through the repeal OF the sherman
act. and by threatened and actual tsrtfc
legislation. dragged into financial aglta-
ton by the determined will OF an exccu>
tive whom II has since renudisfrd. u pro-
poses not merely TO reverse existing lexts-
iation already enacted. but 20 SO further
and declare for the free and unlimited
coinage OF silver. and. beside. II proposes
TO guarantee the country against further
industrial disturbance and any agitatou
for further changes in the tariff LAW. ak
cent such as are necessary 20 mako un
the deficit of revenue. Tho latter an
nuGneensnt is particularly gratifying >
many OF us who believe that The silver
question and moderate protection are twin
issues: that the former means protection
10 the American farmer AGAINST the dis
astrous competition OF silver countries.
that the latter means protection TO tho
manufacturer and his employees againse
the disastrous competition of cheap foreign
labor. and that Il is only by tho union or
the productive forces OF the country.
whether in the fieli or the factory. for
mutual protection. that the renorSeiess
power OF monetary contraction can be
stayed. While It would have been wiser
to confine the Democrats platform To the
issues concerning which bi-retalllstS
4ssxf hllW
plesa uniiication OF all whe silver forces.
vet a single question is presented 60 sin-
cere hi-metaillsts throughout the country.
and that In whether they VIII permit dst-
ferenees as 20 non-essential issues TO dl~
vide them. thus insurinz the defeat oe
their common cause. or whether. ureserv-
ing their Independence Of conviction and
action ns to non-essentials. they shall an-
cent the brilliant leader whom the Dem-
ocracy has nanied. and. uniting all tho
silver forces. wherever organized. INTO
one lnvincIble army. march 10 victory In
November next. / apprehend that the sim
gleness OF purpose which has thus far
characterized this organization VIII be
apparent in our deliberations here. and
that It's action will be inspired by this
highest patriotism and by an earnest de-
sire for tho advancement OF the great
cause which means 80 much for hu-
manlty.
"It il not intended 70 pay debts with
sO~cent dollars or TO drive away gold or
10 debase our currency. Our purpose sifn-
ply is BY increasing the coinage and uas
OF silver and by giving 1t equal privileges
with gold, To raise its value. and. by de
msnlshing the strain on gold which gold
mono-mefallism has caused, 10 take away
unjust apprehension and thus. by pulling
up tho value or silver and pulling DOWN
the value of gold. to restore the old ratio
80 than sixteen ounces OF silver VIII be
.a9a fr.g a., fxrkss
ounce OF gold. Thus the old unit OF
vaIue-tha do.iar-based on both metals in-
stead Of one will be restored. and we shall
have a gold dollar worth 100 cents In silver
and a silver dollar worth 100 cents In gold
III we are asked why this ratio to deter
mined upon. our answer is not only that
tt has been tho customary ratio
for years, bat also that the total
stock OF silver coin IN the world
is 81 600 600 90. that the total stock or
gold coin Is approximately the same. ard
that IL the total stocks of silver and gold
were each melted into a solid mass tho
ssiver would be about sixteen times ~
great IN weight az tho gold mass We also
answer that today the relative production
or the two metals ia IN approximately tbs
same proportion. We must establish BY
law some relation of value between
the two metals. and We propose 10 value
silver as ft will stand after restoration 10
equality or privilege with gold, and not
while Il il 5sscreaned By unequal laws
'srhe advantages Of the restoration of
hl-metalilsfn are apparent. 1t VIII flot
only give the world an increasing vollfsus
OF currency proportiouea 10 the inereaso
Of population and 20 the extension OK
business commerce and enterprise. but e
win do away with the disiocaison Of tho
exchanges that has existed between gold
standard ard silver standard Countries
disloratson which has immensely Htimis-
lated the production ~ silver. Epgiandp
wealth consists in gold. Our wealth corr
pfsss in property ard products. Engiand
ia a ers4ftar nation. the United States -
a debtor nation England IL interested
in having money esearer and products
cheaper. We rely upon good prices for
our products IN order to pay our foreign
debts. England proposes 80 pursue q
nosicy wnich wiii increase the value *
the gold she owns. Ought not we 10
pursue 4 yaIiey which win Increase ihs
value of fhe property We own ana tbs
products we exporfg DO the imfsaiorE ~
English policy IN this country realize
that there IS n difference between buyer
and seller. between Tire creditor nation
and It's dcbfar or producing nationy
what shoulg be oar policy, Why. to in-
crease the Use of silver. and In fStay WY
iucreaAe gts value 80 as to restore it's esf
parity with gold. We fnd thai the dss.o-
cation between gold ard silver has given
che advantage In production to countries
that are not on gold basis. thai their
foreign products whoSss prtcez are Stab1s
In silver although reduced In geld, mrs
competing with ours IN foreign markets