The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-27

momu Vv08x o. n01D u0uEY.
Whsoh = nses valuable 70 ne communa-
-. 0ore Uensy IN The hands Of unonsyed
asn, - mare work for The wAge-sarners7
Thak n rs lssus which the people viii
. eal1sd upon 70 determins By thar votes
cns wsek from today. That - the issue.
sdnisting that al the Populsstie prognos-
sloasions - 10 the result OF Tres silver are
coeTect.
X = not the want q money In the Unit
u ntasss which = The trouble With the
ccunsry q present. The trouble lses IN
the fact thAt those who have money will
ns1fher spend 4 70 the extent which thsy
spend IN good t!mes. win not loan II. and
viii not invest Il h snt@rprisss which give
esnplpymsnt 70 ether men. II every man
who his thousand dollars hocksd up In
= saf4-depostt vault Or buried In . sack
uhould by some magical process nnd It
6oubled In amount tomorrow. that fact In
tseif would not make him any more tn
eisnsd to invest the amount, 70 pay It out.
or 70 spsnd It. than he u inclined 70 do
with Whist he has today. There = SUBJ
atantiaJiy - much money In the United
States - there ever Was. The amount
per capita circulation u very much lars-
er than Was the case daring some Of tho
most prosperous per.ocs which tho coun-
try has ever witnessed. but i u only the
urssicaiiy In circulation. because those
who have 4 wall not let 90 Of mors than
suszcssnk 70 meet their running expenses.
whi0n sxpsnsss ara much lower than they
wesv SONS ysArs since.
Tho NEST SERIOUS trouble il not that
thsre = : contracsion of thu currency. for
ehsre q none. There II certain contrac-
1ton of credit. much more serious thing.
5or credit h the basis Of n.ns-tsnths Of the
bnainsss transactions 1t the world.
10 permit tbs silver mine-owners and
Spectators n bullson to tr~nasorm that
bullion into coined money without expenas
10 them. does not mean that necessarily
tsssre VIII be = single dollar more Of money
IN ths market Tor the purchase OF CON-
mcdstses.
The extremely small number of men
who would thus have cs.zaed dollars where
rhey now have bullion. would have little
more actual wealth To expcnd than they
have now. They would buy 40 more. they
would create no new markets for prod
uefs.
The opening OF new factories which
would give employment TO flf,y thousand
men would put more money. now lying
Ale. into active circulation. would create
, more active demand and thus higher
price for commodities. would create a
better condition in business circles. than
poaid be obtained by coming every part-
ne Of the silver bullion now sn existence
In the country into dollars ana paying
kae<e dollars over TO the men who now
swn the bullion.
Yet this country - divided into twc hos-
tile camps over tho proposition whether
u not the country shall change tn none
larry standard. risk = panic and the sus-
pension Of an Industrial operations. for
the sole purpc~e OF permitting certain
wealthy gentlemen. = mere handful eeia-
lively speaking. 10 take certain bullion
Mach they now own. or are in q position
10 readily produce. to the msnts. have Il
stamped a. doisars and returned 10 them.
10 remain their private property. and caiy
b b paid cut by them to someone a.ss In
return for work or some commodity.