The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-09-19
THESE ARE FACTS.

/ cer.eDoe sfTcrS.1 by ar exact similarity o.
| tiEne, conditions and purposes.
AL thes. essentials 20 a strict parzNs
| 70 u. present agitation win its possible
| consequsnces are 20 De found IN the case
Of British Honduras which has within
the last four years passed from silver
to a god standard. A. the request OF the
North American Review. Sir Alfred Mol
ouey. governor OF British Honduras. has
written q paper explaining the reasons FOR
the change, the methods by which IL vas
acconp she'd and the results which have
followed. AZ this colony In on this con-
tinent, Ia the neighoorhooc OK nations
which have for years been under silver
standard and therefore familiar with all
eas advantages 4 IS supposed 20 possess.
and as It Is an exporting colony where the
benefits OF selling 10 a gold standard coun-
try should be AZ their best, this forms an
excellent illustration. coEpactiy presented,
Of the workings OF a country under both
tho silver and gold standard
The movement originated in the colony,
the imperial British interests being best
served By the maintenance OF the silver
standard. The change was strenuously
resisted by those who dealt IN money or
Bills OF exchange. because. as Is always
the case and. "a we should remember.
was eonspicuousy the case when this
country id not have unl.orp currency.
II was the trafficksrs in money who profit
ed by fuctua.ing money values. About
1892 II seams that the people n the colony
began To feel the effects Of the depreeia-
ton OF silver. and they were particularly
felt By those dependent upon hxed in
comes and wages. The people OF Hon
duras did exactly what We would havo
done had England attempted to force US
20 silver basis IN the present condition
Of the silver market Of the world. when
all civilized nations vera adopting the
gold STANDARD. Tho people vigorously re-
jected IT, They became 50 dissatisfied with
the conditions that they finally menor-
lallzed tie queen for legislation providing
ne goa standard. and that the coin
should bs the equal Of the dollar OF the
United States. British though they were.
tafy d!j no. reject the American system
OF coinage because 4 was a foreign sys-
tenn; they adopted Il because they had
learned BY experience that Il was the
most convenient system. How amazed
those people must be to nnt this great
commercial and Intellectual nation going
back TO The miserable system shared by
Mexico AMI China which they have tlst
abandouedl
g'hs agitation began IN the latter half OF
lS92 the chief causes being the gradual
decline OF the public credit. the lnstabI-
lty OF The value u the standard dollar as
measured IN terms 81 gold with IS alarm
ing and embarrassing depreciation, the alb
normal ana htfM rate Of exchange and
tho constant arrangement CT trade. The
governor says that there prevailed con
stant worry and bcwil3er.nS uncertainty
which resulted practically IN the CONVEX
sion OF legitimate ~a1s into speculative
gambling
In isai ths purchasing power OF the SCI
eczlAlej = cents goit: az The tine or the
establishment II O-tobor. 1924. Of the new
standard it vas represented by 81 cents
The descr pti1p given Of the conditions
which existed until tAey became un5ear-
able. is precisely what the s3uu8 noaey
men have been warning the people would
be The consequence or free coinage n
this country. According - ire governor
ne fluctuations produced such uncertain
~ thas traders we're tazed imports d.
creased. SEEING prices had to ts constant
y res1lustea aa3 greatly advanced. ard
the man burden fell upoa ne consumers
whose income. ~h~;h.r cxsd or as wages.
had no, eorrespor3.nEiy increased
Thls Is not story teld ~ Macaslay of
conditions IN England a hun8red years
ago. It : not a picture drawn ~ Senator
Benton ~ conditions in he United States
afty years $50. 8, IS 20, a bries. spec ally
prepared 30 prove Theory o. conditions
eyistne p-'or 70 1S-7. Usef.1 as au these
msat - II fsrn sh.nr information ans a..
rorains heaean itSh.S ~ which % guide
car footsteps -ra.s Nas greater va.4s
s.al. I, Is simple. t~otatai d.eiote~asted
narrative of events happening r.Ea, a.
+ our Ger soi - r.eens.Y - % be- cA1a Sc
+ - instant d,ap~c1s = any q. statement =
nsa-. ant .t = rs.stea ey a responsible
avf-x aetha~fty vpca whom d.SyrA-.
weus "a = Pc sNe4ls So guilty q ms.
/ s~p-~seasatea.
IL IS uo-re-ssa~y sers 20 ~sproaro~ to
sescr.s" - tee ra-tao1$ sfeG.ea .
Ing nHs4t go change TNsv resulted n
sae9te- e. th* - e SOLAR os -r> I'nl-
.e3 sstee - A.,-r.-a a.. - s.arsa-s coz
~ r-.rs> 1l-rs--se a-3 ue.3s ~ ga
r-tes safes ua at .-SA sea-