The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-02-23

Seattle NASa.s Feb u lsS&
To the Editor: That the whole United
states. especially Tire West. IS s15erias
froSa nssd times il self-evidens. The cause
OF IRIS ccndittoa is en3y interesting from
an hlssSrical point OF view and as an in
sSrnctSen Tor future guidance Ire usoSe
important consideration fer tire present Is
DOW Ne are going TO gee over these harIt
tllhes and again enjoy prosperity. ] viii
eonssaer this latter question.
/ suggest two resorusss First. q return
~ proper congressional lsgislasson 20 -
sarn Ter revenue at least. bur s11ch a
taran with ear great government EXPENSES
amounts Practically to q protective che.
second the adoption ny congress OF sha
doctrine or iasssez fsire on the monetary
aSesaoa--that Is. let the financial question
alone
There Is plenty ce money IN the ysni,.s
states per capita for all oornsne-elaI &C.
znands. True, We have lately had heavy.
drains made upon us by European sous-
tries owing 70 the silver scare. ous eyer,
yet in the Eastern money centers money
is piethorie--an fact snuoA more so than
conIiaenee- This country IS n DEBT to
Europe and many or our best securities
and investments are owned by Europeans.
They have put their good. sound meney
into this country and naturally want il
back IN kind end value. So that when thfs
threatened silver clon6ourst arises, thu
good money is recalled by its owners ana
a panic snSues. This ts what has been hap
pening the last Jew years. The Democrats
were not wholly 10 blame In this. Ihsir
bat their Wilson bill lid 81 grea. deal tn
deplete the treasury.
The Western congressman and senator's
have done their best to wreck this West
ern country. They have been haunting thas
free silver dag in the faces OF our creditors
and the owners Of sound money. Hv sound
money l mean that which has the same
purchasing power all over the world The
result is that people with money tana
there are lots OF them in this EasO lose
confidence, get afraid that they win hs
paid back In cheap money. and so natnr-
ally hoard. The United States government
might Just as well buy printing presses OF
the Populists and issue nat paper money
as coin silver unismitediy at the ratio pro-
posed. Is 20 l. I am friend OF silver. but
] am a better friend OF this government.
and that is the reason don't want 10 SEQ
the United States prostitute Itself TO thu
level Of India and China by establishing
silver as the standard. Subsidiary silver
coinage Is good. and 1 hope to see the DAY.
when an International congress viii tlx the
ratio az Is To 1. But we can't do IL our
selves, and the more we try the poorer we
make ourselves. Then again. II Is all fool
ishness 10 shake our fists in the faces or
our creditors and try to repudsate cur
honest debts by offering cheap silver mon
ey in payment. This idea or volumes OF
fiat money Is all hosh. We can't be Jade
pendent OF the great commercial nations
OF the world, and when we try TO give
them stone for the honest bread We owe
they won't have IL, get Disguised. with
draw their confidence and money from us.
and hard times and panIcs follow.
Get higher tariff and stop crying frsA
and cheap silver and adopt the standard
money of the great commercial nations OF
the world tthus getting their condolences
and their money!. and then we shall have
a return OF those good old times We can
now scarce remember. 6OA..