The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-03-22

0uDitc GA0ekJn81s X ID oeotKBolS mat too
people DECLARE their coaviot1ons and
Wishes. NE objection u 70 what muse Be
Q comparatively small numbsr Of mn
swarming into the iobbIes and galleries
for The purpose Of stimulating members
The PLATFORM SHOULD BE
CLEAR.
There n no Disgusting the fact that TIE
leading Republican Newspapers are not
satisfied with the Ohio platform. ana
many of shsm are demanding that ths D.
Louis convention shall b more explicit.
At isas. to the point Of eliminating fro0 .
Republican declaration Of principles any
prsienss that Il Will aid m effort to sstab-
Nsh the free coinage Of silver 1t the ratio
Of 70 b l. There never has bssn any doubt
IN the minds Of bt-mstallists ~ TO the OBJ
ject to b attained. namely, the preserve
ton 1pr al tims 70 ooms q . parity Of
value for all forms sf American money.
but there has been . grave difference Of
opinion a. to how far the coinage IL SILVER
might be encouraged without menacans
that parity.
Some Of those who have had . hand IN
the formulating Of platforms have EVIL
IDENTIFY not realised that thsy were advance
ing to point which was not without ap-
prshenston OF danger. The moment the
quantity Of silver money assumes such
proportions n would disturb the balance
4 A. -. AZ
would begin. There has bean = very large
number Of men who started out with the
belief that by some means . compromise
could be effected which would preserve to
W all the advantages Of = parity Of value
and ct the same time gtve silver the value
II had twenty-five years ago. They are
now coming to NE inevitable coneiusioa
that such a compromise is impossible.
Nations IKE the United States. Great
Britain. Germany and France. whether
yer standard. have successfully mains aimed
an equal purchasing price for both gold
and silver for tho last twenty years At
least. On the contrary. where the silver
standard has been adopted. or where the
double standard-to use the usual term
has been adopted with too great pre-
ponderance OF silver. there has been .
serious nuctuation and depreciation Of the
silver coin In Russia. although silvef 10
the nominal standard. the relation Of the
silver ruhse to the gold rubie il as ssa 10
ia Paper 10 the actual currency. ana its
depreciation Is not measured by the silver
standard. but by the gold standard. Aus
tria-Hungary had the silver standard.
and from ls7& the norin gradually dsprc-
ciated In value in tho markets of the world
from as TO g In 1899. when a gold standard
was adopted. and the empire now has .
stable currency. Mexico. which h pointed
10 a. an example OF prosperity with the
silver standard. has suffered a deprecda-
tion as compared with the United States
gold dollar. of from si.0i7is In ls.a to as
cents in 1895. Japan has the double STAN
dard. and her Ro'd and silver money
should be as interchangeable as that Of
the United States. but she has permitted
silver to acquire such an undue prepon-
standard silver has become practically the
standard. and the result Is that while .
sold yen is worth g.. cents tho silver yen.
which In the eyes CT the law is Of the same
value a. the gold yen. is worth for com
merciai purposes only SIS cents. The
same consequences would follow In this
country II an effort was made TO put by
law a fictitious value uron silver 20 be
coined in unlimited quantities whether
the difference between gold ana silver
should be called an appreciation Of rold or
a depreciation Of silver. the consequence
would be the same. and that Consequence
would be commercial disaster.
II realty makes No difference whether
go'd or silver or paper - tho standard.
provided all cen hs kept az all times on .
parity. hu. since tire whole world s.4ns
to asr~e that sola shall b. tia standard,
and the Consequence has Been that sasA-
el 90 wheat coming from ary r.rs % the
world always represents In SO sin~i dsssrfs-
utins markS, tire same price IN roli. 70
IL much easier for o commercial nation
IKE this TO acc~r. that standard thar u
would be 10 attempt. unatsei 80 he<,slase
- that st,v~r toiiars should BE always
kep< ~ ~ leve, with what the world
considers the eq,svs,ent 90 gold Sscusr
We heltese Il 20 hs impossible. Srt even
81 not Impossible. I; would ~ exceedingly
6stnou,,.
Thc~, who sre IN faves ~ Nxisiasia
whsrh shall advance the price o. scia ~
ecns~aosics the volume u currency form
. very small proportion OF the con,n~r-
cssi wer.i TNsv ave mere .-sssck--s N
gold. ami s,-nNcss ilists have to ~ On theft
guard as mum, against TIA tnsrAina; Ions
Of this c'sss. which h powerful Trough
r,eacer In numbers as ehey have 80 -
against the -ors,st-scs cc rse~ silver 90
voca cs. Ccrtrsc,son % the cu-rer-v 20
rc,a sioas. 2, Is c,~fr~a. vcs-ss give that
metal unt,se purchasing re~~r. Wise the
rssinseosnce Of . fui, vesn-ne az rerrc~
scr,a.tve currency siffscs~stiy rvstrsessa
60 prevent an overflow. removes sfat OBJ
,~nron. To tnss prsnesFse The Reca,>sscsn
rarty has hssn rasis~a sssee ISIS ard a.
though for . fs~ ysars grr&s concessions
were n,A1s to silver. resulting n the c.,sn-
ASe ~ hassr~.s 90 rt'slo<< ., .oss.rs .ns