The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-06-09
SEATTLE, TUESDAY. JUNE o.
rHyr suygws FALSE LOGIC.

FREE sfLyEws FALSE LOGIC
The Spokane spokesnan~Eeyis1 says
the country was prosperous under the ii0-
erai coinage OF silver, yet we are toia
that agitation for sae thing when went
nand-irs-hand with prosperity 10 fhe source
Of existing distress" We reply that such
q thing il quite possible as tseing mistaken
as to cause and effect For instance.
gambling went hanS-in-hand with pros
perlfy.s' and for that reason some ms
sasded peopie agitztec for return OF II IN
ordar that 4 might bring back prosperity.
The gookesman-Rs Review wants 20 know.
n il In want OF confidence which u keep
sng money locked up and held out OF the
channels Of trade. why the men wao hold
tac. 90 90 IN silver coia or coin certificates
aon't try 10 unload them upon people VIII
snx 10 barrow them and give god notes N
sxcn&nge-' People are not silling %
give gold notes 10 exchange; they want
10 give their promises 70 pay IN the fa-
.ure. and confidence II lacking beeaRse
the lender does not want 70 take chances
OF being compelled TO take back con GER
s.rcases representing silver which ne
fears VII become deprecated y It's free
snd unlimited coinage a. a fictitious ratio
OF value.
So far the spokans Review Il INDUCING
n false logic. bu. when IT gees on 10 say
that the country Was prosperous under
the liberal coinage Of silver IL states
fact which f. no Less open 70 controversy.
This proposition may be considered In con-
necfson with another Ia which II says:
I'VE are further told that the country
cannot again be prosperous until It ae-
cepts something unknown Ia It's history
namely, the gold standard absolute, and
ths suspension OF all silver coinage"
II can hardly be forgotten that the coun-
try which was no prosperous. as the
Spokesman Review puts IL. under lib
erai coinage Of silver. was SO dissatisfied
with shs condition OF affairs az the close
OF ten years. during which time We had
coined $500. 60 600 OF silver. that i went
over IN . body almost 10 the Democrats
party in order to ind relief. From 1870 nn-
I'll is73 the average coinage of silver dol
t@tR<Tfe~e
certainly not over noa.oco but In 1872
alone we coined ssl.esD.ooo and did not so
below 81. ooo.o 900 IN any one year until issz.
somesines rising as high as $40 .ooQ.oo in
one year-she year 100. Yet after all this
vast coinage Of silver THE people were so
dissatisfied that. we repeat. they vent over
almost in a body to the Democratic party.
without pretending 20 be original We
state IN the following few paragraphs
few facts which ahew how nntenahle -
the posltlon OF the Spokesman Review
when n says II Is something unknown in
this country's history 10 have the gold
standard absolute. and the suspension OF
all silver coinage. Even IA the year 1874
We ccsned ss.2oo.sso silver dollars, which
was larger amount than in any year In
tho history OF the country from $50 20
ISIS
Prior 20 1884 we had silver monn-rnetai-
nsn. gold being driven cut OF circulation.
while even our silver was FOREIGN silver.
the cheap and worn eoins az the foreigners
driving out our own silver dollars. 40 that
It's coinage was soon discontinued.
After lisa. while legally having the dou-
bic standard. We had practically the sold
standard and goia mono-metaliiarn With
absolutely no silver IN circulation except
the subsidiary coins.
II Was not until We abolished the legal
double standard and went in law as veil
as I'm fae, 60 tho single geld standard.
that we had any real hl-metailiSm. with
airnest equal proportions OF beth sold and
silver In circulation.
II was because cf shsse positive expert
snces and the abandonment by all adj
xanclnx commercial nations az silver as
standard. owing to its enormously In
creased production and SIS consequent de-
crease Ia value In the markets Of thu
weri3. that this country wisely gave ZAP a
contest In which It Was naanlFestly bound
10 be placed al a DISADVANTAGES. Il = now
accepted an a fact that when under shs
Law We had free coinage ef beth gold ard
silver. we never had b.-rnstallse eirca-
iasion. bus always either had sold mono.
snetaiiirra or silver usono-uatsilisfa. u hEle
with free coinage OF enly scis We DO have
a hl-ms,aIlie circulation sustaining cur
reney cf almost sss<l parts ~ Sold anA
silver.
when. therefore. tbs Spokesman Review
advises ns 20 &c back prsor 60 ISIS as the
time when Tiers was greatest rrospesttx.
n veaii have as SO beck Is eoassio=
which gave us an aneRsl average og s.. aae. .
essa OF silver - an sanaal average % abeut
81, GO 90 sola. tasteaa n ksegsax aors
nearly a oeaasstsn whica ssves as supply
or So. oeoo q silver 70 tas1ase. Nao ef sois.
beth circulating e. sn absolute parity.
To put n another way Waite tn ia fss
coinage % gois Ia ssis ecssasry vas - 81 =
~. the silver courage was eaty Sd "a.
rs cut Of a rroeeetsaa g s.. nc
IN no year after ;hat a.. tns average
OF geld coinage reseh - aisa as that
az sssa aut rrem - ssea tse Pro-
eaesson a. silver wss - ~ s1s tAs e.,lm-
eSe os silver ross % ever s. 8ssaaa aas
kept almost that pveaosae- ser elsvva
years untl IN fSS ths preaestten was essv
$500. 80 bat the co,asse Aa& seaches 80
sssraxe og almost s. sssagse lsss auagan
Nos. IL "a liberal eeln&ss % ssiysxs IL