The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-08-14

The question az To the effect which tise
klondiks discoveries wal have In seceier-
ating .he return al prosperity II now the
subject OF general discussion among
wouisi-sse authorities In economic matter.
quite number Of theorists assume tie
position that even should the klondike
produce the amount Of gold which II Is
exported will be mlles next year 80 CO.
~ according to some estsmales--this fact
~ itself. win have no material bearing In
assisting the general business revival.
They point cut hat there is already an
abundance OF money tn the world. that
xs0e. os0.cD In gold In reported Ia b. lying
Idle In the hanks OF Europe. and that 10
accession To the worlds stock OF gold
could by any possibility have any effect
upon assisting IN the restoration Of pros
peritv. All rev gasd viii simply he
boarded, as IS the stosk In hand.
This soft OF argument leaves cut of con-
ssasfation certain thlnsS which IL would
Esem should b. sufficiently obvious Laav-
ms 60 enc side she use Of geld as money.
and looking upon IL as a commodity. the
situation II this: \ limited number 81
ssen IN a very hrief space OF time are *
ieesed Ia produce eemsBoify of whscn
they sssn dispose. asme $5e.eo ass in value
w.thnal emitting he market end without
ssilrsng the sale o. any other cemsnodl,y
II new market and = sharp demand
had been made for Sasspss osl worth n
asserlcsn steel. Of American corn. whsas.
sosten, taeaeeo, OF sily osaer staple. ~oglG
ii got ~ AZ onee oouslseecd that this
ssisla siimulete business abnofmaliv ard
lnaars q aaddsn reylvas al PRO pert,y :
lsfvana anS .iotsiiou of - doubt this re-
au,t sania follow sCt. ssili On the cers-
moiity theory. how nsucn kte.uor Is stin-
,ias san he leosScsi fer lfela .hss a0ea 81
gaii. eas.sess aside frora the MARINER ia
~s.sca Il xii 80. eease tiic vo}sme cf Size
circulating medium = new my rl5-g gor
.teoi coal or lroa, 20 ,he pcopor CONS mem
toned venld aad largely SO ,he wealth II
prudent ana ceseefs atiyv business uieu.
ahey weuid - a. cautious iu their laves,-
merits as they ars with their pres ~ fur-
saney, Taey mishs not 9nlS feei dise.
.iinea 10 insest tae surplus 50 earned az
al. hat might elect 10 permit Il quietly
10 accumulate sa 81 reserve 90 % ussd
whsu the next inevitable Period ~ panic
and dcpF, ssian comes. perhaps IN The next
decade,
Tho mAr who euddealy acquire faftopes
rs the gold giel3s ere ms ~ thst class "a a
fuic A very considerable share ol What
they VIII set WIFI be promptly zpeut
some IN Reckless foiiy seG tae remainder
in lmpros ns the standard q living 81
shemseisea and fsmlllea, TIE mcrc prv-
don't. who viii rot s4aaeGeg ihesg rnoaey
VIII promptly prueesa Sc lsycst "a. that ii
may cowmerce u earn an income ca
which they een i've.
Ii sae Saeoa.pas which It Is estimated
~lg he produced frosn ths HfaaAke xsr,
Ia esase. Instead. from stpxls barge
msne. owaea BY "a corporation e wealthy
men. and paysnS low wages 10 ft4 ems.
plescs. il nlsat be Ga0eted whether 80
production would have saeb s,insa,atGoe
eaect upoa business rs /; Sil have under
existing circumstance.
There is san aao,hes manner Ira whgch
esfk4 &S4AE sEAftf Aftt t-tN te'-+tH etisf f13F
question. s,se SOLD discoveries oi ths kj,a.
s,ike VIII prove * advssfase 80 tbe vseg.
county They have vanss3 toe tt8sh q.
thousands AZ guca. Which - % iucrease g,
tens II saeaasuds in few mcnSes hate
the Yekcn region, A tndCstr, ~fll Z.
orenes. there whtca mas resais IN t1.e per
nnsnen; employment * las.an n.se. Taeas
,aea are With tsawa Cfous competition 80
the laeor asarseS eieowheyc, ard 'eu> 81
MI be easter Ter seoss ho Aave mot eeas
80 obtain wosk; aaa tog the same -eas>-
% aesssansi ana rece{yt setyer wage. Thz
saaa which they NiG lgo5yoe wil3 atws's
be IN unlimited demand the market taa
never be flooded T7sere viii r. ne 0cca
son. 50 leng as yAe sanpIS ren2aias laex-
k%s,sscd- Ger arg shutting do~a 81 81