The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-12-03

compromise measure. which will become a
law.
III the senate were Republican and in
harmony with the house on monetary
questions. | should look for currency leg
isIation. hut with free silver majority in
the senate antagoniS,ic 10 the ideas OF fhs
majority OF The house as 20 what consti-
tAtes a SOUND currency system, ! do NOT
see how IL Is possible 20 secure desirable
currency legislation Of an important CHAR
acfer.
Possibly some disaereeanle amendment
10 the national banking iaw mlght ne
passed by the senate. The senate joints
resolution for committee and report on
n"eded currency legislation passed at the
extra session Is still in the hands at the
finance committee OF the senate ana may
De reported back ana considered hy the
senate as sOoH as congress r+'st~S@ns bies
While / should De pgeAseo 10 seu iag3s-
iatloa thaS would remedy the want Of nex-
ihiaiy of oar banking system. and wosiid
separate those functions of The treasury de-
parirnsnt which relate - ths government
demand notes and certificates u4sd as eur
Fsncy fT0Tsl those whica relate 10 current
- ee3ptS aau expenditure ana fhus net-
ter protect the reserve. yet 1 believe that
* y Sun nicieIlt for AL immediate purposes
10 know iaat the administration ha~ the
power AID II determined 10 defend the
present monetary Standard. Indeed vita
sufficient revenue 10 meet all current ex~
pendtures, as ws shsiI haze Ia the nest
nScal year, the treasury department can
accomplish Ji7e purpose indicated wHhciu
any new legislation. Legislation howepee
- desirable Jfes{iss, uDdaf the existing cam-
ditions oy which The ggFernFTs az aatse ara
redeemed ia gold. Thers are Dalg fea vas
III - Hffa &fifS can be djshtsfSnd. viz. ~
purchase of government bonds ar Ia ex-
change for gold.
''Imulg ration legislation Is Hhety to ne
contaminated Some leSiSiat31n snay II. Ys4-
a4itod 20 strengthen the hands ~ the inter-
slate commerce CGHImasStca. wn8sa 0ewer
has been largely taken away by lae cot.rsx
/, Is said Fhe railroads VIII again arg theE-
pooling hill. Preliminary census issIal8t{ou
- necessary. Undoubtedly the efYort 10 So
cure the admission of Arizona ana New
Mexico ssaGes viii he renewed sserrls
better form o{ government must te given
Alaska, and fhe postmaster general will
urge his postal savings system
Il nave reached no conclusion on th@
question Of ii1e proposed postal savings
system a. | gant urst 20 knox more asa-
niteiy how the d. posft can safely b. ln-
vested; what slls bs the effect on the ex-
ESslnE savings bank sgsteFH. wn3eh has
proven - FaiBabls. AMI wnether she tend
ency - the ne% system would b. 20 dFssv
capital from tae more fhiaJy papi}A1p.B
parts of fS@ eounlFy twhere more capltaf 81
naSsnf - already r0ngesfed alth capital 9r
10 make il available for lase outside these
cEEfars.
"t'niess those who Save canvassed the
- nate are tn3ea mistaken fne Hawaiian
annexation treaty wiii either bs promptly
"a s4issG ~ TIE senate Or th@ suuexa san
resolution passed and HAwaa brought into
the Union AZ territory.
speaking tor ms Eeif. ] thlak feat sTtFnd
policy and the hesxt interests Of CUBA re-
aHtra nat me question OF aar attstaae tG~
ward the Island ard Spain be left wttt sae
president, waa has already done maca for
The Cuban cause.