The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-08-13
THEY YIELD TO FACTS.
STEWART AND JONES OPENLY
GIVE Up SILVER AGITATION.
They Admit 7hHt IL Cannot Live In
the Face eff RetuFn~d Prosperity,
With Wheat Rising end silver
FsfiiGn-AlaskM Gold Discoveries
Main Fsetor-Pienty of Money
Grn&hcs Trusts

NEW YORK. Aug. l2-The Times to-
DAY publishes the foilowlng
Senator Stewart Is ore OF the latest
converts to commercial optimism He is
bull on everything except silver He is
engaged il vigorous campaign tn Wall
street and he said yesterday that he
ff~eFa 81 much about better tifngs that hc
had determined to gather In part of the
prosperity u hlei IL not only rampant ia
the street, but throughout Glse land When
asked wat had brought 4 bout the change
10 bis views, he said
There IL no roam for pessiualSm In this
country No one can be a bear ia the face
OF the wheat famine In Argentina Rus
sin UaHsAfs and India. In view pf these
conditions abroad. should not be sur
pfissd 10 see silver sell for - cents and
wheat high as 81
There ts nothing In talking silver at
the present time and my advice TO my
friends in the West Is 10 fall In line with
TIE forces OF prosperity and progress and
receive their due share OF the reward
Arc the people Ia the West alive to
this new situatsons''
The people IN the West" he replied
are wideawake. They know d good thing
when they see 1t. Most o! them are hang
ing on Ia their cereals with confidence
born of hope and actual knowledge OF
what Is going on around them. With
only 10 iiquidate their Indebtedness TO the
money sharks of the East, but will In
augurate buying movement that will
surprise the people In this part of The
country. / think that by the late fall the
truth of what | said and reiterated during
the campaign Will be generally reeog-
nized. and this Is that there can be no
general prosperity ia this country that is
not born and sustained In the West"
Senator John +. Jones. OF Nevada, who
Is spending vacation in this city, said
yesterday that the continued fall in the
price or silver ought not 10 surprise any
one.
silver Is falling. I'm the common par
lance, he said, because OF a falling off
OF the demands for ii money. Japan
has gone onto gold basis and SO lessen
ed the demand for silver Besides this.
there has been, because OF universal hard
times, great falling of In purchases in
the East. The Oriental countries use
silver as money, and our purchases are
paid in that metal. The demand has been
cut OF by reason of the hard times"
OF the increasing gold production in
Alaska. Mr.. Jones said:
Il am not opposed to prosperity through
any Increase in gold. The Republicans are
very lucky and congratulate them on the
fact that this great discovery fails within
theif administration. / believe a great
If u certain to restore prosperity. for
which the Republicans viii claim and re.
ceive credit. shall welcome It's return.
whether through gold or silver. Much
sioTihc&tion and congTatulation Is heard
over the Fact that our Western wheat ia
going up TO 81 because OF famine In
Argentine, Russia. India and other coun-
tries. | do not like to think that oar
prosperity is founded upon restitution and
starvation In foreign nations want a
flood Of money 20 turn the idle mill wheels
and irfigate tie waste plains OF our land
Another result that will follow from
an abundance Of money. bs Il silver or
fod. viii he allegiance of this hatred
o. the trusts. The people hate trusts
and only prosperity Will drive Inouonoli,s
out of their minaa. Plenty Of money yyiIl
crush out the trusts They flourish in
nsrd tines
RENO, New. Aug i2--News OF Senator
Stewards alleged "aop" on the silver
question created - profound sensation n
the silver party OF Nevada They evil
IDENTIFY read the handwriting on the wall
and are impressed with the fact that thew
have got to lei 80. The silver party -
Nevada has been run as 4 close c.rnora
ton for the past TWO elections. ard 10
managers ara triao Disconnected this
morning