The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-08-19
A CURRENCY SYSTEM
Continued from Pas !.

Continued from rage h
treasury Is advanced IN support Of The con
teAtiou. IL s. forgotten, however ~"
greatly The burden placed upon the 4S -
ury has been increased through SILVER pl1~
cneses and ISSUES and how. under eA4s--
ing conditions OF today, the Ireasuf! ilaS
no gold income from tie ordinary 49,
nels Of receipts. The GiuIcaLt4 Is Ao.S
far-Teachiug one than mere lack OF reFs-
nue.. Il touches the vital point IN sIetch
ing upon the confidence OF those deAilas
wllh Us IN our ability and continuing ue-
termination 10 maintain gold payments.
Complete confidence cannot be restored y
increasing tbs governmental income. a1A
even II il could there would De no suala..-
lee against future impairment OF II taIousn
the same cause. That danger can eiiy pe
eliminated Dy rendering i linfSsSEn8e :.
have the treasury the one source OF goid
SUPPLY for the people Of every nation u :
nos sufficient 10 nave our currency sVod
today, bur an earnes- muSg % s!NcH IiAt
il will be good tomorrow and tnFousno4l
the future. That promise cannot y a.
cepteu unless legislative acl}0n once AoI al
establish beyond the poTadNeutlre Of
doubt tina, ours Is gold standard county
with laws establishing the fact 20 giah
that hs who runs may read, ana Win 4
treasury 50 equipped and resourceial a. 70
be unnioyed, no matter now sl4o9ss a.
sanlted Il VIII not be fully credited a.
long as Il Is but the policy o. an executive
officer and not tie Dnc0ntTadlcted expires
sion OF statutory law.
Power az Public Opinion.
Il am aware that all this cannot be
brought about without strHsgi@ y Essts
with the nations law-maksnS powers 20
say whether the people shall be freed from
this body Of death or whether they shai
still continue 10 carry IL 1he FeollS -
the polls declared. after campaign NHieA'
knew 10 other Issue. for complete eIlahcl-
patton Bug from those who stand WITHIN
the inner circle OF legislative act4on ne
announce nent comes that nothing caA e
aous unless concessions are made 10. inter
esls the harmful results CT Wh4eh % .1.ah
can forefeli. II such be the truth, tne dutH
is placed upon every cltizen WI hes II
caltnrry,s good AZ heart and would put an
end 20 the losses 50 long entatled upon MS
fellows 10 raise his voice in protest aSsiIlst
either inaction Or concession ana mus
make the couRtrys declaration a. ths
polls more than barren victory. VITA
the American people the most potent force
for GOOD IS the might OF puolc OPINION
Against the power OF tt when once aFousea
10 legislator haS ever yet ocea apie 70
stand. no matter how loud MS aslIai
threats or arrogant his aemeaaor' E.n-
forced BY il. The repeal q s,atate mat
was defended for We * ~ those who pro-
claimed that there never could De Win
them either comprcnlse or SURRENDER; Vas
wrunE from unwilling and hostile Iegls-
ia-ors It cid erase ne sherman silver p5F-
chasing act ig VIII accomplish 40 less 10
day for she welfare of che .i-tzsns II Il :
again SIS earnestly appealed 20.
~ myself. nave never ln the pas, waver-
cd 10 the belief. nor oo ( D1N, thAt n ne
end Ve wiu lie poses ssea * a banking ana
freEuable the country Great rs COM
ica may be- long delayed ard only oe az
talaed after trenezsd Us loss 20 capitaI
ana injury to labor. IL was tue misery
ana distress eutailtd oE the asslgnars and
mandates ii the French revolution that
psaesa France upon the solid rUck OF sound
finance b, to2k tn shfva-eEed Starvation
90 1Ae s-4uirE CT great 0atton 20 Nlpc
out the corn laws OF England. but the
victory when Obtained wAs complete And
tnl= in conformity wlth tbs curse OF his
~ "a
financial structure rests upon a i0unoA-
ton .frn as the eternal hills the Amer
can people VIII e called uno2 20 pas
through tire awful experience ana loss
vs-h.a would follow IL The ks % un
checked PAPER and silver gatism- Bur al
last re matter how prolonged Ehs strug-
81 ar - AZ thc suffering. 81 b the 6c4us-
esceucs Of al the monetary principles
whfea accord via tns Waral : business
experience ali tu4Gclti researcs. aEd ev-
ery dictate Of common honesty. VIII here
presaH in complete and enduring ui-
umph.'
Needed Currency Laws.
An address on What LEGISLATION Is
Needed in Respect 70 the Currency was
delivered hv John ? Er uCh. president
of the Merchants Natsans5 hank. OF
Richmond. Va In opening he stated these
requisites ia regard 80 rhe currency.
Its v4sae should ee aNed ard stable.
II should BE- adequate 10 ,he needs Of
!, saoMd expand ard contract auto
E-sEicaltE-
Ia should be simple ana uniform.
Dc shGaia - 50 distributed rhro,l Ehcut
our territory tnat every Ran entitled %
credit should De able 20 eotafn its Use
81 3 fat~ rate
lie dwsit en- the prevalent tVnorance
sI~~aur 35as the currency question and
;he nee5 o. al sducatioaal campaign. Il
was essential 20 6>tne t1- value of TIE
dt..sr as tns unit q exchange. lie ooa-
tsaHed-
''V-e raust deaue TIRE word dollar. ana
4 ~Er.sa mean beyond gtras lFtrture CT
a 1oe1t gold &ot8r ~ rha present
v-fEst a-t Oneness o. t1e 'rited States
sd crtn That doH@r 81 coed for All
a-t sters where c8ugresT. IS respect"
Government should QaIt Ranking.
lEa urzst tAat the government funds
sa.5 l.s s1 she Banks sratl4ese for The
.s- * tre aeogie res l9}@ ard uupro-
as--sr- IN tssa treasury Tsaits Ire gov
er-r-ert should retire sv-E the banking
business su1 vith4raw rzs erasnhacks
a.a treasury r1tes Ger 70 other arst-
...s- r,77ser "a as IL the ta-s1lug business.
Ise a.t1
rere sess41 es ne r7ra Interference
rs r4-f H- ere lfe~- Iert ia The
E4 <E business EhEE lE -Ee UEfg buSs-
Ee Bank notes. BIASED Ga q carefully
90 -4 screme - cg@c O. and payable
a. demand 3L go3a. are -na best medium
a. te-es13r exchange. &r1 fuihH ~ the
.l-t- -zHl-s aE E0u- <arfeEEg.