The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-02-05
MONEY WANTED FOR BUILDING.


Seattle. Feb. 3 1855.
To the Editor: The reason the laooring
men In this city are not al employed is be-
cause OF the vicious legislature BY the Pop
u!lsT party There is row q great Demand
for houses and business rooms. al Of the
available business rooms are now oescg pied
and rents are at such a figure that there IS
d great indacsrnent for men 70 build but
IL Is impossible 10 get money for the par-
pose.
II the money could De borrowed. then
the men who own lots could build houses:
when houses are being built then labor
ers get employment: when laoorers are
employed wages are received. and those
wages reach every department OF bush
ness. The laboring man who voted the
fusion ticket was as bad as the man who
got upon the end OF the limb and sawed
II on between himself and the tree. In
the case Of the "a borers in this state who.
voted the PopuliSt ticket they put men in
Office who passed laws which took from
them their living and put themselves and
families out % employment
Capital can go to other countries. but
the laborer must remain here: ms home
and family are here. he is not able 20
move away. but the loan companies can
send their money 10 other states and
countries where X Will De safe and they
can get their interest. Insurance COM
panies building and loan associa tons
trust companies. and other loan com
panies. do not want property. but they
want the money secured and interest paid.
The hanks OF New York and other money
ceuters are filed with money II would be
sent TO this state but for the Populist leg
:slation.
IL is important for voters 70 get their
eyes open and stamp Populism out OF this
state. This state needs capital to devel-
op il. instead Of putting Instructions In
the way OF getting capital. every induce
ment should be held out 10 get il. There
is great future for this state and If
the Populist party is buried and the Pop
uIist laws wiped from the statutes il will
be one of the greatest states in the union
Men who have located here cannot afford
to stand in the way OF progress. Conf
dence must be restored. rousing Repuh-
lican victory in the city election will do
much TO turn the tide in the right direc-
ton.
Most of the vicious laws are probably
unconstitutional and may De so declared
by the courts We may vet be spared the
fHn effect Of the evil by the courts declar-
ing the laws void The Ponuiists are la
boring under a mistake about interest.
The loaning OF money as rent of property
has existed for ages In the earliest
Roman Law Code. the Twelve Tables tB.
{. 500. the rate of interest was estab-
lished." IL has been the law almost ever
since TO pay rent for the use of reouev.
For Use of property the compensation is
called rent for use of money. interest. II
has been the rule for more than 2ana wears
TO hire money. and it is now too late for
a few Populists in this state 20 change
the rule and the laws.
The business of the world is done UPON
credit: TIE great improvements are built
upon credit: iahoTers we~i< unon credit:
and when credit l. shut of the lahorers are
the main sufferers The people want more
common sense taught them and less of
the appealing TO prejudice bv the DEM
agogue. REPUBLICAN.