The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-09-16

The YralGGss-9s ~rsAe-Foaa flaglEt editors OF
tie reform press associations @eFe SO aIiz-
tDus 10 rs heard, regardless Of tie arrangs
81 programme thai II wa& with difficulty
tsst Congressman Cnas. 8. Hartman. Of
Montana, VINO pres.dea. could keep them
Ia orejsr.
Gen. Warmers Address.
General Warner spike on the subject.
-'f&psr afonsy: It's Effect od Metallic
Mooey and on frieas." lie sald In part:
The measure OF the effect Of paper
sDonsy on prices and on otasr rropey. does
not depend upon whether hfN not II II COW
4rod by coin. dollar far dollar. any more
thAn upon she color or texture Of the fiere
~ the paper oa which the insignia o!
no0sy is stamped. but entirely ca the
quantity Of eaen uao1eg put into eifeaia-
tor. The principle Is The same whether
sspE,sssa 70 paper money or - goaa ana
ssiysr coin or ~ gold alone. Ne seonosi-
1T surely VIII dispute ts's prosc}sE-tof3 that
- the a;ocx ~ gold sssoaid De y. once
largely Increased - new nb3s II goo,
while the wayii's n.efsH Ter money were
lDcsaEges. THAI the vasue u god sFtFE-
where would bs decreased and prizes
would Use This wasR6 amount 20 VIZ
tia alteration II tsle sxsas;nT STANDARD
TIE effect. no doubt. - ihe ssstofatt0fs q
silver II 7snyesg sfese1 sxsBtags wo2ld low
~ the value o< ali money, including god.
g. XoGs1 Do evident ~ i general Use o.
JE5ees. Or tire other hand. steasd toe
supply Of geld kof money te est OF ~
TtGlGsG production asG Increased demand
fgr for the arts or for gsa+T A0E~Esa@fse-
tAET purposes, maile tae Agfi3 Reels Tor
aaonsg continue TIE same AID no other
money N8s substituted FOR the g1ae. the
value Of gold sod4 ksa izacreaasssa sfass
has taGea place in the last lAirty years.
~ he aegnlEsetlzaTkou q silver ana TIE
extension ~ tie gold STANDARD TO
c~sfr:iss heretofore using little 0r
70 gsld iof money. TIE demand
tor goid relA lively 10 IFS supply has
largely !ney essesi ard rs. vasas co.fe~
N.sh especially 70 emphasize here u this;
T7a& tbs effect Of che sfsarea SO or Geerease
81 paper money 10 The e1tEa. that X
takes tbs place Of or adds 10 metallic
money, or 10 rne extent that K Goes tas
work OF METALLIC money. has TIE same ef
fscs On general prices. and on gold itself,
90 on se~eaile6 standard money az would
80 much additional gold obtained from al
f9gsLneE new sources aud p3t into circ3-
sats0n. Any considerable Increase O. pa
pr money Ia countries nUw on the gold
1.andafd. as England. France. Germany.
tte,, would lower the value az all money.
including gold. This, too might take place
sc but one country having "a gold cufren-
fy Issued The paper. II II were ISSUED IN
s1fbc!ent quantity 70 expei jts gold which,
becoming added 10 the stuck of other gold
countries, would lower !ts value every
Where. This has taken place time and
ss'Ths Idea that gold or STANDARD money
Is unaffected by th@ issue IF paper. al
Though put forward anew by the indian
soglis sound motley commission. - among
fits exploded faliacses that rest upon the
intrnsic value theory OF money. The
purely gold standard anywhere, The
k1Su standard 80 X exists today ~ dliut-
ed - 70 speak, ~ the silver ard the
PAPER tina; c!5cul&;es with II and supple
nj fr-ztEa fz- .ata -
of The .stQle nay b. altered by snc.eas-
'fA or decreasing The other parts, TIE
RAJ Standard therefore that which deter
sniEeT pEsce levels, Il tae total volume %.
meney.
.The indianapolis monetary commission.
INT its fepoft, proposes. after announcing
t9at ihe gold standard has lseen establish
81 then Ia allow the greatest possible
exyan8son ~ tAe currency within me
haynds II safety. The goa STANDARD AID
ihh utmost ex tansjon o. ,f1e currency pos
ss.e al ;he eare tirns9 TIE th!ng most
2 g.I-@siRg aatgsit ~4ra proposition IL
saA, y ss9n3e receive Tie sanction 81 con-
hef*atsve banHsFA essFga here
TIE creation and Use ~ Uthes kinds Of
money Gees affect t6e value ~ EQ!S and IL
- sse ssss4Yy. therefore. tnAg the currency
Of country shpGi1 40 dealt w4th a
Whole. and nor BY parts: ara therefore ne
iNssr hfao regulate 0n st paper money be
longs naturally 80 the banda that control
coinage ~ tae Fueials. Tits only automatic
regulation - money II through ,fa pro-
Ggelsou - the metals ard wh.n this o~iu~
sil4sa ~ reputation Is departed from g3r-
srsaasat alone is ceupei@nt 20 Set up Az
Ga Others "a practically nlsllfy tac poscr
over eoiaaet. jtarpd by tlr constitution
~ Nfa. 9safsda or sht. gfrarat government,
f0csAs vito has tie power - Esiis per
- i4Fealate AS money mas TIE power 81
criye o9f the sglffais entirely.
Ffn% gold sfardar: cse be maintain "a 81
currency 20 an amount lsrs th3n ne woulf
hS "a 81 Eai1 81 here were na ga per g