Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1898-11-25


u,r If 10th gold and silver and that
thr double valuation. as il existed he I
forc. would lea great benefit to the ;
country. America then should
hesitate t. enter u1.n this Course
that # a ,lugln ., III with.
vat u fu., Il,.Iieu> !ry,>ti-ation On the
luii;.. H., X .l.:i, RANT >.,i,r";ious an
pertaining. tb,r,tn." Alr St.vd further
said -. "a; Mon like vuur.,lf. GA
tral.till.. a { inac,. Iill. undertake. a vi
a.,.-ir r.,usn>ililiiv. which strongly
;.I.r;> MT only = whole nations well
t..rc ard ha1,,.il.,.-. INT also that cf the
world II l.rcr. i'rav ,!nnot d,>pi>c this
lar.,i.ac,.. The d,,r study Of all the
rriu,i,!,> and inter, Il. connected with
fine or..anizatiou If serial life Warrants
II
TIN. ,ubi.ct WAS not brought tn the
attention of either hc,.o while the Hill
wa. ,rndinr but thar which wrought
,hi. mighty revolution in our monetary
sv>.,.,, WIS ,drnit1v c,rcoal,d in y hill
c,,,,,iuirr a. sprtirps m,difvin, orr
,,in+ law. .,rd tnc.,,ro :, law ,v;tbout
,,..,;,;,,,,,t ,,,.; NJ rrl j., ,b;s
>. r.,.,,,,.,,udnd orr co;r;uo a s;l.
- d..ll,r -, Nh. ,vninh, uf 1nl Grains
If .toud,rd s;lv.r which vould have
co,for,,,,d o,,r r,t;n IA ,b,+ IF Franco
and mi. ,rob,Il,- ,vonld nav, be,n
dnn. if ,-+rption had boon ,.iv,n IA ,ba
c,,I.;oc+ and !, I'D ho.,, ,,ronorl,- in.
c;,nd ,,oIic,. of ,,,irt,;,,iu, rho n,r;,v
of tho ,,vo ,,ot,I. ,v;,t n,ch otbor ,,rnn
.ho ,ro.,,+ l,r,l r.,;o ~, .rc, r,+;n IA
, l., uo,,;1,, L.. l.,,,. ,,.. .ho,,1a
o,,,,, o,r ,,,;,+. 70 thn ,,,,r,str;ctod coin.
,,o of hn,h ,,ot,,s nnon rho nrnsont To-
caI r,t;o If tn rs and if nnon a
f,;r ,r;,, tbcir d;sr,ritv shall bn so
Great ne "a conse any nracticol difticnltv
we sbouId SLIGHTLY chancc the yveioh.
of thc coins struck from ono Of the met.
ais which conld nrobabIv he done with.
ont sorionsIv iutrrforinp with tbo coins
already struck The evnense and ;ncop.
yeniencn attending this nrocess would
he = m,re tridc rs comrarcd with the
evils WE must sutr,r from fine d,nrcss.
ing weight of Il ncrmanent gold stand
ard
In 1896 Nj. Cernuschi said CChicaco
Record for Sent ;. 1S961. "Tbc free
coinage of silver at III to 1 re-establisheA
by the United States without the con.
currence of Euronc would be q stem in
the direction Of international himetaI-
lism. for under the regime Of the new
standard the nroductive mower of the
United States womb recrive 50 enor-
nous an imnulse and this DEVELOPMENT
would have such a disastrous effect nm
ON the economic and financial interests
of England and other Euronean nations
now governed nv tbe gold standard that
if may mo confdentlv nredicted in al.
vance that the conrso of events yvon1d
force the adontion of international hi.
metallism ne the only trna solution even
unon those who today denv tho nossi-
bilitv and efficacy of il" II is said that
the recent wide senaration of the two
metals nrecludes tho noss;bil;tv of our
considering 50 narrow a ratio az 70 10
| What has canSad this Senorat;ou oe
the metalso r. certainly cannot no at.
tributed to any change that has taken
n1ace in their relative nrodnct;op Az
the besinninp of the nresent centnrv
their relative nroduction WIS little
more than 3 Of silver to Of gold At
tho middlo If tho centnr, Il ,yos noor,v
equal. and in the fifties their relative
production was nearly 4 of gold to I If
silver. Rut these changes did not nro.
duce any nractical effort pnon their raI.
ative valuation They wore linked n.
petber nv the oneration Of the biuetol.
liz nrincinle and thew rose tocatbar
from 1909 to 1919 as tho inflow of s,I.
yer diminished and aftrrward thew foil
together as the inflow of gold incrcased.
An increase or decrease in the outnut Of
either metal simplv had the effect Of
increasing ar decreasing the Volume If
| money without disturbing in any prac.
tical degree their relative value Since
1S73 the neriod Of their sonaration
the production of silver has very slight.
" if at all exceeded that Of gold. Their
separation from each other Commenced
49, Ao''' ""on ei1'o. was eActuueu iroin
- s SIN anu :ou"oou W 'ilo si'-
.s - ne on"nuise,"heh ~ was
e o.aN i,oni 'ne sc.ie VI inc pai'
$50 ~ ~, 80 ~ MONEY W 'no soaio w
.upeu ~ piop1, anu do " NECESSARY
~. vons ..a',e solu; 'ne sore occupant .,
s;I o no3 ., s'"..' mas ilsen Al value, anu
' In o.S WV. , o.aei piopefsy, mas laiien
- o"n; 49, $50 s PTS nav n, ceeii aii,
S;1rdr .s go -a.e . ne uisuse VI
80 90 as " .noney ino'"i 80 INC sue o"use
uos ..i Ipp. " W i.oin soiu' anu tne oniy
p ";.n ~, Wy - ies.oiins ~ W parity
'oa,o " 'no o"i"noo ny enoowinS II
oo,d Tl,;s o,u.a;.'1.. .on i"any win
| So A' ooi '"'J VIM nave .he