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

prices. In order TO preserve the value or
paper al par win M static money IL must
ID. limited in quantity 20 "A volume some
what Jess. al any rate not larger, tAan
this country wogId have OF the metals as
les dis;riaut-vs shaEe q the @orid none
Such currency would be subject 10 the
same variations, oy the inflow ana ouLlo"
Of the metals. as a pdre4y melal44c c9t-
rcncy would undergo.
eral government should be legal ieador.
thai Is, should be money IN inc 1uiiest
sense 1 hope some orr mere VII e1 a.slr
hy feprv.ng il Of the power OF legal tenaef
and what the public is - gain BY ne SUB
sttutIon Of non-legal tender notes of hanks
IL the place ~ our present Legal tenaer
grsenbaEk cgrFtncy.
The fssue Is fairly presented between
currency issued by thousands O. BANKS
scattered all over the country, as tne!r IN
forests alone may d.claie-fot they Will be
governed by 10 other principle. they can
De governed by no other-and a currency
issued and controlled ry the government IN
The interest of all the people. ana WIN ihe
View II securing at ali tines SiaDiIg1y IN
.n. value Of money and prices thereby pro-
Gup.ns cond. itcns most favorable 70 INDUS
tr:ai and commercial prosperity. " nattFtf
NAY lie The result TOW. III the Und she pi%-
tic welfare VII control. and the powSE maj
controls coinage VII also control the issue
II IL paper currency.
cougre.smnn Fawier's Reply.
He was followed by Mr.. Fowler. WAC
smoke On The subject. what Is tne hess
1Sarfu II Paper Money" lie s&ld II p4rt-
The marvellous material prosr@as of ne
ras, ff,y years mas been due 10 cd-st.3',C
i,y of sprit and dofn rom E5'.,'4' -
ana traditions r. such an amazing d@-
srre 41ss 81 ssTesd tha; II wcuid seem oUs
tnat uttle more could be developed Tor re
benefit Of man, II only ne Inlsnt te.g "
I.rf@st profits out If the faVoriog circofi-
st.rree The wcE.d has become one vast
mar each producer ccn@u'uing every year
something ma 10 by every class 81 ia'2r "a
8 - p (. L
.'rr.-,nstr problem az the twentieth century
syringe sron1 the stubborn contes; fer h', p,
- wages ana cheaper cotntaoI-tts' anu
~ fh@ ore great factor OK cost, lfsfaF}tAf st' e.
fiev Il 10 ue reduced. is essential ele1Ilra.
a medium Of exchange. nu.st De I""s!d~
cred. .,,.,.., .,,..... 49,. s...,.
aAxapc., has AIKEN p.ac< 81 the "a y - tF1ds
and commerce and the means ~ WHch
they are carried IN. In fact. the ThAFac-
fprfstie feature OF American t.F5tEAu0n
tN~ {rti{vtiuality - the man. has been All
sent from ro}itico-ec1noFnie Thought. Sti.l
experience has established certain thHts
wfi-s must - recognized Il - 4 fact mat
tntfe must re standard q value. Win :.
measure - value coined uut az Il J. = 4
fs~t that al The same place and tE7e there
-annot lie tao measures II N+43t j = 4
eo:ti - tse standard q value.
The isreptesse.e inqairy jhsn aF's 5;
w-ntt shall ,ae fue<l:Gu = exchange be-
law and custom have constituted cHecS 2:
RQs 8. sxchanEe. 1rar's ard letters =
crc.fs a. tsc MEDIUMS tnat *TfoNrn n l''.St
n{1e-tenths ~ the e9mDsrrtS, work ~ tHe
xaTi4 be.er rhc particular Inquiry must
h.. Mat Is ytr best insts 1s-7ent - perform
re remaining gne~tentnF
-'fetHe2r5.rE al aAsET4tt}otlS. e may No
stated fAat II ansy IS made II c5Tnr1o@ -
/ ~ etUn1erC4Ai N&i@s. Bearing a stamp as
- sEg>sI}ty a-& go&SAsY- ara . ilss@ -
n1easar" vNues, although At may ee CT
IN vatf5e ~ else United StatnS Is god
. hfoe~ eo.a constitutes tAe. on'y money .