The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-05-10
CURRENCY REFORM.


The Republican caucus committee
which y TO submit the currency reform
bill has done wisely In preparing at an
early date to formulate the measure
The people are very much Interested Ia
The subject and they are In mood to
deal with 1t impartially-a condition
which did not exist two years ago when
the money question was presented to
despairing and desperate people The
Republican party has nothing to fear
from = thorough discussion Of the pro-
posed bill: the more II In canvassed the
more msritorious will Its provisions ap-
pear.
The chief object viii be = specific
adoption Of the gold standard. The peo-
pie now thoroughly understand that 1t
II Ut very little consequence whether
the gold standard Ii formally adopted
or not II has been accepted by the
commercial world. and certainly Is the
main object TO be attained. Adopting
the gold standard Is exactly like adopt
Ing time standard. The United States
II arbitrarily and iongitudlnaliy divided
into certain sections. Between these
by which all are guided We all know
that II IL absolutely Impossible TO set a
standard OF time. because IL varies with
every fraction OF difference In the iatl-
tadinat change In Its relation to the
sun. Most absurd confusion would arise
II An attempt were made to fix a day In
exact relation 10 the ascendency OF the
sun To avoid all that confusion q tine
II drawn and from that To another par
aiiel line II IL agreed that We shall have
one measure TO determine the begin
ming and the ending of day.
That measure has no more to do with
the length Of the day than has the
gold standard In do with the price II
articles. and this In now thoroughly un.
ders;ood. The people of the United
States have seen through the folly az
attempting III make Two standards. and
they have seen the advantage IL Sc
curity ana stability In financial sys-
tenn. There can be no compounds on
this subject: the United states VIII
the standard recognized all ever tn
world. and would he in spite of any at
tempt to change IL by act OF congress
Some % the other provisions os the bill
are matters more u exp dieuey and
policy. Whether greenhacks should BE-
taken In and paid cut In an endless
chain. with all the hazards os the recent
financial depression. Ia a qeestson which
has rot ye, been fully presented Ia the
public mind. There can ~ no doubt
whatever that II would De better FOR
the country II the greeshsckS were
caii~a In. just as Ii wouii ee better e
all eur bonds could - PAID or and the
rational aess wiped out. ha, as a mat
ter ~ naft0ns! policy /. may ~ inap-
perfume IL attempt II iass row. Thls.
however II question which - best
settled Ia accordance With .san4,aT sen
tisaent. The provision snthasixinS the
establishment og national hanks with
y capita - SIS eae snsiea1 u So. soo de-
ponds In sorne measure apen tire retire
snens cs ere gfesroackx The recall q.
tire currency might usess~stAse ar In
ersaseA !ss@e 81 paper money. ana IL
that is 81 - ccae r ia wiser that K
should BE- hy hanks under the control
81 the national tsw ara sanf4e, - re-
spsesfeae Investigation The vreseuf
minimum ~ capital prevents the e-.sA-
isshwens 81 national hanks Il, ssssil
nsAees; IL would lie very e&nercsas tc en-.