The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-06-14
SOUND FINANCIAL BASIS.
atted states Treasurer NoherN
Points out How Money II Cheap
or Here Than Elsewhere.

WASH NGTON, June l2.~Eilis IA. Rob-
erts treasurer OF tho United states.
speaking on the new era In our finances
and currency. as established ny the net
OF March A. 1900 said
''rhis law makeS a unique rate OF inter-
est on government bonds, and 80 affects
the earnings az capital IN all uao~ u
fixes except for "a small per cent. The
denominations Of silver certificates at
$40 and below. and az United states notes
az 40 and above while II docs away
gradually with treasury notes and puts
silver certificates IA their place. IL opens
the door vide for increase In the notes
of national banks 4 gives parity g ~
our currency. on the face OF MI our
money PAPER and coin white and yellow,
on Ali our bonds all wages. all trade, all
banking. all business, e brands deep and
time the pledge OF gold interest abroad
and nj home,
'''rhe lowest rate Of interest borne ny
the bonds 81 any foreign nation ls ~
per cent. on British eonsois. THIS r.
10 run until 1903, and then ~ he ~ per
cent. ON only a part OF the debt or Ger~
low as per cent. Denmark borrows at
the same rate. Austria pays no less
IAN per cent. and Italy no less than s.
Tho everase bank rate for money y
with June last Was % nor cent. IN Am.
st.rdam. - in Paris. 81 IN ionl9n. 50
IN Hamburg and Berlin From 'July I
was -. IN London Ia, in ia.rltn and
Hamburg h67 In the year ending with
June lasi the average for cnii money in
paner 9gl to $50 For the months ~
July last TO March : the average 20 New
York was, for call money a.e2 70 81 aud
for prime paper 70 10 bKt
Tho changes every day IN New York
are greater than elsewhere, but he rec
ards show that the rate f1r nancy = less
ia our country than IN any gtntnt IN
Europe, except 81 Paris. and ofyen lower
than on that h1lltse
"A, The market price dsr ~. Mares
Ia the investor san average ~ EtH neF
cent o year. the g. ~ 1871 earned rs Pgr
cent the - earned $50. aud The ~ only
''For April. on the same basis ,he aver
age earnings were. For he ~ - 1875.
24i per cent. ~ ~ is5, sat. 5a. LIS. -.
-
''rho contrast with foreign laaps - usnst
marked The German gif psF cents aeii ~
isils 20 n and The In az ~ 10 sa'a, ~ tnst
their carnfnEH 90 the buyer are more than
the Interests stated. TIE premium on
Iirigtah ctassls ~ about ] per cent ana
On t3tH French fafhtvd pef r"Hts ~ "a
slight ffaction rnore, and their earrings
latest allotment ~ ifitisN tfta~sfv hf,ta
was at - J9d fur ihf." months and = ~
for tw~ivo months Thus tantaef ie fhraf*f
With gs tisan anna hHfc elise among aaea.
Agriculture aaa Manufactures.
'''rhs iatgf gnd waHiih ~ the American
people Bnsefile the iaN ~ Marin H. is9
To them Ste due the yrfals - waieh W@
ARE blinking More potent ~ rlrher than
sven the rsiipW metal, ia ptff agriculture.
with ita c8fu and COTTON. hay Hof f@iise-
90 Ctr farm anlfUaia The r5slks auifh the
re1 mcn gave aA which mfYm4 }fitu snnta
colony frufa HtafstnN ttrHNt uAt ta# 1nAr
q crop &s8 20 iiH lh value ard fh4f ex-
entts ne capital az ass thH usiiansl hsfAs.
The sgEfs II farm aoimss ~ la,est "stfg
s. 81 @l a3H.FT teTy ur&fiF eQ4ai 90 atl me
fnsrtsy ln egYtislafEag lr fha e@uutrf
and yet pa lrss thsn uur sriesliure wiy