The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-10-13
The States Credit.

Almost every word said thus far in be-
half Of Gov. Rogers has been based upon
the bold assertion that his administra-
tiorr' has been an economical one; that I'M
der 1t the resources OF the state have
been conserved. public moneys carefully
accounted for and applied to legitimate
purposes. and the credit Of the state built
upsfrem nothing 10 its present satisfac-
tory condition. We propose 10 show, in
. series Of articles complied In all cases
from on,cial records, that this claim Is
merely part OF the hunko game by
which tho fisionists hope to escape pun
iahment and. IL possible. to retain their
hsia upon the government Of washington.
n n II q study OF the financial record
that these people invite. they will be
ready 10 cry quits before We have done
with them. For the truth IL that. In ad-
lit.on to the intoiersbie scandals ana
abuses THAT have been brought 10 ligh,
wherever the Rogers administration has
had control this period OF fusion rule has
been one Of fiscal riot. OF unwarranted cx-
trAvasance and Of shameless misuse of
the pesplss money. And all that we ask
OF any voter Is 10 take the facts m We
present them. refer 10 the authorities that
we shalt cite. and see for himself what
ssrt of record tho fusion party has made.
And nrst we shat, deal with the asser-
tisn that the credit Of the state has been
redeemed under Gov Rogers. The com
monsss stock In trade OF the fusion speak
err Ii that state warrants fell to a dis
count during the administration OF Gov.
Mcoraw: that they were hawked about
tho country at low figures without buy
srs. and that only since the beginning of
the Rogers administration have they been
restered to par. Let us see about that
We publish elsewhere an article upon tho
prices OF state warrants. with quotations
for each year since isso These figures are
furnished by Mr.. c. J. Lord. OF tho Cap
tssi hank Of Olympia, who has been at
all times a buyer OF state warrants. either
for HIS swn institution or for Eastern
customers The prices paid are taken
from his swn accounts
3Frem this II viii appear that Washing
ION state warrants we're never at dts
acans = except rossieiy during few
Qoashs IN tho panic OF 1859. and also be-
4eenltae nomination Of bryan and the
adjournment ef a fusion legislature.
fAoss 4 we're dark days here; bat
thu presencsN Of immediate distress
was nethins oomsAr~i to the re-
mete possibility q nryan's election and
the adoption Of the silver standard To
people In tails state. washed over as u
was BY a wave Of pspalsu- the ou,iesk
was eneortaIa. The state was certainly
lost. the nation might he Under these
Issnaiisona. ressrasls wholly 10 Political
alarms. there was no mAsks, for state
warrants At Gar.
] In 100 the premium was / and per
rsn, IA lisa Il ranged from sae-half Of
pei cent. IN par. In 1888 came the dread
sa pasle. 0Asa no securities could 30
marketed. sns United States beads we're
not 70 ee fsla ter their face value TAtrs
weFa no sales 81 warrants or anything
else az ans srioo. fsat ts 1854 vita the
ressal % ssu silver sss. the warrant pre-
miurn asGsassss To sas-Aais of and per
seent aaa ssnAiael at about taat ngare
sAAsil n tsaAssearea IN sse emlsoGs clasas
'eg tAe chis3xs eeEssaties. The capture
IF this state by tho reaailsts frigAssasa
capital away. Even with the removal OF
sssiisnAi dread. investment fsnsa, shy 81
u state with fusi0a gevssnar ara iegts-
failure. az was NOT uatg thls legislature
y I,oasnsa thxt The knowledge that AS
teasc dor rnlsshlsf vss eaasa sreaxAs
Warrants ha>k ssaih 10 par. ana raised
. sne srloe assskto 1 peF cent premium.
SaAe legislature fundamentally helped to
ffS.ssx sss;s.ls i,s ssaas Ia saakiss ssgs