The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-10-31

AT every turn the NAPLES burn,
the quaII is wEistling Iree,
The partridge whirs, and the frosted burs
Ro! Hily h0! hsiOh q!
HiHy no!
In the clear october morning.
Along our path the woods are bold
And glow with ripe desire;
Toe yellow Chestnut showers Its gold,
The suInachs spread their fire;
Tue bTeeZes feel as crisp as steel,
The DuckwheiL tops are redi
Then Gown the lane, love, se9rry again,
And over The sluUOie tread!
HO' htiLy no! heiOh u!
In the clear october morning.
s -5TEDMAS In (Nov.l GdLLLkY.
How Paper Honey RObs the Poor.
From he Net0 York Post.
The question, of contracting the cur
rency Is, we notice, getting some atten-
IiOn in the Western States, where the
plans Tor unlimited expansion, pro-
posed and urged by Mr.. PendleTon, in
Ohio, are opposed not only by the Re-
publicans, but also by leading Demo
Gratis. MIR. Cox, for Instance, the other
day at Columbus, made strong speech
against an expansion.
There has been "a Uelief among West
ern men particularly, that they would
be benefited by considerable expHn-
sion OF the currency; but they will lind,
il they examine the question, that no
body can be benefited by such an expe-
dlent except few sPeculators, and that
the honest laborer, the farmer, all pro
ducers, are only robbed by the use OF a
currency of unsteady value.
There would be much less confusion
in the public mind upon The need of II
prompt return tospecie payment, If the
question "what is money!" We're more
clearly defined.
4
measure of value. in order TO define
what we mean when we use the words,
"measure OF value" it is necessary TO
consider the use and functions of other
measures
The yard is measure OF length or
distance between two given points.
The pound is the measure OF weight.
The bushel Is the measure OF bulk.
Each OF these measures is applied or
used in defining the quantity of any
given commodity, and the necessity of
absolute uniformity in these measures
IS SO we'll recognized that every munic-
ipAlity has its seHler of weights and
measures. These measures are applied
TO tangible things, and their applica-
tion is obvious to the senses
The measure of value, however, is
used as the measure ofsomething intan-
gIble, viz: the estimation OF the labor
or effort either ofthe body or mind, by
which the owner OF any given commod-
ity has become possessed OF II. The
best, or in fact the only definition of
value is, that il is the estimate OF labor
or effort. Take the case oil bushel Of
does IL consist? OF u
certain portion of the quality of the
soil, the sunshine, and the aImOs-
pheTe, combined with certain amount
OF labor. But the labor is the only
quality 10 which value can be attach
ed, because soil, sunshine and air are
gratuitous and common to all.
The labor in bushel OF wheat com
prises a certain portion of the labor of
discovering, possessing and clearing
the land, the building of roads and ac.
tual cultivation, and il Is this labor
which is sold i'll the form ofa bushel Of
wheat, and not the grntulty OF nature.
The value which we measure by the
use OF money is therefore the estimate
which we put upon the effort we have
made to procure the commodity. In
every transaction, even the smallest,
this intellectual operation is gone
through with.
A, the possessor ofa bushel of wheat,
desires II yard of cloth, b, the posses
sor OF Il yard of cloth, desires ii bushel
of wheat. Each one estimates, or makes
II valuation OF the effort which he has
used TO procure his commodity, and oil
the effort which he will be saved from
making by q exchange of commodi-
ties, and from this intellectual operation
arises value. .7-..rH r...--s...-.
The progress of human knowledge
and skill is marked by the rapidity
with which we discharge value from
and we discharge value
Just so far us we eliminate labor. When
cloth was spun and woven by the
hand, the value of cloth was great.
When we substituted self-actiug ma
chinery, moved by water, the value of
cloth fell, because the labor in IL was
only the labor of tending five hundred
spiI dies instead OF slowly operating
one. VIZ a-
Ii it be admitted that value is the es-
timation of the relation of one kind of
labor, or effort to another, the necessity
of uniformity in the measure OF value
becomes obvious, but this could not be
defined as in the case of the measure OF
space and bulk, by some quality obvi-
Gus to the senses. The measure OF
value in the nature of the case needs 10
contain value, and as value is the esti-
nation of labor, the msasure OF value
needs to be II concrete form OF labor,
and the intelligence of man selected
gold and silver as being compact, in
corruptible and almost indestrucuble
forms OF labor, and governments as
sumed the function of the sealers OF
measures of vHluej or, in other words,
assumed the function OF coininR
money.
Presently the promise of coin was
substituted for the coin itself, and men,
having become accustomed to the use
of paper, have transferred to'the pup
lie promise the estimation OF the coin
itself; and the Government by the
issue of legal tender paper dollars has
taken one false step more; 90,
- 5. Ena fFan q "a
paper money rests upon an arbitrary
law and not upon natural law, and
upon the confidence OF the people that
It will ultimately be paid IN coin, its
estimation or value changes from time
to time 1t thus loses the essential eie-
ment OF fitness as measure, viz: uni
formity. l . g.rrfl.r,
men who are accustomed to weigh
events, to foresee the causes which Will
change in any respect the estimation
or value of the paper dollar, grow rich
by its use, while the poor man grows
moor, Production Is decreased, specu-
iation and stockjobbing are encour-
aged, and labor is degraded.
~ q have abolished one form OF slave
ry in the United States, but we have
another form to deal with. II 10 essen
tial to prOspeFlty, and 10 the equitable
of the annual product OF
labor, that the measure OF value oy
which commodities OF services are ex-
changed, should be uniform. And
return to uniform measure OF value
is simply return TO specie payment.
&
PennsyIyanians Going 10 Virginia
The Hagerstown AEdl says: For sew
eral days past there have been a great
many arrivals in Hagerstown of Lam
caster and York county farmers, on
their way up the Valley OF virginia, IN
that substantial, industrious and intel
a