The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-09-27
FRIDAY nOKNING. SEPT. "a.
Consideration FOR rhe
Public.


one OF two Of the principal Demo-
cratic papers of the country, aud sew
erai of the party orators, have been en-
deavoring TO get up Juror in favor OF
having of the bonds Of the Government
in greenbacks. We have published
snough from their remarks TO give our
readers a general idea of the manner in
which this scheme is To be earried out.
Tn. rInn Of Vallandigham. Pendleton,
Thurman Il Co., Ia this: that as fast AZ
the options OF the Government on the
different issues OF the Five-Twenty
bonds accrue, it shall pay, or attempt
TO nay, them of in paper instead OF
gold. This plan. To the superficial or
iuexperIenced mind, looks quite tempt
ing. Some people see in 1t an escape
from AN immense nmounto of taxation,
and IL great reduction of our Pupiic
dent. They see also AN era of plethoric
imitation in which prices Will advance
and Industrial enterprises Of all sorts
become wonderfully stimulated. But
such people do not see the end. They
do not perceive the poison that turks
concealed in the cup, or the certain
chaos and death that must conclude
the carnival. Their eyes are blinded
md their ears prejudiced with stu
died phrases about the bondholders:
They Rrc told that only the bondocracy
the spectators and peculators OF
The war. who got rich by all sorts OF
doubtful expedieuts, will suffer loss,
while tho public at large will begrcatly
benefited by being greatly relieved
from taxation. This fallacious sort of
clHp,trap ia closely and persistently
pressed upon the attention OF the Peo-
pie by certain OF the Democratic organs,
and lust now the party generally seems
inclined 10 adopt the demagoguery of
these organs as 40 many partisan
tenets.
IiisWeil for all who are inclined 10
lend su ear to these seductive utteran-
uuc,,s of Democratic leaders to weigh
well the merits of their propositions.
Itstnnd. every citizeu-not bondhold-
.rs nloue-but all cIasses-in hand to
know exactly what must be the result
OF ndupting any such propositions. 1t
is we'll to recolIect that the finances
OF IA government concern all the peo-
ple and not the members OF any one
marty. We are all IN the same
bont when 1t comes down to the ques-
ton of demoraliGing or destroying the
publtc credit, except that those who la
boEnnd depend upon labor, are bound
TO he the worst off by snch der"nSe-
mcnis.
Governor Cox, of Ohio made speech
at Cleveland on Tuesday last which
presents view of this subject that we
consider " ell worthy of the attention of
all classes Of our readers, and of no
class more than those who work every
div for the support of themselves and
families. We extract from his speech
the following pointed remarks, and we
invite close attention to their merits:
Auer u discussion of general princi-
niles, the Governor said: "There Ia no
nossible way to avoid the conclnsion
that ii we make onr paper currency
five times AZ great rs 1t now Is, IL can
NOT. nt the very best, be worth more
Than one-nIth MS much as II IS now.
That is ia say, each i've dollar Dill cam
not he worth more :han one dollar
I,iu ia now, As matter OF fact, the
a. would be very much worse than this
When once it has become evident that a
government has turned its back on
sound principles of currency, and COM
mitied itself TO excessive issues OF ire
deemnble paper, the depreciation OF
Tint currency is out Ofall proportion TO
its amount. aud it soon gets TO be nj
most entirely worthless.
.The present currency, treasury and
hank notes. were reported by the Score.
taTV in the last official report have at
hand. at tribe nnder seven hundred
miIIious. In round numbers we may
call II that. As the depreciation when
ia inevitable upon a new issue OF notes
Affects all alike, this present currency
will have deprecIated four-titths, ana
will. under this Democratic hnaneler,
and forty millions, the remaining four
fiS,hs OF its value having disappeared
Now think there S.i Is ,R mo yG would m be
srn,,bIad 10 answer the question who
has lost the balance OF hve hundred
and sixty millions. This part OF the
Currency, you will remember, goes INTO