The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-11-30
SATURDAY MORNING, NOV. 80.

ten as a guarantee OF good iallh.
SATURDAY. MORNING, NOV. 30.
Hon. @. D. HUBBARD is in the city
on brief visit home, Congress having
adjourned over until next Monday.
As stated few days ago, Mr.. Hubbard
Is a member of the Committee on Bank.
ing aud Currency, one of the most im.
portant committees at this time In Con.
Gress, and one for which his previous
experience as banker well qualities
him.
From brief conversation with him
yesterday we gather that the purpose
ofcOngress to put u stop TO Mr.. McCul.
loch's contraction policy has been
pretty clearly manifested not only In
their vote on the National Bank resolu-
ton on Tuesday last, but also In the gen.
eral public and private expressions OF
the members. All the benefits Of which
that policy is capable, are believed to be
now exhausted, and that the time for
something more stationary and definite
has Arrived. People are tired OF doing
business under constant feeling Of
apprehension about the currency. They
long for something like basis upon
which to project their operations
for Il few weeks or months
ahead, shrinkages have stared
them In the face long enough, The en-
ergy and enterprise ofihe country have
been vastly impaired within the last
year by the uncertainties OF business
life. Why should such mass Of in
terests hang upon one Of Mr.. McCul-
loch's monthly statements9 Why
should his good pleasure be allowed to
go on unsettllng values, democrat
iEIng trade, driving capital out of leglt-
innate channels into liked Investments,
making money difficult to borrow, and
embarrassing the revenues OF the Gov
ernmentH The temper OF Congress is
against such policy any longer. Less
taxation and more stability In the
finances is the feeling OF the members,
who, In thus expressing themselves.
represent the understood demands OF
their constituents.
But in thus opposing Mr.. McCul-
loch's contraction policy, Congress
will not run into Its opposite extreme,
the imitation programme that some
wild and reckless writers and speakers
have advocated. The idea is to avoid
both extremes, to give the country sim
ply an assurance OF ease and stability
in money matters, and at the same time
to SO reduce the expenses OF the Gov
eminent as by that fact to appreciate
It's credit. This means that we arc to
have no more monstrous appropria.
tons, no more creation of Official fungi
upon the body polite, but, instead, we
are 10 have Topping of Of all slue.
curism; or, In other words, policy Of
retrenchment and reform.
We trust that this early promise upon
the part Of Congress will hold out to
the end, and we hive good deal OF
faith that it will. The members have
the lesson Of the late elections In mem.
DRY, and we are inclined to think
that II wholesome impression has
been made upon their minds. They
can very easily look forward TO tho
campaign next summer and calculate
what the public feeling is likely to be as
regards the record they may make be-
tween this aud then, The late popular
discomfort" arose in no small measure
from an apprehension among the pco-
pie that the party In power had no fix
ed policy about anything, but that they
were dawdling away their time and
wasting the public money in immature
and impracticable experiments. They
could see no desired fruits from the ter
m!nalion Of the war. But on the other
hand they could see, In apprehension
at least, their own impoverishment II
the public expenditures were not redu.
ced and adapted to the lauguIshing and
pTOstrSted condition OF the country.
The idea Of being mortgugcd and tilh-
ed for the national debt whIlo only
one party Of the Union was paying
anything 10 speak Of, could
not help being very unpopular
And still more unpopular waH the Idea
that the bonds Of the Government were
to go on approaching In value while
everything else has fallen In price.
And to crown all, Mr.. M'Culloch, while
daily adding to the obligations Of the
Government by his funding process,
was at he same time diminishing the
facilities for paying those obligations.
With business nj stand still mud
private expenses Immaterlally reduced,
and taxation going on the same ny over,
1t Ia not at all miraculous that Con.
Rress should have received nm adnonI.
iIon. The matter, therefore. for It's
chIefcOncern Is to no shape the leglsla-
tion ofthe coming winter IN to make
manifest to tho people that no other
parly Inns better Intentions or better
capacity for promoting the public In.
isrests. Popular sentiment Is now
anIIousIy awaiting practical leglSla.
lion.
ARoUTH million Oi children are said
10 gather weekly In the Methodist Sun.
day schools In the United States, under
the instruction Of one hundred and