The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-04-02
THE PRESIDENCY.
To NJ Democratic FslloU. GtizenS

the importance of the occasion, ant
conceive my duty clearly; il, with earn
estness, it is because l know the inter
ests OF my country to be far create
than any personal Issue I may have II
the result; it, with sincerity and PLAIN
ness of expression which exposes Wronl
and may provoke hostility, tbs becaus
l would leave behind me a countr.
great and people free. under a Con
stitution have always defended; II
use the denunciation of a public accuse
arraigniug a great culprit, yet with tn
sadness of man who believes that TIT
party he arraigns is only one OF a MI
merous crowd who are powerful among
themselves and dangerous to the con
stitution OF his country and the liberty
OF the people, it is because | am mind
full of the saying as old as Aristotle
at is harder to reform Republ than
to establish a new one-non minus
negotii est rempuJlicam emendare guam
initio conS,itusrs if seem TO abandon
party organization, it is only to form q
broader organization to save the Coun
try and the Constitution which are i'm
perilled by causes other than party
issues. and because the times require
the union OF the just for justice to the
Union, and the union OF the honest FOL
honesty in the offices Of the Union.
| was the first person west OF the
Allegheny mountains who drew up g
resolution and offered it in a pn6lic
meeting to sustain Andrew Jackson IN
his conflict with the Bank OF the
United States in 1929. 1t was adopt
ed. The bank was overthrown, and
from that time the people have had a
better currency, and one which has
been freer from monetary and mercan'
tile fluctuations than in any antecedent
portion Of history. Of course l do NOT
include the paper fluctuations OF the
last ten years, but | am free to avow
that | am ready to support Horace
Greeley for the Presidency or Vice Presl'
dency, though he may have been a
bank man-for it is better 10 have a
Republic of freemen with a national
bank, or the people ruling directly all
questions Of bank and finance, than a
with or without such bank,
or banks dependent on central and
centralizing despotism.
81 was an advocate Of the Hard Money
system of Old Bullion, Mr. Benton as
the best opponent and preventive TO the
fluctuations OF the Paper Currency, as
the most effective Limitation upon the
power Of Capitalists who would change
values, make fortunes, and RUIN the
moderate and small dealers by depress-
ing the circulation, forestalling the
then increasing the currency
and selling at advances and no article
in the market today is free from these
combinations: ana because the gold
values of all property, goods, wares, and
being the most permanent,
were the most available 10 protect those
values from change and fiuctuation, 10
prevent an increase OF Tariffs as the
prices would 20 up under the expansion
OF paper currency; and to prevent the
plumber Of the people when the prices
would 60 down under its contraction,
with a high tariff in operation TO ex-
haust them. In other words, pass a
tariff law graded to ruling prices one
year; next year expand the paper cur
rency and the prices advance and the
tariff at once is inadequate, tor the
foreign producer or his factor here can
sell al the advanced price, pay the
tariff dues, and the tariff becomes a
nudity, except to increase the price TO
the consumer, who in such large pro-
portional numbers are the workingmen
| believed in the gold currency because
it would tend to ill the country with
the precious metals, and to keep them
here to nearly the amount OF the
currency that its business would require
in competition with other nations, Tor
the business currency OF the world is a
great ocean of exchangeabe values!
teuding always to an equilibrium; ard
when one nation uses paper for that
purpose the gold and silver will flow to
that other nation which does not use a
paper currency to make up its proper
ton of business "cxchangeables orcur
rencv. So the country that uses only
large notes Tor commercial business will
drain from other countries using frac
tional currencies, the precious metals
for the daily business OF its people; yet
although Lyman Trumbull may not be
a hard money" man, would Willingly
support him for the Presidency against
man who knows nothing Of values
except to receive them as presents made
TO him as President, and as the means
Of enriching his own relations, and
because a free country with Il paper
currency is better than tyranny where
offices are bartere1 and sold, and the
people are corrupted by the example
and the temptations Of the rulers.
have for more than forty years beer
in favor of a Revenue Tariff, which by
Justly discriminating for Revenue give;
incidental protection to American pro
auctions, and opposed to Protective
Tariffs co aOmine, because they are a
very direct additional tax in all in
stances and on each article so protected
upon the consumer, and especially upon
the Workingmen Of the country who
have nothing to sell but their labor
and, therefore, pay all taxes without
any of the remunerat;ons which others
obtain from such Tariff. Their pres
ent increased wages is not dependent OF
the Protection OF the Tariff laws. L
is dependent mainly on the scarcity, o
workmen. Labor is like every othel
commodity in the market. When it il
scarce in the market it is high; when i
is in excess or superabundant it falls, o.
is cheap. Introduce the heather
Chinee' in large numbers and it cheap
ems the labor Of the country. A thou
sand Chinese shoemakers displace s