The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1875-11-20

NpN'nlp'T Ia.
Editor, OF the Register
Seeing AN extract from the Charleston
Coarier, in which the Conr,er correspon-
dent dilutcs largely upon the distress OF
his district and proposes II stay law for
three wears, induced me 10 offer my views
with regard to what the COURIER CORES
pondcut.regards It's an impending cslam-
i,y and the panacea therefor.
| claim to he II pretty good Democrat,
bu. not AZ iniiationist. TO give all my
view, IN regard to imitation would proba-
Div be more tedious than instructive, but
| claim this in regard 20 the many fail
urc, and great depression in trade.
First-The redundancy of currency
has been the cause OF over production by
manufacturers, and merchants have over
bought with the prospect of long credit,
and traded incaGtiously, If not rccklessly
SccOndly-The demand Of the con-
,umer has not kept pace with the cxpec-
ta,ion of the manufacturer and trader.
ThirdIy-The currency of the world
being gold and silver, for it is known
thut the gold dollar bears II representa-
ton of value in every part of the world,
while paper does not and cannot, We have
ovcre-timatcd our wealth and resources,
and the hard money OF the country has
been taken from our people and the
paper currency has been found made
guntc 10 the wants OF the country.
This j. about the @ist of the matter,
and we Americans must adjust our bu,I-
u. ...fg
wi.l ,tay law help Us out, or will it
make Our condition worse? As matter
ct convenience to some, it would be- Use.
full, and probably proiong the day Of
their troubles and disasters. ask, doe,
stay law pay debts; does it stimulate
to greater eXertions; does 1t
renew our energies or nerve
rs Tor greater contest; does
it not settle individuals and the
country into more general apathy? live
had no intercourse outside our own State
then stay law could not work SO much
injury; but our trade extends to other
states and countries, and much oft Is car
ried on by credt Can we buy on credit
when it Is known we have stay law of
three years; would this not paralyze trade
and cripple, if not ruin our very best
business men? a stay law would in my
opinion be blot upon our name as Il
State. arguing as it undoubtedly would,
An exhaustion of our resources, and our
inadequacv To compete with other and
weather. States. Besides ii does not
speak well of us As an economical frugal
industrious people. We may have go
ovcrtraded and been so reckless as to
need a stay law. But will stay law
recuperatc u,? VIII it not rather pros
trate than avert the evil that seems like
pail of gloom to overshudow Us.
/ would rather say let US adjust our
selves and our circumstances to the cOndl-
ton OF things. Let Us retrench, econo-
omize and redoubIc our cXertions. This
! think will do more toward eXtriCatlng
us from our dilemma than stay law.
In n conversation with one OF our mcr-
chants ! think learned something USE
tai and which may be of benefit. He
was Engaged. in connection with his mcr-
chandizc business, in shook making. |
rcma l,cd, you are nj - business there Is
nothing IN ut this time, when ne remarked
there wa, rs much in il now II, ever II
propcr,v managed. | of course was
anxious to know how this conld be when
there was more decline in shook than al
most ANYTHING else. lie remarked he
accommodated his business to circum-
stances. This wa~ his explanation: He
took too dollars per thousand oil OF
>tave, now made; he gave three cents
less per shook for shaving the slaves he
paid five cents less per shool; for making
and five cents less for hauling and 10y
little calculation | saw his profits
on each shook when sold az 81 90 was
only seven cents less than when s~ld at
81 ~, which always has been considered
good price. Now cannot almost all the
business o. the country be carried on i.
this general principle OF retreuchlng Is
adopted. While | am by no means AN
admirer OF Genera. Grant, yet ! think |
may be allowed to adopt the expression
which has made him famous. and say
Let Us fight It out on this line. ~ our
Legislature will soon convene, | hope
their good sense Will not allow them to
act precipitntey pass any law that viii
conflict with individual rights or the IN
trrests ofthe State. Come veal or come
Noe. lei Us pay our individual debts, and
not cucumber our posterIty with our IN
advortnnCes. Respectfully,
\ CONTRACTIOSIST.