The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-09-06

cautions Of the government to secure the
bill holders against fraud, When the
government gives notes It requires bonds
and it sees that the banker does not gel
Sl60,00O instead Of $4,000 for his $780,
900 OF bonds.
No better system Of banking than the
present has ever been instituted in this
country. II circulation were wanted, il
would be procured without reference to
the premium on bonds. II Is not the
want OF circulation, but the want Of bus.
iness, that Is the matter with the country,
When these tinkers Of the currency are
asked how much the circulation is to be
increased, they say that Congress is to be
the Judge Of the wants OF business, The
very uncertainty OF what Congress would
do would distract business more than any
thing else since the rebellion, as indeed
the fact that there was no settled financial
policy has had not little to do with the
unsettling Of business,
THE NEXT CONGRESS,
In the next Congress there will b. sew.
enty members, COlOnels, Majors, Cap.
tains, etc., in the rebel army. Having
seen the money Of the Coniederacy degen-
crate into worthless trash, what will be
their course In regard to the currency
viii II be safe TO trust the regulation OF
the volume Of circulation to men who,
for the most part, represent q constituent
Cy who, instead Of going to work ten
years ago TO retrieve their broken for.
tunes, have been sitting around, Nasby
and Bascomb like, growing at the Gov
ernmentH They never think that anything
10 required at their hands, seemingly eX.
pecting or demanding that the Govern
ment will print enough money so that
they can all, as q Tennessee member Of
Congress expressed 1t, "get their sharl"
and these are the people whose demands
for more money you are expected to
meet.
THE PARTING OF THE WAYS.
Last winter Congress stood as It were
at the parting Of the ways, Should It's
policy look towards the solid land OF
specie, or instead launch out onto the
broad sea OF imitation which has no sound.
ing? II turned towards specie.
THOROUGHLY DISHONEST.
The Democratic leaders are not fond Of
the greenback, their whole financial
record proves them essentially and
thoroughly dishonest in their present
position. Go back 10 The war; the frst
payment to the army was In gold, for the
government had no currency. Afterward
payment was made In demand notes, then
came the greenback and afterwards the
legal tender. The Democrats opposed
all paper issues as unconstitutional, de-
MED the power Of the government to make
them. Pendleton denounced them as
vagabonds on the face Of the earth and
like unrepentent sinners, knowing not
that their redeemer liveth, When Judge
Chase decided that these Issues were not
a legal tender for the payment Of pre-.
existing debt, these Democratic leaders
called him an honest Judge and said, |
told you so. Afterward when the COurtde
Cided the issues good under the war power
Of the government these same Demo.
cratic leaders charged Grant with having
packed the Court, yet to-day this same
organization wants at least 376 millions
more Of thisunlawful money thrown upon
the country. l said the Democratic
leaders were dishonest and | have proved
1t.
THE REPUBLICAN DANTLINd.
Mr.. Allen calls the greenback a Re.
publican bantling. We acknowledge the
paternity. The government by Its war
power called out It's soldiery and by the
same power Issued the money to pay them.
The same Court, therefore, which decided
the issues Of paper money within the war
power Of the government would hold
them unconstitutional In time OF peace.
We now propose to stand by our green.
back bantling until II has attained the full
stature Of dollar, and don't propose 10
have spurious issue by the Democrats.
We incline to the views Of the little girl
who was the only child Of her parents, and
quite large Of her age, who. visiting her
aunt who had quite number Of children,
all small for their age, said: "Aunt, don't
you think II would have been better not
to have had so many children, and had
them largerT We don't want more
money, but we want 1t worth full humid
red cents to the dollar. The Democratic
leaders only seek to multiply greenbacks
In order to destroy their value. They
want cheap money. The banks have
plenty OF money 10 lend to all who have
anything 10 get II with; but, says the
Democrat, we will drive It out Of the
banks. Suppose, then, that the banks
should go66le up the first issue9 The
Democratic iinanciers will say, issue more
money. Yea, my fellow.citilens, n little
judiCfous Democratic legislation would
drive II all out on the street. Money
would be 60 cheap that neither the banks
nor any one else would have II. They
would give II for anything at all that had
even the smallest intrinsic value.
FAITH IN THE GOVERNMENT.
Nothing but the faith Of the people
that the government will eventually re.
deem the greenback gives II any value. In
1886 Just before the collapse Of the rebel
lion, gold reached 1856 because the people
had not confidence that the government
would be able 10 maintain ITSELF. When
the war ended In success gold declined
10 1877 from 1856. Then The Democratic
leaders commenced their raid upon the
credit Of the nation and gold ran up again
10 100. The premium rose and fell with
the faith Of the people.
COLD NOT A ooMMoDlrY.
Cary & Trevellick tell you that gold is
commodity, you can glut the markets
Of the world with commodities, but you
can not not glut them with gold and sill
yer. II a man have millions Of II lie
will give as much for the last dollar as
he did for The first All nations have
tried in vain 10 substitute gold as the
standard Of values, yet oil monies
whether stamped on paper or leather, or
made Of pot metal must come 10 gold.
Capt. Danfofd here read an extract from
the speech Of Allen In 1888 when In the
bitterness Of his opposition to q paper
currency he characterized II as privilege
paper and oppression, against liberty, la
bof and property
The old leaders Of that day would only