The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1876-09-21
,.,,o,. Easily Understood.

Points Easily Understood.
Mr. Schurz speech at Bellaire wa" the
,5I,e.. Of a statesman. He confined
himself to important points and made
.ysry poiul that he touched wonderfully
clear, even to the ordinary mind. lie
dsvotes himself, as we have noted, nlaiiii
IL 10 the business and financial situation
Of the country, as that is topic upper
most in the minds Of the great majority OF
yotpr.. and the one that has been made use
Of by the Democracy, more than any
other, to play upon the prejudices oil
the people. One Of Mr.. Schurz's points
i, the cry that "lhe times are
hard. and the people want a change,
Thiscry is the burden Of the Democratic
canvass. Certainly the times have been
snd are hard, though there ARE happily
.igns Of improvement. The people dc
indeed desire u change, but it is not II
mere change Of parties, lcas, Of all such
change as the restoration Of the Demo
cratic party would involve. They arc
rather inclined to inquire into the cause
Of their financial troubles aud To appl!
To them remedy which is practical and
philosophical.
The position Of the DsmoaralA on this
foremost question il lersely defined b,
Mr., sehurz. Their candidates are "a
h,rl,moncy man for President and a
.olt.money man for Wire President.
Their platform declares "for hard money
in one sentence" and adopts "the battle
cries Of the inHatiOnists and sOfL-mOney
men in another" There is a design il
this diversity. There is method in thla
madness OF contradiction The seeming
inconsistency conforms 10 consistent
purpose. The hard.money features Of
candidates aud platform were intended Ia
carrs hlrd.money States; the soft.money
TEXTURES, sOft.moncy States. The conlriy.
4nra wa believed to he shrcwd, but il
really vas very shallow. The Democrats
are fought in all the States as inIlationists
and repudiationists; and AZ such it ia to
he hoped they will be defeated.
Mr.. Schurz's exposure Of The soft
money iaIIacy is demonstration. Mr.,
Hendricks and his followers say that con.
traction il the cause ofthe ,listrcss which
dates from the panic OF 1879. In that
year there was an amount OF currency,
counting even in former years compound
interest notes, nine millions Of dollars
greater than in 1872, twenty-ninc mil
lions greater than in 1871, ifty7two mil
lions greater than in 1870; 6tly;six mill.
lions greater than in 1869 and iifty.two
millions greater than in 1868; aud
these latter years Shave generally been
called years OF great, OF unerampled
prosperity" SO contraction did not
work the mischief, because the distress
began when the volume Of the hecurrency
vas the greateat. Mr.. Hendricks and his
followers demand the repeal OF the Re
sumption ACT on the ground that it has
brought about the ruinons contraction
Shich has caused all The trouble. The
perfect answer is that the trouble began
in 1873, and the Resumption act was mol
passed until 1875 That there is NO
scarcity Oicurrency is proved BY the well.
known TACT that currency in millions Is
lying idle.
As Mr.. Schurz says, the first cause OF
hard times is ovcr.production and a
waste oil capital in speculative enter
p'l'e'. This evil is working its own sure
cure. What the country needs in the
way Oh leglslation IL to III. delivered IRON
all danger Of relapse by reason of III
ieaph nt re'inlaIion, or by reason Of
1''eapts to obstruct y natural return TO
sound currency. The Republican party
n the only party that moves gradually in
this wholesome direction. Gov. Hayes
declares that II elected he will take no
'IeF backward. All that we have gained
hH lar We will bold, as far as he is con.
'''nei' The Republican party is cdu.
ealing the people in this canvass to sound
monetary ideas, instead Of catering to
Tue pseiadicCs of the hour by crying
more money aud less misery" II Mf.
>Ann' BelIaire speech could be heard
Oy'Il the voters OF the land the country
you'd be immensely benefited.
rHE best joke Of the campaign ia the
attempted sell perpetraled on this com.
Iun'1y 1yye'terday morning by the Register,
III palning of us a report OF Coks
'peech at the Opera House Tuesday night
~ old cut and dry speech that Sunset