The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1876-09-20

pieces TO England, anu II 10 worth II
sterling. Take it to France, and II Is
worth 100 francs. Take It to Germany,
and Il Ia worth 80 mares. It's value does
not depend on the picture Of the Ameri-
cap Eagle on it, or OF the Goddess Of Lib.
erty, or Of the superscription Of the gov
ernment that attests the fact that il is
2O.dOllar piece Of money. To prove
this, he said, put that gold piece on an
anvil and effacc everything American
about il, so that you cannot tell where
it was coined, and .=yetr even then,
It's value Ia still the .same. It
is still worth "a sterling in England,
and 100 francs in France, and so mares in
Germany. But on the other hand, take
a $50 greenback and efiace all itS engray.
ing-the promise to pay OF tho govern
ment-and what 10 il worth? It 10 simply
IA rag, and nothing more.
Mr.. Scl,urz took up the 1865 intercon-
vertablc bond project for examination
and gave it very thorough ventilation,
pronouncing it one Of the widest
schemes for robbing the people ever
broached in legislative body. It meant
simply that those who had money and
were afraid to lend it to those who wanted
it in business, might deposit in the Treas.
ury Of the United States and without any
benefit TO the government receive one
cent per day on every 500 for 1t. Thus
tho government would pay an enormous
amount OF interest for the trouble oil re-
ceiving and keeping deposits from peo.
pie who were unwilling to either Use
their means in business or lend
il to their neighbors. And thus
every bank in the land would be
depleted OF its deposits by timid capital
ists and its ability to discount business
paper that much curtailed. All the in
terest thus paid by the Government to
depositors must needs be collected from
the people in the shape OF additional
taxes. As well might the farmer ask the
Government to pay him for holding his
wheat and wool out OF the market as the
capitalist ask it to pay him for holding
his money out Of the market.
Passing from financial topics, Mr..
schurz took up the question Of civil SER
vice reform. He showed tho great need
Of reform in this particular He quoted
from Governor Hayes letter Of accept
ance, and also from Tilden's, to show their
positions. Hayes was bold and explicit,
Tilden covert and ambiguous. Hayes de-
clares in advance that he will not be
candidate for reelection, and that
his inaguration will not be the signal
for scramble for power and place among
$4,000 Office holders. He proposes to
turn out the undeserying and retain the
falthfdl and efficient. ,Tilden will turn
all ont, and We shall see such a raid
from the South on the Offices Of the gov
ernment as was never witnessed be-
fore in the history Of this country.
The spectacle Of the raid on the $50 off.
ces belonging to the House Of Represen'
tatives, recently witnessed, would be as
nothing to what we should see in the
event Of Tilden's election. For these $50
offices there were said to be $4,000 ap.
plicants. And look at the Hambletons
and Fitzhughs the Democracy put into
power-,he former being the man who
had named his child after the assassins.
tor OF Abraham Lincoln, and the lat.
Ter the man who had brought ridicule on
himself and the Democratic party by an
ignorant vain.glorying letter that had
come to light. And look too at the indi.
cations, in case the Democracy come into
power, Of an organized attempt to collect
Confederate claims of the Government.
Already a bill providing for the re.
payment Of the cotton tax. some
si1ty.eight millions Of dollars, had
been introduced. Mr.. schurz read bill
that had been introduced into the House
which provided that the Secretary OF War
should be empowered 10 pay claims on
the oaths Of the claimant, and the attesta'
tion Of one other credible person, with.
out further formalites. Now suppose,
said Mr.. schurz, Mr.. Tilden should be
elected, and he should appoint some
Rebel general as his Secretary Of War
The whole thing would then be fixed.
Again, to organize fund Of $l0,00O,.
900 in order to put through .
bill like the proposed repayment
ofthe cotton tax would be comparatively
easy job, and he never wanted to see the
country placed in position where the
virtue Of the average Congressman would
be subjected to so much temptation. The
South was hungry for money and not like
ly to be over nice about the means Of get
ting even with the North, All sorts Of
projects, with this object in view,
would be brought forward in case
the "Sclid South I" should come
into power in the Government. North
ern Democratic Congressman would
again be tempted, as they were in days
gone by, to court the "solld South" for
in the South would lie tho strength and
power OF the party. We should see Dem.
ocratlc Presidential aspirants courting
the South asin other days, ready to vote
for such bills as the South might demand
at their hands. This was one Of the dan.
gers Of the future against which we must
guard. We could etfectually guard
against 1t by placing such man as Hayes
at The head Of the government, He is a
man who can be trusted, for he is