The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1877-08-29

Mr.. Wells hardly needs my "coln.
ments" from us on his communication.
We have been convinced for some time
that he is past the reach Of any medi-
cine that we can administer.
|. The Government could not equalize
greenbacks and gold by any process
whatever, as long Us so large portion Of
its payments must be made in gold.
How, for instance, could the Government
supply itself with gold interest on It's
debt, and gold for the foreign service,
without buying it in the markets?
.. We get gold now or its equivalent
for what We export. How comes ii that
such tinancier as Mr.. Wells does not
notice the constant importations OF gold
3. We despair OF answering such a
question. Gold and labor (sec Adam
Smiths Wealth OF NatiOns) are convert.
able terms in the markets Of the world.
Gold is pre.emiuenIly the standard Of
labor. How can paper dollar, that may
be multiplied indefinitely without labor,
be n standard?
4. II has been mixed legislation, aud
some Of it very objectionable. Had it
been better legislation it would have laid
hold OF the finances Immediately after the
war, Us France did, and not have fostered
Il spirit OF imitation and speculation, such
AZ Mr.. Wells would like to see started up
once more. ...
5. The manufacturers fight the rail
roads in the matter Of freights whenever
there iaa necessity for it. Their self in.
tereSt can always be relied on to do this
LitterIy, however, there has been no
need for any one to wage war on them
Their competition with each other has
brought them to the verge OF bankruptcy.
q. This question makes bare Mr.. Wells
great lack Of elementary information
The idea that manufacturers prefer TO
keep their mills idle for the sake Of gait
in some other direction is supremely ridi
culous. OF all people they have suffered
severely by the panic. Very many
oi them were ruined for lack o
means to tide over their difficulties. Thi.
would hardly have been the case had they
had reserve OF government bonds. Ii
Mr.. Wells green enough to suppose tha
the manufacturers OF Wheeling arc loade,
with government bonds ?
Lastly, We are asked whether the hart
times have not kept pace with the con
traction OF the currency. Does Mr.. Well
not know that the panic occurred whel
the volume Of currency was ut its foo,
tide2 Does he not know that a panic al
ways follows an undue expansion Of cur
rency and credit ithe two invariably E,
together), and that our present hard time
are the result OF saturnalia Of waste
extravaganza and debt begotten by til,
war and its. paper money initiation o
values?
Mr.. Wells gently intimates that "mus
Gle" will be brought to bear on thi, ques
tion, ii some other remedy is not found
This Is the language OF a communist
The Pittsburgh riots are the legitimat
sequence Of such talk. Perhaps Mr.
Wells thinks that universal riot
throughout the country, accom- panied b.
plenty Of burning and pillage, woult
usher in assessor Of great prosperity. A.
aei' mailer, he, perhaps, thinks that .
great demand for nails to rebuild The
burned houses would follow. No wealth
Sould be needed With which to rebuild
All that would bc necessary would be .c