The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1877-11-12
"a singular Question for sebate.
WHEELING, November H.

WHEELING, November H.
Communicated to the Register.
Plasse allow me little room in your
psper to say word or two IN reply 10
A w. Oampbellis article IN FRIDAY
mornings paper headed "a Singular
Question for Debate" He appears to De
in high dudgeon over the resolution 10
he discussed by Hancock county deoa'-
inc society which reads as follows:
aResolped, That green backs are more
beneficial to the people OF the onl'eu
States than untaxed bonds.
In his remarks and structures upon
this STOOL proposition" as ne calls IL, ne
tskes occasion to say, "Whst brilliant
6nsncisl scheme this would have been
dnrinc the war! Three billions OF
money loose in the land. Think OF thai
What a brilliant scheme it would De TO-
dav Two billions Of money floating
knee deep over the country. Ihlnk also
OF that. Even Laidley, OF hanswna'
YES, even Albert Wells, OF Wheelins'
would be appalled, at such an idea'
The country would not have sur
vived the one.fffth of such an Issue
OF paper money during the war.
The only thing in the world that saVea
it was the patriotic willingness OF the
neople to fund currency with rapidly
| into bonds. Even as 1t was, the cur
rency almost lost its purchasing power
when gold went TO 2o5."
This is the point where l want 10 put
in, bv denying that 1t was because Oh Tue
quantity of the currency. l say 1t was
not When | do SO, l do 1t with q fu,i
knowledge OF the force OF my dehiSi' l
tell YOU. Mr.. Editor, that | know, you
know. and A. w. Campbell knows, ana
every intelligent man IL the me-
States knows, that Mr.. a. w. Z. Oegs
the question when he tells us that goiu
sold for 2S5, because of the abundance
of curI ency in the country AT that t,th9
He knows as well rs you or | know that
it was to avoid taxation first, aud to sc.
their funds in shape that they COulu
convert them into gold more readily IN
the event of disaster overtaklng the
armies ia the field that caused gold 10 ad'
vance to 2S5, or greenbacks to go GOWN
| il YOU prefer to SO call 1t. we Will sup
pose case, il you please. owe one
| hundred thousand dollars; the indebted
ness is evidence by boGds bearing inter
est at any rate you please TO name say
six per cent in gold. You owe
the same amount. Your debt bears
no interest; it is in the shape
Of promises TO pay. Our means OF ability
to pay is exactly equal. All We nave got
is pledged to the payment OF our doO'S'
Whose credit should be the best IN the
market2 ask and answer myself. our :
certainly ought to be the best rs you
have u fixed debt to pay-no more, 10
less. Yours is not growing every cay
with Interest, Ms mine Is. Your credit,
therefore, cu h. to be the best.
So then with our country. We owe,
say in round numbers, two thousand
millions, which is evidenced principally
by bonds. Suppose We issue greenbacks,
or paper meney il you please, IN sufficient
quantities to gradually pay of the bonds,
will 1t make the country any less able 10
paw its debts than 1t Is now.
because the form of the debt is changed Z
| say, no. Who then will suffer? No
| one, L answer, DuL uilllOuS VIII w '''
gamers. The idle drones may con-
plain, but without just cause. They now
invest their means in those bonds; have
no employment. tor themselves or their
wealth; live on their coupon clippings
Do away with the bonds, give US green
backs in their stead, and you will do
away with this class OF idiers. They
will become producers as well as con
sumers, and they will lGvest in business
of some kind. So long as you offer IN
ducements to people Of q certain class
to live in ldleness they will so live, aud
be OF no earthly advantage to those
around them or the country. Give u
green backs and no bonds, and they will
then engage actively in business OF some
sort. If nothing else they will invest 10
lands, loft, etc, make improvements
and build houses, thereby euTlchlng the
country, besides furnishing employment
to the Idle millions who are now almost
| crying for bread.
| A GREENRACE