The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-08-07
POLITICAL.

RUTLAND, W., August 6.-Ths Demo-
crats Of the First District have nomina.
ted J. r. Randall for Congress.
CNoIsHArr, August Cat the county
election, Covington, Ky, yesterday, the
Democratic ticket was generally success
fol, and at Newport the Independent was
victoriouA.
BELFAST, Ne, August 6.-The Repub.
lican Congressional Convention Of the
Fifth DiSiriet, to-day, nominated Eugene
Hale by acclamatlon.
CrscfRxAr1, August 6.-The Republi-
cans nominated Isaac Morton and the
Nationals nominated Hon. T. ]. MAginnis
for Congress from the 14th District.
ST. PAUL., August 6.-The Demo-
cratic Central Committee was In session
in this city to-day, and called the State
Convention 10 meet here September
9Th, and the Congressional Convention for
the First District September 9Th, also in
this city.
DOVER, DEL, August 6.-The Demo
cratic State Convention to-day nomina-
ted John NJ. Hall, Of Kent county, for
Governor by acclaination. E, L. Martin,
Of Sussex county, was nominated for Con.
gress. One Of the resolutions endorses
DelaWare's Senators aud Representatives
In Congress as follows: :.
In accordance with the time honored
and constitutional faith OF the Demo-
cratic party we hold that the only honest
and lawful money Of the people OF the
United Slates is gold, and silver coin or
paper currency convertible in such coin
ai:the will OF the holder.
NEw ORLEANS, August 6.-The Timer
Baton Rouge special says that B. L. Glib.
son was rtnominated for Congress in the
First and Robertson in the Tenth Dis.
trict. .. -
EXPELLED FOR oFFERs TO SELL THEIR
VOTES. ...
New oRLEASs, August GA Times
special from Baton Rouge says: The 4
delegates from the 10lh Ward OF New
Orleans, who offered to sell their votes
were expelled from the Convention.
After 81 unsuccessful ballots for State
Treasury the Convention at ll:SO o'clock
adjourned until Tomorrow.
Fist ballot-Burke 1872, Moncure 1s43,
Richardson 93l, Blank 8. Necessary to
choice 2OS. sI Tes ~.
Last ballot-Burke l45, Moncure 164,
Richardson II, Taylor Al,
SENATOR MCDONALD OPENS THE CAM.
PAIGS.
LoaAssPoRr, IND, August 6.-Seuator
Mcdonald opened the campaign here TO.
night TO large audience. Speaking OF
the financial question be said his views
were the same as four years ago, that
the specie basis Is the normal financial
condition OF every commercial country,
because specie in the same manner forms
the standard OF value, II we have no trade
or commerce it would not matter what
medium Of exchange was adopted between
ourselves, but we are q commercial na-
tion and people, and il ia necessary to
have our standard value approximate
with the standard value OF other
countrie,, we cant afford 10 use currency
because in disregard to the worlds cur.
rency we fail 10 provide for ourselves.
A nation that has departed from this
rule must lose It's position unless ii re.
turns to specie payment as soon as prac.
ticable. The close OF the war ended the
necessity for extrayagrnt expenditure.
A speedy reaction set In and the differ
ence between gold.And paper was. .consid-
erably reduced, but there came time
when the process OF closing the gap be-
came more difficult, for this reason: We
have nearly seven hundred millions Of
paper circulation and only about a hun
dred and sixty millions specie in Treasury
and the attempt to reduce the volume OF
paper currency too suddenly would
break down the industrial interests Of
the country. Upon this account l voted
10 favor OF the resumption bill. 1pre-
ierred to wait until the legitimate busi.
ness OF the country should enable US 10
grow out Of the, dilemms, keeping con.
stantly in view the fact that we are out
Of our true position as commercial peo.
pie until there should be no longer any
difference between 4 gold dollar and
paper one. l do not consider
the question OF our currency set
tied until specie payments shall
be resumed. Az Democrat ! ever
looked upon such monied Institutions as
National Banks, existing under the au-
tbority Of the Federal Government as
dangerous engines Of political power and
do not feel willing to see the system
perpetuated for any supposed ad-
vantage that may spring from 1t
10 addition to this the perpetus.
tion OF the national banking system
as we now have II renders 1t necessary
to have a perpetual national debt. | am
anxious 10 see the national banks OF this
country 10 sure and certain process Of
liquidation. ] can't believe that Con-
gress possesses the power to coin money |
out Of paper; YET believe in the
right OF the government 10 use her credit
in the form OF treasury notes TO any ex.
tent her creditors will receive them, aud
that the people may use them among
themselves as \ circulating medium, and
while the government is carrying so large
debt see no reason why she should
not "a far as possible relieve the people
Of the burden OF the debt by the free use
Of the treasury notes, and thus tighten
the burden Of the government and at the
same time furnish safe circulating me-
dium for the people,