The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-02-18

possibly be attempted, Is simply 10 pro-
claim the reckless disregard Of conse-
quences which has been manifest
throughout In the temper and proceed.
iDgs OF the majority.
GAs Il stands, the bill violates the
pledges OF the Government TO the great
body Of lis creditors, gives the efficacy Of
law 10 the declaratory resolution Of Mr..
Stanley Matthews, at the expense Of the
public credit, and blocks the channel
through which alone gold aows into the
Treasury. Itis this aspect Of the measure
which renders It's passage through the
Senate by more than q tWo.thirds ma jori.
~ 10 painfully significant Meanwhile,
a blow Is struck At the Nations credit.
It's plighted faith with bondholders Is
broken, and an unsettlement Of valuea,
coupled with uncertainty as to the future,
will embArrass business and retard the
improvement which under more iavora-
BILE legislative conditions might have been
hoped for. True, the bill Is not YET law.
It's strength in the Senate points TO It's
passage over veto. In The House q
similar test Of strength Is yet to be ap.
piled.
Whatever be the result, the duty OF the
President cannot be eyaded. He is COM
mitted irreyocably by his own declara-
tions, by his antecedents, by the promises
and explanations Of his Secretary Of the
Treasury to do what can be done to pre-
vent the enactment Of measure which
stops the gold supply Of the Government,
and compels the payment Of gold obliga.
tions in deprecated coinage. What his
opinions are on the general question OF
silver, the country has not been permit.
ted TO know. His silence. and The equiv.
ocal statements Of Mr.. Sherman, have
given rise TO come misgiying as to their
position in regard 10 the proposed coin
age and its effect upon the general inter
esls Of the people. In so far as the pub
lie credit Is concerned, however, his
utterances have been too explicit 10 be
mistaken, and We are not prepared to
believe that be will permit the pending
bill 10 become law without strenuous
effort to frustrate is mo st obnoxious pro
visions"
New York World.
The Senate Of the United States at day
break yesterday morning solemnly au.
thorized the United States Government
to announce that il means to pay its cred.
itors ninety cents on the dollar. or
course, IL this is right and proper thing
on the part OF the Government, 1t is a
right and proper thing on the part OF
| 1indiyiduals; and those who are -flatiering
themselves to-day that the passage Of the
Bland Silver Bill is finality in the career
upon which ita successful authors have
entered, will learn before many months
have passed what the passage Of the
Bland Silver Bill means. They may
amuse themselves, II they can, with ppec.
uiations as to the immediate effects Of this
measure upon the relative value Of gold
and silver, and as 10 other incidental and
trivial results OF this iirst successful as.
sault upon the foundations Of property
in the New World.
But the day ia not far OF when they
will learn what II costs the individual
citizens Of great country TO acquiesce in
a course Of public action, which, in the
emphatic language Of such plain man
OF business and oi common sense as Sena-
tor McPherion, OF New Jersey, "shames
law and pollutes morals" Those who
have deluded them.elyes into the notion
that the scandalous movement means
simply the reconciliation Of silver will
DO we'll now 10 consider whether II is
human nature that desire merely 10 see
two kinds Of metal used as money instead
OF one kind Of metal, should so excite the
passions Of great people. Where so
formidable an effect appears, an adequate
cause needa to be found; and the
true significance Of the silver move
mtut must be fonud in the In
solyency Of the great masses OF our pop.
ulation, who have madly persuaded
Themselves that their individual fortunes
can be redressed by adjudicAting the
whole nation into bankruptcy. II they
are now to have their will Of the credit
and the honor ot the American Govern.
ment, il may as well be plainly under.
stood that This bill, which hos been open.
ly described and advocated by its most
conspicuous Representative In the Sen
ate, Mr. Voorhees,, as II measure on be.
half Of labor and the rights Of labor
against capital and the tyranny Of capital
must inevitably lead to systematic and
sustained assault upon property 10 all
the forms Of credit, private as well IS
public,