The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-01-29
aehesliag &e9ister.
GOVERNOR HENDRICKS VIEWS
Upon Resumption, Restoration OF
silver. aud the Public Credit.
Correspondence Cincinnati Commercial.

lie was so agretdple, GU Jun Va
and suggestive thought, that 1t seemed q
pity to interpose q word of politics, but
the demands of the press are imperative,
and | preached the subject. To my re-
lief there was no change in his counte-
nance or man ner, and the following con-
yersation ensued:
Correspondent-One OF your political
friends has Just told me you would ad-
dress the coming Democratic State Con-
vention of February 20. in relation to
current topics of interest. Have you
any objection to stating your views IN
advance?
Governor Hendricks-Of course L
have no hesitation in expressing any
views l may have on any question OF
public interest, but have supposed 1t
would be very proper to await the action
of our State Convention.
Correspondent - Then the public,
which now seems to demand an express
Ion Of your views, will have to wait un.
til the Convention shall meetI
Governor Hendricks-I die not know
there was any demand for my views. l
believe they are well enough understood
here. l have not sought to withhold
them. Let me ask upon what questions
YOU wish TO know my views?
OBSERVATION-DISCLOSURES and Sill
yer.
Governor Hendricks-Iou know very
| we'll what think about the Resumption
law. | made my objections to 1t very
fully in the Ohio Campaign Of 1875. L
was exceedingly anxious for Governor
Aliens re election because thought his
administration merited,popular approval;
but, more especially because l thought 1t
would contribute 10 bring about repeal
of the Resumption Law. After bis de-
feat l had no hope of its repeal. sup
pose the Republican Senate regarded his
defeat as an Endorsement of that policy.
The passage of the Resumption Law was
not suggested by any supposed interest
| of the country. 1t WAS the result OF
party necessity as declared by Governor
| Morton and Mr.. Sherman IN the ONO
campaign of 1875. In my belief the Re-
sumption Law has been the source OF the
greatest calamity to the business interests
/ and prosperity of the country. 1t has
had the effect of causing men to hoard
green backs, and the banks to withhold
circulation for fear OF being crushed cut
By forced redemption in gold.
Correspondent-Whst do you think OF
the repeal of the Resumption Law?
Governor Hendrickg-I do not feel
that the repeal of the Resumption Law
IS C. question. lis fate was sealed by the
Inauguration OF Mr.. Hayes, who is
pledged to sustain it. Every man who
voted for Mr.. Hayes voted tor the hard
enforcement of the Resumption Law.
Its repeal will be vetoed by Mr.. Hayes,
who in so doing will carry out the views
he clearly and positively expressed be-
fore he was Insugursted. No man who
voted for him could fail to understand
these views, and he would be unresson-
able to expect him to act otherwise. If
any such idea WAS entertained, the ap-
pointment of John Sherman as Secretary
of the Treasury was enough to show Its
fsllscy. John Sherman, whose views
and purposes are not modified by any
consideration for the wants, hopes, well
fare or suferings of the people, was made
master of the position.
The Resumption Law has brought evil
and no good to the country. 1t has not
even contributed to specie payment.
Correspondent-Whst has?
Governor Hendricks-The approach
of paper and gold toward each other in
value hiss been the result of q fortunate
foreign trade. Balances of trade being
in our favor; the tendency of gold mas
been towards our markets. This is
illustrated by the two vessels now upon
the ocean, each bringing US a million
of dollars in gold.
Correspondent-Are you in favor OF
reconciliation of sIlyer2
Gov. HendrIcks-C Certainly. From re-
liable evidence on the subject the legs-
lation demonetizing silver was most CO.
iectionable in lts character. The people
were not consulted at all. They had no
intimation that such thing was being
contemplated. II seems that most OF
the members of Congress had no knowl-
edge of what was beng done. Because
of this, if for no other reason, silver
money shoIld be placed just where 1t
WAS. Experience will then demonstrate
to Whist extent the depreciation OF silver
below gold has been owing TO the fact
that it WAS stripped of its quality of
moneys quality of every Importance
to its value.
Ii experience SHALL establish the fact
that there is a permanent and increasing
difference between gold ard silver, be-
cause Of the increased production of the
latter, then Congress will be charged
with the important duty Of regulating
the coinage and value of each, so as to
avoid the evils Of double standard.
Silver has become an important pro-
duct of this country, and, IL smuch as
the world recognizes it IS q money me-
dunn OF exchange can not see why we
should not utilize our large product of
,tst metal TO the greatest extent that
may be found practicable. Its value, rs
money, to this country Is too great to be
thrown away.
Correspon dent DO you think the res
torstlon OF silver would be breach Of
the public faith?
Governor Hendricks-By no means.
The law Of 1869, the first act signed by
General Grant, pledged the faith and
honor Of the Nation to the payment Of
the public debt in coin. The silver dol
lsr was then part Of the coin of the
country, as houored in law ana
commerce as gold. Neither public
faith nor private obligation can be i'm
paired by 3 compliance with the con-
tract in its letter and in its spirit. To
me it is plain that the public faith is
made more secure by such policies as
ensb. e the people the more easily to
meet the country's obligations. Surely,
to restore silver money will facilitate the
discharge OF every public obligation, snd
promote a return TO specie payment. a
prosperous condition of the country Is
the 6es. guaranty OF the observance of
public faith. / think Congressional
scuon upon these questions should be
taken as promptly as possible. The con-
tinued sgi,stion causes distrust and IN