The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-09-17

daughter and applausc), when your dairy.
men can make more butter ana cheese ny
watering their milk Qaughterl, when you
can have more cloth by increasing your
yard.stick one-half (langhterl, when YOU
can sell more tons OF merchandise by
shorteningyour pounds one hall, then ana
not till then you can increase the values
you own BY decreasing your standard oil
value. (Deaiening and long-continued ap-
plause.l aP .t....
THE NECESSITY or RIDEENISG TIlE PLEDGES
OF THE CURRENCY. *.
But some one meets me with this: "Af-
ter all, sir, whatever you may shy about
The fact, yonr paper dollar will pay debt,
no matter how much depreciation may
have smitten ii, and what we want isa
money that will pay debts Anp now
there Is n certain element OF truth, It must
be admitted, in that. and that, ieliowrfill-
zens, is the evil OF deprecated currency;
A currency that is not at par and Is legal
tender has these two qualities IN u: one
its debt.paying power, the other us pur-
chasing power; and whenever these Two
values disagree you notice the utmost con:
fusion and injustice in all the business oil
| life, From the highest to the lowest, Il the
debt-paying power. and tho purchasing
power OF your money are not alike, you
are in a confusion that can never be
healed except by the law coming in anu
taking away that power that made them
unlike. / suppose ii by the brute force oil
congressional vote and presidential appro-
yal, we should be wicked enough 70 do 1t,
probably Congress might wipe out alldebts
by universal law OF bankruptcy that de-
cIares that on a certain day all debts
should be cancelled. But the men who
would counsel that, or who would counse.
the making OF paper that would accom-
plish that, would be denounced by every
| iair-minded man in the world US villain.
| II that is what the greenback movement
means, We dare our enemies to face 1t.
Now, fellow.citizens, we come back to
the primary question Of this light, al
firm, against all opposers on TINS subject,
that the highest and foremost present duty
Of the American people is to complete the
resumptionof specie payments, ldreat 9p-
plause and cheers And first Of all, By
cause the solemn aud sacred faith oil this
republic is pledged to resumption: And
II It were mover so hard to do 1t, II the bur
dens were ten timcs creator than they are,
this nation dare not look In tho tap9 OF dotl
and man and break Its plightod. word,
loud applause.) 1t is q fearful thing for
one man to stand up in the face Of his broth.
or men and refuse to keep his pledge, and
It Is iorty-hvo million times worse Tor Q
nation TO do it. 1t breaks the n,ain.sprlnB
Dof faith, it unsettles all security, it dis
turbs all values, and makes the life OF the
nation peril In oil tiMN to come. II We
should break our faith now, who would
ever trust the republic again in an hour OF
danger7 n We break our faith now, we
don't deserve to ho saved When we arp
again in peril. am almost ashamed to
give another reason for resumption from
this one | have given. tits M great, 20
complete, that no other Is needed; but
there is another reason, almost as strong.
II there were no moral obligation in the
case, II there wpre no public faitltple.d2ed
to it, affirm that tho resumption o! spe-
cIp payments is demanded by every inter
est Of business in this country, and so i'm
perativcly demanded that 1t oan be demon
strated that every known interest in Amer
lea will be strengthened and bettered by
tho resumption Of specie payments. 4
fd BRsusrrIoS THE room MANS roldoY. 4
Fellow.citizens, those who oppose II un-
dertake to defeat It by saying that tho re'
rich and hurt the poor. deny the ailcga.
ton. Resumption OF specie payments
will help all, hut | affirm that II will cspe-
cially and in o great measure, far greater
than any oth0r, help tho lahorlng people
OF the United States. Prolonged applause
How? I.etus see how! In rising from
the old coin standard, or falling rather
from, II ~ wc did till our dollars wore
worth hut. aS cents, all prices were inoreas-
ed, but they were not all increased alike.
First, the commodities Of common trade
went up In price, ono by ono tho articles
OF industry went up In price. and, accord
ing to the universal law, the price OF labor
went up last, II was the Inst TO rise. "a
voice: ''Como down llrst," Applause and
lauehtor,) And when It did rise it didn't
rise so high us tho cost Of living rose, and
in the widest days OF initiation We know,
when the increase OF wages was 90 per
cent, the increase Of living as75 per cent.
SO that imitation, though It increased the
nominal price Of tho lalorer's wages. ST.! y
greater Increased the cost OF living. ltoi-
fered him more, but in fact gave him less.
That is what imitation did. And now some
one In the audience anticipated me, md
wisely. When labor comes down it comes
down among tho first, Tll4t y lrlle, m
uncertain currency that goes pP,9nd down
hits the laborer the hardest blow both
ways. Prolonged applause.) It helps
hin. last and Il hurts him first and, thert y
fore, OF all men in America, the man who
ought to demand tho resumption OF specie
payments and tho fixing and making Ger
tain our standard OF value IL tho lahorlng
man, who can only suffer when that stan.
dard is departed from. Great applause.
Tho capitalist can take advantage oil the
market. II 10 has anything TO buy, no is
not compelled to buy itall today; no can
whit till the market price is low and buy
IL ut nm advantage. II he has something
Ia sell, he is not compelled to sell today;
he can walt till the price is up and sell at
its best Not 10 tho lahoring man, I!Q
goes out into tho markets. OF tho world
with lust ono thing to sell, and that is this
DAVIS work. The Work of his own mus
Giles that he can do to-day no must soil to-
day, and ut the price OF to-day. or it is for
over lost, What he needs to buy he must
buy now, whom necessity compels him.
liz therefore cannot like the capitalist,
dodge the difficulties OF initiation and uon-
traction, Of tho ups and downs Of the stan
dard OF value, but they strike him both
ways, and strike him hard. What, there
iorc, the laboring man needs is this;
When be has earned his money he shall
get It In currency that will keep over
night. tremendous applause and cheers.
Safety OF Railroad Travelling. a
Some time non We referred to tho report