The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-08-01
NEW CUMBERLAND.

The Financial Question-siay,
the Rspublicans-As an Ole
! Line WING, Teaches the Demoe
= racy-Coufis the Greenbaekers
ou National labor Party aDt
Throws Out a Bait for the Com
mune. ~ i,.i Ir+'
h., NV CUMBERLAND, w. VA, July 81.
Correspondence Of the EntsllIssreerIIiH ni.i 90
Last night about seventy.tiye Of oul
citiEens assembled in our Town Hal, 4
hear Mr.. johnson upon the ifnanciA
question, two.thirds Of whom were Re.
pubIieans, and were entertained in I
speech Of, an hour and half with re.
hash Of the old, old story, so often tolr
by UucIe Ben. Wilson and other Demo
cratic orators. otcourse cannot repor
him IL, full, and shall only try 70 Civ,
his salient points b.. 1sp- ,3irgi
He fret drew 4 telling picture Of tht
stagnation Of buEiness in the country
the want Of labor, and the actual dis,Ies
Of many 81 The nnsmployed;l laying al Ii,
blame Of these hard times at the door o
the Republican party, and their erimina
legislation upon the financial question
and yentuted to prophecy in the light o
tbe whsperings that come to up daily b.
telegraph and the press, that the day va
not far distant when these down ttodder
millions would arise and assert theil
God given rights, as against the bone
holder and the money lender, who wer,
and always had been but vampires upor
the honest labor Of the country, No
one Of these bondholders ever had taker
a bond from patriotic motives. That wal
all bosh, their motives were purely sell
fish, and the Government had been rnr
all along for their benefit, and all legisla
zion had been shaped by them, and FOL
them, be II .riilu h4..I sos
l. Pendleton was eulogiEed for his green
back theory, with which the gentleman
says be was accord in 1868, but unfortu'
nately the country was not educated "
TO the standard ofthat great leader, anC
the Eastern Democracy supplanted hin
by nominating Horafio Seymour "a The
hard money candidate for the Presidency
and Pendleton retired into privacy. JUS
here Johnson forgot to remind the au;
Hence that he and every other Democra
in West Virginia hnrrahed for and voted
FOR that same Horatio. Consistency is 1
jewel. aa =sgtI bal .r--a- i,m
500, 10000 OF DonLARs ADDED TO TIN
ns lao PUBLIC DEBT. la'p 4!l5 .
Here the speaker waxed warm ant
pitched into The Republican Congress
that passed the HAct 10 strengthen lh'
public credit, 3 and gave US q recitation
from. speech delivered here two yeari
since By Uncle Ben. Wilson, the substauc,
Of which was that instead Of strengthen
ing the public credit, by agreeing 10 pay
our bonds in gold instead Of greenbacks
Congress had added Eve hundred mil
lions to our public debt. o my says ar
old Democratsto my right; and q dozen
mods from as many heads OF the faithful
10 tie audience, showed their Interest II
the statement and their endorsement o.
lie trutbiulness. l.p n7i9..s9,.i.l
Well, Mr.. editor, can you explain THU
knotiy question? Gold was at n pre-
MUM, and to promise to pay our debit
10 the acknowledged legal tender oil The
civilized world, did look as II We were I'D
ding to our liabilities. Oh, yes, says the
Democracy, It's plain, and Ben Wilson ant
Mr.. johnson says We lost 500 millions By
the legislation aud Il must be SO. There
Republican rascality in them somewhere
Now, Rho ever heard Of any new bond
being isIusd TO pay the 800 millionsf Nc
ons. No increase Of bonds was made, bul
Il did lust what sensible business mer
said Il would do, strengthened the public
credit so that capitalists were anxious ite
lend Us money and ever since the govern
ment has been calling in 6 per cent bond
and reissuing them at 8 per cent 4.
and now at 4 FER cent, at which
interest our own people are subscribing
for them at an average OF abonta half
million OF dollars every day. Yes 1t pay
10 be honest. And II modern Democracy
does not uproot the credit Of the country
within three years, We shall change al
ouniudsbtedness from bonds bearing sil
per cent to those bearing only four per
cent and these bonds will be held by oui
own people, so that when the interest IL
paid seniannually hereafter, the money
Instead Of going abroad, will be di'tti
buted to holders Of the, bonds at home
and pas. At once into general circulation
10 lower rates Of interest, and sWell thu
currency for doing business.
The Hon. gentleman took US back "a
Venice 500 years since and informed vi
that they tried successfully the very plar
which The Rreenbackers are trying 10 In
auRurate to-day. Newsl, but rather
mythical history for common sense
Americans. Rather too classic Daniel.
But the gentleman came TO the bone o
his theory at last and launched out 10
changing our bonds into greenbaeks.
Just here he stumbled considerably
mumbl,d rs much IS the school boy whei
he CONES TO an uppronouncable word \
bis Lesson. He wanted, as many bond
chapged into greenbacka as would NEE
the business requirements oil the country
we'll, yes, at last he believed II woull
be better TO put them all Into greenbacks
two thousand million Of, money ,Woul'
not hurt us. He never heard oil q MAJ
that va, burt by having too many. Wei
Ihaye DAnils, and 4 ,peyer say alloy tha
bad = his pocket, full sof money, an