The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-09-12
5E WHEELING DAILY MORNING. SEPTEMBER 1873

THURSDAY MORNIl
equally and generally distributed among
al classes Of people us money. Why 81
you talk about the power OF money. TAKE
the currency OF the country, greenbacks
National Bank notes, and all that circulate
rs currency among the people. We speaE
Of the banks as controlling the money O.
the country; they are only the mcani
through which tho money and currency
is distributed to the people, and the
money is In your hands. You go down into
the mine or YOU 20 into the mill and you
do n days work, or weeks work, anC
YOU receive your pay, notin merchandise
not in houses, not in lands, but in money
And whilst you have not u foot Of land, nc
house that Is your own to cover your head
and shelter your family, yet you have IN
your pocket few dollars ofmoney, all
you have on the face Of the EARTH It Is
what you get for your labor, It'll what you
earn in the sweat Of your face, 1t Is what
you are paid in whether by the banker,
The farmer, the railroad man or the bond.
holder. Money is your power, 1t Is your
possession. The currency OF the country,
TO great extent Is In your pockets, And
II there is any class OF men OIL earth who
are more especially interested In having
money good, whole, round, witha full pur-
chasing power OF one hundred centsto the
dollar, II is the man who has but one dol
lar, or five dollars, or ten dollars, and who
has nothing else. You have no houses
to build. You have 10 land TO sacrifice,
YOU have no land to deprCciate upon your
hands, but you have little money with
which to feed your family, and to clothe
them, and you will want 1t good. You
don't want to pay discount upon the
price OF your tea, your coffee, your
bread or your meat. And tits the poll
cy and the purpose OF the Republican
party to nuke this dollar OF the war, this
dollar that was brought out Of the hot,
fiery struggle for the nations life, good,
honest, whole, round dollar. ~
HAD MONEY WANTED.
Ibelieye that it is fair charge to make
against the Democratic party aud against
the leaders OF the Greenback party, that II
Is not more good money that they want,
but II is bad money, cheap money, ire
llIDlltNs lICIt lllllly lGu-
sons why believe that any distress that
may exist in the country at the present
time or in the past, is not occasioned by
any want OF money. l refer you to one
fact. Since the passage OF the net author
Hing four per cent aud fOur-and.a-half per
cent bonds OF the United States, there
have been taken by the people two hun
dred and fifty millions OF four.and.a.half
per cent, and one hundred and forty-one
million OF four per cent bonds.
The rate Of interest has declined in the
county OF Belmont from onc.and.a-half to
two per cent. There was money enough
lust year to move the vast grain crop from
the west to the east, and at good figures;
and there is money enough to move 1t this
wear ut fair prices. But now | come to the
figures. | believe that can show from a
statement made by the Secretary OF the
Treasury in 1865, and the last statement
OF Secretary Sherman, that there is
more currency now in circulation and
ready to be put in circulation by the policy
OF the Republican party, by two hundred
millions OF dollars, than there was in 1865.
| shall begin with the last statement Of
the Secretary OF the Treasury.
The outstanding legal tender notes
amount to $I4G,GSl ,0lG; National bank
notes to SI24, 514, 2S4; the remaining out
standing fractional currency to SIG 632 800;
coin in the Treasury S23S, 490, 609.57; (this
includes, as | understand it, subsidiary
coin); coin in the hands OF the banks
about Sl6,000,000; coin in the hands Of the
people about Sll0,000,00Q, These figures,
except the last, are taken from official
statements, and the amount OF coin in the
hands OF the people is thecstimate Of. Sena-
tor Morrill,, made more than one year
ago. These figures aggregate 1867
26S ,690.57. As will be seen more. than
one thousand millions OF dollars, and this
money the policy OF the Republican party,
by the first Of january next, il not earlier,
will he available rs currency with which
to do the business Of the country; more
currency upon its face, than we have ever
had at any previous period in the history
OF the country. In 1865, taking into ac-
count Sl93, 1861 S0 OF compound interest
notes, and $40 ,I3S,7l0 OF the one and two
year notes OF 1868, the total amount of the
currency aggregated SOS3,3lS, GS5 40, near
IL Sj0, 0OO,0 600 less than the amount now
and ready to be put in circula-
ton. This was the very largest figure that
it ever aggregated upon its face at any one
time, and 24O millions Of this was really
not currency. But the value OF this cur
rency, including these compound interest
notes, averaged but 20 4-l0 cents to the
dollar, and the entire SalSS,3lS, 6S5 20 had
an actual value, us compared with coin, OF
but SG02, 256,}54 a, while the currency
that we now have was worth on the first
day OF the present month 90l cents on the
dollar, and this morning !l9l; the aggTc-
gate depreciation on our present currency
OF more than thousand millions, being
but little over five millions OF dollars.
And by a little perseverance, little longer
holding on in the right direction, and in
the language OF the Democratic party Of
the State Of New York, "taking no steps
backward" in n few months It will be
worth 100 cents to the dollar, aud We will
have, from actual figures made at the
Treasury Department, available MS cur
rency, over 1000 millions OF dollars, every
dollar worth 100 cents, being, estimating
our population Mt 10 millions, 81 70 per
capita. And shall We turn AWAY from this
fur prospect? Shall we go back over the
long weary years OF struggle and disap-
pointmCnt'in order to crafty the vision
airy schemes OF men who want to try "ab-
solute" or "iat" money?
Idon't believe that the leaders OF this
movement desire to sec the greenback
made equal to gold. | don't believe they
desire to see the money OF Lincoln, and
Chase, and Thaddens Stevens the money
OF the Republican party that was brought
forth in those dark days, in doubt, and
with fear and trembling launched upon
The country as an experiment, l don't
believe they want to sec it redeemed in
gold and silver. don't believe they de-
sire TO see the promise written upon the
iacc OF the greenback and deferred for
sixteen long years, made good. believe
they want 10 deal little longer in the Gu
lamities OF irredecmablc paper currency.
Mr.. Ewing, early in the extra session
last October, introduced bill repeating
the Resumption act. That bill was passed
By the House with a substitute offered by.
Mr. Fort II wont IN tho Senate nDU