Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-07-08
WASHINGTON.
THE CRIME AGAINST THE PEOPLE.
A Promising Little Row in the Republican
Committee-ConkIing Makes "the
Greatest Effort of His Life"
in the Ridiculous Line.
The National Crime.

WASHINGTON, July 7.-General A. j.
Warner, of Ohio, has prepared an
elaborate table compiled from official
treasury statements. He shows that
the volume of currency in 1865, when
| the volume was at the maximum, was
! 1888, ,GSj, with population OF 25,-
! 100000, or over $50 per capita. In 1873
the total volume was $3.50, ,O62 1868, with
population of ~, 100000, or little less
than SIS per capita. In 1873 the vol
ume actually in circulation was $685.
597, ,275, with population estimated at
100000, or Sl4.50 per capita. In 1879,
an actual circulation ofS6S9, 424 ,643. Gen.
| Warner SAYS: "In addition to the
above there was coin in the Treasury
April 30 1879, according to the Secre-
tary's report to the Senate, Sl3S, 100000,
but plainly neither this coin nor other
! currency which has been purchased by
the sale of bonds and held under the
resumption act as a hoard, or gathered
in the Treasury as the result OF an eX-
cess of revenue over expenditures. ought
| 10 be counted as part of the circulation,
| for certainly il can have no effect what
ever upon prices. Taking the present
population of the United States at 49,
0O0, 900 the above volume 1868, 424, ,643)
gives Sl4 per capita. No account i'll
the statement for either of the above
periods has been taken of the gold and
| "a OH M
| latter in circulation on the Pacific
coast. The coin in circulation on the Pa
cific slope has been variously estimated
at from Sl5,O00,0O0 to $4,000, 900; but
whatever it may be, it has not changed
enough to change the comparison OF the
different periods given" Accompany
inc these statements is a compilation
showing the circulation in England,
France and Germany. England in 1873
had an actual circulation of S9l7, ,4s5 900,
with population of $4,000, 900, giving
nearly S27 per capita; France has a pop
ulation of 37,0O0,000, and an actual cir
culation of Sl,G42, 100000, or Si4 per
capita; Germany an actual circulation oi
$3.50, ,662 900, with n population OF 43,-
600 900, which gives S23 per capita. Cen
eral Warner saws: "While these differ
ences i'm the money volume of differ
ent countries exist, it nevertheless
is strictly true that prices depend on
the relation of the money volume to
commodities and transactions; and ii Is
a matter of the most vital Importance to
understand that the volume OF money
| i'm anv country can never be materially
contracted without breaking down
prices, checking enterprise, sitting pro-
duction, and producing iileness, bank
ruptcv and the long train OF miserles
| that follow. There is no other cause OF
the present prolonged stagnation OF
| trade and business in this country but
the reduction of the volume OF money.
I First the reduction of the paper volume,
| then the reduction OF metallic money
! from gold and silver to gold alone. This
change was nothing less than a high
| crime against the whole people
Hubbell's Fatal Blunder
While the Republicans affect to laugh
down rs a good joke the mistake made
| bv Chairman Hubbell in soliciting
| Oscar Turner's aid to keep on its feet the
alleged Greenback organ called the
National Ti1r, when they meet in secret
conclave the subject is treated in its
more serious aspect Even now breach
is threatened. \ day or two ago, 'un-
known TO Chairman llubbell, the other
members of the Committee drew a draft
of a circular to be printed for circula-
ton among the Ohio and Maine Green
hackers. This circular went on to say
that Mr.. Hubbell, in soliciting aid for
the newspaper, did it upon his own re-
spOnsibility and Ofhis own vOltiOn, and
that the Committee had nothing 10 do
with it, nor had it given Chairman
Iubbell authority TO solicit on its be-
half. When Mr.. IIubbel was advised Of
this intention he called meeting OF the
Executive Committee, and declared that
il the circular was published he would
print card for the public eye repudi-
ating the contents OF the circular rs un-
true. 1t is stated that he waXed warm
with his colleagues, and told them that
the subject OF soliciting aid for the pa
per was discussed more than once at
the meetings of the Committee, and that
il had been decided TO aid the newspa-
per and keep it atlOat until after the
Main and Ohio campaigns; that he adj
mitted that he had made fatal blunder
| i'm his zeal To help the organ, but that
he didn't propose to be made a scapc-
coat as to the circular contemplated.
| The upshot of the matter was that the
| circular was not issued. An attempt
| will be made TO remove Hubbell, rs
being too indiscreet for the position he
| holds. This may succeed, but the
change will not be immediate.
The Latest Political Gossip
here is that Conkling, fearing that Grant
| will not make scramble for the RepuD-
| lican nomination with John Sherman
! handicapping him, is trying to get up
| sentiment in favor OF Senator Window,
Of Minnesota. 1t is thought that Win
dom can get the support OF the North
west. This gossip is the dropplngs
which have come out of a dinner party
! given bv COnking at WOrmley's a day
or two before the session Of Congress
! closed. Some ten or more prominent
! Republicans were present The story
! goes that Conkling asked each one OF
his guests to name some man
who, in case General Grant de-
clined to be again considered a Presi-
Dental candidate, could get the full
| Republican vote, and not invite the en-
mitv of other candidates. All answers
! ed that they could not. "Well, | can,"
added Mr. Comkling, "and his name is
William Window, OF Minnesota. The
political savants here laugh at the at
tempt Of Conkling TO bring to the fore
an almost obscure statesman. The OBJ
iect of the move is thought to be flank
movement on Blaine, whose principal
strength is in the Northwest, to break
him up, something after the fashion OF
Don Cameron, who, with his man Hart
ranft, kept the Pennsylvania delegation
away from Blaine at the Cincinnati Con-
vention. 1t may be added that Window
has the Presidential itch, and possibly
Conklng has iuoculated him. COnkling
himself has given up all hopes OF the
nomination, but wants to destroy other
rivals for the place, if Grant is not to be
! the nominee.