The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-12-05

no idea ti'i4 part ol his message woulI
cause 50 much uommotion among the Re
publicans. In referring in the message t.
! this matter he only meant TO express hi
opinion as to the ultimate disposition o
this part Of the currency. He did not in
tend, nor did he expect that Congress
would suppose he desired immediate
action on the subject.
Mr.. Fort gave the President his opinion
that the present retirement Of the green
backs would endanger Republican success
In 1850. Those Republicans who agree
! with MIR. Fort on this subject are so nu.
merous thatthey expect to have no trouble
In passing, on Monday, resolution de-
claring 1t 10 be the sense OF the House that
no change should be made at present in
the laws pertaining to coin OF the paper
currency.
The following, which Is given promi.
nence In the Republican, is known 10 rep
resent the position OF several leading
Western Congressman upon what they
regard as the financial recommendations
OF the message and Secretary Sherman's
report, under the title "Let We'll Enough
Alone" The RepubliemI says this Is a
maxim which, when reduced TO practice
in private affairs is regarded as sound and
benetcent, and we see no good reason
why It is not equally applicable in affairs
otState. Both the President and the Sec
retary OF the Treasury urgently recon.
mend in their recent State papers that
some OF the existing laws relating to ma
tlonal finances shall be repealed or modi-
tied in such manner as to materially rc-
strict our money volume.
1t Is recommended that the legal tender
law be repealed, under which suggestion
the volume Of our currency is liable TO be
diminished nearly 100000 900; and fur
ther, that the Secretary OF the Treasury
be clothed with discretionary powers 10
suspend the coinage OF silver at his pleas
ure. This, as We understand the question,
is what Is recommended both by the Pres
ident and the Chancellor OF the Exche-
quer. Now, without any desire or pur-
pose to antagonize the positions taken by
these distinguished statesmen beyond
what public welfare demands, our sense
OF duty leads us TO reiterate the admoni-
ton OF "Let well enough alone"
Under the coinage Of silver the nation |
was enabled to resume and maintain spe-
Gle redemption. Gold lost its supreme |
power in the money mart, and our silver |
coinage and resumption became a fixed |
fact. Under resumption this country now
has a currency that is the very best extaut. |
We have a coin bearing paper money at
pleasure, which is at par in every State Of /
the Union. The volume of this currency
is not in excess of the needs OF this busi- |
ness, and hence can not be diminished |
with safety to the public interest. Under
our present monetary conditions general |
enterprise is encouraged by a widespread, |
ing prosperity throughout all business per-
suits OF the people, and TO attempt tink-
ering process IN regard to it In any degree
is, in our opinion, fraught with danger,
and we sincerely hope that Congress will |
keep their hands of and decide to ''let /
well enough alone"
MIR. Price, OF Iowa, on the resolution re-
citing the prosperity Of the county, and
the impolicy OF legislating upon the 6nan-
cial question, and q conversation with the
Secretary Of the Treasury this morning.
He reports the latter to have said he did |
not very earnestly desire to see anylegisla-
ton OF that sort entered upon, particular
lY II there was danger Of arousing popular |
agitation.
Mr.. Price thinks there will not be any
disposition whatever to tinker with the |
currency. Heis ofthe opinion that every
body, at least the Republican party, is sat |
istied to let matters alone.
Mr.. Buckner, the Chairman Of the Bank
ing and Currency Committee OF the
House, said to-day that the first work of |
that committee would probably be to ask |
the action Of the House on bill TO require |
national banks to keep a portion OF their
reserves, at least one-half, incoin.