Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-12-03

dent has evolved this recommendation
from his own inner consciousness WITH
ont extraneous help. or whether the re
commendatiOn is the first OF outside
nressure; but, whatever the origin oil !
lie suggestion, il is blunder 80 palpa-
bile. so entirely unnecessary and lii-au-
yised TINT it seems amazing ulat he
should commit 1t. ...
Whatever the personal objections en-
tertained by Mr. Hayes to the green
hack currency, the present Is most
inopDortune moment Tor airing them;
We are on the eve Of a Presldehtla,
contest, where the questions OF natiohal
supremacy and personal liberty seem
likely to be permanently decided Inc
Republican party, which mas "S'
grounds for a number of years, appears
once more united and strong, ana WIN
the one great issue before 1t would
sweep the country next year. To dls-
tract II now. 10 introduce disturbing
Questions in the ranks at this time, Is not
only unwise but utterly inexcusabie. Inc
President does not feel the pulse oil the
country correctly il he suppOSeS that an
attempt such rs he suggests VIII ho'
awaken storm OF protest. Inc ProPo-
sitiOn nj this time to retire the green,
back currency will not be countenaneeu
or tolerated. Congress will oppose II as
the people oppose it, and that without
regard To individual ideas rs to the strict
legality of the legal tender act, but on the
broad and general ground that this Is not
the time 10 agitate the matter. Indeed,
the suggestion seems to be thrown In
without expectation that it will be
acted ON. Tor no plan Is outlined Tor
carving out the recommendation, and
mo- time limited at when the movement
shall begin. Why, then, breach the
matter at all? Time and time again the
President has expressed the opinion
| that the finances should be let alone.
,'The country is tired of this agitation,
said he. ''let il have little peace ON the
money question" Yet he is the first to
/ throw the brand into the bush and kim
die anew the flames.
The mistake is unfortunate, and much
wisdom will be required on the part oil
Republicans 10 prevent II becoming
/ grave and troublesome one.
Then the Chicago Tribune, one OF the
most stalwart of Republican journals,
chimes in and hits HAYES most telling
slap for his stubborn iOolishness on the
silver question, in which is mingled
much sound argument and good sense;
The President claims that if the coin
aye OF silver dollars goes on the gold
will leave the country. The President
said that i'm 1877, and Secretary Sher-
man and all the banks and mOney-lend-
ers said the same thing They said even
that ii silver was TemOnetlZed not dol
lar of gold would ever come into the
United States; that the Government
would not DE able to sell bond; and
| that generally the country would go to
! the awful bowwOws, and resumption OF
| specie payments would never be posi-
| bic. Where are all these predictions
now The Government has since then
issued 500. 100000 of 1 per cent. bonds,
the principal and interest Of which are
both payable in silver, ut the option oil
the Government.
The absurdity OF the statement that
cold will rush ont il silver coinage goes
on ought b. be plain even 10 the Treas
ury Department. Why does the gold
flow into this country, and why does 1t
flow OUT Ii has poured i'm, and Is now
pouring i'm, TO pay the balance due us
ON our export and import trade. The
receipts Of gold from without increase
or fan i'm proportion tn the rise and iall
of this balance of trade. So long as the
balance is i'm our favor the gold
will come hither of necessity. IL
can't be stopped, even ii we coined Il
million Of silver dollars day. The
moment the balance OF trade changes
and is against Us, then the gold Will 90
out to pay that balance. Ii cannot be
stopped by demOnetiZing silver. IL viii
90 out for the same reason and I'M ODE
dieure 20 the same law which now
brinys il here. This. balance OF trade
may change at any time; large crops in
Eurupr next wear might be sufficient
/ to effect such change, and when 1t takes
plarr the gold will 90. Its coming in
and its going out, therefore, cannot be
effected one way or the other 10y the
coinage OF silver.
Until this change takes place gold must
of necessity come hithcr, but, when the
change takes place and the gold begins
flow ont, what will be- the condition ut
the country If there be- no silver To take
its place? The President wants silver
coinage suspended; but when this gold
goes away from ms and we have neither
gold nor silver, and S5i6,OOO,OOO oil
paper dollars rCdccmahlc I'm coin on de-
mand, where is the coin to be procured?
The coinage of silver now, and
i'm the largest possible quantities,
is but a wise precaution against posi-
BILE suspension of specie payments here
after Owing to the rise in the prices
of all descriptions of American manu-
features, our markets are again open To
an avalanche OF foreign goods, which
are taking the place Of the gold which
otherwise would have been sent hithcr.
A like decline i'm our exports Of agricul-
tural products may, even before the
close Of the present seal year, place the
balance Of trade against us, and require
~, s.,-y,yrf al trpl1