Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-03-25
NATIONAL FINANCES.
,,r,VvEw WITH COL. BEN WILSON,
49,. v..sor The financial SituatiOH-ln
~ .',o~ ofFgrther LegisIatiOn-NO ln-
,,.,ss Of Bonded Indebtedness
bg, Increase OfCureney'
WAsurxsroN, March p, 70.

W.sUINGrON, March =, ~.
s.,s. r.. !. ,,rroujng is report OF an inter
' t.,.,,n myself and Col. Ben.
Nm. your representative IN Con-
,r,,,. to-day;
'n,..,fon-Col Wilson, see in an ar
-. v..,,rlay's issue OF the IHt,iii-
,r,. erlusiun 20 you and your col
-. Now. however, that the two
y,S. ,rI Kyuua have turned up for
,franrv At Washington, and gone
[s.r rlcir campaign speeches, etc.
r.,tgr, any truth in this charge, 50 Tar
s.y.u ar. cuutrucd'
,r.u,r-Not one word Of truth. The
.,.rrrr O., utterly without foundation,
.nI,.m keeping with that papers mis-
-s.r,.,.on, of me. My speeches
l..,.. in Congress, and my speeches
,,.. stump. have given my views to
-rprb.c correctly
ID What Jo YOU think oi the present
.-,r,.al situation, and is any further
..s.auon ON the subject Of finance
r..,,.lry. IN your opinion
A-Your question is divisible, and
,.,n answer first that part which re-
....,a further legislation. To my mind
.., very apparent that the country
~. r., return % prosperity until
.-.1 further legislation shall he had.
r... srrrs,. oi bonded indebtedness
,rr,, b. stopped. The power 10 issue
-,rnry must De- taken from the banks,
,t..rrrwrrv must bee issued by the gov
eminent, AMI It's volume largely IN
.-.,,J MISUNDERSTANDING bullion
..,,r1ratrs should be issued by author
.v Of law. they would circulate as cur
...r.. wherever our tlag floats. heard
,..lfriu.u,h,j stephens, of Georgia,
AN the other day in grcatSPeech made
...-. our caucus that such bul-
lion certificates, issued upon metals
IN Oh, treasury, would in less
r.r twelve months Increase the
r,.,s Of our circulation 500, 100000,
ami r,rhar, s7OoOOO,OOO Congress
should. OF course, provide for the pay
men, ui our pension indebtedness by
,t, f,,ur of currency. Money for this
rarpu,. should never be- raised by the
>.roi bonds. The pernicious effects
u. ,r..u, th,s. bonds are To withdraw
t.,mu.h money from circulation, and
exempt ,uu much of the wealth OF the
country from taxation. We are drifting
farther an farther away from the Anne
ucau idea that taxation should be equal
auiunsorm. The expenses ot the Gov
yrum.ut ar now very heavy, and just
in proportion as any part Of
rar uatH OF the country is
exempt rom taxation the burden upon
the wealth lot exempt i increased. In
my opinion the Jay is not far distant
when tar Iuu.s of this government
a.. BE- subject 10 taxation just like any
other property, AMI LEGISLATION looking
% tbs emf may De- iuauguratcd in the
present Congress. There is neither
tu.'y Nor fairness iu system that
ayr, one man cali Of the value of -
AMI rNrmp,s hiS nrighbor'S bonds Of the
N.urvt slUnuuO.
From what ] have said You will per
'".'" that m my opinion the present
taau.a. situation of the country, about
aarh ynu ask mr, is hy nomeans what
t'.uu.j h" There is q manifest in
S1.Irnury ui money in circulation, a
genera, paralysis ui business and a CON
>e4lrnt Nhrukagr of values, that are
'ariU,.y oppressive upon the people.
Q-Bpt, Colonel, do YOU not think We
are now beginning % realize the good |
s.',c's oi tho Resumption Act2
Mo, sr The Resumption Art il
'hr greatest legislative bluudyr ui the
age IthJs done more To distress the |
American people than any act ever
PASSED hy Congress. Ii on the day that
"'Tas passed Congress hIl made the
'arr'ury nt the government receivable
"r duties "u imports, IL would have
elevated the urcyuh1rk dollar to a higher
pan" ani giycu il the purchasing power
'' 'hr ru,n dollar, aud instead Of the
a'' YEAR, "t depression, contraction,
s"HnAa-' ot values. bankruptcy and
Starvation that our people have passed
'''opsd We should have had five years
o., Prosperity. C. w.