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


TOO MUCH MONEY AS AN ISSUE
THE Ll,sllig,7,csr OF yesterday joins the
Republican cry of warning against what
10 il. appears a tendency OF the country
10 accumulate too much money.
The argument is, that great volume
Of currency will have the effect CD to
advance prices, and 81 that we VIII
thereby lose our position as an export
ing country.
We admit that both OF these results
will follow, and have already been man
ifrstcd 10 degree, as the volume OF cur
rcncv has been expanded by large IN
fink of coin from European countries.
lint what of t2 Are these srL', to be
avoided. or natural and corrective con-
Jitjons of trade. 10 be welcomed?
Who will complain Of it a. an er7, II
the prices Of his commodities have at
vancc,i. so long rs tie demand Tor them
Is active and purchasers have plenty oil
good money with which TO pay? What
more complete illustration OF high pros
perity than such a condition?
The advancing prices OF commodities
are rot nor an indication that our cur
renrv is too much inflated, Is bad, or
even suspicious ltdemoustrates, simply
and SOLELY. that we nave sent abroad as
,rrcr as We can spare; that we have an
abun lance of money and are indcpen-
dent. that We are no longer seeking a
foreign market for our produce, and will
only sell at high profit; that, indeed
We are content, for the present, "to lose
our position as an exporting country,
because We aresatisticd with the season =
income.
The natural corrective agency, which
the laws Of trade furnishes, is at work.
II is furnishing remedy against too
Great am advance I'm prices. The increase
i'm tine volume OF good money has little
todo with IL compared with that which
would follow IL wcdij NOT IoSe-what
the L.Ya,pr,r so much fcars-"our Po-
sition as an exporting country.
The MASSES Of our people; the lahorer
for his daily bread; the poor man IN
every department Of business, will pray
that We may temporarily iuScour export
traLc baiorc tine supplies have been re-
duccd below the home demand.
In the meantime our people viii find
something else to do-some other use
for the money that has been flowing IN
To their cotTcrs-bcside buying and SELL
i'm. with foreign countries.
Our farncrsuu merchants and manu-
factureas will now look about for profit
able employment for their surplus
means. New farms will Dee opened, new
railroads, ami ship lines, and telegraph
communications will bc made. The
country will enter upon new era OF
enterprise and development. Idle labor
will find employment, anil every avenue
Of trade aud enterprise will be- infused
with new life and activity. And when
another seasons crops have been gar
ncrcd. wcwil again assume the position
of au exporting country.
OfalI the ilimsy arguments upon IL
nance anil an the political bushcars the
Republican party have advanced, this
one. OF too much good money, seems
the ilimsirst. Nevertheless, they have
chosen 20 make il an issue. They have
pronounced I'm favor of a reduction OF
tine volume of our currency. They have
boldly avowed the policy OF again bring
ins the country down 90 "hard pan.
They seem To- be- dissatisfied with the
manifestations of prosperity that are
sprincing up, where their policy OF
forced contraction had left only disaster
anil deS1lation a short time ago. The
monici interests will mo- doubt, come to
their uid, i'm attempting this programme.
But the question Of where the masses OF
the people viii be found ON such an
issue, need not bee told.