The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-07-15
petroleum v. Nasty, TroO FInanseer.r

''PeIroieum v. Nasby, Troo FinanAeer.n
This is the way that the distinguished
head and front Of the Cross Roads Democ-
racy signed himself in his last letter. Al
though his nominal residence is in Ken
lucky yet it might Just as well be at sew
eral other places, Cabell county, Westya.,
for instance. He is as much representa-
i've OF the Greenbackers Of Cabell as Of
the Kentucky locality from which he
writes. His Gross Roads constituency
never put forth anything more absurd or
impracticable than their brethren Of
Cabell. In fact, it looks as il the latter
had applied to Nasby for platform, and
as II he had sent them the financial reso-
Iutions adopted by the Corners" The
Cabell county Greenbackers have resolved
in favor OF
"The immediate calling in Of all United
States bonds ald the payment Of them,
principal and interest," in legal tender
lawful greenback paper money Of the Uni
ted States, and that every dollar OF such
issue Of legal tender lawful money be pro
tected by the Government at par with
other lawful money in gold or silver coin,
never To be converted in bonds Of any
rate or class"
According to the last public debt state
ment July 1st) there are outstanding
$l,9Ol, ,7l6,llOo of US. coin bonds. II to
these We add the various classes OF govern
nent paper, including fractional corrency,
amounting to sS62, ,9S2 sol, we would have
a paper circulation, alter carrying out the
views Of the Cabell county Greenbackers,
Of $2,264,64S,70l. And this knee-deep
circulation is to be kept at par with specie,
aud under no circumstances is any part Of
it to be funded. ssr,-
OF course We could keep it at par with
spicie. All that would be necessary would
be to follow the example of the "Cor-
ners" and resolve that such shall be the
case. Perhaps it might be well to adda
penal clause, such as the old monarchs
used to do when they debased the coin
and prescribed death penalty against
those who refused to take it at its former
value. 1t is true that history has never
recorded a SINCE instance in which such
disbursement proved success. The true
value Of the debased money always as
serted itself, like water seeking It's level
andcommodities invariably adjusted them,
selves to that true value including the hire
Of labor. But what OF this TACT! This is an
age Of great discoveries, and why may we
not at last find that philosophers stone"
so sedulously and vainly sought after for
thousand years, the art Of making money
out Of base material. The old alchemists
never quite gave up the idea. They still
dreamed Of mixture that would produce
gold out Of some kind Of stone. The illus.
uiOuS John Randolph once exclaimed in
Congress: "Mr. Speaker, I have found the
Philosophers Stone" OF course all eyes
were turned to him when he made this
exclamation, for the audience before him
knew that throughout the ages the Wild
eyed men Of science had grown gray and
crazy in quest Of secret that nature would
not reveal. Imagine the disappointment
OF those before him when he said, speak.
ing upon the finances, "Mr. Speaker, the
true source of our prosperity is for every
man to pay as he goes, This, sir, is the
Philosophers Stone"
OF course Randolph is nowhere along
side of these Cabell County "troo fnan-l
seea" They discount all such ideas as
work and economy as the true sources Of
national and individual wealth. "vote
yourself farm" is their idea. Make
the printing wheels go round and make
money as plentiful as the leaves Of the for.
ests after an autumn gale. Thisis the literal
demand OF the Cabell County financiers.
And this is the party that want such a
0ramble as Ewing to rule over them in
Ohio, and that aspire to the supremacy in
this State. iHl