Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-08-13

common veal, ~ the proDlem not YET
solved, when personal interests or party
prejudiCes, enter into the rcasonlngS
of Embryo Finances.
A contracted currency is the bane oil
every commercial or agricultural commu-
nity. Communities find it convenient to
give and receive credits. The punctuality
of one depends on the other. One person
fails to fulfill his contract through the
want of employment, or the failure oil
others to pay him, his failure effects
multiplicity of disappointments, and
thus arrests the avenues OF trade, causing
want OF employment TO the laborer and
mechanic, want of customers TO the
merchant, the want OF raw material to
the manufacturer.
Want and suffering at the hearthstone
of the poor, ships rot at their anchors.
The people surely cannot think that a
policy which locks up the wealth OF a
country in an unproductive bonded sys-
tenn, which begets state OF affairs so
immicable to the general prosperity OF
the whole is certainly advantageous. In
every country where there Is legltl-
mate circulation, prosperity is the rule,
for instance France, with a circulation OF
$50 per capita. Industry has generous
life and liberal reward, Il the merchant is
active, the manufactures seeks to become
more skillful, the farmer obtains lib
eral reward for his products, enterprise,
skill and labor, when properly rewarded,
labors harder TO obtain increased re-
Enumeration. Such is the effect OF legiti-
mate currency.
France at the close OF the late Franco
Prussian War, lost two OF the richest
provinces, Alsace and Lorraine, with a
population of four millions, an immense
war idemnity paid to Prussia. and yet to-
day she is the most prosperous country
in + lrope.
The Governor of the United States
urged successful war against her re-
voltedstates possessinga all Indictments OF
wealth internally; she created navy in
the midst of hostilities, blockaded 1000
miles of the Atlantic Coast, shut Oft the
insurgent states from the commercial
world, modified immense armies, in
augurated the finest commisariat the
world ever saw, paid her soldiers and
sailors liberal wages for their services,
broke the ribs of the COnfederacy like
an egg shell, pensioned off her MANNED
braves, and done all with the Legal
Tender, Greenback.
The Supreme Court decided the Le-
cal Tenders constitutional money, men
who deposited gold specially under that
decision had to take the greenback,
without a murmur, such was the ac-
ton of the Government up 10 theclose
of the war. Manufacturers and shOddy
contractors made their thousands OF
millions, they were gorged with money,
no place TO investit. Wall street sur
rounded Congress, subsidized every
thing in the name OF patriotism and
LOYALTY, and inaugurated an unproduc-
tive bonded system to rob the people
they swOre it was to save the country.
Thad Stevens, the great cOmmoner, told
them when they slipped through the
clause in the general appropriation bill
for the exemption of the bonds from all
federal state, county and municipal
taxes, that it was the greatest outrage
ever perpetrated in history. Their an
swer was, "Mr. Stevens, you are mis-
taken"
"The Governments ankrupt,we have
made millions out OF her misfOrtunes,
we are loyal men, we are political men,
we will give the Government 10 cents in
terest on the dollar for her securities
bearing 10000 per cent. simply to save
the government you know. Leeis totcring
on his last legs, the COniederacy is only
a Phantom but to save this Government
and all patriotic citizens must have
place TO invest our millions which we
made trying to save it.
Thus il can be seen that the incipient
steps taken TO undermine and shacklc
the people, and TO make them subser-
Went to themoney power ofthe country,
was taken during the military excite.
ment and passion attendant upOnarevo-
luton, but will mark manya sad and bril-
liant page in our country's history. In
the name OF loyalty and patriotism this
great wrong was done the people. In
the name of honesty towards the capt.
talist, in the name of justice towards the
wOrkingman, and greater and higher
than all, in the name of our common
country, this great wrong must De an
done. In jottings hereafter your cor
respondent will in plain way give the
workingmen'S views OF matters and
things.