The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-07-25
I've sides Of The question.


Circumstances have combined to put
Gen. Tom Ewing in the front Of the inha-
ton movement, and his address delivered
at Lancaster, Ohio, last night, Of which
we publish full synopsis elsewhere, will
be read with interest by members Of both
political parties. His views stand out In
prominent contrast in connection with
those expressed by Secretary Sherman at
Portland on Wednesday evening, and the
arguments Of both may be taken as oppo-
site creeds Of the two political parties Of
which they are distinguished represents
tives.
Gen. Ewing begins his address with an
arraignment Of Republican economy. He
says the control Of one branch of Congress
by the Democracy has saved the country
$s4,72O,OOO. Secretary Sherman says the
annual appropriations for the fiscal years
ending June 80, 1878, 1879 aud 1880, ex.
elusive Of appropriations for public debt
and other permanent appropriations, were
as follows:
l6Is.".'' " "
llBolJg! y
lOISVs''S4 W
These figures show the tendencies Of
Democratic economy, and in their light,
the saving effected in attempts to cripple
the public service, make a rather sorry
comparison. As to the increase in public
expenditures over those which prevailed
before the war, Gen. Ewing, while in the
military service Of the government, had
some excellent opportunities Of noting
how this increase was oCcasioned.
Concerning his criticism Of the refund
ing operations OF the Treasury Depart
ment, the objections urged were SO fully
met in the speech Of the Secretary, pub
lished in these columns yesterday, that it
is hardly worth while to travel over that
territory a second time. The double in
terest Of which he speaks, aud the appar-
ent increase Of the principal Of the public
debt in the course OF retunding, were SO
fully shown to be the necessary result Of
following the law as Ibid down by Dem
oCratic Congress, and SO clearly different
from the state Of facts, which in reality
prevails, and which will be shown in the
next statement OF the department, that
the criticism discredits General Ewing's
reputation for fairness, unless he can plead
ignorance Of the real situation. AS to the
willingness Of people to invest in the four
per cent bonds; It Is IN indication not
only of their faith entertained in the Secre-
tary'sprosramme, but also Of their willing
ness to accept tho new condition Of affairs,
which men like Gen. Ewing, accustomed
to the speculative investments Of the flush
period following the war, find it hard to
accept, but to which in the ordinary
course OF things they are bound to come.
This unwillingness to take up the former
methods and to accept the old returns OF
patient industry, lies at the bottom Of the
FESTIVE feeling which the initiation wing
ofthe Democracy maniiests. They would
like TO see pork, corn, wheat, beef, horses,
labor, all so back to war prices, trusting
to their own shrewdness and ingenuity to
get on the right side OF the line in the
process Of initiation, before the crash could
come again and second time land the,
country in the slough of despond from
which it is beginning to emerge.
Gen. Ewing urges that gold does not flow
out in circulation Notwithstanding paper
money has reached par and become ex-
changeable dollar for dollar, but he for
gets to note that'the purchasing power of
the currency has been more than doubled
by bringing it to the same level with coin.
Hespeaks bitterly Of the failure Of the Re-
publican party to provide unlimited coin
age OF silver, but out Of the $S5, so, 900
coined since 1873, Mr.. Sherman says the
Treasury Department, using every proper
effort, has only been able to issue $751;
359,942, of which S6,5lS,9l2 have since
been returned. As TO the continuance OF
the national banks and their issues, Gen.
Ewing claims that the only true and prop
er method Of finance is the issue
by the Government direct of as
much paper money, as Congress, ever
changing in its political complexion, and
swayed by every prejudice and passion
that finds home in such an organization,
may see fit to order printed. Mr.. Sher-
man urges that these banks, organized un.
der general law and open to all alike, give
an opportunity for proper ebb and flow
Of safe currency, the increase or dimin-
ution OF the volume depending not upon
the caprice Of corporations, but upon the
demand for currency,
We have given the opposing views Of
the two would.be leaders OF public opin-
ion upon the questions which are attracting
most attention in the political Canvasses
now going on in two important States Of
the Union. The Republicans in both
could hardly do better than to print them
as spoken, side by side, and give them the
benefit Of an extended comparison.
Dorothy. Letter.
Leaving the busy town we drove out