The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-02-03
coal shaft at Lagrange, and his loss there
will be deeply felt. G. B. q.
:HEREFORD's FINANCE.
A Misstatement of Our Junior senator
Corrected.

A Aiisstatement of Our Junior Senator
Corrected.
WESTON, W. Va, February |. !
Editors 1ntslligsneer.
In an interview OF Washington cor.
respondent under the date OF the Goth
ultimo. with Senator Hereford, he is re-
ported as having said: "If the Bayard
resolution becomes a law it would drive
out Of circulation S3i8,0OO,O00 legal
tenders, which would make our circula-
ton fall below $500, 900 900.
II fSenator Hereford is correctly. report
ed, heis either ignorant OF Bayard's reso-
luton, or is endeavoring to play off on
the supposed ignorance OF the people, he
represents.
Bayard's resolution don't retire or re-
duce one dollar Of the S3i6, 100000 legal
tenders or greenbacks. 1t simply depriyes
them Of their legal tender power, and
there stops. The same volume OF green
backs would remain and circulate as now,
and be reissued under existing law as
now. They would be redeemed at the
Treasury OF the United States in gold and
silver and reissued as now. National
bank notes would be redeemed in gold
and silver, the money OF our constitution,
instead OF with greehbacks, asnow. This
simply and nothing more, is the Bayard
resolution.
1t reads "Resolred, That from and af-
ter the passage OF this sresslution, all Uni
ted States notes shall be received for all
dues 10 the United States, excepting du-
ties and imports, and shall not be other
wise legal tender; and any OF said notes
hereafter re.issued shall bear this super
scription." The resolution speaks for it.
self. II only has one meaning. 1t
is plain and simple, and every one who
can read can understand its meaning. The
effect would be TO make resumption by its
passage actual-national bank notes Us
well as greenbacks, by payment in gold
and silver at their places OF issue; and as
a result, the millions Of gold and silver
now boarded in the United States Treasu.
ry and National Banks would find
their way into the pockets OF the
people, and by the process instead
Of reducing the volume OF money, or its
by the gold and silver which the green
backs would take from the United States
Treasury, and again by their reissue and
ClICulhLlOu Win ROlu anu hllNer uuu nll-
lions TO the circulation Of money and
greenbacks among the people. What the
honest masses want is actual money, nota
promise to pay 1t, and never do 1t. Let
gold and silver go into the pockets Of the
people, and If reverses in our trade and
commerce with foreign governments, or
revolution and war shall come upon u.s.
our people would have the precious met
ais, actual money, not worthless paper
money, for their honest earnings in their
pockets, which would pass current with all
the nations OF the globe.
Free schools, freedom of opinion and
free press have done much in this State
in the last decade to enlighten the masses
and revolutionize the representative trust.
! have no disposition TO criticise the con-
duct OF q public agent, but when see ex.
pressions calculated 10 mislead the people
upon subject Of such moment, such as
have herein noticed, coming from one oc-
cupying 30 high a place, shall not hesi-
tate TO enter my protest.
Sir, l have read political science in vain,
II money without intrinsic value is money,
and politicians without patriotism are
statesmen. UNus PoPuL.