The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-10-07

.,oh DAYS financial quackery nourisnee
lie a rank weed. 1t springs up at once
eve oysrtops all useful vegetation. chokes II,
nd asseshithe eyes Of the minimizing
for abalm Of Gilead.
But never yet was balm Of this KIND
tonnd efticacious. Men have triedit In
ali aces and always with the same result
of disappointment. The reason has ever
besn because panics, like disease, must
have a genuine remedy. They are deep
seated and must work out Of the blood
There can be no genuine life and health
mill ali that Is false and poisonous Ia
eradicated. " ,TI
We say this without any intent Of harsh'
nees. But let us he plain and honest in
the use Of terms. 1t. proposes two Inn
possibilities, viz: to ignore enconomy and
Industry ss the only two known remedies
for financial adversely. It has been the
economy and industry Of the people o.
this country that have brought then
through, and landed them safe and sound
on the solid ground Of prosperity where
thew stand to-day. Had we printed more
irredsemable money we should have sont
on from bad to worse, and been in q de
plorable condition to-day. 1t has beer
the raising Of immense crops-and TIT
raising Of them cheaply-and the trans
porting Of them cheaply-and the selling
Of them at good prices abroad, that hsy'
enabled US TO lay the present solid tounda
ton Tor an immense prosperity-such
prosperity, in all portability, IS thi
country hss never peep before. The up
probation Of our money up to the stand
ard OF the world has enabled us keel
the factories OF the land In partial, bu
gradually increasing, operation, and en-
abled us also, with the aid ola tariff, Z
hold our own markets against the chpape
made goods Of the Old World. And no
only to hold our own markets, but to shit
millions and tens Of millions Of American
made goods to other parts Of the world
With a depreciating instead OF an appre
ciatins currency this would have beer
impossible. Under the curse Of q declin
log currency, our factories would hav'
produced everything at the highest price
and our farmers would have raised every
thing at the highest price, and our rail
roads would have transported everything
at the highest price, and instead oil a bal
ance Of trade, such as We have seen, II
our favor, We would have been virtually
killed off as an exporting nation, save q
| to such necessaries as the threatened fam
inc abroad would have raised above thu
normal scale Of prices in this country.
The solution of our financial troubles
has occurred, and greepbackism Is nov
existing out OF time. The country has &C
cumulated immense wealth in the las
three years; the whole volume Of gold ant
silver has been added to the whole yolumt
Of currency; we have four hundred mil
lions more Of money than when the pant
broke out, and its purchasing power i
vastly greater; we have greatly reduced
the debt and especially the interest on 1t
money is superabundantin the land, labo
is plenty, times are good and getting bet
ter, and what possible use is there for
Greenback party?
II has been demonstrated as incoltro
yertibly as the multiplication table, that ar
honest iulfllment Of the expectations o
the Governments creditors has paid us biz
interest. Strict honesty has paid an i'm
mense per cent. Who now proposes, witt
respect to the debt that remains, to chang
this policy2 Do our Greenback friend
propose to reverse the policy thathas beer
pursued? II SO, what can they promise III
as an offset to the uncertainty, hesitation
and possible paralysis that will ensue'
Will they not, by the fright of capitalist
and the suspension of enterprise, do grea
injury to every workingman in this coun
try? How can they compensate the
laborers OF the land for this injury? How
many millions can they save as compared
with the many millions they will lose Il
all the business and laboring interests o
this countryH
The prospect now is that the limited
amount Of bonds maturing next year vii
be refunded at low rate Of interest, ant
that thus we will still further reduce the
annual charge for interest Look at thu
immense annual saving already effected
Gould any policy have saved more
Could any policy have more completely
welded public confidence and genera
prosperity firmly together?
Does not every consideration Of self in
terest call on US to let well enough alone
and to continue on in the road we are 81
surely travelling towards great era o
universal prosperity?