The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-12-17

~. >, nnd "a Fourteenth street,
.HiIySrTOned EdItor.


Minips tyfi an editorial on the silver que
Wv" '1 narked for our consideration. 1t
Seajed S "PrOgrammeo Of the Panic Makers,
aaIn,oceeds to show that those who adyc
as,e a Stopping the coinage OF the presen
s,apdarl silver dollars are the enemies Q
tbe public prosperity
We remark (l) in answerto this editoria
that one Of the loudest shriekers for a hal
in ,aid coinage that we have noticed OF lat'
!. ,be Cincinnati COmmerciaI-a papel
rbo,O oioy and songall the day long" ithal
bson 10 shout "roll on silver moon, ligh'
,be traveller on his way" We supposed al
ors,imethatthe on COmmsrcialwould neverget
snoupb cheap silver dollars, but Il
6D,lIy did, and now that we have
ora hundred millions Of them It beg
coppre.. to let up, Here there Is q differ
sn,e TO commence with between the silver
man At Atlanta and the silver man at Gin
rnnati.
,ilvern editor Of Atlanta we will quote the
blIoving extract from his editorial;
0When there is u sufficient supply OF
currency in the country to transact It's vast
yoIume Of business smoothly and easily,
So.c @ who are interested in destoying val
vs. nal Immediately set up the cry Of Imitation,
md this cry is echoed in their organs and
Nv tber instruments in Congress and out
Jn Only the other day, one Of these or
v,n, ! n in New York was engaged in q pe'
sIiariy stupid attempt to show that
t6e continued coinage Of silver was
IN thc direction Of Imitation The
attempt was peculiarly stupid, be-
saSe s any school boy Of ordi.
rar intelligence knows that ten hundred
tbolsand billions Of gold and silver coin In
the country would not constitute initiation,
Since only SO much would be used in cir.
clhOn as the business OF the people called
br while the proportion that remained
ille would be counted with the other &C.
tumulations OF wealth,
A man who can talk about the effect Of
ten hundred thousand billions Of gold
and silver" in such way Is not supposed
10 know even arithmetiCally how to put
the words into figures. lie probably did
not stop to think that no ono could count
such sum in the longest life time, He
his probably never read OF the effect on
prices in specie paying countries ofthe dis
coyGry Of gold in California and Australia.
lie isnot presumed to know that accord
irg to carefully collected statistics prices in
ibis country ut this time arc over 80 per
rntaboye the prices Of three years ago, and
that they are steadily advancing. All he
wants Is "ten hundred thousand billions OF
@n'-which is more money, many times
Orer than all the money Of the world, the
deprecIated paper rags Of Austria, Russia
Gd Turkey included.
TheAtlana editor would have our Gov
Ement 90 OH coming deprecated silver
dollars ad inlnitum. Just only SEQ how
much money we are making by it For
Instance, the Mint report shows that we
have made about nine million dollars by
buying silver bullion at the market price
and coming it into silver dollars worth
noninally 100 cents on the dollar. And
yAthc price ot silver bullion is falling in
hs market all the time. With all our
purchases we cannot keep It UP. II has
hIen from 53. pence per ounce TO about
sly Other nations decline TO support the
market and we are left to support It by
putting as little as possible Of 1t in Our dol
hn These dollars we pay out to our own
people, and then take them back from
them through the custom house, instead Of
receiving the gold coin that we would other
vie trceivc--and so make lots Of money
Ghkingour dollars out OF ono pocket and
putting them into the othOr.
Whata pity 1t is that we waste SO much
coming these dollars. What is the
uSdputting in 4l2t grains when we could
lE1wcll reduce the amountto 10 400 grains
and stamp" II as q full dollar2 All that Is
a&ddsthG stamp" The omnipotent
'EAnp makes them legal tender for 100
eah, even Il II cannot make them go for
aarthlng more than mere bullion on the
H'th s'ie Of the niagara river.
We presume that the Atlanta editor has
Vtieed that the Government has not as yet
offered 10 pay any Of the principal or inter
s'otIhe public debt in these dollars. This
siEeat outrage, Is 1t notP 1t forces the
V'vemment employe to take 20 per cent oI
a'm In his monthly pay, but Is sensitive
lout paying off its bonded obligation in
sth money. II has an idea that this
would look 10 Europeans like scaling down
Iedebt about twelve or thirteen cents on
ae dollar, and II also Inns an idea that this
would hurt the borrowing credit Of all
American securities in Europe.
AI suppose We should have a very bad
laf in 1852 Tor crops and should be forced
= part with our accumulations Of gold
lhen We would come down to an IS cents
o. The dollar basis. Would we then force
ga silver upon tho public creditors? And
no. with what result. Might We not be
S'y that we had not put a dollars worth
anIyefin our dollars? II is generally sup.
E'a that ii pays people 10 be honest in
3taaH otthcir prosperity. II helps theft
V'aI when trouble comes. When the
W comes that we get down 10 an IS
aIs silver dollar basis every merchant
" " every mechanic will demand that the
suefehcC be made up to him in what Il
."Vn" All initiation oiprices, Just as they
s''y' do in the case Of deprecated
s4H money. Hence II will then cost
Suy cotton grower in and around Allan.
where this multitludinous silver dollar