Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-12-30

TO demand the Governmens to food the
county with silver dollars than the owners
Of the great copper mines about Lake Su-
perior have to demand the Government to
coin all the copper they produce, or the
iron manufacturers to demand that the
Government shall accept their iron. Also,
a band of robbers have the same right 70
steal three thousand dollars from q man
that the Wall street bankers and brokers
have to run the monetary system OF the
country for their own sggrandizement, and
80 contract the currency that the man who
owes them ten thousand dollars viii find IT
as difficult to obtain seven thousand dollars
to pay them as ne would the ten thousand
when the debt was made. Also, men
have the same right to rob an
other of three thousand dollars as they
have to receive on deposit or borrow ten
thousand dollars of him and then 80 in
aate the currency that the ten thousand
they pay him is only worth seven thous-
and
But among sll these interests there is
golden mean. That mean is, that dollar
OF one kind Of money shall equal, as near.
IL as possible dollar Of the other, and
that the currency be not contracted but'in-
aatsd in proportion to the increase Of the
population Of the country,so that the num-
Der Of dollars per capita shall remain
about the same.
Several ways Of equsizing the value OF
the gold and silver dollars have been rec
commended.
President CLEVELAND in his message
recommends one. He says I'VE have
now on hand all the silver dollars neces-
sary to supply the present needs Of the Peo-
pie, and to satisfy those who from senh'
ment wish to see them in circulation; and
if their coinage is suspended. they can
readily be obtained by sll who desire
them. If the need Of more is at any time
apparent, their coinage may be renewed.
= recommend the suspension ofthe COM
pulsory coinsge of silver dollars directed
by the Law passed in February 1873"
/ Senator Beck, of Kentucky, in his
speech on the silver question, suggests his
plan in this; II insist that every creditor
of the Government is by law entitled to
be paid in the same coin, and that our
Treasury officials should be required to
pay silver as well as gold when received
for custom dues to our bondholders, as
they do TO all others who have legal de-
mauds upon the Treasury; that done, there
will be no need, at least for years to come,
to strike down silver in any form"
The Dill proposed by Congressman
WARNER, of Ohio, provides that the month
ly coinage of silver dollars under the act
of February %, 1878, shall be stopped,
and in lieu of such monthly coinage the
Secretary of the Treasury IS hereby au
thOrized and required to cause the
coinage, from time to time,
of standard silver dollars from
bullion deposited under this act, in
amounts sufficient 10 supply any demand
that may arise for coined dollars for cir
cula,ion, or that may be required to pay
coin obligations OF the Government"
Also it is provided that there shall be no
further issue Of fys-dollsr bank notes and
one aud two-dollar United States notes,
and that notes Of o higher denomination
shall be issSed in their stead. Also silver
certificates of one, two and five dollar de-
nominations shall be issued in addition to
those now provided for.
Congressman ScoTT, Of Pennsylvania,
would stop the present compulsory coin
age of $1,000, 900 per month and provide
that when the amount in the Treasury falls
below $40, 600, 900 the Secretary shall
again order coinage till the amount reaches
S2OOOO,OOO. To dispose Of the $3.50, OOO,-
900 and more that are now in the
Treasury he would have the banks call in
all notes under $40 and the Government
call in all greeubacks under $50 and issue
$40 and $50 notes instead of them and
also issue 81, 81 and s. bills, payable in
silver.
According to the tables published in yes,
terday'5 REGISTER, there are l9j Congress.
men and ~ Senators opposed to suspen-
sion Of silver coinage while there are only
100 Congressman and % Senator in favor
oEsuspeusiou. Should this sentiment con
tinue, a method other than suspension Of
silver coinage will have to be agreed upon
to secure the desired end Of equalzing the
value Of the dollars. fit can be accom-
plished as well some other way, all right.
Only let it be done.
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