The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1886-10-07
TIE SILVER QUESTION.
President Cleveland Thinks Compulsory
Coinage WIN soon DO Stopped

President Cleveland THINKS Compulsorl
Coinage VIII soon DO stopped.
YAH, Special ". Y, Commercial AdpGttT,
The administration has not yetsuTen
dersd to the silver men, Mr., Cleveland
and those who hold his views on financial
questions are confident that the compul
sorry Colnags will be stopped before yely
long. II Is only question Of time. Of
course, this Congress Is hOpeleasly insane
on the silyer question, but It has only one
more year 10 run, and perhaps the next
may have o little better financial iudg,
ment, lit has not, the silver problem
will work itself ont before very much
longer,
Treasurer Jordan is using every exsr-
ton to put the silver In circulation, He
has met with good success, and coon much
more will bs circulated in the form OF 81
and So certificates, This Is being done
with the clear conviction that every dollar
forced into circulation contributes that
much 10 hasten u settlement Of the quOs.
ton that will be satisfactory to those who
favor an honest dollar,
Mr., Cleveland expects, It is asserted, to
see compulsory coinage OF silver stopped
during his administration, II Is fact
that number OF members and senators
who savagely attacked the financial policy
Of the administration are now not alto.
gether certain OF the wisdom Of their
course, aud are ready to drop the subject
for the present and await developments.
Several OF these gentlemen have modified
their views materially, II has been as
serted that even Senator Beck, OF Ken
lucky has modified his views somewhat.
Hr made no effort to conceal his antagon.
ism to the administration from the first.
He and Reagan and Mills, OF Texas; War.
neE, OF Ohio, and Blsud, OF Missouri, were
looked upon as the leaders In a movement
to break down the administration, 1t was
to have been an organised movement
among the silver maniaCs In Congress.
Ex-senator Mcdonald Ia the one man to
whose judgement in matters Of finance
these men In a measure defer. Mr.. Beck
called upon him at the Riggs house and
consulted with him at the Riggs house and
consulted with him as to this movement,
MI. Mcdonald advised against 1t, He
thought 1t imprudent, and thing they
would have reason to regret. Mr.. BeCk's
idea was to haue the cry for single silver
standard, Mr., Mcdonald pointed out that
This would be ruinous, and advised that
they wait awhile before going too far with
silver. The scheme was dropped soon
after this interview, aud to-day difference
OF opinion on the silver question could
not figure as motive for attacking the
administration. A man who figured as a
silver advocate last winter
expressed the opinion to your
correspondent not long ago that the silver
question was no matter upon which to at
tack the administration, as Mr.. Cleveland
was about as apt to be right as were those
who differed from him.
Representative Cox, Of North Carolina,
was In Washington fow days ago, and in
q conversation on this subject no ex.
pressed grave doubts whether the attitude
taken by tho Southern members was right
and In the best interest OF the South.
A great many people down there, he said,
were In doubt about 1t. They had been
led into supporting silver Coipugc, because
they felt the need Of money, and they
thought silver coinage would make It
plentiful. They have now discovered that
no amount OF money in circulation will
do them any good as long as long as they
have no security to give for it, and moth.
ing to offer to attract its Investment. The
proper policy for the South, he thinks, Is
to act with the East rather than with the
West. By the adoption Of Western poll
Giles they are working against their own
interests. Whatever money they get and
whatever immigration Of value there Is
in the South must come from the East.
Eastern capital must develop the re.
sources Of the South, and there must be a
community Of In etests. The South must
adopt the Eastern RChool OF finances, Mr..
Cox thinks, II they are to advance in
prosperity. The West 10 their natural
rival, and the Western interests are not
their intereats.