Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1889-12-09

NJ % ceuis he then refuses 10 redeem
our sarenouse receipt for sos on our
hundred bushel LOT. II cannot be with
drawn AID sold elsewhere, aud IS other
whsa. IL under tbs same control, the price
falls to 50 cents a bushel. He then re-
deems the warehouse receipt for sos for
ssh and is Sl5 ahesd on tae transaction.
Uaiil wheat reached the figures he
thought l0w enough he would not allOT It
10 be usei rs bread.
Substitute ounces If silver for bush
els Of wheat and you have exactly the
TopoiObamp1 plan With millions ia it.
SO far ~ tia issue Of the notes is con-
carned, - Gays Mr.. Window, 1.-THE plan is
very simple. II depositor brings a hun
droi 0uIcss Of silver TO the mint, ard the
market pre- o. silver at that date, as de.
ffrmiaed ytis Secretary Of tte Treasury. il
50 cents ~ Cuoce, he would receive IN
payment treasury notes SaTshOuse re-
csipts) calling for S95 Bat he would not
yea 500 vhea he presented them for pay
men,. Tney would be redeemed, if at all,
1T a price fixed By the Secretary OF the
Treasury mot TO exceed 81 for Alp D
grains If silver" When by suspending
payment on them he had forced them
down 10 50 he could redeem at that price
with SIS profit on the 100 OuCcss.
Ii must not be inferred that this is gov
eminent profit. The contingency is care
July provided against. Uuder the terms
OF the proposition, the Secretary may re-
deem in gold at his option. So a Secretary
who wishes do " can either bull OF bear
the market as he or his outside associates
please, turning all profits into outside
bands.
He calls those warehouse receipts Of his
treasury notes" TO produce the impre3-
sion that they would have a value as fixed
as L cited States legal tender notes. but be
proposes that bis sos receipt in circulation
shall BY worth 800 or $50, as tie Sscra-
tary Of the Tres uTy may determine; for
"saii notes are 10 be- redesmable in gold If
he like, or in NE quantity Of siicer which
could be purchased by the number Of dol
/ lars expressed on The face Of the notes al
he time presented for paymeRt'-!he silver
represented b. such tokens being measured
oy gold ard subject 10 such fluctuations
ss the Secretary OF the Treasury may di-
rect
Mr. WINDOW is Of course not a specula-
tor preparing to rob the country by the
use Of the treasury, bat in preparing such
caref1l plans TO made robbery simple, safe
and easy on q scale never before attempted,
| be should remember that there are men
who, if they were Secretary Of the Treas
ury, would q. once use this power TO en-
rich their friends and Themselves, as
they could easily DO without at
tracing attention, by operating through
outside associates. Nc. Window isintimate-
| ly acquainied wiib the man who. in opera
ting povernmsnt trust through outside
associates, wrote to Mr.. Warren T. Fisher,
Jr.. You urge ne % make as much as ]
fairly can on OF the rrrsDgsm ent into
which we have entered IL is natural that
I should DO my utmost 10 tnst END" AS
= fnarC 81 geEiue, Mr.. WiHd0I can
easily form an estimate Of how much gu b
a man, acting Hs s. cretary of tie Treasury
OF with a tool in that Office, cOnld make
through dong bis utmost under this brill
liant plan.
We fear Mr.. WirdOm's simplicity has
been imposed on by designing persons who
mis,Ook simDi city for knsvery. The plan
be hai thus f,tnered wOali give him such
power for robbery rs has never been en-
ioyed By any operator In tAe history OF
modern civil stion. Biidle's bank was
not Circumstance 10 what the Window
silver warehouse would be.
The one touch Of ssescity shown by the
President in his message Is in pretending
that this is a game be does cot understand.
He has been prevented by his Pressure
from examining it, but be has promised
that Re may perhaps say something on il
10 The future Then we shall see what re
see