The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-04-21
WHEELING, W. VA. MONDAY, APRIL 2l, 1890.
TIE SlLyEI, QUESTION.
soms Worry Good Views Advanced by tho
Recretary Of tho TrsaAury,

SontS Worry Good Views Advanced by tho
Secretary OF tho Treasury.
WAsnISoroN, April 20. = Secretary
Window tonight permitted reporter
OF the Associated Press 10 make a copy
Of the following, which Is taken from a
letter addressed by him to a Western
correspondent in answer to comments
and inquiries upon the present status Of
the silver question. - -
The bill recommended by, the Treas.
ury was framed mainly for two pur.
poses: First, to meet tho demand for an
Increase OF circulation, and second, To
enhance the value OF silver by providing
for 1t IN additional sale as money. II
approved by Congress, 1t will, In my
opinion, accomplish both OF these oh.
jects, and at the same time afford q fair
and Just basis for harmony Of action on
the silver question. To the silver inter
ests 1t offers every substantial benefit
that can be granted without peril
to our financial Bystcm, and
far greater advantages than eau
be found in FREQ coinsgs., To thoae who
uonnuu moio tuoney one1nan an
i;a uaas iuGtease ~ o. iiom A.t5 70 Sky NIT
sound currency, 1t gives the amplest
guarantees against the degradation Of
the American dollar. But to those who
would initiate the currency by injecting
into 1t large volume Of money without
adequate safeguards against depreciation,
y onefs @ no M C., comloss y Of VIVA. mna.eyer. And
I,ent here - lounu tne stc.et OF mucn OF
tle OPPOSITION 70 someo lts redemption
features. ~ .e ycII
j EXTRAORDINARY CONCESSIONS. |
In reply to your Observation-Disclosures
tat mn ;rv;,. vo,r atlantic, ;, ~. -
~ ~ W 'ao Ga
ttdota'nary CONCESSIONS whlcn are OF.
fered to the silver sentiment Of the
country. First, 1t Is proposed to alb.
sorb all the silver produced by the mines
and aand reduction works OF the United
srI ., ,ne1 serIv onsha,f 81 ths ant;r rv sne ";
yer productions OF the world, and TINS
greatly enhancing the value Of the whole.
second not content WIN this conces,
slon' wnlch ls surrey %lthout q parallel
Us 10 any otheI proauct, the Senate
CoIi1llttee lnsists that tue government
Snall Sna % compelleo 70 purchase s4,5OO,'
eeo we Wof1n a. OF Silver IN each month, max
so4,uVo.ooo ygaI, ~nlcn' with the
amount neeaeu iol ~ the arts and
lol onr tlaue WIN ohina VIII exceed
our our. own p1oouctlon ny about ten
hlllion per annuM: low Is this e1'
cess 10 oe oDtalnea! only ny purchase
from ABROAD. III the event OF an un.
iav9sao!e basance OF sraae when Our
= ggola VIII Do mos1 neeaea az home, we
SnaM oe conpelieu 70 export ten
milions OF goia, wnlch we VII! then
surely heed u pay ior Ten mllllonB OF
sitver, whlca we VIII not need! at all. |
hls compulsory purchase o. 30 great an
Ia VIII MAKE Inc treasury tue
largest operator In the most gigantic cor
ner ever organized. Tli5siEJE
TILE HOUSE ELL.
Third bill reported bv the Honse
,.,,;aoa a.. ....
oo'Aui''see pno''aeo .n"' notes issued
Tor silver bullion shall be redeemed in
silver dollars if demanded BY
the holder. This will give to, the own.
ers of silver bullion the power to con-
vert every ounce produced in this coun.
try into standard silver dollars at their
own will and pleasure. True, there ia
not the slightest danger that this power
will be exercised, because no zane man
will prefer to convert Treasury notes
which the Government is bound 70 re-
deem in gold or its equivalent, into
silver dollars unless he may
want limited number Of them for some