The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1891-02-19

from the country Of fully $500. 100000 OF
gold to psy for tie importation Of an
equal vslue Of silver, the said silver to
he coined and stsmped so as TO make ii
aupeor TO bo worth S8l5,OOO,O0O. On
u :, movemt mt yoult shower in upon
ma alltbo surplusoI silver now besped
M in Germany, France, Holland, Italy
and other countries. That silver which
has been bought at ito bullion value in
the London market will come here to
be- exchanged for gold certiGca:cs at the
rate of about 81 90 or lees for sl99I, so
long az tho unequal process lasted,
which could not be longer than 1t took
10 ab,orb our stork Of gold. 1t would
stop when we bsgGn 10 psy for the
bullion silver in silver coin stamped
with lietitious statement ofvalue. The
foreigners would say: "Yee, you may
call that dollar among your.
selysp, but It will only sell
At Il little less than eighty cents
with us, and we had ilst as lief keep
the bullion" They would rate our sill
yer dollar as worth Just what it would
fetch rs bu!lion.in the London market,
aud We should pc,torce Gud ourselves
doing the So Ne thing, being unable to
keep up a false standard Of values as
asuIus, the practice aud common sense
of all the rest Of the CiVilizsd world.
The 10 OOOO 900 ounces OF the metal now
held ut the Est by spectators and such
small quantity as the mine-owners in
tho West may have on hand ready to
move might share in the golden harvest
reapsd by the foreigners, but that would
be all. BY the time the silver States
came battling along with the frat weeks
production under the new law the
whole advantage would have vanished
They would gat for their metal pay in s
lager number Of silver dollars thar
nov, but tue power OF those dolIars tt
buy labor, land, machinery, food sup
plies aud other things to be purchased
with money would be proportiOuately
lesseTed.
Arguing on this line, the Tribune CON
cludes with the following sensible de-
ductions:
The people Of the silver States would thu!
have done themselves no gOod--nct obtained an
lots OF advantage they did not possess btfOre
and have wrought an incalCulgble amount oil
! iAmnre 10 the nation. They would have beer
tho neAus OF draining all the gold out OF the
coU lIry, putting profit Of million or Two IN lC
the pockets OF home EpeouIators, and helpirG
plratiyely few Inn eeunlouS debtors 10 pay
vi" By u process equivalent 70 subtracLing three
or four years lawful interest from the principal
| But this would he accomplished only by pro
ccfs which my be described rs sweeping inc
WsOla country with mllSmhtic wind, whose
polsOn.li, "a vapors would reduce the people q
| i state OF commercial HRIa unknown previously
| 10 Inc present generation. Aud alter the llnSl
OF In fever had passed oil We Should be lett on
| the basis Of 1be mOnOmeIAlllSt silver usinA
cOualriCs OF siR and u Mexico, W tn even les
prOsp ct Of being able 70 emerge from y thaI
| thny nov have Ones In possession OF all oul
gold re COuutrics Of EltOps would have isl
greater reason than now for refusing TO entcl
w,Ih us OH arrangements for bimclaltIG cur
reuCv They would keep Tho gold aud tell IL
| that having made our bed on silver ore we were
WELCOME 10 lie on 1t to our hearts content hnr
yiIcp tirrI tfy for another without any assist
Rne.. ON them. Like the nian who had got TIT
| Irst .Ide of d horse trade, they would laugh a
] thO ldan Ol reversing the bargain because III
other fellow mad grown tired oil