Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1891-06-28

of the mines. History furnishes no ex-
ample of the progress of civilization
when the mines were unproductivc.
On the contrary, the rise and fall of
nations is marked by the development
and abandonment or exhaustion of the
mines. The demonstration Of silver
was almost equivalent TO the cessation
of mining. The extravagant demand
for gold created by the disuSe of silver
made that metal an object of universal
desire.
Asia increased her purcaseS TO hoard
or decorate temples and objects OF wor-
ship. The rich acquired it for orna-
mcnts. Dentistry and other arts In
creased their consumption. The aver
age product of the mines declined.
Nearly, II not quite all, the gold pro-
duced since 1878 has been appropriated
for non-monetary purposes. In the
meantime the business and credit of the
commercial world have enormously in
creased. The result is, the gold
coined in the United States and
Europe is altogether inadequate
to sustain the vast fabric of credit
which nvw exists. 1t is mistake to
suppose that the commercial world is on
the gold basis. However much bust
ness may be facilitated by checks, bills
Of exchange, clearing houses and otScr
devices, some proportion must exist be-
tween credit and money. The failure Of
the BaringS disclosed the fact that a
very large proportion of the credit OF
the world has no foundation TO sustain
il. IN other words, there is not enough
gold TO redeem it.
If II is settled policy to reach a gold
basis, business must be reduced by stag
nation, credit by bankruptcy ana popu-
lation by starvation. The failure OF the
mines In all ages has produced these re-
suits. 1t is impossible TO increase the
supply of gold. The restoration OF sill
YER would relieve the situation so long
IS the mines continue productive.
The people of the United States will
not tamely submit to the whitening
grasp of contraction which the gold
standard makes inevitable. II the pos
SCISSORS Of accumulated capital continue
their efforts TO reduce the business of
the country TO the gold standard both
metals will surely be discarded.
The demonct;zation OF silver was dis
| honest because il denied 10 the debtor
the right TO pay in the money OF the
contract. The contract was TO pay ia
coin ii either gold or silver. The OPP
ton 10 pay in silver was taken away
| without the consent of the debtor. Ac-
cumuated capital is unsafe in this en-
! lightcued age while It's pOSScSsoTS dis
regard the obligation OF contracts.
| Let the owners Of gold and the creditor
class deal honestly with the people and
| restore silver. u is the only way 70
prevent enormous money imitation. The
only conservative course is toreturn 10
/ the uSageS Of the centuries ana respect
| the obligation of contracts.
Radical contraction By the rejection
/ OF silver will certainly be met by radi-
cal imitation. II the gold st&udard con-
tractionists are prepared Tor the issue
/ the conflict is irrcparable. The discOn-
tent of the people. which is manifeSt by
| the conventions of honest tOllers and
farmers, cannot be ignored. 1t may De
ridi,u'ed. The rich may scott AT the
suiTeripgs ~ the masses, bat The day OF
| retrioUtior viii come.
Next Congress viii pass n bill for free
coinage oil silver. Whether or not il
will become 4 law will depend upon the
! executive. II the President should, I'M
| fortunately, veto such bill, the money
| question viii be the paramount issue or
1892. The game Of smothering or side
tracking this issue has been Played too
/ often. The time for sectional strife has
passed. Sentimental. questions must be
! laid aside until the people have more
money. What difference does it make
| 20 the people whether We have a high
or low tariff if thoy have no money ID
| buv the neceSSSrieS % life.
/ | am a believer i'm tho tariff and that
/ we should do our own work and keep
/ our m0aoy at home, but if the yclume Of
money is constantly shrinking there viii
/ be hard times with high tariff for rove
nue. or free trade. Ii requires money TO
90 business, support families add edu-
cate children; in soort money is The !ife
blood Of civilization. Ii II is with
/ Grawn by the strategy o. gold
/ combination, civilization will tam
/ cuish and die rs inevitably - the loss
/ of blood will destroy animal life. THIS
/ is no theory. 1t has boon demonstrated
/ i'm the life of every nation which has
risen ana decaycd. The people of the
/ United States did not realize what was
producing hard times whcu silver was
/ first demouctized, but they ara Begin
ming - understand tina. the disease is
want of money and that tlo cure Is
more money The motto in the next
camnaign Will be- More money and less
I misery