The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-09-09
WILD CAT STATE RANIEs.
Tho Presidents Stand ON tho Question
What tho Democrats Want

Tho Presidents Stand on tho Question.
What tho Democrats Want
Chicago Tribmls
President Harrison iorcibly contrasts
the paper money in circulation in the
United statcs during the last thirty
years with the miserable, heterogene-
Gus state bank issues preceding it, and
which the Democrats seem anxious to
return TO, as 20 dog to his vomit" He
refers TO the fact that our money is all
national money-it may almost be
called international-Rnd that the note
OF an insolvent bank il as good and as
current as a treasury note, because the
credit OF the United States is behind 1t.
He truly writes that only those who in
the years before the war experienced the
inconvenience and losses atlendantupon
the use" OF state bank money can
appreciate what return 10 that system
involves" The denomination oil a bill
was then often noindication Of its value.
and tho purchasing power OF bank
nolo often changed 40 much in single
day that people did not dare to keep
over night tho money thoy received,
and tho issues OF the mostsolvent banks
in the west could not he used in
Journey to the east. Tho President
say that changes may become necessary,
but "a national system OF currency,
safe and acceptable throughout the
whole country, is tho fruit OF bitter ex-
per:euce," and he feels sure the people
will not consent to the reactionary pro-
posal made by the Democratic party
He might have added that the present
system OF national currancy is such an
admirable one that the Democrats are
heartily in favor OF it, except in theory,
aud would laua it to the skies were 1t
not that it is Il direct outcome OF Re-
publican policy aud instituted as g
means OF raising funds ior putting down
d wicked rebellion.
The President indorses the resotu-
ton OF the Republican convention in
favor Of bimetallissn as declaring what
he thinks to be the true and necessary
conditions OF n movement that has his
cordial adherence and support lie
believes in the free coinage of silver at
such ratio to gold US will maintain
the commercial equality of the two
coined dollars, and holds tho one
essential condition to be that those
dollars shall have and retain ar equal
acceptabiity and value III all CONNER
cial transactions. The dollar is
measure of values, and when unequal
measures are called IN law by the same
name commerce is unsettled and con-
fused, and the unwary and ignorant are
cheated. The President states, what
ought to be a self-evident truth,
that dollars OF unequal commercial
value will not circulate together,
as the better dollar is withdrawn and
becomes merchandise. And he repeats
a former declaration to the effect that
the true interest OF our people, and
especially the farmers and working peo-
pie, who cannot closely observe the
money market, is that every dollar,
paper or coin, issued or authorized by
the government shall at all times and
in its uses be the exact equivalent Of
any other dollar, not only in debt pay
ing but in purchasing power. Also he
declares his conviction that five should
now act on this subject independently
OF other nations We would greatly pro-
mote their interests and injure our
own. He thinks the monetary con-
ditions of Europe within the last two
years have tended very much to de-
velope a sentiment in favor Of larger
use OF silver. and that We can justly OK
pect highly beneficial results from the
monetary conference which ia soon to
to assemble.