Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-08-29
TIE SILVER QUESTION
Discussed by MT. KIncsId-He has Some
Views OF BIS own and states Them.
CAMERON, Marshall County, w. Va,
August 90.

SIR:--In your issue OF the 18th inst,
J commenting on the Situation in Con-
/ gress," you wind up the article and ask
the question, "Why not, therefore, re-
peal first and give the relief the coun-
try demands and debate on the subse-
/ quent legislation afterwards" This
refers to the repeal Of the purchasing
clause of the Sherman law, governing
/ the purchasing and coming OF silver by
/ the government. Mr.. Cleveland says
/ ia his message to the Fifty-third Con-
/ gress that "silver and gold must part
/ company for the present" That means
| that gold must be adopted as the single
standard OF money for this country.
/ Mr.. Cleveland would endorse measure
repeating the Sherman purchasing
I clause, but his declaration that "gold
and silver must part company" indi-
Gates that he would veto any measure
that would make silver part Of our
circulating medium on a parity with
| gold In any form. In other words, his
message favors. for the present at least,
mOnometallism and is opposed TO BIZ
! metallism. This is why those who
favor bimetallism oppose the repeal Of
the Sherman act, unless some measure
takes It's place that will retain silver as
m Oney on an equal footing with gold.
/ We stand upon the platform OF the
Democratic party, as set out at Chicago.
We believe in its doctrines and princi-
pies inculcated therein, aud we believe
now Is the time to enforce every meas
IRE therein inculcated. We take issue
with President Cleveland upon this
question. We stand with the
braWny handed men who labor
10 our workshops, the farmers, and
nine-tenthS OF the population Of the
country upon this subject We stood
up in the Chicago Convention and
cheered the adoption OF this platform,
because we believed 1t meant an honest
money for this country, composed alike
Of gold aud silver as they stood before
silver was demonetized In 1873. be-
lieved Cleveland, when nominated as
the exponent OF this platform, and as
the nominee OF the great Democratic
party, that has always upheld silver as
a money equal to gold, would lay aside
his views that he had expressed before
the nomination, but in this am mis-
taken, and we are forced to differ with
him upon this great question. Now,
Mr.. REGISTER, we belong TO that class
you denOminate as "cranks." We OPP
pose monometallism and favor bimetal-
lism; we demand silver and gold to be
coined and circulated exactly upon
equal footing, exactly alike, and to
answer the same purposes. II we have
free coinage of gold, give US free coin
age OF silver-make the silver dollar
and the gold dollar on a parity. Pledge
the credit Of the government to main
tain each dollar alike, receivable for
import duties, the interest on the pub
lie debt, and each receivable as legal
tender for all debts, public and private.
When held as bullion In the Treasury
otAhe United States, make so many
grains Of gold and so many grains Of
silver dollar, and Treasury notes that
:. are issued in place OF either metal
/. should be made redeemable by the gov
eminent the same as coin, payable in
the bullion In the hands OF the Treas
ury, making no distinction as to which
metal they shall be paid in. Let these
Treasury notes be issued to answer the
same purposes as gold and silver coin in
the payment OF government dues and q
legal tender for all debts, public and
private. Have every dollar, whether
paper, gold or silver, backed by the
credit OF the government and you will
80 once stop speculations In gold and
the hard times created by such specu-
lation. Again, the dlstrust that has
spread over the country comes from
other causes than the Sherman bill. In
our opinion this bill is based on wrong
principles and should be repealed II
proper measures can be substituted In
its place. This measure is made the
scape-goat TO hide the work OF evil per-
petrated by 3 monster parasite upon
our body polite that seeks every
opportunity TO foster it's Ill gotten gains
and keep alive its rotten carcass. This
panic is not caused by the Sherman bill
aud the silver dollar issued by it, but IL
is caused by the National banking sys'
tenn aided by certain syndlcates in New
York and the ROthschilds OF England.
Gold is returning at this time to this
country, in larger quantities than II
left, yet we have the Sherman bill I'M
repealed and the silver dollar manufac-
tured under IT Just as il existed when
gold was leaving so freely. The Ma
tional banks want new lease OF life
and they Joined hands with the gold
spectators OF this country and Europe
to accomplish this end, to aid these
spectators In obtaining single stand
ard differentiation and to force a new
debt upon the government. These
banks fall when the indebtedness OF the
country ceases. which will be in few
years Q9O4, II the government pays it
of as It falls due. They thought TO
compel the present administration TO
issue bonds. payable at the treasury OF
the United States, to run twenty or
thirty years, and they set 10 work during
the Harrison administration 10 deplete
the treasury of gold and TO cause dis
trust In financial matters when the
Cleveland administration came into
power. They succeeded in caus-
Ing the distrust, but did not
succeed as yet in having bonds Issued,
and In this, we think, the administra-
ton acted wisely-withholding the
bonds broke up the scheme OF the specu-
lators and gold is now returning. But
these banks are still holding the cur
rency and thus causing the financial
distress. This country has no use fpr
monometalism, we had that from 1873
to 1879. in fact, might say from 1879 to
1852, after Sherman declared the $780,
600, OOOin greenbacks, receivable for i'm
port duties, that we had relief; until
the contraction Of the currency began
again in 1852, from 1872 to 1879 we had
monometallism; in all its beauty, and we
had the same distress We have now, only
IN worse form. Gold vas run back and
forth from this country TO Europe until
il was nearly worn out transporting 1t.