Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-07-03
SELL THE BULLIoN.

munlly. NHdt uOp tho X Sn-OeJ
First. The customs duties shpnld
hereafter be paid ingold alone.
SELL THE BULLION.
i.Seeond-The silver bullion 10 the
government vaults should at oDce be
sold for cash ia gold. and the prneeeds
covered into the Treasury.
..Third-Three per cent. gold bonds
to the amount of three hundred million
dollars should be promptly sold. and
the proceeds transferred TO the Treas
,ury.
t'Fourth-A day should be fixed not
later than January !, ,l1S9S. for the re-
demption and paYmentinigold coin OF
allcirculating notes of every descrlp-
tion heretofore issuad by the govern
ment.
ysFifth-At least.haH ofthe silver DOL
lars issued under the acts,of 1878 and
1890 should be sold as bullion and tine
remainder minted into subsidiary silver
coins and madelegal tender only in pay
fmentof ten dollars or less.
''Sixth-Provision should be made for
the use of the three hundred millions
of gold bonds as basis for banEing.
making the provisions as liberal as pos
sible consistent with safety, but under
government so pervlsion,
Seventh basis OF national
banking should be so enlarged as TO per-
nit the issue oi circulating notes on
Che deposit Of other than u. 5. bonds,
the solvencY OF such bonds to oe'passed
on by responsible government officials.
"Eighth-All bank issues TO be re-
deemed 10 gold coin on demand.
4 "Ninth-AIl foreign gold coin should
be made a legal tender for debt and re-
ceivable FOR government duties at their
value as fixed by law
"Tenth-Previous to the first OF jan
uary, 1898, the surplus funds OF the
treasury, either from loans or collec-
tions. to be placed with the banks In
such. sections of the country and In
such amounts as may be determined by
the Secretary. It's,
NOT POVERTY BUT DISTRESS.
that aflIcts the country. Our fabric Of
finance must be torn down and built
anew. 1t was conceived in error, and
every step increased the departure frem
truth. The act OF 1s7s was dishonoiable
TO the government and rninous 10 tho
people. The act of 1890 was a mere de-
vice to substitute silver for gold as, a
standard of value.
Iron or copper is moro staple 10 value
to-day than silver. Wesaecepted The
bad advice of the silver iutlatloniSts,
once, yea, twice The cup is too Bit
ter to continue the draGeht. They said
If America coined sllSer Engiand,
France and Germany would be con-
strained to use IT also and that silver
would soon take. the par OF gold. .l,
On the contrary, It's fall has been rapid
and without. .intermissiou- These for
ielgn sovernuseats IS now have our gold
and we are left with a currency dis
carded by the whole world and scarcely
more valuable than copper We she3l
again be told that there is not gold
enough to furnish the worlds eX-
changes. II every mans experience
did not detect this lacy the sophistry
might be accepted as asargument.
1t is universally admitted, as already
stated, that less than 5 per cent OF hu-
man transactions require the use OF cir
.culating money. II more than this be
needed, IL can be supplied by a. paper
currency redeemable in gold. IL will be
charged that a single standard lssought
by capital as means OF extortfngi
higher rates Of interest. Itis enough to
say that in every country having single
standard interest rates are scarcely
half the rates prevailing here. Give US
a gold standard Of valneS NowSis the
most acceptable time. We have tried.
the double standard and itis a most
frightful failure. European nations are
enjoying prosperity because they enjoy
a uniform currency and the con tidepce
it inspires. Let the Amerieanf people
be freed from the curse Of bad leElsla-
tion aud they Will attend TO the resty
< Signed j. B. HENDERSON,