The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-08-03

States for legal tender silver dollars
worth one hundred cents each, that
moment 4l23 grains OF standard silver
will be worth one hundred cents; and
as commerce eQualizes the prices OF all
commodities throughout the world
whenever 412a- grains OF standard
silver are worth 100 cents in the United
States they will be worth that sum every
where else, and cannot be bought for
less, While 1t would be urged that
such result would enhance the price
OF silver bullion, 1t is sufficient for us
to know that q similar case would be
Immediately made in tho prices OF
every kind OF property except gold and
credita in the civilized world, It would
be shallow sel6shness that would deny
prosperity to the mining industries at
the cost OF bankruptcy to the whole
people. The legislation to demonetize
silver has given an unjust increase to
the value OF gold at the cost Of the
prosperity OF mankind, Wheat and all
other agricultural products have
ridden eide by aide with silver,
"Third-That while the Sherman
act OF July IA, 1890, was q device of the
enemy to prevent the restoration Of
free coinage, and 10 greatly Objectionable
because II continues the practical ex-
ciusion Of silver from the mints and re.
duces 1t from money metal to q COM
mercial commodity, nevertheless its
repeal, without the restoration Of free
coinage, would stop tho expansion Of
our currency required by our growth In
population and business, still further
the distance between the two precious
metals, thus making the return to bi.
metalism more difficult; greatly
increase the purchasing power Of
gold, still further breaking down
the price OF the products OF the
farmer, laborers, mechanics, and the
tradesman, and plunge still further all
commerce, business and industry into
such depths OF wretchedness as to en-
danger peace. tho preservation OF free
institutions and the very maintenance
OF civilization, we therefore, in the
name Of the republic and OF humanity,
protest against the repeal Of the said
act OF July II, 1890. except by an act
restoring free bimetallic coinage, as ex-
listed prior to 1879. We suggest that
tho maintenance Of bimetallism by tho
United States ct the ratio OF l6 to l will
increase our commerce with all the
silver using countries OF the world,
containing two.thirds OF the world
without decreasing our commerce with
this nation, which buys our raw ma.
terlal, and will compel the adoption Of
bimetallism by the nations OF Europe.
"Fourth-We assert that the unpar-
alleled calamities which now aflict tho
American people are not due to the So
called Sherman act OF 1890, and in proof
thereof we call attention to the fact that
the came evil conditions now prevail
over oil the gold standard world, We
are convinced that bad as Ia the state Of
affairs Ia this country 1t would have
still been worse, but for the Sherman
act, by which the nation has obtained
to some extent an expanding circula-
ton, to meet the demanda OF d CONT.
nent in process Of colonization and the
business exigencies OF the most ener-
getic and industrious race that has ever
dwelt on earth, and wetinsist upon the
existing law without evasion so long as
1t ia ppon the statute books, aud upon
the purchase OF the full amount OF sil-
yer each month that 1t provides for, to
the end that the monthly addition to
the circulating medium the law requires
shall be maintained.
"Fifth-That we would call the at
tention of the people to the fact that in
the midst OF all the troubles of the
time, tho value Of the national bond and
the national legal tender money,
whether made Of gold, silver or paper,
has not fallen a particle. The distrust
Ia not Of the government or its money,
but OF the banks, which have, we be.
lieve, precipitated tho present panic on
the country in an i'll advised effort to
control the action Of Congress on the
silver question aud the issue Of bonds.
We invite the bankers to attend to 10.
gitimate business and permit the rest
Of the people to have their full share in
the control of the government, 1t
must not be forgotten that while boards
Of trade, chambers Of commerce, bank
ers or money dealers are worthy and
valuable men in their places, the re-
public can more safely depend upon the
great mass Of Its peaceful toilers and
producers; and that this business
mans ago" is rapidly externinating the
business men Of this country.
1.-THE time has come when tho poll
tics Of the nation should revert as far
as possible to the simple and pure con-
ditlon out OF which the republic arose.
We suggest for the consideration Of our
fellow citizens that refusal Of the oppo-
nents OF bimetallism to propose any
substitute for the present law, or to
elaborate any plan for the future, indi.
Gates either an ignorance of our fnan-
cial needs or an upwillingness to take
the public into their confidence; and
we denounce tho attempt to uncon-
diticnslly repeal the Sherman law as an
attempt TO secure gold nonometallism
in fragrant violation OF the last national
platform Of all political parties"
Aftor several speeches and some exc.
cratlons Of President Cleveland aud
Secretary Carlisle, the convention ad.
journed sine die.
CONDENSED TELEGRAMS,