Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-07-28


the mistrust is in themselves. The peo-
pls do not discredIt silver; they have
confidence in il and desire law to in
yite universal confidence. But the gold
bugs do not desire to create confidence
in silver. Their whole aim has been 10
destroy silver aud create mistrust. IL
subserves their purpose 20 do so, as
they do not want the currency In
creased.
They assert that the value OF the sill
yer dollar fuctuates and ranges from 40
to 20 cents, according TO the market. II
this be true, their diabolical legislation
is responsible for il. They deal oIo"
after blow at silver, and then chant TO
tue people Of its crippled and unstable
condition. The fatal blow was dealt IL
In 1879, when It was demOnetzed, ana
since that time every effort to restore us
equality with gold has met with strenu-
Gus opposition.
The stir and anxiety In financial cir
cles for several months have been only
scheme Of the gold worShipers 10
cause alarm among the people and WORK
% feeling OF mistrust In silver Inc
goldbugs do not want silver remone-
tized. They saw, however, growing
feeling among the people, that silver
should be placed where II was prior 10
the act OF 1873, which demonetized IL.
It became necessary 70 set up some
scare-crows over the country to prevent
such legislation, and then followed the
hue aud cry Of the bondholder'
stakeholder and financial specu-
lator against silver. They saw
that the reconciliation OF silver
must be prevented or their Deiarlous
trade of monetary gambling would be
gone. They do not want silver restored
TO an equality with gold, because SILVER
Is now a monetary commodity, and so
long as il can be continued such, 1t must
be regulated by gold, and here the
stockbroker and tnancier gets IN MS
speculation. IL silver is remonetlzed,
this commercial feature is destroyed ana
there can be no speculation between IL
and gold.
Ills singular fact that those very
cIamorous advocates OF IAN honest dol
lar" are the ones that most strongly OPP
nose the legislation that will create the
honest dollar. Ifthey oppose silver be-
cause il is not an honest dollar, why do
they not favor the law that would make
II honest? They say The government
caanOt maintain the value OF silver. IL
can maintain the value Of silver Jast
as we'll rs the value Of gold. Silver
will take care Of itself just as gold does,
n it has the same show under the law.
1t is the law that favors gold in prefer
ence 10 silver, that destroys the value
OF silver. The intrinsic value is not
meant by this, but the debt-paying val
ne TO the government. The intrinsic
value of gold is not created by the
government aud IL cannot be
expected to create an intrinsic value Tor
silver. Let it establish silver as
standard OF currency equal with gold
and promise TO redeem neither, but re-
ceive both for their face value for all
debts, aud then the government has
done all il can do. The intrinsic values
of both will take care OF themselves,
Just as that OF gold does now.
It Is said foreigners will not take
liver now, nor il 1t is remonetiZed.
Well, they will not take IL as 1t is, so
reconciliation can not increase the
evil. Let them have the gold; they de-
mand il now aud after reconciliation
OF silver they cannot do more. The
trouble is Just the other way; the
foreigner now demands gold, because
be is afraid of the abominable silver
laws, which make silver monetary
commodity for the trade and traffic Of
stockholders, bondholders and financial
gamblers. At any rate, IL is not the
business Of our government TO look after
the interest of the foreigner; let him
take care Of himself We can get along
as well without him as be can without US.
II 40 other country has bi-metallism,
the United States could not do a grand
er act than to take the lead In estab-
fishing IL, and other countries would
follow in time. II is nonsense TO say
that silver will run gold out OF this
country. Gold has to go out now,
and how can silver make more go? The
demand regulates the amount OF gold
that goes TO foreign countries and 1t will
continue TO regulate il. Silver cannot
increase the demand for gold, because
the demand is regulated by the COM
MERGE between the countries. II remoH-
citation OF silver will increase the de-
mand for gold, then 1t will increase
commerce; and II so, that is an argu-
ment in favor OF silver.
The term "free coinage" is somewhat
misleading and confusing to the people,
unless reconciliation is meant thereby.
Ii would not do TO have free coinage OF
silver without reconciliation, II the
term "iree coinage" can mean nothing
else, then there could be no confusion;
but from the loose and ambiguous use
made Of these words, 1t is almost impos-
sible to ascertain their meaning as used
by great many writer's and speakers.
If they mean by Gree coinage" remone-
tization. then there is no uncertainty,
otherwise free coinage is a deceit and
snare. Gold was monetlzed and free
coinage Of il followed. Now, let silver
be monetized again and have free coin
age as with gold.
The volume OF currency should be in
creased 20 N eet the demands Of business
aud 10 keep progress with the constant
ly increasing growth Of population Of
great country like the United States.
The remOnetizatiOn Of silver will meet
this necessity. A restricted currency
Expresses the people, while an excessive
imitation OF currency is almost as great
an evil. The people OF the United
States need mUre money TO meet the
demands Of business, and this may be
accomplished by the proper legislation
without flooding the country with de-
preciated currency. Silver is now a
deprecated currency, because it is not
money in the sense that gold is. Re-
monetizs It and then it will be no longer
deprecated.
There is q current belief that the pur-
chasing power Of gold dollar Is the
same everywhere. This is true only