Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-08-07

basis idea that, by fixed ratio, it shall
be of equal, unvarying value with goId
coin, do not believe can be accomp-
lished. The two metals in coinage VIII
not have the same relative value.
When attempted, care will be taken
not to pay in gold. Under the ratio
now existing, gold is rarely seen.
think it may be adopted as a con-
cusiOn tbatit is almost impossible 10 TX
am ratio of exchangeble value between
the two for, in the end, they Will ma
their mutual level, as they may be EN-
ployed in the worlds transactions OF
men. No government can per-
manently establish ratio De-
tween things-between gold ana
silver-for,in the very nature OF things,
we know they are constantly changing.
OF course we should look TO present con-
ditions, and policies of government
should always be adopted to best suit
conditions. We have gold and silver
We are not at this day in the condition
that the ancient Abyssinians were who
used salt for money, or OF the Roman
people who, at one time, used copper TOT
money, or away back in the days that
Homer speaks Of when the armOr otthe
warrior was paid for with oxen. Gold
and silver haVe'uow been almost univer-
SALLY used for coinage. The gravity OF
present difficulties on this subject Is In
tensifed by the fact that gold bullion
being so scarce and less used for pur-
poses other than coin, II Is more
uniform in value than silver, which,
being largely used In commerce, Is more
variable in value.
Treating the subject in the light OF
present conditions, it seems to me best
to have coinage Of both gold and silver
by the government, and adopt some ra-
ito having In view relative bullion
value approximately the nearest uniform
relative valne between the two, that Is:
make the silver dollar as near as posi-
bic OF the value OF the gold dollar.
Coin, when employed in sale or pur-
chase, is measured by It's intrinsic
value, and this is measured by the
quantity Of metal in 1t, with a small
enhancement by its use as coin. There
may be inconvenience In having the
silver dollar approximately OF the metal
valve of the gold dollar, for silver dol
lar will with present thickness then
have a diameter OF nearly two inches.
Possibly 1t might be best TO have silver
coin OF fractional denominations, as
people may object to carry cart-wheel
dollar.
mo fiat Of the Government to make
the present sixty cents In the present
dollar OF the value Of gold dollar Will
be effective for a trading, working.
commercial people, II the silver dollar
is made TO be of about the value OF the
gold dollar, it might be good policy to
have the denominations OF paper money
not less than $40, with other issues OF
mutiples of $40, and thereby force to
be brought into circulation most OF the
concealed gold coin.
"Uniform parity Of the two coins
cannot exactly be maintained, but ap-
proximately So When uniform parity
OF value cannot be exactly maintained,
exact comparison cannot be had, but we
can approximate.
Inconvenience OF weight or size In
silver coin might be greatly overcome
by having large silver coin In the
treasury represented by silver certlh-
Gates of the government In circulation,
but no redundancy Of silver in the
treasury should be permitted. The
government by coinage, or otherwise,
cannot carry all the silver OF the Dako-
| tas, Idaho, &c. The Stewards and aux
iliarles should be met with a concession
that we will coin Of their silver bullion,
with a proper limited extent, but the
coined silver should be as near as pos
! sible Of the value OF dollar when
measured by the worlds standard OF
| value.
Wheat, bread and meat are from the
toll OF men, and their silver is rescued
| from the deposited bounties Of Proyl-
/ dence, and they should not be permit
ted TO force unstaple value for coinage
use as demanded by them and so great
| " under value when measured by the
worlds standard. In all this matter
the great interest OF people who are not
! burrowing for silver should be consider
ed. and not have forced on them sixty
cents for one dollar"
"What do you think will be the out
come OF the present financial strain"
81 do not like to guess, for believe
I am a poor guesser. AS far as l can
reasonably conjecture l do not believe
there is reason for great alarm. There
we're causesexisting abroad which, TO a
large extentNorced English and other
holders to dump their investments In
this country upon us. Gold being OF
higher value than silver coin, in
vestment values were carried on
in gold. do not believe
this will continue long. OF course.
bank and other failures have occasioned
financial embarrassments, but the eX'
tent OF these failures is represented By
money still in the country, and with
restoration OF confidence ii will ind It's
way into the business OF the country.
do not believe we will be materially
hurt by an exchange OF gold for invest
ments left with US. II is always oes
TO pay interest on loans to our owl