The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-08-16

by a redlscounted paper, and held by
people who We're now clamoring for the
repeal OF the Sherman act,
AT the close Of Mr.. Wolcott's speech,
the Lodge resolution was laid aside
without action, and Mr., Hoor addressed
the senate on Mr.. Vests resolution as
TO bi'metalltsm,
MR.. HoAR SPEAKS.
Mr., Hoar, proceeding to general
discussion Of the question, said that
while men on each side Of the chamber
might differ as to the cause OF the pres
ent financial depression, no hoped that
all could agree upon this remedy. The
Republicans stood ready to hold up the
hands OF the President and restore
that prosperity which the country en-
loyed down to March 4, 1893.
lie had always been u bimetalist, but
1t waa tho bimetalism of Washington
and Jefferson, which recognized gold as
the finer metal and necessarily the
standard OF value. Tho silver to-day,
circulated everywhere as tho money Of
OF the people, and would continue to do
so until time, should be no more, This
august and queenly pair-queenly all
yer and royal gold-woutd retain their
companionship throughout all the ages,
although attimes legislation or specula-
tion might place them one above the
other. II Mr., Cleveland, in his inaug-
ural, had said that no would use all the
power of@the executive to keep every
dollar equal to every other dollar and
that there should be TO interference
with the tariff, this calamity would not
have come. The purchase OF silver un.
der tho act OF 1890 is wasteful and OK.
travagant expenditure OF the public
money We are told by our Democratic
friends OF sound money 10 the eastern
states, We are told by the newspapers
who are the special organs and support
era OF the President, that it is our duty
in this day OF the country'a trouble to
forget party and cooperate with the
President in renewing public con-
fidenCe and restoring q sound cur.
rency They tell US we must
say nothing and do nothing that
will weaken his authority or impair his
Just influence. They tell us we ought
to stand by him in all honest efforts
and all lawful and healthy measures.
The advice is good, We will take it,
When he cries to the Republican party
to lend hand to get him and tho coun.
try outof the morass In which he and
the country are sinking, wo will do it.
We will neither taunt or unbraid him
till he is safe on dry land out Of the
swamp, and not then unless he tries to
plunge the country into another, Now,
let them deal with Us in the same way.
Let them deal out to us the same meas.
ure OF justice they ask for him.
PLACING THE RESPONSIBILITY.
The weight OF this burden is upon the
shoulders of Congress wherc the re.
sponsibility for all legislation rests.
The Presidents duties, as he said when
he accepted his first nomination, are
chiefly executive. He has sent in his
message, and his constitutional relation
to that whole subject is over until We
send him bill. Now, let him and his
organs, do Justice to the mon who
have fought this battle. When he or
they have occasion to discuss our action
in enacLing the law OF 1890, let them
repeat to the people what he said about
the condition OF things from which
that bill cxtricated the country. When
they say that the increase of our silver
under the Sherman act hurts our credit
abroad, let them tell the people that We
should be now purchasing S506,600
worth a month more II tho law which
it repealed were in force.
lido not believe that the great com.
merCiai nations of the world will long
submit to be deprived OF the great ad.
vantages which seems to mo to como
from the use OF both the precious
metals. | look still for an international
agreement upon that subject. II that
shall come, tho relation OF the two
metals to each other will be carefully
reconstdered. Within twenty yeaFs
silver haa been discarded rs measure
OF value in every country Of importance
but Moxico. 1t is not measure oil
value in the United States and has not
been since 1884. There Is no human
probability that 1t will ever be restored
to that function unless some time in tho
future the supply Of gold shall become
subject to great fluctuation and the sup.
ply Of silver become steady. We can.
not provide for such contingencies and
it IL needless to speculate about them.
But am utterly opposed to q declara.
ton that We will never use silver again
as currency or will never again coin Ii
for loyal tender
10 mike such declaration by Con.
gresu, or to adopt such policy would,
in my opinion, arm every agitator and
anarchist and socialist with an almost
irresistible weapon. They would say
that by tho perpetual adoption Of q
single standard tho worlds burden Of
debt would bo constantly growing
heavier, and that the prices Of tho
worlds product weuld gradually aud
constantly be falling, In support Of
this contention they would point not
only to tho opinions OF tho fathers, but
10 the recent utterGncoa OF nearly every
public man OF all parties OF candidates
for the presidency; OF nominating con-
ventions; and, with scarcely an eNcep'
ton, OF every person clothed or likely
to be clothed with legislative authority.
They would point to the fact that even
in England the representatives
OF tho last Tory administration
inclined moro aud moro to
tho bi.metallic standard, prop.
eriy adjusted and to tho policy oil giving
gilVor d sharcin the function assigned
10 tho precious metals, / Isuppose they
adhere to that view now. ! do not bo'
itovo that a policy OF eternal monomet.
allism adopted In time Of panic could
stand. II is enough for tho prosont oC.
caston to say thorc should be no further
coinage OF silver, except by the nnan'
innnna rnnaniit OF commercial nRtiona.