Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-07-07
WEST VIRGINIA.
Parkersburg Business Men Want the
sherman Law Repealed.

E1EkCEbOuEb AS9eAnoee @-@C@
sherman Law Repealed.
PARKERsBUKe, w. VA, July 6.-The
representative OF The Sun has inter-
viewed a number of the prominent
citizens of Parkersburg on the imam
cial situation, with the following result:
H. C. Jackson, democrat, largest
wholesale grocer in the section: Il am
strongly OF the opinion that
the only remedy for our financial trou-
bles is the repeal Of the Sherman law.
am unable TO see how debtor nation
like this can keep in use circulating
medium which lie OF no avail TO pay It's
debts TO those OF its creditors to whose
good will and financial backing In the
past it is largely indebted for any
measure OF prosperity it has attained,
and who have served notice tnat
they will not accept the medium In
question in payment OF debts due them.
Congress should act at once In the mat
ter when its meets In order to relieve
the tension. If not there will be
great deal of suffering among the labor
ing classes and large and steadily In
creasing mum Der OF failures, due to the
contraction OF credits and business oper-
ations, which oil banks and business
men generally will find 1t necessary 10
enforce in their operations, in view OF
the financial situation.
R. l.. Neal, Democrat, wholesale
hardware: "In my judgment the things
necessary to bring about restoration
of the confidence in business through
out the country are:
"First-A repeal of the Sherman act
requiring the government to purchase
monthly silver bullion, and an interna-
tional agreement for the use OF silver as
money.
"Second-A repeal OF the present In
iouitous tariff and the enactment or a
tariff for revenue in its stead"
Col. Wellington Vrooman, Republi-
can, fnancier: Let the present parity
value of silver and gold remain and es-
tablish free coinage OF all silver pro-
duced in this country, and let 1t be le-
gal tender for all debts of this country
upon the present relative value. This
is new country. We can arm, equip
and pay our soldiers with silver, man
our war vessels with silver and can pro-
duce all we eat and wear and pay for 1t
i'm silver. This will give US strong
position with the nations OF the earth. "
H II. Moss, Republican, cashier OF
the First National Bank: II am lii IA
yor Of the repeal Of the Sherman act
with a substitute that would tend to the
RECOMMENDATION of silver. As an aid to
the increase of the circulating medium
| think that the taking of OF the tax
on circulation would be wise provision,
and also allowing the banks to have a
circulation to the amount OF their de-
posits of bonds.
AZ am of the opinion that Congress
should do everything In its power to
sustain silver, as double standard OF
money should prevail In this country"
Ex-Gov. j. b. Jackson, Democrat,
lawyer and financier:
"First-I favor the repeal Of the Sher-
man act.
"Second-The removal Of the tax on
State Banks.
.'Third-That all silver bullion now
in the United States treasury be sold for
gold and the proceeds turned into the
treasury.
"Fourth-No silver to be coined into
money except the subsidiary coin, as the
wants Of the country may require, for
the period Of ten years."
George w. Thompson, Democrat,
President of the Ohio River Railroad:
81 am in favor OF the immediute repeal
OF the Sherman law, but do not believe
in destroying the value OF silver. Con-
gress should at the earliest possible mo-
ment adopt some measure for the relief
of the financial stress-a measure that
would restore confidence In the coun-
try"
w. H. Smith, Jr., Republican, Mayor
and wholesale hardware: "In reply to
your question as to the advlsabllity OF
Congress passing an act repeating the
silver purchase act, known as the Sher-
man silver bill, will say that l am de-
cidedly in favor of the repeal OF this
law. I believe the double standard
should be maintained and gold and sill
YER be used as a basis for our circnla-
ton; that silver should be brought up
to level OF gold by changing the ratio
and putting dollars worth OF silver at
the present market value into the sill
yea dollar. am opposed to the repeal
OF the act imposing tax OF 10 per cent
on State bank circulation"