The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-04-24
G1ttd!iQemea
wrrEELING, ArluL 81. 1900.



Mr.. Eekels, tho lucky blundOr Of this
administration. has not only been doing
vol since ho became comptroller OF tho
currency, He has been talking n great
deal OF hard common sense. III his re-
cont talk to the Now York bankers ho
uttered some thoughts which have all
the greater merit because they are not
now and are backed up by the worlds
experience. This much Mt loast Of the
remarks OF tho comptroller Of tho cur
rcncy should DO road thouShtiully and
passed around:
There Gre o " things that ought 10 be above
and beyond the paeh Ot party clSror or politi.
cal ambition, and hrSi OF these l coua; the
MONETARY a Of the country. Beyopd all other
things nations, which AM truly great and
which best bless thctf people, preserve the in
tcSritg OF their credit and hold In sacred esteem
the absolute and nnQuSsuoncd Soundness o, the
money which bears governmental sanction To
impair that credit or chcapcn the valuc Of that
money Is In governments that unHArdorAhls sin
Which IN the nature OF its operation naI0ts the
sevc7ssI penalty upon the people, whose rights
they ART bound To shield from assault
unwiso nrIueial legislation always In the end
tails upon tho mass Of the people aud brings
upon them the reatcst rpiG. It may DO loucGe-
feteed; but tho history Of tho operation Of every
hSd law upon tho subject Of the currrrcy OF the
country proves the truth Of the assertion. The
American people cannon n:.Ond a cheap or in
Icrior currency, whether Il b. Of metal or Of
pSpcr, They clnuot successfully lUc&lIe the
operations offs financial law, and that too, IN
dctiSuec VI the financial operations Of every pro.
g;rSSive and ciyiliEed nation. The inevitable
erect Of sach legislation lnaSI he to disturb and
inJnN uus cnmulcFciAl relations 81 homo and
abJOSd, AZ home, by nckleSSly Initiating OF our
currency abruSi by disturbing Il possibly
ruIuiuS our nd We cdGucI iSolSte the upi-
led States from tho FcS; OF the world. nor would
itbe desirable II We could. To 60 80 would he
10 commit commercial suicide. The Interests Of
this ceoplc an 50 iuicrtwiIcd with the Interests
OF other that INN force Of the Law of seli'pre'
ScrvAtiou We must conform our financial laws 20
the laws that govern the worlds tT9IS, O. Clsc
fAl behind IN Tho Iaec inr wealth, The none
tarS standard which WI should maintain ouSht
TO he the very highest the world Knows, so thai
whSrsNEr an American EiaS b, the dollar which
his SOvSraMcnt has Issued o. authorized shall
be styca iul faith anu ceSdts the world over.
OF all the good things said here not
oneis tEuer thar that bad financial les
islation rests most heavily and with alb
solute certainty on tho masses. This
law is as memorable in its operation as
the hoWins oil the rivers to the sea- II
is not to be modified by ignorance or
the wiles OF The denaccsue.
An uusound financial system, inieric,
money, no matter how radiant the
promise in the beginning is a. the last
most hrr.ipl 10 those who have the
least This being the experience OF all
the world in all the ages, it is strange
that any sane person eau be so is, de-
luded Us to bellows tina; this country
and this tina will prove an exception,
The comptroller OF tho currency csn-
not tel the people too otten that the
monetary standard which VIC should
maintain ouch: TO be the very highest
the world knows" Capital may fad a
way 10 se. profit Oh, OF = bad monetary
system, hu: the earning masses anu
The better the system, the bette, the
dellas, :he better the earnings for the
days work snd the moro secure the
savings which every prudent msa Will
Thy &c make