The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-10-05

sia,e executive committee to-day, Of
which A. W. Thurman Is president and
". A. Taylor secretary. issued an adj
dress to the voters Of Ohio to the effect
that tarif reform has won, and that
the money question is now the supreme
issue before the country.
Theaddress contains aboutS, 400 words,
and is understood to have been pre-
pared by Mr.. Thurman. It says, among
other things:
Fist-That money Is the standard by
which the exchangeable value Of all Ia.
Dor and the product Of the same are dc.
termined.
second-That no money standard ever
has nor ever can be fixed aud unyary.
ing measure.
Third-Business men must remember
that money may be appreciated in val
ne as we'll as deprecated.
Pourth-That when II appreciates,
prices fall. When It depreciates, prices
rise. >.
Fiith-That the value Of money itself
10 fixed by its exchangeable or purchas.
ing power over other commodities, and
this purchasing power OF money Is de-
termined wholly and solely by the pro-
portion that the quantity Of money In
circulation bears 10 other commodi-
ties.
Sixth-Now what Is the demand for
money! II Is the demand Of all things
upon this one thing.
seventh-Now what is the supply ?
The supply Is the creation solely Of the
government, as nothing Is money until
the stamp Of the government Is placed
upon II.
Eighth-Prior TO the dem onetization
Of silver in 1878, gold and silver was the
standard money. Since then IL has been
gold.
Tenth-That there has been no over
production OF silver; because, for four
hundred years prior to 1873, the rela-
tive production OF gold and silver was
not quite 10 Of silver to Of gold, and
for the twenty years since 1873, 1t has
not exceeded 16 to1.
silver does not mean any sudden intia-
ton and sudden disturbance Of values.
This is 80, because 1t is an utter impos-
sibility 10 produce the precious metals
faster than they can be absorbed for
money purposes. The increase in pop
ulation OF the world during the last
twenty-five years has been two hundred
millions.
Twelfth-That the gold standard was
imposed and continues to be imposed
upon the people Of the United States by
England. In speaking OF this, Senator
Cameron, OF Pennsylvania, said: "Yet
the bankers OF London have said that
We must submit and we have SUBJ
mitted."
Thirteenth-That there never has In
the world been such thing as inter
national money and in all probability
never will be.
Fourteenth-That there is not sin-
Gle Obligation Of the United States gov
eminent, other than old certificates,
that is not, by the explicit terms Of the
contract, payable In either gold or sill.
yer; aud we demand Of the servants Of
the people that they administer the
laws according to the terms OF that con.
tract Who eau say this Is not right2
Fifteenth-That gold alone does not
afford sufficient basis.
Sixteenth-The advocates OF the sin.
gle gold standard claim that only gold
can make an honest dollar. According
TO them, then, as we have shown that
gold has continually appreciated In
value for twenty years, dollar is only
honest when it Is increasing in pur-
chasing power.
seventeenth-Again, the gold advo-
Gates saw, that one dollar must be as
good as another, but they do not define
what goodness means. Ia not q Just
dollar a good dollar? Is not dollar OF
unchanging value a good dollar2 Has
the gold dollar been unchanging in
yalue2 In 1878, before silver was de-
monetized, this same gold dollar was
worth 8 per cent loss than the silver
dollar; that same silver dollar will pur-
chase Just as much OF every other COM
modify now as In would prior TO 1878.
Representatives coinage is not an
experiment, out SO far as the single gold
standard has gone it has been most
disastrous one.
Nineteenth-With tho dollar depre.
ciating in value as 1t is now doing, there.
by causing decrease In the price OF all
products, Taxpayers arc compelled to
give more labor or tho products OF moro
labor TO obtain these dollars, the only
thing with which thoy can discharge
nil state. county aud municipal taxes,
ali OF which arc fixed charges. There
fore. to decrease the price Of products
is TO increase taxes.
Observation-Disclosures falling prices
must annihilate profits, without which
all industry must DO paralyzed; causes
money to accumulate in money circles
where it Is principally used BY those
who gamble In securities, instead OF be-
ing used in productive enterprises. =,
Twenty.hrst-If business men could
only be assured that prices had once
touched bottom, and that oven as low
as thoy are now, they would remain
steady and stable in tho future, then 1t
might be possible for them TO conduct
their business upon stable footing, Tor
after a general REIMBURSEMENT, matters
would 90 aiong as usual. This, though,
can only BIO done upon condition that
prices have reached their lowest level
md can be counted upon to remain
steady in the future. II the conditions,
though, remain Us they are, not only ask
Yourselves when tho decline will stop,
hut how, Il money keeps thus appreci'
ating in value, Is 1t possible for 1t to
stop. !.
not for one moment hesitate to abso-
lutoIy affirm that no matter whether
We have high tariff, low tariff, or no
10 r.. a. all tharo cnn ha no parma.