Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1895-01-27

New YORK, January 26.-Ths Demo
cratic Club was filled tonight With
many prominent Democrats 70 enjoy
dinner and hear, among other speakers.
Senator David B. Hill. There were
prominent persons present President
John Fox presided and introduced SEN
ator Hill. who said:
The country is now confronted witba
steadily growing deficit in the treasury,
occasioned by failure OF the recent
fiscal legislation to produce the nece,-
sary re venues for the needs OF tho gov
ernment. Iii hoped that tdis GhcuItY
will prove but temporary. Bul what
Is TO be done in the interim. How is
the creditof the government % be MAIN
tained and It's liabilities llQu.dated?
The only alternative pr"1euted IS tne
securing of needful funds by borrowing.
Explicit and uDQueStioned authority
for the purpose should be granted by
this Congress al once.
The spectacle should no longer ba
presented OF Democratic admlnlstra-
tiou appealing to a Democratic Congress
for necessary legislation 10 secure funds
to carry on the government during .
temporary emergency, aud
THAT APPEAL MADE IL VAIN.
Why should we put unnecessary oDSta-
cles 10 the way OF our successful admin
istration OF the government or wait,
falter, hagRle, or co nothiuC-aud turn
over Democratic administration to the
tender mercies OF incoming Republican
Congress for reliei? Sach 4 course
from party stand point Is suicidal de-
moraliZing, uDpstrlotlc.
Whether the moneys necessary TO he
borrowed should 6e raised upon bonds,
excheQuer notes, certificates OF indeOt-
edness or other means which are usual
or which may DO devised, Is mere
matter of detail.
No hostility % tha present afmi q :
, tratlon, no political grley&Ece', aud
factional differences should be- PERM
ted TO retard immediate legislation so
indispensable at this time for he main
tsnaace of the credit aud honor Oi thd
government.
To arbitrarily refuse such action
now, un less some legislation Tor sIVer
shall precede, accom- pauy or support 10
and thereby compel tho ealing OF an
extra session OF Republican Congress-
is the heightb of political folly only
equaled bY the opposition to the re
peal of the Republican Sherman law IN
1899 and the foistlng Of the Populiss Ia
come tax upon the country In 1874
The establishment Of permanent
monetary system adequate Tor
THE NEEDS OF THE COUNTRY,
seems TO be urgently demanded. we
do not forget the fact that the Demo-
cratic marty is oy tradition and Interest
the hard money party, the party lna'
believes IN the money 81 our l4lueI''
the money Of the constitution.
10 the carrying out Of this poIIcy mo
gradual retirement aud eXtinRuiShmeht
OF the United States notes commonly
known as "greenbackS' is an important
if not the first step IN the risut dirrc-
tlon. They are not money ACCORDING
10 the Democratic idea, tut cniy cur
renew" redeemable In nard money
They are a debt against the government
which should be paid and cancelled
In the absence Of sufficient gold 10
redeem these greeubacks as they are
presented, tne Government is emoaI-
rassed. M,
There is no time to be lost The
moneys necessary FOR their payment
and extiuguishment can Ds supplied
through popular loan, wito Io" 'n'ef'
est aud long time security. 10 is q ou''-
ness question and IL must be soiYeI AZ
cordipg TO bushes principles.
In any event ! see DO objections u
the suggestion OF the New York Cham
Der of Commerce for The appointment Ot
monetary commission composer Vi
men OF exper.encein financial a.
fairs, men yessed in mons'4i'
science and also pGact.ca ''.H
having no SCI fish interest 70 serve a to''-
mission representing all phases oil '"'
financial question 10 when me cou'''f
will nave confidence, O. report 10 ."'
next Congress couprebeus.ye system
OF national fnance. IL az least can D'
no harm; IL may be productive oi inl'"
mad