Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1895-10-16
Monetary.

CHARLES TowN, w. VA, Sept %, 'S5.
w. w. b. GALLAHER. ESQ,
Dear Sir: While many are expressing
their opinions on the financial affairs Of the
country, | have thought of the following
plan that if adopted, would bring necessary
reiiet to the government, and avoid the ne
ces-iy for a further issue of bonds.
Let the good men of both parties unite
and agree upon non partisan bill and make
it law in effect as fellows:
lst, That when coin Is demanded of the
government in paving its obligations, that
all payments shall be made in gold and sill
yer coin in equal parts. one hall in gold and
one.half in silver, with this restriction, that
if before the close of any month FIVE mil
lions in gold has been paid out, then further
payment in gold for that month shall cease
and silver and paper currency alone be paid
IN all demands until the beginning of the
following month. This would cause the
drainage of gold from the treasury to cease
2nd Then by taking the present annual
output of gold at sixty FIVE millions in round
numbers. we can have the free coinage OF
both gold and silver in this way.
IHl the Thlln lot SllNtT ut Unforeseen " nv
for l. it, marketable value. (it will hardly
varv from this for manv years. and let five
or five and half millions of gold and the
same amount of silver be coined in each
month, but the amount Of silver not 10 ex-
ceed the amount of gold coined in anv one
month. This would make a parity of the
metals and encourage the mining of both
gold and silver. ! believe that the enact
ment Of a measure in effect As above stated
would please all classes Of our people; that
there would return an era of good feeling
and unusual prosperity to the country that
would he Of long duration. and the people
NAV obtain the passage of such n law thr0'
petitions to their representatives, in every
section of the country.
Most respectfully.
A. G.. WYNKoOP.
Mr.. Wynknop is not unknown in the con
sideration cf weghty matters. He
originated the plan in Virginia in 1880 lhe
being at that time a resident of Woodstock
Va that caused the bringing together Of
the regular State Democratic committee
and the Independent Readjuster Democratic
committee Both had at that time placed
in the field tickets for the election of ] |
electors for the State Of VirginiB The l
electors on the regnlar Democrltic tickets
stated they were for Hancock and English
The independent Democratic ticket was for
II electors whose votes. should they be elect
ed. might be cast for whom they thought
best. This condition of affairs gave the
Republicans a winning chance Of eecting
their electoral ticket Mr. Wyukoop sug-
gested that a mass meeting be assembled in
Woodstock for Shenandoah county July 81.
1880, that good Democrats of both factions
attend and unite in petitions to their re-
spectiYe committees to take six electors of
their ticket leaving five on each ticket; and
that the eleventh elector be selected by the
National Democratic committee of the Uni
ted States, in order that the solid Democrat
ic vote of Virginia might be cast for Han
cock and English A mass meeting was held
and petitions were signed by the voters Of
both factions aud mailed to their respective
committees. Other counties 10 The State
took it up, and the committees were finally
brought together in Richmond. The regu
lar Democratic committee submitted to the
Readjuster committee Their willingness to
comply with the terms in the petitions rub
mitted to them, when the Readju-ter com.
a -
Malone, who was stealthily leading them
into the Republican, part. fatty refused to
concur. This made known, at once put all
true Democrats on their guard, aud resulted
ia victory for the eleven electors on the reg
ular Democratic ticket by "a majority vote,
they receiving more votes than the Repub
lican electors and the Readjuster electors
received on both Of their tickets.