The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-05-30

| say, II took IL ounces OF BllvOr TO equal
M ounce OF gold, aud thoy wore coined
At that ratio. Tho FREQ coinage people
want tho government TO throw opcn tho
mints TO tho iroO coinage OF silver nj 10
!. Tint Is to say that the government
shall coin all silver into dollars that may
DO ol'erod. II silver was worth nv much
US II was when wo coined It ut IL to |,
thOre would DO no agitation such ns wo
nto having; butt Ia not worth 40 much.
| II IA worth about GO cent, M onnco now
and was worth about 81 20 then, no that
| II the government would throw open
| tho miuls to FREQ coinage At the old ratio
Of 10 to |. then tho dollar that would DO
coined would only havo 80 cents worth
OF silver in II. ana AZ tho proposition is
to coin all silver Offered, the ownoe OF
tho silver would receive dollar coin for
fifty cents worth OF silver.
The question nrisGs would that dollar
circulate and pay debts? 1t would II tho
government agreed to redeem 1t in gold
aud 1t would not (except tho value OF
the silver In IT, uulcss the government
did agree 10 do 30, and II tho govern
mont did agree 10 rOdeem 1t In gold,
tten tho government lin other words
tho people, because the government Is
tho poople), would be giving one dollar
Tor every fifty cents worth OF sIlvor to
the silver ,minu owner. 1t would DO
fairor to pay one dollar for all tho fifty
cent wheat. or ton cents for all tho iivo
cent cotton, because there are more
farmers than mine OWNERS.
II tho government would not agree to
redeem the l6 to silver dollar in gold
then it would circulate on its own
merits, and Us It would really only con-
tain 50 cents worth OF silver, then no
man would exchange his property for
it. except on that basis. II irOe coinage
Of Hilvcr were 10 DO ut n basis OF 81 to |
there would DO no demand for it. The
demand OF the silver owner is for tho
government to give him more value
for it than it has.
The only way that silver can be help.
ed, and we all would like to SEQ our ell.
yer production used and increased in
value, Is TO have an International agree
mont; that is to say, that the principal
nations OF the world should agree TO a
value or ratio and agree TO coin and cir.
culato i; at that ratio or ratio.
The tree coinage people say tina, gold
has grown learer and silver has tho
same value il always had, aud 10 prove
it they point to wheat and say that
when silver was quoted at 81 % an
ounce wheat was worth about dollur
and when silver is about 60 cents an
| ounce, wheat has the same proportion
OF value. about 80 cents. 1t is very
smooth argument and calculated to de-
ceive. They do not mention the fact
that We have been growing moro whoa,
Khan We ever used and tho surplus is
exported to Europe. and that in reccn:
years the East Indies, Russia and the
Argentine Republic have increased the
| production 10 such ~ extent that the
world haI more than it can use and the
law OF supply and demand Gays that
when the supply is greater than the do
maud, the value will decline. They
would il they could. argue that increa.-
| ed value OF corn and meats was also due
10 the alleged decentralization OF silver
in 70.
Tho wheat question will take care OF
itself. We have reached the maximum
OF tho wheat acreage on the country
and there cannot be any increase oX-
ccpt through the irrigation OF our arid
land. and thst will lie slow and will
have no perCcp;iblc effect, and with the
increase OF our population We will soon
reach the point when We will consume
all the wheat that can grow. Then, and
then only. will the price advance.
live had unlimited FREQ coinage of
silver, then the silver OF the world, o.
tlmatcd at four billion dollars would hc
subject to being coined by ia. It would
actually am cunt to our exchanging our
wheat. meats. cotton. etc, at half value.
Ii silver worth on the markc, 81, will
buy two bushels OF wheat and then
when il ia coined il becomes uominailv
two dollars md will buy four bushels,
that means p cent wheat.
1t would be better for the govern ment
to bug all the wheat ut double price.
It is m outrageous state OF affairs
that just na coon as NO have proven that
the Republican partyEwa. right on the
tariff question and the condition favor.
able for return OF prosperity. hero
comes this demand for free courage.
which. ii passed. will throw us back
twenty-five years. JAMES O'NEILL-
Nay 90 1895.