Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-05-06

! wise. TO take a piece Of paper or piece
! of metal and stamp il as so much
/ money. Gov. Wilson surely has not
/ forgotten how nobly and bravely those
/ few Democrats stood up in the face OF
popular clamor against this undemo-
/ cratic and. as We believe, unconstltu-
/ tional law. He surely has not forgot
/ ten how often we Democrats have
charged the Republican leaders with
packing the Supreme Court OF the
Z United States for the purpose OF up
I holding this law IL is against the
! principle enunciated in this Legal
| Tender law" and from which has
| grown up in this country "Paternal-
| ism" "POpulism" and Socialism TO
such proportions as 70 menace our lib
| ertIes, that President Cleveland and all
sound money Democrats are now con-
tending. and Gov Wilson ought 10 be
with MS instead of on the side OF "a
ternalism' and "POpulism.' There are
A FEW ELEMENTARY PRINCIPLES
in economic science which, it seems 10
me. Gov. Wilson and those Democrats
who think and talk as he does, would
do we'll TO recall and study before in
dulging in adjectives. / apprehehu
| il these gentlemen could be made 10 see
and feel the force of these principles
and whittier the policy leads on Wnlch
our national finances are tending
woul would draw back in hor-
Tor from the policy they are
advocating. because l still be-
lieve they wish we'll 10 the country. i
have already referred TO the first and
most important of these economic prln-
ciples, viz: that no government can
create money
The second is, that all classes OF
society. rich and poor, laborer and en-
ployer. are far better Off with SOUND
and stable currency and financial sys-
tenn than,they are, or possibly can De-
with any of the varieties OF cheap
money. of which we have heard so
much in the past few years.
The third is that no part of the
financial or business world can be bene-
fitted or injured by changes in the
monetary standards Of values without
corresponding injury or benefit to the
other parts
The fourth is that the larger part OF
the business of this country is trans
acted upon credit and that anything
which tends TO disturb credit or 10
| foreshadow disturbances in the none
tary standard of values cripples credit.
IT is A FACT BEYOND DISPUTE
that. in every instance in which the
financial OF business world has been
disturbed by changes or threats OF
| changes in the standard Of values the
sufferers have invariably been the
poor people. and the benehciaries nave
been the rich, simply because the rlch
are able to guard against the approach
of trouble. which they are always
quick 10 scent. while the poor are
powerless 10 take the necessary pre-
cautions. even if they are able to an
ticipate it.
There is existing now In the minds
OF many good citizens the very harm
full delusi0n that our government can
take up a piece Of paper or piece OF
metal and stamp 1t as so much money.
| This pernicious doctrine and harmful
delusiOn is directly traceable to the
passage OF the legal tender law OF
| 1862. which was unanimously opposed
/ by the Democrats. Before the passage
/ Of that pernicious piece Of legislation
/ the people Of this country, under the
teachings of the Democratic party, in
common with all other enlightened
nations of the world, believed that the
only function Of the government re-
garding money was as l have said, to
simply certify TO the weight and
purity Of the metal contained In 1t.
The experience of all civilized nations
have shown this TO be the only sound
view. This view was, however, COM
pletelv upset in the minds Of our peo-
pie by the passage Of this Republican
law and the subsequent decision Of the
Supreme Court. which was said to be
packed for the purpose of making 1t.
| Since the passage Of this law the idea
/ has grown up that anything that the
government may choose to stamp as
money. such as paper, nickel, copper
or silver becomes ipsO factO money for
/ the amount named or stamped upon
/ it's face. As nation we have safely
/ passed through the "Greenback
| Craze" but 1t seems we are not yet on
safe ground. for we now have the
| silver Craze" If our government
can by simply putting its stamp on a
piece of paper
OR A PIECE OF SILVER
make 1t money for the amount stamp
ed on it's face what good reason can
any body give why il should not create
money enough for us all? If our gov
eminent can do this, why should any
! American Citizen work for his living
! If our government is so potential as
this why levy taxes upon the people
| for its support? Why not make all
| the money necessary to pay its eX-
penses? II our government can take
so cents worth Of silver. and stamp it
as worth one dollar. and by its simple
edict maintain it in circulation equal
| i'm value TO all other dollars. will Gov.
Wilson. or some Of the other gentle
men who think and talk as he does, be
good enough 20 tell us why the govern
ment levys taxes upon people for its
support Why not make its own
money 10 defray it's expenses? And if
To can do this with so cents worth of
silver. why not do it with p cents
worth? If dollar made of 80 cents
worth of silver is a good thing for the
people would not dollar made of 25
cents worth be a better thing? If
NOT. why2
Gov Wilson and those who think
with him on this subject offer the
free and unlimited coinage of silver
as the panacea for all of our present
financial ills The people are gravely
told by these people that it will in
stanuy diSpel all the dak clouds which
hang over our present monetary con-
/ lltinr E,,-a,.t- hnIN WIN disc ornns