The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-04-16

CHICAGO. April l5.-Mr. W. II.
Harvey, chairman OF tho executive
committee Of the Bi.me.allic League,
whose headquarters arc in Chicago,
prepared to-day tho following roply to
President CleveIand's lotter to tho Chi.
cago committee OF business mon:
Cu,cAGo, April 10, 1895.
To HJ Ettelteney Gr0r1 ciept,dnd, PrtIidem
WdIhiHoioH, D. {,
DEAR SlI:-lu reply to your lettor
addressed to committee OF business
men of this city, we wish to say that
the committee that waited on you and
the persons who attached their names
to tho petition such committee pre-.
sen.ed, did not represent majority OF
tho business men and ci.izons OF this
city who take n deep interes, in the
welfare OF this republic. They rep
resented that class that owns money
and securities payable in money.dxcd
incomes.
We respectfully submit TIM, your let
ter docs not present tho true merits Of
this controversy. You call tho atteu-
ton OF farmers and wage.carncry to tho
fac. that rising pricos. whilo enabling
them to sell their products aud labor At
higher price, will also cau,e them to
pay equally more tor what they may
purchase, but you neglect to say that
your statement isnotapplicabet is 10 debts
With prices coming down regularly and
steadily since the domone,ization OF
silver. our merchants. manufacturers
and the people generally have been do
ing business on falling market and so
that the time intervening between the
purchase Of their merchandise or raw
material aud placingit months after on
the market has removed the margin they
would otherwise have made. This shrink.
age in values, added to tho ordinary
risk and expense OF business has led to
an ever-increasing volume Of debt-to a
money lending period, until it has in.
creased. all told. public and private, to
about forty billion Of dollars. or about
two.thirds OF tho total value OF the pro-
perty in the United States. Money.
and those debts payable in money have
been steadily increasing in ex.
changcable valuo with the prop
erty OF the people We have
constantly pointed the people to the
ever increasing chaugeable value
OF the creditors dollar and to the reason
why 1t was increasing, but tho influence
OF these creditors have dominated your
administration and you in,is, on such
q currency rs they have established as
sound currency. 1t means the con-
tisca.;on OF the property OF the people
by the sale OF property under mort.
cages. Judgments and executions.
Is it an injustice to restore prices so
that people can exchange their proper.
ty for sufficient number OF dollars to
pay their debts and bring the value OF
money by demonitization OF silver and
the establishment OF a singie gold
standard? II is not more money tina.
wo want 10 borrow, but to pay oil what
We already owe. Tho more we borrow
the more We must pay, and tho annual
interest on all our public aud private
debts 10 now more than tho annual
profits OF business and production.
Where will it end?
Our ioreia,hers fled from Europe and
established government here that ihoy
might be froe from tho class legislation
OF those nations where the masses are
hewers OF wood and drawers oil water
for tho rich and few who control the
nw.makiug power countries that we
Justly term plutocracies; and ye, it Is
now being seriously insisted upon
that We must adop. and con-
tinun tho most pern!cious class
legislation that tho monarchies OF
Europe havc ever fastened upon their
hclploas people. BY adopting their
policy we have increased tho demand
lo- gold and its cxchangeable valuo and
all money based thereon, with all other
property. Wo have aided in tho adop.
ton OF singlc motal for primary money,
that they can control and cornor-tha.
they have cornercd-Rnd forced you TO
20 to them TO got 1t nt their own prico,
to sustain tho credit Of this great
and resourceiul nation. We submit
that this policy should DO aban.
doned and our mints again thrown open
" aiINci kha tiug h'o INV W RuiuJ anu
our Etocl; OF primary money increased
thereby. Tho gentlemen who visited
you. and who pv,i,ionod you. represent
only ono class Of our pcoplo; we ru.
spccttully submit that it VIVA safer that
all tho people should do tho thinking
than that any ono class should do 1t for
thom.
We ngroo with you that It Is tmo for
tho people to reason toy0lhur. mud TO
.hnt ond wS respectfully ask you to
make it possible for them 10 got
printed copies Of tho act OF 1892
on which our foroiathdrH basod our
financial Bystcm and all subsequent
acts, together with tho Nct OF 1878 that
rovoraod tho formor policy and
acts subsequent thereto, ~ well as all
statistical and Other Information OF
an uuuul nature that Washington
bearg thoroon. We but express your
own opinion rs President Of tho pco-
plc, when wo say that all tho people
should havn tho opportunity to invo.ti-
gnlc and iut0ligen,ly pnBs upon this
QucatiOn, Respectfully,
", II. HARVEY,
Chairman Di.mo,allic Executive Com.
mit,ec. "