The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1895-03-20

BELLFoNrAINE, o., Feb. 26, So.
The Commercial Gazette is one OF
the great dailies of this country
From the time of the illustrious
Charles Hammond, once its editor,
it has been "power in the land y
and generally for good. | begin to
fear it is leaning little too strong
ly towards gold monometallism.
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There are three kinds of fanatics
on the subject of q medium of ex-
changes" one believes in fiat paper
money, another in gold, and a third
in silver recommendation. Financial
history proves the fallacy and dis
honesty of fat paper currency
The free and unlimited coinage OF
of silver, open to all the silver of
the world would, under present
conditions, speedily drive gold out
of this country and make silver our
our only coin money. Those who
favor this are silver fanatics.
Gold fanatics are those who de.
sire ermanently to demonetize
silver as money of ultimate redemp
ton. They have nearly succeeded
in their conspiracy. Silver is now
demonetized. True, it is a legal
tender, just as greenbacks are, but
not money of ultimate redemption.
By law it is exchangeable for silver
certificates, these, by the usage of
the Treasury Department are re.
deemable in gold coin.
The absolute demonstration of
silver by England, and some other
nations, including our own, has
deprecated the commercial value
of silver bullion, so that the silver
in a coined dollar is only of the gold
value of so cents or a little less.
The result of this has been to APP.
preciate the commercial value of
gold, increase its purchasing power
all of 40 per cent, and just to the same
extent depreciate the selling or
commercial value of lands, farm
products, &c. Then the untold
hundreds of millions of dollars of
Indebtedness incurred ten years ago
for that matter five years-has
been nearly doubled in value to the
creditors, and the burden TO the
debtors has been increased in like
proportion.
This process had a dishonest pur-
pose; it is dishonest in its effect. 1t
is just as dishonest as it would be
to increase the yard stick to four
feet in length, and require a party
who agreed to deliver thousand
yards OF cloth of three feet each to
deliver a thousand yards of four
feet each.
am in favor of preserving Ma.
tional faith-I am in favor of pay
ing all Indebtedness, National, State,
County, city, village and individual,
in the "best money" The best
money is honest money. The gold
dollar now is dishonest money-it
is a hundred and forty cent dollar
The silver dollar, commercially
considered, and as money of ulti-
mate redemption, has been so dis
honored by the gold conspiracy that
it has ceased to occupy its normal
position. 1t is not money at all;
nothing is money that has to be
redeemed in gold The honest coin
money consists of both gold and
silver on a fair ratio. Gold needs
depreciating and silver needs appre-
ciating; they should "meet upon a
level and part on the square," they
can be made to do this. Let the
President or Congress call an inter
national congress for the bimetallic
nations-leave England and the
other mono gold nations out-agree
upon an honest ratio between gold
and silver, and then let the unlimit-
ed coinage of both metals come, at
least to the extent of all produced
by our own miners. Then the
demand thus made for silver will
appreciate its value, and the in
creased money supply will secure
for gold its honest parity with sill
yer, or rather there will come an
honest parity between the two
metals which agree in international
conference.
AS to those mono gold nations
which will not go into the confer.
ence, and will not accept silver, the
nations should impose such increas
ing discriminating duties upon their
commodities as to exclude them
from the bimetallic nations. The
bimetallic nations outnumber the
gold nations in population, wealth
resources and productive capacity
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