Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-08-29

OOln. and tn n says it follows that wool
will be SOC. per pound, but as We cannot
leg.slete values for o. her countries wool
viii remain at 15c. in the markets OF
London. Telegraph 10 London, South
Africa ana Australia, flash the news
under the seas, wool soc. in Am RIGA.
Take your telescope and position upon
the Atlantic and Pacific coasts, and
within ten days see q thousand vessels
touching the seas horizon, loaded with
wool on the way 10 dump it on cur
shores"
Did you notice that eloquence was
based upon assumption? Take away
the assumption and leave no fac, in Us
stead, and where is Weems and his
logic? The advocates OF silver DO not
say what he assumes they say; but they
do say with free silver and gold, all
our money primary and money Of final
redemption, beyond the power of gold
kings 10 corner Il, that money Will so
out into the channels of trade, the debt
or viii pay the creditor, the creditor in
turn will seek other investments, and
so it will so until everybody vii feel its
benehcienJ effects. That is followed
with increased ability 10 buy, that will
bring in succession demand and con-
sumption. While all this is going on,
will prices not steadily advance?
There was time when wool sold for
soc. here. Let us ask Mr. Weems why
he did not telegraph it abroad. Tha.
was previous TO the time when the full
scope Of characterization became known,
as Per the famous order Of Secretary
Fos,er and the Mckinley bill. D0n't
for goodness SAKE answer by saying
that the price was held up by the duty
on .L. for the people know too well wool
became almost as cheap under the Nc
Kin,ey dill as it is to-day. Another
thing that is mes, emphatic against
Mr.. WHms Does be know that the
purchasing power Of a gold dollar is
net uniform the world over? In many
things The purchasing power of the Mex
lean dollar ia Mexico is almost the s8mo
as the gold dollar in Germany The
gold dollar in England and Germany is
twice and three TINES respectively the
purchasing power Of the same dollar in
America.
What w need IS confidence, says
Weems. And he predicts that viii come
with the events in the ides Of Novem-
bcr-ant.cipaJing NcKiniey's election.
In the name CT goodness. how would
that bring any change? The head OF the
prea-nt administration was gold
standard man before Mckinley knew
what Hanna would max OF him. What
d,Gareat from the present 90 they
premise U-? Read their platform, ask
their orators: where is the answer? l.
Cleveland. firm as q rock. will but bring
confidence to tn money changers, how
aye they gong TO find consolation in
Mckinley. who has been on all sides
and whose party platform promises no
change. unless it is free silver when
England will cons Mt They make a
feint 20 saying chat by re-establish!ng
the Mckinley bin they can enlarge the
revenues and that VIII ill the treasury
with gold. and tina. in turn viii es,ab-
UsA conld-nca. WEI &c? Let us see.
DO you know any of cur money may be
used I'm paving duties except national
bank notes? Are Jhey paying now with
god? II the revenue was a thousand
times more, would they pay with gold?
A law once existed making duties pay
able in gold only. The sold sharks get
IN their work and il was repealed
There is no remedy in Jhat, and if there
were @ Mckinley administration could
do nothing in@ha; direction, for the ST.
ver fellows will hold the balance OF
power IN the senate. Mckinley, under
q
money is good enough; viii have TO
maintain our national credit just as
Cleveland has. by the frequent sale Of
bonds How long can that be done?
He says We have plenty of money. The
great trouble is that only $500, GOO, GOO OF
our money is money. and only that
amount has the confidence Of the great
money kings of the world, who control
IL and who know what final redemp-
tion money is.
What business have We with nine
kinds of money and eight Of that purely
credit money. Has another country
such q nedley of money. Plenty CT
mcney-whcre is It? Did any Of Mr.
Weems hearers have it in their pockets?
S'nce 1892. to January J. 1885. we
coined from gold 81, 732.552. 922 and from
silver S681. 909.61915. The silver IS with
us yet. EXCEPT the trade dollars taken
in. and they have been redeemed. OF
the gold we have S556.100.SiS. Where
IS the rest Of it? We may find some OF
it here. The treasures and banks hold;
Dee. 81, 80. 1896.
France . s225. 100000 $4OS, 100000
Cg-ranv 900 1874 100000
Ars.r.a .. 27.OOO.OoO 195,SOO,OOO
rnq,snl -. III. 100000 2344OO,00O
Russ,q 221 100000 SO, 100000
It looks as if these countries are col
Letting rare and julicious CONS. No
tic lhat France. free silver country,
stands second in her gold possession, and
vet thew tell us free silver viii drive
go'd ou- Our per capita circulation,
according to the treasury report n May,
!