The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-10-24

colning silver. and also that dollar.
would be worth only fifty cents.
| ~ ID not, claimed that silver dollar!
WIZ 70 10 htty cents the day. the mint 4,
thrown, open. but decline gradually,ant
nj first the silver mine owners coujt
evidently make "a large profit. When
BY the coinage OF his bullion. they NM
deprecated to fifty cent?, his pro,il
would cease; 90 Tint at one time ii,
could makega profit, and at ano,he,
time We could. and would have fifty,
three cent dollars. "A little thought
solves Mr. Bryan's dilema. Il. q; NJ
The farmer hopes to profit by d flfty.
threes-ceht dollaryto pay off his mort.
gagp at half s1face. a IN RIM n
liowtwills .thlstWork23 ", u N Wy
N, On the 9Th OF November next. thcre
would be no more silver dollars In cir.
eulation than to-day nor on the Mn
OF March next, since no more could IN
coined until after u free coinage 1 &c,
had been passed. n. NJ r is5 SiT't
suehia Inv could not be passed with.
out the most desperate fight by The
opponents free SILVER. The 'ttiEht
against the Wllson. tariff lasted 'all
summer. ttill August 2S,iilS9i), md VIC
could otsreasonnbly expect this 10 ibu
less determined, or that Tho Bill would
become " law before about Septelnbe,
], next. w N y Is5.I / n - !,
Then 10 coin oil 100000 silver dollars
" replace that number OF gold dollars
driven out of circulation would root,lrs
over eight years. IL the printing plcsy
was resorted 10 hs the Popullsts s,,r.
gest, It would require at the present
rate for treasury notes, on the speclai
paper required therefor, Of 81, $50, o6Of' h
day, over SIX weeks, which would bring
1t to- the middle OF October, and these
could not be Issued I'll $4,000 900 Of
silver had been deposited In the treas.
ury which would require some time.
and brlng 1t to about November / ar
about q year after Mr.. Bryan's election.
Now, as the gold would have been
driven out OF circulation. II Is evident
that until the coinage Bill became n
law, or until September, 1907. Or FOR ten
months after Mr., Bryan's election, NE
would have only. ,two-thirtls ais much
money us now, and at the end OF the
year no more than now. &, - 4
| H Would Cause Suffering Z
During all ofthks terrible year We
would be suffering from such strln-
sency panic, and depreciation OF val
ues, as we have never befdrc seen. ana
the prostration and dry rot following
the panic would continue for several
years afterward. Business ACTIVITY
would not return at once with restored
currency, as credit Is a creature OF
slow growth. 1t took six years to re-
cover from the panic OF 1878, and would
probably require ten years or more ia
recover from this one. NJ 4
With new corn at eighteen cents ia
bushel In Illinois, and fifteen in Kan
sas and Nebraska, and with those
prices to be stu further reduced by the
panic, the enforced idleness OF the la
boring classes, and the. consequently
diminished demand, to from ten 10
fifteen cents a bushel. after the laborer
has been paid and the farmers store
bills settled, how much would be left
for taxes and interest on his mort
gage? And &c he defaults In either will
not the mortgage want his one hun
drcd cents instead Of fifty-threc, and
foreclosec Although foreclosure takes
from one to two years, and would take
Etiil November OF 1887 or 1898, yet as the
effects OF the panic would still contIn-
ue, there could be but one result, the
farmer must lose his farm, and be-
comes q renter. rs 4 2. y
The outcome. therefore, for farmers
IN debt. must inevitably prove dlsas-
trous. ~,
The foregoing are the immediate en-
fects. & % u. I
In from five to ten years hence. after
business and credit weretrcstored, real
estate and labor to-day worth 81 In
gold, would again be worth that, and,
sc silver dollars were worth but fifty
cents in gold. they would be worth So
in silver, Just as they are worth about
81 to-day in silver bullion. But those
silver dollars would not be the silver
dollars of to-day, because not inter-
changeable with gold as ours are. They
would only be worth half as much and
hence be different because deprecated.
AS we'll might they think to profit by
selling their farm or labor for francs
instead OF dollars, because It takes five
francs to make q dollar,and they would
consequently get five times as many OF
them, as that by selling for silver dol
lars, two of which make a gold dollar,
they could make q profit.
All expenses OF living would mean
time have doubled, and as these ad-
vance faster than labor or real estate
(Which always rise last Of all commo-
dIties), even after work was found.
wages would not buy as much as they
do to-day. Hence, after severe suffer-
ing in the start, and after low wages
and high prices for many years, the la
borer would be no better OF in. the end.
And how Would the farmer be bene-
fitted, IL starting in debt, he had in the
process lost his farm2 sos
Mr.. Bryan claims 1t Is inconsistent to
say that free silver coinage will cause
disaster and also that 1t will double
prices.
But a little reflection Will show that
first we would have a panic, which he
admits. and afterwards prices would: be
doubled lin sllver.) 81
In this great disaster capitalists could
save themselves by buying exchange
or foreclosing. The hardships and
misery would fall upon the laborcr, and
those in debt, that Is upon, the mass OF
our people, and make the rich richer,
ard the poor poorer.
Crime and lnwlessness would neces-
sarily Increase, and driven by hunger
and despair become rampant. OK
3 Instead of more money, which Mr..
Bryan promised us, we have seen that
his election means q money famine for
a year and more, and instead OF pros
perityi for the producers OF wealth."
there would be but losses, hardships
and suffering. = }32 II. ~ -
IN. VIEW OF THESE INEVITABLEi
AND MANY OF THEM CONCEDED
CONSEQUENCES OF MR.. BRYAN'S
ELECTION. is ITSWlSE TO PUT
HIM in? s., 81 III 81. ~ Z, y
AN OBJECT LESSON.
4 3 l. 9.4