The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-29

carners. representing ] do not know
what proportion. hut very much the
largest proportion OF the people Of this
country, and II there Is to be any dis
tinctlOn To be made between the Inter
rsts Of classes on this question Of good
money, their interests are InCompHrably
more nj Issue than those OF other peO-
pie. The bankers and members Of cor
poratlOns are referred 10 by the silver
advocates. ns the rich, and those who
are actually that can take care OF
themselves through any panic or de-
preston the country may suffer. Their
prosperity Is Identical with yours and
depends on yours. but there Ia that
distinction that they can take care OF
themselves, when the workers who
have not saved money land II they
have they are to that extent capital
lstS), cannot.
What Sonnd Money Means.
az have been trying TO negative one
side OF this question, and am glad
now TO arrive at a point where l can
affirm the other. II repeat something
that has already been stated. remem,
Der that. In my estimation. II is the
truth and will bear endless repetition.
| have repeated TO you what the silver
candidate stated the continuance Of the
present financial standard OF this
country meant. think you and
know as much what Il means as he
does II won't mean that the govern
mcnt IS to be run by syndicaics. us h.
states, but that It VIII be controlled. by
the people and on the lines of the pol
ley that since that dreadful 1873 paid
tw5-thirls OF the great war debt. that
increased the valuation OF property
from $4,000 100000 In 1850 10 $55.0OO.-
100000 in 1850. giving employment to
100000 factory hands and paying them
$2."S2. 900. 600 as against 2.10Q,00U hands
employed in 1850. whose earnings
amount to $9i7 100000. 1t won't mean
the further Issue OF bonds. for 1t Will
return US 10 the policy OF producing
revenue 10 meet the requirements OF
government. II Will mean the return
10 the policy under which railroads
were built up from 5000 miles in 1870
10 $4,000 miles In 1890: and frriGhts on
grain by lake and rail- from Chicago to
New York were reduced from an aver
age OF twenty-sIx md nineteenth
cents In 1919 to SIX and nineteenth
cents In 1895. reduction OF zoe per
bushal. 1T WILL MEAN THE RES
~
TIL: BUSINESS WORLD. FREEING
TIE MONEY THAT HAS BEEN
HOARDED BECAUSE OF THE
THREAT OF FREE SILVER. THE
STARTING OF OLD ENTERPRISES
THAT HAVE BEEN IDLE OR PART
LY IDLE. AND THE BUILDING OF
NEW ONES. THE EMPLOYMENT
OF ALL THOSE WHO WANT TO
WORK. 1t will prove that, MS in 1859
10 1892 there was abundant money
easily obtained at low rates OF interest.
the present standard will afford cir
CulatiOn entirely sufficient TO take care
OF all the business the country can do
under the most prosperous conditions.
Now let us consider the other side.
WHAT DOES THE FREE COINAGE
OF SILVER MEAN? \ PERIOD OF
UNCERTAINTY AND D1STRUST:
THE GSSETTLING OF THE BASIS
ON WIIICE UNCOMPLETED TRANS
ACTIONS WERE MADE: THE WATT
ING OF SOME SURE BASIS OF CAL
CtLATIONS TO JUSTIFY NEW RUS
MESS: FORCED LIQUIDATION OF
FAILURES AND DISTRESS THAT
MUST FOLLOW. The anticipation Of
of these results. caused the present de-
preston. the difficulty In borrowing
money for legitimate uses. and conEc-
du"ntly many. business failures: It
caused stoppnEcs OF new work, the re-
luGtlon OF stocks of materials and pro-
ducts TO the lowest possible state, and
through these influences THE HARD
TIMES UNDER WHICH YOU HAVE
hEEN WORKING ONE-HALF. ONE
THIRD OR ONE-Qt'ARTER TIME.
THE iron business In the gold stand
ard countries on the other side Of the
water has Improved. the market for
material has advanced: the tInplntr
makers complain az Inability to get bars
on account Of the demand for Steel In
other forms. WE ARE NOT ACCuS-
TONED IN AMERICA TO CONDI-
TONS THAT WILL AFFORD MORE
STEADY EMPLOYMENT IN OTHER
COUNTRIES THAN OUR OWN. AND
THEY ARE ONLY CHAGEABLE IN
MY OPINION TO THE AGITATION
OF FREE SILVER WITH Us. In this
connection ! Will attribute some I'M
pr0veIntnt IN business. an easier money
market, and n little better demand for
cnrly shipment that think Is noticeable
and the undouhtcd disposition Of buyers
to order for their requirements into the
next year. TO TIE GROWING FEEL
ING or CONFIDENCE IN TIE EN-
PIiATlC DEFEAT OF THE FREE
COINAGE PARTY, AND \ REVIVAL
OF BUSINESS LATER. We are equal
y With tho company interested In the
ruil resumption 1T ihcsr works, hut we
have another interest the company may
t"i ruliy shlrH. and 1t IL the character
nf money we are to be paid, or practical
'ly the amount OF our wages for they are
one and the same thing. am not going
10 make n long story of It. It qccms to
me, as ! think 1t win with yOu. 4 VERY
SIMPLE PROPOSITION THAT IL
THE STANDARD OF OtIR MONEY
Is MADE SILVER THE COMPANY'S
PAY ROLLS WILL SHOW THE
SAME FIGURES rs OTHERWISE,
YOUR PAY ENVELOPES Will RI
ENDORSED WITH THE SAME
AMOUNTS AND THEIR CONTENTS
Will. BE PAPER MONEY FOR THE
LARGER AMOUNTS AS NOW, BIT
THE DOLLARS REPRESENTED
WILL BE ACKNOWLEDGEMENTS
WILL BE WORSE THAN THAT,