West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1896-07-23
POSTMASTER GENERAL
WILSON'S LETTER.
A REVIEW OF 1T BY A WESTERN
SCHOLAR AND WRITER FROM
THE SILVER STANDPOINT.
To the EDITOR OF Tue Anars.

Brutel
First let me say that financial
questions are not easy to under
stand" says tho p. N. General.
That is the chirogrAphy of Wilson,
but the conviction of Hamilton
tie people are 00t competent 10 gouer,,
Themselves. IL is not the Democracy
of Jefferson, so full OF confidence
in the ability of the people to gov
ern themselves. Financial cues
tions are not easy TO understand, +"
is the assumption oftho Rothschilds.
The people cannot understand the
present financial system in tho way
that the John Shermans would have
lt understood. In the crazy patch
work of American financierng they
see the credit of the Government
back TO the green back that drew no
interest but Was useful as a medium
of exchange, performing the func-
tions OF money. Back Of the bond
and the National Banking system
they SEQ the self-same credit of the
Government, bu. they see it draw
ing two interests, enriching the
money monopolist and pauperizing
the producer of wealth. They see
the cremation Of the greonback, the
funding of the national debt in
long'term bonds, the dropping of
the silver unit dollar from mintage.
the adoption of an untried single
gold standard, all that the present
banking system may be perpetuatod
IN its uupatriotic prosperity-"Fi-
nancial questions are not easy to
understand" and the people can
see only pending ruin in the per-
petuation of the present financial
system. Is II possible the people
cannot understand the true inward d
ness Of their robbery by the nation
al banking system, aud the happy
turn business has taken since he
silver dollar was turned down I?
Who is it tries to make financial
questions "nOt easy to understand"
All this talk about Sound money"
Is the pleasing apology Of the 6ene-
iiclary Of present business condi-
tlons dependent upon a financial
system "not easy TO understand" 4"
Did men like jefferson merely
spin theories out Of their own
minds" while they maintained the
silver unit dollar aud the bimetal-
lie standard for over eighty years
Of our early history? Has France
also no history of enyiable prosper
ity with full food Of silver cur
rency? But lot US see further how
the T.. VI. General makes financial
questions easy for US.
1--WE have now free coinage OF
gold and as consequence the gold
coin is worth exactly as much aud
no more than the bullion out Of
which IL is coined" "Tt has not
been found possible for any govoln-
ment in recent times 10 fix such
ratio between gold aud silver as to
keep both in full aud concurrent
circulation under free coinage" 3"
Silver was at q premium when de-
monetizod, it is true; but it is now
assaIled as deprecated metal
"Tho gold coin is worth exactly as
much and no more than the bullion
out Of which it is coined" +" Ger.
tainly. Gold is the one article that
has price, 100 cents, fixed by law
for every 25.8 grains. Silver also
could have a fixed price for 371 .25
grains. When the price Of an arti.
Gle is fixed regardless Of The supply
it cannot fall below that price, but
may 60 above It, Let US spin a
buckwhoat theory here. Suppose
any able firm in Preston county
puts The price Of wheat up to sL5O
aud buckwheat IS per busbel for
all that can be raised in the county
or brought in, will these grains vary
much from the fixed prices Very
little, if any. Bat suppose buck
wheat be demonoGzed, and COM
promise made so that each wear 400
bushels Of buokwheat only can be
bought and made by law worth
Is q bushel, viii not buckwheat
decline? That is the treatment
silver has received; The fixed price
for awhile only was pat upon q
limited amount Of it, and the out.