The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-12-25
Mr., IlEARNE'S SILVER DOLLAR,
Further Comments From SIR. Campbell
on tho PIuu-Eruiy 10 Mr.. IisArme',
Third ArtIClr,

ah's
on tho pIuu-Erpiy 10 Mr.. Iisnrne''
Thltd Article.
TO the Editor Of the IntcllIEcnccr.
SlR:-l am reluctant to occupy any
more " your space In regard - Mr.
lIcarHcs peculiar plan Tor rrsuminE the
coinage OF silyrr dollars. and did ~,
desire to he entirely COURAGEOUS To him.
seeing that In his third article he ld-
dresses specific questions 20 me, l should
| let the discussion terminate with what
has already been sud 81 the subject.
l seems now. according to Mr.. Iriruc,
that / do n,l have a clear idea or what
IL" expressions superior and lntcrinr
money means" and ! am asked in the
words following 10 ocilnc my ideas on
tina; subject:
"wiIi Mr.. Campbell kindly tell the
people whether 4 national bank note is
inferior to gold certificate, or Il sinnd-
ard silver dollar and II 20 why do they
circulate together: VIII Mr.. Campbell
give some tcs. by which the superior
money. can De- determined from Ia" info
| ri1r. asIh" from HIS statements or as
| symptoms
1t would also seem from Mr. Hearn"'5
| article that ! have made the mistake dil
along uf mppoSInc that hr really Was II
| rcfnrmer IN lhr matter II silver coinage.
| lad lhl. h!s object was to seek Gut and
| sol In order i better silver dollar th-Ll
| ia" present one. This mistake. which
It seems have made. Is one, think.
common ~ the public Everybody has
| given Mr.. Hslrnr credit Tor being ann
! iNu- 70 rcF1rHl and better our Present
| Objectionable silver coinage. lie hiIH-
| self. however di-clIsms Any suvh pro-
| Er- anne And why! Because there IS
ne room Tor any such reform. y govern
mcnl dollar according 10 Mr.. liearnc, is
simply a government dollar. be Il gold,
| silver or paper. and one kind IS Just As
| good - any other kind. TO all lnIcntS
| and purposes thrr- Is no difference.
| Hence, when hr advocates tho getting
| up III i new dollar Nlyh $50 more grains
| Of silver behind i. h" has no idea II
| creating preferential dollar Us against
the present I'll silver dollar.
Since the day when the children Of Is
| rI-l gathered mamma In the wilderness,
| have not rad VI anything quite :"
| strongly resembling their experience as
| thu programme Of Mr.. tlch!nc. We ar"
| told tina; they who gathered little had
enough and that they who gathered
| mach had nothing over. II was the
TdgEr thing whether tGry gathered =
| po.l:. or L hu3hrl And ~ also a re-
| spcCts MIR. Hcarn"'s dollar. whether II
has %7l grains or 80 Er,ttIS matters not
| as respects i;s practical vaW" and per
| trCt equality and currency Of circulation
among the people,
II he iruc. a. the school books teach.
| that things that are equal 20 the same
| thing are equal u each other, why need
| we change tn. formula one lota Tor max
| Ing silver dollars? Why. in other words,
20 through the seeming prcteHsc OF
| coIninS u more conservative doIlarf
| Why seem - add 6Omcthiug 10 It C'"O
| grains as ,IElIrs; &llr since nothing req
! ~ t. aided, because. after iiS iSsu", II Is
% hH neither superior nor Inferior 10
Tho present dollar.
According TO Nj II"IrnC all our dol
| lars row existing. ur "a lee created under
his pl1n, are alike good and nlInc useful
and Jcs!rahl". As respects each nud all
III them lh"rc IS no such thing A. on"
| glory Of :hr sun, aHi another glory N
| III" moon, and Stlll another OF the stars.
| They are nil on The same dead level Of
| nrlc;ical value and ucc-ptnbllity.
| Now, is such statement or SuEE"S-
| ton IN regard to our various kinds Of
I money tINt. Does II really l!llkltL l4'All-
| Ing whak they may he composed or Is.
| after all, tn" Popu!ist theory "t f'atism
| In money correct? Not by any means.
| Nothing could br more misleading than
such n suggestion. There is but one kind
| Of "supcriO-" money IN the United
States or elsewhere. and that money IS
gold, because Eoid is the wUnry al the
world and because all other forms ~
money are only approximately super
Ior" In proportion 0s they approach
| quick and perfect cnnvcrulilty int
| gold silver and paper have 10 accept
thia tcst tho world over because Il is tho
tc,i OF commerce,
Perhaps ;hil idea can h" made Il me-"
ulnincrr Ia some readers hy bringing II
4 little ErnrCr HON" for Illustration. ""
may remark therefore that In tAr days
before the war VIC had banks Or Issue
here In Wheeling Thcir notes were cur
rent HIl through this immediate region.
and passed on m equality with gold and
silver because they were rcdcrnahlc on
demand in coin People preferred tn
have ;hclr chrcls paid in these notes.
And yet GnSpit" the sOlvUncy Of these
hariR their notes were not entirely cur
rrnt n hundred miles from hrmr. Why?
! because there was always n possibility
THAI. In cas-" Of mn unlocked for demand.
they might no; be able Ia redeem their
nOics licncr at Cincinnati, iEdinuapo-
lis. St Louis aud other points west there
| was G"E"rnlly u brokerage against iE"
| circulation Of their notes.
Now, just ~ 1t wIs With RESPECT To
| these Wheeling bank notes IN tho days
before the war, as regards Il Crl'tuln lack
Of UuQuc9lIouIu: confidence 10 1t ~ din
Il much lessor degree Of C0urS"B NJ re-
| puuCls even government paper money,
~ was most Hrikingly shown only last
Summc" 10y the 1rcm.Iw uu gold uuinr
the vary shnhOH OF the suh-trgnHUry IN
Sow York where In" greater part o; the
| government redemption fund * Stored.
Al paper money, No matte" how
good 4. only money IN the second DO
gree. and not superior money Long
after the war Grr"nhaC!is wcr" 1T 4
discount IN gold, nnd less than six
months nEu there wUs a charge Of one
| hale To- one per cent among thc hrU-
llc"g for III" conversion uf Er""uhaCkS
INT" gold, Therefore grcCubNri,s. and
| stili-lcs National bank notes. are not
"Huu"ror" mourr
IN this rs IN answer IT, Mr.. II"arnr'l
| specific questions addressed to the. aud
not hucIusr II has any logical "onnCC.
ton whatever with the issue between
rs. which r"lgsul wholly t. SONG in
tcliiEibiC explanation on his plrt as to
why hr dcgitns 10 load rs NJ with a nav
and more troublesome aud more OK
pcHEIvc duilar. which dollar. when Is