Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-08-05
Delusion About Silyerites.

a Turgot. not from Mark Hanna.
The average financial man IS unGeF
O delusioo that those supporting Bryan
prOu0se 10 coin o.; MS regardless vi
the market ratio when may exist. No
bo1v Who had influence al CE.cago'
oyer talked much nonsense. The prop
..!ou is. chat opening the mint WI
so appreciate silver ana 50 depre'ia.e
gold. that presently one grain OF go.d
NIL NOT buy as much as sixteen grams
or silver Our mss ment IS. tnat Jhe
mnrSke. value of boycOtted, demonetlzed
silver. does not indicate what VIII De
its value when restored as a money
metal. Our proposition is, 10 open the
rrInts frs. and then fix coinage ratlo
ro correspond with the market ratio
which will then exist. The government
cannot Ordain what shall be the market
ratio: The only function OF government
IS 10 make the coinage ratio correspond
with the commercial ratio. Congress
Will make a coinage ratio 20 correspond
with the market ratio which will pre-
vail when the American money uni.
IS restored 20 G dOI.2r consisting OF 81
grains Of silver. and when the govern
menr offers 70 CON into dollars al the
silver offered at The mint. This, and
This only is the iD.endment of the Chi
c7eo plank. L is a fruitless effort to
mislead ignorance 10 say that bimeat-
aUis,s expect Congress 10 dscree that
sixteen grain OF silver shall be worth
as much as one grain Of gold.
Busy bankers are apt to form i'm
pressions by glancing az newspaper
headlines. Many such men are under
a delusion that we propose a policy
which would result in a dollar whose
bullion value. If expressed IN silver,
VIII be less than Z expressed in gold.
They. are under g delusion tha, we pro-
nose a silver com whose bullion value
will be less than q gold coin Of the same
denomination. We propose nothing OF
the sort. IL the market ratio is sixteen
70 one. then a dollar expressed in s.l-
ve- VIII mean % grains o. gold; if the
marke. ratio is 90 TO one. then the dol
lar EXPRESSED in gold will mean 1161
grains Of god. No one regarded 10y
reighbors as a thinking man. believes
that any Congress would fix a coinage
ratio different from the bimeta,liSts
stand On the accepted principle Of pc
liti0al economy that giving cOmmod-
ity new use increases It's value II
4 way was discovered 20 convert wheat
into butter. then a new use being given
20 wheat. rs value would be increased.
A new Use was given 10 gold when It
was made the exclusive money metal.
This new use increased It's value Re-
Z 4rf~r -
L a use. q does no. now hav1. This
viii Increase i-s value. Giving this new
use % silver viii take away from gold
IS much value as was added bymaking
it the exclusive money metal. The
value thus taken from gold. VIII be
transferred 20 silver. The function Of
money wilNthen be performed ny two
metals instead Of ny one metal only.
Il Is absurd 20 suggest that the wisest
and best informed men In This Union
propose to ignore the fundamentals OF
sound finance. We have had IN the
Democratic party a small body Of "dan-
gerously rich" men. who mistake profit
Tor patriotism. end who are welded 10
the doctrine that every proposition Is
uns0und which may lessen their Opp0r-
tunities 20 accumulate property. Tbs
parry rebelled against the rule Of these
men. They were overwhelmingly de
fea-el In every Democratic primary
where the issue was made. L VIII not
90 for these men 70 denOunce az
"CraOks" those Democrats Of dignity
and standing IN every community who
are most hOnOred fer patriotism, re-
specteL for brains and trusted for inteE-
rity. In an the attributes which merit
public confidence. men like BOies. Dan
lei and Teller cOmDare favOrably, 20
say the Least with the financial mag
mates who are now under delusion
tha- ttcv are the only surviving states
men and defenders OF American honor.
The country doubts the sincerity Of GER
tain gentlemen, conspicuous for private
wealth. who now profess Co believe that
The v.seSt. best informed and most pa
triOt'C men In this land have suddenly
gone crazy and become anarchists. It
IS safe 20 say that We find against the
gold basis. ninety per cent o. those in
every community who 1--we outside of
ctrque methods and are regarded by
elligeDt ueighb0rS as impartial and
accurate thinkers on public questions.
Bryan will undoubtedly be elected il
certain
PACTS WHICH STAND OUT IN BOLD
BELIEF
are brought home 10 the understanding
OF the rank and file Of voters.
l. IL the value OF the Am 7rican money
unit. or dollar Is doubled. then It will
require double the amount of labor or
property, 20 pay taxes and debts.
q The single gold standard VIII dOu-
bic the value OF a dollar. No man is
such a fool as NOT to see that. if gold
and silver are both money metals. we
Will have double as much money metal
as with gold alone.
g. A gold standard will reduce the val
Ne Of all property except debts.
g. Public debts, VIZ: debts payable out
Of taxes. as well as railroad securities.
ara as much mortgage on each farm
and home. as If the owner Of The land
gave a deed Of trus, 90 secure its pro-
portion Of principal and interest Fore
ing this country 70 a gold basis, means
eOUblinC the value CT debts and taxes.
srl ST the same time reducing the value
Of property.
CERTAIN OBJECT LESSONS
are before the people which viii hava
more influence than any theories offer
ed by the gold-bug newspapers.
lss. The managers Of the Republican
parry agreed 10 use the party LASH and
organization 20 force taiS country TO a
gold basis. They captured the ST. Louis
convention. The money power made q
desperate effort 10 capture the Chicago
g-F