Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1896-10-28
LETTER 10 RAYAan


In the following lettor to MIR Bayard.
then senator from Delaware Mr. Bel
mont not only made n startling prophecy,
but made the Issue so plain that his letter
GOULD be used today as an unanswerable
argument against the Chicago platform.
Hero it Is:
THE NURSERY, L. l., Sept is, 1873.
MY DEAR sESAToR-I have not been nble 10
rejoice over the Republican defoat in Maino.
The success Of the greenbnok movement in
that region BODIES no good 20 the country, and
FEAR IL viii make the demagogues Of our
party moro reckless in their cowardice This
Is fearful bull, bnt IL expresses exactly what
feel. II these doctrines OF dlshouesty md
ignorance prevail. tho very foundations of our
political existence arc endangered and seIf
government becomes a failure What has be-.
come OF tho astuto inteliigenco and the com
mon sense OF our peopieg Don't they sec that
distrust and want Of confidence are now the
only causes preventing our return 10 prosper.
ity, which would ere this have come 10 ua n "A
had not been for tho wicked silver bill Of last
yearY '-'
Tho idea that imitation and an additional f.
sue of irrcdeemable paper money will raise
prices ana give bottcr remuneration to lahor
- 80 prepOsterous and insane that A IA Iuco,n
prehensible 10 me how tho masses can be rpis.
led by such absurdities. For four years mat
money has Utmost been a drug, 20 that mil.
lions and millions Of money vested In tbs
banking business have been Withdrawn be-.
cause 10 could not be usofully employed. or an
other words, could not be loaned out At a re.
munerating interest. Today you cannot get
over per cent por annum on undoubfod ~
ouTity, while tho large authorizations 70 the |
per cont federal bonds provo how much poue, |
there II booking IN vain for safe Investment
In tho face OF all this. real estate lard and aIl
speculative property continue 10 decline be
cause they cannot find purchasers. who AZ.
frightened away by the uncertainty Of tho a. |
turo. Will dishonest and fuctuatinq curronery |
render that future more certain and eueo,rras..
capital " come out from It's hiding placer Tl,e /
man who asserts this is either a fool or 4
knavo.
silver Liquidation.
Look nt the beauties Of the silver bin. The
trado dollar, with 40 gfains.of silver not 10. /
Ing legal tender IL selling ~ " cents IN cnr /
roncy while tho legal tender silver dollar Of
tl2j1 grains must b. taken In payment Tor 100 1
cents' though 10 has por cent ioss of intrinsic
value. Why, 80 81 returning ~ barbariatn h. /
pass such laws. They arc moro oppresalve I
than any autOcrnt would dare 20 impose. And
you whl seo neKt congress. instead or retrao. /
ing H. steps. after having soon that the values
OF the world and the fundamental principle al 1
political economy cannot be- ieglaiatad avgav /
20 Washington, ~ from bad to worse.
The silver bin hhying proved e failure. NOT I
'iAiy Pr Att tAaiNA Natuei ~ general but not j
even causing the silver bullion itsoif 70 auprs.
oiate Ia The markets Of the world fsiIver A. 10
day bklsd. an ounce in London. while it va
Dl5fd. when tho silver bill was paasrdj you
VIII SEQ next winter bills introduced for Emo
unlimited coinage of tho cheating silver dol.
lars now worth about s. cents in gold or green.
bncka, aDd aiso Tor lhe increased In not nm.
limited issue n irredoomabia governments ia.
per. And ~ great g. the cownrdioo % those who
misroproaont and misiead tho people that bofb i
tpefo anominatiOns VIII most probably t,aaa f, II
two-fhirds vote, and, after receiving = tnrtIv \
bat high sounding veto ~ the executive. win i
bo passad over that veto. 10 ths delight of that
oignitnry, who win be glad to have tho ~ \
apousihilty taken from BIZ shoulders which
an elective veto would bring to him. / fsai
very gloomy ~ our future ana am COO oid 4, /
hone that I can live ~ sea tho roturn ~ /
brighter days That frey viii come In tfo,, /
ana thai reason wil rsuf.e hsr sway. for.
Vently hope aud fully beiitVe. You are vouo. =
enough % witness it. end the no8ls ana az
NaVering stand which you hnvo taken by The /
side ~ riEht and Justice viii thon surely goa
iis rev wtrd, while even Hoie. iu on tbla darr
and almost hopeless struggle. you have rts
proud consolation Of tlio appreciation of eyory
noneHt man, and, what is stin better. tho ~
proyal ot your own oonE'fnco chd auH 10
spect bvor yours most lfaly,
arursf Bsta0E1
Son. Rhonas ,. bagnfd, Wiildihs,el gsA !