The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-05-25

dollnrH, while John Aston may he good
for ten miliious--clch has limit And
even go great government as The
United States has limit to its capacity
and credit. and could never hope TO re.
deem an UNLIMITED contract to coin
into dollars the silver ot the entire
world. which would inevitably geek our
minis. should We foOlishly pass the law
asked for by the Wild and woody Pnpp-
lista The common senee OF 0ll shrcwd
business men renders Il unnecessary
fJr me to enlarge upon thi thought
which carries with 1t lis own IMAM
Bwcrable soundneSB,
Why IS It TINT no more silver Is now
or can be got into circulation? II Is a
purely practical question, and being
practical business man, ! Will give
you practical answer:
The experience OF the past shows.
that with S63,O0O.OO0 subsidiary silver
money now In circulation, making III
all about $4,000. 900 In silver. the prnc-
teal retail needs OF the country do not
require any larger sum, And silver
being wholly uusuttcd to the demands
of the wholesale trade Is, therefore,
limited or ctrcumscrtbed Ia It's CiFculn-
ton. Why,-you nsk,-ls It unsuited to
the wholesale trade of the country?
Let me give you the practical actunl
workings, Ia order thnt yon may see
for yourself.
The Wholesale merchant. ut any one
of the large southern commercial CEN
tres Is called upon by the country re-
taller In the cotton picking senson, to
send him TO illustrate) say 100 dollars
In silver, to pay the pickers at the end
OF the week Tor their work. mo money
IF,1a.
vcr.) After they shall have been paid
on, II Il but a very short time before
the same silver has benc returned by
them to the country merchant tn pay
ment for supplies already furnished to
his hands" And, hhving performed
I,s first function, is now, by the retail
er put into q little bag and sent back 10
the city by express TO pay the whole
saier the debt due him from The coun-
try retailer, The same mail that cur
Fies this remittance, may. perhaps
carry also. to the city wholesaler, nine
other bags OF silver dollars containing
each 500. Thus II viii be seen that the
wholesaler may receive the same
day $1,000 In silver coin, Weighing, In
the aggregate about 10 pounds, What
next? At O'Clock the wholesaler sends
to his bnnk to deposit bis cash receipts
Of the day, among which rs this 1000
silver dollars, too heavy TO be carried
by the clerk, and therefore To be hauled
bv n dray, driven by q docile negro.
and drawn by n stnhi muic. The actual
experience thus above described. mny
b. also many times repeated by the
hundreds of other wholesalers similar
~ situated,
You will thus see that the bank. at
night. finds Itself buTdeped and ems
barrassed with deposits OF silver for
which Il has no demand: for, b. 1t re-
m0mbercd, that no matter how many
depositors may have given It silver,
none OF them will. on the morrow,
check for any OF It In return; md be.
cause. after n few weeks Of this con-
tlnued process, It finds its vaults full
OF silver which its customers WIFI not
take. It IL compelled, IN self defense.
to hire the express company, at large
expense, TO cart II back TO the treasury
at Washington and ask for its cN-
change in paper money.
Now, this is the precise practical
working Of the silver currency, and
this IL the reason why more Of L cannot
be- put into the channels OF trade. Sup
pose that my free silver" reader wants
to take trip to New York. win he sup
ply himself with heavy silver dollars
to weigh down his pockets? oh, no, He
may ask perhaps. for as much as ten
dollars in silver, but he win be careful
to provide only our good and more cons
venlcnt par paper dollars to pay his
travelling expenses.
These very brief and imperfect illus
tratlons are enough to show conclu-
slvcly why unlimited" silver coinage
is both unwise and impractiCable In
our business affairs II wifi be observed
that treat the question not from the0-
retlc, but from an every day, common
sense. purely practical standpoint.
II, then, this crude statement OF the
question, &c accepted by the reader as
correct what Is the legitimate dcduc-
ton? II Is that the material troubles
that nov HhlIct. aud have for the past
three ycnrs afflicted the country, have
not arisen because al any currency I'M
soundness or scarcity: but solely be-
cause Of want of confidence. supcr~
Induced by the entrance Into power OF
political party both incapable and
dishonest. II cnme In with promises OF
the most radical character. which for
even more than eighteen months II has
failed 10 put into force; and then, even
after this long delay, passed into tho
down the mills OF the country. threw
three millions OF people out OF employ
mont, and wus 80 arranged as "a give
TO foreigners the manufacture OF whnt
we can rs we'll or better make at home
IA law that. instead Of ralainE sur
plus revenue created a large deficit
and compelled tho government to hor-
row, In time NJ profound peace, morc
than go millions doll0rs--a law, in fact,
which Cleveland hlmaelf called one Of
"prrfiy and dlEhonor"
This Is the cause, and not the cur
rcncy. which has brought adversely
upon every clnsa OF our people, and
which we propose 10 end with the cleo
tlpn. next November OF MCKINLEY and
progressive Republican widc-nwakc
For the present deficit
tariff. the Republicans propose to enact
one for both ample revenue and tull
proteutlOn-onc that, while bringing
IN enough 10 easily pay current gov
eminent expenses, shall nj the same
time satisfactorily protect every Amer
lean farmer ana manufacturer In the
product OF his farm and shop; one that
will discourage the importation 7f all
those foreign articles that our people
can mako at home. and that shall BE-
so constructed MS Ia furnish. at good
wages. employment for every honest
American iabOrCr who IL willing TO
earn n living by the sweat Of his brow.
This IL the feast TO which our next
Republican administration will invite
the American people There viii then
be- no Just complaint about the cur
rency which the party Of protection al
ways furnishes 10 the peoplc-b0th In
quality aud qunntity--cdual to the best
in the world.
Marvellous Results,