Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-10-27

IN gold or silver at the OptlOn OF the
government, would be dishonest and re-
pudiation. | say that the men who ad-
minister the law outside of me contract
commits a dishonest act. He declared
chat Carlisle had violated his oath Of
Office when he refused 10 exercise the
option belonging to the government and
paid off our bonds in gold only. He
said it was a crime against law, against
government, against all of us. Our
friend COwen did not mention tariff last
Saturday. He does all the talking for
gold, while Hanna and Mckinley at
tend TO the tariff. Judge Drew fired
yoiley Of no. shot into Mr.. Governs
camp when he said that 1t was not free
silver or lack Of confidence that had put
the B. C O. railroad into the receivers
hands. It was
LACK OF CONFIDENCE
Of management end a corrupt admins
traton of its affairs that caused the
court to appoint a receiver. He referred
10 the statement of Mckinley that it
was better to open the mills than the
minis, snd asked what good it would
do TO open The mills and pile up products
10 the stars unless q market were fur
nished or money TO be secured with
which TO buy the products Of .he mills.
He asked how the people were going
10 buy what comes out of the mills IN
less they had what comes out of the
minis. He predicted an era of great
prosperity if the people readjus,ed free
coinage and plainly proved that Great
Britain would never give her consent
TO free coinage, as she was a consumer
and not a producer. She had fifteen
millions Of gold, the purchasing power
Of which would be reduced. and the
commodities which she had to buy in
crease price, if silver were coined.
He said that after years Of fighting
against a British commercial policy
Mckinley comes out and advocates a
British financial policy, which is a
Thousand times more destructive to our
interests. He said protection and free
silver wen, hand in hand. The arbitra-
uon and other planks in the Democratic
Platform were discussed. He paid al
nigh tribute to labor and said il de-
served the highest recognition by the
government. He closed with an elo-
qnen, peroraJion, claiming hat William
Jennings Bryan, like Washington and
Lincoln, was a man sen from God. end
mat tins young silver knight in his sill
yer armCr, would DO what Abraham
Lincoln said should be, that the govern
ment Of the people, by the people and
Or The people, should not die in ;ho
world.
ADDRESS OF J. e. WILLIAMSON.
After general Introduction Mr.. VII
hanson said:
1t was never contemplated that the
government should buy gold ana silver
and on its own account coin The same
INTO money. In the first place the gov
eminent did not own any gold or Ill
YER bullion, it did not own any mines
producing the metals. il could not law
July do so. If The government wenJ in
20 tine market 10 buy god or silver ne
market value CT either meal would ne.
cessarily be affected by the fact that
The government was the purchaser. II
would be manifes,ly to the intores. of .
The government. as much so as 10 that
Of any other purchaser, to buy both Net
ais at the Lowest possible value. If
Congress had already fixed the amOlnL
of both metals ont of which dollar
should be coined as. for instance. 371h
grains OF pure silver and 23.22 grains
OF pure gold as being worth a dollar,
and were then 10 so into the market and
buy these metals ct lower price il
would
NECESSARILY DISHONOR
The money already coined If BIZ
grains Of silver were. in the opinion of
Congress, Of ;he value of a dollar w&en
coined into money. by paying less tA2r
dollar for this quantity Of silver would .
SO far AFFECT the position OF the govern
menJ with reference to its own pro-
ducts as to subject It TO the very cr.,-
.c.sm advanced at this time Of making /.
a dollar out OF less than a dollars worth. 7
Were its purchasers TO stimulate the
market price TO such an extent as TO .
make The amount of bullion in every I.
Collar worth more than dollar in the
warke,. the government would thea BE
required TO pay more for the bullion F.
than it's coin value, and it would neces- .
sariy Dse in the transaction. As the /
glvernement could not buy either kind /.
of metal without money, any more than /
an individual could. It would follow that 7
the government must pay out for the /.
metals as much money as the same .
would be worth; and the trouble has al .
ways been that the government did no. .
have the money to buy the metals, and .
fl has not been It's practice to pay money +
for either metal The bullion watch il +
bought under the Sherman law was paid .
for with Treasury notes. and every debt !
coined under this act increased the nat |
fonaI debt. Then, if the government /
cannot buy the metals out OF which 10 (
make the money without increasing he /
national debt propOrtionaJe.y, what /
shall be done? The answer is easy |
enough. All OF the silver and gold TAX .
en- from the mines is the property OF /
whoever produces it, and Wne1 put in;o .
buU;On il seeks the market just rs any .
other proDerty. The owners want 10 /
exchange it for dollars; il is worta moth /
inc tn tber until it is 50 Exchanged for /
dollars. There can be no difference 20 .
.such owners in selling the bullion 10 .
some one who has dollars TO exchange /
for # and themselves having the same .
metal made into dollars. L would not /
he wise. of course to allow each owner |
of bullion 10 have a stamp or mint Of /
h $ own. and to make his own bullion /
into money. because there would in /
such case
BE NO GUARANTEE
of weight and fneness; hence the law !
very wisely deprives the owners Of such /
metals from making the same into .
zG2Z