Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-08-04
EMING Bros.

gold in a gold dollar mas Oeen uouOIeU
in value by stopping the use OF silver IN
its Mace. and those who have a plenty OF
money are thus made rich and the toll
ers and producers are made correspond
ingly poor, by law.
The end Of the present financial sys-
ZEN has been reached. It has all run 10
bonds. These and the banking bust
ness on a bond basis land not silver
| has always driven gold from this coun-
Try as fast as it ever came here. a more
cunning plan 10 scuJtle ship OF finance
could not be devised The people pro-
pose to stop this business by putting sill
YER into our financial system in every
possible way until gold is reduced TO
its normal price and silver is raised to
its proper price. Gold and silver will
be the basis of our financial system and
back the proper money issue. The
bonds will be paid as provided by
law and a further issue will not be nee
essary Then, and no, till then, will the
credit OF our government be spoJless
and our money SOUND MONEY. The
goldocracy may issue all the false cir
culars it pleases. 1t may spend money,
endeavor to bamboozle labor put all the
specious pleaders it can gather from the
four winds on the stump and rostrum
to howl over "spoJless credit" "pur-
chasing price Of gold" rotten silver
money" 80 CT dollars" Reputation"
rebellion, " revolution" and "crazy
popocrats and populists," and still the
people are going to vote for gold and sill
yer at IS 10 l, with no restrictions what
ever from Congress as to coinage or cir
cula,ion, solely on the ground that the
same is Constitutional money with which
they have a right to pay debts and be
cause that they believe that this country
should have a Constitutional govern
ment as declared in the Chicago plat
form.
Intelligent people will be amused at
the argument Of the above leanet. Sup
pose the argument is true about cred
lit? Isn't it also true that the credit Of
the government can be maintained the
best and the purchasing power Of mon
| ev be kept the highest by using gold
and silver as money instead OF using
gold and bonds as money? Are we not
sowing 10 the wind and reaping the
whirlwind by ignoring silver as a part
of our financial basis and going it alone
on a gold standard and a bond basis?
VIII not the use OF gold and silver as
money for a financial basis produce
Imany more millions Of real, sound good
purchasing power money than the use
OF gold alone, with bonds for a basis,
will produce? Every inancier
or banker in this country in answering
this question by the logic Of finance
alone would be compelled TO answer it
in the affirmative. If the government
Undertakes to look after the purchasing
power Of money it must first establish
sound money doctrines by having its
system on the same kind Of basis the law
recognizes as debt-paying money Chat
is gold and silver. and then issue no
more paper than there is dollars OF gold
and silver Gold, and silver, and pa
per then would be on a parity so far as
law could make il. It's an impossible
iity for a government. for any length Of
time, 10 infuse into its system. millions
on millions Of bonds and make these its
financial basis, and, while doing this,
cut off The use Of one-half Of the debt
paying money, silver, as money, and
keep gold and silver and paper on
parity without issuing more bonds.
More bonds means to weaken the cred
! it. This drives out gold, and the result
is all bonds and paper money and no
gold. The standard of gold on which
the bonds and paper money is leaning.
has already toppled over. The credit
OF the government IS at its limit, no
matter what its resources. This is pre-
cisely the situation of our government
There is no getting away from that fact.
It viii do no good TO keep on issuing new
bonds and rely upon import duties pay
able in gold TO help us out. Our own
people pay import duties and there is
no gold to pay them with. People won't
pay a premium on gold to pay impor,
duties with. Our credit refuses to be
pushed further in this direction. It re-
fuses the strain Of $500,co0,CG0 silver
token money. s5O0,OO0,0o0 paper money,
ana S1.SOO.0OO, GOO bonds, all redeemable
in gold, with only a sustaining power Of
about 100000 600 in gold.
Take that 100000 coo of silver token
Highest of all in Leavening Pc