The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-08-11

that II lid mt nay TO mnrkct them,
that We were able TO Keep even sub
sldlRry coins In circulation. hut the
ratio Of the silver dollar remained nm
Changed anu M u result there wnE not
one 40 be found In the country with Il
srnrrh warrant. II the effect OF such u
slight difference In the value Dt the two
metals ~ sufficient To drive the dcnrcr
out or circulation, what could be pX-
ptctcd by the United States In Offering
TO r0in them At n ratio OF 10 to | when
their market value ID over 20 10 |, There
can be but u result: q loss To the conn
try ~ over i've hundred millions OF gold.
We are II powerful nation, but IL II
not within our power TO regulate and
establish D fixed ratio between two met
Als or commodities M against the mar
krts Of the world. Water win not flow
UP hill In America my more thnn II does
In Mexico.
That blmctlillsm by International
agreement upon a ratio az consistent az
possible with the volume OF tho two met
ais would be u general blessing IL not 10
be denied. Neither would have n COM
mcrclnl advantage over the other; and
II would greatly facilitate trade wrrc all
nntiOn5 to unite on u uniform system
whereby the various denominations OF
b A'll Sb'hli iblNNl an ENtn uIlllltN VI
pure metal, designated by whatever
mime best suited, hut each coin of the
same weight to be Of the RamG value
the world over.
Should the United States 20 to b nil
Yer basis We would not only he IN no
position 10, dictate to the Iirst. class ma
lions OF TIN earth, but would have ABB
suluteiy M voice IN the matter. Tho
sllvrrite tells Us that with free coinage
the United States would create an I'M
limited demand for the commodity, and
thereby hold the price NJ. with China,
Japan, India, Mexico, and South Amer
lem countries upon a silver basis, the
old Stnndard nations COlnlng silver In
large quantities., tile United StntCR alone
coming aud buying hundreds OF millions
OF dollars worth OF II. II has, under the
advanced facilities fur It's production
and largo discoveries continued to 10
,lown, down.
but GuppOsC We 80 to n silver busls:
what then? The advocate or free sill
Yer proclnlms better prices. Better
prices that ART not tho result ~ Increase
In demand ordlmlnutlon In supply arc
fictitious, and not Of Il character TO BEN
eft anyone.
Prices would be Inflated to meet the
depreciation OF our money. We would
have half price dollars and It would
take two OF them to buy what IL now
valued ut n dollar. Why not usk Con-
Ercss to reduce all weights and meas
ures7 The effect would be substantially
the same. Would anyone pay the pres
ent price for II bushcl OF potatoes II the
buShel measure was reduced one-halt?
The purchasing power 0f commodities
would. under such a law, be reduced aC-
a1HItV,R 80. NINn FAl,tANIN,N Il. ..,I.VlN aV.I
measure. and under free silver at the
proposed ratio OF l6 to | the purchasing
power Of O dollar would be about nifty
cents. How. that Is TO benefit. anyone
is difficult 10 see. but the hardship forced
upon that mighty army Of American la
bOrcrs who would. when they could
get work. be paid IN half price money,
Is not a matter Of speculation.
The silver cry Is American money for
Americans. Why not Japanese money
for Americans? Japanese wages for
American labor?
Much has been said about the bank
crs OF this and other countries. than
whom there IL no class more useful or
profitable to any community. But let
us here rather consider the great cred
itor class, the people. When Il man
has dope II days work his employer be-
NblIlFS NE -itbNbAI llNLl lC plhSGN Il
dollar In the bank he becomes the cred
itor Of the banker: and there Is now on
deposit in the savings banks alone In
this country over seventeen hundred
millions OF dollars. and to that amount
are thOsc bnnks debtors.
In what sort ~ money shall those
debts be paid? One hundred cent dol
lars. which were 1-lfned and deposited
there, or fifty cent dollars, Ivy which the
bankers would make a comfortable
profit. statements TO the contrary not
outstanding. few banks being loaned
up Ia III" limit Of dcpceit.
But the banker knows that TO do n
profitable business times must be good.
Again, for several years, | have seen
the savings OF IL thrifty class OF people
paid In monthly TO a building and lOnn
association. II, like thousands OF others
OF like character. is the repository for
the results OF labor Of the most indus
triOus and economical class In the coun-
try, and there Is annually paid Into such
associations millions OF dollars.
Would IL be a wise, a just, an honest
step 20 leEislate these people out or Onc-
half the results OF years or toll and self
sacrifice?
Which shall It be, free trade, free sill
Yer. unsettled ynIues. lebascI credit.
and certain disaster, disaster such us
will make the panic OF 'g3 pale into In
Significance, OF protection to American
industry, sound money, sound values,
and prosperity?
IL will be answered at the polls. Be-
fore the 4th OF November the light OF
reason Will find its way Into the minds
OF those who, In the excitement of the
momen are led astray by the false
charges and promises of the silver mine
owner and Democratic party, and they
will vlndiCatc the honor Of their coun-
try and take one large stride towards
prosperity.
Our money Is all right. What we want
now Is restored confidence, capital per-
forming Its work and labor employed.
The election Of Mckinley upon that
sterling platform OF protection and
sound money will do this, and with the
stimulation OF that confidence. the
wherIG of industry will once more be
get In motion md the panic OF '93 will
pass into history. f. b. BODLEY.
Chicago, August S, 1896.
nttorkg tho rrnoI, ,,1 L..