Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-10-21

I
/ Now. the financial policy Of the Repubh-
/ can party has Illustrated ana entailed upon
! the country, all the evils of imitation ioi-
! lowed up by the disasters OF contraction.
After enormously initiating the currency
from 1852 10 1876 suddenly, Ike clap OF
thunder, came your Resumption law. an
ediCt which proclaimed that in three snort
years the country should be brought to
specie basis. That is TO say the expansion
of IL years was 10 be liquidated in three.
Not content with this. your policy mas ue-
manded the payment of all national oDl-
cations not only in coin, but IN gOlu, lhuS
CisCrediting our own silver, and IN con-
! junction with a few apOstates, calling
/ themselves Democrats. you now propose 10
call and retire the legal tender notes, and
hereafter 70 oblterate and oStraclse SILVER
from our minis. There is your Republican
! scheme TO enrich the few and impoverish
! the many. This is your Republican pol
| Icy, relentlessly pursued, until aided ana
abetted by the bastard Palmer-FOrt-Don-
aldsOn wing of the Democracy. you shall
I drive the producing States to desperation.
VIII YOU please explain TO me, Senator,
why II is that while our population is
bounding forward at the rate of three per
cent. per annum. our currency is annually
being contracted AT the rate of Sl50UOOOO a
year? | will adduce the figures; ! take
them from an open letter OF Hon. Henry
G. Davis of recent date:
The official reports of the Treasury De-
partment show that not only Is our money
per capita I'm circulation, being contracted,
In 1894 1t was..........,.....S24. IS per capita
In 1895 il Observation-Disclosures. 22.9i per capita
In lSS5 IL -......-...,sss lilo per capita
In volume It has fallen in round numbers
from 81, eco, 100000 in 1898 10 $3.50 OV,OlJ in
II must be observed that ex-senator
| Davis's figures are not based upon the
amount in actual circulation, excluding
that locked up in the banks and the Fed
eral treasury which was found in 1892.
a he IL
goes without saying that the per capita
, has been diminishing ever since. II this
Z statement be true. land / take II from
Hon. A. J. Warmer the fact remains IN
Glsputable, that while collectively and nat
icn0lly We excel all nations in wealth; IN
dtVidually we are the poorest civilized peo-
pie on earth. Nowhere IN the civilized
world can there be found aE many Million
aires TO the number of inhabitants as in
free America. And FOR this extraordinary
condition. We are mainly indebted 10 your
| boastful Republican policy aided ANA
abctted 10y your bastard allies. Nou ue-
nOunCe the Democratic platform al rcNO-
/ lutonary. and YOU call its doctrine new.
| You were never more mistaken IN your
/ life. Thomas Jefferson works and utter
Z ances stand sponsor for every principe
embraced in that platform.
You cannot produce from the public Ut
tcrance OF Senator Tillman single SEN
tence more revolutionary than is the ten
der of Your whole speech. Iliiman mas
never yet, as far as | know or believe. dal-
: lied with the word revolution, ana YET
that dangerous word was evidently IN your
mind and on your brain, and played with
restless plianCy and brl.lauCy around lne
utterances of your address. There IS III
this address as published, a vague ana un-
defined threat that those VINO advocate
reforms in favor of the masses are to be
treated as revolutionsts; their arguments
are. IS YOU vaguely intimate, 10 be an
swered with shot, and bayonet ana CLn-
lister The man who demands the reSloI-
alton Of silver Is a Socialist, torSooth. 1 ne
man who insists that the principles Oh me
/ Interstate commerce law shal be per
fectly and rigidly enforced is 4 radical
and an agrarian. The man VINO adNo7
Gates an income tax. whereby you ana
other milllOnaires shall he required 10 con
tribute your just proportion TO the support
of the government, and TO the pensions,
/ is an Anarchist forsooth. Ana a sIe2I
party OF your country that dares any IL
self with The future Of those whom YOU
designate as the plain people, IS, Tor
sooth. a revolutionary party;
Let US recur TO the historical iact that
Thomas Jefferson was denounced as "a
| French rcvoiuuonist, while Andrew JACK
son removal OF the deposits ana Q-slIut-
ton OF the United States Bank, brought
down uuon his head the universal cenun-
citation Of the subsidized press Oh inat gay;
as % tyrant and monarchiSt. ana G3utu
forth from Henry Clay the most hrlllaht
display OF rhetorical warning against rev
olution which has Illuminated history
since the age of Phillip and DemOsthenes.
You next proceed 10 inquire.
The effect of the free ana unlimited
coinage of silver. At l6 TO l. .,.,-
Fortified as l am by the scientlHG
thought Of the age botn in Europe ana
America. will stake my asiIl,,o', -, s,
gaciJy rs a prophet against your own,
when / predict that the remoneizauon ~
silver would have the following penehcldi
effect The gold Is gold doAat' neaSui ct
bv other commodities Is now worth lou
cents: the silver dollar so measured IN
soid is worth only " cents. Inc moment
silver Is rcmOnctlZCQ the TWO precious
metals " which constituted the money or
the world for over 1900 years before 1913,
will resume their old functions ana rem
lions. so that every silver doliar issued VII
appreciate 10 meet the gold dolIar upon
their ancient footing OF equality, anu tle
gold dollar and the silver viii be worth iVV
Ccnts-no more and no less. You say the
people will begin TO hoard Sold' ray
tell Us. Senator, who mas any soIu 10
board9 Take West Virginia, Tor example,
outside of Yourself and few other mn,
lionaires. who has any gold 10 hoaIu
Moreover YOU have already sald jnat 49lu'
after silver is demonetiZed, Will begin 10
danreciate because its money functions
will be shared equally WITH silver Nov
people do not hoard that when Is qepre-
eating In value. hence they VIII not nOdIu
gold. on the contrary. as silver Will as
Won ADMIT Immediately enhance It's Nalue'
ucoplp will ht gin to hoard silver. ana pIllE
ont their gold, now hidden away III vaults
aud old eLOl KINGS. llllN d'tlNt q II '''i
Tho two precious metals will then begin
to .DDr0Ximate M value until their pres
tine functions OF supplying a medlum Oh
ocbonpe halloWed by the frost OF ctntur-
ice vii he resumed. and the civilized
world VIII be rescued from the mn. ueit4
c,ree of monometallsm, which at inter
walls Dursues and threatens manRlnq WIN
the gaunt images OF poverty desola'io"'
w Your next proposition is: Another. ef-
feet of the proposed free coinage of silver
would be TO defeat intcrnatonal agree
mont" IL is admitted upon all sizes lhdl
NO International agreement upon this cues
tion can be reached without the concur
renee Of Great Britain. and II Is equally
certain that never in our generation WIZ
England consent to such an agreement.
The reasons are obvious, ana nave DceH
stated over and over again, both IN the-
land in this country. Mr. GIadsJohe
frankly gave the reasons why Eng
would adhere permanently to the single
gold standard-Viz: that she was a cIcul-
tor nation TO the extent OF perhaps Nu'-
00O 600 600. and her interest was TO require
liquidation In the most Costy mont! ~ ~
sides there are other uit1culues IN lne
y.a,- Of srch an agreement, Nhlch, as 10
the United States, are well hlsh lhSu'
mountable. .-.,,,+ ,,-o,.o p,-
u.bot sanctions 10 be- enforced VINO Is
70 he the arbiter of international disputes
upOn currency values Noulu no. 81!
S,,cb arrangement belong to that prohin-
lteu cas- inst which Washington fore
,,.orned rs Where is there any consttu-
W tionai authority in Congress to delegate
me tlV''I power to regulate the value Of our our
coined money to any powssr.. w dlisy fGG
tIieeions are very we'll and tend TO
o,,Ita,en the public opinion upon the uni
verssi principles Of commerce and; and 4pe "a zee
- - - ~, eovsrued by international law is
a''y yisi G of romance never to be realized:
So obvious is this fact TO t4ou lIll VI
minds. that the people are oesln5n'Jn4k 10
new and Eelmort. and the other gold mag
~! - sra Laughing in your sleeves NJ the