The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-06-25

s,,,ia, Dispatch to the Intolllgenecr.
rl.KINS, W. Va, June Ex-senator
rtsinS seen at Halllehurat. his coun-
,,v home, was asked what he thought
of the ST. Louis nominations and plat
n,m He replied that he would not
change anything that was done there;
mai everything was entirely satisfae-
py. and that he feels the best ticket
vas put In the field that could be, as
well as the best platform made, that
could have been made.
Have you any apprehensions about
the result OF the 'teket7"
"Nonc in the world.,.'
"Doa't you think that the silver ques-
ton will draw away great many Re-
publlcans?'
u think 1t will take from the party
some Republicans, but draw as many
sound-mouey Democrats to take their
places" -,..,,,.
what have you TO say on the subject
az silver? Il is understood generally
that you lived IN the west and had
some experience In silver mines
The senator replied that he had oceN
for many years Interested IN silver MIN
Ing. and had made the question OF sil-
vsr and lis uses as money a study Ior
more than twenty years, Naturally
being a producer Of silver,zhe sala' ne
desired as much 'as any one that It
sb5uld be made valuable and have the
argest possible use as money But
In senator said. he did not want the
use 10 60 so far as to destroy the
Foundness and stability OF the cur
Trncy OF the country, now the best IN
M. senator, what Is your notion
about the demonstration of silver In
The senator replied: II do. O.not think
that has anything To do with the pres.
rut dcpreCiatl0n Of silver. l think II
what IL known as the demOnetlaatlon
act lad not been passed, our silver trou-
bIts row would be even more acute
than they are. By this ] mean that we
would have before this re9ched
point where We could not make use OF
a! the silver that would nave pseh zen
brought TO us for coinage. Notwith.
ttandInc what is known as the demon
tflgation act, we are using about as
much silver as we can and keep its val-
NJ. ~ e1usi 10 gold. From i7sZ TO 1873,
he date OF the act demOnetlzlng silver,
il-src had been coined only about 49,
0ln 900 silver dollars. Since. 1879. In
tsygntv. three years, We have coined
over lyc hundred millions Of silver doll
lars. This doesn't appear like hostil-
uy 10 silver or striking Il down. How
tIuld We With safety have coined more?
We ean't inprcase the use OF silver and
PAPER unless We increase our gold re-
serve
why should Congress limit the use
Q. silver as money!"
because there Is too much silver.
Under the constitution cOnGress has
power 10 COLI money-and regulate tne
yaIu. thereot. This means that Con-
cr.ss has the right 10 limit the coinage
Sf either gold or SILVER whenever II IS
doomed expedlent. The trouble is that
silver In recent years. especially since
~ denoneuEnti0n by European gov
ernmenty and the large -prOduction
ibrJughout the world, has been too
plentiful 10 permit all OF II to be coined
that may be brought to our mints from
Europe and from our own mines. There
can be too much OF anything to use Il
all profitnbiy. We have now ffteen
hundred millions OF money, about RH 20
per capita More silver and paper mo-
ney are not needed. We do need more
.. the money tine world uses and 70 IN
tr.Dslcaily valuable ~ property OUTSIDE
o. the money function"
what have you TO say about cheap
.m1ncy2'
There Is nothing In cheap money"
replied tle senator. "Cheap money does
not mean anything. All money should
bo the best money, particularly for the
wage-earRers and people dependent mp
on labor for means OF livelihood. The
trouble is that silver Is not worth IN
tGu markets Of the world more than
G'ty-one or nfty-twO cents oil the dollar
6F nor ounce. Ten years ago II was
worth one hundred cents. aud about
twanty.four years ego II sold nt a pre-
MUM. These changes have been
brought about by the over-Supply Of
f.lyer which has been enormous.
The silver sentiment which Is now
O., rampant In the country Is founded
IN an effort Wish. or desire OF certain
peaple. cspcciaIly those who are credi-
tors, 10 try 10 get money 20 diScharge
their debts. They think that free sll-
ver would make money more abundant
nll more easily obtained. III we had
twice as much silver, or ten timca as
much silver, and used II ns money, Il
would bc Jugt aa difficult to Eet as gold.
1t could not be had for nothing. In or
der 10 get silver. tlFcn,a man would have
20 part with property. Just tho same
az now, and he would require great
deal Of silver before parting with his
property.
The Real Question.
The question reduces itself to this:
That no government in tho world has
ever been able by lcgislatlon to create
values or sentiment. II the United
States bysnn act of Congress- can mnNe
an ounce OF silver worth n dollar whrn
tie world VIII only take II for nfty cents
aa compared With gold and u can he
bought for ffty cents. then the govern-
ueut could make the silver ounce or
dollar worth two or Ave dollars. N thu
principle lF admitted that by leBiSlh-
lion values con be- created then We
have tiyr Edlutibn Of tho problem Of
uinIahlng poverty from the world. We
might as well leglslnin at once to make
everybody rich. " thc silver producer
rr owner Of European silver can take
liH Hllvsr tu the mint and have " made
into nsddliar ~ good rs sJih whom y ls
uuiy worth nfty cents, why not allow
ta- iron and copper mlnor the same
privilege, why not icglslatc 10 make
Jal DantH worth " sllvuL lend. Alne or
copper dollar. why not lcsinlnte 10
make n ton OF coal worth ten dollars