Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-08-18

amount of silver. The gold mall all be
placed within % cubic feet and all the
silver within 66 cubci fest And yet
they tell us there is danger of an over
production.
COL Arnett broke in his argument
here to tell the anecdote of a Boston
irishman, who was asked by a stump
speaker whether he would take the sill
yer dollar worth 80 cents, or the gold
dollar worth 100 cents" He replied in
MS brogue: "Bein' as | have nayther,
I'll take ayther, and l have no objection
to takin' 'em both"
PROSPERITY AFTER THE WAR.
Immediately after the close of the war
we had prosperity. Shortly thereafter
commenced a stagnation of business.
At that time the per capita of the Amer
lean people was $50, but large volume
OF that currency was taken off and the
per capita was reduced to SO or so.
You know there is but certain amount
of gold, and little or none of it IS in
circulation. A certain per centum Of
money is necessary for the transaction
Of business. 1t is said that We now
have per capita of S24. | have made
calculation of the amount of money in
actual circulation in the country, and
find that it is but $12 or S13 per capita.
At time when France was most pros
porous, Immediately at the close Of the
Franco-Prussian var at a time when
the nation was almost ruined, and the
country was required to pay a vast
amount of indemnity to Germany,
France started TO increase its currency
until ii had a per capita of SIS, and the
result was unparalleled prosperity.
They not only regained their prosperity,
but within five years there was more
gold in the treasury Of France than in
the combined treasures of England
and Germany. And what does it prove?
Ii proves that a certain amount of
money IS required 10 transact business
and stimulate enterprise. Why, my
frisnds, in the city of Chicago more
money is owed with the railroads ter
mina5ing there, than can be paid with
all the gold in the world.
The Signs Of the times argue that
there must b. a betterment of condi-
tons by restoring silver to the place
which 1t occupied prior 20 1878. But,
they say, please tell me how you will
get this money in circulation. Why,
my friends, let me tell you. All the
wealth OF the world is made from raw
material. God has deposited in the bow
els of the earth vast quantities Of coal
On the surface of the earth,is found the
timber. Under the surface is coal for
fuel, gas, and precious metals. Il re-
Qu-res the strong arm of labor, added 10
the raw material, to produce wealth.
The Increase Of individual wealth in
creases national wealth. You may cut
down sapling and convert it into an
AK handle. Just TO that extern you
have added to the wealth Of the world.
That is the only way wealth is created.
We have vast deposits of raw material,
but labor must be applied to ii to pro-
duce wealth.
MONEY NECESSARY.
1t is necessary to have money to slim
ulate that production. and th:reby IN
crease the wealth of the world. Why
should you not r5monetize silver? At
least 9S per cent. OF the people of the
country are debtors. The rest are cred
itors. Why? Because Congress voted
TO every manufactured article an addi-
tlOnal value, which went into the
pockets OF the manufacturers. Manu-
facturers became WEALTHY and increased,
and trusts and combinations were form
ed. Then they struck down one-half
the money of the people.
The Democratic doctrine of the great
est good TO the greatest number would
make it look after the interests of the
debtor. 1t used to be said that the world
specie meant something that you can
see. Now the photographers have
changed it, and ii means something
you can't see. You can't see It because
you can't get it. say IS per cent. of
our people are IN debt. Is 1t to the adj
vantage Of the people to keep decreas-
ing the amount of money? There can
be no bad faith in restoring silver.
When the white metal was stricken
down, it destroyed nearly one-haif the
medium of exchange and made the other
half prOpoTtionately more valuable.
The speaker stated that when the act
Of 1873 was passed, its provisions were
not generally known and had not been
generally discussed either in or out of
Congress. H quoted Senator Sherman
as saying that il was done without the
knowledge Of the people. Col Arnett
told another happy anecdote to illus
trate his point and continuing, said:
Silver was destroyed, and ceased from
1873 TO be one of the metals OF the con-
slitution. VIII you tell me why, when
we were staggering under a great load
of debt. that no effort was made by
Congress with one exception, think TO
remonetize silver and use it for The pur-
pose of paying the debts Of the country?
It was because IN one of the branches Of
the government there are men who
have become Intensely wealthy. They
are monied men, and they are not in
terested in relieving the burdens of the
people. Upon the contrary, if they can
depreciate the volume they can render
prOportionately more valuable the
money which is still IN circulation.
NO CHANGE OF IDEAS.
As have said before, it is not the
Democratic party rejuvenated and dis
enthralled. 1t is the Democratic party
asserting boldly the cause of the peo-
pie as against the money classes. The
situation is aptly expressed by Pope,
when he says:
"Vlce is a monster of such frightful
mien,
That to be hated needs but to be seen;
But seen too oft, familiar with his face,
We first endure, then pity, then en-
brace"
And so It is with us. Jefferson de-
clared the price OF liberty to be eternal
vigilance In every country where III
effort was made to change the money