The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-10-05

Csnn-wla, Free Coinage wonld Mean.
-
MIR. Jacab RoscHthul, u the we'll known
glass worker and Il lifelong Democrat,
gave an excellent talk Oh sound money
At the Republican headquarters, Mae
tins Ferry, OH Saturday evening. The
placc was crowded to Overilowlng. Full
" one hundred people were turned away.
All who heard the talk were much pleas
ed with II. and the APPLAUSE was. vrsy en-
.huslNstIc. Mr.. ROscnihal made no et-
rir,s at Oratory or TO catch the crowd.
bu, gave a plain, buslncss-likt prrsen-
tN,lon ot the money question ana showed
that he understands Il thoroughly. lie
showed that the Democratic party has
always heretofore advocated cheap
goods, and It now wants higher goods,
and he predicted an overwhelming vIcto-
~ FOR sound money on NoTmbcr 3.
The Republican glee club gang sew
CrAl campaign songs, utter %h'ch sam
url westwpOd called the meeting 10 or
der and named James C. rannehill as
chairman, who said he took pleasure In
Introducing Mr.. Jacob RoScnthal. firstly,
bccIus" he. like himself. was n working
man. and, secondly, because he would
talk on the money question. which most
interests the workIngmar. Mr.. RoSen-
thai said:
a thousand theories In regard 10 H.
nance are born OF idlcress. poverty and
want. In the fertile brain OF want ,here
I. room for every theory and scheme for
4 short cut TO wealth and easy ways TO
pay debts, and after all that has been
suggested and advocated from this
tOurcc. there Is no new way 10 old debts
nor i new way TO create asdoliar except
10y labor. notwithstanding Mr.. Bryan's
assertions that IA dollar Is a. creature OF
The law and that there Is no dollar ex-
ceNt the law creates that dollar. A dol
lar Is not a creature OF law; fits a Great
ure OF labor, and there Is no dollar eX-
Cept labor creates that dollar, The gov
inner cannot create money. II Il
could there would be no usGl OF taxing
anyone. 1t would simply make money
to pay It's Indebtedness and running cN-
penses. II It can make a dollar out OF
81 cents worth OF silver ttcan make IL
out OF one SrnIn. or lees; tnen why waste
the other $40 grains? No sensible per-
son would do that In his private affairs.
The government cannot make money.
The government stamp on O piece of
metal or paper does not make II j dollar
any more than Its stamp would make 4,
a dinner. The government simply
puts It's stamp on what Is already I dol
lar or n dollars worth. 1t simply GER
;!hes 10 Its weight and f~inenrss. Then
there is this dollar OF tho constitution"
and 'dollar OF our dadIes' that we hear
50 much about these days. The constl-
tuition makes no provision for either q
gold or a silver dollar and prfscribes no
system OF coinage. 1t provides that
Congress and not the legislatures OF the
separate states shall have power to coin
money. regulate the value thereof, and
Of foreign coins.
The constitution nowhere defines the
material OF which money shall be made
and nowhere implies n preference with
regard to Il. The only use made OF the
words gold aud silver In the coustltu-
ton Is In the prohibition TO- the states To
make anything else than coin a legal
tender in the pnymen. OF debts. Ru.
there Is not n word In the constitution
10 indicate either the substance or the
system OF coinage which Congress might
subsequently adopt. a demand for the
money Of the constitution with the i'm
pllcntion that the constitution has as-
iahlished AZ proposed 4 legal ratio be-
tween gold and silver as prescribed their
convenient use as standards. of value. It.
Therefore, Is merely Il resort of the dema-
gpGuc who Is either Ignorant OF the sub
Jet or means 10 impose on the ignorance
e.: others. The government 4 not make
a nat dollar any more than Il can make
4 hat musket TO shoot down Its enemies
with. Every time 1t stamps - piece OF
Iaper as a dollar.it makes a debt. just
as an individual does who gives his note
to pay money. but n promise can be- made
md that promise made by suSi: q SPLEEN
lid man that It will pass fora dollar by
all VINO know him. but 1t Ia not q dollar.
50 when the government puts its
stamp on 31lA grains OF SILVER, which
ur" worth only So cents In the market.
!, lends its credit for Il cents. Money Is
L measure OF value. but not In the sense
that n bushel or yardstlck Is. because 4
hi7hel measure or yardstlck does mt
change hands In Il transaction, hut the
owner retains 1t after the goods are
'F ~ " s'i'A''t AZ -" ga ~ "a Ntt'AN
i-cause II Is n labor product. because il
. i commodity and because II can be
exchanged anywhere for any other COM
modify. The reason the greatest ma
tons have adopted gold as the measure
an! standard Of value Is that Il iluCtu-
at"s less than silver and Is preferred By
"'"ryOne 20 silver. rpan
80 legislation can change this pref
'r'uc". Money Is a product OF evolution,
" f"SuI; nf the aS,.s. Some men say we
Haven't enough money. and n w.. adopt
ir" FREE coinage OF silver we viii have
i"'i' money and he more prosperous.
Tn" TACT Is We need a more active c!rcu-
iti,nn n' what money we have now. II
We were more prosperous there would
To more money In active circulation. Mr.,
Thomas II. Reed says we have now moro
man We can use. lying Idle and we have
Just exported a lot or Il. Money IL the
ir7na'crcr 0r CT rital NJ a hayrake and
hHr-" j. a tranSferor or hay. More hay
'iH'- will never make more hny. but
h'"r" hay VIII require more hayrakes,
ana ~ surr 10 get them. I""N
II IN" claim Is correct that VIC have
h'' enough money, why not make good
..nH"E? Why not make money In the
ff way II can be made. by labor. and
d. H' only had the opportunity or gave
'fr rlrty the opportunity that has al
eye encouraged labor. we will show The
Fu'"r.l's that the old way, and the only
way T." produce q dollar Is to produce Il
~",'idTt worth nf labor. md not by leg
i"diinS u cen;S' worth Of silver Into 4
'.ilAF The silvcr!tes say free silver
WIZ! give rs moro money. We answer Il
not, 1t will driv" all the gold out of
'i.H,tiion 10 seek a hiding place and
= -# alN .1a.. 49,. 80. - .
.'r'i-' 1888. which is about IS per capita.
J. would TAX" the sllverltcs ~ years to
itlrc the amuunt OF money We had
!.'l iE gold. as the capacity OF the nints
OF" only $i0.O 900. 600 n yea We would
nave as much money four years