Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-09-29

The following correspondence eX-
plains Itself, and Will be read with sen
cr4I interest:
Ekhar-. Ind. August 20, 1S96.-Hon.
Charles r. Sigh. President Sigh Fur
n.ture Company, Grand Rapids, Mich
Dear SRI understand that YOU are IN
favor of the reconciliation OF silver,
and as know you 10 be at the head OF
one of the lagest manufactures OF fur
ni,ure In the United States, and al own
ers of factories in this country are
claimed by the supporters OF the single
gold standard 20 belong 70 the party OF
Mckinley. 1 consider it quite refreshing
If not indeed cOnsOling 20 find one man
ufacturer Who favors the adoption OF a
financial policy for the United States
which Will secure the welfare OF the
whole people Of our country instead OF
Lombard street. London, and their an
mex in Wall stree, in this country, and
/ hone YOU VIII not consider il imperti-
naut iu me To- ask you 10 give me your
reasons as fully as your leisure VIII per-
init. why YOU have concluded 10 favor an
American policy in financial matters as
AGAINST the British policy OF the single
standard now in vogue IN the United
States. and 10 allow me ID give your
views % the public Tor the benefit OF
those. similarly engaged here and else
where throughout the country. Nith
much respect. / am, yours truly.
R Il JOHNSON.
Sigh Furniture Co, Grand Rapids,
Mich. Sept. f. 1S96.-C0i. r. NJ. john
son. E,bn3r-. Ind-DeGr Sir:-It affords
me pleasure TO comply with your request
to- submit a rev reasons from q manu-
fascturer's stand point why the indie
pendent. free and unlimited coinage Oh
silver lv the United States would be
beneficial 20 the country.
I.isa Wei established principle in fl
nance thJ- the quality or value OF money
is regulated by the quantity, and that
the quantity of all the money in the
word regulates The value of all commo-
6.ties and products that are bought and
sold. III lie volume Of money Is large
prices viii be nigh. and II money is
scarce or boarded (and if it scarce It
viii De hCarleD prices Will be low. ms
principle has been repeatedly demon
s-ra.ed Id an times of the world MS
tory. and the men who secured the de-
m0neiz3-.0n of silver were familiar
with IL. They were money lenders OF
the word. who desired that their money
should become more valuable and they
accomplished their ends through cor
ruD- and d.sl0n9rab.e means. The re-
su.t OF characterization has justified
EhairjudgmeutaDd while iJ has brought
misery 10 millions. it has doubled the
value of their dollars. and It's cu.mina-
ton in -he last two years has brought
tha producing classes and the manufac-
-urers to- the verge of bankruptcy, and
If continued for TWO years longer, three
quarters OF the manufacturing estab-
ushmsntsnow operaungwiu be wiped
out of existence. and their plants VIII
PASS into the hands of the money iend-
els. who viii acquire them at from one
quarter 90 oue-,hird their value. The
election OF Mckinley, which promises
nothing but higher taxes and monop-
oily OF the sp0ils, cannot avert this dis
as,5r. as the United States Senate is an
ti-g1,d standard and shure TO remain so
for az least the next four years.
The only hope of the producing class
as is To legislation that Will cheaper
money. thereby compelling it 10 seek ia
ves-me0- I'm productive enterprises, en-
pl0yine labor and making market for
the farmers products.
The only way 10 cheaper money is 10
make more of it. With our minis open
90 the worlds silver as they were pre-
vi5us 90 1873. and as they are nov TO
gold. the demand for silver must be in
creased, and its value thereby app:e-
c.a-ed. ultimately bringing the TWO % q
parity.
All manufacturers who understand
this question are convinced that no last
Ing prosperity can be attained until the
agricultural classes (one-h2R of our
p0DuldjOn) receive prices that will give
them q prof, on their products, and
-lal ,h-y can secure better prices under
a gold standard is absupd TO Contem-
plate. Our farmers to-day are selling
.heir surplus products 10 Europe in COM
petition with Russia, India Argentine
and other countries in which gold is at
a h.gh premium. Ii is this premium on
gold which acts as q bonus on eXpOrta-
lions and has stimulated production in
all silver standard countries. As ,hrA
has been no depreciation OF silver in
silver standard countries. the farmers
there are getting as much for their
wheat, cotton and other products as they