The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1896-10-23


In the following letter to Nh. Bayard,
then senator from Delaware, Mr. Bel.
mont not only made a startling prophecy,
but mace the issue SO plain that his letter
could be used today as an unanswerable
argument against the Chicago platform.
Here It Is: 81
The NURSERY, L. L, Sept, Is, 1873.
M1DEAR sHsAToR-I have not been able "a
rejoice over the Republican defeat in Maine.
The success Of the ereenback movement in
that region bodies no good to the country, and
fear It viii make the demagogues 81 ON
party more reckless In their cowardice. This
. fearful bull. but It expresses exactiy what
11eel. these doctrines Of dishonesty and
ignorance prevail. the very foundations Of our
political existence arc endangered and sell
government becomes q failure. What has be.
come Of the astute Intelligence and the com.
mon sense Of our peoples Don't they see that
dtssrust and want Of confidence are now the
only causes preventing our return to prosper.
ity. which would ere this have come TO ma IL Il
mao nos oeen for the wicked silver bill Of last
yearf :
The idea that imitation and m additional "a.
sue OF irredeemable paper money will raise
prices and give better remuneration to labor
u 80 preposterous and iusnne that Il In incom.
prehensible TO me how the masses can DO mis-.
led BY such ausurdities. For four years past
money has almost been drug, 80 that mil.
lions ana millions OF money invested In the
cause II could not be usefully employed. or. in
other words, could not be loaned ont at q re.
munerattng interest. Today you cannot get
over per cent per annum ON undoubted sa.
curly. while the largo Subscriptions to the 4
per cent federal bonds prove how much money
there " looking In vain FOR safe Investment.
In the lace of all this, real estate land and al
speculative property continue TO decline "a.
cause they cannot find purchasers, who are
frightened away by the uncertainty OF the IN.
ture. Will dishonest and fuctuatinp eurrenos
render that future more certain and eneournr,,
capital TO come out from Its hiding placer The
man who ASSERTS this Is either a fool or a
knave.
Silver Legislation.
Look Mt the beauties Of the silver bin The
trade dollar. with 40 grains of silver. nc, be.
ing legal tender. is selling at W cents in cur-
rency, while the legal tender silver dollar OF
4l21s grains must be taken in payment for 100
cents, though II has 9 per cent less OF intrinsic
yalue. Why, 1t is returning to barbarism. to
pass such laws. They are more opnressiye
than any autocrat would dare to impose. And
=
ing It's steps, after having seen that the wines
OF 1ne world and the fundamental principles Of
Pontical economy cannot be legislated away
NJ Washington, 90 from bad to worse.
me SILVER bill having proved failure, not
only in not raising values in general. but NOT
even causing the silver bullion itself 10 aupre-
ciate IN the markets. OF the world (stlyer r. 10.
DAY Sgd. m ounce in London, while ii was
et5ad. when the silver bill was passedl. Won
VIII see next winter bills introduced for the
unlimited coinage Of the cheating silver dol
lars now worth about 50 cents in gold or ereen.
nacks, and also for the increased 10 Mt mn
iimited issue Of irredeemnble government pa.
per. And 30 great Is the cowardice Of tho.se Who
misrcpresent ..id mislead the people that both
these denominations will most probably mas nv
atwo.thirds yJte, and, after receiving = tariy
nut nigh sounding veto OF the execntiya. viii
90 passed over that veto, to the dielipht a that
dignitary. who will he glad to have the n.
sponMeility taxen from his shoulders which
an elective veto would bring to HIM. i feeI
very gloomy AZ our future and am - oid b
nope that can live to SEQ the rrturn Of
brighter days That they will come IN Tti,ne.
and that reaso-. will resume her sway. i fer.
ventiy hope A..d fully believe Yen are younp
enough to wit.ess II, and the noble and mn.
wavering stand which you have taken by the
soc OF right and justice will then snreiy ind
us reward, while even now, In Nil this dark
anu almost hopeless struggle, You have me
proud consolation Of the Appreciation az every
hohest man, and. what Is still better. the an
Provai OF your own conscience and self re-
spect. Ever yours most truly,
Hor r.. Arousr BEIxoN1.
1Aoti. aaomas y. bayard. Wilmington, Del