The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-10

hc kent at parity. with the gold stand
ard. and TINT this $500. 10000. instead
OF being reduced In value. viii remain
equal to gold anywhere.
Borrowers Throughout the country
Will have 20 recognize the fact that un-
Iloubtcdly they will have to pay more
FOR loans with silver ruling than they
now do with gold.
Again, II gold remains the ntandnrd,
and We rive our endorsement OF the
principle that VIC believe II IL the only
standard for us, tho money markets OF
the world will he open 10 ,is. and instead
OF having to pay high rate for money
borrowed, the chances are wo viii have
10 pny much reduced rntc-lcss than
TINT which even now prevails.
II Is estimated that London alone hna
many hundred millions OF Idle money In
It's hunks waiting FOR this matter 10 b4
settled, which Will undoubtedly be re-
leased and used to n large extent on this
side, II we commit ourselves uncQulvn.
cally 10 the recognized standard OF Eu-
rOpGnn nations. The course OF events
willbc, II we make the change In accord
nncc with the platform OF the silver PEG.
pie. that In November, rs SION M the
silver president Ia elected, there can he
no doubt at all but Europe win return
our securities in large amounts. For
these We have to pay gold or Its eQuva-
lent.
This will entail large export OF the
gold We now hold or Of commodities.
Gold will Mt once advance to n Rubstnn-
tiAl premium. No legislation can prob
ably be made by Congress until we'll
nlong In the summer Of 1897. during
which period our circulation Will he very
largely depleted by export and boarding.
The return OF our securities has got to
be at very much below tn" present val
untlnn ruling on our stock "XchanGr-
probably Is per cent to Is e. q per cent.
II we can avoid n serious panic during
such n crisis We may regard ourselves
as fortunate.
Under the most favorable circum-
stances we must look for great disturb
nnces In value to all classes. dl3organ-
iaatlon OF labor and n hardening of
money and general financial trouble,
which will he felt by all, whether the
farmer, the laborer. the mechanic or the
capitalist.
Cnnltal can always take care OF Itself,
and will feel the trouble, the least. nS II
can largely unload Its burden onto
others.
Now. legislation In favor Of silver.
when II comes, must be ut least from
nine months ~ year on. and Mt the
best It cannot do anything which VIII
speedily restore our circulation 10 Its
normal amount per capita, as il tukes
time to coin silver, the capacity OF our
mInts at present being only about $5,-
VOO.OO n month or $6OO0O.0OO year.
The following can almost be taken ms
aXloms:
No silver country Is prosperous,
No silver country has stable and
firm government.
In no silver country IS general labor
we'll paid.
No silver country has Its government
securities at par.
No silver country has good public
school facilities.
Now II the presentation OF the fOrcEn-
Ing Indlsputablc facts does not convince
the readers OF the lntelliEencer that II
Is NOT 10 the interest OF any class OF
American citiz-ns-eNcept the owners OF
silver mIncs-tO vntp for the free and
independent coinaGee OF that metal,
without waiting for the aid or consent
OF any other nation" then It Is apparent
they must be interested az candidates
for office on the free silver ticket. or
they are 81 much influenced by political
bias that they are utterly lost 10 the
voice OF reason and common sense.
r. H. NORTON.
Wheeling September 9.