The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-07-23

years OF Democratic tnrlrf has been n
tremendous loss.
Loss on wool ana sheep about. s 100000
| Loss by Hnlc OF lumber by ru.
duclng tho price to meet Can
indian lumber, "n.."., .""": 100000
Reduction IN price OF coal caused
by cheap coal from Canada.
| which icasencd the price OF Our
rnal Since the passage OF tho
| Wilson bill tho price OF coal IN
| West Virginia has declined from
| 10 to 10 cents par ton, tho pro-
ductl0n for three years has been
nbout thirty millions OF tons,
making ,..""..:.......,.,,",. 100000
Add TO this lOBH on West Virginia
coal displaced IN Now England
| markets by Canadian Conl,,,,.. 5000
''''.".',,,.,,.,...",n. 5000 900
| a direct loss OF more thnn Ave mill
Ions OF dollars to our people on these
articles, not to speak OF losses in prices
OF Iron ore, pig iron and manufactures
of pottery. But the greatest loss has
been IN the employment OF our pcoplc
and the wages they would have earned.
IN west virginia, Hnd indeed in the
| wholc south, the day OF emancipation
Is at hand Tho people arc unclaimed
from the passions and prciudIccs grow
llS out OF the war; which for n quarter
| W N''iNuip 'bNNllNN WIi economic Ia
| sues and prevented them from seeing
their true interests. Sectional lines nre
! now obllteratcd, and hope fovorcr.
The people OF tho south can no longer
| be deceived by fcHr Of negro domination
| ana force bills. Tho material interests
| OF tho south, Its future DEVELOPMENT.
and progress, depend largely upon pro-
| lection
As political lines are now formed and
1nder the ISSUES raised by the Demo.
cratic platform at Chicago, the Repub-
| llcan party feels that II can consistent
| ~, and II does earnestly md cordially
| invite the old-tlmc Democrats OF tho
south and OF West Virginia, and cs-
pecially the young Democrats who have
to make their political choice for the
future, TO como with US and help us
| We feel that no tie OF the dead past
| should bind them longer TO fight the
| battles or the new Democracy under n
| nag upheld by Altgeld, Tlllman. repu-
| diatorS and Anarchists and in bchnlf
Of principles and policies not only at
| war with the safety OF free government
and society and the preservation OF law
and order, but opposed to the welfare,
progress and prosperity of our beloved
Mountain State.
| The sale OF bonds under Mr.. Clcve-
| lands administration ~ one OF the most
| disappointing chapters in the history
or the country, one that every patriot
! wishes could be blotted out.
Increasing the public debt in time OF
| peace was bad enough, but this was not
the worst feature OF the bond sales.
| President Cleveland sold sGS.3l5.4O0 1
per cent thirty year bonds. without
Observation-Disclosures public notice ,un-
| der private contract TO q syndicate OF
| bankers, In the presence of only Il few
parties, the secretary OF the treasury, a
| former law partner Mr.. Cleveland and
the agent OF the syndicate, at 81 0tH
when the same bonds were selling
freely in the market at 81 l6 and 81 Il.
| This action OF the President and the
| Democratic party has provoked harshcr
! criticism, caused more disappointment,
| more humiliation TO Americans and
mUre scandal, than any other trans
action in the history of the govern
ment
The sale OF bonds under private con-
tract cost the government six or seven
million dollars, a larger sum than the
cost Of floating the great war loans.
| amounting to more than $500, 900 900
during and following the war. when the
| government was In great distress and
| Its credit In peril. and our national
wealth was not equal to one-fourth of
what II ls now The total cost OF float
Ing the war loans under Republican
rule was about S5,500.o00.
For twenty-five years and until the
election OF President Cleveland and Il
Democratic Congress the public debt
was constantly reduced and the public
credit OF the United States under wise
| legislation and able financial manage
merit was the highest in the world
The fourth bonds sale for 3l0O, 900, 900
was In February, 1896. Some Demo-
cratic journals and Democratic leaders
advocated that this sale should be
| made under private contract, on the
ground that 1t was the only way TO
| preserve the gold reserve and sustain
tn credit OF the country. and because
| there was not gold enough in the coun-
try to permit the people to subscribe
| for the lOan-the same arguments that
were brought forth to sustain the pr!-
vatc sale. The details OF this sale, ac-
cordlng to the papers. were all arranged
| and 1t was confidently believed by ev-
| cry one that the government would
| again be placed In the humIliating posi-
| ton OF selling Its bonds under private
| contract at 81 0ta, when on December
81, 1895, had the honor OF introduce
| Ing in the senate resolution declar-
Ing It to be the sense OF the senate that
no more bonds OF the United States
| should be- sold under private contract.
| but only after due notice and advertise
ment asking for bids. According to the
papers everything pointed to the sale
| OF 500 .eOO,00O bondS-Geing made In few
days after the resolution was introduce
ed. The resolution was opposed vigor-
81, k,,C
the champion OF the administration. In
the debate Senator Hill declared that
| the resolution was nnwIse, sensccss
| and would hamper and embarrass the
executive; that the people did not have
| the gold to subscribe for the bonds.
| Yet the senate voted by forty-eIght to
six to takcNit up. This Vote was signin-
can't and clearly showed the Judgment
| OF the senate. Or the following Monday
| the President and the secretary of the
| treasury offered the bonds at public
sale, giving thirty days notice. The
sale took place in the early part OF Feb
ruhry, the price realized averaged
81 l0l2. The bonds were subscribed for
six times over, by 1910 bidders. show
Ing that there was no necessity for
private sale and the people not only
| had confidence in the government, but
''ht tHtIS Nuo Suuu'uuV,Vtu VI BuIi III Inc
country. ready to be loaned by the pco-
pie 10 the government. this. too. when
there were rumors OF war with Eng
land. It Is believed that but for this
timely resolution, brought forward by
Republican senator, and the vote on It
In the senate, the President would have
again made private contract to sell
the $l00,0 1000 OF bonds, out OF which
the bankers would have made at least
| Sl0.O00,O00.
New Democratic Party Demands Free and
Unlimited Coinage ofSiIvrr.