The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-04-17

went into power, the United States had
become prosperous beyond the most
Ganguine expectations. In 1851, when
the Democratic party went out OF
power, our total wealth was $4,000, ,00o,-
900. In 1893, when the Republican
party went out Of power, our total
wealth was more than $4,000, ,0O0, 600.
The year 1892, says Dpn'g Review Of
Trade, Has been the most prosperous
ever known in buqfneBs.' IN the year
1898 the Republican party went out OF
power while the wheels OF industry
were steadily turning and labor had
plenty OF employment. The Democrat
ic party, pledged TO its doctrine OF FREQ
trade, came IN. Confidence was shaken;
the wheels of industry stoppedi hun
dreda Of thousands Of workingmen
were thrown out OF employment Cox
ey's army invaded washlngtoni mills
shut down: banks failed; railroads
went into the hands OF receivers, and
depression followed which called TO
mind the disastrous panic Of 1873.
SIN the year 1894 the wilson German
tariff act was passed which has been
rightly named a tariff for deficiency"
Scarcely q month has elapsed since II
became a law in which the receipts
Of the government have eduRiled the
expenditures, and the government was
Obliged to do that which 1t had never
done before since the days Of James
Bueharan-borrOw money to pay It's
rInning expenses in the time OF peace.
Taking UP the subject Of the cur
rency, Mr.. Hamlin argued against the
16 to silver coinage proposal ition, saying:
Upon this basis, the gold and silver
dollars would not circulate side By SIDE
in this country, and instead OF more
-. Tk HoRnnN
be believed that a man would receive
his own pay in silver worth fifty cents
on the dollar, and pay his own debts In
gold worth 100 cents on the dollar, Gold
money would not circulate with the Sill
yer for payments abroad where 1t Is
the only legal tender money.
ait Is not more money that we want,
but what we do want Is that party in
power pledged to honest money which
will not break its faith with the people,
so that the man who buys bond pay
able in ten or any number OF years TO
come, or makes contract for labor
or for manufacture on which money Is
to become due in the future, Will know
that he is to be paid in dollars worth 100
cents each, and not In anything which
may be worth the fraction Of q penny
less.
'Let the Republican party pledge It,
self anew to the doctrine OF honest
money, inspire confidence in business
and save its prosperous and respected
country from bankruptcy and dlshon-
or"
The committee on resolutionsreport
the platform which was unanimously
adopted. It stands out by recommend
ing Reed for the presidency, adding:
Then, with confidence and prosper
lty restored, revenue Will be made ade-
quate to the support Of the government
and the isuslng OF bonds ostenslbly for
the maintenance OF the redemption
fund, but really to meet deficiency. Will
cease. He is opposed to the free and
unlimited coinage of silver; believes
the present gold standard should be
maintained. He has always been un-
compromisingly for the measures Of the
highest national credit. Our candidate
favors measures for the restriction Of
immigration. He favors Just adminls-
trntion Of all pension legislation, and Is
an earnest friend OF American shipping
and It's restoration to Its former rank
In the world. He stands for the preser-
walton OF national honor at home and
abroad"
Governor Cleves, Hon. Llewellyn
Powers and Herbert NJ, Heath ali made
brief speeches endorsing Reed and his
poilcy. The convention then adjourn.