Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-09-28

Bridgeport. O., Sept p.
TO Tho Editor of the Register.
SRI desire space 20 answer the
moss important points advanced in Mr..
Grllsm's address of yesterday at the
Ac,ua-S1ndard mill.
AR. Graham's first argument was
that previous 20 1873. under free cO.paga,
We had coined and in circulation Only
about one dJnjIi and forty millions
Oi silver ~ standard silver dollars and
subsidiary silver, and since the great
Germ o. Gem0uet.zlUOn," we had COIN
cd at0u- five hundred million silver
dollars. ard wanted 90 know how that
operated 10 knock down onc-half of
our money meal. I'm the first place.
we remind him that in 1873 we had in
this country iu circulation about one
hundrai and siX-y-fve millions
OF foreign silver coins which
were full lega. tenders. which would
make our silver money about three hun
dred and Eve millions. But this is i'm
material. His statement is mis-
leading and intended to deceive.
II he wanted 10 BE- perfectly fair he
should have some on and described tn
difference IN the character of the silver
as now coined and that Of - and be-
fore. Our silver as now coined upon
government account. depends entirely
upon frs n-erchsngeab with gold for
its value, just u the same way that
orr g-5enblcks do for their value Il
Is in every essential character fat
money. not rs good as grsenbackS, be-
couse they are now redeemable in gold,
while our silver is reieemable in moth
ing, only i1JeTchabla with gold and
nothing more. The Interchangeable
amounts ~ nothing. because il depends
upon the willingness of the government
or individual holder of the gold TO eX-
change You gold for iJ. II the govern
mcct or individual makes the exchange
for Won f. VIII Pc In the nature OF a
persona, favor. TAKE five silver dollars
AMI 90 to YOUR bank and Try 70 have
them excb -nged for a fve-donar gold
r.lca Write The United States Treas
Ur5c and 3Sk him if for 600 silver dol
lars he VIII send in exchange 1000 gold
dollars. The fact IS then thar We have
we,vo hundred Millions OF dollars Of
fat money, silver and paper. depending
for their value upon SX hundred mil
lions Of gold. Or, in Other words 10
maintain the twelve hundred millions
o., cQu2. value with gold. IL must be
lppar-n, 20 the money changers Of the
country that the government will and
can redeem it In gold L has been Dis
covered hat twelve hundred millions
cannot be redeemed with SIX hundred
millions. The money kings of the
country have no coufdencet in any kind
Of money except money Of final re-
GemDl0n. and they have shown this by
Withdrawing gold from circulation and
diScrejing silver That this is trua
is shown bv the fact that there IS prac-
tica,y nothing left for circulation but
silver and silver certificates. Do YOU
see any gold or treasury notes and
cresubacks which are redeemable in
gold going the rOunjs2 Would Il not
have been a splendid thing. for the OC-
cas-. ou. if the As-na-Standard had paid
You in sold on Saturday? Suppose you
petition them TO T7v yOu in gold the
mex two pays. We think You will
then discover the d!Terencs IN the char
acter Of the silver money of to-day and
that of 20 and thar proposed by the
Chicago platform You will then dis
cover that the interchangeability Of sill
yer with gold IS myth.
IN -hts connection. we might ask Mr.
Graham why silver was demOnetzed in
ra This Is an impOr,an; question, and
he should have explained it. Silver
was then worth more than gold. Why
did they not demOnet.ze gold? What
would have b.en he effect on the COM
me-c.al price Of gold. il we and Ger
many and the Latin Union had demon
etized i- i'm II and 10 instead of silver?
We are all agreed upon one fact. thlC
We ne-d more money. John sherman,
who is the Acknowledged Republican
authority on finance. SAYS We should add
one dollar Der capita every year. In
seai of two dollars for the last two
years. we have lost $314. making. in
fact. loss Cf $51f in tha last TWO
years. or. in other words. We have SUI
faret q contraction of our currency of
three hundred and sixty millions in that
tine. Then We are safe in adding 10
that atl -ha gold 0utS.d7 O, the treas
u-v bun li-lo Of which is In circulation,
end we have q total contraction Of
some hiuE IKE EIGHT hundred and sixty
millions Of dollars Two years ago the
Republican platform Of Pennsylvania
declared tlet our re- capita circulation
should De So. In 1850. our per capita
was S13. and today ir is $21. In that
tim orr reputation has doubled and
business has OU3drup,e3. Is our cir
Cr'atug medium Keeping progress with
cur population and development, OF bus
ineSs IS fast as John sherman thinks it
sA0rl19 Then as We need more money,
how are we going ~ get it under this
gold standard system We have stop
Pei coming silver except the bullion
against WI ,l there is outstanding
treasury notes. and tha, adds nothing
o. our volume Of money, except the lit
r. bit of se.00rage. Under this system
there is bu- two ways In which We can
increase our volume Of money. One Is
by selling bonds from tine 10 time 10
fore'E1 countries. AMI the other by is
suing paper money. as IN tbs days OF
tho SOS
Mr. G's proposition g that the less
money there is 70 circulate among the
people. Che more each individual will be
able -o get for his labor and products.
The proposition If Nr Bryan and the
Democratic platform IS. that the more
money there IS I'm circulation. he more
zach individual, VIII 60 who has labor
or products O. sell.
Anv S, hoo' boy ton wears Old knows
r.- -r., r,t.-fr-- 1er,er-.'- anon rho size