Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-06-20
Currency and Banking.

To the Editor of the Register
With gold as the standard of value
as at present, we have and shall con-
tinue to have al the silver that can be
used, now amounting to about $780,
600 900. With a silver standard there
would be no gold nor paper represent
ing gold If there is such thing as
practical bimetallism we have it now,
but 1t would disappear with free sill
ver"-Chicago Chronicle (Gold-bug
Democrat June II.
With the government out of the bank
ing business, the banking business done
on a gold and silver basis, mot on a
bond basis), free banking, and the
States and large cities coming money
under general laws that the same may
he uniform, the basis of silver would
be augmented 100 per cent. and its
price kept up and a stable basis made
for paper currency, the same TO be is
sued in amount just in proportion to the
specie in the bank, and no more.
The above points carried out would
practically give the people free circu-
latiOl of money with no federal inter-
ference whatever, and we would have
a money system o. our own. When
Congress provides for our money sys-
TEN it has gone as far as it can about
money. 1t cannot regulate nor provide
for money outside of our country. No
country can. Laws of commerce Of the
world place no reliance on the money of
nations except to determine its fine
ness. Weight governs letters OF credit,
and contract regulates the barter Of the
people between nations International
agreement about the use of money is a
humbug and myth and could not be
made to regulate the price of gold and
silver.
A crazy lot of idiots talk about in
ternational agreement as to money.
The import trader laughs when that
subject is mentioned. Only states Of
free institutions talk about interna-
tional agreement about money. Our
republic should push right ahead and
coin all the silver they can get hold Ct,
and make it with gold the basis of
banking and for free circulation among
the people; not hoard a dollar OF it.
Let the States and large cities coin ali
they can get hold Of, the more the bet
ter. It's money; we want it, and lot
OF it-billions of it. What a fool idea
to say it is too cheap for money. The
way to make it dear is to provide for
its use. We could use $4,000, 600 900 of
silver to-day for banking purposes ami
not feel it. This would be the way 40
regulate its price so it will help gold in
the money system. Is use would
cheaper gold and raise the price OF sill
yer, and the price of the two would be
very near together. If there was a diff
ference in price the banking law could
provide for a little more silver - be
deposited than gold, so the paper money
would be an honest gold dollar, or vice
versa. The plan o. taking care OF our
selves works best when we get an hon
est basis for our money system. God
and silver is that honest basis AMI moth
ing else can he under our presen! con-
stitution. Our present financial sys,
tenn is going to burst one of these days
if it isn't changed, and the gold bug
idiots will be the cause of it. The lions,
fools and thieves ought to be taken our
of government business and shut up in
purgatory for a few years. Honest
men would then get their dues aH3
their rights.
LUCIUS o. WILSON.
Chicago, Ills.