The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-10-22

d ! : y . -
OF Uncle Sam. II 1t Is to be redeemed
In silver. no American traveller could
use It In Europe. But for faith in Uncle
Sam our seyen-thltty bonds and our
six per cent bonds could never have
been refunded at I'VE. four, three and
two and one.hult per. cent bonds. No
,The Garernment,s Credit. l
We saved untold millions by the faith
otilnvestors in our integrity. We have
had an immense dividend from this
faith. Had there been the faintest sus-
plcion that a single government loan
would have been paid IN money less
valuable than the money loaned, they
would have been drawing seven and
three.tenths and SIX per cent to-day,
In other words, they could not have
been refunded. .i'
Tho speaker showed how vital TO the
existence and defense OF a country was
Its credit. Thare came times when It
must raiRe money. Once tainted with
the falntcst tinge OF reputation gov
eminent credit was ut an end. He In
stanced the case OF the state OF Miss
issippi and how che made her name n
bye-word In theiworld by population.
Nobody would lend her a dollar. She
had even. refused to redeem her bonds
held by the Peabody fund for the cause
of southern education. He showed
why and how gold had become the me-
copied standard ofiflnnl settlement be-
tween nations and why silver had lost
Its places He traced the history of all
metals once used as money. and their
successive dlscontinuance because OF
their decline In commercial value.
He gave n particularly Interesting
sketch OF aluminium and Its greater
value than gold only few years ago
and asked how we should have found
ourselves to-day had we adopted It as
money. It has fallen from great ex-
pensiveness as metal to comparative
cheapness because OF the discovery of
IL rs an earth mixture and the separa-
tlon OF 1t by electricity. The trouble
with aluminium Is the trouble with sill
yer. II has lost Shalf its value as q
precious metal. 1t has Joined the pro-
ccssion of discarded metals. Hence the
nations have set their houses In order
and limited Its coinage. .5
Mr.. Campbell said that General Jack
sons administration In 1884 purposely
eliminated silver coinage, as Is shown
bya speech OF his champion. Senator
Benton. He further said that PIerce's
administration In 1858 took a further
step In that direction by limiting the
legal tender of all subsidiary coins to
iive dollars. So that in 1873 there was
no crime to commit Silver dollars
We're not colned-had not been for a
generation and few people now. living
had ever Seen one. Had silver not
fallen In price we should never have
heard of the crime of 49," Jones
and Stewart, OF Nevada, the two great
silver agltators, had specifically dis
tingrished themselves in. favor OF gold
In 10.
Wild Eyed Popocrntic Schemes.
The speaker referred to Bryan's sug-
gestion that this government could
raise silver to par by "pegging" It's
price at 81 % per ounce" He said n
man could use one single. expression In
speech that showed nm entire want
OF understanding of his subject. There
was no proposition for the government
to buy silver, but simply to coin and
stamp II at q fictitious and bogus val
uation. The world was to be invited to
bring on Its silver and have It coined
INTO dollars nominally worth one hun
dred cents. Look at the consequence.
1t would not be the mere raising of
our own silver to double It's present
value, appalling az that task would be,
but the silver OF all the world. Some
four thousand millions, for silver like
water, would find its level. There never
was such wild scheme preached
among men,,
And yet the preacher of It aspires
to be the head OF this government. The
result would be to engulf the finances
OF this country in ruin. Therefore Mr..
Campbell closed with fervent appeal
to his hearers to do all in their power
to ward off this great peril.