Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1896-09-13

have given backs to all the rest that
they might carry the burdens OF life.
applause. The constitution did not
suggest that any class of people was
to ac, for any other class. Z the
founders Of the constitution had ever
supposed that a question would ariA-
like the money question and lad
thought That it could be 2 .Ily settled by
financiers then our forefachers would
have written in the constitution that
while on most subjects all the people
might vote, on the money question
only the fnanciers could vote applause
and laughter. When the ballot was
given to you il was given upon the as
SUMPTION that you had the Intelligence
and patriotism necessary to use it right
and | believe, MY friends, that Won
have applause, and a voice good boy,
Willie. h, 'em ag&in.'O
Now, | want to submit for your con-
sidera,ion two or three propositions and
! believe that they are so clear and so
p'9in that everv one of Won here can
recognize the force Of them. In the
fiIs, place, / call your attention to the
fac, that tiTs Republican party in its plat
form and through It's public men is
making no effort to supply the people Of
the United States with a sufficient
amount of money 10 do business with.
In this government publication, IS
sued by the treasury department on tha
first of July. 1896. | find a statement Of
the amount of money of ali kinds in cir
culation for the various years. In 1894
the amount OF money in circulation was
S1,66O. 700 900; in 1895, 81, sol 100000 a
decrea-e in one year of $50 600; In
1885 ~ amount had fallen about $780,
600 .000. In other words. in two years
time there has been a decrease Of 10 per
cent.
This treasury report shows that
while the per capita circulation in 1894
was $242S per capita. in 1896 1t had
fallen to $21.10. q fall of more than
SO per capita. (Applause). a voice:
Il haven't got five cents in my pOcket'O
Oaughter). There is an evidence in the
remark Of my friend that even the de-
cI-zse per capita is not distributed
with absolute equality. Oaughter).
Instead of there being decrease there
ought to have been an increase each
year. Senator John Sherman (GrOans)
June 6 1890, said:
IF our present currency is estimated at
81. 100000 coo and our population Is increas-
ing at the rate Of per cent. per annum,
it would require S42.OlO.OoO increased cir
cuation each year to keep pace with the
increase Of population, but as the in
crease of population Is accompanied by
still greater rate of increase of wealth
and business. it was thought that an i'm
mediate increase in circulation might be
obtained by larger purchases Of silver
bullion to an amount sufficient to make
good the retirement of bank notes and
keep pace with the growth of population.
Assuming that S540OO,OOO n year additional
circulation is needed upon This basis. that
amount is provided for in the bill by the
issue OF treasury notes in exchange for
bullion at the market price"
He says we need an increase Of SOOOO00o
every yesr. and yet in the last two years
we have a decrease of about S15OOcO 900,
CappIause). making a deficit Of about $3.50
OOO. 600 in the currency. Now if Mr.. Sher-
man did right in 1890, / want to ask why It
is that the Republican party has made no
provision whatever to satisfy the need Of
an increased population. (Applause)