The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-08-13
HERE'S A CLINCHLR
For the Fees silrsrltrs to Chew Over.
Plain Expedition of Money Qutation.

fI"'h hNp".iiioh of Money QutAtion.
10 tho Editor OF tho lntclllgcncer.
Slll:-Mnny voters do not understand
the position OF tho Republican party
upon the silver question M connected
With the financial system OF the govern
mcnt. The termA "%goldItc." "gOid.huE,"
etc, applied By the advocates Of free and
unlimited c0iitngo OF silver to Rrpnbli-
cans and sound money Democrats hive
led many to believe that the election of
Mckinley ana a Republican majority in
Congress- would result In tho dlsconiIn-
uRnce ID silver az money and the use OF
gold olhy nR u money metal. The prcs-
ont money system IL q good one and
thoroughly sound, every dollar Issued
underIt being as good ms gold, The Re-
publican party has always been friendly
to silver nnl would stand by the present
system ana continue Il substantially as
1t IL, maintaining at n parity the differ
ent classes OF the circulating medium
now issued. which are, In round num-
bcrs. ns follows:
Gold coin ,;....;"n....,,.,......tiii,jOO. 0N
Subsidiary silver coins, ..,.,.,,,,, IG,9gIOOO
Gold certificates ,,,.....,....,.. lJ,B.D,IUJ
silver certificates ,.,.,,r...,,... 3iB,0i9,Ot 3
SILVER TREASURY notes ;.,,,."."... ial 1885, 900
Y. 4, notes WrccnhnckS). ,......,. 3iG,G 900
tHbtNtiNN
National mnnk noteS,.",......,., Us, 2lg,OC0
or the silver dollars, only 1fty-thrrc
millions are In nctunl circulation, the
balance being represented by silver ccr-
tltcateS which are preferred by the peo-
PIE for convenience.
Many still adhere to the belief that the
silver dollar was ~demnnUtlzcd by the law
Of 1919. That act, referred To by the
l'OpnllstS and Democrats as the "crlme
Of 1873" simply discontinued the coin
nEc Of the tl2iG grain dollar for the time
being, because neither gold nor silver
was then circulating M money, and for,
the further reason that because OF the
scarcity Of silver, that metal wns worth
3 per cent more us bullion than when
coined Into dollars. or in other words. the
silver dollar was worth three cents more
thnn the gold dollar. The silver dollar
was not a~cmoncti2ed and has continued
10 be the money Of the realm" Ms surely
ns the gold dollar, and any debt, large or
small. mny be paid In silver dollars,
which nrC Il legal tender for any amount.
Not even the silver fanatics will deny
TINT the free and unlimited coinage of
silver will result in II greatly dcprccilt-
ed currency, u dollar OF about One-hRlt
the value Of the gold dollar, md It Is well
known that with n circulation OF depre-
'llNNNl lllHNiNs WIN - Pun NAllGlllb lJN
tr correspondingly rrduced, the rates OF
Interest for loans are always increased,
as witness the rates prevailing during
the g~recnbRck imitation period from war
times to 1879. when the government had
10 pay from s per cen In gold equal TO
more than 10 per cent In currency to
more than Z per cent In currency on Its
loans. and when private loans ranged
from G TO IL percent. according to local
lily. But from the time that specie re-
sumption on q gold basis was assured.
rates OF interest began TO decline, and
now the government Is able 10 borrow at
about 3 per cent, while business men In
good credit. obtain money NJ from 4 to
I per cent.
To the credit OF our level-headed
mOuntainecrs, the free sllver craze has
not gained much Roadway outside OF the
Democratic opuliStlc combination in
this section OF West Virginia. for we are
wont TO attach much greater Importance
to the restoration OF the 10 Cen tariff tax
on wool, which will benefit the farmer,
md. ms your timely editorial suggested,
preserve the SOIL Of our hillsides from
washing away, thun we do to HI en-
richlnE OF the silver mine owners at the
expense OF the masses.
With a national ticket headed by one
OF Americas greatest statesmen, and a
state ticket made up OF able and pro-
gressIve men. with the matchless Atkln-
son al Its head. you may expect old Pres
ton to do her part in carrying the state
FOR both tickets by n majority that will
surprise the Pryun!tc party.
FRANCIS HEERMANS.
klnSwood, W. Va. Aug. II.