The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-10-28
HOW SILVER WORKS
In Central hmer.ra-A Letter 10 West
rir-Inian which Explains Itself.


Samuel D.. Spellman. n prominent
business man OF Blueficlds. Nicaragua.
and formerly one OF the leading Demo-
cratic politicians OF Indiana. has writ
ten D. C. ranBusklrk. OF Elkins. ".
Va, the following letter. which ctfec-
lively explains how free silvc- works In
Central America. The letter Is us fol,
lows:
Mr.. D. C. VanBuskIrk. Elkins, ". Va.
DEAR FRIENp:-Yours OF August
90 at hand, and as usual, was glad 20
hear from you. 1t is pretty hard for
good Democrat to admit that you have
the political situation sized up about
right. was always willing 10 swallow
n few hard bites and stay With the
crowd, but the way they gave 1t 10 US
at Chicago, is TOO much. ! should vote
for the Indianapolis ticket sure IL at
home. II not that. then suppose |
would vote for Mckinley, TOO many
Pops. and too much anarchy TO suit
me There appears 10 be n great rHny
good people for free silver. | am very
much opposed 10 that also l have had
eight years experience In countries OF
silver currency. or paper OF equal val
Tie, and can say it Is bad for all classes.
When came home eigh: years ago
silver dollar was worth seventy-fivc
cents: It has gradually gone down to
forty-,HlCht cents or lower, and ut
times varies 10 per cent in thirty days.
You can Imagine thn trouble and I'M
satisfactory way this Is FOR a mer-
chant. especially II he sells goods on
credit. He marks his goods, say valuing
silver at SiNty-tlve cents. sells some on
three months time. and they may be
.1I at u n
ilfty-threc cents, He gets the worstof It
to n certain extent, but protects HIM
SELF as much as possible by getting
greater profits. which the consumer
pays.
Merchants mus; continually be
changing prices and be subject to n
great amount of other petty inc0nve-
nienceS too numerous 10 mention. THE
LABORING MAN GETS IT IN THE
NECK on ALL SIDES. HIS WAGES
DON'T co UP EVERY TINE THAT
SILVER GOES DOWN, IN FACT THE
WAGES OF LABORERS TODAY.
WITH SILVER WORTH FORTY
EIGHT CENTS ARE JUST ABOUT
WHAT THEY WERE EIGHT YEARS
AGO WHEN SILVER WAS WORTH
SEVENTY-FIVE CENTS. HE PAYS
A<GOOD DEAL MORE. HOWEVER.
4ttIN EAN EII lEllsNH liz bS - az
WORKS JUST AS HARD FOR 4
FORTY-EIGHT. CENT DOLLAR AS
HE DID FOR ONE WORTH SEVEN
TY-FIVE CENTS.
II the United States OF America
should have free coinage OF silver and
be unable TO maiEtnin II TO one hum
drcd cents on the dollar. imagine they
would be In more or lees thu same fix
as these Spanish American countries.
HOW THE UNITED STATES OF
AMERICA CAN ADMIT ALL THE
SILVER OF THE WORLD AND
ALONE MAKE IT WORTH ONE
HUNDRED CENTS ON THE DOL
LAR, Is SOMETHING I AN UNABLE
TO UNDERSTAND. They don't even
limit 1t 10 the silver mined In the Uni
ted States WHY. EVEN IN THIS
LITTLE REPUBLIC, I AM INFORM
ED THAT a BANK OWNED BY
ENGLISH CAPITALISTS HAS A
MILLION AND a HALE OF THESE
FORTY-EIGHT CENT DOLLARS
STORED, AND STILL STORING
WITH HOPES THAT THEY WILL.
BE ABLE TO SEND SAME TO THE
UNITED STATES AND HAVE THEM
COINED INTO ONE HUNDRED
CENT DOLLARS, Well, I Eucss you
hear so much OF the silver question that
you would be glad II stop short. but l
corld write you n book OF the evil ef-
fccts OF 1t.
SAMUEL, d. SpEIJNItN