Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-03-21
SILVER AND GOLD.
their Relation and What Their
Relation Should Be, Accord
ing to George W. Hall.
} The Editor OF The REGISTER.


10 the Editor Of the Register.
The direct payment Of the govern
nenrs debts in gold coin increases the
difficulty Of maintaining the reserve in
The treasury. The 500 0.o00 reserve
is to protect the government against
The redemption OF SS46. 1000 Of green
backs and about 500. 0o0, 600 Of treasury
notes. If silver was on an equality
with gold it would be used to carry at
least half the burden now imposed On
gold. AS Fl would then be redemption
money. silver is not the lawful money
of the limited States because a SumclehL
part OF It's lawful functions was destroy
ed lwhen dem0neJizedl 10 TOD III Oh De
ing a LEGAL tender IN the payment OF
government obligations. IL silver mad
not been disrObed of It's features OF re-
demDtfOn there never would nave Deen
q single bond issue in times OF peace.
N would have done away with the least
necessity of a gold reserve and nave
given new life 10 our decaying indus
tries and steady employment 10 MIL
lions OF idle labor. The disparity be-
tween gold and other moneys was pro-
duced In the different acts OF Congress
that created them aud clothed the gold
dollar with the only true functions as
money. After securing the government
debt under absolute gold payment by
inserting its payment ia coin, IL was
Known taQt the act could only mean
gold only. unless silver was demone-
uzcd. Hence the holders Of our gov
eminent bonds az once began 10 scheme
,1 drOD silver from its equality with
sold. which they finally accomplished
in 1873. The parity between the Two
metals parted OIL once and gold leaped
To- the highest possible position In l1e
functions of money. You see The parity
was destroyed by giving the gold dol
lar a superior function over the silver
dollar Such is uue of paper money IN
its relation 10 sold. The first issue OF
green5acks was receivable az the GUS
tom house I'M the payment OF duties and
also received us interest on the public
debt. Creenbacks end gold were on
parity. But when that paper money
was deprived OF these functions the
parity was entirely destroy ed. N lep
leinstated with that money function III
would Immediately restore the lost par
fly. It would appear tO man with one
eve open that the parity between gold,
silver or other money was destroyed
by the organized bond holders ON pur-
nose no enhance the value OF their hold
iugs, through legal robbery. The COM
merce of the United States can never
be successfully moved by the use or
either silver or paper money after us
functions have been made unequal IN
purchasing or eXClangeable value. The
constitution declares th2t all people
shall be equal before the law. So much
as TO- say that &c is criminal for Con-
eress 10 enact any law JhaC would
discriminate between that money func-
ton REPRESENTED by one class of peO-
PIE as against privileges granted the
dealers I'm gold When at the instance
of the bond holders Congress deprived
silver of it's leading money functions,
ne have seen common values fall on
one hand and rise 90 majestic nights on
The other. Millions of laborng people
being deprived of the liberty Of making
"a rasDectable living for their families
IN consequence Of the disparity i'm our
money circulation or laws reaching
along the same line, demonstrates TO us
chat the grand principles of the consti-
tuition of the Omitted States of America
are thus made void, as far es 20 form
q more perfect union, establish justice,
insure dOmestice tranquility. promote
the general welfare and secure the
blessings of liberty 10 ourselves and our
rr1Derity rs c0ucered. Under such
special legislation the wealth OF this
country is gra 'ually falling into the
hands o. those for whose special bene-
E- such legislation was enacted. The
farmer feels the terrible reaction
through The unsurpassed mdercon-
SUMPTION Of his products Hundreds
0f thousands throughout the list OF
large cities. unable 20 find steady em-
ploymcnt. are equently upnaOle 10
purchase beef. mutton or other farm
products I'm quantities sufficient to keep
The wolf from the door and as the in
Gustrial 1ple are The real consumers,
the market steadily declines as The
number OF unemployed persons in
creases. In 1916 England adopted the
gold standard and thus made gold the
only legal tender It was cunningly
laid piece Of conspiracy on the part Of
English bankers. and finally resulted
in inducing The United States TO follow
the precedent Their success was as
sured and France. Italy, Belgium,
Greece and Switzerland, the Latin
union. we're soon the victims Of this dia-
boEcal act. The United States was the