The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-10-20
n 1Asi 'S',ptl Democrats Views on Fiat
Money and Silver.
WAS W.; OPPOSED 10 4I!NFLATEpN.

t',,fl' $500 " htrr Ills soh, Ferry bclmbnt,
M stands To-,inyi-iyn Chairman, Of the.
Democratic National Committee Perry
N ! n NJ Had no Connection with die
y lieni Syndicate, and Not u Palmer OF.
The August Bsimont Company.
x New York Times: Some Of the free
silver papers, In crltlcisins Mr.. Perry
Z Belmont for supporting Palmer and.
suckner. assert that Il his father the
late! August Belmont, who Tor many
4 years was chairman ot%thc National
Democratic committee, Were& aliyc, nc
would supporttheilegularss chicaSo TIC
ket and plato nm. lnretutation Of ttts
\ Statements nttendpnis called Y inc
X following letter written by Mr. August
4 Belmont 70 Senator Thomas F, Bay
ard, and 70 EthrS Hon. John Sherman,
then secretary ofi3the treasury;
g'liE 'NuRsEliY.tL J., Sept, 10, 1875,
MY DEAR iSs,S.>ToR:-I ihayeS not
4 been able 10 ejoIce over the, Republi-
n, can defeat in Maine. The success 9ot
7 the Greenback movement In that re-
!. sg!oni bodies no good to the country, and
sIstcar It Will make the dcmagogtes OF
our. party more reckless in their cow
ardlse. This IS u fearful bull, but 1t
expresses exactly what l feel II these
doctrines Of dishonesty and ignorance
5tpreNail, the5yery foundations OF our po-
litcal existence are endangered anu
self government becomes "a failure.
81 What.has become OF the astute intel
gsll2ers'e and THE common sense OF our
people? Donit3they see tl@te diStrust
and hyantEof confdencc are now me
/. only causes preventing our return! %
5prospsrity, which would ere this nave
4 come, to us.Sit 1t had not been Tor the
Z Wicked silver, bill. OF last year.
For 1.-THE first time III more Khan tween
3 ty years we have become u creditor
}nationiS Notwithstanding, thu large
amount. OF Federal and other SECURITIES
& 3ireturnc,l from Europe ana paid for py
our peo pie. Our exports are daily M;
!gcreasinete our imports haNe'dwih7
died DOWN by the economy 1ot our con-
Il 9s,irners and the compeIitaon OF our
home manufacturers. The agricultural
& interest," the mos. Important of all, has
prahab, y never been In sounder and
n more ttoarishing condition than 1t rs
4 NOW, 'illfe industrial and commercial
world have necessarily. followed IN TINS
i award marShfto sound and healthful
4 sactivtty,Sif Congress had only letSus
alone. Il an
The, idea that imitation by an addi-
stlonal Issue of irredeema Bile paper mo
ney Wilt raise prices and give better
remuneration to labor Is SO preposter-
Gus and insane that 1t Is incoIaprehen-
3 6sible 10 me how the masses can be mis-
Z led9by sucGr absurdities. For four years
tpast !. inonrI has been almost q drug,
50. that millions and millions OF money
invested In the banking business have
u been fwlthd, vlwn, because lt couia NOT
be usefully4 employed, or, IN other
words could not he loaned our AZ
II remuneratinss interest. io-uaS. you
cannot get o ger two per- cent per an
mum on undouibted. security. while the
large subscriptions to the four per cent
4 Federal bonds prove how much money
there is looking in vain for SAFE invest
ment.
IS,it39 IN the face of all this. real estate,
land. and all speculative property con-
tinue to decline. because they cannot
M find & purchasers. who are frightened
away blythe uncertainty on the future
Il Villa dishonest and iluctuatias cur
rency render that future more certain
AZ and encourage capital to come out
from its hiding place? The man who
81 asserts this is, either y fool or. q RhaEt.
Io5lk at the beauties OF the silver BILL.
~ The trade dollar. rith 40 grains of sil-
Yer. not being legal tender, Is selling.
4 at ninety cents in Scurrency.5swhliet rs
3 legal ii9tenler silver dollars of il21a
Is grains must he taken in payment FOR
W one hundred cents, thOughiit has Two.
4 ( nnir, cent less foftintIfnSic value. Why, 1t
81 d returning 10 bar earism to pass Such
lg3 la,yS; they are !1S,r. oppressive thin
1. any ausocrat wuSifd dare 10 impose.
iSt1 And You viii see next Congress-, IN
stead OF ratracing It's steps. after hav-
< &ingE seen that the values of the world
"a ard the fundamental principles 81: p9-
STfll,ical economy cannot . be le:;lslateu
Z away at washington, 90 from bad to
MORSE "A sg5 <, e ~. 81 s. III & q
M The silver bill having proved a fall
~ ure, not only IN nor raising values In
s general, but nor causing the silver
Duliion itself u appreciate In the
n,arkets OF the world (silver Is to-day
59l. pence an ounce in London, while
TX It Iyas; NJ pence when the slver bill
VI Vas spa ssed J, You I'm see next winter.
Il bills introduced for the unlimited coin
s. are Of The cheating silver, dollars. row
gsaS,y6rld silver Is to- day 52js pence an
~ ounce sereenbaclls. and also for, the in-
~ rrra sett, III NOT unlimited, issue of ir-,
u radeeErable government paper. Ana
& h II, great ts the tcbwardiccg OF those who
$Inlsr6present and 'mislcad the people.
s5ftflnt both these determinations will most
4 probably apass by 81 twu-thirds vote,
and after receiving II tardy. but high
b Bounding veto o. the executive, Will
II be passed over that veto. TO the de-
n light OF that dIgnltary. who will be
tsiad TO have, the responsibility taken
! from, his shoulder which an effective
st vote would bring TO him.
4 feel very gloomy at our future. and
AM 100 old to hope that,1 can live 10
vi see the return OF brighter days. That.
they, will come in time, and that reason
# viii resume her sway ferrently hope
4. and fully believe You are young
enough to witness 1t, and the noble1and
a. ,InWaycring stand which you have ta-
SS ken + by the Side OF right and justice
then surely find It's reward, while
s$$ even now, In all this dark md almost,
"a 5liopeless strugglc,,y0u have the proud
OF the appreciation VI every
honest man, and-whIt Is still better.
the approval OF your own conscience
s and selr.rGBpect. Ever yours most
s3% truly. ~ a DEiuSIS bFtLAONI.H
.!.I'E.s ilon.sThomas, F. Bayard, Whining.
.$:5ten. Del.
VI NEW YORK, %ov.tj7. 1877.
4 MY DEAR SIR: II fear that the
threatening position" OF the silver quas-
Re t4l1n5 VIII check completely any de-.
~ ,,nand fDrthed pert cent bonds here and