The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-04-09
. ~ Ealtor q tho Intolllr.nesr.

ihls Papor-LAwOf SupRly aud Demand.
70 tha Editor q The IntaIllgsnesr.
SIR:-In Che late discussions Of the
money question. both in and out OF
Congress. we have heard a great deal
about England being the creditor na-
ton and thus able to reduce the rest
Of the world to slavery. 40 discrimina-
ton was made between the producing.
industrial classes OF that country aud
the ihylOehs who manipulate gold bull
lion for their own interest exclusively.
The great mass OF the people of Eng
land feel the power OF this class more
than the American people do The fact
Is, when we come TO thc people who
fern the English empire. they are che
debtor classes. Commercially viewed.
the United States is really the creditor
nation. She supplies the food and rail-
ment OF the people OF the civilized
world. But for our agricultural produe-
lions starvation and nakedness would
ensue 20 most Of the European nations.
In the settlements between our own
people and other nations the balance"
Is nearly always In our favor. This
''baIance'' Is denominated In the Eng
lish pound sterling, the inter CONNER
ciai common denomihntaT OF value,
made 80 by the usage Of the world from
time immemOriRl. These balances
are never settled In coin" IL Is not
money that nations use in their settle
ments one with the other, but gold bull
lion, put into the scAle1 and weighed
and determined by the standard
the English pound sterling: or By other
commodities.
There can be no such thing as mo
ney'' as a legal tender between ma
lions, except by international grange
ment. Money Is a Illegal representa-
tive OF value" having no actual value
in itself. Money" Is created by law
and must have certain qualities, or II
cannot be money. viz: 20 pay debts; to
exchange value: 10 denominate value;
to accumulate interest Gold bullion, a
commodity, by the law OF natural Sc
lection Is the ultimate denomination o.
all value. II IL not money IN the ac-
clrnte sense OF that term. When We
have the federation of the world" with
power TO create money" BY legal en-
aStment. money" a legal representa-
tive OF value for the payment OF debts
between nations. we can then talk
about money in It's broader mean
ting. This probably will come when the
millennium comes. In the meantime, we
can make a beginning by recalling Mr,
RIalne'g Pan-AmRrican congress, 10 set
tie the silver question among the peo-
pies OF the free Americas. The fact Is,
this international arrangement talk
Cd 90 much by some OF the leaders OF
the Democratic party and OF the Re-
publican party. Il mere "niake-Rhift.
Il will never amount 10 anything. II
these pinchtack iinanciers would dis
miss an this international bimetalllsm
tax and let gold bullion. denominated
by the pound sterling. regulate the
commercial intercourse between gold
using nations and devote their ntten-
ton TO establishing a true money sys-
TEN on the American continent, they
would serve the people and do honor 10
themselves Let gold be relegated -
Its proper plaee-the international COM
mon denOminator OF value, In which, IN
our dealings with other peoples who use
sold as a so-called "standRrd"-being
the creditor nation--We share such
large benefits People who use foreign
money for their own private advantage.
and who. 70 get this money. must Of
necessity deal with the shyiOcks OF gold
bullion, must reap the harvest from the
seed they sow In such uncongenial SOL.
These borrowers are the sufferers and
not the producers.
Let US have commercial reciprocity
ana silver money" by international
agreement" IN the free Americas. Let
the silver dollar coined on an equality
with gold, be the common denominatoF
Of value on the American continent. CT
iis equivalent In silver bullion, upon
which Issue legal tender notes. which
will be good for all transactions amOnE
the peoples OF this continent. When the
old world sees this object lesson doing
tbe practical work OF money" among
the American nations, then we may eX-
meet 10 receive some consideration from
across the Atlantic. The thing for the
American people 10 do Is TO withdraw
all connection with the usurious loan
era OF gold bullion in Europe and build
IN their own commercial credit and
that OF the nations on the American
continent
The Republican party up to and In
Guiding Mr.. Blaine's acts OF statesman
shin, was the true American party. and
n il expects TO survive, win have TO
announce the broad and comprehensive
police laid down by 1fr. Blaine for the
tinIfcatipn OF the nations on the Amer
lean continent. This policy IS distinctly
American, looking TO our home and the
peoples on this continent, for our future
prosperity.
Mexico and South America, China and
Japan, England. through her gold
power. holds the trade OF the other ma
finns because they worship the golden
calf Silver ere long will assert Itself
as the leading coln-mnney between
American nations. Mr.. Blaine provided
for this advance In the programme OF
the Pan-American congress, In lSS9-O.
IN the following terse form,
''The adoption Of a common silver
coin TO be issued by each government,
the same 70 be legal tender In all com
TnercIaI transactions between the citi-
gems Of all the American states"
The coin economists. may for a
time. catch the attention OF the small
vendors OF financial heresies. but when
a comes 10 deal with the now complica-
led factors of our money system, st viii
require men OF wisdom 10 alsslpate
many Illusions. They will have 10 look
al the facts as they exist. and gradual
IL adjust our financial forces and bring
them 20 a focus where science can deal
with the knotty problem When pro-
per adjustment Is secured IN the inter
est OF the man, not the few, we may
then have the restoration OF the coinage
81 gold and silver. supplemented by
inconvertible legal tender notes 10
make up the deficit in quantity.
Bu, the young coin" orators and
An ANGEL of Mercy,