Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-09-24

same ratio will prices advance and
| prosperity return to all producing in
| terests
When the people obtain more money
| for wheat, labor, or anything else,
they will spend it in all branches OF
trade and industry for the things nee
essary to their comfort and happiness.
Suppose that wheat (Which has been
/ used by the people of the world for
bread since it commenced being grown
from Mother Earth") should be pro-
hibited from such use, what would be
the effect upon the price? 1t needs no
| answer. The same has practically
taken place concerning silver as
| money.
Apply the same law to gold; destroy
it's use for money, and what would be
its value as commodity?
From 1857 down to 1S73-nearly two
centuries-the lowest ratio that ever
existed between gold and silver was
1 to 1414, and the highest l to 1925.
Since decentralization it has gone down
| to the present ratio.
Money, whether metallic or paper, is
! the creature of law, and its measuring
| power of every other species of proper
| ty, is determined by the amount in cir
| culation and the demand for it, and the
monetary affairs of country are
among the most important for the well
fare of it's people, and can be likened
to the circulation in the human sys
tem-when interfered with wrOngfully
will produce disastrous results. If by
accident or disease, one-half the blood
in our bodies were destroyed, unless
nature speedily restores it, we Wither
and die; so it is with this people. If
one-half the circulating medium that
| transacts their business is taken away,
the same disastrous consequences will
follow, to all except the money lender.
The principles Of political economy
that were correct in the time of the
ancient republics, affecting their mon
eatry affairs, and Of ours in it's early
history, are true now; just as the prin-
ciples of liberty, Of right and of JUS
tice that we obtained more than a
century ago under the Declaration of
independence, drafted by the father
of Democracy, Thomas Jefferson, are
true to-day.
On this question my position is we'll
known. / am in favor of the restora-
ton of silver at the ratio Of Is to 1,
without waiting for the permission or
consent of any other country, believing
that we are able to maintain our own
financial policy, and I am in favor of
only three kinds of money-gold, sill
yer and legal tender treasury notes.
good for all debts, public and private:
and in support of my views, | quote
who expressed their convictions upon
this subject in language stronger and
more impressive than l can use.
Hon. William Mckinley said on the
floor of the House of Representatives
June "a, 1890: II am for the largest
use of silver in the currency of the
country. I would not dishonor it;
would give it equal credit and honor
with gold; would make no discrimina-
ton; I would utilize both metals as
money and discredit neither; l want the
double standard"
He also voted for the original BLAND
act" and for the "Bland-Allison act"
Secretary Sherman said as publish
ed in his speeches and reports Of Fin
ance and Taxation" April 18th, 1876,
(page 51S): THE two metals have
kept together with remarkable near
ness, and it is said with great force, it
seems to me, that to adopt the gold
standard alone and demonetize silver,
would be to deprive the poor people of
the world, of the money which alone
measures the value Of their production
'and of their labor. These two metals
gold and silver-have travelled side
and side since the beginning of time:
the records of human history do not
go back to time when they did not
move together. They have varied in
value, sometimes one and sometimes
the other being higher. but they have
gone on, gold the money of the rich,
silver the money of the poor; the one
to measure the daily necessities of life:
and, sir, no act of parliament. although
it may disturb for a moment the rela-
ton Of these two metals to each other.
nothing but an act of God can destroy
the use of both Of them by mankind.
The silver dollar of the United States
has never been changed in intrinsic
value. The change has been in the
gold dollar"
In the speech delivered by Senator ].
B. Foraker, at Jackson, Ohio, March
6. 1895. he said: 1--WE believe in BIZ
metallism in the sense that silver shall
be more than credit money It must
be again made money of ultimate
redemption, and as such take it's place
alongside of gold.''
On the 10Th of June, 1894 Stephen B.
Elkins, in addressing the State League
of Republican Clubs, at Fairmont.
West Virginia. among other observa-
tons said: Silver is the money of
the constitution az much as gold. The
people will have silver for money and
fight for it, and the contest will not
end until it has its proper place in the
monetary system of the country. The
people are too intelligent to permit vail
uas to be measured by gold alone, the
production of which is relatively d.
minishing in the world. This would
make money dearer and property
eheaDer Silver shnu1d hc r1sod az vail