The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-03-23


for determining the yard" the gal.
Ion. " the ''buHhel" These nTc fixed, tho
measure OF quantity being pRlp0ble 70
the senses; they are invariable. But
when II comes to gold us standard OF
value, which means to the user OK the
wOrdg. II Il means anything. nXeu
quantity. but there Is no ''ilXlty' to u
when used rs n gO-cHllad standard,
Like silver or uny other commonly u
Is ever varying In purchasing power.
and thus, when regarded az standard
OF value, Il In misleading and results IN
making confusion. dishonest trnnslc'
tIonN; and has ever been one or the
means for enslaving the people and for
pernetuntIng the reign OF privilege
The "bnnk check" and the "blll OF eN"
change" are fRr preferable; for both
represent credit. founded upon choFac-
ter or wealth, Or both. Except lor !ne
smaller transactions OF life, meIQlnc
money, as mentioned above u Etaouals
Is going out OF use, Bank checks ana
bills OF exchange are taking Its place.
NinetY-two per cent OF the commercial
transactions Of this country are based
upon this form OF moucy.
The GreenbnclS party made mistake
In not advocating the limitation OF the
issue OF "greenback" money The gold
syndlcates, knowing tho f0llRcy OF such
a position. cried, with sOule Justice that
the unlimited issue Of any kind o.
money is nat money" All sound
financial writer's affirm that the quan.
tlty OF money carried must be limited
II ~ quality, or purchasing power, IN 10
be preserved. The necessary financial
need OF the people Is the true indicator
OF tho amount to be issued or coined.
Demand and supply, therefore. Is the
law by which we can arrive at q true
solution OF this intricate problem.
The Republican platform adopted at
st, Louis holds TO the maintenance OF
the present gold standard" until Dls
netAiliam can be attained by tnternas
tionRl agreement. One y about as fal:
lacIOus Us the other. There Is no gold
standard to maintain: and there WIZ irt be
no international blmetRlllStl. The
parity" Of gold, silver and paper IL
preserved by the practical Limitation Of
quantity In use and not by convert.
bility'' into gold-the Bo-cRlled "stRnd-
ard" This ConYertIbIlIty Is impossible,
even II It were desirable. II is simply
q ''mnSe-8hift'' to beguile the people.
Faith tn the FRtaEE.
Tho Republican party conScrves what
1t has gained in the past, and with well
planned and conservative action, It adj
vances step By step in the present with
hope for the future. In war times this
party was led by Mr.. Lincoln; and his
wisdom. except In q few alterations,
notably on the tnrifr. has never left Il.
Under his administration we had gold,
silver and greenbackS as legal tender
money. all OF which We have to-day.
The latter was created by an net OF
Republican Congress and declared con-
StItutlonnl by a Republican supreme
court, Chief Justice Chase presiding.
notwithstanding the present movement
TO retire the Greenbacks so as 70
make gold the exclusive sO-cailed
standard OF value" we believe the old
Republican money will continue to sur
Vive and that the ncomprehensible dec.
larntIons of Mr.. GaEe-thO secretary OF
the trensury-Wlll be bRnished into the
unknown.
'sThe constitution was intended to
frame q government as distinguished
from q league or campnct, y govern
nent supreme In some particulars over
states and people, 1t was designed 10
provide the same currency having an
uniform legal value In all the states.
II wus for this reason the power to coin
money and regulate Its value was cons
Eerred upon the federal government
while the same power, as we'll a. the
power 70 emit bills OF credit, was with
drawn from the states. The states can
no longer declare what shall be money.
or regulate Its value. Whatever power
there is over the currency is vested In
Congress. II the power to declare what
Is money Is not In Congress, Il Is ami
Inflated.
Making the notes legal tenders gave
ns11 Z Vorstlr m nj
ment TO show that the value Of things is
in proportion to the uses to which they
may be applied.
cit is hardly correct to speak Of a
standard OF value. The constitution
does not speak OF 1t, II COntenplateS n
STANDARD for that which has gravity or
extension; but value is a1 ideal thing.
The coinage acts Ak It's unit as dollar;
but the gold or silver thing we call
dollar Is In no sense standard OF dol.
lar. 1t Is a representative OF it.--Jus-
tice Strong In delivering supreme court
opinion on the legal tender act.
Hon. James G. Blaine. In speech at
Skowhegan in 1861, holding UP green
back dollar, said: what Is this? A dol
lar, and 1t iB u good dollar; good for the
farmer, the merchant, the mechanic,
the sailor, everybody. What makes II
good dollar? Because every dollars
worth Of property In the United States
Is behind 1t, and the llfe-blood OF every
true and loyal American citizen is be-
hind It, and that makes 1t u good dol.
lar" That was one OF the first issues
OF greenbacks, without the rldlculoue
exception clause on II.
We append above two extracts. One
from Justice Strong In delivering the
opinion of the supreme court on the lc-
gal tender act and the other from that
favOrite OF the people, the late James
q. Blaine. Lincoln Blaine Republicans
will be glad to rend these extracts as re.
mlndcrs OF the past. II Is Il pleasure.
too, to note that Senator Sherman, In
a recent Interview, planted himself firm
Iy on the ground In favor Of the green
backs now in use; so has the New York
Tribune. Gold standard men, nS repre-
scented by Alger and Gage, VIII ilnd 1t
difficult to retire" the gteenbhcks. II
they are retired then Republicans, who
believe In the original principles Of tho
party, will have TO come together IN
counsel and prepare for what In incvltn-
Bile In the future--thp reorganization Of
the party or decree its dissolution; for
this proposed net Of "retiring" the
Ereenbncks VIII be the last feather that
broke the camel'a bnCk" The policy Of
the Republican party has been for gold,
silver and pnper-lImtcd to the neues.
stiles of the people. our whole mOne-
tury system needs REIMBURSEMENT how.
ever Fu MS to conform to this long set