The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-06-18
MONETARY system.
lcon1lnn,d ION Fqurll Pag,.l

Continued ~ rom AlENA AANsf
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these certificates would never return
Tor REDEMPTION. From this fouyce an-
| other credit would be added.to the gov
ernfnent which would lessen the possl-
tiiNy OF loss on the part OF the gov
| ernuient through depreciation.
When we consider that under an UNI
limited use. silver would undoubtedly
| appreciate In value. and that the gov
ernment would, with an issue OF $l,VVV,-
| 100000 OF gold and silver certlhcaS;'g,s.
annually receive q credit OF prooa4ly
81, 900. 900 through the destruction OF the
certificates at home and ABROAD, Sns
reasonable conclusion must follow tnht
The government Is entirely safe In be-
coming the custodian OF the bullion Tor
the people. and in guaranteeing !"
them a sound and unchHnging cur
Re IL remembered thatthisisa govern
yneDt FOR the people. Its several de-
partments are operated for clelr Dene-
m Ia the postal department the great, .
sst care ana psecaution Is exercised
that there may be speedy ana SAFE
delivery OF mail to the people. no rea-
sonable expense Is spared 70 perez ~. VI
workings OF the department anu ~ tIe
expenditures exceed the receipts w ~
preparation Is made by the goyeLilil't ~.
10 cover the deficit The deficiency TOT
,sos In tbls department was S9.SQI,O4.
Thls deficiency was met by an nppro-
printlon and recognized by botn gov
ernment and people as a coniriou'ioh'o
the welfare OF the public.
The safe and speedy delivery OF maiI
10 the people r. important, but not 50
imnortant 10 them as q sound and un-
Changing currency. And II, upon She
adoptIon OF this system. Il should occur
mai on final redemption day a dencl-
ency OF bullion existed. tmpToDaDie ~
II II, the government would meet the
deficit. and Il would be recognizes " . =
contribution made for the beneht anu
welfare OF the people.
AdniISson Of FOFrigu Silver.
The admission OF foreign silver into
our treasury might be suggested as an
objection TO the proposed system. but II
viii not prove to be so. 1t Is doubtful
II IL would be deposited at all. for Il
would be worth as much IN q IoTelsn
land as here. Silver would nave "n
course. 10 transportation charges. It's
admission would materially depend up
an M. cos, OF transmission. IL might
ar might not come, as the rates were
| favorable or unfayorable. But u
were received, the people would De the
beneficiary. for the foreigner would re-
turn with either our certificates or our
7y IN: what shall be done with our
present monetary system " the pro-
posed one be adopted?
There are a few material defects thht
have seriously embarrassed the gov.
eminent for the past four years mat
should be corrected. and then tne %
TEN as corrected should be nainta MA, 4, !.
The existing financial coalition and the
above discussion OF the proposed sys-
tenn warrant the following suggestions;
/. Further coinage Of the two metals
should cease. 80,
should be reduced TO the legal rank OF
| fractional or subsidiary coins and main
| tnIned as such at par by the power OF
the government regardless OF their IN
| trinsic value. Outstanding silver GER
tificltes Issued In lieu OF the silver uoi-
lars should be redeemable In these colhS
al the call OF the government.
!. The silver bullion purchased IN,
der the law OF 1890 remaining uncolned
should be exchanged by the soyeFn ~
ment Tor silver certificates according 90
I
with which the outstanding treasury
notes OF 1890 should be redeemed.
| The resumption fund should be
aggregated from the current funds OF
| the government and paid out only ~
rF,lemptIon OF United States notes. and
notes thus redeemed should be cancell-
ed. 49,, .,.
| should be United States notes or ceru-
iIcates Of the proposed system only.
These changes would harmonize the
| present with the proposed system anu
as thus reconstructed, we would nave
a monetary foundation, better than 1ne
best that now exists, with Whlch 10
build for the coming century,
The Material benefits arising from the
workings OF the proposed system we
| shall not now further consider. sur
| Gce II 10 say that bimetalllsts OF all
| classes would have common ground
upon which TO stand. would nave all
tbe benefits that could possibly arise
| Srnu, their respective systems with none
az the accompanying evils, and this
would insure a united people, further
advancement OF civilization, and the
stability OF the republic
have sent you the above copy OF Mr.
| Nevins silver plan as matter OF F'A'
interes, to your readers, many OF whom
must be concerned these DAYS IN ths
question as a part OF the present polit'
lsal outlook, and also as kind OF com.
panlon piece to the recently resurrected
plan of Mr. Hearns as submitted by
him to the West Virginia bankers at
/
There is something quite specious and
taking about this plan OF the ST. Louis
lawyer, as any one must admit who
carefully reads u. and at first Stance
| many persons will say that II presents
n pcrfectly workable scheme for me
| rehabilitation OF silver as standard mo
pey. Al this time ] am not going 10
sxnress any opinion as to It's Feasibility.
having given Mr.. Nevin to understand
| that i would submit the scheme on It's
merits 10 the InteiligenceF constituency,
and let that constituency nave 4 tree
and full chance 90 turn It over IN theiL
minds and come 20 their own unbiased
Conclusion In regard to It. y. W. q
500 Reward, 600.
The readers OF this paper will be
pleased TO learn thnt there Is at least