The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-09
THE lNTELLlGENCER.
WHEELING, FEHI,uARy 0, 1905.


j
face OF history and all the testimony Of
fered by the public utterances Of PreE!-.
dent Grant, with the attempt TO convince
Itself and few Of Its readers that the
great. soldier President was In favor OF
: paying the obligations of the govern
ment In cheap money. 1t will not be
strange five yet witness our Bryantn
friend laborlng to prove that President
Grant was in favor OF TIE free and un-
limited coinage of silver at the false
ratio now proposed, though his whole
record was against anything that sa-
vored of reputation and dishonest
money.
In the meantime, while the Register "a.
Juggling with facts of history, 1t might
recall to those OF its readers who may
have forgotten the circumstance the fact
that Grant wac President of the United
States at the time the Act of 1873
passed Congress, and that he approved
that action, which the i,ryanites are
pleased to regard as crime" Our
Bryan!tc friends. Including the Register.
OF course, are fond OF imagining that
this WAS the act that "foisted upon us"
The hated gold standard, ignoring the
fac! that It was during the good bid
Democratic days. and under the ad-
ministrat!on OF Andrew Jackson that
gold as the safes. money was recog-
{ nized by the &c; S3i
The history OF ii.lt act. which was 10
equalize the value OF gold and silver
I coins. and its effects; are familiar
enough with students of the currency.
The good effects OF the bill were seen at
once. Gold, which had almost entirely
disappeared from the United States.
began 10 flow back into the country
through commercial channels, and as
! one historian OF the time writes, "old
chests gave up their boards, the mint
was busy: and In a few months. as IL
by magic, currency banishcd from the
country for thirty years oversperad the
land, and gave Joy and comfort to all
The pursuits OF industry"
The writer OF this quotation was none
other than Thomas II. Benton, the great
Democratic statesman and supporter OF
Andrew jackson, both of whom our
neighb0r,' the Register, must ADM,
were pretty good Democratic authoritt
and lived long before the new school
Z OF Democratic theorists. such as Mr.,
: Bryan and others, were born, and when
Z the Democratic party was in The height
OF its greatness.
To quote history fairly It must be adj
mitted that the panacea did not long
prove 50 efficient, owing to the fact
that the ratio Of iG to at that time
was too high, and the silver dollars
could not be maintained. Then t, was
: tina. the first step In the direction OF the
gold valuation was taken. in 1853 under
another Democratic administration, that
of Franklin Pierce. the last stem being
Z the famous so-called, but misnan,cd,
Crime of 1878" When 1t was found
that the silver dollars were being ex-
ported, the country being almost de-
ple,ed Of them from ls4S TO 1851. In order
to retain IN the United States A. euti-
Client amour. Of coins. the silver in the
small coins was reduced, In what is
known as the Act Of 1853, and 4; w:s
provided that they should be coined on
!. government account.
AT this time 1t was stated nv Dur
ham. who led the fisn. FOR the bill in
the mouse Of representatives: I'VE nave
mad buta SINGLE STANDARD for the
last three or four years. THAT HAS
BEEN AND NOW IS cold Wc pro.
Z, posc 10 LET TT REMAIN So ana r,
Z ADOPT SILVER TO TT TO pEc1r-
I,ATEs1T Ry TT" Wa ,ru.t IN, perIs.
Tor viii; he,r IN mind th,, MI, y.ns !,
,bo .oooa n,d 1.,,,or,.t, n,,s" -
r.,. ,Don,,,,rot sn.s,,,na ona ~ -,
,,.,,,.,, 80
80" - -" o'1' :" i'e'''oe' ~
.,oi''',''' 49, "',"S nv 'ste's'ee ="
'He s!!'e' "'''''s' orSa"se "oshi''s hau
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