The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-12-23
Promoter Of Stability.

Secretary Of the Treasury Gage, at
the dinner given by the New England
Society. at Orange. New Jersey, last
night. made some very pertinent re-
marks on the financial policy OF the
government. with particular reference
to the permanent adoption Of the gold
standard. in the course Of which he
laid great stress on the fact that by the
establishment of this standard 1t will
bring stability to our commercial af-
fairs, just what Is needed.
Treating this phase OF the question
the secretary asserted that agitation
and doubts, excited by the long debate
over the matter have disturbed bust
ness, adversely affected industry and
brought disaster and ruin to thousands.
In a further discussion Of the subject
he said:
Three years ago the voice OF the people
dccreed a period OF rest, That voice de-
clared for the preseervation and perpetual
ton Of that form Of metallic money Which
has long been in use by US, as the ultl-
mate measure Of value and the standard
OF future payment. ne NIlSphy, 19lu4 :
ance that FOR at least four years the base
OF our commercial exchanges would re-
main undlsturbed operated to restore con-
fIdCnce, to stimulate enterprise, 10 re-
WITTY public and private credit, 70 put
labor into larger employment, and 10 In
crease the rewards OF both labor and capi-
We have had the demonstration clear
and forclble that the fear Of instaoillty
in the money standard works EVIL and
tends towards industrial paralysis we
have had demonstration, complete ana
convincing, that confidence IN the btaDlity
OF the standard brings nc anu actlNlty
with their rich harvest OF dement's TO al
tho people what, then. IL tho duty OF
those who possess the power to furnish
guarantees for the futurcf ManiteslIy, Y
Is to put such guarantees into FORM an. ann
10 give them body and substance, The
one word most important In our CONNER
clnl affairs IS stability stability Of rpn'
dltiong; and the most important feature
10 that stability ~ an estAbIlhca moneF
standard and 20 established that u can
moi be aubvertcd or changed by any hasty
or lll-cOnSid cred action
II has long been the desire and hope o,
many Intelligent and patriotic citizens "a
secure needful and enduring stability w
tbc NANCY standard By an international
agreement In regard 10 gold and silver
which would be effective TO That end. The
realization Of that desire ana hope nov
sorfn TOO remote 10 Justify present cona.d'
erg,inns btIt n those who gtlll cherish II
shsii offer IL IN objection. Il r. sliicieni
angwsr 10 nay that stability on the GOD
standard IS the only stability now possible
] 10 ug. and n the time should come. whcr
| International agreement oifer8 safe and
| desirable rnbGtiluilOn, the freedom OF oui
Teprsrcntatiyr form Of government VII
| give 10 our people the liberty Of choice
IN II he true. as true u undoubtedly ~
| mar rold IL now our standard Of money
value. thn future needs only the assurance
| maj Il will 20 continue 20 9e, until a.
least tho people snail be 20 united ~ theiil
| Ia djreet tho voice Of both houses OF Con
| gysrg and secure tho approving hgnhtur'
| 81 tho chief executive.