Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1895-05-27

IFOuDle lOF free OOhhaRc mens
The New York Evening Post OF
April 90 says:
sThe advocates of tho unlimited
coinage of silver are already finding
that there is an obstacle in their path
which is insurmountable. Their whole
contention is based upon the claim
that the existing financial system iB
running the country. and that tho con-
tinuance of this system involves gem
eral misfortunes for the people.
Experience has shown that fnan-
cial heresIes thrive in hard times and
collapse upon the return of prosperity.
The movement for an imitation OF the
currency which swept over the coun-
try in 1874 the demand for the re-
peal of the resumption act, which was
raised during the next two years the
greenback agitation and the demand
for free coinage of silver, which fol-
lowed a little later, were all natural
sequels of the terrible panic OF 1873
and the long period of business de-
preston that ensued. When specie
payments had been successfully re-
sumed and general prosperity had re-
turned, there was a collapse of green
backism and all of the other wild
schemes which had hourished during
the hard times.
"For nearly two years past the con-
dition OF business has been peculiarly
favorable to the development of hnan-
cial crazes. The panic OF 1898 was
followed by a long period during
which men were thrown out of work,
had their wages reduced, found the
prices of their products falling until
the margin of profit disappeared.
What were the causes? The silver
Spectators declared that they were all
to be found in the demonetization Of
silver by "the crime of 1873" aud as
sured the people that a quick and GER
tain cure was ID be found in free coin
age. Such demagogues were sure nc
least of sympathetic hearing when n
large number of men were out OF work
and a large number more were re-
ceiving insufficient returns for their
work. A prolonged continuance of
the same conditions would have in
clined the unthinking and the reckless
to accept any nostrum that promised
relief from what seemed intolerable.N
"But during the last few weeks n
change has set in which has already
gone far enough to assure complete
revolution. Ever since the success of
the last bond sale convinced this
country and the world that our Ma
tional credit was established upon n
firm foundation, the signs Of the times
have grown steadily more favorable.
There is not IA department of industry
which has not felt the improvement,
and the outlook only grows more
promising month by month.
ga busy and contented people have
little patience with demagogues whose
stock in trade is rant about calamity
and ruin They have no time to
listen to new theories, and no desire
to try them. When men are getting
good wages for their labor aud good
prices for their crops, they speedily
lose their interest in speculations as 90
improved financial systems. A stand
ard which brings them prosperity is a
good enough standard.
"The return of prosperity will be
fatal obstacle TO the success OF the
silver propagandists Good times
will constitute an argument that they
cannot meet. 1t is only necessary now
TO push the advantage that the sound
money men thus enjoy, and the over
throw of the free-coinage movement
may be made complete and final.