Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1895-05-16
Trouble for Free Coinage Men.

The New York Evening Posi- Of
April 20 says:
1.-The 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 is
running the country, and that tho con-
tinuanco OF this system involves GER
eral misfortunes for the people.
"Experieneo has shown that finaa.
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; tho demand for the re-
peal OF the resumption net, which was
raised during the next two years; tho
greenback agitation and the demand
for FREQ coinage of silver, which fol-
lowed little later. were all natural
sequols of the terrible panic Of 1879
and the long period OF business do,
preston that onsued, When specie
payments had been successfully re-
sumed and general prosperity had re.
turned, there was q collapse of green
baokism and all OF the other wild
schemes which had flourished during
the hard times.
"For nearly two years past tho con.
dition of business has been peculiarly
favorable 10 tho development of finan.
cial crages, The panic OF 1898 was
followed by long period during
which men were thrown out OF work,
had their wages reduced, found tho
prices of their products falling until
tho margin of profit disappeared.
What were tho causesP Tho silver
speculators declared that they were all
TO DO found in the characterization OF
silver by "the crimo of 1873, aud as
surod the people that quick and Ger.
tain cure was - be found in free coin
age. Such demagoguos were sure ut
least Of sympathetic hearing whom a
largo numbag OF mon were out of work
and large number more were no.
ceiving insufficient returns for their
work. A prolonged continuance Of
the Same conditions would have In.
olined tho uuthinking and tho reckless
to accept any nostrum that promised
relief from what seemed insolerable.
"But during tho last few weeks u
change hns sot in which has already
gone far enough TO assure complete
revolution. Ever since the success of
the last bond sale convinced this
country and tho world that our Ma.
honal credit was established upon u
firm foundation, tho signs OF the times
have grown steadily moro favorable.
There is not department of industry
which has not felt tho improvement,
and tho outlook only grows moro
promising month by month.
IA busy and oontonted 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 spooulalons rs to
improved financial systems A stand.
ard which brings thom prosperity Is n
good enough standard.
"rhe return of prosperity will DO a
fntal obstacle to tho success OF tho
silver propegandists. Good times
will constitute an argument that they
cannot meet. II is only necessary now
TO push the advantage that tho sound
money mon thus enjoy, and tho over
| a,.t
may DO made complete aud final. /"