The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-11-29

WHAT is THE MATTER
* /. c0MoRgsonAM DARTsNl
MAKES = LUCID PLEA.
~ DsosassHaaaAss - 0vss - ISL
- os1sss1 vaasa ~ Ose-oAeas
~ &c. ssos 0ssssa - u y Uu
- SAsoagA W0soanhA
He vhe 49, not aOpseetats The FAC
that ~ Industrial al businsss situa
eioo = unnafural and unsatisfsctOry
0ust y . Careless observer indeed
Everybody knous that IL 1851 thi'
country ~ struck ~ . 0nancial 81
elo1s hat had never bssa sQuaied Il
IL hietory. Monsy vanished from
sight and credit utterly collapsed
FActOgtes closed. 0inO suspended. nal
liens Il hoaess voekDso we're turue]
idle into tAe strseta Bssiness "a
completely paralyssd. and everything
vas u . standstiIl except the produc'
ttoa q The hare necessities ct life.
9vea tAeoe were cold q prices rulnOui
= the producer. and The hardest kin
- hard tines held IL nation and iss
Dse0le u grasp Il irea- With is -
verify saly slighsly sbassd. this eondi-
uea has lastsd until the psUseas time
What 30 u cause.
The republican proeectjeaist generaI-
" chained that is ~ The advent d the
6e0scratie party To power upoa . free
mated that the Sherman lav" nay
have been . very slight factor 10 De-
stroytng publte ~ceaAdence. but all in
sisted that the main canse vas the
threat q free trade
M. CIsveland end The eeld viag a
Ne deoeeratic party tosk The positsoe
broadly that While high protection uas
In . degree respoastble. the chief cause
vas hat ~infaDoos measure" knows
y the Sherman law
The United States government va
adding about e4.ooo.eoo . month 70 che
eunsney In treasury notes based upca
silver b1lliea. ana this addition 10 the
Deosy supDly - actually 10 II vas
aai4) producing . money fanins- These
notas vsre q full par valua. ss0stimes
evsa esoDanding . small prsmium-
and yet it vas ag5eusly urged that the
people AaA - eoondeAoe In them.
which lack e confidence had plunged
- into 1aaneial coavulsioaA
We were told II The Dooe oognasie
vay that the repeal q that lav would
tmmsdiately rssenre csaAdesce. stop
the sxperts q sd. asA sad . food
tide Of prosperity rolling ovsr The lAnd
The Whole power q he administrasios
"a brought 70 bar - fsrce Tie repeal
The democratic party broke in two m
der the pressure The republicans
voted stroagiy viii IL gold uing a
the democracy. and ths hst vestiee 81
lsgisaattea 0seainine and uOAo;dins
silver = . 0eosy neal ~ sve0e from
Tie statutes e IL Unito1 0sateaL
I've years have passsd sines tAea.
and still Tie 1ood-uds e peOsp9ity
lags = IT. way. Il = ~ prstended
by anybody q tAis tiDe that the repeal
q The '0hsrman lav- restored pros
Dertey. But Il = IeoAly preelaiDed
that God ttoss afe Dev eo0iag b.
Isaps and besnda This. heveves. =
merely . prsdietioa. aad u 0ay b laid
tenderiy away With Many eehGrs Co.,
Ing fssa IL sane sesree. ~ future
eooa3doruftoo-
The Questioo secuss. ehea. what 80
the eanse q tAe great Daaie q 1853.
The trouble With ~ rOaseaing Of the
gold sepAises vas that thsy tesk to-
narrov . view e tAe situasisa- Tie
Ananciess and busins0 men u New
York. Oppressed ~ tAs di0cuIties
which surrounded tAeR. leoked saly Il
The Immediate pssssaI 6srUsttiag Inst
durtas The psevte1s 1e9s = ove years
almsse every eivtlissd es1atsy . earth
had passsd throagA Tie aDs erdeal-
Fer years The stng0s - 1aaaeial dis-
aseer haA besa svsspino over ewooe.
shaking Ne Baok e EAglaoA y its
foundatieos. and eassyiAg deselattoa
even into fas-o9 Australia. UDally 70
burst u Ill IT. fUsy UDeo - The
shock vas hsavtss here tAaa b aay
other COUNTRY. bscaDss g ~ sassDous
magnitude q ~ productive eater
prises and TIE exeest = vhieh sAey are
conducted upoa TIE basis e credit
The United States y h fAet the great
- e Ill dohtoe natiooA
OR ~ vest ahreaA. ~ because
~ vsss purchastng silver. bss bsea.ss
ether natieas. drlvea = extremity. had
= have IL gold
IL - ee00oa1y aas1Do6 ~ the epDo-
nents q silver that everything - Ill
hight II . Deaetasy vay Until sbout
the beginning q loo4- nh shsvs .
very supsr1eial uDdefstas1ing q he
real situat1oa- H. tSuGh =. md Il =
recognised b. every DsaAing ecoosmist
o. both sides q IL Atlantic and upoo
both sides u the silver eueseioa. that
the eatire pesiod freo lS73 down to
1854. With ealy Temporary spsSts q sp-
parent prosperity. had ben ooe o. ex-
t~rsosdinary business depression In
1855 IL QUsea ~ Engiaad appoinfed :
eo0missioo 70 Investigate the situa-