The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-06-01

Archbishop Ireland states Ills Position on
the silver Question.

Archbishop Ireland states His Position ON
the silver Question.
CHICAGO, May 20. -Archbishop Ire
land Is opposed 10 the free coinage OF
silver. He regards the proposition to
have silver restored as a menace to
all present and future prosperity of
the country. He said so Saturday
while in the course of general inter
view.
The archbishop was asked what
might prevent the tide OF prosperity,
evidently now just setting in, from
reaching its greatest height, and in
his reply TO the question he fully de-
fined his position on the silver ques-
ton. The answer will be received
with interest and authority all over
the country. He said:
The present silver agitation might check
the period OF prosperity which IL seems
Is about setting In for us. Without en-
terlng into the merits OF the dinicult and
intricate questions involved IN discus
sion OF the silver phase or craze, I
would say that so long rs there Is no inter-
national agreement between the great gov
ernments OF the world-the commercial ma
tions-an attempt on tho part OF tho United
States 70 return TO free coinage OF silver would
be fatal 70 onr business prosperity
1.-THE United States Is largely borrowing
nation. A new country, undeveloped, is neces-
sarily a borrower OF the older nations, and
that must positively be taken into consdera-
tion when we lightly speak OF changing the
form OF our financial basis. II Is out OF the
question that we by ourselves create q
silver basis TO be accepted by the balance Of
the world. willy nilly.
what we borrow we must receive from
nh and ha ais will N n
vest In millions OF securities II they are to be
paid back for their advances Ia silver when
they can buy the bullion OF that metal OF fifty
cents They simply will not do IL. and IL is an
absurd folly 70 imagine that we can compel
them TO do We are In no position to stand
aioof nor 70 restore confidence In our
business institutions except by agreeing as
we have In the past as TO our financial basts In
the marts OF the world, where we meet all
that Is in competition with US and all which
will positively refuse 70 accept our proposed
silver basis as that OF the whole wcrld"
blackburn Talks Back.
LAwREScEBURG. KY, May 2s.--Sen-
ator J. c. Blackburn, replying TO Sec
rotary Carlisle, in his speech here Sat
urday spoke substantially as follows:
II do not know In what capacity Carlisle
came here and spoke. whether he came as
citizen OF this grand old commonwealth OF as
secretary OF the treasury. Carlisle has said
he was never for free silver. On tho
7th day OF November. 1873. Mr.. Carlisle
while sitting by my side In the house OF rep
resentatives. voted for the Dick Bland bill
which was silver bill out and out Only Ave
five years later the Sherman bill passed 1
voted against that bill and so did Carlisle. and
yet he is making the same old speech that
Sherman made then. am going TO answer his
argument, every point OF Il. lie did not adj
vance single new idea. First, he made the
assertion that II you have free coinage OF sill
YER you viii put the country on u silver
basis and drive all gold out OF the country.
This Is not true. we have tried IL once and
when we quit had IS to a In gold more than
when we began. He says this country would
be the dumping grounds for all silver bullion
He is mistaken there. for ours Is the only ma
tion under the sun that has silver bullion"
sibiey Speaks
SALT LAKE CITY, u. T., May 2S.--
Gen. Warner and ex-Congressman sib-
ley arrived from the west Saturday
and were received by committee of
mass-meeting was held at the theater
Mt night. presided over by ex-Congress-
man Rawlins and attended by repre-
sentative men of all parties. Both
speakers sharply arraigned the admin
istration and the recent speeches OF
Secretary Carlisle and Comptroller
Eckels.
Mr.. Sibley said that Mr.. Carlisle's
portrayal of the horrors of free coin
age would not prevent the American
people from giving IL an experiment.
He addressed the silver mine owners
particularly, and was immensely
cheered when he said they were the
least part of the calculations of the
bimetallists; that where the mine
owners had lost dollar by
the demonetization of silver, the
American people had lost hum
dred. He closed by prophesying
that there would only be two parties
in America In 1896, one the party of the
gold trust, the other the party of the
II