The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-05-11


the continental congress and the era
Of colonialisn,.
| ut Is the theory he continued, "of
the socialist and populist applied TO
monetary science. II Is bnsed upon the
belief in what has been nptly termed
the all powerfulness' of the state and
| Is ia utter disregard Of that great fact
IN financial history that mediums of
| exchange and standards Of value did
not find their origin In law. hut were
born Of the needs Of trade and COM
MERGE"
He closed with the statement that
1.-THE forces Of fat silver currency. Of
irredeemable paper and their populistic
allies can be permanently cradicated
as factors worthy Of consideration and
sources OF discomfort and financial loss
In but one way. and that lies through
the gateway OF sound monetary educa-
ton"
President Declares THAT Democrats Must
Not Give Up sound Money.
JACKSON, Miss, May 7.--Gov. Stone
has made public a letter which he had
| Just received from President Cleveland
in which he commends the governors at
titude on the currency question and
says:
III we. who profess fealty 10 the democratic
party. are sincere In our devotion 70 its prln-
ciples. and II we are right In believing
that the ascendency OF those princi-
pies Is guarantee OF personal liberty, uni
yersnl caro- for the rights OF all, nom
sectional. American brotherhood and manly
trust in American citizenship 10 any part OF
our land. we should study the effects upon our
party. and consequently upon our country. OF
committal OF the national democracy 70 the
| debnsed silver standard.
IF there are democrats who suppose that
our party cannot stand on platform embody-
ing such doctrine. either through It's afhrma-
/ tive strength or through the pcrpiexity
OF our opponents on the same proposi-
tion. or II there are democrats who are
willing 10 turn their backs upon their party
] associations IN the hope that free and unllinit-
ed and independent coinage OF silver can win q
victory without the aid OF either party organi-
cation. they should deceive themselves no
| longer, nor longer refuse 70 face the results
that VIII follow the defeat II not the
disintegration OF the democratic party, upon
/ the issue which tempts them from their al
legiance II we should be forced away from
our traditional doctrines OF sound and safe
money, our old antagonist will take the
field on the platform which We abandoned; and
neither the votes OF reckless democrats nor
reckless republicans viii avail 10 stay their
/ easy march to power This IL as plain as any
thing can possibly be. II therefore becomes
the duty OF every democrat, wherever no may
/ te, 10 consider what such victory would
mean. and IN the light OF a proper conception
OF It's results he should deliberately shape his
course.
DEVILS LAKE, n. d., May s.--After
reading President Cleveland $ 10 Gov.
Stone. Senator Hansbrough said:
This is the first time In the history OF
| this country when president has
threatened 10 remove all federal Of
hclals who do not sink their opinions
as free born American citizens aud In
dorse the personal policy OF the executive II
shows the desperation OF the men who are bat
Ting to sustain the gold standard The friends
| OF honest bimetallism hope that Mr.. Cleveland
Will write another letter.
WASHINGTON. May s.---Senator Jones,
of Arkansas. is among those who be-
lieve that the international none
tary conference will be held dur
ing the present year TO consider the
relationship of silver to gold as n
money metal. He Is one OF the mem
bers on the part of the senate chosen
10 attend the conference in case one is
called, and has naturally kept track
of all that has been done in the matter.
| WASHINGTON, May Q. Secretary Nor
ton has written letter TO James A..
Cherry, Of Denver, In reply TO letter
from that gentleman criticising some
statements in the interview with the
secretary OF agriculture.
Mr.. Morton says that lit appears you
and perfectly agree on the funda-
mental point namely, that demand
and supply inexorablY regulate all
valuables whatsoever. at all times and
in all places" lie then likens the use
of the two metals in commerce 20 the
use of ''two yardsticlxs OF different
lengths TO measure cloth by In the
same market" and draws upon the
history Of money in this country to
support theoposition.
'.Why Is it, he asks. there Is SO
little use for silver dollars in this coun-
try to-day while there are millions
upon millions Of them lying idle?" lie
answers his own question; because
there is no demand for themp The
conclusion hs arrives at is we'll put In
the question rhetorically asked; What
is the sense Of clamoring still for 'un-
limited coinage when the treasury
cannot get rid by hook or by crook
of a 1.-THE of those already coined and
lying in useless heaps?"
stewart Is Sarcastic.
WASHINGTON, May o. United States
Senator William NJ. Stewart. of Ncva-
da, wrote a third open letter TO Presi-
dent Cleveland Tuesday IL was very
sarcastic in all its utterances, and was
in answer to the presidents letter 10
Gov. Stone, OF Mississippi. '.Your
treatment OF contumacious Office
holders, the senator writes. ''illus-
trates the benefit OF civil service re-
form when you tell them that in the
interest OF good government office
holders must not be surprised II they
are summarily dealt with"
The reference in the letter 10 Gov.
stone to the willingness OF the south
ern people 70 submit 70 the disadvnn-
tage OF silver recommendation, etc.