The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-09-26


and poverty things Of the past, relics OF
the dark ages am In iayor OF the Tree
and unlimited coinage OF pig iron at
ratio OF lG 10 / with gold by the United
states alone, independently OF all ma
tions, aud can prove by the best author
ity obtainable that such a policy on the
part Of the United States will raise
prices, put plenty of money in circula-
ton. and give the honest debtor |
chance 20 pay bis debts, thereby max
making the whole country prosperous.
"Now. ia the first place, i may be
urged ~ some who do not understand
NE subject OF standards of value, that
4 free coinage act for iron would not
raise its price TO ratio Of lG to ] with
gold. 10 them reply that the value OF
the stamp Of this Government aud the
legal tender qualities OF the iron dollar,
would instantly make the bullion value
OF pig iron the same as the mint value.
For who would part with an ounce ol
this precious metal for anything else
than the mint valuep (Stewart-Jones-
Bryant
again it may lie urged that our minis
would be oyercrowdcd with pig iron. !
reply, that the price Of pig iron, having
been raised from $3.50 ton TO a ratio
l6 TO with gold the world over,
no one would especially care TO carry u
TO the minis, since the mint price could
obtained anywhere in the open mar
Iket tAtlanta Constitution Next, 1t
may te urged that gold and SILVER would
90 out OF circulation reply, first, this
4 a mere assumption OF the money
power, which they cannot verify lAt-
lanta Constitution Second. suppose
60 III and SILVER do 90 out OF circulation
is there not plenty OF pig iron to take
their place and give the people plenty OF
money (Bryau) And third, such an
assumption mixes the IDEAS Of circulat-
inp medium and standard 81 value; gold
and silver would still he potential
money metals, though not ID circula-
ton. and would lend their help toward
raising prices aud causing general pros
pcrity Crisp.
"Then again, it may urged against the
bic iron standard Of value, that wages
would not rise in proportion to prices
The reply is wages will be compelled to
b rise, since no man would be fool enough
to work for one dollar day who coulo
make $ 900 per day by picking ~
rusty nails aud old horseshoes, and car
ryirg them - the mint Tor coinage.
tdull)
"In addition, it may be urged 10y thu
money power, 10y the Wall Stree
sharks and the Bond Street Shylocks,
9 that we could not alone go on pig iroI
basis without al international agree
ment 10 such dastards az dare TO lay
d limit to the power Of the American
people to do what they please, indie
pendently Of all nations, | hurl thei
cowardice and lack of patriotism bael
IN their faces tBryan.)
"The crime Of demonetizing iron tool
place about 1900 years ago, when Ger
tain 'goldolators' and 'silyertes, II
order to increase the purchasing powe
OF their ill-gottcn wealth, secretly, an'
like thieves in the night, got the demon
citation act passed, repeating the goo'
old free coinage act Of Lycurgus, TN
friend Of our ancestors daddies To
day, China is the only country on cart
honest enough to coin iron, and ther
the happy Iaborer can carry home tn
wages 81 his honest toll IN a whcelbaI
row. ATLANTA constitutional
"a runous fall ia prices followed th
demonstration OF iron, and has cor
tinucd for upwards Of 1000 years.
I. have calculated the loss entailed upo
9 the honest people Of this world by tina
, ruthless act, but the figures are 50 eno
81 nous fear a revelation will cnsue Il u
~ people learn how greatly they have bee
n. robbed But facts are iactsi and II
n best way to right wrong IS to meet
ne squarely. The loss is S2l 900, 900
- 600 900 ,OO0, 600, OoO, 600, 000' Coin
ch Financial Schooll
~ "In conclusion, insist that the ir
\. coinage ~ pig iron will do eNerythlI
IT. that Is claimed for silver, and inlinltel
Y none The people will be rich and pro
~ porous The once poor man can pay y
~ debts with his old stove Railroads. ca
M declare dividends ON old rails and wor
n- out rolling stock The small boy ca
4 pick up old nails and horscshocs enoug
to support the family In tine, poyer'
and debt can no longer exist.
I'm mammalian OF AleNander Mnl