The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-08-11


lar For my part ] do not want that kind
of prosperity. | want a prosperity which
by good wages 10 all Is shared by all We
want a broader life, broadening every day
| for all our people.
won't discuss the question whether the
| free coinage of silver will raise IL To par or
| not Very few people claim that IL will.
| and il they did could not believe them.
1 was told In 1890 by two Of the most
| sincere as well as the ablest men that the
| purchase of 100000 ounces month
would raise silver TO PAR, and when we did
| buy il silver went down like lead. Silver
| men have not been good prophets In the
| past.
IT, then, we are going to have dollar
| inferior 20 what we have today, what will
be the effect of Il? Higher prices, they
say. Not for everything. II you have
| 800 I'm the savings bank today, you can
| get 100 gold dollars from the bank. II this
wild project succeeds and you are paid In
silver, you will get 800, but they will be
90 or go or 40 cent dollars II you have
pension, that must be scaled down. II you
have bond, that goes down too
| WIN the wage Garner be any better offS
What you buy will go up. VIII your wages
| 90 up tooy There you have experience to
guide you Wages during gTeenback times,
| measured in gold, did not go up as other
things did. They went part way, but not
| all the way up, and were very slow about
that. But wouldn't business be better for
more money! 1t might be after a terrible
crash with bad currency, and then we
would have to get back again. Brandy may
seem TO strengthen, but plain bread and
meat are the surest
What we want is not more money, but
Il II. axxrffh
capital. We have money now, more than
we can use, lying idle. We have just ex-
ported a lot of It. Money is the transferrer
| of capital, as IA hayrack and horse Is a
transferrer of hay. More hayracks will
never make more hay, but more hay will
require more hayracks and is sure to get
| them.
A Look at the Past.
II sell you my house in Portland or
| mortgage II for 50, 600 and send the result
TO a Washington state coal mine and IL is
spent and comes back to Casco bank, my
IS, 900 worth of capital Is in Washington
| lust the same What this whole country
needs is capital from abroad. from the
whole world j expect some OF you VII
be surprised and ask whether the world o.
the United States is not immense an6
sufficient. Immense, yes; sufficient, no.
Our capital is great, but the Unitet
States is very much greater. There ar
millions of square miles and 75,000,0O
of people and undeveloped riches withou
stint. But there is not capital enough 4
keep 75, 900, 900 of people at work. Whel
are we the most prosperous IL is whel
the 75. 600. 900 are all ut work, and whe
that happens we borrow of the rest OF tn
world thousands of millions of dollars
n -, LAT m M
that money comes with capital
In 1890 we were prosperous. Our pee
pie were all at work. Consequently ther
were good wages, and wealth greatly IN
creased. At that time the figures sho'
that in that year we had 800, 900 {
gold moro than we had In 1882 Every b
of that had been imported or kept, u
product of our own mines. 1t was bus
transferring this vast capital we had DO
rowed and that which we owed ourselves
Now, Just ms soon as this election is ov'
and the future position of the Unit,
States is assured, both as to money and
the employment of our people, capital
ready to come to us from abroad and fro
~ our own people, and we shall again
a. prosperous
IL / know this plain, temperate statemcl
10 does not seem so highly colored as Will
(
'e sponsible for what they say, hut il has oi
rs advantage-it will be found to be true.
OF God keeps the future for himself. On
Us his eve can see in the fullness of truth q
en DAYS to come but he has left us son
glimpses of them in the past, and II m'
ne | will only take guidance from cxperien
'u they will as they can do in no other wa
"a show their superiority over the brut
W | which perish.
OF You and l, my friends, have been
cn gether for 20 years, two-thirds the lie
We n generation of men. 1t would bc sing
no lar II the past could give us no help
OIL this crisis of our affairs But il can. Y
TN have been through all this once befol
nc The greenbackers of 1873 were not ID
'cc men, They were sincere and had het'
vi case than the silver men OF today In ia
it was much the same case. We must IN
artificial imitation and cheaper mon'
he they said, or blacklist ruin awaited us.
nix | was hard time.
we Prices were low and work was scar
red | Taxes were high and debts hard 10 pa
ct. But we persevered and resumed specie p'
an | ments. From that moment the CAPT
lid | of the world was mt our disposal We
90 | a good tariff. which made us do all c
es- own work, and, from 1879 TO 1898, IA ye
ra- of prosperity which placed the Uni
cd. States in n great position in the world
ity IL we do the like thing today, like THU
red | will follow With revenues equal TO {
emergencies, undue export of gold v
by cease. With the certainty that the dol
wo paid will be equal to the dollar lent '
all come credit and confidence. With c
i'm, other certainty, that we are to do oil
one own work, will come the earning of was
steadily increasing, which Is the bash
at that prosperity which Is alone worth!
this great nation--the prosperity OF
ave whole people.
ket