The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-04-11

.1rucice. Stocks 81 an kinds have again
a Een 4 DIG humble. grain has gone down,
che holders Of moneys are alarmed. and
business prospects ARE not as bright as a
few months ago found them. Soon alter
The issue OF the last bundle OF bonds 10
provide money 10 run our government
there was visible buoyancy to business
affairs. A better feeling was apparent.
Il was shown by that bid that there was
plenty OF money in the country. but
capital has again become alarmed. and
money is not seeking Investment as II
was then hoped it would. IL does not
appear to be time OF business health.
This energy" that comes from stimu-
lnrt the effects OF which soon pass
away does not appear To bring that
lasting effect that increased prosperity
demands. The truth of the matter is
that men with money will not invest II
until they are assured that they will
receive fair interest in return. Inter
est and dividends (which il interest). is
popular. Assessments are not, and il is
assessments the American people are
now being called upon TO pay. We have
had several Of them within the past
three years. Every man desires to have
his money earn something. The miner
who tolls for his small wage wishes To
receive an interest upon il. II he depos-
its il in a bank he expects return OF
a certain per cent. lie will seek some
store where interest is paid II the bank
does not care to take ii. In this way he
invests IL, by permitting the banker or
storekecper to use it. To receive an in
terest the money must be employed in
some business. II a man puts money
into the building OF railroad he ex-
poets to receive a fair interest in return
and he is entitled to IT, To receive that
interest the road must pay, and the
revenue must come from the handling OF
passengers and freight. II business is
dull there is little freight handled, and
passengers are lew. The produce mar
ket is feeble The crops OF the farmer
command but small price. Wheat, corn,
oats, potatoes. etc, give him no profit,
and he cannot afford to pay living
rate Of freight.
1t has been said that there is such n
thing as getting things too cheap. We
can see the truth OF that now. The
lowering OF tariffs so as to admit the
goods and wares OF the foreigner in too
close competition with our own makes
them cheap. You know it was prom
ised that il the tariff were lower / the
people would be able TO live for less
money This statement was true one
ON the part OF those who presented il,
but they forgot to say that the people
would have less money to live upon.
And that was fatal omission.
Good times will only come by "A change
in the present political administration.
Capital will not invest money under the
party now in power. They are afraid
they cannot receive fair interest. In-
deed they fear for the principal.
This country will have good times
when the man OF money will invest il.
When he withdraws il we cannot pros
per. Money is the handspring OF the
entire nation. When you legisIate
against il you injure the source from
which prosperity comes.
II Is better to be friendly with the
man who has money than to fight him,
for it is not human nature to favor
those who fight you.
What this country needs Is n better
protective policy. an administration OF
business men who understand business
affairs. and more peaceful. relations De-
tween the man who has the money to
buy labor and he who has labor to sell.