The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-10-31
SCHURz SCORES THEM.
Tho Now Yorker Goes for Bryan
and Altgeld.
ia Ansfyzss tho Chicago Platform and
shows what Would Result from
the Election OF the Free Sill
yer Nominees.


chat city, to u large and enthusiastic
audience. The noted New Yorker gave
Hfessrs- Bryan and Altgeld n thorough
ovcrbnuling and scored them severely
sor their questionable methods and
pxaefices. Mr.. Schurz said:
-Borns time ago I made speech In Chica-
90. which has been distinguished by the
governor OF this state az worthy OF con-
1x1eFntion and reply. l may be permitted
co review this reply, which he Is pleased 10
call an answor-fot In tho spirit OF n par
1ls1n. which / am not. but as one who Is
amxfoun 10 find the truth and 10 tell II, 10
che beat OF his understanding.
I'VE an agree that at present times arc
very hard aud have been for several years.
We also recognize the fact that the prices
DG many commodities. agricultural as well
as Industrial have declined. But we do not
agree upon the causes OF that decline, nor
anon it's effects.
Tho Bryan platform says that the act
or Fxz3 accommodating silver hasfresulted In
Gro appreciation OF gold and in a corre-
sponding fall OF prices. heavily increasing
Ghe burden OF debts and taxes, and that it
h1a enrichcd money-lenders at home and
abroad. prostrating industry and impov-
1eriNhing the people. AS n remedy the plat
firm demands the free coinage OF silver In
ere united States alone. without waiting
1Er the aid or consent OF any other nation.
VIE frcc-coinage men more explicitly as
acrt that the act OF 1873 has wiped out one
1pif or Our money and made the gold dollar
a. EH-ccnt dollar and that. az a cure for our
&iitnentS. prices should be raised by cutting
down the purchasing price OF our dollar
.rne-haif.
II deny. cmphatically. that the demoneti-
xzAfion OF silver in the United Stateasby the
act OF 1879 ha8 boon the cause either OF
11se hard times or OF the low prices, and
sfeny. with equal emphasis. that tho free
Datnzse OF silver IN tho United States alone
without waiting for the aid or consent OF
ANY other nation, would be the remedy.
assert that, In point Of fact, the net Of 1879
gGraded by tho silver mon as a great crime,
Bzs not diminished the volume OF currency
AMa not made the remaining dollar a 200
cant dollar at ALL and has not I'm that way
~deDregaed prices.
Volume OF Money Not Decreased.
--'Dut 10 show that the so-called demone-
tfz1tion OF silver by tho act or 1873 could
not have been the cause or the fall OF
prices In tho United States, or anywhere
-rfse. A Is only necessary 20 point out that
On consequence OF that act. tho volume OF
rDoney existing In the country was not de-
crcascd at all.
we were then on tho paper basis. There
was no silver money TO wipe out, for there
mus none In circulation. The act OF 1873
4id not. therefore. annihilnte one single
COLLAR. And more than that: In 1S7S before
nnefallic money came into use again, law
WAS passed by virtue OF which no less than
: So0a0Oo silver dollars were coined every
month. and another law was passed In
19o. by virtue or which 5000 900 ounces OF
SILVER were bought by tho government
every year, for which treasury notes were
fnnued. and that all this additional money
went into circulation. Thus we got over
4z20O0.O 600 silver dollars more than we ever
bad before, and more gold and paper In adj
Gition.
''-frhe reports OF the treasury show that,
while the per capita circulation in the
Unsted States had been only $500 in 1873 In
fSN It was s229G IT is. therefore, as clear as
9r1nliEbt that all these terrible things that
aAvo been ascrbed TO the act OF 1S73-the
aso-calicd dcmonctzation OF silver-cannot
havc been caused by n diminution OF the
values OF currency I'm the country, mas
cnuch that volume was not diminished.
hut very largely increased.
ut Is. therefore, evident that the dag
noafz oc the causes OF the present hard
elmes and low prices, as II Is made by the
Bryan platform, is absolutely false. And
.s sis.s remedy proposed by that platform Is
Gnnse6 upon an utterly false diagnosis. II Is
M wcnder that tho remedy should be false
en-. ~ Is just as II physician were pro-
acuucing case or n fracture OF tho log 10
- dyspepsia. and then giving the patient
-komach medicine instead OF setting his
e,rolxen bones
Chicago Platform Analysed.
What does the Bryan platform pre-.
Scribeg II demands a thorough change In
0Etr monetary system. At present all oui
af1vcr dollars as well as the bulk OF oui
wupcr money are kept In their purchasing
Dowcr equal 60 the gold dollar. The ma.
serial cut Of which tho paper dollar IL made
hE worth nothing, and the government
EEocpe it equal I'm It's purchasing power e
che gold dollar by promising 20 pay dol
Tar for II when presented for payment
Tho material out OF which the silver dol
lar IN made, Is, at present, worth IN thu
Snariet about 80 cents--it was SO cents only
Gwo or three weeks ago-so that the govern
enent owes every posscssor OF silver dol
TAR 50 cents. IL meets that obligation by
ruecping the silver dollar IN It's PURCHASING
Dowcr equal 20 the gold dollar-accordinJ
10 a solemn pledge made by the law OF lS9
and reiterated by the law OF lS93-that tn
Cnitcd States Will maintain tho two metal.
AT a parity upon the legal ratio
"a violation OF that pledge or n ncglec
60 perform it would be downright repudi
alton and national dlshonor.
How. then. does tho government keel
The gold and the silver dollar on parity
Wrist. by limiting the number or silver dol
X&ra In circulation, and, second. by keep
fng on hand sufficient gold reserve so tina
tho government may be able TO meet a.
obligations as they are likely to be pre-
meufcd- We all know that under stres
- AHls TtttlNt nau 10 y
rspienlshed by obtaining gold through tn
eEaia OF bonds. and II that gold had not beel
90 obtained the government would no
81vo been able 60 meet It's obligations Il
'such a way as 90 maintain the parity be
twccn tho two metals, and would have be
como a rcpudiator.
The Bryan democracy now proposes IN
4rco coinage OF silver. which means tina
anybody, American or foreigner. can pre-
sent silver bullion at our minis 90 have
coincd into dollars. by which. OF course
che Limitation OF our silver circulation wi
10 removed The Bryan platform furthe
demands that there shall be no moro gov
ernmont bonds Issued I'm times or peace
which demand was especially designed
and generally so understood, TO prevent IN
Enmuing OF bonds for the purpose OF ropion
fstsinE the gold reserve and OF keeping u
che parity between the gold and the ailvo
dollar. Thus the Bryan democracy has dc
11bcrafciy made Il manifest that Il doe
not moan 60 maintain the parity bctwce
9no gold and silver dollar as lt haa hereto
Nsn~as Enan nlnef.mlu fact that