The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-10-24


statesmen Of the country. They would
have us believe what history does not
gupport-that gold and silver enjoyed
equal privileges In the mints OF the
limited States during all our history
down 10 1878. They assert that the
stopping of the free coinage OF silver In
lSi3 was s'the crime of the century, and
Is the cause of the present deplorable
business condition of the country. They
must know that prior TO 1913 we had
less than 100000 of silver dollars IN
circulation. We have coined since that
time nearly 5O0,000.000 Of silver dollars,
and they constitute part OF the cur
rency of the country. They do NOT teii
us that when the coinage of both gold
and silver was free In the United states
the per capita circulation in this country
was less than IL has been since the So
called "crime of 1873 why, under
the free coinage of both gold and silver
in the days of the fathers we had IN
1900 a per capita of 81 LOO; in 1888 II
was $500; in 1852 IL was Sl4.oS; In 1917
before the resumption or specie pay
ments, and when we were doing business
with unlimited paper currency, II was
$1S19: in 1894, twenty-one years atter
the suspension of free coinage OF silver,
we had n per capita of S2i.SS, and every
dollar was as good As gold In every part
of the world We have a greater per
capita in the United States than has
the United Kingdom of Great Britain
and a greater per capita than mas Ger
many The per capita of the whole
world Is about $515. The per capita or
the gold standard countries is SIS, while
the per capita of the silver standard
countries-of which they want 10 make
MS one--is about $3.50. Even in the
gold standard countries we nave more
silver per capita than they have In the
silver countries of the world The gold
standard countries, having populn-
ton OF less than one-third OF the worlds
population. have nearly two-thirds OF the
circulation of the worlds currency. Inc
United States has about 51s per cent: or
the total population of the prncipal
countries Of the world. yet II has
30 21-100 per cent. of the banking re-
sources and nearly 10 per cent. OF the
total money supply of the world. France
has a higher per capita than the united
States. hut the banking deposits IN the
United States are $77.76 per inhabitant,
or S43 greater for each inhabtant than
the banking deposits of France.
Per Capita Rate Would Decrease.
ut must never be forgotten that the
free coinage of silver nt the ratio of 10 TO
would not increase. but would decrease
our per capita circulation. IL would add
nothing TO il, but would rob us OF the
good money we now have and put US
where the silver countries of the world
are today-upon silver basis alone.
! There is nothing in our present currency
status, therefore. 20 disturb us, except
60 defeat the party which proposes TO de-
base il. Ii is the proposition TO debase
our currency standard that has created
| CONSERVATION In every business center or
the country; has made times hard, has
/ driven money from active industry. and
! put il behind barred doors, where IL will
/ be kept until confidence IL restored.
The people will not consent 60 n de-
| crease of their circulating medium, nor
! debasemcnt of that medium of exchange.
/ If by your votes this menace 20 the mon
\ ey and credit OF the country be dispclled,
and 10y the same votes you restore the
\ American protective policy. that will stop
deficiencies in the treasury, and Will pro-
/ tect American industry. and courage
and confidence will come back again.
Open the mills and the mines of our
country by judicious protective tariff
4 in the ranks of labor. and you cant stop
/ II in any other way. What will be the
voice Of Maryland on the 81 day Of No
vcmbcri Cries of Mckinley, McKn-
lcy.D What will be the voice of the
/ great city Of Baltimore? (Cries OF Me-
! kirley.D How will that old conservative
| city speak for national honor? Cries Of
by voting for Mckinley and portec-
TOM
! thank my old comrades OF the war
I for their presence here at my homo 10.
day. thank my fellow citizens of every
vocation for having pnid me this visit,
ana beg 20 thank them in the name Of
the Republican party for their ussur.
nnces OF loyal support 10 the PRINCIPLES OF
public honor. protective tariff. sound
money, reciprocity, which will bring to
us. trust and firmly believe, good times.
from which we wildly ran away In
! 1902"