The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-09-19

"A farmer out here In his field Is plant
ing grain. possibly beyond what he VIII
bosom or the earth which he Will never
use. The shepherd Is tending fiocks whose
him But each man works and tolls At
the task which Is before him because het
knows that other men I'm other quarters Of
he Will need. and that he will be allowed
70 exchange his own surplus products for
them e without interference from any gov
or ms contract by any power In the world
sound Credit the Issue.
Now. suppose government. which was
organized 10 protect property. whose iunc-
ton II is 10 enforcs these contracts where's
government perverted from its natural
functions should be used TO disturb COM
tracts freely made between these pro-
ducers, and 10 tempt one man 10 cheat the
other. confidence would receive a shock
from which industry would not recover
IN TINS generation or In generations TO
Il can do again. III government can disturb
the contracts that exist now on which AIN
iurb the contracts that may be made in the the
future. And who would toll and who would
strive and who would explore the subtsr-'
ranean passages OF the mines. what divert
would seek the treasure that lies In thol
sunken wreck, what sailor would pilot overl
surging waves the bark laden with tho,
freight OF human toil-if the contractsl
which he made with his neighbor could notl
BE- enforced by government. but should beI
standing the basis on which civilized So
ciety proceeds His conception or civiliza-
t peI. Is one OF war and one or eonnict Mr..
delivered declared that IL was impossiblel
TO make any word rhyme with syndicatel
except hate. / don't believe there Is any-i
thing In the world excites a popullst like
the mention OF a national bank. Why, i'm,
Mr Bryan's bigamous presidential house.
ehaUN al L. a..
ship reviles the northern pretender and
fnncies that he has exhausted the languasol
OF vituperation and abuse when he says hcl
Is national bank officer. For savingDl
banks. Insurance companies and all kindred
corporations the popuilst finds no word In
she d Ensisn yoISaSIlary ,ueentiy savafs
all the feeling there Is in him when their,
names are mentioned. Now my friends,l
all the other Commercial devices which;
we know are but features I'm that scheriie'
or general cooperation which We coll civ
ilized society. I
what IL n BankY
what is a bank? II mentioned thisin
populist meeting / would never go any
further To ask such gentlemen what was
q bank would be TO ask them TO give some.
reasons FOR the emotions which governed
them and that IL never forgiven In a popu-
list assemblage A bank liz but n device by
which men would help aid each other I'm their.
industry and their enterprise. Men deposit
their funds In a bank because they can get
on with less money and have more OF their
money Invested in proiit-producing commod-
ties than IL they kept their money secreted In
their own houses. bank plays in the
commercial world about the same function
that club does In the social world. We all
know that when a club OF 1000 members In
established II is organized on the theory
that not more than 100 members will use
the clubhouse At any one time. and thus the
man gets the benefit OF this clubhouse
whenever he wants TO use IL for about ten
per cent. OF what IL would cost him 10 get
tho beneit of IL exclusively.
Now, In bank where several men carry
their deposits together IL Is only about Is
per cent. OF these deposits that Will be de-
manded at any one time. 30 that the bank
can use the other 75 per cent. TO loan among
! Its depositors When chairmaker comes to
the bank TO borrow money with which to
| put out the chairs he is manufacturing, tho
bank does not lend him its own money. but
| the money OF It's depositors When the
chairs are made and sold he repays the loan
and makes a deposit OF his own.
THE farmer, when he seeks TO plant hio
| crop. borrows money from the bank. and
| when the crop is harvested he repays H..
| with an addition in the shape of his own
| deposit The bank inquiries into tho ca
| pacity OF each man. IL lends him the
| can make these INQUIRIES, and so each man
| In his turn gets the benefit OF the money
| OF his fellow man. and the whole operation
or the bank Is TO use the capital OF many
men 10 stimulate the industries OF other
| men, though all the borrowers may be
strangers 70 the. men whose money isl
| laborer who works on railroad deposits
the small savings he accumulates from
month to month, and The bank handles
! the railroad. and so the laborer becomes
| tho creditor OF his own employer. helps his
ndIstry o promotes It's SroWth and IN pre-
| ties for labor.
Intsrdependence OF individuals.
III fire breaks out here in Chicago to-
morrow, consuming buildings. the fire in
losses in the first instance, but the rates
would be increased Immediately, and so
the other insurers would I'm the long run
contribute TO meeting the result OF tho
disaster which none can foresee. II wind
| swept over the lakes and piled the shores
high with wrecks OF crafts the marine
| but raise the rates OF marine Insurance..
| And so every other owner OF ships would
instance fell on a few. II a plague broke
| out and a great mortality broke out among
| the people the rates OF insurance would
| falls on men Is shared by other men. Every
| industry In which man is engaged is in
| terested In the industry OF every other
| man. Civilizel life Is not war. ~ Ia not
| pillagc. IL Is not hate n rs mutual coop
| Grafton, mutual assistance and mutual
benefit. IL y peace eandor and good VIII.
| Civilized society is n great workshop. I'm
i which every man plays his separate part,
but IN which no man can work without
| benehting all his fellow-mon.
THE issue between the populist and the
| democrat Is the issue whether civilization
shall be upheld by framing our laws on
| principles OF honor and honesty, by the en-
! forcemcnt OF words, pledged In commerce.
| or whether we shall frame them to tempt
the citizen 20 dishonesty and incite him TO
! the breach OF the contracts which he has
| made, whether we shall consider the func-
| ton or government 70 be the maintenance
OF peace or 10 be the fomenting OF dis
| cord whether we shall consider that this
| government ms II has existed is the last.
the best political Gift n Gods commend.
| or whether we shall considerit n woeful fail
| ure, illustrating simply His incapacity to
| manage His own affairs and TO exercises
the powers which an unconstitutional sys-
tenn confides TO Hts hands
Will Uphold tho Republic.
1T do not believe that the answer 10 this
| populistic challenge can be helpful. / be-
| liove that the American people will record
their votes upon this issue In favor OF their
| own virtue and their own honesty / be-
! lleve they will hold that the government ls
not failure, but shining success, They
| VIII never believe as the populistB pretend
| 90 them that the American people have
participated I'm dishonesty. or that they