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

penalties 10 bring ia their grain, and the
millers 10 grind 1t, and the merchants to
sell it. And oil this financial debaueh
going on until The entire issues 81 fiat
money had reached close upon 10000
900 900 OF francs, with the result that
an thrift had been obliterated, all BUSH
ness vitiated, the working classes
plunged into abiect distress; the country
given over TO an arisoctracy of stock
gamblers and money changers, until
finally a Bosaparte was needed 20 force
the nation back TO sound money Aud
note that on July 16, l79G-a hundred
years, almost 20 a day, before the as
sembling 81 the convention at Chicago
the whole fat money system in France
collapsed, and the vast mass Of 10000
OOO,O 900 assignats and $500, 0OO,O 900
mandats, issued "undcr the sanction Of
free people" all became refuse and
were swept into the dust heap together.
All this panorama seemed TO unroll
before me as looked upon that convcn-
ton. But not at ali besause expected
these results here and now
Mr.. White has confidence in the com
mon sense Of the vast element in our
population which President Lincoln
used TO speak OF as 'the plain people,
"A conservative class which had been ex-
tinguished IN France by the events ri the
two centuries preceding the revolution.
lie secs another difference Ia our favor:
The French quick-witted as they are,
had not had our experience OF dema-
gogucs and fanatics They took them
nt their face value, or rather at their
tongue value. But our people have
learned the turns and tricks OF those
gentlemen. They applaud them, indeed,
~ they would applaud any other
mountehanks but the sober second
thought comes in Go check belief that at
the waving OF their wand real bread can
be miraculously created, or real money
miraculously multiplied.
lie furthermore points out the impor-
tant fact that while in France the
Whole body u farmers and workinglnen
had probably everything to gain by a
revolution; here they have certainly
everything 20 lose "
There were there and then none OF
those widespread instrumentalities OF
developing thrift among an classes Of
people aud for guarding its results,
which give so firm IN anchorage to our
institutions Here and now we have
those instrumentalitiss, and tl y con-
stitute vast popular cour yative
force arrayed against everything likely
to bring crash or panic or stoapagc
OF business, and especially against any
financial legerdemain which proposes to
make people rich by pamng oil cheap
money upon them.
In short, the millions Of people who
are depositers ia savings banks, or who
have interests in building and loan
associations, or insurance policies, con-
stitute creditor class "ol which old
revolutionary France never dreamed.
Then, too, there are all those relying
VII ifNileiOAo Ntih tiANN iAADhiNr liOill
small investments and salaries, which.
under the operation Of the Chicago plat
form, would he reduced by about one
half Here, then, are additional millions
OF men and women to whose plain inter
ests an appeal can be made which not
one in thousand OF them can disregard
il they are made TO understand it, Let
demagogues Of every sort stir their ha-
tired for the moment their sober second
thought, like that ofall the small CAPT
talists referred to- can be relied upon in
a struggle Tor justice.
There is still another potent influence
on the side Of intelligence and good gov
Mr. White docs not refer 20
it, but il il omnipresent ia United states /
and it was absent ia France 1t is the
Fourth Estate-the newspaper press
There certainly is deep significance in
the fact that 300 leading Democratic
newspapers 10 different parts Of the
country declare that they cannot and
willnot support The candidates OF the
Chicago Democratic convention. Tho /
dissemination OF sound argument on tho
money question by all these influential 4
as well as by the trusty Re
publican press throughout the nation, /