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

We otS iot mere 40 dusotattS OF aICiO-
gists OF Wall street. But let us say in
the interests OF fair play, that when IN
January of 1894, our gold reserve had
dropped To $74, los. 149, a fall OF $40, 000,-
COO In 90 days and the ablest financicrs
OF the party, barring Senator PETER.
Jerry Simpson and Mr.. Bryan, saw DIS
aster impending-when the issue of
$50,000,000 of bonds was enjoined by the
advocates OF free silver--it was at this
critical juncture that Wall street New
York bankers. trust companies and In
vestors) came to the rescue of the credit
OF the government, and within two days
subscribed the $4,000, 900, sent IL to
Washington and restored public conf
dcnce as 1t could have done in no other
way.
The fact remains that few have been
able to dodge the fury of the financial
gale that has been blowing SO fiercely
for the past 80 months and more.
Alas. too many of our fellow citizens
find themselves in the sorry plight OF a
friend of mine who recently stood on
the shores of Salt lake, gazed on the
tumbling waves, and was overheard TO
utter these heartbroken lines after Ten
nyson:
Break. break, break,
On thy cold gray stones. oh. sea;
III you break for 13,000,0 900 years,
You can't be worse dead broke than mo. I"
But the infallible liniment for all
governmental bruises is--more money.
Never in the annals of the republic
a Al
is to-day.
Money that ought to be out working
for wages.
Money locked up in banks, money
piled up in the safety vaults, money
stored here and there.
Money! Money! Money!
II is reliably estimated that only cne-
sixth of our currency is taking manual
exercise.
That the other fve-sixths is timidly
peeping through the shutters or lying
supinely on the mattress OF repose,
afraid to venture out into the uncertain
weather, waiting till the blizzard blows
by.
Let us give you the figures, according
to the foregoing estimates which we
believe are authentic.
Only $3.50, 100000 of our currency feels
able TO be out, while the balance. or
over 81 ,250,o 00,0 900, is boarded at home.
OF this sum. over S70,000,000 in excess
of legal requirements, lies in the city
of New York alone.
What is true OF New York is true of
| the whole country.
What is the panacea offered for the
paralysis of the times?
The free and unlimited coinage OF sill
yer at the ratio of sixteen TO one, with
out consulting any other nation under
the sun.
Well, that is jingling poetry, but dis
reputable prose.
The remedy is the free and unlimited
coinage OF the white metal, because it
| will increase the circulating medium
| and make times better.
That is the cure-all prescribed by the
loquacious, IL not learned physicians OF
the silver school.
Let us see. Let us diagnose the dose
as well as the disease.
Let us not, in our desperation, gulp
the first prescription offered. Let us not
run after quacks. Let us see.
Will you be kind enough and fair
enough TO admit that you must have
the money before you can bask in the
sunshine that its expenditure brings?
! OF course you must admit that.
Now kindly instruct us, my silver
| friends, how In the name OF the great
"Hocus pocus" we are going to come in
| for our royal share TO which we will
both agree wa are richly entitled in the
distribution.
VIII we get IL by the hatful, handful
or spoonful?
| How will we get IL?
After we have free coinage, the prob
lem that causes us trouble in job lots,
In how we shall have free distribution.
so that we will not be left out.
Listenl
Only quarter OF billion OF our ctu-
pendous one and half billion of money
now in actual circulation, and untold
millions of money, good money, en-
treating safe investment-at from three
To five per cent, and no demand for
one-half the idle money. where Is the
sane and honest man who dares To say
that the injection into the coinage and
| currency of the country of countless
millions OF 5O-cent dollars, would in
spire confidence already sorely shat
tered and lift the nation TO the highest
pinnacle OF prosperity.
IL is monstrous imposition on the
credulity, the intelligence and integ-
rity OF the American people.
A blind man, il seems To MS, can see
that instead of unparalleled prosperity,
the fruit of such policy must be APP
palling disaster and ruin.
What Is the condition as IL exists to-
day?
| Enterprise has proven Improbable.
Capital has found inadequate returns
on it's investment.
Mills and factories have been running
at no profit, or mt n decided loss. Yes,
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