Alma record. (Alma, Mich.) 1878-1928, 1896-09-04
Buy the famous Ceresota
Spring Wheat Flour of b. G.
Button.
Business in Earnest.

Tuesday evening the weekly meet
ing of the Mckinley and Hobart Club
was held at the club rooms. The mem
bers who filled the hall found it beauti
fully decorated with national flags,
/ bunting and fine portraits of the candi-
dates. Preliminary business soon dis
posed of. Pres Ely then announced
that all necessary committees have
been appointed, and are 1T work. Sec.
Brown announced that the club now
numbers l75 members. The president
outlined an admirable program of work
which the executive committee has de-
cided upon for the club. AS this ought
to be 'compaign of education," the
club is to have, not harangues, but
weekly talks, informal and fair minded,
by outsiders. Dr. Brooks will give Il
chair-talk next Tuesday night on the
political situation, from the standpoint
of an impartial and learned scholar. In
addition, the club will weekly resolve
its self into a school for the study of
national problems. A question box will
be instituted, all questions to be signed,
and asked only by members. These
questions will be assigned to capable
members for answer after sufficient
study All who wish to be profted by
study of national questions, are in
vited to meet with the club, both the
,ciues of the older members, the friends Of
the younger members, and patriotic
citizens not members of the club. The
rooms are pleasant and well supplied
with good literature.
The speaker of the evening was Hon.
j. Lee Potts of Ithaca, who talked on
currency problems. He showed that
when the democratic party went out of
power in 81, according to the message
Of President Buchanan, which he quoted,
the country was i'll bad financial and
industrial condition. But in 49, when,
after 81 years of continuous republican
rule, President Harrison left the chair,
the country, as his communication
showed, was very prosperous. Since then
the reason? Silverites say that our
hard times originated in 1873, because
silver was demonitized. But by care
full resume of our financial history from
the times of Robert Morris, jefferson
and Hamilton on down to Jackson,
Judge Potts showed that silver was
demonitized early in the century, by
making it so heavy that it would not
float. 1t went out of circulation by its
own weight. Therefore the "crime of
49," the so called demonitization of
silver at that time, over which unsound
moneyites rave, did not cause the fall of
prices in these later years. Then, will
remonitization, for which the silverites
clamor, cause better times? No! De-
spite the fact that they say we must
have more silver coined TO keep up
prices, (and % western mining firms,
worth $3.50, 900, 900, furnish much of the
b money to propagate this fallacy,) the
historical fact nevertheless remains,
bthat for many years prior to '73, only
So,UOO,UOU Ol SllNeI WIS COlucNi, NHllo III
the 10 years following '73, 100000, 900
of silver have been coined Still prices
have not risen.
Authoritative statisticians show that
prices have been on a general decline,
not since '73, but since the war And
the only possible reason for this condi-
ton, as political economists show, is
that Americans have, since the war, been
gradually producing too fast-farmers,
manufacturers, miners all. Every body
who could make anything, was in too
big hurry to get rich. Result was
sufficiency, then Over-production and
finally safety of the markets. All
kinds of producers then had to produce
less, and finally many had to stop entire
ly. Thousands gradually lost work,
mouths became hungry, men grew rest
less. The Republican party was in
power. Then the multi-millonaires of
the west, with their selfish and sectional
motives, who had been long waiting for