The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-12-05

Transformation
For two weeks this country has pre-
sented an object lesson that may well
tax the worlds wonder. History fur
nishes no such illustration OF the al
most miraculous effect OF revival OF
public confidence upon all departments
OF trade and business, upon manufac-
turing. mining and commercial enter
rrises, upon all the Industries of the
nation, its financial undertakings, lis
invested and it's idle capital. its en-
ployed and its unemployed labor. as
these ten days have shown us. IL has
amazed even those who predicted the
most far-reaching and widely extended
beneficial results from the election
OF Mckinley and the triumph Of the
principles of protection and sound
money. The most sanguine never
dreamed that the immediate effect
would be so marked and SO universal.
They believed that republican success
would reestablish confidence in all de-
partments Of business and finance; con-
fidence between man and man and
confidence I'm the credit, the honor and
the stability of the government. As a
result OF such restoration of public and
private faith they looked with the most
positive assurance for the gradual inn
proSemcnt and a slow recovery from
the discouraging conditions which have
prevailed for now four years. In
stead of q gradual change they have
witnessed an almost miraculous trans
formation.
Still more surprising must this swift
upspringing of paraiyzed industries.
arrested enterprises and sluggish trade
into new life and bounding activity
have been 60 the men, either mischiev-
Gus or misguided. who for months and
years have been trying 10 persuade
themselves and others that the cause
OF all the depression and distress lay
in the continuance of the gold stand
erl, and that nothing except the free
coinage of silver would ever bring re-
Lief, restore confidence and renew pros
pcrity. To these gentlemen the WITTY
ing and transforming effect upon bust
ness of the gdefeat Of their
chosen candidate and their cherished
principles must come rs a most start
ling if not, indeed. revelation.
Quite possibly some of the most OBJ
stiDate and unreasonable Of them may
pretend TO explain the business revival
upon the theory that il is not genuine,
but only a preconcertcd squirt of coun-
terfeit activity planned by the pluto
Gratis .or effect upon the public mind;
Just us they accounted for the trouble
some rise in wheat coincidently with a
drop in silver by attributing il TO the
Vaccinations of Mark Hanna. But the
great majority OF those who honestly
supported Bryan because they believed
in his theories-those who are mis-
guided rather than misunderstanding
weak rather than wicked-cannot fail
TO comprehend the lesson of the last
ten days.
This ought to be especially true in
the southern states, which gave their
electoral vote TO Bryan, not so much be-
cause the voters believed in him or
his theories as because they could not
overcome their lifelong habit OF voting
the democratic ticket, no matter what
Il stood for or who were the candidates.
Already there are encouraging signs
of n new light breaking in upon the
more intelligent and thoughtful people
of the south. They confess that they
had little heart in their support of
Bryan and took little stock in the hnan-
cial heresies and anarchistic tendencies
of the Chicago platform. They are not
20 blind nor so obstinate as 10 refuse
10 recognize the genuincness OF the
business revival or 20 admit that it IN
due to the restoration of confidence in
consequence Of Bryan's defeap. And
they do not need to be told that n re-
vivaI OF business all over the country
means M much for their own section
as for any other, IL not, indeed, more.
They know that what the south needs
more than anything else for the pros
perity OF its business interests and
the material welfare OF its people is
the development of it's resources and
diversincation of Is industries. For
this it needs capital, and they know
that the antecedent condition for the
investment of capital - sound and
stable currency, insuring safe returns
in honest money. Having learned 10
this extent the lesson of the late eloc-
ton, they will not long stand in their
own light, but will drop Organism
and populiEm for good and all, and fail
In with the procession already on. the
march toward national prospcrity.-N.
Y. Trisnne.
Change Ia Needed.