Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1896-09-04
GIVE YEARS AGO"

Five years ago Hot Springs wa.
booming, real estate was selling rap
, idly, money changing hands fast,build
ing going on in every part of the city
laborers were plenty and allbusy, every
merchant in the town was doing we'll
What made those conditions and why
not in force today? The fact of there
being plenty of money in circulation
prices all of upward tendency and men
were not afraid to invest. Our cash
gave out prices commenced falling and
investors vanished. AS it was with
Hot Springs SO with the nation. I'm.
der the baneful influence of depreciat.
ing currency values fall and investors
are no more. Business is cut off
laborer without employment. Reverse
there conditions. Coin all the silver
offered, values will rise and no man
who will work will remain without EN-.
ployment.-Herald.
1t seems to bother our contemporary
to get the exact cause for the lack of
busy times in Hot Springs. Only a
short while ago it was attributing dull
times here entirely to the municipal
government, and proclaimed with Won
derful assurance that after our city
election, and the republican officers
came into power, all would be changed
business revived, building boom
inaugurated, everybody doing we'll, etc
No one else of course believed that {,
change in our municipal government
would bring about any such thing
though it might be beneficial to the
city to a certain extent.
But please notice how our G. G. adj
mits that Hot Springs only five years
ago was "booming. real estate was sell.
ing rapidly, money changing hands
fast, building going on in every part
of the city, laborers were plenty and
all busy, every merchant in town was
doing WE'LL" Now that is a good deal
for demopop to admit. especially
since the ''crime" that has caused the
awful times was committed way back
in Es. But the Herald evidently for
got itself i'll moment of reminiscent
rambling and stated positive truth
That condition actually existed here
five years ago, and less-and under this
same terrible financial system that we
still have. But note farther the query
of the Herald:
"What made those conditions anG
why not in force today?"
People have lately come to expect &
demopop to reply to such question
that it is all on account of the demone
tization of silver way back in 1873, but
the Herald says that it was from
"The fact of there being plenty OF
money in circulation, prices all of up
ward tendency and men we're not
afraid to invest"
That is just as true as can be, only
the Herald got the cart before the
horse. "Men were not afraid to invest
and therefore money circulated and
was plenty, and only five years ago
under our present financial system
but under republican administration
mind you. That's SO true that it hurts
some people. Then soon after that
good time "tive years ago. Grover
Cleveland and a democratic congress
was elected-democrats got full con-
troll. We got the "change" so loudly
clamored for by democrats and popu-
lists, And then what happened? Why
the Herald says:
"Our cash gave out, prices commenced
falling and the investors vanished"
How true! Only the Herald again
got the cart before the horse. for the
investors certainly vanished before our
cash gave out and prices commenced
falling. But the thing happened Just
the same, and here we are yet waiting
for those glorious times of "five years
ago. to return, and we don't know why
they shouldn't since we have the same
financial system, if the trouble is all
in our finances. And it isn't Hot
Springs alone that has had this con
trastlng experience within "five years.
but our e. C. confidently and honestl,
informs us that ''as it was with Hot
Springs SO with the nation"-and al
under this same "baneful influence o.
depreciating currency values"
And now the Herald's remedy lies i,
the endorsement of the last sentenc,
, OF the above Herald clipping, 'coin al
the silver offered" What absurditv
Here that paper points out the cooc
times of five years ago, under a repub
lican administration, as "a guide tt
, further good times. but finally declare,
that we can't again command those
conditions without adopting financia
system that we did not have then and
have not had, as they claim, since 1873
) We did not ''coin all the silver offered.
five years ago when we had such good
times, why necessary now? Is there
. consistency, or reason, in such arcu
ment? Read the above clipping from,
Grover Cleveland's official organ again