The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-08-29

menace TO our financial standing and credit
could hardly be conceived. and every patri-
otto citizen should be aroused 10 promptly
meet and enectually defeati II.
In the Hig hest Degree Reprehensibie.
1T Is cause for painful regret and So
llcitude that an effort Is being made ny
those high I'm the counaeis OF the alntu
parties 20 divide the people OK ,h,S coun ony
us. which. IN fact, do not exist, Ena aIe
repugnant 10 our form or government
These appeals 10 passion ana preJhulce
are beneath the spirit and intelligence OF
free people. and should be met with stern
rebukc by those they are sought 10 innu-
ence. and 4 believe they VIII De ENssy
attempt 10 array class against class, the
classes against the masses, sectlon atainst
section. labor against capital, the poor
AGAINST the rich, or interest against inter-
est In the United States. Is IN the hl8nest
degree reprehensible. IL Is opposed TO tne w,
rational Instinct and Interest ana sho"iu
1--WE are not a nation OF classes. but OF
sturdy, free, independent ana honorapic
people, despising the demasogne. ana ncsrl
ring effort endangers popular govern men.
and Is a menace 10 our liberties AZ ~ nI'
"A new campaign device or party appear
II is as old as government among men.
but was never more untimely ana uhioI-
tnnate than now. Washington waIueu W.
against IL, and Webster said In the senate
I'M words which I feel are singularly az
proprate at this time: i admonish IN, tne
people against the object or outeI ,,s i, rs
s snssr' ~ ,his country TO be on his guard
against such delusion. l tell hum me NJ
tempt IS 20 play on ms pnS hiD, IN the name
Of liberty, 20 destroy All the fruits %
! liberty
protection OF supreme Importance.
"a thaf OF nrotectlon. The peril OF free sill
! yer A. q menace TO be feared; we are Aifeauy
experiencing the effect OF part va ter
! corrected The republican party IS Wtuueu
10 the doctrine OF protection and was never
more , earhe We're y, needed to strengthen de-
1 vofion 10 the American system or
20 increase the hold OF thnt syss,c Ia
! in the lesson and experience OF the past
| three years. Men realize I'm their own
i them only report. history or tradition
| They have had a trial OF both systems
and know what each has done for them
Demanded by Public Exigencies.
sWashington in his farewell address.
September H. 1896. 100 years ago. said; AZ
/ n very important source Of strength and Sc
| curity. cherish public credit. one method
OF preserving IL Is 10 use II as sparlngly az
| POSSIBLY: avoiding the accumulation OF
debt not only by stunning occasions OF eN-
pense. but by vigorous exertions IN tline
| of peacc to discharge the debts which nn-
| aVoldahlc wars may have occaSioned, not
| unpcnerousiy throwing upon posteriy the
burden which we ourselves ought 10 pear ~
| maNiIns which he announced he declare,
| 'It Us essential that you should prachcallN
bear IN mind that towards the payment OF
debts there must be revenue; that 70 have
| revenue there must be taxes that no taxes
can be devised which are not more or less
inconVcnicnt or unpleasant, that the IN
/ trlnsic embarrassment inseparable froin
the selection OF the proper objects tWhle
IS always a choice OF difilcultics) ought 20
be n decisive motive for a candid conairue-
ton OF the conduct OF tho government 81
making st: ana for a spirit OF acqricsceHce
IN the measures for obtaining reNenu
L. wi
animated by like sentiments the pcovic
OF the country must now LAC tnS i Ho'l ~
| ivencics demand prompt protective legls
lntion which viii avoid the accumulation
81 further debt by providing adequate rev
enues Tor the expenses OF the government
| This S. ranfcstly the requirement. OF dutF
! III elected president OF the United state.
| IN viii hc my aim 20 vigorously promote
. / this object and give that ample encourage
, ment 90 the occupations OF the Amerlrai
, | people which above all clsc Is so impeTa
| lively demafued at TINS Juncture OF our ia
! tional affairs
Our Condition In December. 1893.
"In December, 1872. President Harrison
, sent his last message 10 congress lt Wa'
7 an able and exhaustive review Of the con
ditlon and resources OF the country. j
stated our situation so accurately that
/ am sure Il VIII not be amiss 20 recite ~
. official and valuable testimony. "rher'
never has been a time in our history. said n
when work was 80 abundant, or whei
, Wages were so high whether Their measures e
by their power 10 supply the necessor.e
{ and comforts OF life. The general aVera 81
OF prices has been such as 20 Eivc atri
4 culture a fair participation in the genera
prosperity The new Industrial plants cs
I tabllahed since October g, 1890, am
and the extension Of existing plants
Y los. The new capital invested amounts Z
? $50, $4,000. and the number OF additional en-
ploycs. 1925. During the first SIX month
! | OF tho present calendar year, ic5 ncw fac
I tories were built. OF which 40 were cotto
, mills, As knitting mills. &c woslen inils ]
I. silk mills, plush mills and = Iincn mills
0f tho 90 cotton mills. 2t hate heen hull
{, in the southern stntes.' Tlils fairly de
! scribes the happy condition o. the countr
IN December. 1892.
, our Condition since asd Now.
. 1.-THE messages OF President Cloyelan
+ from the beginning OF his second admins
tration TO me present 1mf SoGndu WI,
e and financial situation OF the countr,
@ While no resort TO history or official state
ment IS required 10 advise us OF the preser
n condition and that which has prcvailo
y quote from President Cieveland's first mes
o sage, August s. 1892 addressed 70 the FIT.
+ third congress, which he had called Z,
X gether In extraordinary session. The e.
Il stence OF en- alarming and extraordinary
q business situation said he. Involving n
y welfare and prosperity OF all our peopl
" has CONSTRUCTED me TO call together In e.
~ ira session the peoples representa-
r. wise and patriotic exercise OF the lcgisl'
In tive duties with which they solely al
N charged the present evils may be nit
{ gated and dangers threatening the futui
n | may be averted Our unfortunate financi
l. plight IN not the result OF untoward even
lf nor OF conditions related TO our natural r.
l. sources Nor Is II traceable TO any OF n
Affections which frequently check nation
growth and prosperity. With plonteol
a crops, with abundant promise OF remune
IN | alive production and manufacture, vii
n unusual invitation to safe investment nj
~ | with satisfactory assurances 10 busine
~ enterprises. suddenly financial dlstrust a.
- fear have sprung mp on every side. NJ
la meroua moneyed institutions have su
~ | pended, because abundant assets were N
n | mmediately available 10 meet tho q
l. | mands OF frightened depostors Survivif
~ corporations and individuals are conte
~ 10 keen Ia hand the money they are usual
10 anxious 20 loan. and those engaged
IN legitimate business are surprised TO III
- that the securities they offer for loan
% though heretofore satisfactory, are
~ longer accepted. Values supposed TO