The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-08-22

meusc assurance OF us huccess'
,,nco,, Neb Ang. s.-To the Editor:
Nv land Is encountered by mortgage OF
$1,000 payable IA lawful money November
/. 1897. must pay TINS aeDt Win INC
rnr,stances / will be able 10 raise 1000
bushels OF wheat next year. III there = no
change ln our financial system. THIS wheat,
M 10 cents per bushel, Will pay half the
debt When the value OF silver dollar
n reduced 20 80 cents by free coinage q
bushel OF wheat. without any change IN
lis value. Will be worth oo-cent u9llar'
With free coinage OF silver ! shall, there
fore, Toe able 20 pay the entire debt Win
the 1000 bushels or wheat. me burden OF
nnyinr debt OF $1,000 has doubled since
| narrowed The money | have obeyed the
laws OF my country under the gold standard
and shall obey them under silver standard.
The opponents OF free coinage OF silver are
nppealIng 10 the iaDorcrs. tine creditors aHd
Motley holders 90 protect their own per
sonai interests IN should fall TO look out
for my own interests who VIII 90 80 tor
me9 = there any reason why ! should nor
vote for the free and unlimited coinage OF
silvcr2 Very respectfully. j. W. singer
The answer is not far 70 seek.
when this farmer borrowed the money
II was the equivalent of $1,000 in gold.
II was the same as II he had received II
iii in gold $40 pieces. He could have
had il that way If he so desired. Per
hans he did. for many such loans have
/ mu0H.
SloOO In gold equivalent. lie probably
improved his farm 20 that extent or
Io'teht stock or machinery. In whatever
WY no used IL. unless he burned II mp or
sntiandcred IL. he got ie received.
i The borrowing and lend vas busl.
7 ness transaction ana the borrower usen
+ The money TO promote his business IN
terests
AZ no time since that mortgage was
oxncuted. for few mortgages run over
/ 6ye years without renewal. would n
tbonsand bushels of wheat have paid IL.
! Snpnose we had borrowed the money
! from n neighboring farmer more pros
nerous than he. That neighbor wonld
| nrobably have 20 carry something like
two thousand bushels OF whent to town
lkell il for a thousand dollars, get the
money and hand IL over 10 his
friend. There have been In the
nastN thousands of such transac'
lions. In fact. In every farming
community there are few farmers
moro thrifty and of better business quail
ifcations than the others. who always
have money 90 lend ont of their savings
They get the money from tho products
of their farms. but they are not loanni
those uroducts. They are lOaning tbs
money and since 1870 Il has been gols
or ia equivalent. Why should the,
not have the same kind Of money In re
payment
IL II any wonder that the advocates o
unlimited free coinage are charged Will
dlshoncstv and that silver Is called dis
honest money. when by the passage o
law n thousand 50-cent dollars viii b
sufficient TO discharge a debt OF thou
sand fOO-ccnt dolarsl Such law
amonnts 10 the Reputation Of one-hal
I've deht obligations of all the debtors u
! the United states.
when MIR. Bingcr In the above lette
.ovs .srrhe burden Of paying n debt O
Sfono has doubled since ! borrowed IN
! money" he must rcmcmber, u he j. stat
, Inc what Is true. that the burden Is nc
, alone upon him. but upon every othe
business man who has borrowed none,
Merchants and manufacturers feel ti
. sane stress of the hard times "a Oh
l farmers DO. II Is not because they bo
! rowel gold and have 20 repay gold tht
! tho burden Is greater, but that the
Earnings and assets have not turned ot
, as they hoped and expected. Compel
I, zion and Oycrproducfion have ahcctt
(. the whole world. but population IL NJ
4 the nroper cure for II.
! Honesty II the best pollcy-ns polio
I. merely. without reference 20 It's NOR
ouaIity--for nations as well as for Ind