The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1897-09-04
POLITICAL DRIFT.

tinues to rise while silver continues to
fall?
Uwheat is stil climbing remorse-
lessly toward par measured In gold
prices, while silver Is on its way 10 40
cents. Will even study of Spanish
enable Brer Bryan 10 explain these re-
lentless facts? - Louisville Courier
Journal (Dem.).
DUnless silver stops its downward
course. that party Of patriots who re-
Gently sailed for Japan TO obtain argu-
ments in favor of the white metal will
scarcely be able 10 present much en-
couragement to the cause in time for
the autumnal election of 1897.
CTIt is a little curious that Mulhalrs
statistics should show the very
spot which was selected by the silver
ties as their basis of operations last
year-the prairie states-to be the
most prosperous spot on earth, as reck-
oned by the production of food per
capita.
ryThe assertion of the free-silver
orators OF last year that prosperity
could not come 10 the people of the
United States without the free and un-
limited coinage Of silver does not read
very well in parallel columns just now
with the double-leaded announcements
of prosperity which the frankost and
brayest of those journals are now pub
fishing.
GZA free trade paper says the receipts
from customs for the first four days OF
the Wilson bill were $3.25O,0oo, while
the receipts under the new law for the
same time were but S1,62i, 500. That
free trader must at least admit that
the consumer is not paying much tax
just now unless the importers who filed
up their warehouses are collecting it,
ST. Louis Globe-Democrat.
GTSome of the democratic papers are
greatly concerned lest President Nc
Kinley should bring the presidential
office into discredit by making speeches
for Mr.. Hanna in the Ohio campaign
this year. They will doubtless feel re-
lieved when they discover that Mr..
Hanna has enough friends to look after
his interests without taking the atten-
ton OF the president from public BUSH
ness.-Chicago Tribune.
EIWith wheat selling at more than
one dollar per bushel i'm New York mar
kets, where II was worth only IS cents
year ago, those tables which at
tempted TO show that wheat and sill
yer keep pace as 10 their relative value
seem rather absurd now. Especially
is this the case when IL is remembered
that silver was worth 65 cents an
ounce in New York on August l of last
year, and is now worth So cents, one
year later.
GZ"The evidence accumulates with
each days advices that the long-con-
tinued depression in financial circles
has passed, and thanks 70 five years OF
forced economy and cessation of spec
ulation, coupled with to-day's album
dant harvest at remunerative prices TO
the agriculturists, a new prosperity is
coming to the people. From Address
of Comptroller Eckels (Dem) Before
American Bankers Association, Au-
gust is, 1897.
ETThe accounts of assumptions of
work and advances OF wages which the
dispatches bring from many places in
different parts of the country mike
very pleasing reading. 1t is reading
which will become familiar from this
time onward until everybody who can
be induced to accept work has it and
is fully restored. Nobody
can tell how long the prosperity will
last, but for few years, at least, the
country is likely TO have as good times
as it ever knew in the past.--St. Louis
Globe Democrat.
E|There was an advance In prices
OF corn, oats, rye, hay, potatoes, wheat,
beans, cotton seed oil, hemp, beeyes.
bacon, lard, rice, eggs, mutton, cotton,
tobacco, wool and other articles of
farm production during the month OF
July. Commenting upon this fact,
Bradstreet's says: This is evidence of
a healthful ground swell of demand for
staple products and emphasizes the
radical improvement in the situation Of
the American agriculturist who has
had no such opportunity 10 reap a
large share OF the rewards OF labor for
years"
EIThe warehouse-certihcate scheme,
wherein certificates based upon the
bullion value OF silver may be used, Is
now the only hope of ex-Goy. Boies, of
Iowa, as a basis OF currency. He said,
months ago, as did many Of those who
last year supported the free-coinage-of-
silver idea, that the day for that prop
osition had passed. In his last propo-
sition, made public few days ago, he
suggests that the only method Of max
ing silver useful as a basis for currency
is its deposit in warehouses and the is
suance OF certificates upon It's bullion
value This might be a good scheme
il silver did not have an uncomfortable
way of taking a drop every now and
then.
ryFree silver and free trade having
lost their charm with the people OF the
United States, the democratic leaders,
who recognize that they will soon be