The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1897-10-23

| IN settling international balances unless at
/ It's bullion price IN the world market.
Then how has one-half Of the worlds
money been destroyed? And what has be-
come OF the silver mined since 1872
What has become OF the gold mined since
/ 1873? We know that there has been a very
\ great increase in the worlds production OF
| gold. especially In the last ten years,
/ amounting 10 an annual average or $780,
\ 100000 or more, or nearly $1,000. 100000 or
| gold In ten years, a greater annual product
| OF gold than OF both gold and silver to-
/ gether In any one year between 1892 and
iSs5. or for a continuous period OF % years.
/ and that this constantly increasing produce
/ ton OF gold Is likely 20 continue for some
/ years n not indefinitely. In the face OF
/ these indisputable facts who can say that
| one-half OF the metallic money OF the
world has been destroyed when none OF
IL. or practically none has been taken out
\ OF circulation and great additions have
/ been made since 1873?
This fan OF prices. Il was charged, had
/ special application 10 farm products, re-
sulting from the fall Of silver. and wheat
and cotton were familiar illustrations
1.-THE prices OF agricultural products have
/ fluctuated since and before 1873. but these
/ prices have fiuctuated up and down accord
Ing 10 law Of their own. the fan OF sill
yer exerting little or no influence upon
them, from the fact that these products
/ produced IN silver using countries and eX-
\ ported have az no time been SO great as 10
perocptibly aneet the price in importing
countries.
Bryan's Prcposterous Ideas.
Mr.. Bryan and his followers told as last
year. and tell US now, that We should opcn
our minis without the aid or consent of
any other nation at the ratio Of sixteen TO
one, when the commercial ratio was thirty
i two 10 one last year, and now IS thirty-siN
20 one, and huctuating constantly VA the
| worlds market can any scheme be more
D. tHtsr
! he more absurd than 20 call II bimetallism2
IL Is silver money. dcbased money, nuctuat-
/ ing money and these alone. Yet some have
been persuaded that this means both gold
and silver circulating side BY side IN our
country. Their dclusion Is only oqualcd BY
That Of the old lady who tried 10 mop up
the incoming waves OF the ocean with her
broom
"The value of silver IN IT'S relation 20 gold
was maintained by the worlds use OF both
on worlds ratio IL cannot be restored
In any other way than by the restoration or
such use. SO IT'S restoration with gold rests
on this international use which formerly
prevailed. and which was destroyed by the
action chiefly, " not wholly, OF Europe, ana
not by the United States. Untu then ma
lions will De either upon a gold standard, or
| a silver standard, no matter what the radio,
each nation selecting the metal which In
its own Judgment best meets it5 trade c1u-
ditlons. Their selection may DE wise. or
/
This question for Itself. not last year only,
but over and over again, and no party VIII
90 10 tho country directly proposing a
change from gold 90 silver. II was sought
last year. and IL IS sought 20 90 81 now by
ludirCction. IL ls the hope OF some, bat
believe not many, that free coinage can be
forced. thereby bringing as 10 a silver
standard under the false issue Of bimetal-
lism without directly avowing their pur-
pose.
silver Ccrtiacatcs,
"silver and silver certificates form n
great part OF our paper circulation; the ne
ccssities OF trade ana business and public
and private credit alike require that they
shall bc maintained AZ par with gold. The
2 government must do this 20 maintain IFS
own honor and integrity. II has guaran-
tced this Indirectly by putting Into the
e. treasury more than N00OO0.0O0. clear profit
on the coinage, and II has at least three
: times made this guaranty by positive
, statute law. IL therefore Is bound 70 pro-
! vide not only the machinery but the means
TO accomplish this purpose. 1t would De
bad faith by direct statute or by indirect
r jugglery to violate that promise 80 sacred.
, ~ made and so often repeated. The green
back, In fact, now forms connecting link
- whereby this promise can be redeemed. anc
y should not be disturbed as long as this
promise exists. SO a reserve IS necessary
: for the purpose, and there IS ample stat
y utory power 10 provide n, and President
/ Mckinley VIII see that Il Is done In the
\ future, as it has been done I'm the past
. Therefore, though positive legislation Is
. impracticable now, or I'm the near future.
\ there Is ample power 20 maintain this posi-
! tive promise that all our currency shall re-
e main at a parity. The country knows this
q and believes II.
'With credit restored through the cleo.
81 ton OF William Mckinley and faith in him
q and his party money Is coming from It's re-
r treats aud hiding places. Credit given Il.
n assured % a return equal in value 10 tht
I credit or money loaned, business is rccstab-
T. lished on a stable basis profits are reai'
h lied with no danger OF clipped money the
: rate OF interest IS diminishing with money
. in active employment.
e Republican Promises Are kept.
e 1T h. impossible for any Affirmative legl,-
n lation TO be adopted during this congress-
, improving or enlargng our banking sy9'
s TEN, and 10 Is impossible 20 reestablish tho
3 old state bank system on a safe basis so as
n TO secure "A safe national circulation OF
r paper money so essential 20 easy and cheaf
Q exchanges from one portion Of our widely
4 extended country TO another
70 For the nr8t time ia our history tarin
+, law was passed within five months after
g the inauguration with view 90 take car,
y Of our own diversified interests and pro-
Y vide ample revenue for the government
+ Thus we have promptly met the cNpccta'
tions OF the people In that regard
III may therefore be truthfully SAID
n without cxultation that tho republican par
9 ~ has kept It's promises and 81 fulfilling
q them. that thus far its predictions have
e been fulfilled
n 1T may be too soon 90 form an accurat,
- Judgment az 10 the success OF President
q MctLinley's administration OF affairs. bu
h Justice TO him and his advisers requires ~
il TO say that they have met the public cN
o pcctation, that though IN some matters Az
r respects our foreign policy they have no
3 gone as rapidly as some would wish. thcl
e. have taken up all the public questions. botl
r. domestic and foreign, with wisdom anC
q care. aud are seeking 20 solve them Wise
lv. with proper relation TO every just Oh
Z legation consistent with our national ira
L ditions, and 50 as not 20 discredit our coun
n try al home or abroad, and We may have m
+ abiding faith that, In the proper way ans
d without unnecessary delay. they win b'
3 40 settled as to meet with the approval o