Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1899-10-21

AeIOllhS VI puDllC dIdILS, diu IL WlS
adjustment of the blessings ~vouchsafed
by nature to the conservation of the true
interests of mankind.
They forget thai Grover Cleveland in
creased the nations supply of gold to
the extent of 1892. 900, 900. 1t is true,
he ran the nationsh debt for the gold but
ing his term, and it was a prospective
instead of an immediate burden. Thae
was a great deal more gold dumped into
the national treasury, to the credit of
the nation, than has gone into our vaults
at Washington as the direct result Of the
gold discoveries made this year and last.
Our national increase of gold has
found it's way into the treasury of the
United States through business channels,
not because Tom, Dick and Harry have
uncovered more gold in the British pos
sessions. No proportion of Klondike gold
goes into the Golfers of the nation, ex-
cept through business channels Yet
there is a marked difference in the ca
pacity of the nation to meet it's obliga-
tions during the administration of Cleve-
land and the administration of Mckinney.
1t is not alone the volume Of money that
ensures prosperity, but the application
of such processes in legislation as will
tend to diffuse that money throughout
the country, thereby inspiring confidence
and enabling enterprise to find legitl-
mate fields for business activity.
The secret of the differences between
the one administration and the other,
insofar as depression and prosperity are
concerned, does not lie so much in the
per capita as in equitable laws intelll-
gently applied for the natural distribu-
ton of the volume of money through the
arteries of m and trade. Had not
the money already in the country when
Cleveland retired from office been dug
up out of the bank vaults and other
boarding places. and placed in circula-
ton, through confidence or the part of
ltS that i-stAi ~ ~
intelligently handled by the new admin
istration, bad times would have contin-
ued indefinitely.
1t was popular confidence in the ability
of the republican party to protect the in
dustrial life Of the people, and to guard
we'll against any tendency to extremes
that would prove inimical to the busi-
ness interests of the nation, that Embossed
the pursestrings of the money owners
and set free the boarded treasures of the
country. Notwithstanding it's able argu-
ment in favor of the principle of the
cycle, the Standard unfortunately crosses
| it's own path at the conclusion of its
article. 1t says:
Cycles of depression can be intensified
by bad legislation. and cycles of improve
ment can be helped along. either by good
legislation or by adventurous circum-
stances.
If this be true-if the bad edge of the
cycle can lave it's effects lessened by
good legislation-it necessarily follows
that still better legislation would lessen
its bad effects to a larger degree, and
even still better legislation would have
a much better effect, and so on, until
perfect legislation would entirely wipe
out that part of the cycle. BY the same
reasoning, bad legislation would increase
the natural evils brought about by that
part of the cycle, and worse legislation
would make conditions still more intol-
cradle, while the climax in legislative
defects would make the situation abso-
lutely unbearable.
Unless, then, the Standard is willing to
~, that certain we'll defined principles of
government, represented by the respect
i've political parties, revolve with the
cycle, producing either good or bad con-
ditions when applied to national affairs
the democratic administration and the
good times during the republican admin.
istration on the theory that the one party
is capable of better legislation than the
other.
The thanks of Montana are due thu
good people of Portland for the courte.
sizes extended orr yol,IntaarS urhap tbox