The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1900-08-25
PROSPERITY EVERYWHERE.
How Republican Policies Have Caused
the Greatest Good to the
Greatest Number.
EXPENSIVENESS OF BRYANISM.
Reasons Why the Nation Gould Better Afford Gvethe Demo-
cratic Candidate Royal Pension than to
Suffer Him to Be President
Dividends to Labor, Wealth to Farmers, and
Rich Strike to Miners.

workmcn, general lowering Of the |
wages Of those still kept at work, and |
the loss OF profitable markets to the farm
ers who supply the workmen's dinner
pail"
Secondly, the Wilson law, though in
tended to be "a tariff for revenue only"
was drawn up on such grossly erroneous
fiscal estimates by Secretary Carlisle that
1t even failed to produce the revenue nee
essary to pay the current expenses Of the
Government.
Revenue Producing Protection.
The total deficiency caused by the four
years operation Of the Democratic tariff
law was $155, 1873. 1t was this lack
of revenue which forced President Glove
land into the burdening OF the country
with S262 $3.50, 600 Of new debt. The only
way by which the Government could fully
pay it's current expenses was by drawing
on its gold reserve. The only way by
which President Cleveland could enforce
his commendable resolve to protect the
gold reserve. and thus prevent his admin
istration from going out with the conn-
try hopelcssly busted through free sill
yer. was by the issuing of bonds.
The Dnglcy act was, as expected, a
success both as II revenue producing and
as protective measure. Within II few
months from its passage all predictions
were verified. and the receipts for No
vember and December. 1897. and Janu-
airy. February and March, 1898, exceeded
the monthly disbursements of the treas
ury.
The Circulation of Gold.
An interesting phenomenon noticeable
| in 1897 was the appearance of gold in
| even the channels of common circulation.
| Anybody who wanted gold coin, perhaps
| for the novelty of seeing what had te-
come rare sight. could 30 to bank
and exchange paper or silver for gold,
and find that the banker made the ex-
change not reluctantly but very gladly
Bryan had pointed to the apparent scar
city Of gold coin, and to the difficulty that
had been attendant on keeping up the
gold reserve, rs proof of his theory that
the volume OF gold was too small to form
| a sufficient basis for the money circula-
| ton of the country. hut after Bryan
| was given leisure 10 write up The First
! Battle" gold ceased to be scarce, for 1t
had come from hiding, and nobody es-
| pecially wanted it. Since doubt had been
] so completely removed, and our own peo-
| pie as well as the whole world had been
| given so thoroughly to know that all
kinds OF American money We're just as
good as gold every bit, then why should
gold be especially wanted when other
kinds of money were not only just as
good, but were more handy to carry!
| The Full Dinner Pail.
In the autumn of 1897 there was an
| enormous crop of wheat in the United
States. Other years. however, have seen
bumper crops, but mighty poor prices and
no prosperity. Kansas has seen corn
through heavy crops become SO cheap
that it was used for fuel.
] But in 1897 there was demand for
wheat, corn and other grains. The full
dinner pail" OF the American workman
was becoming new factor in the ratio OF
demand to supply Of farm products. The
mills were again being opened through
the passage of the Dingley bill. Capital
was becoming more aggressive in enter
prise and saw profits, not losses, in bust
ness expansion.
With the American workingman in
such position that his dinner pail had
to be filed first, the foreigner was put
into an excited, impatient worrisome
mood. America, despite its enormous
crop, contrary to preccdcnts, was not
selling literally. Consequently prices
went booming upward. The average price
per bushcl on the farm reached nearly 81
cents. In 1894 it had been 10 cents. in
1S95 less than 81 cents, and in 1896 it
: was 73 cents.
Foreign money and the money Of the
populated centers of the East began pour
ing into the great agricultural area of
the Middle West.
The farmers who had been barely able
to keep the wolf from the door and pre-
vent loss of mortgagcd homcsteads, now
felt themselves flushed with wealth. They
began To spend money for clothing, food,
farming tools. and to pay off their mort
cages. A great debtor class, to whom
: Bryan had vainly limited the saving that
could come to them by tho cheating Of
their creditors through 42-cent dollars,
fast became a creditor class. Accounts
were started at country banks. and farm
: ers who had been borrowers of money be-
! came lenders Of money.
or course this great prosperity of the
farmer began at once to increase the
prosperity OF the city laborer who had
: furnished the initial cue given him
: through the victory Of the Republican
party. There are upwards OF S,JOO,OW
farmers in the United States. as against
5000, 900 industrial workers.
, Farmers Make Work for Wage Farmer,
These S,5OO,OOO farmers made extraor
dinarily heavy buyers OF what the 5000,
600 industrial workers produced. As Q
, consequence great Industries, which hat
been stagnant under Democracy, became
| active and profitable. In competition fcl
labor they were forced generally to raise
, wages.
The enormous expansion in the value OF
exports from the United States, from