The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1900-07-27

*Ten months.
Our railroads and other carriers have
never been so busy nor had their car
rying capacity so taxed nor had better
earnings than within the last three years.
Our manufacturers have found ampler
and better markets and paid better wages
than ever before. The mechanics and
laboring men are no longer idle or work.
ing at reduced wages and reduced hours,
as under Clevelands administration. Ev-
cry person anxious to work has found
ample employment at fair wages, and in
many instances and callings at a higher
rate Of wages than ever before. There
have been times and places in some
classes Of employment within the last
two years when the demand for help was
greater than the supply, and this assur-
edly tokens good wages. And our farm
ers have found better markets for their
products, and at higher prices in the ag-
gregate than during the years 1893, '94,
'95 and 96.
1T is unfortunate that, owing to pro-
longed and severe drouth prevailing in
certain portions of our state, the farm
ers in these localities cannot this year,
as in former years, participate in that
prosperity which is the lot of their breth-
rem in other parts of the country, and
which would have been theirs, too, with
a bountiful harvest. But there is at least
one comfort for our unfortunate farmers
and that is this, that their lot is not as
bad as it would have been If such mis-
fortune had occurred during the hard
times of Cleveland's administration, when
money was scarcer and interest higher
than now. They are now in better condi-
ton to endure the calamity than they
were then.
I'm the financial world a complete revo-
| luton has been effected in our country.
Four years ago, owing to the fear of a
| Democratic administration, with free sill
| yer in it's wake, money was scarce, in
| terest high, and we were debtor nation.
| struggling for the surplus gold of Eu-
| rope to maintain our credit. To-day
| money Is abundant, interest lower than
| ever before, and we have become cred
| itor nation. investing some of our sur
| plus money in the securities of the old
world, and our exports have brought a
steady flow of gold to our shores, so that
our national treasury is supplied with an
abundance Of the precious metal for the
maintenance of the integrity Of our cur
rency.
| Recent Financial LegislatiOn,
by establishing in law-as 1t had long
+, been in fact-the gold standard has placed
| our currency on a Rock of Gibraltar, and
| placed our nation at the head Of the
front rank among the great commercial
nations of the world. Whatever else may
be said of our national banks. their bills
| have never failed us. as was often the
case with our paper money in ante-bellun
| days; and under the recent act. by per.
hitting the establishment of small banks
| in the smaller towns, a safe avenue fol
| increased paper circulation was provided
and in providing 1T We have demonstrated
that the credit of our country Is so good
that 1t can dispose of its per cent bond:
at para rate of interest which no Other
country can show in It's entire history
and these bonds are now at premium
of 3 per cent.
| "Our currency now so ample, so safe ant
so sound, the Democracy are still striving
to destroy by the heresy of free silver
as they sought to do in 1896. Nothing
more clearly established the utter per
verseness of the Democratic party and
its total unfitness for government than the
fact that in spite of present conditions
which I have briefly described, and ir