People's Pilot, Volume 4, Number 51, Rensselaer, Jasper County, 13 June 1895 — NOT CAUSED BY OVER CONFIDENCE. [ARTICLE]

NOT CAUSED BY OVER CONFIDENCE.

Judge C. C. Cole of lowa, made the following remarks at the silver convention held last week in Des Moines: “We are in the midst of a business depression unsurpassed in the history of the country. It is not spasmodic and ephemeral. That depression has been brought about by no overtrading, by no overconfidence and by no trusting in wild cat money. It is manifest to every one that it is the result oi legislation respecting our financial matters. “The history of commerce and the prices current for twenty years will affirm that this depression has come to us gradually. and that even now it is going on. When partisan papers undertake to sing the praises of the coming good times they forget that the cause which has brought that depression upon us still remains. And those who have brought it give additional turns to the screws of depression by still further dwarfing the currency of our nation. The cause of it all is the demonetization of silver and the destruction of the greenback.”