Money In Their Pockets

Washington, August 12.- A table has been prepared here which shows who are behind the free coinage of silver movement and the corporate wealth ,hat is represented by each of the individuáis and estates. The list is not nearly complete, but it gives the total wealth of 22 of the leading silver mineowners of the west, or the wealth ,hey represent as agents. These 22 íave been actively engaged in prosecuting the free silver work, and aiding ;he propaganda. They have been influential in securing a declaration in favor of the free coinage of silver in the platform at Chicago, besides dictating the exact form of the financial plank in the platform of the Populists and Silverites. As far as prepared the follovving is a list of these multi-millionaires, whose wealth as individuals or agents is tied up in silver mines: Hearst estáte. California :7ö,00(),000 [■'airestate. California 60,000,000 John W. Mackay 40 ,000 .OW J. B. Haggtn 4u.0O0.O0O' V. A. Clark 41,000,000 William A. Stewart. Nevada 40,00.) ,000 Franoi.s !. Newlands iSharon estáte) 35,00). ooo David Moftat, Denver 30,000,000 SenatorJno.P.JoneslComstocklode) 25,000,000 Flood estáte 25,000,000 Denvgr Süver Smelting Works Co.. 25,000,000 R. C. ChambL-rs (Ontario Silver mine) 20.000,000 Charles E. Lañe. California S0.oo:).000 L E. Holden (Old Telegraph mine. 15.000.000 Marcus Daly. Anaconda. Mont 15.OJO.000 Butte Silver Smeltins Works Co .... 1 1,500,000 S.T HauserlGranite Mt.silver minei 10,000,000 French syndieate (old TulegrapU nune. Utah) 10,000.000 Leadville Silver Smelting Works Co 8.500.00O Broadwater estáte. Helena, Mont... 5.0)0,000 Senator Henry M. Teller, Colorado. . 2,000.000 Senator Lee Mantle, Montana 2.000,000 Total -547,000,000 The men interested in the wealth isted above have been most active in ,he free silver cause. They have sevral million reasons for being intersted in the success of Mr. Bryan, and xpect by the latter's success to acquire more millions of these reasons at the xpense to the rest of the American jeople. Senator Stewart, who has his morfcD-ages made payable in gold, and who s interested as agent and otherwise in a, vast amount of silver minina1 property, is the inventor of the expression. 'The crime of '73," although as late as 874 in a speech in the senate he said: 'I want the standard gold, and no aper money not redeemable in gold. ïold is the universal standard of the world. Everybody knows what a dollar n gold is worth. " Senator Stewart is now publishing a paper called the Silver Knight, in which he pretends to take interest in he working people of the country, and to plead the cause of the laboring men, all of whom he says will be benefited )y the free coinage of silver. How riendly he is to the laboring men can be jiulged when it is known that the aboring men charge, him with coniucting a "rat office" and underpaying lis printers. Labor troubles on his aper led to the open charge that Mr. Stewart did not pay living wages to lis printers. Senator Teller, who was pushed by lis silver friends for nomination at the ïands of the Demoerats, after he had ieserted the Republiean party, has re2ently acqulred largo interests. Francis J. Newlands, a member of jongress from Nevada, and agent of ;he Sharon estáte, was chairman of the Silver party convention. Two of the greatest organs published n the interest of the free coinage of silver and in advocacy of the Demojratic ticket are the San Francisco Examiner and the Jïew York Journal. Xhey are both run by young Mr. Hearst, who represents the great silver interest of the Hearst estáte. R. C. Chambers, one of the delegates to the Chicago convention, is part owner in the Ontario silver mine, in which the Hearst estáte is also interssted. He is the general manager of this mine, and owner of the Salt Lake Herald, one of the backers of the Bimetallic League, which isnow nooding the country with free coinage literature. Gen. A. J. Warner, president of this Bimetallie League, is said to have reseived a salary for some years of suflïMent proportions to justify him in deyoting his whole time to the free coinige propaganda. W. A. Clark, the silver king of Montana, was one of "Dick" Bland's back3rs. When the latter's chances went Gflimmering he gave his support to Bryan. S. ï. Hauser, another mcmber of the silver syndicate, was particularly active during the Chicag-oconvention. He s a former Missourian and a bosoin friend of Senator Vest. Then there is L. E. Holden, of Cleveland. O. , who made an enormous fortune uut of the Old Telegraph mine in Utah. He sold his interest to a French syndicate for $5,000,000, but is still interested in some Utah silver Tnines. The above is a brief description of some of the above political workers for the Democratie ticket, to whom the free coinage of silver ineans so mueh. The election of Bryan and a free silver Democratie congress would mean millions to these people. the product of the mines in vhieh they are interested at 54,000,000 ounces a year, althoujrh it is believed it will reach 100,000,000. and the govjrnment paying them S1.29 an ounce, ind granting that it would cost them 33 cents an ounce to mine it, the people of the United States would pay into the pockets of the silver mine ówners 511,000,000 per annmn, and make gigantic moaopolists of these very men who are iiow raising such a hypocritical cry igainst monopolies in their platform. This is considered a very conservative estímate of what profits would foe to these silver barons in case free coinage were accomplished. It is believed that it would be nearer 875,000,000 per annum than the figures given above. IIow it Strikes the Wage Earnw. Speaking of the probability that the free eoinage of silver would enhance the pricesof commodities Gov. Wolcott, of Massachusetts, in a recent speech, added the f ollowing comment pertinent to the wage earner: "Does anyone suppose that the daily wage of the daily laborer will be doubled to meet that increase in the price that he is to pay for everything íhat comes into his household? Let the pensioners of the nation pause and think of this platform. IIow many are there, 750,000 I believe, that receive a fixed pension from the United States. Do they suppose that that will be immediately doubled to meet the doubling of values in all the commodities that they "buy for their households? (Applause.) How about the hundreds of thousands of men, the thrifty and prudent who have laid aside something in the savings bank.s on the gold basis? Do they suppose that, when they go to draw something from their deposits, and ask for $100, the generous gentleman and liberal manager will hand them out $200? No, gentlemen, the 100 that they deposited on a gold basis will be handed out to them on the silver basis, and then with that S100 they will go out to purchase commodities that have doubled in price. Think of all the others who have bought a little homestead on a gold basis. Do they imagine that by the fiat of congress that is to be doubled in value? 1 say, Ie every man in this community, and tha will cover all but a small f raction, Ie every one in this eommunity who has been able by thrift, by prudent fore siffht, looking out for the future sup port for themselves in their oíd age or their families, let them ask whethe this doubling of the prices of commod ities is going to benefit themselves That is the sort of argument, it seem to me, which must appeal to all t check this great dely.sioB," The manner in which foreign manufacturera and foreign labor get the benefit of Democratie tarifE tinkering is shown by the following table of the imjorts of woolens for the seven months uiding in January, 1895 and 1896. 1895. 1896. Clothing $567.086 S i8,252 Cloths 6,925,922 15.263,781 Dressgoods 7,062,360 14.700,424 vnitgOOds 540.384 1,939,271 Shawls 75,235 306,304 Yarns 312,63.5 807,079 Miscellaneous 611.356 1,750,315 This shows that in seven months ending last January the imports of clothing nearly doubled; those of cloths increased two and a half times; hose of dress goods doubled; those of cnit goods increased almost four times; hose of shawls increased nearly live ;imes; those of yarns two and a half ;imes, and those of miscellaneous woolens nearly three times. Stated generally, the imports of all woolen fabrics increased from 817,000,000 to 834,000,000, or more than 100 per cent. Why not make these goods here and employ American capital and labor? Hon. Stephen B. Elkins, of West Virginia, in a recent talk with the Chicago ínter Ocean was very frank about the tariff and the silver mine owners. Hear what he said: "The Republican candidate for the presidency was the natural outeome of the operations of the Democratie tariff for revenue only. The masses of the Republiean party, ;he business men and laboring men, nominated Major McKinley because he represented their idea of a champion of protection to American industries and workingmen. This great central idea that dominated that nominaiion must not be abandoned. The tariff is one of the great issues of this campaign nd cannot be dropped. The money .juestion just non' seems to lead in interest, and there is no disposition on the part of any of the Republicans to avoid this issue. The question is, Are we in favor of opening the mints of the United States to the free coinage of the silver bullion of the world at twice the value of that product? This question will soon solve itself if the sensible people of the country study it. If the working men. business men and farmers of this country can only realize that the free coinage of silver is in the interest of about 20,000 producers of silver, and can be no benefit to anybody else, they will settle the matter most emphatically next November. Being a silver producer myself I know what the free coinage of the white metal means. I know that under the recent silver purchasing act, the silver producers of this country were paid by the United States government about 8170,000,000 more than their product was worth in the open markets of the world. Free coinage will mean a repetition of this subsidy. The United States government will simply pay a bonus of about 100 per cent of the value of silver bullion to the mine owners of this country and other countries as vvell." The is a terse statement made by an investinent house of what the free coinage of sil ?er would mean n actual practice: "Free, unlimitedand independent coinage at 16 to 1, would mean dollars worth only 53 cents. The wage earner and the man on salary would be paid in these, thus cutting his income down nearly one-half, and every debtor eould pay his creditor with these depreciated dollars. If it ever became evident that the American people were so dishonest and so foolish as to adopt such a poücy there would he a rush to anticípate its effects. The 300 millons gold in the country would at onee be hoarded or exported, and this enormous contraction would pre■ipitate a panic with all its dread seq nel of prostrated business, idle indusliios umi unemployed labor. In the jrasli and snbsuquent readjustment to the depreciated currency the rich would get richer, the poor would be poorer than ever, and it would require s, generation of organized agitation to oring back wages to their present relative purchasing power."