Press enter after choosing selection

Accepts Silver Sing

Accepts Silver Sing image
Parent Issue
Day
28
Month
October
Year
1896
Copyright
Public Domain
OCR Text

Mr. Bryan understands the efüectiveness of a rhetorieal onslaught upon trusts, combines and corners. They are the outgrowth of scheming greed, prejudicial to legitímate enterprise, cruelly burdensome to the people and repugnant to the American spirit. When he declaims against unscrupulous tions, formed to forcé up prioes and plunder the conBumers, he shows that even in his prodiga] wanderings from 'the Democratie hearthstone he adberes to some uf the teaching of the old party. But while the candidate may be Democratie in pronouming against trusts he is notoriously inconsistent. More than that, he is either hypocritical or hopelessly blinded by his zeal for f ree sil ver to tlie glaring absurdity of his championship of cheap money. Talk about gold ' conspiracies, bank syndicates and coal trusts! The Chicago nominee is using all his brilliant sifts of plausible speech for the aggrandizement of the most powprful and insatiable trust in the United States. He is asking that Congress shall pass a curreney law that will provide a market for the entire output of the silver mines of the United States, now aggregating 60.000,000 ounces per year, and he frankly announces that one purpose of sueh law is to lift silver froin 66 cents an ounce to $1.29 an ounce, thus putting into the capacious pockets of the silver trust an increased profit of nearly 100 per cent, on their product, providing Mr. Bryan's prediction of a rige in the price of silver is realized. Through extreme protective policy which dcstroyed foreign competition and enablod domestic manufacturers to combine and control the market, legislation has worked indirectly to the adyantage of trusts, but here is a proposition to directly increase and maintain the price of a certain product by leislative enaetment. Twice the benetlciary of a perversión of governmental functions in the form of purchase acts, the silver trust has for the past three years been stealthily laying plans to nomínate a presideutial candidate. securing the support of senators, sendlng out speakers and scattering literature to vviu the approaching election, and thereby gain the privilege of taking 50 cents' worth of bullion to the mint and have it stamped as one dollar without expense. No law ever passed has given a set of enormously weiilthy men the chance to control the money market that such legislation would give to the silver trust. Yet Mr. Bry'an is heard daily inveighing against merciless money changers, syndicates and capitalistic combinations. The New York World has been doing sorae investigating in th West. and it liiuls that the Ontario mine, in Utah, bas paid over $13,000,000 in dividends, the Hom Silver $5,080,000, the Daly $2,887.500, the Bullion Beek $2,105,000, and the Centennlal-Burekg $1.800,000, nul these are small eouipared with the Comstock and other of the great minea in Colorado and Montana. ïet, accordiug to Mr. Bryan's doctrines and belief, the profits of 'these mines, controlled by tli( silver trust, are to be doubled by fiiH' silver; and Michigan farmers will please note that the law is not to carry with it any wheat purchasing clause that will make the cereal leap up 100 per

Article

Subjects
Old News
Ann Arbor Courier