Daily Texarkana Democrat., 1893-09-30
DESPERATE RESORTS
To Which the Gold Bugs are Driven
in Their Efforts to Destroy Silver.

To Which the Gold Bugs are Driven
in Their Efforts to Destroy Silver.
1t was thought that the enemies OF
silver coinage had about exhausted
their schemes for the immediate de-
struction of the white metal, and with
an assured majority in both branches
of Congress, backed by the entire adj
ministration, were content to await
the desired end, coming as it naturally
would, in the regular course of legis-
latlve events, in the near future. But
this is evidently not the case. Recent
developments show that the enemies
of the white metal are determined up
on an instant settlement of the coin
age question. There can be but one
motive for this action and that is fear
fear Of a change of sentiment i'll the
Senate, or worse still, fear of cool de-
liberation on the part of the Ameri-
can people. AS an evidence of the
straights to which they have been
driven to secure plausible grounds
upon which to found their appeal for
haste, we submit the following ac-
count of an alleged ''new" alliance be-
tween free SILVER men and Republican
| protectionists, just sent out from
Washington:
"WAsHINGToN, Sept. %. - The
speech of Senator Cameron in favor
of the free coinage of silver continues
to attract attention here. At meet
ing of the Republican league at Read
ing yesterday an attempt to censure
Senator Cameron for his course was
deieotA1 ~ tTo-third's majority. The
explanation of this, and indeed of the
attitude the Senator has taken, is fur
nished by an intelligent movement on
foot among the protected manufactur-
ers of Pennsylvania to effect combi-
nation between the protected inter-
csts and the free silver men, which
shall have for its aim the defeat of
Legislation looking to tariff reduction
and the qualification of the Vests de-
sire for free coinage under modified
conditions.
"Some of the members of the Manu-
facturers' club Of Philadelphia, led by
James Dobson, big woolen manufac-
tnrer, and Wharton Barker, q banker,
are engaged in circulating petition
to the Senate looking to the consolida-
tion of the interests of the protection
lists and the free silverites. Many sig
natures are being procured. The
scheme is to defeat the new tariff bill,
and gives, first, free coinage of silver
opon the payment by the owners of
seiniorage absorbing three-fourths of
the difference between the market
Uondon) price of bullion and its coin
ed value; second, the prohibition of
foreign silver for coinage except on
seigniorage that will absorb all differ
cnce between the market value and
the mint value; and, third, an interna-
tional monetary conference including
all the nations of the world except the
gold monometalist countries for the
purpose of arriving at an information
al agreement.
"The claim is set up that the inter-
ests of silver and protection are iden-
tical. The plan mapped out by the
Pennsylvania manufacturers follows
closely the idea of Senator Cameron's
speech, except that the former pro-
vides against the influx of foreign sill
yer to the mints by absorbing all the
difference between the market and
coined value of silver, while the latter
places upon foreign silver an inhibi-
tory duty. The scheme is to align
the interests of silver and protection
and by this means prevent adverse
tariff legislation and secure more lib
eral silver legislation. 1t is an alli-
ance, the suggestion of which is
fraught with great possibilities if it
is practicable, but its successful oper-
alton would mean the breaking down
of party lines perhaps and the entire
readjustment of party politics. The
proposition, while it seems chimer-
cial, would doubtless attract great
deal Of attention throughout the
country"