The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-26
A.tons uh.idIred Pres.


The New York Evening Post IS author
ity for a statement and story which will
prove mighty interesting reading for some
OF the silverite bosses. as well as FOR a lot
OF welI-meaning people the bosses have
been dipping. The silver bosses and their
organs have never hesitated 10 assert.
without the shadow OF foundation in the
vast majority OF instances. that the sound
money press is subsidized that it is the
paid agent OF Wall street and the British
gold standard money sharks. The organs
OF the silver ring profess to hold up their
hands in scandalized horror at the idea or
suggestion Of paying out money to infiu-
ence public opinion. only few weeks ago
some Of these organs went almost into
duck fit because a New York commercial
paper advanced the proposition that the
business men of New York might help
pay the expenses OF a campaign Of educa~
ton on the money question in the south.
The idea Of the cause Of honest financial
methods being advanced by the expendi-
ture OF money was. according to their as
sertions, an insult to the integrity of
the people The New York commercial
papers proposition. it will be borne in
mind was made openly and above board.
and was unquestionably based upon a
sincere desire to benefit the country.
on the other hand. we have. accordins
to the Post, which says 1t is backed by
court records, the proposition and the
effort Of certain free silverite bosses to
subsidize in the interest OF free silver
New York daily newspaper. They went
about their work in secret. and proposed
to raise a purse TO pay for the papers
support from among those ''pecuniarily
interested in the restoration of silver"
The letter (marked "cOnldentiaTO from
which this quotation is taken, is part of
the court record, and was signed by United
States Senators Fred T. Dubois, r. T,
Pettigrew. H. NJ. Teller. John p. Jones
Lee Mantle II. c. Hansbrough and G. L
Shoup. Continuing, the letter. which was
presumably circulated among the silve.
mine owners, and others 'pecuniarily in
terested in the restoration Of silver" went
on to say that the fund was to be loaned
to the newspaper, and that, in considera-
ton Of the loan advanced by those inter-
ested in the success Of the silver cause,
a written agreement has been made that
the paper shall be non-partisan anc de-
voted absolutely to the cause of silver"
A copy of contract to protect the SUBJ
scribers to the fund went along with the
letter to those "pecuniarily interested in
80 L
in the contract read as follows: THE con-
dition Of this subscription Is that the pre-
ferred stock shall not exceed $4,000 and
shall be the only Indebtedness of the paper,
and shall be considered as a loan to be
repaid to the subscribers with per cent.
interest, and that a controlling amount,
Of the common stock Of said paper shah
be deposited in trust as security for the
preferred stock until the money hereby
subscribed is refunded. and until after
the next presidential election: and to in
sure its consistent policy in support of
silver coinage"
The contamination of the scheme Of the
silver bosses and others "pecuniarily in
terested in the restoration OF silver" was
prevented by the action of certain part
owner of the paper. who, 1t seems, had
an option on the paper before the PROPOSE
ton was made to the other owners. The
matter is before Judge McAdam's court,
in New York. upon an application for a
receivership for the newspaper pending
the settlement OF certain differences be-
tween the owners.
After this exposure, the free silver or
gans will probably not have so much to
say about subsidized newspapers. The
purpose of the parties raising the fund
was. clearly. to purchase the papers sup
port, and to squeeze it so as to make it
| howl Just as they desired.