Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1895-10-05
THE slLVR6 ZINC.
Desperate Game of the Cheap Money
Schemers.


Schcmers.
A story comes from Chicago which
explains the sudden impetus to the
free coinage at sixteen to one crusade,
which began this summer, but which
was thoroughly squelched by the cam
paign of education instituted against
it. 1t was plain to anyone that there
was directive force behind the move
ment. 1t attempted to control state
political conventions, and i'll states
which have no campaigns on this year
it obtained the calling of conventions,
ostensibly to consider the financial
question" but in reality to make it APP
pear that there was a great spon-
taneous uprising of the people in favor
of the free silver fallacv
The story above referred to explains
this combination of western mine
owners and their moneyed allies in
| Philadelphia and New York Is carry
ing between fifty million and sixty
million dollars of silver bullion. 1t
has about ten million dollars of it's
own in the pool, and is borrowing
the rest in New York, London, San
Francisco and other cities where
capital is available on silver collateral
| The pool can borrow on silver close up
to the public quotations, though it is
not obliged to do so, having large
surplus of its own, but it, nevertheless,
finds the deal a costly one. The inter-
est and storage charges are running
at the rate of nearly two million dol
lars. and they are getting larger, for
production has not stopped, and the
combination is making market for
the output of the mines by taking the
| bullion and storing it.
This combine is playing n desperate
! game, but for splendid stakes. If it
can fool the people, through the false
| hoods aud fallacies of men like the
author of Coin" into electing men to
congress who will enact free coinage
law at sixteen to one, it will make any
where from fifty million to seventy
five million dollars, depending on the
time, the amount of bullion it will
have on hand and other circumstances
and conditions now largely specula-
tive. All this explains the persistency
and energy displayed in the free sill
yer propaganda, and the fact that
certain set of orators turn up at every
possible occasion, in any part of the
union, which affords an opportunity to
expose their fallacies.
| 1t is noted that these silver workers
are not generally men of wealth. yet
| they travel in palace cars, put up at
| the best hotels, take long jumps, and
are here, there and everywhere, mar
shaling the forces, infusing enthusi-
asm into the masses, and keeping up
the interest by every known artifice.
| Now it is asserted that the silver COM
bine is paying the bill. The campaign
| is inspired by the silver conspirators,
J and it is as business-li<e an enterprise
as ever was a wheat, pork or stock
corner.
The mass of the silver bullion on
their hands has been acquired by the
combination under seventy cents per
ounce. If the campaign on foot can
be carried to successful issue the
holders hope to be able to unload at a
dollar and twenty cents and above. BY
keeping up the agitation they imagine
that within two years they will secure
such legislation as they need either
by international agreement or by indie
pendent action by this country, and it
will be observed that they have re-
Gently given the discussion the for
mer turn. Decidedly the men who are
posing as leaders of the movement have
been given the cue to soften their de-
mands for free coinage by this country,
regardless of the position of other COM
mercial nations.
OF course, principle has nothing to do
with the action of these men. They look
on silver rpropagandism as strictly busi-
ness enterprise, and hence are not anx-
ious to play strongly for point they
do not want to make. Their object is
to make market for their enormous
accumulation of white metal. They
do not feel sure that if this country
should go into free coinage they could
sell out at the profit they are working
for. They want legislation that will
advance the price of their silver bull
lion one hundred per cent. They have
fifty million to sixty million dollars
worth now in their control. In two
years more they will have one hundred
million dollars worth on hand That
means they will have to increase their
original investment by twenty million
dollars or more.
While it is a fact that the silver
movement mas received a severe back
set during the past three months, the
leaders do not despair. They propose
to keep up the agitation, and force, if
possible, some recognition in next
years national conventions. Fore
warned is forearmed, and the friends of
honest money must not relax their Wig
ilance. They must realize the fact
that a vast conspiracy is on foot, backed
by huge capital, to force this nation to
a silver basis The country's prosper
ity is threatened, and it behooves us to
keep steadily at work to counteract
the conspira rators.-Toledo Blade.
SOUND MONEY SAYINGS.
-. Senator Vest denies that he has