The midland journal. (Rising Sun, Md.) 1885-1947, 1895-06-21
ShYlock frightened.


The almost insane ranting of the shy
lock ring shows how apprehensive that
gorged wealthy class are of the edge of
the sword of justice. Their great-great
Oh uncertainties, boards of exchange
and the like conventions, are dismal fail
ures to create any enthusiasm among the
people. Their great newspapers make
sorry hand of putting them as great denl-
oustrations for "sound money" They
are now trying to persuade the public that
the 'silver craze" has reached its high
water mark and is receding, while in
another column perhaps of the same
issue, great plot has been discovered, of
the silver men, who have formed syn
dicate collected thirty to eighty millions
of silver and are transporting their speak
ers in palace cars from point to point,
holding conventions and rousiug the
people to enthusiasm in the interest of
silver. If this were true it is but the pot
calling the kettle black. The Sound
money" shark is doing his level best in
that line
The Illinois bankers lately held one Of
their conventions where that class are in
the habit of meeting to brace up their
trembling knees, and endeavor to make
each other believe their own sophistry.
The speeches fired off at that conven ton
are ludicrous specimens of assumption,
standardization and ignorance. The
ground and lofty tumbling arrogance, self
assurance of the speakers is something
ludicrous. The following paragraph will
serve as a specimen. The speaker is
deploring the doleful condition of the
''laboring man" should reconciliation of
silver be achieved. He says
''Silver would still more diminish in
value, as not alone all silver mines i'll the
United States as we'll as Mexico would be
worked day and night, increasing their
output to the utmost, but i'll addition
Europe would ship to us all of its surplus
silver Even the so-called debtor class
would not gain anything, as all American
securities now held i'll Europe would be
returned to us at once, sold here at any
price, and this country would witness
financial hurricane compared to which
our late panic would be called a gentle
breeze"
The contradictions and groundless, not
to say senseless assertion of this para
graph is fair sample of all the Sound
money" gold bug fap-doodle that fills
their daily subsidized press and their tons
of matter which they are scattering over
the country to persuade the people that
truth is a lie.
According to the above reasoning the
great demand for silver to coin would re-
duce its value, and at the same time start
up work day and night in all the mines
Here is clear contradiction. A fall i'll
the value of any mineral tends not to
work mines day and night but TO close
them.
And all the surplus silver in Europe
would be shipped to us. But there is no
surplus" silver in Europe, except what
little is purchased i'll America over and
above immediate demand for use, which
is very little. And all American securities
held in Europe would be returned and
sold at any price. That kind of a tran
saction doesn't look like it would hurt
any body but the European people who
sold good securities at less than their
value. From a business standpoint it
looks like that would be good thing for
American buyers. And how Americans
buying securities at say half price from
foreigners could create the hurricane
panic is difficult for any other than a
stark crazy banker to see.
Such rubbish as this makes up the
stock in trade of the gold ring literature.
These heralds of shylock seem to beat the
air and tear their hair while delivering
themselves of such nonsense. People
who don't read it cannot effect. People
who do read will readily detect the sense
less folly and groundless assumption.
The gold bugs have patent phrase
which they ring in on all occasions. This
Illinois banker convention puts it in as a
part of their resolutions: $50 that every
dollar, whether of gold, silver or paper
shall be at all times equal in purchasing
and debt paying power" This cant is
made use of by pretty much all of the
gold ring class in their speeches and
resolutions. Such clap-trap is the hope
of shylock, by the help of bribery aud
other use of their ill-got millions, to con-
tinue their wage slave oligarchy over the
ua0DIa