Pine Bluff daily graphic., 1895-10-13
TIE SILVER RING.
Desperate Game of the Cheap Money
 Schemers.

Schemers.
 4 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 squelehed by the cam paign of education instituted against 1t. Il was plain to anyone that there was directive force behind the move ment. It attempted to control state political conventions. and in states which have no campaigns on this year it obtained the calling of conventions, ostensib1y to consider the financial question: but in reality to make it ap- pear that there was a great spon- taneous uprising of the people in favor of the free silver fallacY.
 The story above referred to explains this. 4 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 1t is not obliged to do so, having a large surplus of it's own, but it, nevertheless, finds the deal 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 a desperate game, but for splendid stakes. If it can fool the people, through the false hoods and fallacies of men like the author of aCoin,. into electing men to congress who will enact a 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 sil
 
 certain set of orators turn up at every possible occasion. in any part of the union, which affords an opportunity to expose their fallacies.
 It is noted that these silver workers are not generally men of wealth. yet they travel in palace cars, put mp 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 artifce. Now it is asserted that the silver com bine is paying the bill. The campaign is inspired by the silver conspirators, and it is as business-lilze an enterprise as ever was 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 inde- 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, raOa rd lass of tho ifior of ofIar oo,,,- 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 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 has received 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 viz Ilance. They must realize the fact that vast conspiracy is on foot, backed by huge capital, to force this nation to silver basis. The country's prosper ity is threatened, and it behooves us to | keep steadily at work to counteract 1 the nspirators.-Toledo Blade
 SOUND MONEY SAYINGS.