The San Francisco call., 1896-10-12
THE SILVER TRUST.
What Some of the Newspaper:
Have to Say Of the Great
Combine.

The production of silver in the United States
last year was So, 1877 600 ounces At lis pres
ent price that annual output is worth POO, o,|oo,-
SS2. Under free coinage the valne OF this out
put would be increased to $71, 1887 $50, max
ing an additional profit TO silver miners over
and above that they now realize OF POO, 11o,-
s4S, which they will not receive unless Mr..
Bryan is elected. Where is there another trust
or combine that could be so largely benented
by National legislation?-Washingt Times
The campaign of this year has become con-
test between the concentrated money power
of single great industry and the dlVerslneu
interests of the Nation. II the sugar trust or
the Standard Oil Company had gained controi
of great political party, named It's canoi-
dates and written its platform ana was con-
Quoting campaign with an eye single 10 en-
riching itself, regardless OF the suferlngs tnat
might be brought upon the coun try, the STU
alton would not be different from What IL Is
now when the silver trust has done this very
thing.-Buffalo Express.
AS the result of this (MerrilPs) circular q
Bryan campaign financial committee, TO nave
charge of the collection of these funds. has
been appointed. The names which have been
announced those OF silver barons WORM
from 81 ,000, 900 to $50,000,O00. And yet
their candidate goes up and down the country
appealing to the poor to take sides against the
rich, when few hundred very rich men ana
a few thousand men who are waiting TO specu-
late in silver stocks are the only ones OF TO-
600. 600 people who will be benefited by the
free coinage of silver. There never was such
conspiracy of mill1onaires against the best in
terests of the whole country.-Indianapol
Journal
w. r. Hearst, owner of the New York Jour
nal, the free-silver organ of the East, is one of
the heaviest contributors to the Bryan Cam
paign fund. He is Vice-pre5ident OF the On
| tario mine in Utah, a mine which, according
to Judge Colburn, one of Utah's delegates to
the opening ceremonies OF the New York Min
ing Exchange, February 16, has paid 1877 sue
eessive monthly dividends, aggregating $13,-.
10000. Mr.. Hearst, as owner of one-third of
the stock, has been drawing yearly income
from his mine OF about S274 376. Under the
| silver purchase acts the silver mine syndicate
has already compelled the Government to pay
about $146 100000 as a tribute TO the silver
trust that amount being the profit pocketed
by the owners OF the bullion purchased by the
Government. Ii elected can Mr.. Bryan ignore
this powerful trust which is stalking its future
existence upon the success OF the Popocrat
| ticket ?-Chicago Times Herald.
The letter published yesterday of Thomas G.
Merrill, secretary of the Bimetallic League OF
the Silver States, and confirmed and further
explained in our special dispatch from Salt
Lake City to-day, IS an extraordinary docu-
ment in many ways. 1t is especially so in its
candor Mr.. Merrill proposes without a bush
that the silver-mine owners shall contribute
one months profits and buy the Presidency of
the United States as a Speculation. With all
the calm assurance OF q promoter Offering
new trust stock he explains to the silver-m inc
owners that this will be an unusually good in
convert their bullion into iegal-tender coin at
81 % per ounce, thus giving them clear profit
of 81 cents an ounce in addition 10 the profits
they make now. That is to say, he shows them
that by contributing months profits each
they can probably buy the exclusive privilege
OF furnishing money to this country and COM
pelling the people TO give them 81 for every
81 cents worth OF silver they produce.-New
York World.
Those Who are asking the enactment of legis-
latlon intended TO give better market and
more dividends to the silver miners must have
a strong belief in the longs uffering patience
of the American people. To placate these
miners we have already passed two silver
laws, under the operation of which we have
paid the miners $464 900, 900 for silver bull
lion that at last accounts was worth only
$31S, 100000. That means, as may readily be
seen, an ultimate loss of 81 for every man,
woman and child in the United States, and it
has been incurred for the benefit of nobody
except the silver miners. Under the free coin
age now proposed such losses would incress-
ingly continue at the expense of the poor "a
well as the rich, ali of whom would be forced
TO contribute for the benefit of those producers
of bullion who have already made great deal
of money out of us.-Providence Journal.