The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-13

A we'll Informed man ON ,hs naval com.
nittee told mo n day or two ago that by
actual computation there were 1000 mil
lionaircs IN America, whose aggregate
wealth averages GO, 900, 900 apiece. That
Is s24, 000, 600, 900 owned by 1000 people.
He said IL was going to cause troublo. l
think his head Is level. 1t Is going TO
cause trouble, and n deal OF trouble, bo-
cause they have stolen it, most of them.
1t was obtained by Ubiquitous laws In favor
of classes aud corporations and against the
masses, md there has got to DO "a reckon
ing some day.
1t Is not saying too much and i feel
warranted In charging that the derange-
ment in our finances and all this cry
about sound money and maintaining tho
credit and honor OF the United States are
all part and parcel of q damnablo scheme
of robbery, which had for ~itsObiect, first,
tho utter destruction Of silver as a money
metal; second, tho increase Of tho public
debt by the issue OF bonds payable in gold,
and, third. tho surrender 10 corporations
of tho power to issue all paper money and
give thom q monopoly of that function.
Facts About Silver.
After the enactment of the Sherman
law, In 1890, IL was supposed that tho
price OF silver would rise "~''
tween the two metals. as bullion, would
be approximately restored to tho legal ria
ito. That law has been defined by the
senator from Ohio as a "makeshift TO keep
down FREQ coinage" The Democratic
platform denounced 1t as "A "makeshift"
for FREQ coinage, and tho silver Republic
ans-mind you, instead Of this senate be-
ing divided up and down that way, 1t Is
getting divided across this way. Thank
God, for we Of the south on this side have
been down below, under the heels of OPP
preston, and wo are glad to find that west
Of the Mississippi the CALLED jade winccs,"
and that tho collar Of servitudo which
has been fastened around our nocks and
has been there for 80 years Is beginning TO
make your shoulders raw-Nne silver Re-
publicans, who had been bamboozled into
accepting II as n compromise, hoping that
IL would provide for the absorption OF the
entire American silver product, found
themselves overreachod and deceived. IL
cannot BIO denied that the object of the
law was to increase tho price OF silver and
restore Its parity, and this must be borne
In mind when we come to discuss Its pro-
visions. While the struggle was going on
III 0OhkltHS W tlO v III Itlci
YER forces, and IL was thought probable
that tho free coinage bill would pass, sill
yer steadily rose In tho markets OF the
world, and 1t did not begin to decline un-
til a month after tho passage of tho bill,
Of tho ratio OF 10 TO /.
desire to call especial attention to this
fact as an answer 10 the assertion, SO
f...t., ~x.I. 49, - ,.,.,x I- 1,A1I
bug papors and orators, that legislation
docs not affect the price of silver, and that
we would sink To a silver basis alongside
of Mexico, China and Japan and have only
90 cent dollars IL silver were restored 10
Its place alongside of gold. That Is a
stock argument. Wo have heard 1t this
week right hero In this chamber. 1t will
como In here next week. IL will como In
hero Whenever anybody gets up to speak
Oh tho other side.
But when IL was seon that this country
was still controlled by monomotallists the
prico OF silver began to drop and went
down, down, down, below oven h price
which ruled before tho enactment of the
Sherman law. There was still disorimi
nation against tho white metal. 1t did
not have free coinage rs gold, but IL was u
commodity, not u money. II was discrimi
mated against by Legislative enactment,
and honco tho fall. The silver Republicans
of tho wcst, who Ind deserted the silver
Democrats of tho south and accepted the
compromise offered by Senator Sherman,
may tako warning as to what faith or
trust they con PIT In any uttoranccs or nc
tions OF tho senator from Ohio rs to logis
lation In regard TO our finances. II they
arc honest In their assertions that they feel
tho welfare OF their states and tho welfare
of tho masses of tho people depend upon
tho restoration Of silver to equality with
gold, thoy should DO prepared TO cross tho
Rublcon and fight this battle TO n finish
undor whatever banner shall promise vic.
tory and relief. Partisan political aflllia-
tions and sectional feeling no doubt largo
~ influenced their action In 1890. The
timo for another presidential election up
proachcs. 1hoy must understand that the
election OF any nan ia the presidency who
would veto o free coinage bill means do
feat. 1t means moro. 1t means continued
disaster 20 our industries and Increased
poverty to the masses Of our people.
Conspiracy Tor Gold.
II tho secret history OF tho year 1892
shall over DO written, 10 will disclose tho
fact, which cannot he proved now, but Of
which / have not the slightest doubt, that
the gold ring OF New York, which ON
braces nearly all the bankers I'm tho eastern
and middle states and tho stock gamblers
of Wall street, controlled tho presidential
nominations uf both the Democratic and
Republican uartles and had an under.
standing with tho managers, or with both
Tho candidates themselves, In regard TO
what policy should be pursued toward u
finances. They contributed money for tho
booming Of Mr. Cleveland as the Only avail
ablo Democratic candidate, and thcy abus.
cd and ridicuicd every other Democratic
aspirnnt.
There was plain evidence TO show that
tho president himself had weakened on the
question ofieriG reform, and tho financial
plank was cVnaingly drafted so as TO sat
isfy both gold and silver men, with the
Intention That u should be interpreted, 81
Cleveland was elected, ns meaning tho COS
sation 81 silver coinage and the forcing OF
n gold standard upon the people. Inter
preted according 10 the plain uso nnC
meaning Of English words. the platform
means bimctallism, but thcro arc condi
tons and ambiguous phrnses which hav.