Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1896-10-15

the single gold No one can
deny this, for 1t Is a real fact, q matter
of history. Dividends were declared,
stocks and bonds were sought rs the
best class OF investments, and each
year excelled the last In the number Of
miles Of new railways constructed. In
a word. under bi-metallism the condi-
ton OF railway prosperity was a most
pleasing contrast to the condition OF
depression and ruin which has charac-
terlzsd the gold standard period. 1t Is
legitimate conclusion, then, that under
the restoration Of the free coinage Of
silver, railways will again be prosper.
ous. 1t is to the interest, therefore,
of every mar working on a railroad, to
labor and vote for the reconciliation
Of silver.
1t is a fact, a true fact and not a So
called one, like the Ages groundless
assertions, that the other day Pierpont
Morgan, the American representative
Of the Rothschilds, bought the Reading
railroad for SEC, SOC, 00O.3 The par
value Of this road was $3.50, 000, 900,
and it carried with it but $45, 900. 900
OF obligations, which the purchasers
assumed. So that for 500. SOC, 900, the
R~othschi,ds, through their American
agent, procured a railway system which
had cost $3.50, O00, 900. Here is a fact,
but the Railivay Age is as dumb about
1t as any oyster. II is a fact, however,
a1d will bear two very pertinent COM
me ats. One is that the single gold
standard brought this valuable railroad
system to the condition in which it
could be gobbled up for the mere pit.
lance of $65. 500, 900. The other is
that naturally the Rothschilds, the
Pierpont Morgans. the Vanderbilts and
that ilk, favor the continuance of q
monetary system which enables them
to make such magnificent invest
ments.
There is another fact, in this con
nectioD, which the Age utterly ignores.
because it entirely upsets the Ages
theory and annihilates its string of pre-
tended facts. 1t is that foreign gold is
pouring into this country, just now, as
it has not done for many a day past.
What is this gold forP Exactly such
enterprises as that which Pierpont Nor.
gan has just achieved for the Roths-
childs. Indeed, it Is claimed that Nor
gan has secured for the great European
bankers, a controlling interest in every
railway system east of the Mississippi,
except the Pennsylvania and the Van
derbilt systems, and that be is now
preparing to come west. If there were
one word of truth in the ages predic-
ton of universal railway wreckage, on
the restoration of free silver coinage,
does any one imagine for a moment
that this foreign gold would be pouring
into this country for Investment, on the
very eve Of an election in which the
prospects for the triumph of silver are
most excellent, to say the least OF itP
Would the Rothschilds be buying
-~-- ---1 49, 49,
cents OF the dollar, If roads and coun-
ny and all were going to the demni-
ion bow-wows, should Bryan be electedP
Even the Railway Age is not ass
to believe sach an absurdity.
But why do the railway magnates so
earnestly oppose silver, and why is il
supposed that free coinage Of silver
will help the roadsp The manage
nents of railways systems are not al
the best friends of the systems
hey manage. Many a management
been put in power for the express
md only purpose of wrecking the road,
ind thus enabling their masters to buy
t at a merely nominal price. Some Of
he opposition to silver, in the present
,ase, is undoubtedly OF that character
Many railway systems are so complete
- ~ H L~ - = Il
Y under the thumbs Of the great, bank
ng houses of Europe and America,
hat the arrangements dare not say
heir souls are their own. They op-
pose silver because the bankers do
But many others are now enlisted
Igainst silver, because In the present
'ampaign free coinage is coupled with
opposition to government by i%njunc-
and to the employment of the
United States army to suppress strikes.
n the contest between organized labor
nd organized capital, the latter has
he support of the gold-standard peo-
le. Hence, they support the gold
tandard in return. Il
Free coinage OF silver will help the :
ailroads, because 1t will bring back to
he country the era Of prosperity which I
single gold standard has so effect {
ally destroyed. A shrinking currency
as paralyzed every department of bust /,
ess, closing factories, decimating
.rds, reducing railway traffic, and In /,
the army Of the unemployed .
= the million. Free silver coinage