The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1896-10-27
FORTUNES FOR
SILVER MEN.
They Will Make Millions
if Free Coinage Is
Adopted. |
THEIR PLANS DISCLOSED
The Mine Owners of Utah
Will Make $2,304,O00; of
Colorado, Over $4,000
600, and of the Country
Over $112,o00,000.

The publication of the circular revealing
the plans of the Silver trust and showing
how the silver mine owners have been call
cd upon by Thomas G. Merrill, secretary
of the Bimetallic league Of the silver
states, to contribute the additional profit
they would receive for their own silver
product for one month"; to the Bryan CAM
paign has caused widespread alarm in the
Bryanite camp. They have been greatly
perturbed that the public should know that
while Mr.. Bryan is fercely contesting
trusts, he is himself the beneficiary and is
being supported by the most gigantic trust
ever organized.
Mr.. Merrill clearly showed in his famous
appeal that with the price Of silver ad-
vanced from 65 cents to 81. 20 an ornce I'M
der free coinage the owners Of silver bull
lion would make clear profit of "a cents
an ounce on all silver coined. Estimating
on the present annual production Of 49,
600, 900 ounces, Mr.. E. O. Leech, ex-di-
rector of the mint has demonstrated that
the profit to the silver mine owners will be
tho difference between the value of the
present product at 65 cents an ounce,
amounting to $l13, $50, 900, and its value
at the advanced price of $1.29 an ounce,
which amounts to e226, 900. This
profit, it will be seen, amounts to $112,-
$50, 900 on the present annual product only.
That is the stake for which the mine own
ers are playing, but they cannot win that
stake unless Mr.. Bryan wins and free
coinage is successful
Millions For Silver Owners.
Two states-Utah and Colorado-furnish
illustrations of the enormous benefits the
silver owners will reap under free coinage.
The figures for Utah are furnished by Mr..
Merrill himself in an interview in the New
York Herald. He says, 1.-THE silver mines
of Utah produce probably 800, 900 ounces
per month and the Ga cents profit they
would realize in case Mr. Bryan was elect
cd and silver sold at s1.29 would be $780,
OO0" For one year this would aggregate
g., 3O4, 000l And yet Utah is not one of the
greatest silver producing states. Moreover,
1t stands to reason that with the price Of
silver advanced GA cents an ounce the prod.
ucts of the mines would be greatly in
creased The mines would be worked night
and day under such stimulus, with the
result that the Utah mine owners profits
1t is small wonder, then, that the Utah
mine owners cheerfully and Immediately
answered Mr.. Merrill sappeal with hand.
some subscription.
Nor is the state of Colorado backward
in subscribing to the Bryan campaign
fund. The mine owners were quick to
perceivethe advantages to be realized from
Bryan's election and they also responded
to the appeal for funds Already, accord
ing to DIR. w. S. Bowen, who is recognized
as skillful political writer, $500, 900 has
been raised in Colorado, and of this
amount 5000 has been subscribed by
David H. Moffet, the wealthiest silver man
In the state
An Enormous Trust.
1t would be odd if the Colorado silver
men did not subscribe to scheme which
would put millions of dollars in their
pockets for under free coinage the profit
they will make Is eight times as large as
the Utah mine owners will receive. No
less an authority than Thomas NJ. Patter-
son, a member Of the campaign board com
mittee and owner of the official Populist
newspaper, is said to irresponsible for the
statement that the Colorado mine owners
would make an additional profit OF over
$4,000, 900 per year II the United States
mints are opened to tho free coinage of
silver.
Think of these tremendous profits
Profits of 90, 3O4, 900 for the silver ,mine
owners of UTAH Profits of SIC 600, 900 for
the silver mine owners of Colorado! And
S112, 900 for all the silver mine owners
of the various states! And all this In adj
dition to tho profits the silver men already
receive at the current price of silver.
These are profits beyond the dream Of
avarice, in comparison with which the
profits of other trusts and syndicates dwin-
die into insignifcance. In order to get these
profits, the silver men are using Mr..
Bryan. They arc backing him with their
money. They are supporting him with
words Of encouragement. And if they
elect him they will calmly pocket profits
amounting at the very least to sl12,s50,-
600!