Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1896-10-09
NOT TAKING ANY CHANCES
Its Members "Chip In" to Elect
Bryan and to Make a Profit
of o. Cents an Ounce
on Their Silver.

]
clear profit Of o. cents an ounce on even
ounce they take to the mints to be coine
under a free silver regime
The aims, objects and hopes Of the 81
vcr trust, to which Mr. Merrill al
pealed, were frankly set forth in a lettC
which he wrote for the Salt Lake Heral
of Sept 81. In this letter he reminds til
silver mine owners Of the great benefit
that will accrue" from the adoption of FIRE
coinage with its restoration of silver {
its place as full legal tender money at
ratio of 16 to l and the immediate retur
OF silver to its former price of 1929 al
ounce # Bryan Is defeated, he adds, IVY
must expect to see silver sold az n pEie
that will be given it simply by its deman,
I for use IN the arts which will certainly b
not more than 40 cents per ounce, i
view of these facts, he asks how the own
ers of silver producing properties can atforI
/ pot to contribute at least the additions
profits they receive for their own silYel
product for 0ne month 90 the BFganitl
campaign, He CLOSES with a direct appca
20 wealthy and well known silver min.
owners rs followsi
~ appeal to Messrs Mcintyre and Gun,
ningham of the Mammoth, Keith and
Kearns Of the Silver King, Chisholm and
others of the Centennial Eureka, Ryan
and Knox of the Ajax, Packard of the
Eureka Hill, DAILY Of the DAILY, West Beck
and associates of the Bullion Beck, EaEns.
worth and Sharp IF the Horn Silver, and
the owners Of the Sioux, Ontario and other
silver mines Of this state who can well
afford to assist in this cause TO figuFs up
tho average monthly silver product from
their mines and multiply the product of
one month in ounces by 81 cents which il
the additional prioo they will receive for
their product-all of which will be profit
and at once have that amount contrib
peg aHg PLACED IN the hands Of the treas
prer Of tho bimetalIic parties 70 assist NJ.
Bryan in che wonderful campaign he IS
making almost unaided. If we can secure
the additional profits of one months prod
pct Of the western silver producing mines,
it will insure success % The election on
Nov, q"
This frank, candid ana powerful appeal
to the selfish instincts Of the mine owners
produced a profound and imme-
diate effect They knew how unstable the
price of silver is, and they were eager to
10 anything which gave promise Of boom.
ing its value and Of returning to Chem, 40
coFding to Mr.. Merri!ls admission,
handsome profit Of 64 cents an ounce,
Tho mine owners organized that very
night and formed themselves into a strong
alliance for mutual profit. A call had
been issued that afternoon, and at night
n liberal FepFsentatiag pf tha leaains
business men Of Salt Lake City respond |
Il, - and several of the silver mine owners
% whom Mr.. Merrill appealed were pres
mt.
The mpoting i'eFeated what will be
lRpWn as the Bryan campaign financial .
which will DO a general COM
nlttee 10 have charge Of collecting funds
n Utah TO assist the silver campaign. -
The committee is composed of 33 mem
,ers, including these mine owners whom
,lr. Merrill directly Observation-Disclosures
(aly, Packard Beck, Knox, Mcintyre,
fearns faFpsWQFfh, Cunningham, Chis-
olm-and Morrill, himself Ghis e9mmit-
&c organized at once with r. O. Cham:
CPS, president Of the Salt Lake Herald
ompany, a pFqmipent free silver organ,
q Ghairman
"Aftor the meeting, says The Herald,
the subscription list WAS started among
he gentlemen present with results which
roved ommently satisfactory The work
Paising funds will be pushed with will
the en4 that Utah II financial assistance
, the silver cause will rebound to the sin
srity of her people in their desire for free
lyef. y
Thus was ses w foot the mqyement
mOng the silver mine owners of Utah 10 ,
clip themselves and to make profit of Ga ,
,nts an ounce on their silver by electing
ryan with tha aid Of u big campaign fund. I
But the Utah silver mine owners are not {
one in this highly patriotic scheme to /
ace in their pockets this handsome profit !
lO0per cent on each ounce of their COM /
odity All the silver mine owners will e
ant tn share in this glorious division, C
Id under free coinage they will be per- 7
city free to do so. d
just think for 2 mQmept what tbglF {
oft would hel No less eminent an an i
GRITTY than Il. 0. Leech, cx-director Of q
c mint, estimates it in this way: "Thc !,
nual product of the mines is IFS, 600, 900
noes, worth at the present market price, n
cents an ounce Sll3, 100, 600, for which q
r government is to pay, when silver is 4
lrth 81. 20 an ounce, 1926, 900, 900 in gold
Il snug little profit to the owners of sill 8
r mines of Sll2, $50, 900 on the present q,
nuai product only" But with silver at st
30 an ounce under free coinage this out o.
t will, of course, be enormously in OF
sased, and the profits of silver mine Sc
'ners will increase correspondingly. No il
,nder the silver mine owners responded Of
once to MIR Merrill's appeal, and less b
)nder that the passing around Of the Lat D,
the Suit Lake City meeting was accom- Ct
shed with "eminently satisfactory" Fo- ~
Its. 81