The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-06-12
THEY WILL RULE OR RUIN
Desperate at the Rising Tide OF
Silver Sentiment.
THREATS AGAINST THE SOUTH
Money Interests of New York Say They
viii Foreciose All Mortgages
and Cal! in All Loans in the
Silver States.
Silver States.

I'll > most EtlIdbte anu lIuStNoItlS COZ
respondent, writing to that paper con
corning the rapidly rising tide OF the
lowing remarkable and infamous plan
of the gold standard men, in their
desperation, to rule or ruin the coun-
try:
The real political problem of the
hour is the attitude the Democratic
leaders Of the four great States of New
York, Pennsylvania, New Jersey and
Delaware are going to assume after
the Chicago convention has declared
for free silver.
Senator German, of Maryland must
also be added to the coterie that will
include Pattison and Harrity and SEN
ators Hill, Gray and Smith.
y conversation with one of these
leaders tonight elected the important
information that gold standard Dem
ocratic ticket is not beyond the range
of possibility.
1t may be decided on before the 7th
of July that none Of these leaders
will enter the Chicago convention.
They are disinclined to be known as
boilers, but are irreyocably committed
to the gold standard and feel the ut
most Discrimination TO be bound by a
free silver platform. They regard the
rising tide of silver sentiment with
quite as much CONSERVATION as do the
Mckinley Republicans.
ONLY ONE COURSE OPEN.
At this moment no one of these men
l., = Id L 4
will do in the face of the inevitable
result at Chicago. Senator German.
with the great commercial metropolis
of Maryland behind him, can take only
one course. Senators Hill and Smith
are equally committed. New York has
not spoken in convention yet, but not
the slightest doubt exists as to what
her voice will be. A great revulsion
of Democratic feeling is expected be-
tween onw and the Sd of November.
when many Eastern Democrats expect
to see some of the noisiest agitators for
the white metal on the stool of reDen.
lance.
A New York Democrat said at the
Arlington Hotel to night:
THE Western and Southern men Of
our party are certainly out of their
minds. They never have felt the
weight of the commercial interests of
the East arrayed solidly against them.
The Greenbackers aud Populists, sill
verites and Changers never have with
stood a cavalry charge by the combined
money interests Of the country.
SOUTH AND WEST WILL SUFFER.
''They will teel it in November. The
South will suffer most, | fear. Its
loans will be called to the last dollar
It's cotton will be left to rot in the
congresses. because the railroads. thar
are owned and operated by Northern
capitalists, in a majority of cases at
loss, will refuse to carry it. In Il e
West, every mortgage that is held a.
gainst every farm in the silver States
will be foreclosed. All lines of credit
for dry goods and groceries in these in
dependent regions will be closed, be-
cause the Eastern bankers and 1ner-
chants regard the silver movement as
absolutely dangerous to the financial
future of the country"
Wouldn't this mean revolution 2"
was asked.
Perhaps; but this crusade against
the East already under way is revol-
utionary and quite as disastrous to the
people of the East as any civil war
could possibly be.
II wonder if they understand that
the prominent bankers of New York
have already in their possession care
fully prepared lists of delegates to st.
Louis and Chicago, indicating the fl
nancial opinion of each delegate and
oil 70 &c hn
if $50, 900, 600 is required to prevent the
insertion of a silver plank in the St.
Louis platform it will be forthcoming
/ wonder if the Southern men have
reckoned regarding the negro vote ?
They certainly have not in such States
as Virginia and the Carolinas, and in
the Black Belt of Alabama, where the
negro vote is as purchasable as any
commodity of the country
what you say about the threatened
use of money at St. Louis is very start
ling; are your statements based upon
any positive information?" was asked.
THEY MEAN BUSINESS.
Il have seen such list ip the posses
sion of a member of the New York
Clearing House. On it every weak
brother was specially indicated and
no secret was made of the determine
ton TO reach and influence potently
enough delegates to prevent any mis-
carriage of the plans of the gold stand
ard leaders. They mean business, be-
cause they feel that they might as well
lose their money in a lump as to suf-
fer the depreciation of railroad and
bank stocks that they sincerely believe
would inevitably follow the election of
a free coinage President.
''Now, as a Democrat, | understand
the situation and see the determination
of the Republican leaders in the East
to keep their party firmly affiliated
with the sound money interest of the
country.I talk plainly because | see my
own political party going to it's death,
and | candidly hesitate about commit
ting suicide with it. / have been a
Democrat from my earliest youth. /
have never scratched a ticket. |
couldn't be a Mugwump, and yet at
this hour / find the prospective Chi