The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1896-10-09
The Silver Trust.

The political combination Of the
silver NINE owners forms the rich
est, the most powerful and the most
rapacious trust in the United States
says the New York World.
Other combines are content to
control the market and fix their
own prices. The silver trust de-
mands that congress and the pres
ident shall by law raise and main
tain the price of their product.
The yield of their mines is about
6O,0OO,OOO ounces per year. 1t
can easily be increased. The pres
ent price is &c cents an ounce.
The Ontario mine in Utah has paid
over $13, 100000 in dividends, the
Horn Silver $5,03O,O00, the DAILY
$2,6S7, 800, the Bullion Beck $2,-
10000 and the Centennial Eure-
ka 81, 100000. These are small
compared with the Comstock and
other of the great mines in Colo
RADIO and Montana.
The government of the United
States-meaning its taxpayers
supplied a forced market for the
entire product of all these mines
not needed for export or for the
arts, from 1878 to 1S93-fifteen
years. Under the Bland act they
bought and coined 91,272,91S
ounces, at a cost of $30S,279, ,260,
an average of $l.05 per ounce.
Under the Sherman act they
bought and stored 16S,674,6S2
ounces at cost of $155,9 ,93l 900,
an average OF 50 cents. Ii the
government were obliged to sell
this silver at current prices instead
of coming it and holding up its
money value by gold reserve, it
would lose $115,000,000 on the
first transaction and $44 100000
on the other.
Not content with what the gov
ernment has already done for them,
the members of the silver trust
new ask that they be permitted to
take 66 cents worth of their bull
lion to the mint and have it stamp
ed free of expense as 81, on their
Individual account. This would
make it possible for the trust to
control the money supply as no
gold syndicate has ever been able
to control it, and, if they succeed
> ed in sustaining the price, to make
profit of nearly 100 per cent on
their product
: In furtherance of this consplr-
acy they have secured control OF
the senate, they have nominated
candidate for president by three
parties, they have subsidized or
bought newspapers, and are max
ing false, misleading and dema-
goglc appeals to the voters.
; The Washington correspondent
of the Chicago Tribune in a dis
) patch TO his paper August 6, gave
list OF the names of over score
OF leading silver mine-oWners III
the West, together with their total
wealth, who either in person OIL
through their agents have been
active III shaping the Is to l plank
in the democratic, populist and
silver conventions held in ST. Louis
and Chicago This is the list with
additions made to it:
Hearst estate, California ..........S S75 0oO, ,0oC
Fair estate, Californa............... 500G0, ,00t
John Maekey 10000, ,00f
j. B. Haggin, New York ......-.. 10000, ,00C
W. a. Clark........ ................. 10000, ,0Ot
f William NJ. Stewart, Nevada. 10000, ,0oC
Lloyd Tevis, California ............. $4,000, ,0OC
Francis j. Ncwlands (Sharon est) $4,000. 000
David Il. Moffat. Denver......... 10000, ,0cO
Senator John P. Joncs (Comstock
lode; $4,000, JOG
Flood estate, 250o0, ,00o
Denver Silver Smelling works.. 25,000,00O
r. G. Chambers Ontario silver
mine) ... ......,. ......... 10000, 0oo
Ebin Smirl. Colorado................2 %. .0o0. 600
J. j. Hagerman, Colorado......... 10000, 600
Joseph de Lamar. 20, 600, ,00O
Charles E. Lane. California .. 10000, 600
L. E.. Holden, Old Telegraph
mine Is, ,ooo. 600
Marcus DAILY. Anaconda, Mont. Is, 900 600