The morning times., 1896-07-07
s Not Up to the Tricks of the Trade.

istsare finding considerable difficulty in fixing sale
convert sixteen of silver into
OF gold when the of the world only the
by of double that quantity of the
white metal But in the eyes of the silvertes the
venon crucble is big thing, and if they fool the
public sufficiently long carry the election and
the passage of freecoinage act the silver kings will be
entirely satisfied for is the sale of bullion silver that
they after Meantime the gold bugs not losing
much sleep the Chicago experiment. They deal in
urd money whether not the country adopts de-
precate currency and their activity causing future
mortgages to be drawn to be paid, interest and
principal gold evidence that they do not propose to
suffer from national reputation of half public and
private debts through a debased monetary system
The folly of attempting to fight the battle between
capital and labor with money must apparent to the
average mind when the situation carefully considered
yet that is the kind of contest the silvertes
tempting to bring the public In their zeal for the
success of tie white metal they appealing to the
masses to join in general movement to overthrow the
gold interests. claiming that such victory would relieve
the public from its many oppressive burdens. 1t would
equally sensible to attempt to the hosts of
Jove with flashes of lightning, resuscitae drowning
by delugng him with water, think of conquer
the money kings with their most powerful weapon
They will rule the financial world what kind of
money i'll Even should the sverites elect Pres
dent the moneyed interests would control the Senate and
delay the passage of coinage bill until they had prac
tcay swallowed up the country, and when the bill be-
law it would be found that such of their mortgages
and holdings that not foreclosed would bear the
godpayment clause for both principal and interest to
against loss from the silver experiment It is
neither sound politics good to engage in
troversy in which capital alone will be benefited. part
of the operations of Wall would undoubtedly be
transferred Denver the of free coinage and
there would also be appreciation of mining stocks but
our business interests would not be advanced would
the public receive any compensatlng returns On the
contrary, the masses would be greatly distressed.
In discussing free-silver coinage there serious
objections to be considered 1t would be absolutely inn
possible to passage of the bill within year
after the election because of the opposition be
tered in the Senate. During that time gold would be at
premium prices would be constantly Auctuatng money
would be difficult to obtain owing to the contraction of
and the refusal of capitalists to make loans
credits Creditors would push collections and
business failures working people would be thrown
out of employment by the closing of mills and factories
and of financial distress and suffering among the
masses must inevitably ensue Past experiences while
the last tariff bill being enacted still in evidence
to the hard times created by the uncertainties of Con-
gressonal legislation and may be safely asserted that
the adversely then encountered would be a cloud
shadow compared to the of trouble that Senatorial
financial talking match would bring the country should
silver prevail at the November polls.
The delay in erecting mints to supply sufficient money
to make up for the contraction of currency would
also present physical objections to the of
coinage but they would amount to nothing the
could be benefited by the enforcement of that policy
The very of the controversy indicates that the
moneyed will dominate whether gold silver
prevails and there is also way for the masses to
pocket dollar of either metal except first be earned
by labor is received in exchange for commodity.
The battle in the interest of the people be won
with other weapon than money. Hands that toll
are sufficiently skilled to successfully compete with
those trained the counting of dollars, have the
people yet been educated to the tricks of the
financial trade.
A SHOCKING