The morning times., 1896-06-28
Gold Bugs VS.. Silver Kings.

A subscriber wants to know 'where The Times is
att on the financial question; whether it is creature OF
the sound money bosses trains with the silver siren
hosts M advocates the godbug policy is by
the silver kings and reply let be understood that The
Times belongs to party faction, sect element OF
our social system 1t claims to be fearless exponent
of public rights and treless advocate of public good
and s therefore independent in politics and other
public question. Immediately after the ST. Louis con-
vention The Times predicted that the silver would
sweep the country and that Mckinley would be defeated
provided there coalition between the Democratic
and Populist parties There is every believe
this prediction will be verified unless there is radical
change of public sentiment. united West and South
will elect very nearly one-half the electoral VOTE and
with the assistance of three of the Middle States will
send silverite President to the White House. The
Times opposed such election result The poorer
classes of this country have already endured too much
privaton and suffering from loss of employment and it
would be like booming them to 1nsuHerable penury to
knowingly compel them to undergo the mseres of dsas-
trous financial panic, such would result from attempt
to force free silver the country For that and in
the interests of humanity The Times opposes the theory
of free and independent silver monometalsm for the
United States.
There is much truth in the assertion that Wall
street controls finances but that domination is caused
by the hard times, and not from any fault of
tary system During periods of prosperity there is
bugs accused of employing the machinery of
for their selfish gain But granting that Wall street
enrCing Itself through misforunes would 1t not
be better to overlook sac temporary punderng rather
than permanently turn the country to the silver
kings? For the sake of the argument let pass
the three four years of financial that would prac
ticaiy destroy manufacturing and commercial enter
prse in the event of free silver and that policy
force The United States would produce under silver
te regime about 12O 900 600 of silver each year
Its annual product little oyer CO. O0O 900
manufacture and sciences and 10 O0O 900 would be
exported, leaving 1O1 900 to be coined and
put into the Golfers of the silver kings The bullion value
of that of silver 5 $50 000 and its coin value
$3.50 800 O00 The difference between the coin and bull
lion value of 101 600 900 of silver 77770 000
which would represent the annual profit of the silver
kings in the Of free coinage In ten years they
would force 302 900 900 of silver the country and
realize in clear gain and above its bullion value S
no. 900 by doing Wall street and all the gold bugs
of Europe would dwindle into insignifcance money
makers compared to the silver kings of the mining
States and of the the god bugs much the lesser
evil.
Should silver rise in price that the amount
ported and used manufactures arts and sciences would
bring 81 30 per its coin value is confidently pre-
dcted profits of the silver kings would be increased
accordingly and if there is any wise enough to
plain how the masses would be benefited by this
accumulation of wealth through act authorizing
the free and independent coming of silver he far
seeing than most of his fellows