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2 kravened bnt what the majority in both louses were in favor of restoring the ice coinage of silver. Congress never lad been able to enact such a law be lause the president, whether Repub ican or Democrat, has always been lominated by Wall Btreet and stood ready io interpose his veto, equal to a iwo-thirds vote in both houses of con trees. The effect of the gold bug con ipiracy which has denied free coinage <o silver since 1873 has been to increase ihe purchasing power of money, or. to »nt the etatement in another form, to tecrease tbe value of all commod ates. Abraham Lincoln said: "If a tsbt is created with a certain •mount of money in circulation, and ihen the government contracts the nonev volume before the debt is paid, t is tTie most heinous crime which the rovernment can commit against the aeople," "and that," said Governor iVaite, "is exactly what this government Has been doing since 1873. Congressional egislation and nothing else has reduced ihe price of silver bullion from $1:32 »er ounce in 1873 to 70 cents in 1893, tnd legislation for which the two old parties are equally responsible has re duced tbe price of wheat in the same lime from $1.41 per bushel to 53 cents. The same legislation has reduced the •rice of cotton from 19 3 cents to 7.8 ■ente in the same time. The ratio of Ihe value of Bilver as bullion, compared with the gold dollar, has been increased from 16 to 1 to 22% or 24 to 1. It has not ►nly diminished the value of silver bul lion, but also diminished in almost the lame proportion the value of wheat, sorn, pork, beef, cotton, and the wageß if labor. We hear much about over production, the law of supply and de mand, etc., but with a single standard rold men of Europe, who have the reins In their own hands, there is not the lame necesity to lie about it and no dis honest attempt to dodge tbe issue." Waite then quoted from a speech by Balfour at Manchester, in which be is luoted as saying: '•Tbegoid monetary Itandard in 15 or 16 years has gone up so less than 30 to 35 per cent, and as to Its further rise in value no man can set the limit." Not long ago, said Waite, Gladstone iraa told by Mr. Thompson in tbe Brit ish parliament that the gold standard Bras crushing ont the agricultural and commercial industries of England by tompelling business upon a falling mar ket, the debtor class being reduced to Industrial slavery, and the taxes of In dia, wbile nominally tbe same, forced Irom In lia a double amount of her pro ducts wiiich a few years ago paid the tax. Gladstone unblusingly declared that England, as a creditor nation, could atand any amount or appreciation in the value of credits, and added that governments were not concerned about philanthropy. Considering the condi tion of the masses in England and In dia, Waite said, this was the most brutal remark since Cain, with tbe blood of his murdered brother crying from tbe ground, insolently asked tbe almighty, "Am I my brother's keeper?" Waite denied that in the broad lince silver is a local question, and said he could prove from official statistics that tbe loss to the agricultural states from the scarcity of money was in a good part occasioned by the refusal of tree coinage; in each state in the Mississippi valley the loes is from ten to twenty times the loss sustained by Colorado. Ihe proposal by the false friends of Bilver and their allies in Wall Btreet to adopt the preaent price of the bullion Bilver, as compared with gold, as the money ratio, would simply crystallize all the wrongs c.nd injuries the money power has inflicted upon the people lot the past 20 years. Tnis as a compromise heats tno one the devil proposed to Jesus Christ on the mountain. Waite said that an international con ference for the purpoea of settling our money affairs by the dictation of the foreign money power, is the most con temptible and God-forsaken idea that ever entered the brain of an American citizen. "If we have become, nnder the rule of the two old parties, only a prov ince of the European monarchies, then we need another revolution; another appeal to arms and to tbe God of hosts." This evoked great applause. In closing the governor said: "Who is Grover Cleveland and who is Benja man Harrison, and who are their sup porters in Wall street and Chicago, that they dare assume to drive into poverty and exile half a million American free men? There is no use of crying peace when there is no peace. The most dan gerous tyranny is that enforced under the forms of law. Our weapons are ar gument and the ballot—a free ballot and a fair count. If the money power shall attempt to sustain its usurpation of our rights by a strong hand as in other lands, we will meet that issue, if it is forced upon us. For it is better, infinitely better, rather than that our liberties should be destroyed by the tyranny which iB op pressing humanity all over the world that we thou Id wade through seas of blood—yea, blood to the horses' bri dles." BLAND'S LIEUTENANT SPEAKS. Ex-Congressman Pierce of Tennessee, who was Bland's lieutenant in tbe laet congress, was greeted with great enthu siam and proceeded to arraign President Cleveland in a vigorous manner. He began by asserting that Democracy had bo hand in demonetizing silver, since in 1873. when it waß demonetized, the Democratic representatives from the ■outh and west, constituting an over whelming majority of the Democrats on the floor of congress, did, and have every time that free silver has been pre sented, cast their votes in the interest of the people, overwhelmingly for free silver. A voice from the audience cried: "What will Cleveland do?" "Cleveland does not represent the Democratic party," quickly retorted Pierce, and then the convention broke loose. Men jumped to their feet and cheered, while a hundred voices yelled: "That'eso; he represents Wall street." "I say today, as a Democrat," re sumed Pierce, "that Grover Cleveland, a man from the east, who claims today to represent the Democratic party, does not represent it, but misrepresents its position on this question." Pierce added that Cleveland was nom inated because the people throughout the south thought he was a man to pro tect them against the force bill. They also believed he wae an honest man and would not attempt to go against the in terests or will of his party upon any question. That tbe leaders were mis taken, Cleveland's actions today show. [Applause and hisses.] About this time a Populist from Geor gia asked Pierce how Crisp Btood. He replied Crisp has stood for 12 years by the peopie on every vote to support free coinage, and he cannot believe he will play Judaß now. "How about Carlisle?"yelled another delegate. "If Carlisle favors the unconditional When tbe hair begins to fall out or turn gray the scalp needs doctoring, aud we know of no better speoiflc than Hall's Vegetable Sicilian Hair Ecuuwcr. repeal of tbe Sherman act," replied Pierce, "he has gone back on his record, and all the people he has represented in congress for years." PISBCK CALLED DOWN. Chairman Thurman, who yesterday expressed in a speech the greatest per sonal regard for President Cleveland, criticised Pierce for drifting into parti- Ban discussion. He was almost afraid, he said, to call on another speaker for fear some one would think it necessary to get up and defend the Prohibition party. "We are not here," he said, "as partisans in any way, and I hope we will have no more partisan ship." The report of the committee on reso lutions was then read. THE SILVER PLATFORM. A Vigorous Deiuand for the Money of the Constitution. Chicago, Aug. 2. —The committee on resoiutione this afternoon submitted a long report. Tbe preamble recites that bimetallism is as ancient aa human history. For more than 3000 years gold and silver came down through the ages hand in hand, their relatione having varied but a few points in all that time, then almost invariably through legisla tion ; that both metals are named to gether, indissolubly united in the con stitution of the United States aa the money basis of this country; that in 1873, without the previous demand of any political party or any part of the people; without public discussion, sil ver was stricken from the place it occu pied since the days of Abraham and Pharaoh, under circumstances of such secrecy that A. O. Thurman, W. M. Stewart, D. W. Voorheea, J. G.Blaine (then speaker of tbe bouse), J, A. Gar field and other members of congress voting for the bill, subsequently pub licly declared they did not know until long afterwards that so great a change had been made in the financial system; hat the debates in congress show that the measure was partly as cribed to Ernest Seyd, a London banker, who, it is claimed, was sent to Washington by the moneyed classes cf tbe old world to secure its passage by secret, corrupt means; that President Grant, who signed the bill, declared long subsequently that he did not know it demonetized silver; that the object of this attack on silver was to double the purchasing power of gold, thus re ducing the price of all commodities, ar resting enterptise, impoverishing the i toiler and degrading mankind; that the ; awful consequences of this act are now upon tbe whole world. i Continuing, the report says: We stand in the midst of unparalled die- , tress —in the shadow of impending , calamities beyond estimate. The ruling < industry of the people who inhabit one- j third of the area of this republic has . been stricken down; property values . have been destroyed; workmen com- i pelled to fly as from a pestilence. Hon- • eat toilers, numbering hundreds of thou sands, have been thrown out of em ployment to eat the bread of i charity or starve. Tbe products of tbe farm and workshops are depre ciated in price until production ceases to be profitable. The money of the country, inadequate for the business of the land, has gravitated to the banks while the people, distrusting tbe banks, demanded their deposits to hoard or to hide. Mercantile houses are going to the wall by the thousand, because the masses have not the means to buy even the necessities of life. The movement of the great crops being gathered de mands a Taat n™o.>«. o* o*----—->j Ulti^ the banks are unable to furnish. In the midst of these conditions the daily preea is clamoring for the repeal of the Sher man act, although its repeal means the stoppage of the iesue of more than $3,000,000 every month; ignoring the fact that to hold the balance level be tween the debtor and the creditor; tbe fact that the supply of currency must increase with increased population and business power. The growth of the population is 33 per cent every 10 years; the increase of business is much greater." Tbe preamble then quotes at length from the utterances of James G. Blame, Daniel Webster and Secretary Carlisle in favor of bimetallic currency and Hon. John Sherman on the dangers of mone tary contraction. Tbe resolutions then say: There mußt be no compromise of this question. All legislation-demonetizing silver or restricting the coining thereof must be immediately completely re pealed by an act restoring the coinage of the country to the conditions estab lished by the founders of the nation, which continued over 80 years without complaint of any part of our people. Every hour's delay undoing the corrupt work of Ernest Seyd and our foreign en emies is an insult to tbe dignity of tbe American people; a crushing burden on their prosperity; an attempt to place us again under the yoke from which George Washington and his compatriots rescued US. We assert that the only remedy for the purely metallic financial troubles is to open the mints of the nation to gold and silver on equal terms at the old ratio of 10 of silver to one of gold. Whenever silver bullion can be ex changed at the mints for legal tender silver dollars worth 100 cents, that mo ment 412 grains of standard silver will be worth 100 centß; and as com merce equalizes the prices of all com modities throughout the world, when ever 4120 grains of standard silver are worth 100 cents in the United States, it will be worth that everywhere else and cannot be bought for lees While it will be urged that such results would enhance the price of silver bul lion, it is sufficient for us to know that a similar case will be made in the price of every kind of property, except gold. Legislation to demonezize silver has given an unjust increase to the value of gold at the cost of the prosperity of mankind. Wheat and all other agricul tural products have ridden side by side with silver. While the Sherman act of July 14th was a device of the enemy to prevent the restoration of free coinage, and is greatly objectionable because it contin ues the practical exclusion of silver from the mints and reduces it from a money metal to a commercial commodi ty, nevertheless its repeal, without the restoration of free coinage, would stop the expansion of our currency required by the growth in population and busi ness ; widen Btill further the distance between the two precious metals, thus making the return to bimetallism more difficult; greatly increase the purchas ing power of gold ; still further break down tbe price of the products of the farmer, laborer, mechanic and trades man, and plunge Btill further all com merce, business and industry into such depths of wretchedness as to endanger "Thanh You," Is what Mrs. Paisley oi Newburgh, N. V., al ways says to Hood's SarsapArilla. It cured her of a severe case of scrofula and eczema, and she has reason to be grateful. If you are bilious take Hood's FUls. LOS ANGELES HERALD: THURSDAY MORNING, AUGUST 3, 1893. . peace, the dignity oi free institutions and the very maintenance of civilisa tion. We, therefore, in the name of the re public and ol humanity protest against the repeal of tbe said act of July 14, 1890, except by an act restoring free bimetallic coinage as it existed prior to 1873. We suggest the maintenance of bimetallism by the United States at the ratio of 16 to 1, which will increase our commerce with all the Bilver using countries of tbe world, without decreas ing our commerce, 23 nations of which buy our raw materials, and will sooner compel the adoption of bimetallism by the nations of Europe than any other means. We assert that the unparalleled cal amities which now nillict tbe American people are not due to the so-called Sher man act of 1890, and in proof thereof call attention to the fact that the same act's conditions now prevail over all the gold .standard world. We are convinced that bad aa is the state of affairs in this country it would be still worse but for the Snerrc an act, by which the nation has obtained to some extent an ex changing circulation to meet the de mands of the continent in the process of the colonizations of business exigen cies of tha moat energetic and indus trious race that ever dwelt on the eartb, and insist upon the execution of the law without evasion, so long as it ia upon the statute books, and upon the purchaiie of the full amount of Silver eaoh month that it provides for, and that the monthly addition to the circulating medium the law secures shall be maintained. We would call the attention of the people to the fact that in the midat of all the troubles of tbe time, the value of national banks and national legal tender money, w hetber made of gold, silver of paper, has not fallen a particle. The distrust ie not in the government or ita money, but of the banks which have, aa we believe, precipitated the present panic in the country, in ill-advised ef fort to oontrol the action of congress on the silver question and issue bonds. We invite tbe bonkers to attend to their legitimate business and permit the rest of the people to have their fnll share in the control of the government. In this way they will much sooner restore that confidence which is bo necessary to the prosperity of the people. It must not be forgotten that while boards of trade, chambers of commerce, bankers or money dealers are wealthy and valuable men in their places, tbe republic can mora safely repose upon the great mass of its peaceful toilers and producers, and that this "business man's gain is rapidly exterminating the business men of this country." The time has coaae when tbe politics of the nation should revert, as far as pos sible, to the simple, pure condition out of which the republic arose. We sug gest for the consideration of our fellow citizens that the reiuaal of the oppon ents of bimetallism to propose any sub stitute for tbe prettont law, or elaborate any plan for tbe future, indicates either ignorance of our financial needs, or un willingness to take the public in their confidence, and we denounce the at tempt to unconditionally repeal the Sherman act as nn attempt to secure gold monometallism in flagrant violation of the last national platform of all the political parties. CLOSING SCENES. The Platform Adopted—Carl Brown Distinguish** Himself. Chicago, Aug. 2.— T hß committee on resolutions also reco.amended that tbe convention immediately appoint a c0m .1.1.1... « • —• • t ———~~- -—milu etate and territory to act in conjunction witb the American National Bimetallic league, jointly, to deviae a plan and provide waya and tneane for impressing upon congress and the people the im pending perils from the final demoneti zation of eilver. When Reagan moved the adoption of tbe platform there was a loud protest from Carl Brown from California who objected to the second clause wherein he alleged the committee declared gold and eilver to be the basis of all money. He thought land should also be regarded as tbe basis of money. This met the unanimous approval of the Populists, and for a moment it seemed that Brown's amendment would sweep the convention. Donnelly of the committee on resolu tions, however, obtained the floor and said: "The resolutions only state that the conetitution of the United States declares gold and eilver to be tbe basis of money. We are a great body of men, but we cannot amend the constitution of the United States." "I yield," said Brown, gracefully, "to the gentleman who compels us to be lieve Shakeßpeare did not write his im mortal works." [Uproarious laughter.] "I would simply say," retorted Don nelly, "that this reminds me of tbe time when all tbe fools in Spain laughed st Columbus for wanting to go to discover America. ' "I yield," said Brown once more, "to that man, who, greater than Columbus, has discovered a lost continent in the Atlantic." Tbe laughter which greeted this re joinder of tbe Californian was so gen eral that Donnelly also joined in the merriment over the allusion to hie book. After some further talk and much ex citement, the word "basis" was stricken out aa.d the words "standard of value" were inserted in Hew thereof. The res olutions were then adopted by acclama tion. Tbe ways and means committee wbb then announced. On motion of Bryant, the address ot Chairman Warner of the bimetallic league, delivered before the convention yesterday, was adopted as the address of tbe convention to the American peo ple. "Cyclone" Davis of Texaß obtained the floor and read a dispatch in an evening paper saying Secretary Carlisle had been today in coneultation with the bankers in Wall street to see what they desired done in the present crisis. Da vis offered a resolution asking tbe secretary to also receive a delegation from the people, to hear what they thought should be done. The resolu tion was adopted by unanimous vote, intermingled with execrations of Secre tary Carlisle for his "betrayal of silver." The convention then adjourned Bine die. BPKKDY SANGKB, He Meet* Zimmerman and Gate Away With tbe Championship. Dbtboit, Mich., Ang. 2.—Fifteen hun dred people saw the bicycle racing at the Detroit driving park today. A strong wind rendered fast time impos sible. Zimmerman and Sanger came together in earnest for the first time, in tbe opening event, tbe one mile open race, and the result was a victory for tbe western man. In all tbe other events in which both men entered, one or the other failed to start. The mile open was won by Sanger of Milwaukee; time, 2:20 4-5. THE GOLD RESERVE RESTORED. It Is Once More Back to the §100,000,000 Mark. The Influx of the Yellow Metal Con- tinues Steadily. A Decline in the Treasury Balance-Far ther Action to Heller* the Finan cial Strlnieaey—Washing- ton Notes. By the Assodstod Press. Washington, Aug. 2.—For the first time since April 20th last, when the gold reserve fell below $100,000,000, the mark reserve has been made. The gold in the treasury today amounts to $100, --791,370 free gold. This is gold from Europe, Mexico and the West Indies, much of it being gold sent out from the United States during the latespring and early summer months. Information in treasury circlea indicates that $10,000, --000 in gold ia now on the way from Europe to the United Statea, and most of this, it is expected, will find its way aa usual into tbe treaaury. While the gold reserve, however, is in tact, and the free gold climbing up, the treasury net balance is declining, the Btated amount today being $17,251,000. Receipts for the past few days have been disappointing, the bneineß troubles of the country having effect upon the government revenues. Everything that can be done is being done to relieve tbe situation. Secretary Carlisle today, after a con sultation in New York with eminent financiers, directed Acting Secretary Curtis to send the following telegram to 150 national bank depositories through out the United States: "Your authorized balance hereby fixed at par of security. Transfer excess whenever practicable to nearest sub treasury." This action of the treasury depart ment will release to the banks about $900,000, and is intended, aa far as prac ticable, to relieve the financial strin gency prevailing in the country. What Carlisle Favors. New York, Aug. 2.—Thia afternoon Secretary Carlisle lunched with Sub- Treasurer Jordan and ex' Secretary Fair child. Later he visited the sub-treasury and custom bouse. He met no bankers and said he bad no opinion to express on the financial situation or the probable action of congress. He said he personally was in favor of allowing national banks to issue cir culation to the par value of the bonus deposited aa aecurity. There waa no likelihood of any aotion by congress on that point at the extra session, how ever. Use Angostura Bitters, the world-renowned South American appetizer, of exquisite flavor, Hsnnfaotuied by J. ti. is. Slegert & Sous. Ask your druggist Household Goods In great varieties at the lowest possible prices at the W. C. Furrey Co., 159 to 165 North Spring Btreet. Buffalo Lithia. Woollacott, agent. A Circulation Statement. Washington, Aug. 2.—A circulation statement issued by the treasury de gold aud silver coin and certificates of United Statea notes and national bank notes in circulation August Ist, was $1,611,099,117, an increase during the month of July oi $17,237,606. The in crease during the last 12 months was in round figures $9,000,000. The per cap ita circulation based on an estimated population of 67,066,000 Augußt Ist, was $24.02. lido not Eat Pastry;! ?p! How often you hear this J|s expression, and the ex- |J2 planation that usually Si follows: "I am troubled W\ with dyspepsia." The Ml P| explanation is not far to |p |$ seek. In the past Lard Sp2 Wt has been used as the prin- R$ O cipal shortening in all eH yj pastry, the result —dys- || £| pepsia. The dyspeptic Wk IK. need no longer be j|| troubled, providing COTTOLENE is substituted for lard in ||X the preparation of all food. p| It is composed strictly of O highly refined vegetable Wg Hj oil and beef suet. 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Ol icw N?, f iQ«y «J Jt4 lnGeneratlvoOri;ansofelth«rsexeauiedbyoverexertion,ra N 1 rfaW excesslveuse of tobacco, opliun or stimulants, which lead Infirmity, Oc A .J- lasuniptlon or Insanity, dan be carried I n vest pocket. »1 1™T*°*<*J° r „ » V BJby mall prepaid. With a»« order we ilve a written «?» r »»*%®;!'. MrwaVtaKlK.;. refund the money. Clrcularfree. Soldby alldrowlsu. Ask tor It. ta utFQRE AND AFTER USING.no other. Address NfcHVK SSSBOO., Masonic Temple, CHics.GO.il For Sale in Los Angeles, Cal., by GODFREY & MOORE, Druggists, 108 Sou Spring street, THE NEW | jjlljj-- CARPFT -=l ANGELES CARPET S. SPRING | STREET | V[\ — ! -~IjU. — ■ - Thursday, Aug. 3. Just a few words to tell you that we are doing our best to have our Store ready to open next Monday, but it will be hard work. At any rate we will not be more than a day or so late, and we will make it an object to you to wait until we open to buy any CARPETS or DRAPERIES you may need. 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