OCR Interpretation


The herald. [volume] (Los Angeles [Calif.]) 1893-1900, October 06, 1896, Image 4

Image and text provided by University of California, Riverside; Riverside, CA

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85042461/1896-10-06/ed-1/seq-4/

What is OCR?


Thumbnail for 4

4
■ <j»Mt»aTTrr Tourti as you xi it L
Tnt>vnov« as you rmo urn
(piJ6LI3N ALxTHEND&S
p j / TOE EVENT
iV I .TO TUB k. „
I OT THC- PtDiHIE.
jf"" WILLIAM S. CREIGHTON
|f Editor-in-Chief.
Littrjß HERALD ownn a full Associated
■fie* franchise and publishes the complete
•graphic news report received dally by
ItDXTORXAL DEPARTMENT: 221 East
Fourth street. Telephone 166.
■WWNEBB OFFICE: Bradbury Building.
: Mt West Third street. Telephone 247.
Jm ■
TERMS OF SUBSCRIPTION.
M Ry Mail. Payable tn Advance
P»Of and Sunday, f month » -g
pally and Sunday, S months J-*>
Wd and Sunday, 6 months £-°o
safety and Sunday. 1 year
TO CITY SUBSCRIBERS.
BSjHr, delivered,- Sunday Included, per
taonth »°
puna I only, per month • "°
POSTAGE RATES ON THE HERALD
m gave* 4 cents 132 pages ; cen [",
• pages 2 cents 128 pages 2 cen a
| & S cents [IS pages 2 cents
THE WEEKLY HERALD.
Twetve pages, one year..................*?-™
Address THE HERALD. Los Angeles^Cal.
Tho Herald Publishing company hereby
Often a reward of ten (IlO) dollars for the
■mat and conviction
artaallns a copy or copies of THE HERAiiD
from wherever the same may have been
placed by carrier for dellvery_t^patrons 1 _
1 atr subscribers to The Herald will con
»a favor by reporting to the business
co late delivery or any other negligence
SB tho part of carriers. During the week
2 papers should reach subscribers not
later than 7 oclock. and on Sundays by 8
oetock.
The publishers have arranged to have
The Herald on sale at all news stands and
an all railroad trains ln Southern Califor
nia. If the paper cannot bo secured at any
of the above places the publishers will
I**m It a special favor if patrons should
report the name to the business office.
The Herald
Has the Largest Paid Circulation
in Southern California
Sworn Statement of Circulation
Published on Classified Page.
TUESDAY, OCTOBER O. ISO 6
National Democratic Ticket
For President,
WILLIAM JENNINGS BRYAN
Of Nebraska.
For Vice-President,
ARTHUR SEW ALL
Of Maine.
CONGRESSIONAL
Per Member of District.
Four weeks more and the campaign
button will be but a souvenir.
Major McKinley has made over 100
speeches ln this campaign, but has not
■aid a word about the trusts.
The dynamite scare In England seems
to have subsided simultaneously with
the departure of the czar from her
•bores.
Major McKinley evidently believes
that "there ls no place like home." Ac
cordingly he will not be disappointed on
November S.
The land of "sun, silence, somnolence,
■moke and silver" Is steadily prosper
tna-. Recently the Rothschilds have In
vested $7,000,000 ln Mexico.
It Is quite Impossible for Mr. Bryan
to utter a single sentence to which the
New York Sun would not take objection.
Mr. Dana even finds fault with the affir
mation of Mr. Bryan the other day: 'I
am a believer ln Almighty God."
The Cincinnati Enquirer should know
better. It Insinuates that there are a
number of "supes" ln Canton who are
kspt busy serving respectively as Grand
Army men, press associations, German
"sound money" men, traveling sales
man, railroad clubs, worklngmen, re
formed Democrats, and so forth.
This evening ln the amphitheater of
ihe Medical college, on Buena Vista
street, will take place the Inauguration
of the first annual course.of lectures to
tha Training School for Nurses. This Is a
laudable work, which a number of our
philanthropic women' have established.
The lecturers and all connected with this
aehool perform their duties without
Charge. This Important educational in
.. nutrition ls commended to the people of
I IM Angeles.
There are four distinct points eon
s' talned ln Mr. Blame's great speech on
': attver: (1) That silver and gold—not
ONE, but BOTH—were the money of the
R aanatltutlon. (2) That congress, without
a constitutional amendment, could not
tawful)y demonetize either. CI) That
'la* was ln favor of the immediate remon
attsatlon of silver, and (4) that the
COINAGE should be UNLIMITED, and
" th* silver dollar so coined should havo
'UNLIMITED DEBT-PAYING POWER.
——_ —
'•r The pride of Spain Is humbled to the
•lust, and soon the once great and noble'
f fOm will have to be coupled with Tur
raaT as dying nations. Her bankruptcy
lis complete, and the refusal of her offer
gpr a 120,000,000 loan in London excited
MS surprise amongst European finan
■M, The Cuban rebellion and its mls-
HHMMt) atory of wanton waste and cru
fiptr, the Insurrection ln the Philippine
yptonds, and Internal dissensions at home
Ifuilde certain signs of her ultimate
|i ***t*l»e McKinley law Is responsible,
n* people grew restless, discontented
itf resentful over the abuses of the
mmtetirm doctrine In the Fifty-first
Mnaaa, They objected to a condition
that by law took from one
llrjflw tft Mother, that infused thai
blood of one industry Into another—not
that wages ln the protected Industry
might be larger, but that the profits of
the capitalists ln that Industry might
be swelled. In other words, the masses
objected to being robbed for the ben
efit of those who are protected by the
tariff schedule. They wanted condi
tions equalized, and they said so with
an emphasis and a unanimity that fair
ly took away the breath of the Chinese
wall policy and almost swept the Re
publican party off Its feet. . . . They
have put their feet down unmistakably
on McKlnleylsm."
Interview with the Hon. Ben Butter
worth in Philadelphia Times after elec
tion of 1892.
SOUND MONEY
Everyone ls for sound money. What
ls sound money? That is the question
that agitates the American people to
day.
On the one side stand those who
claim that sound money ls, and can
only be, a unit of measuring value of
23.22 grains of gold. All else must be
"token" and redeemable in this bold
unit. This claim of what sound money
is sets no limit. Sound money the world
over is the same. To these claimants
the gold unit alone makes sound money
for any country.
On the other side stand those who
claim that sound money in the United
States ls the money of the constitution.
This Instrument provides that no state
shall make anything but gold AND sil
ver a legal tender. "And" is a conjunc
tion. It Joins together. There ls no
Interpretation that can make the word
"and" exclude Instead of unite. Gold
AND silver ln the constitution of the
United States means what?
What can It mean? There ls but one
answer. It means a bimetallic standard
to consist of a unit of measure ln each
metal. That unit of metal ln gold and
silver was and is subject to modification
by congress.
Jefferson and Hamilton took the sli
ver dollar then current as a basis. Fig
uring from the silver dollar of 37114
grains fine silver, these great represen
tatives of conflicting theories of gov
ernment fixed the ratio at 15 to 1, which
made the gold dollar come out with
24.23 grains.
The gold dollar has since then been
changed twice in the amount of gold
It contained. It was lessened ln weight
until the ratio was finally 16 to 1. The
BlrVsr dollar of 371% grains of fine sil
ver has never been changed.
The first ratio prevented the intro
duction of gold into the currency of the
country. Gold had never been used.
The American republic was founded
without It. The Independence of this
nation was achieved without any of
what "an Impertinent self-righteous
ness" calls the only honest money.
The second ratio and the third and
present legal ratio of 16 to 1 excluded
silver. The silver dollar was the high
priced dollar. No one proposed to over
throw the constitution by degrading
gold and redeeming the Inferior gold
dollar in the higher one of sliver. No
one seems to have even thought of doing
away with the bimetallic standard, and
this, though It meant, as then arranged,
an alternating standard. Congress had
clearly constitutional authority to
change the amount of metal in either
standard dollar. It never had constitu
tional authority to do away with either
precious metal as money. The consti
tution provided two metals for the
standard. In case of a shortage of one
or a corner ln It. the people had a safe
means of escaping Just what we are
now suffering from. The constitution
must be changed to authorize congress
to do away with either precious metal.
"Gold AND silver" must be changed to
gold alone. Or, if the masquerade is
still to be kept up by foreign nations'
fixing our finances for us, It might be
amended to read "gold OR silver," or
we might amend the constitution to
read "gold, or bimetallism when Ickel
helmer, Morgan, Belmont and Roth
schild say so." Even one of the Roth
schilds sees the folly of putting the
cinch on too hard lest excessive greed
defeat Itself. Baron Alfred de Roth
schild favors bimetallism because he
does not wish to Increase debt to a point
where It cannot be borne. This ftp the
folly the ablest money man of them
all foresees would most likely follow in
creasing debt solely by an increasing
value In things of the unit of measure
in which the debt was expressed. Had
the present policy of our secretaries of
the treasury always prevailed, of re
deeming the cheaper standard measure
of value ln the dearer, the gold dollar
would have occupied the same token or
flat place from 1834 to 1873 that the sil
ver dollar has been relegated to. The
repeated acts of congress give no war
rant for the extraordinary and entirely
unprecedented discrimination of recent
secretaries of the treasury against the
people in the payment of the people's
debt. If there were such acts they
would be clearly unconstitutional. Gold
AND silver can not mean gold or silver.
Sound money Is a term that can be
applied with more propriety to the sil
ver dollar that has always contained
the same number of grains of fine sil
ver, and that was the first dollar known
to the American nation, than to the
gold dollar, which has" contained Jliree
different amounts of fine gold'and was,
for near fifty years, a "dishonest dol
lar" to the extent of being worth less
than the silver dollar.
The question of which of our constitu
tional metals, In the present weight of
metal congressional act has fixed, comes
nearest representing the things used by
our government, and for which the gov
ernment bonds were Issued, is a fair
one for honest Inquiry.
The weight of. testimony is decidedly
In favor* of the silver dollar as being
the most accurate representation of the
true value ln products of the public
debt.
This ls the case, ln spite of the fact
that sliver has suffered from law-made
discredit for twenty years. This Idea of
a single gold standard is also a new
thing, unprecedented ln the whole his
tory of the world, before this century.
As far as honesty goes, the public debt
was contracted to be paid in "coin of
the United States." That coin was de
fined ln the statutes of the United States
as consisting of a dollar of silver of 371*4
grains and a dollar of gold of 23.22 grains
of gold. The contract left the people
free to pay ln either standard. All for
mer government debts had contained
thin option, and all former debts of the
United States had always and Invar
iably been paid ln ths cheaper ef the
tiOS ANGELES HERALD: TUESDAY MORNING. OCTOBER fl, 18SH.
two coins. No dishonesty ever was
claimed because of the exercise of this
legal option for the benefit of the peo
ple. Why should they now? What right
has a president of the United States
to pay the federal debt ln any manner
not to the greatest advantage of the
people that ls permitted by the con
tract? Why should federal officials as
sume a virtue of doubting the public
debt In a way no private person with a
similar option would think of doing?
When to all these points ls added the
admitted fact that the present gold In
terpretation of our contracts does ac
tually and substantially double the pro
ducts In which the public debt must be
paid. It becomes plain that the "dis
honesty" and the "unsound money" ls
ln the policy of the money syndicates
and not with the plain people of this
country.
A REVERSAL OF FORM
The Republican authorities who are
responsible for the presence ln our
midst of the Hon. Benjamin Butter
worth to convert us to the single gold
standard cannot be congratulated on
their selection. As late as the 18th of
July, 1896, Mr. Butterworth declared ln
a telegram to General Warren that he
was "devoted to the cause of bimetal
lism, firm as a rock." Alas! there has
been an earthquake since that date
which has sadly disturbed Mr. Butter
worth's consistency. Was it the skill,
ful engineering of Marcus Aurelius
Hanna that undermined that rock?
Was It frequent and copious injections
of gold cure prescriptions that disturbed
his devotion? No doubt Mr. Butter
worth will explain tomorrow evening.
The Cincinnati Enquirer thus tenderly
dealt with Mr. Butterworth's sad case
a few days since:
"Hon. Benjamin Butterworth, ex-con
gresman from this city, ls now making
speeches ln the west advocating the
election of McKinley. On the race
course the gamblers have an expres
sion that means much—'reversal of
form.' It ls used when a known fast
horse suddenly develops remarkable
sluggishness or a notorious laggard,
without warning, is changed into a Der
by winner. Such reversals are always
attended by investigations by the stew
ards of the jockey club. Mr. Butter
worth has undergone one of these sud
den and inexplicable reversals of form.
The major has been a strong and uncom
promising bimetallism and even after
his party at St. Louis left him he con
tinued ln the faith. Several weeks ago
he appeared at Canton, and then came
the announcement that he was to take
the stump for McKinley. His form had
been suddenly reversed."
Mr. Butterworth seems to have dis
covered at Canton on which side his
bread was buttered. In April, 1896.
Benjamin Butterworth was avowedly
a low protectionist and free silver man,
as recorded in the archives of the United
States senate from the mouth of Senator
Henry M. Teller, who read a letter"from
Major Butterworth, which we shall take
some pleasure ln publishing as an able
argument for the cause ln tomorrow's
Issue.
THE CANTON EXCURSIONS
How the projected picnic of California
McKinleyites to Canton ls progressing,
we have not heard lately, but It is to be
hoped that the eastern campaign man
agers are not throwing any obstacles in
the way of the pleasant pilgrimage. Of
course the Journey Is of somewhat
greater distance than the majority of the
free trips to McKinley's home which
have provided such an edifying specta
cle in this campaign, but Mr. Hanna
ought not to be too penurious with his
California friends, although the defeat
ln thl3 state of his man Is practically a
foregone concjusion.
How the expense of this particular pic
nic is to be met has not yet been made
public, but if California Republicans
wish to pay their respects to Major Mc-
Kinley they should certainly pay their
expenses also. That this has not been
the case in most of these expeditions ls
notorious. One would have thought
that the strangely named "Commercial
Men's Democratic McKinley club"
would have been too proud to accept
such conditions as the following circu
lar Implies:
Commercial Men's Democratic Mc-
Kinley t lub. Harry H. Levy, secretary,
343 Marahfleld avenue. Chicago. Septem
ber 3, 1896.—The Commercial Men's
Democratic McKinley club are going ln
a body to Canton, 0.. ti) pay thpir re
spects to Hon. William McKinley. We
will leave Chicago Friday evening, Sep
tember 11, at 9 oclock. returning from
Canton September 12. and arriving in
Chicago Sunday morning.
Transportation and sleeping apart
ments will be furnished you without
cost.
We are anxious that every member
of the club should participate, as it Is
essantlal to the interests of the club to
make as good a showing as possible.
If you desire to accompany us on
this trip, please sign the enclosed postal
and return to the secretary not later
than Tuesday, September 9. Respect
fully.
OUSTAVB HOFFSTAPT, President.
HARRY H. LEVY. Secretary.
Truly a very tempting offer and one
that was evidently too enticing for a
considerable number of th? "Democratic
McKinleyites." If of. r er,!s,made
to California worshipers of WUliam-of
the-Tariff, no doubt large numbers will
succumb. An excursion to the cast at
this time of the year would certainly be
pleaEant, and Its pleasure would not be
diminished If it is to cost nothing. The
picnic will also provide in after years
an historical reminiscence that will be
treasured with care, how we visited in
Canton, Ohio, one Major McKinley,
whose name was associated with some
disastrous legislation in the early nine
ties and who was so badly beaten in '06
when Bryan was elected president and
restored the money of the Constitution.
If you get an Invitation to Canton at
Hanna's expense, put your pride in
your pocket and go and shake Major
McKinley by the hand.
i While The Herald is the only Demo
cratic daily in Lob Angeles, and natural
ly prefers to support for all public of
fices nominees of similar political creed,
It Ib not so hidebound by partisanship
as to dream of supporting any candidate
who is not fairly and squarely above
board on all vital questions. Should a
Democrat bo nominated at the city con
vention for any city office who has the
slightest taint of the City Water com
pany's Influence, he may look for The
Herald's unswerving opposition.
MKINLEYS CONVENIENT LOOP.
Mr. McKinley pulls out his tariff reme
dy and flourishes It about whenever ne
gets in a corner.—Atlanta Constitution.
TO THE EDITOR
(The Herald under this heading prints
communications, but does not assume re
sponsibility for the sentiments expressed.
Owing to the very large, number of com
munications received lately by The Herald
on the currency and other political ques
tions, correspondents will understand that
there may be some delay ln the publication
of their letters. Correspondents are re
quested to cultivate brevity as far as I*
consistent with the proper expression of
their views.)
BENJ. BUTTERWORTH AS A SIL
VERITE.
Editor Herald: On Saturday evening
last a typewritten Invitation was re
ceived at my home from the Business
Men's Sound Money club, as follows:
"Dear Madam: I lake pleasure In re
questing that you grace the platform
with your presence on the occasion of
the address of (Jen. BenJ. Butterworth,
Wednesday evening, Oct. 7. 1896. Seats
will be reserved for yourself and escort
up to the hour set for the meeting.
Please retain and present this letter at
the stage entrance."
Having been acquainted with plain
"Ben Butterworth" as a lawyer In Cln
cinatl, before he was sent to congress,
wife and I smiled at the litis "Gen."
placed to the name of one who addressed
his father and mother In the Quaker
style of thee and thou. We knew him
during war times, but not as a soldier.
Of course we were pleased to know that
he was in this far-away land, and nat
urally enough we felt inclined to accept
the invitation.
But why should we Populists be In
vited to "grace the platform" of a sound
money, gold standard political meet
ing, and would it be proper and honest
for us to do so, were questions that agi
tated our minds. While talking the mat
ter over we opened another and more
formidable document Just from the post
office, under the frank of "A. O. Bacon,
U. S. S." Its title read as follows:
"Senate document 235. In the senate,
April 29, 1896; ordered to be printed.
Mr. Teller presented the following let
ters from Mr. BenJ. Butterworth of
Washington, D. C, ar.d Mr. Samuel J.
Ritchie oi Akron.O.,upon the stiver ques
tion and upon the general financial pol
icy of the government as of late pur
sued."
This document we proceeded to read,
as we were desirous of learning how nut
old friend, always known in Cincinnati
as a liberal, progressive and reforma
tory speaker, could consistently side
with the monopolistic, oppressive gold
money power. The letter of Mr. Butter
worth is dated March 26, 1896. and is ad
dressed to Hon. Henry M. Teller, United
States senate. Referring to Mr. Ritch
ie's letter, he says:
"He presents the facts and figures, and
with almost brutal frankness, but noth
ing less forcible will arouse. In time,
needful resistance to- the blighting in
fluences that are keeping general pros
perity in exile and confining to a few
the blessings that remain, and each day
making needful reforms more difficult.
"In traveling through the several
states I find that perrons employed in
the various industries and avocations
of life, those whom Lincoln was accus
tomed to call the plain people, and who
are the salt of the earth and strength
of this nation, ln estimating the charac
ter and effect of the influences that have
gained supreme control In this nation,
feel and speak as Mr. Ritchie does, and
they realize that the representatives of
the monopolistic combines ln one form
or another have too firm a grip on the
legislative and administrative branches
of the national and state governments
for that grip to be easily torn loose.
Their power In the social circle is great;
in politics, omnipotent; It Is controlling
in business; It own or controls the press,
and ls naturally Influential with the pul
pit. So it results that they are for the
time masters of the agencies that mold
and guide private opinion and control
public Judgment and public action; and
It results, Inevitably, that there is left
to the plain people only a beggarly ac
count of the agencies and Instrumental
ities with which to fight their battles
and protect their rights."
"What does this mean?" said I to my
wife. "It sounds very much like Popu
lism."
"Yes," she replied; "there must be a
mistake somehow or somewhere."
But let us read further:
"You know that each year our poli
tics becomes more corrupt, and wor
thy men affect to reject the moral cer
tainty of the fact, because competent
legal proof ls not offered. For all this
they shall be brought unto judgment.
As an inevitable result the foundations
upon which reßt the only living hope of
preserving our form of government are
being surely undermined by the cor
rupting Influences and power of wealth
in the hands and under the control of
men who either fail to understand or
are indifferent to the fact that our free
Institutions cannot survive long after
such Influences become (and they are
fast becoming) supreme ln the land."
"Well, If Mr. Butterworth talks that
way at the pavilion Wednesday evening
won't he be called an anarchist?"
"If not," said I, "he certainly will be
if he repeats the following:"
"The outlook Ib not encouraging when
the great corporations of the country
testify that they have to provide a fund
to pay ransom to legislative ar.d admin
istrative bandits to prevent leg
islative and administrative spo
liation. And, on the other
hand, nobody doubts that corporations
combines and syndicate.?, secure and
hold franchises and privileges, and tie
feat needful legislation, all in deroga
tion of tno rights and Interests of the
masres of the people, and do this by the
corrupt use of money. The citizen who
does not know of these things is too
ignorant to feel their Influence, and the
citizen who is conscious of the presence
of there Influences and does not resist
their control does not merit the rights
of an American freeman."
And what will the sound money men
say to the following:
"The conviction ls growing that the
demonetization of one-half the money
of the world, no matter what the theo
retical financiers may say, ls—and was
by those who were chief contrivers of
the manner of Its accomplishment, in
tended to be—a scheme to increase by
legislative enactment the wealth of
those who are already wealthy and the
power of those already too powerful."
But the following caps: the climax. It
beats all the Populist "calamity howl
ers" have said, and still only tells the
truth:
"If It be said our securities will come
pouring home for payment, or be. thrown
on the market, and thus Intensify the
matter, In case Ye imist on a return
to bimetallism, the answer ls, so far as
the panic Is concerned, that our people
are already at the bottom, and have
been for more than four years; there ls
no lower depth to reach; they have been
standing on bedrock.
"The farmer cannot sell his crops for
enough to pay for the Implements with
which he tills the soil.
"The herdsman cannot get enough for
his beef to pay for the feed the animal
eats. The combines «ix the price of the
steer at the farmer f pasture and regu
late the price of meat at the butcher's
stall. Thus the candle of the producer
and consumer Is burned at both ends.
"The tax gatherer takes what the
usurer leaves.
"In fact, conditions could hardly be
worse.
"Let the securities come, and pay them
with the money and currency of the
country, even as we accepted that money
and currency from the lenders. We have
not ln the whole United States gold
enough to pay IS per cent of the face
value of the securities held ln Europe.
If the holders desire to kill the goose
that lays the golden egg, let them first
learn that that goose has been pressed
and squeezed to ths limit, and will lay
no more eggs that lack a substantial
alloy of silver."
If the Hon. Benjamin repeats such
"sound money" sentiments at the pa
vilion, he will be cheered to the echo—
by the many Popullstlc and Democratic
free sliver men who will be present—
but not byxtht gold standard men who
invited him there. They will think, at
least, "anarchist."
One more extract from the silver
coinage document read ln congress only
six months ago will suffice to show what
kind of "sound money" advocate our
distinguished visitor is:
"ls it not folly to suppose that the
capitalists of England—and they arc the
capitalists of the world—will be easily
persuaded to agree or consent to bi
metallism? Why should they? How Is
It to their Interest to do so, while we
consent to make It to their advantage
to refuse? They have doubled the val
ue of their credits by demonetizing sil
ver, and thos in effect doubled the In
terest received by them. The United
States blundered into that trap, and
within a year beggared a million of her
citizens, and If we adhere to the blun
der will beggar live millions more, aud
double the burden of every debtor and
burden-bearer in the land. If it be Eaid
the I'nited States cannot act alone, the
answer Is, conditions are such that she
must give notice that she will act with
England if the latter consents; other
wise she will act alone.
"We arc the greatest debtor nation
on earth. Hence it may be we must
start alone, if at all. and creditor na
tions will speedily Join us for their own
protection in re-establishing bimetal
lism. If necessary, und the f'nited
State? does not start alone, gold mono
metalllsta will be so firmly entrenched
behind the ramparts of strength and
power, and the mass of the people be
so helpless, that bimetallism will be
postponed a generation. If not forever."
It will be an interesting treat to com
pare the foregoing extracts with the
report of the ex-congressman's speecn
in the Thursday morning papers.
E. L.
AMENDMENT NO. 1
Editor Herald:—lt ls almost Impossi
ble to listen with patience, to Intelligent
men, whose necessities compel them to
borrow money, advocating the repeal by
vote at the coining election of that por
tion of our state constitution, which ab
solutely furnishes them the only pro
tection they have ever had against the
insatiable greed of the most heartless
class of money lenders.
Prior to the adoption of that part of
our present constitution we are now
asked to repeal, the following ls a
clause that was usually Inserted In
mortgages, as will be seen by anybody
who will turn to the records of old
mortgages made before 1878, to wit:
"The mortgagee is hereby empowered
to pay any taxes or assessments that
may be laid upon or claimed from the
mortgaged property, or upon this mort
gage, of the money secured thereby,
and all llfns thereon at any time and
without notice to the mortgagor; and
the mortgagor and the mortgaged prop
erty are hereby made liable to the
mortgagee for the amount so paid,"
etc. ' '
The above ls copied from a mortgage
made iv 1877 by one Ybarra, to one
Sherbnrn, recorded at pages 160-2-3,
book 27, Los Angeles records of mort
gages. And the books are ft t of mort
gages of the same kind made prior to
the adoption of that constitutional pro
vision we are now asked to votengalnst.
Before voting to revive and legalize
such mortgages as the above, let us ser
iously consider how such a mortgage
operates.
Here was a poor man—we will sup
pose—who owned a little homestead
worth $1000, being all the property he
had—but he owed a debt of $500. In or
der to pay this debt he borrowed $500
from a money lender and mortgaged his
homestead as security. The money
lender Inserted in his mortgage Just
such a clause as the above, compelling
the borrower to pay the taxes on the
money loaned. Now, under these con
ditions, how much property did this
borrower have to pay taxes on? Well
in the first place, the law would com
pel him to pay taxes on the full value
of his land, as was always done under
the old constitution, no difference how
heavily It was mortgaged. That would
be $1000. In the second place, his con
tract with the money lender would com
pel him to pay taxes on the amount of
money borrowed, namely $500. Total,
$1500.
Thus, while the borrower was In fact
worth but $500, he was compelled hy
the combined force of the law and the
mortgage, to pay taxes on just three
times as much property as he was worth,
while the mortgagee, who was sucking
all the cream from his property, paid
not one cent of taxes.
It was to remedy this crying evil that
section 5, article 13, of our new constitu
tion was adopted, wherein It Is pro
vided that:
"Section s—Everys—Every contract hereafter
made, by which a debtor Is obliged to
pay any tax, or assessment on money
loaned, or on any mortgage, deed of
trust, or other lien, shall, as to any
interest specified therein, and as to such
tax or assessment be null and void."
Now this is one of the provisions of
our present constitution that the money
borrowing classes of our citizens are
being urged to repeal by their votes at
the coming election!
Can it be .possible that tiiey will do It?
Can it be possible that intelligent men.
who are driven by necessity to borrow
money even to pay their taxes, are so
full and overflowing with generosity
towards their wealthier neighbors that
they will Insist on a constitutional
amendment actually inviting an imposi
tion upon themselves, of triple taxa
tion, in order that those who are far
bettor able to pay their taxes, may es
cape, and go scot free from all taxa
tion?
And what ls the pica that Is set up In
behalf of this most extraordinary con
stitutional amendment? Why, the plea
ls that as long as we make the money
lender pay taxes o:i the money he loans,
he will be compelled to charge more in
terest In order to enable him to meet
his tax bills. But if this is a good
reason why the money lender should
be exempt from paying tax bills, why
ls It not Just as good a reason why he
should be exempt from paying his meat
bills, bis grocery bills, his doctors' bills,
and all other kinds of bills? The fair
presumption is that money lenders. Just
like other people, have little or no uee
for money, except to-pay bills of one kind
or another. So that if we would adopt
a constitutional amendment relieving
money lenders from all obligations to
pay bills of any kind, they might per
haps be able to reduce the rate of In
terest on their money to almost nothing;.
But whether they would do It or. not
is quite another question. The only re
sult to be hoped for, from the adoption
of the proposed constitutional amend-
ment. ls the rc-establlshment of that un
just and Infamous system of double and
triple taxation upon the borrowers of
money that disgraced our state under
the old constitution, in order to entirely
exempt from taxation a class of people
who are the best able, and who in Justice
ought to bear the chief burdens of gov
ernment.
ZACH MONTGOMERY.
Los Angeleß. Cal., Oct. 2, 1896.
THE WATER COMPANY AND THE
CITY ATTORNEY
Editor Herald: At tho Repub
lican caucus of the third precinct
of the First ward Deputy District At
torney Willis publicly stated that two
years ago he could have been the city
attorney of Los Angeles If he would
have consented to let the City Water
Company say how the city attorney's
office should be run. As a reader of The
Herald, I, for one, would like to know
what member of the City Water Com
pany mad* this offer te Mr. Willis. The
)Yf<vvyYVVV¥VV¥WWlt
< ' "The Boat h the Chean.-at" , [
! BOSTON goods STORE |
I \ J. V/.. ROBINSON CO. j j
1 j Broadway-Opposite City Hall " j 1
;> WHOLES ALB J TaUiphOM { RETAIL \[
• , Third anJ Fourth Fbors } Main an ) First and Second Floart J (
Carriage Shades j;
; I We place on sale today 250 Carriage Shades at the following: special !
I ( prices: 3
1, Lot No. I—Consists of Ruffled and Plain Carriage Shades, Al" — <!
( silk lined, ranging in price from $f.25 to $2.00. ValC !>
,; Sale Price *** ym * \ >
!; Lot No. 2—Consists of fine Gros-Grain and Taffeta Silk Car- (t» f fPg\ ','
jj nage Shades, in black and whit-, silk lined and silk ruffles A I.nil <!
, > and lace trimmed, worth up to 83.00. Sale Price W * J >
iKnit Underwear
Ladies' and Children's Knit Underwear—a large and most complete J j
line of Foreign and Domestic manufacture. A few special items fat J [
today:
Ladies' Ribbed Balbrlggan Vests and Pants, fleece lined, cray and !!
, e;ru; great value; each ; £dv
II Combination Suits, fleece lined, SQC '
]j A fine grade of Jersey-fitting Merino Vests and Pants; 9K/» !»
]! each — IDL ;>
1J Miises, and Boys' Merino Vests and Pants, broken sizes, *)m\n <'
I > at, each awdC < [
j I Just one-half the regular price. 3 >
j! We are agents for the celebrated Dr. Jaeger's Sanitary Woolen Un- < j
j! derwear,for Men, Women and Children. 1;
! j Just received, an extensive line of Ladies' Domet Flannel Night j!
!; Gowns, well made, new and desirable patterns, both plain and j
\\ fancy trimmed, at 75c, $1.00, $1.25 and $1.50 each j \
»MM»¥MWW¥M»^(M^>s*Ar
$100 in Gold Given Away
atind It to nbr mm, an/we will tttorn you your Kuessln* card duplicate ot tha »(Utsr on oat sees.
Ea:h person allowed one guess only. Welglit of aquasa, la pounde.
Nome „,„„„
iatj-i Guess
fldtlress
RULES FOR OCKSStNO—Tn. squash will no cut Christmas JSvm In our show window, bnfor.
(he foil vlaw of tha public; seeds cjunted by a corninlv.co of tho press and winner declared before taay
'* ,V *Th^>an o advertls«ment for our honsa and In straight ana without deception In anyway. Call
a ~T£*& M ' n Buffalo Woolen Co. M {Tffi2L
Los Angeles Herald.
> >» , <»«<*N^
I Tailor Made Suits Riding Habits |
I Alfred Neuman I
ill* Parisian Ladies' Tailoring Parlors i
220 S. Spring Street, Rooms 6, 7 and 8, Los Angeles, Cal. |
Exclusive designs High Class Workmanship |
Has No Superior...
WE POSITIVELY GUARANTEE THAT
IB Mil IM POWDER
Is absolutely pure and has no superior, no matter where made. We authorize all
grocers to return your money if not satisfactory. Ask your grocer for
" ~ free samples—Sold by nearly all grocers.
tf-lb cans •• I* I cans » aoe
,-lb cans 40C I 5-IU cans *1.75
J. M. spence & Co.,
Manufacturers, Los Angeles;
■■' SSB """""* j I
Believing that advertisers have a right to "know the paid
as well as the total circulation, The Herald makes af
fidavit to its
Net Daily Circulation
; Sworn statement appears in this issue. It is worththe
careful consideration of advertisers, large or small, at
home or abroad.
ThislDollar Doctors
Consultation, Examination and Dollai*
M *> c
_, t""'e, • •« «.„ N. E. Cor. Main and Second Sta»
NeW YOrk SpeCial.Sta>, Over Security Savings Bank
Senour's Floor Paint
1 A Paint for Floors
2 U. R. Bowers & Sons, 451 S. Spring
!L.«.,»^xdM^«\g,:?/a^
statement, waa made ln the presence of
a full house and ln response to tne
question as to how he stood on the
water question. «-^ f^j ONES .
Los Angeles, Oct sth.
THEIR OWN FUNERAL
Editor Herald: I went to the Repub
lican caucus Friday evening in precinct
four ot the First ward to cast my vote
as a Republican. Captain Tyler and Mr.
Arnold challenged my vote, asking mo
whether I Intended to vote for MaJoi
McKinley for president. I replied that
such was not my intention, aB I was a
silver Republican. They informed me
I could Btep aside as I could not vote
there. Now what I would like to know
is- Can the Republican county or city
ticket stand a ghost of a show of elec
tion without the vote of sliver Repub
licans? And If we are forced to vote
for other candidates are w.e to blame.'
Let the 3d of November tell the story.
f HARRY HORSEFIELD.
Los Angeles, Oct. sth.
THE WAY OUT FOR MANUFACTUR
■ - ; ERS.
If the trusts would export their sur
plus, Instead of abutting down their mills
to restrict production to the demands af
a single market, they could compete
successfully with England in any field
now occupied by that country. That la
the way out for our manufacturing
business, and the only way out. So far
as is known, however, only one of tha
manufacturing trusts has been Induced;
to try the experiment of exporting It*
surplus. The nail and wire trust begaa,
exporting both cut and wire nails in in
creasing quantities in 1893. Since that
year it has run its exports of cut nalla
from 15.00n,000 to over 20,000,000 pounds a
year, while for the year ending Juns SO
its sales of wire nails and other product*
were over 8,000,000 pounds, or nearly***
per cent more than the sales of 1891—
New York World.
SENSATIONS OF BEING DESERTS*
With most of his alleged supporters
talking for McKinley. Candidate Joha
M. Palmer must feel like the last empty
bottle to be removed from the deserted
banquet hall.—Houston Post.
SCHURZ VS. BISMARCK.
German-Americans who agree with
Carl Schurs, Hanna's hired man, repu
diate Prince Bismarck's opinion.—Alt*
gusta Chronicle.

xml | txt