Daily Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1876-1884, 1881-07-20

ONE Of the great infamies of the |
age Is the attempt to demonetizs
silver in the United States. This |
country is to-day the principal pro-
Queer of this precious metal; and |
there 10, nevertheless, a capitalist
class IN our principal Eastern cities
who would like to see it discredit- |
ed. The fellows who desire to thus |
paralyze real productive mining
energy in Nevada, Arizona, New
Mexico, and other Am erican GEN.
ters of silver production, are the
same enervated beings who de-
light in driving "tally-ho" coach
es, who ape the English aristocracy
in all imaginable ways. and who
pander to the financial dictas of
the London Exchange. These are
the wretches who combine to keep
the United States la humble vas.
salage to Europe-that United
States which il to-day the premier
nation of the world, and whose
fifty millions of well-compacted
and homogeneous population will
be seventy millions by the time
the next census is taken. Ger
many already repents Of her stupid
demonetization of silver. This fool
ish departure was taken at the in
stance of the Prince of Blood and
Iron, Bismarck, who knows about
as much of finance as q COW does of
algebra. How much Germany
has suffered since the Franco-Prus-
sian war and Bismarck's absurd
silver demonetizing vagaries is
shown by the fact that the German
contribution to our immigrant to-
tai now exceeds that of Ireland. Bis
marck, when he demonetized sill
yer, set in motion current against
the North German E npire which
Is really depopulating that region
Of its best element. 1t is
useless to refer the Wholesale
deportation of the German peo-
pie to the rigid military sys-
tenn prevalent in the Germanic
confederation, because that sys-
tenn was just as unsparing ten
years ago as it is to-day. The real
solution OF the misery current In
that Empire nowadays is referable
to the yielding of its statesmen to
the single standard idea. The men
who hold the bonds and debent-
ures of the nation, in Germany as
In the United States, desire to es-
tablieh single standard in order
that they may draw still more
tightly the lines which make the
masses bewers of wood and draw
ers of water to the capitalist few.
II they can succeed in curtailing
the medium Of payment of the sew
eral national public debts, just in
that ratio do they increase the
purchasing power of the gold
which they would receive in Inter-
est payments on their bonds. Asa
matter of fact, could silver be to-
tally excluded from the currency
applicable to the payment of the
interest of the public debts of the
world, the value of the bonds of
the principal debtor nations would
be enhanced at least threshold.
The conspiracy is a dirty and de-
testable one. It would psralyze
silver mining all over the world,
il successful, and it would justify
reputation and even revolution.
Let the haw-haw British gold
toadies in the United States inter-
NIT their campaign Of plumber of
the people or they will find them
selves face to face with a social
convulsion that will assume the
magnitude Of a cataclysm that
would surely sweep financial bar
naoles and parasites to the bottom
Of the deep blue sea. If the eager
politicians only knew It, right
here, aud around the monopoly
propositions, are to be found the
rallying cries Of the future. The
United States demands, and will
compel to be conceded, it's right to
dig the precious metals out OF the
bowels OF the earth. Those who
stand In the wuy OF this whole
some national propaganda will
simply be overwhelmed.