Daily Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1876-1884, 1883-04-17
SILVER IS KING.
1t is Sought for by NIL Nations-It
Regulates the Volume OF Curren-
cy, Prevents Panics and Promotes
Industry and Honest Labor.

Industry ana Honest LABOR.
1t is time that the people of the State
and the entire West, should awake tt
their true interest and stand by the sill
yer interest to the end Of the chapter
The production of silver is the sheet
anchor Of the prosperity Of the Pacific
Coast. From the day of the remone,iz
ing of silver to the present, the great
West and the whole country, has pros
pered MS 1t never prospered before. Sill
yer can be produced in all the western
country beyond the Tooth degree OF
west longitude and its steady coinage has
given the people money that was inn
perishable, made currency abundant and
prevented cornering of the circulating
medium and put stop to money panics.
II gives the miner the coin OF the Union
for his labor in the rocks and mountains
which no Wall street spectators can
take away. 1t supplies increased cur
rency for the people and takes away all
the foundation OF the Greenback party,
which was founded on the idea of an ex-
pansion of the currency as fast as the
wants of the people required. Southern
California and Arizona can supply
silver enough to furnish the nation with
currency without small bills in bank
notes or greenbacks. Silver is now the
great balance wheel Of the financial ma
chinery of the nation. The Secretary Of
the Treasury has deceived the people
continually in regard to silver. He rep.
resents to the nation that silver is &C.
cumulating in the treasury and recon.
mends that no more standard dollars be
coined. He is a fraud of the first mag
nitude and can be seen by the naked
eye. He reports hundred million sill
yer dollars on hand. But he has no
such amount. Against this hundred m l.
lions Of silver he has sold silver drafts
for over 70, 900, 900 and taken his pay in
gold, so that he could only show $780,.
600, 900 in silver that belonged to the
Government. He tries to make people
believe that no silver is wanted for cur
rency, and has made even great journals
like the New York Herald, report that
the standard dollar was a useless coin.
Such stuff may for time blind the eyes
of the Atlantic journals. bat it has no
such effect in California.
Silver dollars have always been in de-
mand and always will be as long as they
are a legal tender. During the SIX
months ending January !, 1888, the Gov
eminent coined sl2. 600, 900 in standard
dollars, and in the same time paid out
sl4, 900. 600 Of this cein. That fact the
old granny in the Treasury Department
ignores, but the people of California can
not be fooled by his unsupported state
ments. The world wants silver more
than gold. The shipments of specie
from the ports Of New York and San
Francisco show what the nations want.
The shipments OF specie from New
York for the last week in March were
$3.50, 700, all of which were in silver.
For tho months OF january. February
and March, the shipments Of specie
from New York were "a, 466, 6l0, of
which only 800, $50 were in gold. From
San Francisco the shipments were
hundred to one in the ratio of silver to
gold. Does this show that the people
do not want silver? Does it not show
that the people do want silver, and a
great deal of it. There is no demand
for small gold at the mint, and for the
past month there has been no gold coined
but double eagles. The demands of
business will regulate the currency. The
people want $50 pieces in gold. and sill
yer dollars and smaller silver for other
currency, but they do not ask for any
small bills in paper money. What they
do want is free coinage Of silver to take
the place Of greenback currency and the
paper fractional currency. that is daily
being destroyed by fire, food and other
accidents. Our land is full of silver
from the Pacific to the Missouri and the
Arkansas, and the people will produce
it in abundance to supply the demands
for shipment. for currency and for use
in che mechanic arts.
We need reduction works in Los An
geles and mint The Carson mint
should be removed to Los Angeles,
which is the great financial center of
the Southwest, where the bullion OF
Southern California. Arizona, Southern
Nevada, Western New Mexico. Sonora
and Chihuahua will center, and here
should be the necessary conveniences
for refining and coming the same. The
people Of Los Angeles and all the Pacific
coast demand the free coinage of silver
bullion. Such q measure would do
away with all money pressures, for the
people Of our opulent mining country
can produce the bullion to exchange for
coin and prevent any scarcity of money.
1t is but right and just that they should
have this privilege and be on the same
footing as the producers of gold bullion.
Silver is now q solid, steady, increasing
product, of Southern California, and all
the great southwestern country, the
very metal that the nation requires to
exchange for sugar, drugs, dyes, teas,
coffee, silk and lumber, and should have
an even chance with other metals. Iron,
lead, copper and quicksilver are pro-
tected by the government, and gold is
coined free, then why not give silver an
equal chance in the economy of the
nation, Los Angeles is now the only
large city near the center of silver pro-
duction beyond the Rocky Mountains,
and should wake up to the importance
of this great interest, which is destined
to make this city the financial center of
vast empire and pour wealth into the
laps OF her people. We are now in the
morning-time of success. and on the
Threshold of great opportunities, and
should make no mistakes. All parties
must unite on our industrial interests
and whatever official stands in the way