Daily Los Angeles herald., 1884-07-19
that the liberty q the individual esass,

that the liberty Of the individual ceases
where the rights Of society begin.
The Speople Of the United States.
though often urged and tempted, have
never seriously contemplated the recog-
milton Of any other money than gold and
silver, and currency directly convertible
into them. They will not do SO under
any necessity less pressing than that Of
desperate war.
The public land. The strength of the
republic Is increased by the multiplied
ton OF landholders. Our laws should
look TO the iudicinus encouragement Of
actual settlers ON tho public domain.
While IL should heneeforth be held as a
cred trust for the benefit Of those seek
ing homes. the tendency to consolidate
large tracts of land in the ownership of
individuals or corporations should. with
proper regard to vested rights, be dis
couraged.
Among our national interests one
languislies, the foreign carrying trade.
1t was seriously crippled in our civil
war and another blow was given to 1t in
the general substitution OF steam for
sailing vessels in ocean traffic. A law
Just enacted removes some OF the bur-
lens upon our navigation and inspires
the hope that this great interest may at
last receive its due share OF o..
teniion, All efforts In this di.
rection should receive encouragement.
This survey Of our condition as
natl n, reminds US that ma
tsrial prosperity does not tend to
preserve the liberty OF the people. A
free ballot Is the safeguard of republican
institutions, without which no national
elfare is assured. He who eorrupts
the suffrage strikes at the very root OF
free government.
Concluding, he says: II is good land
which the Lord our God doth give us.
Tut we can maintain our heritage only
by guarding with vigilance the source
Of popular power.
/ am, with great respect, your obe-
dient servant.
tsigned), JAMES @. BLAINE.
Grant Il Ward Examination.
New YORK. July lS.--In the Grant &
Watd examination to-day, ex-senator
Chsifee testified til /. in April, 1883, he
loaned the firm OF Grant l. Ward 500,
600 U. s. bonds. and in October he loan
ed them $500, 900. He also loaned them
1926. 900 in West Virginia Central and
Pittsburgh Railroad bonds. The govern
ments were worth from % to % per
cent. premium. There was no market for
the other bonds, but they sold at
par and interest up, six per cent. At
the time Of the loan. the bonds were in
box with U. \. Grant, Jr. He left
them there for safe keeping. U. s.
Grant, Jr, had asked him to loan them
to the firm. as they had not as much
money as they required. Mr.. Ward, he
thought, had afterwards told him that
the money obtained on the bonds was
loaned to men who had large railroad
bonds contrast and " ould pay handsome
profits. He vas to receive half the
pr, fits made from The uso of his money.
Altogether ho bad drawn about $40, 900
rs his share of profits. Chaffee said he
had no written evidence of the transac
ton as far ms the loans were concernedo
MonOrs TO Governor Cleveland.
PouGHKEEpsIE, N. Y, July l8.-Gov.
Cleyel md and staff visited the State En-.
campment to-day. and was received with
a salute Of twenty-one guns. AT Gen.
Wiley's the Governor gave q reception
to crowds of visitors.