Los Angeles daily herald. [microfilm reel] (Los Angeles [Calif.]) 1884-1890, 1884-12-24

The los angeles board of Trade has voted
| - isase E call fos n 2tsfQ silver Convention
g mefi IN that oily 81 Az cafiydsY. 40 q
upon Invitation. delivered an able addirss
/ apah the present. ssHtsE ~ silver Eud the n
tefesi worked mp proved 20 great that d was
Secretary Hecuiiochs fcpuri. IN which I'd
feealnmended The Temporary disrpnunh
ange q the eolnege % silver. has excited the
friends 81 himetalisin, from a fear that the
.enE threatan ned repeal q ne blant co,nfye
| Law may Re Al last accomplished this uinlGf.
We do net share the fear. not believing
| that she sentiment VI t1nRrrss 70 In favor 81
such acAani sni duuuinF, even N u were,
aaeiheg hiii 70 W much Impotence could
| be passed u thi ahqfi aud buried session
Secretary detuiloch ~ not helf 81 much hn
enemy t. silver az some Of ~ ffiend- ieei
thar he il. He favOrs Tie retirement 81
gfgenhaehs and bank notes ~ smaller Dc
nominations than dvo dollars. IN order 70
extend the use u silver III small trnnsac
ms. aud he haaes his recon mondaiiOn far
me suspension " coinage on zoe hypothe
tofstian u silver 70 IA equal Place With
enit "a she currency " the W0rlH sil
yer adVocatea seem generally % bellows ihu
1eGHlioeh 4 hypochtoai In This rrelehfe,
snd that 10 is realy opposed 70 snyer
though they can awe 90 probable efpianf-
ton Nhy, Z he IL 10 he should have M NO
recommendation 10 much VI the Interest uf
silver e. the Nlihdrawal ~ mites az small
AEIatHtH EliUIHl ~ fH Nftt I'd NlNt tNh HtrINH
tart Of tho Treasury credit iuf flurcrity OF
pnfpese, sud if would b Well moi Ia let ihif
discussion be dishHurcd hy abuse or in.
peHchueni - Iaotifes ~ fhe Ntlirf side @
LIE cpnirpYersy. Calling the parties who
favor fhs suspension VI silver rolnlxc gold
huge and ienonhcing their movement as
Hda4pifaey, VIII not heip tue calsc oi none
tafY reform. fhis 4 TOO important qile4
lion 70 be dagt tded by sHcil hrlittiing Tao
The dFia Is opposed % The repcil Of tho
law fof the eaibage nf silver duinrs but n
does mol cuufEe epery prrsnu VINO ~ / 1ifs
ferent opinion Win being 80 enemy 70 81.
VET = lEspiiects ihHt sume % lne best
friends d silver money mcu Ike Nurai
HalElaaa u thu Cincinnati IoInmtrridL mud
Congressman " D. Kelley both Of whom
were prominent IN securing the ennctmeut
% the aw~iaYQf Temporary repeal and this
pepper does not supeot thrm Of di1honesty
IL the proposal They look AZ the qneStian
III this way u the Oiriied states enlus sii-
yer { vii require less gold Than ID II did
not that prevents Fnid from cniniup here
from Europe ID a. large amounts rs u
otherwise would, aud Consequently Great
Rritain, France. 9efmanyi Italy, aud other
countries are made easy about the stue Of
theif gold reserve So long ~ ihr United
states is willing 10 Hssume the burden of
maintaining ihe value 81 SILVER thrg are
willing she should dGit without tnnir gskisi
anee hut Il tha United States should decline
thr responsibility and begin drawing uR fhe
gold reserve 81 those ACTIONS, they would be-
come alarmed for the future OF their rtr.
reuee and recognize ihc adyi.ablllty VI net
lag IN concert with the United HtNtes lgf tho
restoration OF silver Thittheruis somet4iiur
in this view itiaifaciuss go deuy. There snat
gold enough III The world ~ sctteas thc sole
medium % eSrbause without an enormous
eantfaeiiea Of vaiucs, amt ~ sfct q thiug
should be attempted NO counirie would D.
freHter sufferers titnn the siugln,staudnra
countries, like Gregt britain aud Germany.
Those countries afe not opposed in silver ln
tho saBau t9ai they want ID aou u 80 into
fisuse ~ money ,dl over the world. They
are strongly in inNcr Of other countries using
silver. while thaY Them telycs employ gold.
and II fig only on these terms that they can
reatrlet themselves ~ ono metal and ger
enough % il fur the demands Of commerce.
IS last fUtaii lhete would be nothing 70
sure t. bring he munnmetallic countries 70
terms as tha silapensiun ~ Tho coinage Of
silver all ever tho world But " the present
tina these extreme measures aru probably
non necnsgary, because much less rersnasive
Arguments Will autiirr 10 seour0 TIE CO. micr
aiion af European governmental IA silver
restoring movement Nothing more than an
inpihttoa from the Omitted statcs would he
necessary Tor the holding % another none
ttrY conference. With She participation Of
all the first class Powers, md We hope Con
ggess viii not adiuuru without requesting
the Presiaentta cali such Conference.
ON the theory that almost any discussion
Is enliEhtenius the proposed silver cqnven-
ton In this State Is worthy oi favor and ID
will be daublY probable n it - devoted To
The discussion AZ The real principles of the
subject and HOl 20 silly ahaseo OF bankers and
gold bugs 4 fool can always defeat a
good eause by his mRnner Of advocating 10,
ri Alta