Los Angeles daily herald., 1884-12-18

/ AEHAffMFfi a NNtftHN EtfH -" SIS tNNAiA
what the object o. The meeting Is y h
called by The Board Of Trade, aud an inyiia
ton has been exlsnded 70 the ciiiAens In
general % at.end tonight The meeting "a
to be addressed on the silver question b.,
one Of our prominen, citizens, .. ,. Lynch,
gs1 You wiz nos be kfatised hy hesrins
that genllemans exposition o. tbet goes.
lion. Mr lynch. gentlemen fAppiause
M D. -. LYseBs ABpnE1s
" CAailIa1a. Genfiemss 81 ne B5ord 81
/ fzads, Feii5r tifi-ens This Is an ocoaalon
Of which may be permitted to remark that
the audience should be weighed not
counted see before me representatives, OF
the intelligence, the wealth, the progressive
spirit Tie indonitablc perseverance,. which
have made Los angeles In few years a
point Of note. not only eoRbissnt on This
coast but On the Atlantic coast. aud "a the
| intermediate region. not only upon 'his con
tinent hut on tne continent Of Europe,
/ Pamphlets by the millions e. day arc being
/ circulated In Europe devoted tfry lorgely 20
I Getting forth The very promising atraotions
/ which Los Angeles oouusYi Southern Cal.
/ ffornia, aud California ~ large hold OUT to
every class oi people on this earth--f0 the
wealthy, ~ the poor 20 the valetudinafian,
l 70 the strong, ~ tho eutarprising, aud even
/ to those Who have made ap their minds 70
| york 40 more on this earth. for them there
| are claims 81 Tho foles jar aieaie character
| that are. perhaps disRstrausiy fbui rather
] think NOD, peoyiing our beAuilinl valley
with a Glass Of persons who come here
merely 70 exist called here b the over
shadowlne attractions o. this climate,
| which are not paraiieied elsewhere on the
face q the Earth unless Nice, Meuione. aud
a portion o. the coast Of Africa be tho ex
ceptiuns
1HK IMroarAroE oY Our sIstso ivrsHAArs.
hut, gentlemen, ! am not called hero 70
/ pass any paneKyrio upon lbs Angeles; al
| though design u take for this county, and
/ this State, and this section, high grounds.
| believe that we arc to-day the center Of a
| region which VIII very soon Be sovereign
| state ~ the Union. We are increasing IN
| population Al rste which has not been
| nfaird by any ci'y In our history In the
/ United states, which hsd obtained the pop
| NATION thst We were credited with by tho
i last Bui.ed States census, unless Kansas
| gity ba the exception, aud Chicago IN the
early dags hack of this town. county and
| section there ~ an imperial region In ex.
tent, imperial, believe. IN. wealth. Baron
| Humboldt who 10 accepted Ms very high
authority on MI seientihc questions and ali
| physical questions, saya the wealth OF
| The world Is one day % be found
there. As IL Is, we are nov
rusrkable degree Of wealth, Of awsaiih the
| extent OF which think IS not fully realized
I ~ many 81 our own people. III this cohnec.
! ton. the mining OF the precious metalf--
| witch constitutes q large part Of that wealth
becomes leading Interest. and silver,
/ being the share in which the precious met
| ais are most available in this section, ncccs.
sarily comes Va for great deal Of our atten-
ton I believe that some day a very great
and thriving trade Wal spring up slmost
commemorate With that of San Franelaen,
| Ia los Angeles, ~ the result 81 the silver
measures with which this whole section,
ffnm AlatkA 90 the 1uif Of Mexico, iHin great
This siiyer interest has hsen attacked for
many years. The last form OF this hostility
| WIS contained ia the message Of President
| Arthur cordially q proving the suggestion
| Of Secretary McCuiloch who recommends
| tho cessation OF the coinage OF the standard
! silver dollar, In peasant Il might be well
| 70 remark Of this same Hugh Meculloeh that
his history has been exceedingly unpleasant
to any lover of his country. + was charac-
tsrlzed by bis drawing In aud burning green
/ backs to admit of the emission OF National
Bank notes u mean noreheetion on the hon
We were paying 70 interest on these green
/ backs we were paying interest on the Ma
/ tional Bank notes, and 10 that extent think
| Mr.. MoCuIoch developed the same hostility
| 10 recommending the cessation ofthe coinage
! Of the standard dollar. Whit that cessation
means we AL know Il means the dcpres.
sion Of silver mining. already greatly de.
pressed b the great distence which sepa.
| rates the value Of silver to-day from It's par
| value as osta biished even As late % eleven
yeara age THAT dcclsnsien was one ni the
| most marked things Ia the history u the
/ hnaueial world because II embraced the
| Whole world. In my judgment, It was the
/ result Of conspiracy, as wen defined as
/ any conspiracy that WIS ever connected
upon this earth. Il was the device " people
/ OF dxed incomes, Who wanted % buy az
| much with their incomes As they could II
was tho device, besides, OF people who
| wanted 20 be able TO force periodical con
/ vulaions, through the operation OF which
they could buy up the material interests Of
/ THIS country az auction, and buy thcm nt
their own figures
| ORGANIZED Conspiracy AGAINST SILVER
That conspiracy began as far back rs 1868,
| hut Il took It's mort insidiuus aud destruc'
/ tive form, through the agency OF Mr.. John
! sherman, ~ the time n Senator pi the
! United states q hill making the interest
| on the United States bonds payable 10 gold
/ coin--W lille as Mr.. thaddeus Stevens had
painted out, Il was really payable IN lawful
money OF the United States greenbacks and
silver as well rs sold-was the trsi blow
/ struck az our silver Interests.
To show how complete a conspiracy 70
/ was. when the dccicnsl9n Of silver began,
/ you. especially you gentlemen concerned
1 with finance, remember how rapidly u ran
down tho scale. q shall read several passa.
| gss from standard authority which VIII
i show the exact rate at which Il did decline
/ That conspiracy had been carefully planned,
There Is no pretense that ths interest On ne
| was not payable in lawful money " the
| United liatg5 TO the extent In which twas,
| that validated greeuhaoks and silver and
| increased their estimation AZ the desks Of
the cashiers OF banks and amongst the pco.
The progress Of the conspiracy was very
! rapidly shown; and, by the way, a. have
inveighed against President Arthur with
/ FnFbnp. fo fftafVefA az
| some Republicans, / shall now proceed 10
| pay as energetic and cordial a compliment
| NJ lies in my power 10 i Republican. al
! lnde to the Hon. John L. Jones, 90 whom
/ this State aud this county aud this section
( nave been more Indebted, III my Judgment,
( in the last ten years than @ any man ia The
! nation. Thai gentleman initiated legisiR
! ton IA Congress which resulted ia INC az
/ pninunent Of aseuatorial gommlssion whose
| duty II was 20 Investigate this whole matter
/ Of silver, and to inquire tuto The causes 81
| It's demuneiigatin it consisted 81 John 2
I Jones, a. chairman, Lewis y Hqgy Geo. )
! Boutwell, Randall Il Gibson ana other emil
nent gentlemen o. both parties They APE
4 piled great industry TO their work and thcif
| report. issued Ia 1877, embrace m amount Of
1 research and u take the liberty Of
! sHyingl wisdom, that is not compressed ia
| any other volume with which ! an &C
I qnainfed Ia She discussion Of the silver
/ question concerning the fluctuations, this
frhe adctnatlons in the relative market
rBlue OF gold End silver were nnlmportant
, 5uring tho present century until 1876, When
| the German nud American laws " demone.
| tie Vsr we're enacted The delcfmiua.
| ton oi Germany ~ enact such law had
/ been pre- yiousiy announced by the decree %
| December a. lhli, end the American move
| eHts 10 the same END. which seem 20 have
/ been hettef understood tn EUROPE than N
| 1865.
regard Tint expression. which seem 10
I have been better underwood ia Europe than
! iH this country as very significant ~
] other words the word WIS passed to Us nom
! London what We were % do aud the peCul-
| la Gisse Of men who then controlled the
/ finances Of the United states, who did "a
! during tho whole Of the administration OF
/ Mr. Hayes, who have done 50 through the
! whole administration Of Mr.. Arthur, did
/ their work only too well. They responded
/ % the beck and call
| THIS report goes on 70 say THE gcncml
! money system Of Europe had been That OF
/ the double standard uatu 1878. The conspio
/ udrs exceptions were Holland, etc. Pee.
/ eeediug 20 give resume Of the muvemen.
/ In the line 81 decentralization, which need
! not read To full
AviEiiNous lEstsf TIVE for
The second step In this country 10 the de-
/ monedKatou OF silver comprised ns big q
/ vlgainy as was Che enactment Of John kbar-
I man, or thC one illheree bY John sherman,
| which made che Interest en- The hQuded leb,
az the ANlteN otHtt' NAl AAtE tA SUN AtHilt
/ This report proceeded. sIhg dem0ncfi7a-
I tion OF silver, coined and uuc1iued, Wa
{ Automatically completed in June, 1871, hf Che
I following section 1856 Of the Revised stat
{ rites. Tho silver coins 81 the lited sfaies
I shah be q legal teuder 70 their nominal
/ value for auy amount not exceeding hve dol
( lars 10 any one payment
No lag was ever passed by Congress ~
! which this language can be considered re-
/ VISION.
The Revised Statutes were enacted IN
7 bulk Thcy wors Intended 20 he q revision
( merely Of Che existing laws without chung
I 1rthe iulrod ueliun ui neW matter. aud Con
/ Hres WA asgured by Ifs Committee on Re-
I vision That l0 new mattar had beeu intro
{ dUcsd into them. tt WIS not possible Tor ihl
/ members % She committee 20 have person
I alIv verified the exact accuracy OF sue 10
! vision. Th1g pust necessarily have relied
/ upon assurances given 90 them by inc per
! sons aetnauy engaged n ihe work Who
{ ever may be responsible idf this error In tht
Eeyiaed statutes the ancient mouey Of The
I country, instead 81 netne intentionally leg
isletet out oi e1lieure by Cahgrosa, was re-
Vista out OF existence. y
Fa- d. a.f