Los Angeles daily herald., 1886-01-07

"a
A great struggle is imminent in the
Senate OF the United States on the
silver question. The gold-bug' OF
New York are rallying all their forces
for death grapple in which they
hope 10 be able to prostrate the
debtor and laboring classes. Yield
ing 10 his instincts OF statesmansiip,
aud TO his generous temperament,
Senator Eyarts, after listening TO
Beck's magnificent effort on the sill
yer question, exclaimed that the Ken
tucky Senator was right; and that
he fEvarts) would follow shortly in u
speech of similar import. Every
effort under heaven is now being
made to induce MIR. Evarts TO recon
slider his determination and withhold
his weighty endorsement Of Beck's
absolutely unanswerable argument.
Every gold-bug is plying him either
with letters or kilograms to induce
him 10 abandon his championship oi
the rights and interests Of the masses.
Doubtless during his recent visit to
New York at the Holiday recess per
sonal solicitations of an exigent ma
ture- were added TO these appeals.
The HERALD cannot forbear cherish
ing lively hope that all these frantic
efforts will prove 10 have been
wasted, and that Evarts will stick TO
his better judgment and patriotic inn
pulses. But whether he should do
NO or no, and whether or no the Sem
ate shall stand with the people on
this question, in the House OF Repre-
sentatives there is genuine Gibral-
tar OF strength for the silver interests
OF the Pacific Coast and for the great
majority who owe dollar here
and there, and who do not wish
TO be compelled to render a
couple Of dollars worth of work
or commodities TO pay it, The Bland
bill will remain ON the statute books,
and the standard dollar of the Faith
ers will still circulate amongst the
people, and be available for the pay
ment OF all debts, public and private.
The day has gone by when New York
can rule the United States. The seat
Of empire will In the future be in the
Mississippi valley, and the great
Northwestern and Southwestern
States will give the law for the United
States hereafter. Happily this whole
region is practically unanimous on
the question of an honest and abun-
dant currency. The circulation oI
to-day is fully one hundred millions
of dollars less in volume than II wat
four years ago, although our popula'
tion is now easily five millions greater
than il was then This fact explains
the era of business depre ssion and
shrinkage of values through which
we have Just passed. The attempt
TO still further contract the volume ol
circulation will be beaten decisively
but il is ON all grounds desirable that
it should be beaten at once. OF all
things this is case where the Shak'
spearean apholism, "lf 'twere done
when It's done, then 'twere well il
were done quickly" applies with
overwhelming force. The sooner
our business men know jast what is
ahead for them the sooner will the
rising tide Of prosperity which the
material condition of the country JUS
titles reach the food. With abund-
ance OF money and a fair and conye-
nient medium for the payment oi
debts--a medium which shall equita-
bly, respond to the circumstances un-
der which the debt was contracted
there can be doubt of the prosperous
days ahead. The sooner the gold
bugs Of both houses of Congress shall
talk themselves out the sooner will
come that decisive vote which will
defeat one of the most infamous and
subtle censpiracies known in the
whole history of public finance.