Los Angeles herald., 1891-05-25

s'The Cincinnati platform OF the 60
called Peoples party is made up of pal
liatives," said speaker at the Socialist
gathering in Tuin Verein hall yesterday
afternoon. "All true Socialists are OPP
posed to thus dallying with the great
questions of the day and SO prolonging
our misery. The handiwork of the cap
italist was to be seen in that convention.
1t was manipulated by Leland Stanford,
the most corrupt politician on the coast,
and you can depend upon what | say,
he will be the candidate of this party
for president"
There was only small gathering pres
ent when J. Neubauer raped for order.
The meeting was opened by piano solo,
and then, without further preliminaries,
Nj Judah took the floor to speak about
the money system and its iniouities.
He said: "Thet Cincinnati convention
set up a demand for cheap money.
They offer to mortgage real estate and
'imperishable security whatever that
is, to the government in return for loans.
What an absurd fallacyl The rich man
who owns vast quantities of land has
Just as good right to borrow from the
government as the poor farmer. He can
offer his many acres as the basis for a
loan and get millions at two per cent.
But what OF the artisan and workman of
the cities? These men own no land and
cannot reap the benefits OF this govern
ment loan bill. What will they do7
I'll tell you. They will go to their
neighbor, the rich landed proprietor,
and say: Have you enough confidence
in me to loan me $5002' The rich man
will say: Yes if the artisan can get
two of his friends to indorse his note,
and he will then get the $500--at eight
per cent interest! And the rich man will
reap the benefit.
'When this Cincinnati convention
was called, felt hurt that the Socialists
were not asked to participate. But
am glad now that we did not send
delegate to take part in their delibera-
everything, and have displayed abso-
lists agree with their platform in only
one particular-the issue OF money
direct to the people without the inter-
vention of national banks. There were
lobbyists in that convention and capital
behind it." The speaker went on to
tell how the conservative action of the
banks saved panic in Los Angeles dur
ing the recent business depression.
''But," said he, "they knew what they
were doing. A certain bank in Los An
geles is now buying all the country
mortgages it can get at ~ per cent.
month. They know that there will be
a demand for acre property, and they
are preparing for squeeze"
After more music j. @. Schnable took
the floor to speak about cheap money,
the Peoples party and the 2 per cent
loan BILL s'The Cincinnati convention,"
he said, lis fizzle. 1t would be pollu-
tion for the socialists to have anything
to do with the Peoples party. But we
will not oppose it. They are taking
step in the right direction and we should
not throw anything in their path. They
will nomidate Leland Stanford. He is
the originator of the 2 per cent loan
they have endorsed it and the two will
pull together nicely. A saw copy of q
Nationalist paper recently-the Las
Vegas American Northumberland they
have at the head of their columns for
president, John ]. Ingalls, of Kansas;
for vice-president, Leland Stanford of
CALIFORNIA; pretty combination We
all know that Stanford is one OF the
most corrupt politicians in the country
and that the recent election in this state
was carried for the Republicans by the
use of his sack.'
Here the speaker read an
address by HI. G. Will
shire, who recently figured prominently
in Los Angeles Socialistic circles, en-
titled: Why American Workmen Should
be Socialists, which he interspersed
with comments of his own. "The
Socialists" he said, "are peace party.
They intend to bring about these re-
forms by peaceable means, but if people
will not listen to reason if the capital
lists are not open to conviction, we will
use force-the starving workingmen
must have bread"
Someone wanted to know who the
Socialists were to vote for. If the Demo- !
cratic and Republican and PEOPLES |
party We're all following wrong princi-
pies, who should the Socialists support
Tor president? Mr.. Schnable assured
The questioner that the Socialist labor
party would have it's own candidate in
,he field for president in 1892, and after
! short business session and more music
he meeting adjourned.