The herald., 1896-09-03
.NEWSNOTESF FROM PASADENA
Regular Meeting Of the Bryan
Silver Club
THE REPUBLICAN WIGWAM
Also Filled With 0ratory by G. o. P
Supporters
The REPUBLICAN WIGWAM
Migrants Arrested-soclal Doings and
General News Brevitles

PASADENA, Sept. 2.-The Bryan
club held an enthusiastic meeting this
evening at the Wigwam. There was a
good attendance at the Republican
Wigwam on Union street last evening,
and speeches were made by G. H. Cof-
nm Of this city and D. e. Mckinley OF
Santa Rosa.
Mr.. Comm likened the America Of Lin
coin to tho America Of Harrison, as
both being progressive epochs in 'our
history. Under Harrison, he said was
the greatest prosperity we had known.
The question vital to liberty in the Unit
ed States had been settled, and every
thing gave way to the desire for self
government. We are now again in peril
and momentous question is again for
US to decide.
The orator attacked the silverites and
quoted from Senator Stewards speech
in 1874 Senators Jones and Stewart
were for gold until the state of affairs
in Nevada made the market value of
silver below the ratio Of 16 to 1. and they
could not sell their silver. Today they
are following Bryan. He believed that
maintenance Of government and the
enforcement of the laws. The result of
President Cleveland's administration Is
q debt Of $3.50, ,000, 900. We must have a
Just tariff to remedy this, protection for
our home industries, etc. The speaker
adjured all to vote for William McKin-
ley Of Ohio.
D. e. McKinlay said that the Republi-
cans would sweep the plains under the
standard Of sound money and protec-
ton. There is no ambiguity in the Re-
publican platform. Grover Cleveland's
The Republican party Is for protection.
Mr.. McKinlay made a clear statement
. of the silver question according to his
point of view, and explained the causes
Of the present cheapness Of silver as
compared with its value in 1873. He
said that silver was not stricken down
in an hour as the Populists and Demo-
Gratis represent but only after careful
consideration by experts and statesmen
did the demonetization take place. De-
Is the cause of the present status. Free
silver men say that prosperity will fol-
low free coinage. We can command the
trade Of foreign nations. The speaker
said that this would not be the case,
as with free silver coinage foreign
money would not be at a discounts new
ertheless. 1t would sbe necessary to
charge twice as much for the goods to
foreign buyers.
The hall was croded to overfiowing.
The chief speaker was Judge A. j. Ut
ley Of Los Angeles. There was quite
and Judge Utley, in opening, said he
was glad to note their presence and
hoped it would not be long till they had
q voice in the affairs of the country,
through the medium Of the ballot box.
This sentiment was loudly applauded.
.INdNo I1flov aQfd the ohieCt of fho
leaders Of the gold bugs was to so force
up the value of gold that It would be
necessary for man to do twice as much
work to pay a certain debt as formerly.
over $500, 100000 Of gold coined. 1t is
safe to say that If gold were demone-
tized-no longer coined as money-23
grains Of It would be worth perhaps 10
cents instead Of dollar. The argu-
ment for gold as money on account
of it's intrinsic value is fallacious. The
stereotyped phrase has it that If we
adopt free coinage "the United States
will become the dumping ground for the
silver of the world" If we receive sill
yer and pay for 1t $1.29 per ounce, it
will be worth $1.29 per ounce in other
tion to this country. While it is true
that you cannot legislate value into
thing, 1t Is also true that you can, by
legislation, create a demand for 1t.
All the silver coined in the world foots
up to $4.o42. 900. which. il it were all
in this country, would give only $53
per capita. think could take care Of
958 myself, and probably not a man in
this hall but could manage to take care
Of that much.
Silver has not fallen in value as meas
ured by commodities, but gold has risen
great deal measured by the same COM
modities. Prof. Laughin, who is profess
sor of political economy in Chicago
university gives few figures in his
text book, from which Judge Utley read,
showing that during the period when
the amount of silver produced was twice
that of gold the ratio between the met
ais was lower than when the relative
amount produced was reversed.
Prof. Walker says that through long
series of years gold has fiuctuated in
common sense that il the two metals are
tied together by both being coined rln-
der a double standard there will be less
fluctuation?
America, producing as she does the
bulk Of the silver and gold OF the world.
value, and for that matter the rest of
the world couldn't help themselves IL
the countries Of North America agreed
upon the matter. If free and unlimited
coinage is extended to both gold and
silver, when the point is reached that
the value of money has fallen to that
point that 1t pays better to raise pro-
ducts than to mine for the precious
metals men will then desert the mines
and go to farming until 1t again pays
better to mine, and in this way the mat
ter Is regulated automatically.
James g. Clark recited his poem,
freedoms Reveille," which created
considerable applause.
A BAD ACCIDENT.
Bruce Rowan, the 16-year-old son Of
George d. Rowan Of Euclid avenue, met
with g very serious accident yesterday
afternoon. In consequence of which 1t is
feared he will be permanently dishsured
HIS lett les wss broken above the ankle