The herald., 1896-10-20
CALABASAS.
Speakers Discuss the Local and Ma
tional Campaign Issues.

CALABASAS, Oct. 19.-The citizens
Of Calabasas assembled to the number
of about 200 on Saturday night to hear
politics discussed.
N. M. Richardson, Populist, called
the meeting to order, and Mr.. Patter-
son, a Silver Republican, was elected
chairman. and in short speech gave
his reasons for supporting William j.
Bryan for president. The Republican
party had taught him bimetallism, and
1t was impossible for him to go to bed
q silver man and get up in the morning
an advocate of the English gold stand
ard, as did the Republican delegates
from California to the st. Louis con-
Yention.
James Hanley, union candidate for
supervisor of this district, was intro
duced and made a short talk, combining
himself to the duties and responsible
ties Of the Office to which he desired to
succeed himself. Mr.. Hanley is very
popular in this section, having done
good, substantial work on the roads,
which had been grossly neglected by his
predecessors.
s. A. Waldron, candidate for the leg
islature from the Seventy fifth assembly
district, made a logical and comprehen-
sive speech on the national issues. He
confined himself mostly to the flee
coinage of silver. He said the money
question was as easily understood as
the laws Of trade governing the price
of products. Any farmer who raises
hay for market can give good reason
for the rise or fall In the price of hay.
When the gates of heaven are opened
wide and the rain descends in torrents
and causes the grass, clover and grain
to grow luxuriantly, the farmer knows
there will be big crop Of hay, and low
prices are sure to follow. In dry year
he knows the supply Of hay will be in
the price of hay Will surely go up. By
this simple illustration you see the law
of supply ard demand governs the price
of all products.
The same law of supply and demand
governs the value of dollars. Every in
crease in the number of dollars will de :
crease the value of each one, and every
decrease in the number of dollars will
increase the value of every dollar left.
The opening of the doors of the mints
to the free coinage of silver will give
us more money. 1t will increase the
number of primary dollars and lessen
their value in exactly the same ratio
that the volume in INCREASED, and will
be followed in proportional rise in
the price of all products and property
The object to be attained by the de-
monetiZation of silver was to decrease
the number of dollars on the market,
and that would result in the Increased
value of money and corresponding fall
in the price of products and labor.
The increased value of the dollar has
also increased the value of every dol
lar named in every mortgage on the
homes of the people. 1t has also dou-
bed the value of every school bond.
city bond county bond, state bond, ma
tional bond, and all corporation bonds.
1t was no less a crime and fraud to
double the value of the dollar by the de
monetization Of silver than it would be
to double the size of the bushel measure,
after contract had been made to pay
bushel measure.
Judge Wilson of San Francisco
closed the meeting by strong appeal
to stand for patriotism in this crisis
instead Of party.