The herald., 1896-11-01

money is being handled. He has been
| betrayed by the council and he ought
to insist, whether by mass-meetine or
| otherwise, upon having a fair deal"
Herald, March 25, 1890, says: Let us
see what the Times (Which now stands
in with this power in its fight with the
people) said March Is, 1880 1.-The money
is at present in banks which are using
1t for their own private gain and profit
free of all interest - The mayor
IN his message exposes the barefaced
character of the conspiracy-for such
1t undoubtedly is-(today this language
| would be denounced as rank anarchy
| in plain, straightforward and vigorous
! manner which cannot fail to carry con-
| viction with it and must be unpleasant
| reading for those who are engaged in
| the plot. A number Of council
! men, in combination with interested out
| side parties, are pushing an injunction
! suit to prevent the action of the council
| from taking effect and the council still
refuses to furnish the city with a safe
| for the city treasurer, thus clearly show
| ing the motives which influence them.
This persistent fight against plain
| constitutional provision of the charter
has been carried on long enough. (Such
| out-spoken language would be now con-
| sidered sedtious.) The citizens are be-
, coming very earnest in their determi-
nation that the interests of the city shall
! not be longer trified with"
The Times March 18, 1880, says:
| But what did the determination of the
citizens amount to? The council re-
| fused to let one of the best safes go into
the vaults of the treasury, although no
| charge whatever was to be made there
for so that the treasurer might have
| an excuse for not putting this money
| In the vaults of the city treasury, when
| not loaned out and drawing interest,
and these conspirators, knowing that
| il the injunction was sustained prevent
ing the treasurer from placing the city
| funds where they would draw interest
for the city, that the want of proper
safe would prevent him from putting
| 1t in the treasury, and they could still
| draw interest on it, and this same pow
| er was strong enough to get into the
vaults Of the city treasury and prohibit
the mayor from putting safe into it.
The same power sits there STILL and
its occupation of the vaults of the city
treasury precludes the placing of any
| safe therein, and there Is none thereyet.
How long this condition of things is to
| continue remains to be seen, but we GER
tainly have the right to call the atten-
tion of the people to it without being
called revolutionists. The following ex-
| tracts from the Times further show the
position of that paper at that time:
| The fight seems to have been turned
| onto the safe again, as the weak point
| OF rings, because when there is safe in
the treasurer's vaults the money will
have to be put there, and, of course,
| every subterfuge will be resorted to to
prevent the treasurer from having a
suitable safe in which to keep the city
moneys, affording thereby an excuse for
| leaving the money where it Is. To say
the least of 1t, the delays in this matter
Justify the action of the mayor in de-
manding report of the committee. The
r So Al
| vent the city from loaning its money,
those instrumental In so doing shall not
profit thereby in loaning the money in
| the meantime. The warfare that is be-
ing waged against the ring banks is such
| that even If their exchequer is enriched
at the expense Of the city, the shady
| character of the transaction will leave
them but little to be proud Of
TT was naturally expected that the
| present council, upon coming into office,
| would at once comply with this very
reasonable and obviously just law (pro-
viding for loaning the city funds). 1t
did not do so. On the contrary it per-
sistently and obstinately ignored the
law. Nay. more; when it's attention
was repeatedly called to it's duty by
the mayor, it treated Mr. Hazards com
munications with undisguised con-
tempt Meantime. the citizens
becoming still more aroused on the sub
~
fide call. receiving several bids.
Then came the question of a bond, and
here the big fight has been made. The
resent 'deadhead controllers of the
cty's money are driven into their last
| ditch and fight desperately before they
surrender what they hold to the just
| demands of the people and the plain
provisions of the law."-Times, March
Z, 1890.
The persistent fight to loan the city
money by the mayor finally succeeded,
and the money was loaned Not, how
ever, until the superior court of the
county had decided that the city had
| right to loan it's own money but these
conspirators, now masquerading before
the people as sound money men, lying
awake nights for fear dishonor will be
brought on our country by the use of
deprecated currency, took the case to
the supreme court and there obtained
a judgment that it was illegal for the
city to loan its own money but there
was nothing Illegal in their loaning
It, and as long as they could occupy
the vaults of the city and prevent the
putting into 1t of safe the money could
not be kept there, and therefore 1t had
to be deposited with them, and they could
loan 1t out on their own account.
In the place of a safe belonging 70
the city being in the treasurer's office
that our funds could be safely placed
therein, we find installed a clerk of the
banks, in their pay and doing their bid :
| ding. No precaution is omitted to pre-
vent our city from loaning it's money
When the city money was loaned out
the city had the best bond that ever
! was executed in the county Of Los An
geles. and after the superior court had
decided that we could loan our money
there was no object in the world in taxi
ing the case to the supreme court, ex-
cept to divert these tens of thousands
of dollars annually from the pockets OF
our people into Sle pockets of these
sound money advocates. Every one of
those who are engaged in preventing
the city from loaning it's money, and all
| those drawing interest on the city bonds
are sound money men, Entrenchei I'd
within the walls of our national treas
ury Is the same power. and it has been
there for the last thirty years. The en-
issaries of Wall and Lombard streets
sit in watch over the millions of our peo-
pies money and manipulate it in their
own interest, and we are powerless to
shake them off so long as the money
power is in control of the executive
office of the government. What impor-
tant principle has ever been promul.
gated from the treasury for years that
has not had the sanction Of Lombard
street? The Morgan Rothschild syndi-
cate has given it due and careful con-
sideration before it has been promul-
gated
OF course we know that many will