The herald., 1896-11-03

tropOlis, but did not know IL cOntalneI
as many people as l see here before me- =
We're all for Bryan" called voice
| in the crowd
IF you are" said the governor, "the
state Is solid enough for Bryan"
The governor then alluded to his hav-
ing kept his promise given before his
election as governor that If elected he
! would give the state an economical
! government and he has done it. Then
he said:
california seemed at one time to so
| strongly favor silver that l never
| thought it would be necessary for me
to go on the stump to champion 1t. The
| Republican and Democratic conventions
at Sacramento both passed resolutions
| favoring free coinage at the ratio OF
| 16 to |. The last legislature of this state
passed resolutions denouncing the de-
| monetization of silver, and instructed
representatives in congress to favor the
| remoretization at a ratio of 10 to l.
| There We're only three dissenting votes
| to that resolution. These legislators
represented all portions of the state,
and they pledged California as state
| and people to favor silver. And now
where are they? California has pledged
| itself to the world that silver would be
| remonetized. and that demonetization
was crime, and in view of this fact
and that both parties in the state have
not give Bryan a big majority it will
be a disgrace. The state favors the free
coinage of silver at the ratio of 16 to /.
and there is only one way for us to
redeem ourselves. and that is to go to
the polls and vote for William j. Bryan
of Nebraska"
The cheering that followed this was
something indescribable, but the tumult
was timely for as soon as he could get
a chance the governor said that like
all other race horses on a mighty course.
he was compelled to speak in heats and
take a rest between.
Looking over the Republican nation
al platform, and considering the duty
owe to my state for its honor. 10. and
behold, I find because of it 7 am an
anarchist. If I am an anarchist then
every man, woman and child in Cali
fornia was an anarchist six months
ago."
The speaker then read from the Re
publican platform that section read
ing:
"All our silver and paper currency
must be maintained at parity with gold,
and we favor all measures designed to
maintain inviolably the obligations of
the United States. and all our money.
whether coin or paper, at the present
standard, the standard of the most en-
lightened nations of the earth
That plank" said the governor. sis
pledge to rob the people out Of $780,
600. 900 Tom Reed
At the mention of this name the audi
ence howled and hssed.
Let Tom alone, he's all right" said
the speaker. where upon some one cried
out INIT" well. anyway" the gov
ernor continued. ''he was the greatest
man in mind and body they could get.
and the Republican party is sorry he
came. He said out here that the word
coin in the United States bonds meant
gold. Reed knew that these bonds We're
not payable in gold coin because in 1878
he was member of congress and at that
time the question came before that body
to determine whether the bonds really
We're payable in gold or silver and a ies-
olution was passed that all the bonds.
principal and interest, at the option of
the government. are payable in silver
dollars Of the standard weight, 1121a
grains.
THAT resolution passed the United
States senate January %. 1878, by vote
of AZ to 20, and passed in the house by
a vote of 1S9 to 80. Tom Reed, then con-
gressman, knew that the bonds were
made payable in silver for he was one
of the eighty nine golGbugs who voted
against it.
"One of the men who voted with the
1S9 has since fallen down before the gol-
ucI cdtl. In 1910 w llllam Mch1nley,
| then a congressman, voted in favor of
the resolution which said that the bonds
We're payable in silver dollars. Now Mr.
Mckinley says the bonds are payable in
gold and John Sherman says so too.
why did Reed say the bonds are pay
able in gold? Because he is helping to
fulfill the pledge of his party that the
bonds will be so paid if Mckinley is
elected, and that means profit for the
n
borrowed $64,000000 from Rothschilds
Belmont and Morgan. They knew what
the bonds are payable in. for the third
paragraph ON them read that the per
cent bonds could, at the option of the
government, be changed to 8 per cents
The bankers agreed to take a smaller
rate of interest if the principal was made
payable in gold. An attempt was made
in congress to substitute per cent gold