The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-08-28

It Is said gold Is more convenient Cor lara
| transactions than silver. True II VIM
limit them, If you limit the people to the use
Of gold and silver literally in their tram
sactions, but gold is not used in large tran
sactons. Either gold used as a deposit
money for which silver or silver certihcatss
are now almost universally used'east of the
Rocky mountains, would be just as good.
Checks are used In place of gold and are
less cumbersome. Silver certificates ara
less cumbersome than either gold or silver.
Gold, they say, is required, whether coined
or uncoined. to pay interna tional balances
| Yes and we will purchase gold for that DUR
| pose with other means then as rapidly as
now, and our people would have all tho
advantages that would come from fun
currency maintained in circulation without
f, premium paid to the monopolists ofthe gold
| centers of the world (Applause).
Unfulfilled Promises
In 1896 the Republican party of the ma
ton did not dare to commit itself to the gold
| standard and 1t did not. The Republican
party in that year declared in favor of in
ternational bimetallism at the ratio of 1s
to l, and they made the argument through
out the whole country that they were not
for the gold standard nor committed to IL.
that they were for bimetallism as truly as
we were, and that they were approaching
1t by better, surer route than ours They
said that an international bimetallc COM
mission would be brought into existence
by the efforts Of the Republican party, in
order that the people of this country might
be relieved from the incubus of the gold
standard and gain the blessings of bimet-
allsm upon broader and more enduring
basis than was promised by the Democrats,
Peoples party and Silver Republicans
(Applause.) They made that appeal to the
country and they succeeded upon that an.
peal.
What was the fulnllment of that prom
Use? Why, Mr.. Wolcott of Colorado, a man
of great pomp, personal appearance and
splendor of carriage, was sent to the courts
Of Europe to eat luxurious dinners at the
expense of our country with the people
whom he called to see. He went from court
10 court. He was received, royalty enter
tanned and gave royal entertainments, but
met with absolutely no encoura cement in
his effort. He met with the assurance that
while some of the countries of Europe were
willing to enter into such an agreement,
provided England did, that England would
never do It, and he met with the assurance
that none of the other countries would do it
unless England did.
Under the Gold Standard
The theory of International bimetallism,
the hope, the term of international bimet-
allism was over. The Republican leaders
knew that they could never again go before
the people of this country upon any such
promise. The promise was not made in
good faith in 1896. Its bad faith would be
absolutely apparent in 1898, and so the
leaders of the Republican party Of the ma
ton wisely enough determined that they
must take their stand at last upon the
gold standard exclusively. They have done
1t, and in all the eastern states the Repub-
lican state conventions have declared for
the gold standard outright. Wherever they
have been able to influence western Re-
publican state conventions they have
they Have NOT nsen aS.e 5e % anu ~neie
they have tried to control them.
The Republican state convention of the
state of Utah, in session the other day,
was proceeding to adopt b metallic plat
form. Information going to Mark Hanna,
the head of what is known as Hannaism
(and Hannaism is about the worst ism that
exists in this country today (applause),
Mark Hanna wired in substance: Under
no circumstances permit the convention
to declare for bimetallism." 1 believe that
the Utah convention, Notwithstanding that
command. did declare for bimetalism. I
suppose 1t will be read out of the Repub-
lican party and into the Silver Republican
party, necessarily.
A Decayed Plank
Tha Ponuhltoa ~ convention nf Ca1ifornia
met, and what did 1t do? 1t declared for
the gold standard. 1t feared the result Of
that declaration, and SO another plank
was prepared and added to the first. sort
Of patchwork such as You sometimes see
on decaying bridges. (Applause.) They
put another plank, not of good timber, on
the weak and unreliable place. What did
they say? Was it the old declaration in IA
vor of international bime tallism? Hanna
wouldn't stand that. They made a COM
promise between Hannaism and Repub-
licanism, as represented by these gentle
men. What did they do? They declared
in favor of International monetary agree
ment. An international monetary agree
ment for what? They don't say. An In
ternational monetary agreement for the
gold standard? They have got that now.
They have got an international agreement,
too. That Is, they know they
have an assurance that they can't
get an international agreement for any,
thing else and as they don't declare for an
international agreement for bimetallisan,
why, of course, they don't mean that they
are going to ask anybody to attempt to
secure such an information agreement.
Since the Republican party Of the nation
has abandoned the hope, and has at last
ceased to make the promise that 1t will
try to get an international agreement Aor
bimetallism, what Importance Is to be at
tached to the declaration of the Republican
party that it wants an international mon
etary agreement, which may be an agree
ment for anything that concerns money!
An American War
But the money question is to be thought
out 1t never can be settled until It is set
tied right. (Applause). That IT has not
been settled right is evidenced by all the
proofs that lie in the experience OF r.
people of this nation. But we are opepls
up, however, an increasing Oriental 80
where silver is necessary Perh1ps s.o
extension and expansion of ,ut
south and west with sirvey using cou"-
tries may solve the monsS quest'on'
The Republican party assembled IN state
Ii