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Newspaper
Algona Republican
Location
Algona, Iowa, United States of America
Date
Nov 30, 1892
Page
5
Still for a tariff, President Harrison reveals he is dictating his final annual message to a stenographer due to fatigue. He defends his protectionist stance, insisting newspapers misinterpret shifts caused by political losses and affirms he will not alter his tariff views despite defeats.
Nebsecker reports the annual treasurer’s review for year ended June 30, 1892. Net ordinary revenues reached 54,087,734, with expenditures at 545,432,043. Surplus shrank to 9,914,453. Working cash balances stood at 207,110,455 beginning the year and 165,718,118 at year end. Gold components, money stock totals, and paper currency issuance are analyzed with notable gold output, national bank note issues, and silver stock changes.
At Bruxelles on November 26 Senator Allison and Senator Jones outlined American bi metalism plans. They urged re establishing fixed parity between gold and silver and greater use of silver in world currencies with universal coinage and a standard coinage ratio. English delegates oppose and hint at India obstruction if no agreement can be reached.
Brussels reports that Alfred de Rothschild’s proposal to the monetary conference is a well conceived plan for an international monetary agreement. Delegates resist ridicule from some papers and acknowledge India may push bi metalism if no consensus is reached. The Indian government backs dialogue while warning India risks drama if no common solution is found. A majority of delegates urge confronting the issue seriously.
At Sargent's dock foot of Sixth Avenue West the main steam feed pipe on the steamer Hiram R Dixon burst at 8:20 am. Two youths William Brooke 18 and William McNulty were killed instantly while several others were slightly injured. Boat damage minimal. Public notices knitting services appear in the same issue.
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