08 Sep 1891
Page 1
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This newspaper page contains 10 articles. Subscribers can read the full text of each article.
Newspaper
Athens Weekly Banner
Location
Athens, Georgia, United States of America
Date
Sep 08, 1891
Page
1
A political address explains free coinage, its meaning, and potential effects. The speaker outlines its appeal to Alliance and Democratic supporters and discusses possible economic and monetary consequences, urging unity and public consideration.
A plea for reasonable discussion on money and currency amid a crisis of confidence after a global financial collapse. The author cites Barings, Western rail investments, and farm mortgages as drivers of distress, urging open debate on monetary policy to relieve indebted farmers and stabilize markets.
S. G. McLendon argues for gradual silver coinage, warns against free unlimited coinage causing distress, and critiques national banks. He proposes constitutional money expansion via a graded coinage scale or reform of national banks, favoring bonds as security and warning of financial panic. He cites bank data, payments, and the need for prudent policy to restore trade.
The Oconee Street church reports ongoing revival meetings led by Pastor Rev. J S Bryan with 9 am and 7 30 pm services daily. Despite smaller crowds, attendees note spiritual revival and collective prayer for the baptism of the Holy Spirit. All Christians in Athens are urged to attend and cooperate for a gracious revival. The Democratic League plans Friday night activities at the Council Chamber to amend the constitution and boost a districtwide pro-Democrat federation. Construction plans for two new negro schoolhouses in Athens move forward with dirt to be broken next week after D M Kenney secures lumber and foundations to be laid soon.
The September session devoted to routine work with lawmakers reading bills for a second time. A bill to allocate $10,000 from sale of state reserve lands to indigent Confederate soldiers not covered by pensions was introduced by Mr. Phillips of Habersham. The Irish-American Dime Savings Bank incorporation bill, by Mr. Calvin of Richmond, passed locally. The House adjourned at noon due to no quorum after a roll call.
Atlanta September 5. Livingston explains he will not meet Watson citing too many engagements a lack of material difference on the railroad issue and belief that the push to discuss is backed by powers aiming to split the Alliance by pitting leaders against each other. Also notes Dr Buck a noted painless tooth extractor from Louisville is a talkative, pleasant storyteller with many experiences.
A strong group of Athens business leaders form the Athens Hotel Company with capital stock planned at 100000 dollars, chance to expand to 250000. Incorporators include R K Reaves J H Rucker R L Bloomfield and others. Plans drawn soon, work to start this fall, signaling a new hotel for Athens.
Ancient Athens column reports Oconee tribe No 15 preparing a fourth anniversary celebration on Broad street featuring a feast, speeches by Col KE Brown and Col S J Tribble, plus song, with about 100 members and plans to form a new tribe. Pale-face and Red Man tensions are noted alongside ceremonial activities.
A humorous aside on a friend’s mangled phrases of weak and feeble and castor oil pills leads to a promotional note for Dr. Pierce’s Favorite Prescription. The tonic is praised as powerful and invigorating, improving strength for overworked and nervous women while aiding sleep and alleviating anxiety.
The Athens market is weak with few bales and middlings quoted 7 34 to 8. The New York spots closed steady after futures opened firm with Sep to Jul contracts ranging from 8.64 to 10.01. Liverpool uplands steady at 47 8 with 10,000 sales and steady futures.
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