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This newspaper page contains 23 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 05, 1896
Page
6
A wage earner argues bankers deserve respect as conservators of the public money and criticizes attacks on bankers as unfounded. He warns that radical money reform would harm both bankers and the people, citing the Civil War era and urging readers to study finance writings in the Post.
A reader questions silver as standard currency and warns laborers with installment home contracts about inevitable costs if silver becomes the standard, urging workingmen to calculate gold-equivalent payments for 1896 contracts.
P L of Everett argues his $1300 savings will be paid in legal tender and doubts wages will keep pace with living costs. The piece notes 183 deposits paid in legal tender with $20 needed for a barrel of flour and similar sums for coal and essentials, questioning whether wage growth can cover the increase.
L L Daggett argues against golden age rhetoric, condemns the cry for free silver, and warns that tariff and wage policies affect labor and industry. He asserts prosperity hinges on real wages, decries repudiation, and critiques taxation while noting machinery shifts and industrial overproduction.
Charles F. Palmer of Brockton comments on a July article by Robert Treat Paine Jr. arguing for free coinage of silver, contending misrepresentations and questioning the benefits to farmers. He critiques McKinley tariff praise, analyzes gold exports and revenue, and uses a Republican history anecdote to illustrate confusion among voters.
In a Boston letter dated August 4 1896 G L P argues against Mr Paine on free silver. He shows 90 cent dollars would fail to help farmers or manufacturers and would hurt wage earners and savers. He notes mortgage holders and debtors may gain, while banks and pension funds lose value. The piece critiques the idea that silver would boost exports or reduce costs of labor and warns of a credit shock if silver were widely adopted.
A letter from Readville dated August 4 1896 presents Boggs weighing a choice between gold with a boss or silver with a maniac. The writer asks how Boggs should vote, seeking two sided perspective in a short public exchange.
Salem Willows hosts a mock trial at Atlantic Hall Juniper Point with William N. Osgood Esq as judge. Hayes of Lowell represents the defendant while M T Callahan of Boston serves as district attorney. William J. Miller is clerk and G Walden Smith the prosecutor. Special trains from Boston and Lowell will run.
G A R veterans can save 8 to 12 dollars on the Canadian Pacific Soo Line itinerary for the thirtieth national encampment at St Paul. The line offers special accommodations and discounts for veterans and friends. Copies available from H J Colvin 197 Washington street Boston.
Boston School Board feud erupts over Chandler adjustable desks and lobbying claims. A 9 to 7 vote approved purchasing adjustable furniture for new school houses, with one third of total furniture to be adjustable. The meeting also included motions on fees for Har rison H. Atwood and refreshments for members.
In Dorchester a crowded courtroom heard George S Williams and his two sons William and Frederick along with Arthur Whittier charged with stealing from yachts. Sloops owners testified about articles taken from vessels aboard the Veronica where guards reported the defendants. Judge Reid ruled insufficient evidence to hold George S Robinson, the boys' father, but ordered the other three held in $1000 bonds each for grand jury appearance.
All the patented lands totaling 11 902 sections and unpatented lands in Washington were sold under a Wisconsin court decree. Edwin W. Winter, president of the Northern Pacific Railway Company, bought the property for 1.7 million dollars. A private bidder tried for a 160 acre tract, but Winter raised the bid to 15 thousand dollars and won it.
Insurance Commissioner Merrill and Receiver Underwood agreed on a 40000 dollar assessment by policyholders of Colonial Mutual Fire Insurance Company. In Supreme Judicial Court yesterday, Receiver Underwood filed for a decree authorizing the levy.
A reader letter notes demoralizing market moves after the Diamond Match and New York Biscuit collapse and Chicago stock market retreat. It cites Western rail rate cuts, lagging demand, and heavy short covering in Boston and Maine, Boston and Albany, and New York area stocks. Copper prices rise in London while visible supply and July outputs shift. Montana stock faces continued liquidation pressure from bank-led margin constraints and peg attempts.
An adjourned Winthrop meeting set August 29 for the annual coaching parade with rail and steamboat company support. Subscriptions of 259 from each company were pledged, led by O E Lewis of the Winthrop Steamboat Co. A five-member committee picks two representatives from each town section to organize the event and cottage owners anticipate a big Thursday evening social. Over 150 parade tickets have been sold and a Winthrop Yacht Club half-waters race was won by the W H Gardner with L T Harrington a close second.
August 3 transactions show total 185,100 shares with notable sales. American Cotton with 100 shares at 99. American Cotton and AtehiIOR volumes listed at 2,200 shares with prices around 11% and 10%. Canada Southern recorded 100 shares at 42% and 43% in the bid-ask summary.
At the closing session of the eleventh annual Massachusetts AFL convention in Worcester on Aug 4, resolutions pledged AFL influence to defeat Lieutenant Governor candidate W Murray Crane. The federation boycotted firms in Boston and New York and urged direct legislation, proportional representation, bakery sanitation, prison-made goods stamping, eight hour day for public workers, a 54 hour workweek for women and children, raising school age to 16, ending contract labor on public works, and wage standards by public employers. Officers elected include President J D Pierce and Secretary George H Lord. Next year’s convention will be in Boston with a vote tally showing Boston 18, Worcester 6, Brockton 5.
Judge Knowlton in the Judicial Court appointed Jasper W. Stone and S. T. Harris as administrators of the estate of the late Amos Stone of Everett. The deceased, once believed wealthy, left a seemingly small estate with several pre death suits. Counsel informed the court the estate is insolvent as the widow has died and affairs are tangled.
Augustus Truisi a fruit dealer of East Cambridge faced Judge Almy after a charge of assault on Genevieve Booth aged 12 was reduced to indecent assault. Several East Cambridge businessmen testified to his good reputation. The case was continued until Tuesday.
Boston Police Relief Association officers doubt whether the police commissioners will permit their annual winter ball. The issue centers on Chairman Martin’s remark that money should come from the members rather than the public, with insurance associations cited as examples.
The Charlestown division of railway men convened at Lincoln Hall Warren Street Charlestown to elect a president secretary and collector with an executive committee for the coming term. Balloting continued into the late hour as counting proceeded.
Arthur Sewall declines to discuss Senator Jones's announcement. I. W. Hyde, president of Bath Iron Works, departed Bath today for New York to board the Paris bound for England tomorrow on a business trip.
The maritime section lists arrivals and clearances. Vessels including Michigan Oxford War ren & Co and many others show merchandise passengers to various destinations from Liver pool to Portland and Norfolk with tugs and barges noted. Weather data provides sunrise and moonrise times, with high water at 8 a m and 8 15 p m.
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