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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 11, 1896
Page
6
A historical summary lists which coins and paper notes are legal tender. Gold coins and silver dollars are fully legal for any amount, with trade dollars limited to five dollars. Various certificates and notes have restricted tender status, while United States notes and greenbacks remain widely usable for debts and taxes.
A Brockton letter to the editor denounces gold bug schemes and McKinley plans while defending a hard money stance. Charles F. Palmer argues against free silver, cites Democratic splits, and questions Republican praise of reform Democrats. He references Bourke Cochran, Tom Reed, and New York editorials, urging stability and a return to pre 1873 monetary norms.
The author links wage satisfaction and high labor costs to a broader slump in business. He traces the decline to government silver purchases under the Bland-Allison and Sherman acts, noting prices fell as silver output was bought and coinized. Repeal of the Sherman act halted the slide, but distrust remains. The remedy urged is to retire endless chain notes, have banks issue currency, and restore confidence to spur production and consumption.
A letter argues wages fall to subsistence levels unless unions raise or defend them. It contrasts Mexico China and Japan with the United States and England, noting weak or absent unions in some countries and stronger organization in others. The piece cites Lynn Falls River Birmingham and London bricklayers to illustrate wage differences and the need for circulating money to combat hoarding.
Letter to the editor argues the Wilson tariff failed to cover government expenses. It blames the Supreme Court for declaring the income tax illegal and suggests abolishing Congress in favor of court power. The writer cites past mileage book controversy with the Boston and Albany railroad.
This correspondent argues that if the income tax bill had stood, revenues would have suffered little or no deficiency. The editorial positions that current measures fail to balance the budget as effectively as the rejected proposal.
A reader defends the cost discussion on corn and wheat amid economic shifts. He argues wheat prices dropped compared to twenty years ago due to railroads in India and Russia, improved industrial control in Egypt since British occupation, and rapid agricultural progress in South America especially Argentina, reflecting supply and demand balances.
A lawyer argues that gold price mirrors production costs and lamentsCurrency manipulation, disputing the idea that basic money governs business. He critiques silverite and goldite plans, warns of abolishing private contracts, and questions Supreme Court packing by silver advocates. Boston, August 9, 1896.
The writer argues that the present system relies on self interest and dollar stock, causing unemployment if jobs do not increase the giver’s dollars. It questions whether two-dollar per job or a silver dollar standard would ensure full employment and warns that mutual job sharing could erode the need for labor value, ending in a self-defeating economy.
A critical analysis warns that if silverites gain control a bifurcated economy will emerge with gold for the wealthy and unstable silver for the poor. It argues minority power, backed by wealth, would outlast majority rule and force contracts to be written on gold slips, leaving laborers with uncertain wages and two currencies.
George Dutton argues for a return to a bimetallic standard with gold and silver and a full legal tender currency. He claims gold alone is unstable and that a labor unit should be the ultimate measure, warns against money bondage, and laments silver’s dethronement and outdated acts.
Friends of John W. Palmer gathered at Chickering Hall on 1788 Washington Street to toast his safe return from Europe with the Ancient and Honorable Artillery. The surprise reception featured a pastel portrait presented by Representative King of Ward 8, with organizers Thomas J. Murphy, William B. Fitzpatrick and C. H. Churchill cited for their efforts.
Lancaster Aug 10 A disaster on the Columbia and Donegal electric railway north of Columbia at 10 20 last night leaves six dead and sixty two injured. The list includes H H Heise Columbia chief burgess and Adam Foehlinger motor man. The crash occurred at a heavy curve near the borough, brake failure suspected as train plunged off track, into a ditch after crashing into a train.
Washington August 10 The Democratic congressional committee adopted a broad business image campaign poster quipping that wage earners, farmers, and laborers are all real business people equal to bankers and brokers. The poster cites 18 6 census figures to argue party principles differ, promising nationwide circulation. Chairman Jones Faulkner and Gardner depart for New York to attend Wednesday’s notice events.
Johnnie McDoodle eight son of Duncan McDoodle of Somerville was struck by a Boston bound Rockport train No 74 at Pine River bridge near Ocean Grove Revere yesterday afternoon. He died at Frost Hospital last evening from a fractured skull. He had been bathing with four companions and was walking toward home when the accident happened. The train stopped, the boy was taken to Chelsea depot and then to the Frost Hospital where he died.
Dennis Haley, surfman at Cahoon's Hollow life saving station Massachusetts, promoted to keeper of the new floating station for Boston Harbor near City Point. Silas H. Harding, keeper of Jerry's Point station New Hampshire, promoted to superintendent of the first life saving district coast of Maine and New Hampshire, succeeding the late J. M. Richardson.
At Calshet under Castle Yacht Club, the 2.5 mile triangle race for the Dunraven challenge cup saw Audrey take first place at 12 30 with Niagara second and boats Penitent Samphire Isolde The Saint competing. The contest included a reach and free reach as part of the course.
Gideon F. Haynes, a noted young society man and former Fifth Regiment officer, was jailed on forgery and uttering charges. Warrantes allege he swindled Charles Robertson of 205 and Stephen Jennings of 265 via forged indorsements on notes. He denied identity at first, later admitting his name, with bail set at 2000 for each count. He had been dropped from the B A A for over credit, and lived at Back Bay.
Flags flew at half mast for William Prior of Faneuil Hall market as the port’s imports reached 713 827 dollars and exports 1 629 011 dollars in the past week. Vessels, yachts, and ships report icebergs sighted, ship repairs underway, and transit notes from Boston to Long Wharf, with crew changes and passenger details.
A terse advert promotes Woodbury H. Woodbury at 11 Winter Street Boston as the cure for oily skin. It claims oily skin is unhealthy and unpleasant and recommends Woodbury's Facial Soap as the first remedy. The tone is promotional and period style.
Reports from Yokohama and Tokyo say observations were successful with clear skies and favorable conditions, while northern Japan was clouded. Bodo Norway reported perfect eclipse observations. Off Stor Island Norway the steamship Ohio recorded a totality of one minute thirty five seconds with a cloudless sky.
Maritime notes list arrivals and clearances on Tuesday August 11 with multiple steamers and brigs. Vessels including Sachem Walter s and Prussian Gunson depart Liverpool and Glasgow while others sail for New York Boston and Portland amid tides, tides, and towing operations.
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