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This newspaper page contains 31 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 14, 1896
Page
6
The piece traces early distrust of paper currency rooted in Continental money. It notes the delay before government notes became legal tender, moving from the Continental note to the Greenback and then to the Treasury note of 1890, marking a long arc of financial legislation.
In a letter to the editor J T Small questions the meaning of free banks as used by Hon George Fred Williams in his Newburyport speech He argues that the old State banks were not free banks and asks Williams to clarify the term in the paper or future speeches.
A letter from Boston dated August 11 1892 argues that Major McKinley will not fully back the gold standard in his acceptance letter. The writer predicts the Republican platform will drop the gold plank and replace it with a silver one during the campaign as the party’s salvation, asserting the candidate will be elected by any means.
J Pickering at 40 State Street questions silver advocates arguing that gold's rise harmed debtors. He notes silver's price swings after 1899, the de monetization trend among civilized nations, and contrasts US moves with Japan and Venezuela toward stable standards while China and Peru trend downward.
A Roxbury, Massachusetts signer writes that debate over silver money misses the burden of proof. He argues machinery lowers wages, trusts dominate, and price levels align with currency. He contends socialism benefits the majority and urges workingmen to vote Socialist Labor to avoid starvation.
A reader discusses the amount of silver coinage in the U S Mint up to 1873, arguing that published figures undervalue the total. He cites roughly 8 090 009 silver dollars and about 997 000 000 in smaller denominations, insisting many editors and critics misstate the facts and urging full disclosure.
P O'Neill Larkin argues against gold standard and formal world money, contending money must discharge debts within sovereign power. He critiques foreign dependence, asserts silver coinage should return freely, and calls for clear, truthful discussion amid looming monetary conflict.
The matter of the coinage of fractional silver does not enter into the present discussion. Subsidiary silver coins are intentionally underweight and legal tender only to $5 or $10. The Post notes that about $8,031,238 in silver dollars were coined by 1873, a figure I confirm.
The author argues for a fixed measure of value and questions whether gold remains the uniform standard or if gold has appreciated while silver depreciates. He calls for a comprehensive study including commodity prices, cost of production, transportation, living costs, and wage purchasing power to judge if gold or silver should be the basis. T. B. Reed of Portland cites the need for data before conclusions.
O. E. Ryther argues that the editor should publish a consensus of expert opinion on whether gold has appreciated to help voters decide wisely. He cautions that such an attempt could inflame passions and affect many, urging careful handling by the newspaper.
A reader questions the public value of minting silver dollars by government action. He argues if more silver is required government should purchase on the market and coin it, claiming the public would gain about 47 percent. The letter is dated August 11 and seeks input from eastern policymakers.
Miss Margaret J. Twomey was buried in St. Cecilia’s Church after dying while rescuing Miss Marian Burnham from drowning on Lake Champlain August 9. A high mass was led by Rev. J. J. Downey with a eulogy by Rev. R. J. Barry. Burnham’s father, Mr. William A. Burnham, and others attended. Mr. Burnham plans a permanent church memorial for Twomey.
The people of Old St Patrick's Church appoint committees for the annual picnic to be held at Highland Lake Grove on August 26. James P Dooley chairs the standing committee with John J Curley as secretary. A sports program includes runs, boat race, jumps, throws, tug of war and Gaelic football with purses and prizes, plus a five-event series between Knights of Columbus and A O H teams.
Special Officer James Hynes of Station 1, Crescent Beach, saved Cornelius Sullivan after cramps dragged him underwater about fifty yards from shore near the Railroad Hotel. Hynes pulled him to shallow water and bath house care continued for nearly an hour before full recovery.
In Sorrento Maine on August 13 J P Paret defeated A L Williston 6 4 6 2 after saving several match points as the leaders clashed in a tense semifinal. Davis then upset Wise 7 5 6 1 with a surge of brilliance. In doubles Paret and Hawes won 6 1 before Davis and Avery rallied to claim the second set.
The Irish land bill faced Lords debate with all reamendments approved except one, later accepted 74 to 60 despite landlord opposition. Lords informed Commons, which quickly disposed of the measure. The bill will become law.
A Murray Hill Bank depositor in New York on August 13 accused bank officers of taking a $2000 deposit while knowing the institution was insolvent. The case will be presented to the grand jury on Monday.
Canton Ohio August 18 Major McKinley greets Two Hundred Ohio Regiment members in Massillon reunion remarks shift from sectionalism to national unity praising G A R hospitality Chickamauga and Atlanta gatherings cited as a pledge to preserve the union and the flag Future focus urged ahead of Columbus Republican rally as campaign opens.
Pittsburg Penn Aug 13 A cloudburst floods the oil town of DeHaven and the Pine Creek Valley. Eight feet of water on DeHaven main street. Bridges washed away. Dozens of buildings afloat. At least six dead in DeHaven and a high toll feared in the valley. Claridge Jeannette and Irwin inundated with residents rescued from upper floors.
Jeannette Pennsylvania reports a dam break at 1 o'clock in the morning flooding the town. North Fourth street houses submerged to second floors with occupants escaping. New Belvidere club house transfer company stables and Town Hall badly damaged. Three feet of water covered Clay Avenue and Sixth Street, sweeping through the business district and causing heavy losses.
Nashua New Hampshire August 13 Joseph Beail of Boston who worked for Willard Cummings two weeks was arrested tonight for raiding the house of Wesley Rowland on the Dunstable road taking valuables while the family was away yesterday evening.
The tug of war between Company A of Hibernian Knights Division 21 Roxbury and Division 26 Neponset ended with Company A overpowered rivals. The Bay State Hall venue on Washington Street hosted the athletic and social evening with Irish reel and jig dances. Gold medals were awarded as prizes. Irving
Hess of the Ninth Regiment officiated as referee Captain Thomas J. Clements coached the Sarsfield Guards Knights Michael O Sullivan coached Neponset Hibernians The Hibernian Knights A team included Captain James Coffey Michael ODono van James ODono van and Patrick Brooks Division 25 Neponset team members Captain Thomas Clunan John J Flynn Edward Galvin and Patrick O Connor A grand march led by Captain John O Leary and wife followed by Lieutenant Patrick Brooks and Miss Nora Brooks.
A. B. McWilliams, about 35, a Bates College graduate and West End railroad worker, drowned at Crescent Beach yesterday noon after seeming healthy and swimming with others. He was recovered and died of heart failure as wife and child watched on the beach. He resided at 20 Erie Street, Dorchestre.
Providence Aug 13 through an arrangement between Woonsocket Rubber Company Treasurer Cook and James T Inghast attorney for Joseph Banigan funds of the rubber company and of Mr Beanian in the Rhode Island Hospital Trust Company have been released from attachments placed on them last Saturday. The rest of the attachments remain. Joseph Banigan is at Narragansett Pier and President Colt of the United States Rubber Company is out of town but no settlement steps were taken.
The new four masted schooner S. P. Blackburn, commanded by Captain Alexander Ross, arrived on her first trip from Baltimore carrying 2737 tons of coal. Tug Elsie towed her to an anchorage. ship launched at Bath Me on June 26. Blackburn is 233 ft 7 in long, 48 ft 9 in beam, 20 ft 1 in depth, gross 1756 tons, second largest schooner afloat. News also reports the Newburyport bark Benjamin F. Hunt, Jr. caught by a norther at Bonaire, then reefed back to port, and bound to the United States. Manager Charles Stearns of the Boston Pilots' Association departs for Nova Scotia aboard Yarmouth. deputy Nicholas Leahy takes over. Various cargoes and earnings for mackerel and halibut schooners noted, plus tug Hannibal Hamlin pulling Salmon P. Chase to Gibraltar. Lord Dunraven's Valkyrie JIT arrives Gourock after 28 days from New York. Ferry Commission in Nova Scotia discusses bids for a new Dartmouth ferryboat. Lockwood Mfg Co declines high marine insurance costs for the project. Fishing schooner Frank Foster under repair after collision with Massachusetts. Steamer Borderer arrives from London with passengers and stowaways. Irish cattle tenders traveling to Boston. Captain Kidder reports a missing whistling buoy at Chatham bar in Vineyard Sound.
Spencer Track acting for a syndicate bought the New York Times Publishing Company assets at auction for 75000. Charles R. Miller named editor and Adolph Ochs publisher. Track to handle book accounts worth 63000. Sale part of reorganization. new group paying over a million in cash and securities for the property.
The Wheeling convention ends with electors to be chosen later by Democratic and Populist executive committees. An adjournment is ordered signaling no immediate decision on the presidential elector slate.
The City of Jacksonville on the Nahant line returns to commission after a broken port shaft was repaired. The shaft arrived from Bridgeport last Tuesday and was installed under Chief Engineer Selden of the Clyde line. Baltimore had served as temporary replacement but proved inadequate during warm days, and locals bound for Bass Point fireworks will see the City of Jacksonville in operation again with search lights for evening work.
Six thousand spectators watched nine races at Fountain Ferry track. Tom Cooper of Detroit won the two mile national championship, amateur and professional, in 4:25 3-5. Other winners included Nat Butler, Eddie Bald, Karl Thome, P. J. Bornwasser, and Tom Butler with strong finishes across sprint and distance events.
Shipping news lists arrivals and clearances as of Aug 2 to Aug 14 including numerous steamers and schooners docked or bound from London Antwerp Eastport Jamaica and various U S ports. Vessels include Borderer Storm King Yarmouth City of Gloucester Ethelred and Shafner Brothers with cargos or passengers to Furness Withy Waldron and others. High water and daylight details are noted for the day.
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