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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 15, 1896
Page
6
A concise history of treasury notes and the birth of legal tender greenbacks in the Civil War era. It outlines the 1862 act authorizing 150 million dollars, later supplemented by 1862 and 1863 acts, the exchangeability for bonds, and the varied terms of notice issues. It notes peak outstanding amounts around June 1864 and remarks on retirement of certain 1863 notes used as investments.
A letter to the Post foresees a political surprise in New York voting patterns. The writer argues McKinley carries New York state by no large margin while Bryant and Sewall gain strength, especially in New York City, predicting a shift contrary to Mr. Whitney’s forecast. The author cites Harlem River as a dividing line and urges readers to expect a dramatic outcome.
A Roxbury reader warns that price cuts are necessary for profitability and laments rising living costs. He argues Americans must accept lower profits, avoid dissipation, and rethink their youth culture and athletic excess to restore health and traditional values.
A letter urges voters to study the actual finances of nations and insist on factual history rather than theories. The writer, E. D. Gifford of 628 Third Street, South Boston, emphasizes using affordable books with condensed financial histories to form an informed vote.
The piece answers key questions about the 1873 act and 1878 revision. It notes the law aimed to tidy eighty years of coinage rules, suspension of the silver dollar, and seigniorage concerns. It cites John Jay Knox as draft author, with Secretary Boutwell forwarding the bill to Senator Sherman.
The author argues the question of bimetallism and coinage reform should be settled by reading the acts of February 12 1873 and June 22 1874. He cites Congressional Record and works by Laughlin and White as sources and suggests jurors weigh the evidence without prior opinions. C. W. Milk Street 120.
L. Fuller argues against the gold standard, asserting limited gold supplies and high future costs threaten money supply. He cites bank gold holdings, national assets, and projected deficits, claiming silver coinage would prevent currency devaluation and higher prices. He predicts the White dollar would be 100 cents under free coinage.
A Post letter discusses monometallism versus bimetallism, noting Sparta’s shift to iron money and arguing that bi metalism curbs moneyed influence. It rebukes a Republican committee for false wealth claims about silver and gold miners, likening hypocritical rhetoric to the kettle calling the pot black.
Boston August 11 1896 T A Bland reflects on a trivial detail about color in a brief observed remark. The fragment hints at a humorous or observational tone from the era with limited readable context.
J H Read replies to a Socialist arguing for free silver coinage to raise purchasing power and balance money by parity with gold. He predicts 47 percent rise in silver value, cheaper rents, steady employment, and equal purchasing power, urging voters to judge candidates Bryan or Sewall by action.
W A Brackett argues the deeper fight is between monopolists and the masses. He denounces tariff theatrics and currency talk, urges a Bryan presidency with income tax, and warns McKinley would favor the few while starving the many. The piece denounces Republican writers and calls for real reform beyond surface issues.
Letter from Malden criticizes free coinage as favoring mine owners and cites losses from silver decline on cotton and wheat totaling over 155 million dollars. Warns against relying on foreign nations and warns that control of finance implies control of power. Signed by S. Bell, Aug. 10.
Coulthurst and Company at 273 Purchase Street long known as William W Kellett and Company tan ning materials brokers in barks and hides have assigned their interests to C W Tidd of 31 High Street It is understood the firm owes about 80000 with 40000 tied to bark contracts and offers creditors a dollar in settlement
Unusually dull business across the nation as heat harms crops and labor, bank lending tightens, and iron and cotton markets wobble. Wheat and corn fluctuate with government reports predicting large corn yields while cotton prices firm then ease. Bank clearings fall, rail earnings show varied gains, and failures rise slightly with sugar bounty payments easing New Orleans finances.
Interests representing about three quarters of the company debt accept the creditors committee terms. Banks largely approve a three proposition plan: 35 percent cash in 30 days, 80 percent in 14 months, and 35 percent as notes of George F. Hall endorsed by President Timothy Remick. Merchandise creditors with claims around 12 to 15 thousand approve 60 percent cash in 30 days.
New Haven Conn August 14 The E D Hendee Company merchant tailors of this city made an assignment The Hendee company was backed by the Neal Marsh Company of Boston and it is said the failure of that concern embarrassed the Hendees The liabilities are a trifle over 11000 The assets are given as 10500
Providence August 14 at a stockholders meeting Armington and Sims Engine Company voted to seek a three year extension. The firm carries debts of 275000 and assets of 270000 with several orders on hand, and it is believed the extension will be granted.
In Hartford, a severe storm after days of heat caused a 2:45 AM lightning surge and heavy rain for about 45 minutes. Four local structures were struck. three burned including an unfinished Barker residence and Wi son barn at West Hartford and Parkville Brabazon barn, with insured losses around 50 to 900 dollars. Tobacco damaged by hail in West Hartford. Ransom Poquonock barn struck and burned. Woodruff house in West Hartford struck but with no major damage. Trinity College rainfall recorded at 2.97 inches.
The Henry Morrison steamer, daily from Snow's Arch Wharf at 442 Atlantic Avenue, wins praise from excursionists for punctuality and ample sightseeing time. The ship offers an excellent dinner, moderate prices, refreshments, and family rooms, with captain and crew aiming to please. Sunday sailings at 10 and weekday departures at 9 30.
The notice records sunrise and sunset times, high tides, and celestial events for August 15. Arrivals include steamers Spartan Crowell Philadelphia and many others with merchandise and passengers. cleargings list Ethelred Yarmouth Gallia and more. sailings cover Saturn Lebanon and vessels bound for Philadelphia Portland and Edgewater among others.
Bradstreet's survey indicates little change in national business with no clear fall upturn. Early week money rates rose then eased amid reaction to New York silver protest. Woollens demand weak, dry goods sluggish, iron and steel markets dull, and crop conditions mixed in the South while Florida's vegetables suffer drought.
A sewing pattern description presents a blue and white seersucker and dark blue linen seaside outfit for girls. It covers a full gathered skirt, plain body lining, shield front, standing collar, broad sailor collar with revers, and bishop sleeves. Details include buttons, elastic waist, and a ready skirt hem. Pattern No. 6834Sizes 6 to 14 years, five and a half yards of thirty six inch material, twenty five cents. Orders go to New York with a short delay.
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