Prosperity Express Rumor Hints at Economic Boom
A voiced confidence in a fast improving economy foresees a strong upswing for the nation. The author likens the trend to an express train, signaling notable growth and momentum ahead.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Aug 31, 1896
Page
4
A voiced confidence in a fast improving economy foresees a strong upswing for the nation. The author likens the trend to an express train, signaling notable growth and momentum ahead.
A city section between West and Cornhill lay under constant digging, making Washington and Tremont streets nearly impassable for fire apparatus. The piece condemns indiscriminate permits and urges forethought to prevent serious public safety risks.
Reports claim Southern Russia wheat crop is weak while US growers enjoy exceptionally large yields. The piece projects a vast wheat crop and rising prices as a sign of general prosperity, and notes corn could yield farmers about 890 million dollars, lifting many to easier times.
The text argues Britain’s appointment of an envoy to Pretoria signals a cautious recognition of Transvaal independence and a move to appease the Boers amid their arms buildup, noting England’s careful approach to major powers and the potential broad consequences in southern Africa.
Despite economic strain, July exports rise by 10 million dollars with manufactured goods up 4 million from 1895. Officials predict calendar year manufacturing exports will exceed all prior years by 40 million, signaling a strong path to prosperity.
The piece details a week of conflicting signals from tight money and gold imports. Money rates surged, with call loans reaching 26 percent, prompting liquidation of long stock and a broad, generally lower market level. The piece notes a ten percent money market anomaly in New York and a widespread discount pattern.
Foreign bankers rush orders for gold as rates spike in London and Wall Street. imports totaling over 12.9 million in late August push toward 20 million. Debates arise over whether the movement is market manipulation or natural balance, with banks prepared to place bullion with brokers and adjust Treasury flows.
Gold moves to the country from Europe and Australia as engagements for the week likely total around 20 million dollars. Money famine is ending as funds arrive across the Atlantic and Pacific.
Opinion piece warns that free silver would erode gold-based savings of New England workers. It cites $1.8 billion in savings, Massachusetts deposits, building and loan assets, and mutual benefit societies, arguing reduced value would harm retirees and beneficiaries who rely on gold-dollar value. It notes many are insured or paid in gold and questions the fairness of converting to cheaper dollars.
The question asks whether laborers can select a monetary system that inevitably reduces their income. It frames a choice about economic policy and its effect on wages, seeking an evaluation of tradeoffs between different money systems and worker compensation.
Commentary argues that huge crop yields and rising demand from failures elsewhere will drive a booming export trade. The piece predicts general prosperity as inevitable, urging readers to prepare for the coming positive economic shift.
The Observant Citizen notes H E Cobb's probable Republican bid for Congress in the eleventh district and George F Mooney's run for Common Council. Middlesex county officials earn $1800 yearly amid roads and tax duties. An Etna Life Insurance painting honors ex Governor Russell. Major Benyon may rise to colonel. Dr Arthur Thudson plans a fishing trip. Donovan, Collins, and Gus the yachtsman are highlighted. Hebrew festival to assemble 60 000 across Boston halls. Li Hung Chang tale closes.
A narrator describes an all consuming love seen through a window then a funeral. He clings to a bouquet and a jewelled cross, clashes with mourners, and is taken by police as he tries to take the dead for his beloved. The fever of delirium ends in a vow to join her in a final wandering.
A lyrical fragment describes a weary traveler returning home to a waiting partner. Recurrent lines emphasize the beloved’s waiting presence, smiling greeting, and tender voice that lightens the journey. The speaker imagines swift reunion and the joy of being met at every turn.
First prize goes to Under Cuba's Flag by Mrs B Alexander of West Newton Street Boston Mass. Second prize awarded to The Mercy of Men by A Gertrude Fisher of 24 Mayfair Street Roxbury. Also two dollar prizes to Hard Luck Edith Francis Peters Freeport Street Boston The Price of Fame Olive Curtin 479 Union Street Lynn Mass A Hero in the Slums Lillian Ryder 78 Lexington Street Waltham and The Captains Diamonds Mrs Frances G Graham 192 Lamartine Street Jamaica Plain.
The Post announces weekly prizes for Original Short Stories nine prizes total with $10 for first, $5 for second, and $2 each for four other stories. Winners named Sundays and paid by mail Mondays for stories from the prior week. Only female writers eligible. submissions must include name and address.
A collage of quips from period papers features professors mocking meals versus learning, a pug story that saved a man then traded for a drink, a guide’s Bald Mountain tale, a pug's reputed stupidity praised, and political chatter debating Bryan and phonograph electors.
A bustling Boston theatre roundup notes Fregoli performs at the Park with impersonations of all characters. Cuban fife and drum players appear in The Last Stroke. Marie Dressler stars in Lady Slavey at the Hollis. New Grand features Nobles and Lettie Le Vyne. Davis Opera House Plymouth opens Friday. Aubrey Boucicault appears at the Grand. Castile Square opens Labor Day with Erminie, principals kept secret. Roland Reed heads west after Museum engagement. Howard Atheneum showcases top acts for over ten hours. Olympic company debuts on Huntington grounds with Magee’s 110 foot dive. Lumiere appears in Arrival of the Fast Mail at Keith’s. Margaret Dibden leads In Mizzoura. Prince of Wales pony colt draws children at Austin and Stone’s. Giant sea monster exhibit ends at the Chutes.
During a Cardiff visit the Prince of Wales intervened when a linotype operator was misplaced on duty, arranging a return to work after the man apologized for causing disappointment. A Mich. bibliophile coinages new terms, while Captain Norton lives near his birthplace and celebrates a 100th birthday with original verse.
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