Foster Going to Ohio on Bonds Mission
Foster travels to Ohio to pursue bond considerations amid protracted fiscal talks. Silver advocates press for free coinage, signaling a push to alter monetary policy.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 12, 1891
Page
5
Foster travels to Ohio to pursue bond considerations amid protracted fiscal talks. Silver advocates press for free coinage, signaling a push to alter monetary policy.
Washington June 11 Special to the Post Secretary Foster will visit Ohio next week for the Republican State Convention and private business while seeking opinions of Western bankers on continuing 44 percent bonds. He notes interest rates will be decided after the West trip as Western and Southern banks favor 1 percent or fractional rates to maintain existing bonds. New York bankers propose 2 percent with new bank note circulation.
The Director of the Mint will not act on new coin designs now after public competition yielded unsatisfactory results. Current coinage will continue using old designs, with possible future designs prepared by Philadelphia mint artists for all coins. The decision is not finalized, and the Treasury Secretary is preoccupied with other matters.
The article notes that the silver act's provision to coin 2,000,000 ounces monthly ends July 1, 1891. Mint Director Leech will seek approval to discontinue this coinage, arguing no need while Treasury notes are redeemed in gold. If gold runs short, the silver basis becomes relevant, but otherwise the $22,000,000 coined is deemed wasted.
The Free Coinage Silver Committee abandons Washington for a January 18 session at the Hoffman House New York insisting on full free coinage and vowing to carry the measure into the next Congress. Senator Stewart says a veto can be overridden and outlines GOP support from multiple states while naming Democrats he doubts will back the bill.
The Norfolk based evolution squadron plans a July departure for Boston for ten days of fleet exercises with the fleet then proceeding elsewhere in mid July.
July departures to New York precede larger maneuvers in August and September. The naval militia, with Massachusetts already organized, is expected to cooperate, providing opportunities to take part in fleet operations and complete New York’s organization in time.
Edison General Electric sues West End Street Railway of Boston for alleged patent infringement tied to Thomas Edison and Frank Sprague devices. Thomson Houston Electric Company will defend, with bills of complaint reviewed by counsel Frederick P. Fish. Key issue: potential damages and profits if injunctions fail and patents become public property.
The New England Historical Society met yesterday with Dr. George E. Elis presiding. William S. Appleton read on The Loyal Petitions of 1666 and Charles Francis Adams spoke on Sexual Morality in Colonial New England. Dr. Green discussed the Courant file from 1721 to 1726, Benjamin Franklin’s early publishing link, and the 1723 Feb 11 start. Henry P. Walcott was elected a resident member. Lossing's death was announced. July September meetings were omitted, with option for a special gathering. A new serial of April and May proceedings was readied for distribution.
Avon June 11. A shanty near the town water source used by Italians for work and storage burned completely after an alarm. Marcus M Porter, a town critic and deacon, confessed to dynamiting the building claiming a grievance over compensation and nuisance issues. He was arrested for arraignment before Judge Marden in Stoughton.
A narrator recalls a canoe trip from Boston to West Mansfield along Wading River near Taunton. The journey features log baskets, rural lanes, wild deer, partridges, and a humorous frog incident, ending with a return train to Boston after a day of pleasant, tranquil scenery.
In a mock session Pax ton Mr Bill, foe of salary grabs, is humiliated as a chair raps to order and a sergeant at arms restores order. The bill to fix legislature salaries at 1050 triggers astonished reactions and a chorus of laughter and applause. Mr Bill realizes he has been badly sold as the House erupts.
The Christian Endeavor Convention in Minneapolis this July sparks a rail rate skirmish. Boston & Maine quotes 2050 round trip via Sou line with sleeping car at 84. Fitchburg matches 2050 with sleeping car at 375 route via Montreal. Under interstate law the public may use these fares, and more cuts may follow as lines compete for convention business.
London June 11 report says pleuro pneumonias break out in cattle with local authorities ordering 20 head slaughtered. Amid this, a pasted ad urges readers to seize time and promote Carlsbad Sprudel Salt as a remedy for stomach liver kidney issues and rheumatic complaints.
In a midwinter contrast Boston endures the hot wave. The article notes workers in leather and shoe districts, retail shoppers, and soda parlors as temperatures climb from 73 to 81 and linger around the upper eighties. Police absent, laborers, and tramps seek shade. crowds endure, drink, and continue business through the heat.
In this city at St Pauls Church 11th inst by Rev Dr Lindsay George H Hath ewer and Georgiana Webber both of Boston were married. Also notices for Hall Ellis Perkins Thompson Hollis and Walker Bishop.
The City of Boston City Hospital invites sealed bids to supply about 2000 tons of furnace coal and 300 tons of range coal for one year starting July 1 1891. Bidders must name coal kinds and mine sources, include a $1000 certified cheque, and a performance bond. Proposals due June 13 at 4 PM, Superintendent’s office, with public opening then.
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