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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 05, 1896
Page
6
George F. McKinnon comments on silver and gold arguments in the Post letters column. He mocks Calcutta’s coinage claims and questions the nation’s bi metallic policy while defending demonetization and ratio debates. He ends noting Calcutta’s boastful rhetoric and comparing him to Junius.
H. L. Edwards of Gardiner Maine answers Mulligan and cites Dr Arendt and Francis A Walker on European bimetallists free coinage and silver demand. He critiques arguments about remonetization of silver versus gold standard, notes India mint closures and historic coinage, and argues for cautious economics amid foreign debt pressures.
A letter to the editor debates silver 16 to 1, foreign debt, and a gold standard. The writer cites Carlisle in 1878, Blaine, Reed, Frye, St John, Jaquith, and Hill, arguing for independent bimetallic coinage and questioning official debt estimates. The piece critiques gold finance and cites figures on foreign trade and travel costs.
John Stearns urges Congress to restore silver currency to par with gold by minting enough silver to back the money and replacing dollars with half dollars for convenience. He argues silver and gold values would align and circulate together.
A Vox Populi letter argues against fear of free silver in the 1896 debate. It contends silver would be discounted relative to gold and that a Bryan victory would raise gold’s premium, boosting farm and factory prices, wages, and savings while limiting imports and helping the Republican party. It questions Bryan’s premise of silver value rising.
In Columbus Ohio Sir In Bryan faces a question on free coinage. The answer argues it reduces purchasing power and raises commodity prices as in Mexico. A laborer paid in silver would lose half his weekly value, while bullion holders gain. Four points outline 199 cent silver converts, 16 to 1 ratio, 53 cents per dollar, and 47 cents to cover coinage and expenses.
A letter to the editor critiques the demonetization of silver, accusing a writer named Calcutta of mangling facts and overreliance on aphorisms. The author discusses gold to silver ratios, noting historical variations and asserting current conditions misstate value, urging clearer economic reasoning.
The writer critiques Calcutta for defending the gold standard and argues both sides favor bimetallism. He questions the distribution of a commercial balance benefits and warns against relying on bankers for finance. He cites McKinley era shifts and urges readers to decide on intrinsic value of silver in November. John H. Campbell of Boston signs the piece.
Regular Gaelic League meeting convened at Alpha Hall 18 Essex Street yesterday afternoon. P J O Daly led with aid from John M Doran and Patrick Kelly. Readings and recitations in Gaelic followed with participants Patrick Kelly John O Daly William King Thomas Walsh John M Doran and Edward Twohig.
The pattern No 6843 offers a ladies basque waist in striped French lawn with shaded embroidery and linen batiste front, green satin trim, and a tunic-like vest. It provides sizes bust 82 34 36 38 40 with four and three quarters yards of fabric for medium. pattern retails for 2 cents and orders are filled in New York with brief delays.
The Strandway in South Boston nears completion with Jones and Meehan awarded a $117 000 contract to build a granite sea wall. Contractor Simon Donovan dredges outer edges to ensure water depth, while a public landing at Q Street will extend 139 feet and face 60 feet seaward. The Columbia Yacht Club confirms no grievances about the work.
The French frigate Dubourdieu under Rear Admiral De la Maisonneuve leaves Provincetown for New York after a four day harbor stay. Sailors explored Boston incognito, praised Washington Street, and formed a lively impression of the town during their Atlantic voyage.
The October term of the Circuit Court begins October 15 with grand jury sessions at 10 o'clock and petit jurors called November 4. Admitted bar applicants not sworn Friday will be admitted next Friday. A list of cases for tomorrow includes Rubinovity versus quiet title and multiple kingpin civil actions involving State Street Exchange, Suffolk Trust Co, Waverley Magazine Co, and numerous defendant firms.
The October sitting begins Tuesday with a full docket for all sessions except the divorce session. Final actions on libels begun before Oct 1, 1895 will be taken. cases lacking action may be dismissed unless good cause shown. Tomorrow lists numerous divorce filings and trial names.
The Chicago and Great Western Railroad Company offers the mortgage property to bidders who pledge fifty thousand dollars in money or one hundred thousand in bonds. Upon bid acceptance a one hundred thousand cash or two hundred thousand in bonds must be deposited. failure triggers resale. Purchasers may later assume leases, with Court orders guiding further payments and credits, and the sale includes releases from Chicago and Northern Pacific Railroads and Farmers' Loan and Trust Company. Dated October 1, 1896.
Ships arriving and cargo details listed for East Coast ports. Entrants include Servia Norseman British Empire Yar mouth and others with merchandise passengers and tug assistance noted. Weather winds fog and high water times accompany arrivals.
Transaction notes list items from Wilson W Fay & Co with varied securities and prices. Entries include 100 Higham Electric 506.5, Boston & Cripple Creek 210, Perfected Rail Joint 5.00, United Telegram 5s 50, Fort Wayne Flee 1.00. The fragmentary list shows multiple electric and mining stocks with assorted values.
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