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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Boston Weekly Globe
Location
Boston, Massachusetts, United States of America
Date
Dec 09, 1879
Page
4
A harsh opinion piece argues the author is biased by Sumner ties, labeling Hayes hypocritical and disingenuous. It condemns his handling of greenback retirement, civil service reform contradictions, and calls for accountability amid political games.
A senate resolution by Senator Bayard would remove legal-tender status from treasury notes while keeping them redeemable in coin. The piece argues it would prompt a Democratic defense of government money against bank control, notes political splits, and urges Democratic leaders to seize the issue.
The New York Herald outlines the life of Peter Goelet an eighty year old real estate heir who turned a hardware business and prudent land speculation into a vast fortune His younger brother Robert died in September at seventy six Their grandfather Peter Goelet operated a cash based hardware shop on Hanover Square during and after the Revolutionary War and the family prospered through disciplined investing He owned the Windsor Hotel block and a large stake in the Grand Central depot area until Commodore Vanderbilt used legislative power to take the land leaving Goelet wary of rail rivals
A critical piece argues Secretary Sherman and President Hayes push currency contraction to empower national banks and preserve the national debt. It claims banks control inflation and contraction, shaping a future where paper money is fully under bank influence.
Reported tensions over Christmas orations prompt calls to postpone the synod meeting to January or February due to mounting costs. Expenses reach about 1600 dollars with testimony output estimated at 700, while ongoing testimony accumulates.
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