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Newspaper
Carthage Record
Location
Carthage, Indiana, United States of America
Date
Jun 05, 1896
Page
4
The Jarthage Record notes its Friday morning publication by William G Allan dated Friday morning June 5 1896. The item confirms the paper’s weekly schedule and attribution to proprietor William G Allan.
The United States logged 4,512 business failures in Q1 1896, the highest since 1885, with total liabilities reaching 62.518 million dollars, about 80 percent above the year-ago level. Western states show dramatic liability growth, while New York, New Jersey, Pennsylvania and Delaware report 1,030 failures and 21.102 million in debt.
The German law shows receipts of 481,428,501 and expenditures of 557,581,885 in 19 months, a deficiency of 76,257,515. The McKinley law records receipts of 566,914,004 and expenditures of 541,980,788, a surplus of 24,988,221.
A treasury department report on the Wilson tariff of 1890s year 1895 shows the law collected duties on 52 percent of imported goods, versus 41 percent under McKinley. The contrast implies higher free imports under McKinley and lower under Wilson, challenging proponents’ claims.
In the woolen region it is believed that over half the nation's mills will close soon. Goods from these mills are unsold, and owners have long awaited congressional relief. With no relief forthcoming, they abandon the unequal fight against cheap labor until a belligerent Senate and a Republican president take office in Washington.
United States senator J M Thurston of Nebraska declares in Philadelphia that the campaign should not hinge on state boundaries and highlights cross state unity on tariffs and protection. He praises McKinley as the sole presidential nominee worthy of support and emphasizes prosperity for all American households.
The Portland Republican notes farmers petitioning Congress to raise the hay tariff due to a surge in imports after the Wilson law cut duties from $4 to $2 per ton. From 125,000 tons pre McKinley to only 29,000 after, imports exploded under Wilson with 878,860 tons in 17 months versus 140,083 in the prior 17 months, a 150 percent rise costing US farmers nearly $2 million. Barley price in North Dakota adds to free traders' concerns.
Advice urges kindness and patience at home to ease a wife s trials and promote health. The article promotes Chamberlains Cough Remedy as a household staple and notes it is sold by O S Coffin & Co Druggists. Also mentions a balloon ascent near Cambrai and recommends DeWitts Little Early Risers for liver purification and blood health. The Buffalo head bronze casting at the Union Pacific bridge is cited with travel and employment notices also included.
Rich discoveries of gold at Cripple Creek Colorado and nearby areas are boosting expected 1896 production to two hundred million dollars. Cripple Creek alone yields over one million dollars monthly and rising. Mining stocks surge with high dividend yields and rapid price gains. Joan I Tatuman & Co of 45 Broadway New York offer free details on Cripple Creek mining firms and their stock and commodity speculations.
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