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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Comet
Location
Johnson City, Tennessee, United States of America
Date
Aug 10, 1893
Page
4
The text records jittery notes on a Wyoming senator’s resignation and a governor appointing a new senator. It mentions wheat prices near 40 percent, a Treasury milestone of $100,000,000, and a shift in House clerical roles with Snow’s election. It also notes unrest over the silver question and a general mood of heated politics.
The Rogersville Herald mocks the notion of Hoke Smith gaining support as impossible. The piece notes mixed baseball ignorance among attendees and highlights large railroad finance figures, citing nineteen million dollars in August dividends and nine million more in interest. It adds that the administration plans to aid national banks by expanding currency and the bureau of engraving and printing works overtime producing small notes to meet demand.
Representative Neill of Arkansas denounces the Sherman silver law as vicious and calls for its repeal while arguing McKinleyism worsens financial stringency and must be wiped out before the country can recover. He stresses the need for reform to restore economic stability.
Bourke Cocina of New York and Mr Bynum of Indiana slated to lead anti aiver faction. The Tammany orator, urged by Cleveland, studies the issue this summer. McMillin draws a favorable seat as a Democratic tactician. The Cincinnati Tribune notes the harsher impact on laborers from banking failures and stock shrinkage, while manufacturers regain confidence.
Treasury officials say the scarcity of small denomination bills is not their fault, asserting they have ample supply and that distribution challenges, not policy, drive the issue.
A congressional voice criticizes banks paying premiums for smaller notes while larger denominations could be obtained from Washington, urging an investigation. The Bureau of Engraving and Printing plans to issue about 1.5 million dollars daily to expand general circulation by meeting demand for national bank notes.
Washington whispers point to Judge Holman leaving the Appropriations Chair to head Indian Affairs and Representative Wilson of West Virginia likely succeeding Springer as Ways and Means chair. A compromise to repeal the 4,000,000 ounce monthly silver purchase or give the President discretion to buy silver is gaining ground for the extra session, with many Democrats backing free coinage support.
Io Monday marked a peak in Crisp’s career as he was unanimously nominated for Speaker. The House elected several officials including James Kerr reappointed as Sergeant-at-Army, Herman Snow of Illinois as Doorkeeper, A. B. Hart as Postmaster, Lycurgus Dalton reappointed as Chaplain, and Rev. S. W. Haddaway as Chaplain in the District of Columbia.
A Tammany member argues Cleveland's appointment of two Democrats as port of New York collectors and appraisers is not a slur on Benatora Hill or Murphy. The speaker says Cleveland rewarded party followers, and Hill and Murphy would not object if confirmed.
The Cookeville Press and Carter consolidate into one paper while The Watertown Locex suspends publication. Two Carthage newspapers also merge their operations reducing local titles.
Washington August 8 message to Congress calls for an extra session to repeal the 1880 silver purchase law amid a crisis of credit and confidence. It argues the policy devalues gold, depletes the treasury, and threatens the nation’s currency and economic stability.
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