State Senator D. Br. Smalling of Carter
State Senator D. Br. Smalling, representing Carter, is identified in the record.
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Newspaper
Comet
Location
Johnson City, Tennessee, United States of America
Date
Oct 15, 1896
Page
2
State Senator D. Br. Smalling, representing Carter, is identified in the record.
As election nears, Brownlow the Republican nominee confronts a stiff primary battle shaped by silver monetary policy. Heads into a split in the party with supporters of gold and free coinage clashing over the St Louis platform and national banking. Opponents Lawrence and Nelson press for decisive stand and party unity against Brownlow's demagogic appeals.
Stanford economist Edward A. Ross warns in a San Francisco Examiner article that continuing price declines would cause the dollar to appreciate about 24 percent annually, adding over 500 million dollars in annual burden against a 20.297 billion dollar national debt. He says the gold standard taxes debtors, throttles production, and risks chronic crises, arguing against inflation and free coinage while criticizing gold standard proponents. He notes wage gains do not offset price falls and urges stopping further price declines.
Democratic leaders across California Oregon and Nebraska issue optimistic polls claiming Bryan will win by wide margins. They cite secretary Cole of Los Angeles taxifying a 50 000 plus lead and Oregon and Nebraska figures ranging from 4 000 to 70 000 populist votes. McKinley supporters warn of money yet concedeCampaign rhetoric contrasts sound money praise with silver party forecasts amid national election talk.
The text presents a congress of opinions about monetary value, gold as the standard, and political positions. It cites Helen Keller and William V. Rooxer, discusses Bryan and McKinley, and uses a parable of a loan repaid in dust or bullion to argue against a market only standard. It questions fixed valuations and the consequences of differing local values, urging a careful stance on currency policy.
An exquisite reproduction of Van Verdenburgh's oil painting Our Bench Show accompanies a Demorest's Magazine offer. Subscribers pay 20 cents for a bound Christmas issue and a Demorest’s copy, via mail, with the December number's extra illustrated cover.
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