21 Nov 1877
Page 1
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This newspaper page contains 15 articles. Subscribers can read the full text of each article.
Newspaper
Fort Wayne Weekly Sentinel
Location
Fort Wayne, Indiana, United States of America
Date
Nov 21, 1877
Page
1
The colored South Carolina congressman Smalls was found guilty on eight charges of accepting a $5,000 bribe to back a swindling printing contract. The jury included seven negroes and five whites. Councilman Zanpatou urged presenting police corruption evidence to charges guilty parties, or withdraw.
The text claims that silver is a scheme by bonanza wine owners in Nevada and California to push their products at high prices. It cites Dr. Linderman’s mint report showing 1877 silver production at 33.5 million dollars versus gold at 546.75 million, with gold surpassing silver by 8.25 million. It concludes new mines produce more gold than silver to sell.
Paris reports MacMahon may dissolve the assembly again and submit his resignation to a plebiscite. Louis Napoleon rose to power through patronage and terror, and a near unanimous 7,000,000 vote crowned him emperor. MacMahon cannot match that success and would likely trigger a severe civil conflict in France.
Tension grows in Calcutta as 40 million Indian Muslims rally to support Turkey amid Russian and Bulgarian conflicts. Mosques pray daily for Sultan’s victory and leaders consider aiding the Ottoman cause, risking wider insurrection fears for British India.
The Terre Haute district covvrveesman presents a算 calculation claiming national bark notes are cheaper for the country than greenback currency. He cites printing costs, state taxes, and overall expense through 1875, arguing that bonds and related obligations cost less than paper money over the period.
The suicide of Daniel Coulbaush, president of the Union National Bank, sent a shock through the city and its bankers. Widely respected as a financier and Democrat, he had led the bank for years and was deemed solvent despite the tragedy personal troubles and ill health.
The article discusses national bank currency values and silver and gold reserves, noting a 1862 note redemption framework and sums like 14 million dollars in paper money. It cites treasury vaults, bank liabilities, and projected figures for specie and paper money as economists argue about inevitable currency resumption and money supply adjustments. It mentions Albert Gallatin as a contrasting viewpoint in the debate.
The text argues for permanent circulation of an inconvertible paper currency and suggests coinage actions to swap treasury notes for silver and gold. It contends a national bank currency equal to annual revenue exists, estimates totals near 500 million in greenbacks and 800 million in coin, and urges Congress to restore the silver dollar to avoid further contraction of the greenback currency.
A Washington telegram outlines severe criticism of Mr. Hayes for nominating Henry S Sanford as minister to Belgium. Sanford’s prior career included scandal and two Senate rejections tied to a 21,000 brass credit to buy faulty rebel cloth. The case draws sharp charges of bribery dinners for Evarts Seward and possible peddling of positions for favors.
The New York guidance notes claim remonetization of silver is dishonest and inferior, yet supporters argue debts contracted in depreciated currency should be repaid in the original value. They contend the public debt and private obligations from 1869 to 1870 were issued in lawful money and must be settled in dollars of that era, not gold or a later standard.
The law states that when a domestic animal trespasses and injures, the owner may recover damages. It notes that if a township allows animals to roam under county commissioners' order, the fence must be lawful. If roaming is not permitted on unenclosed commons, proving a lawful fence is unnecessary to recover damages.
The first quarterly report outlines minimal expenses so far as Indiana’s state house commissioners study neighboring capitols in Michigan and Illinois, hire experts, and reopen plan competitions. It notes careful economy, a $2 million cost limit, and steps toward laying a foundation by 1878 with plans and bids to follow.
Attorney General Buskirk states the only fixed term is for justices of the peace. The legislature may set terms for other township officers, with elections moved from October to April. An April election will determine successors, then officers may qualify ten days after. Senator McDonald started as a saddler. Leased Bright once worked in a brick yard, noted to add honor to them.
A New York and Philadelphia bankers delegation met the president and Secretaries Sherman Ew arta and Schurz to oppose the house silver bill, warning of public credit harm and industry impact. They urged protection for citizens, while the treasury secretary noted that others can protect themselves too. The visit followed other Capitol items on transportation, adjournment, and Indian affairs.
The Senate read a bill funding the army for the year ending June 30, 1878 and referred a reciprocal commerce commission with Mexico. The House debated repealing the resumption act, discussing gold payments and public debt. A resolution on government department investigations was adopted. session adjourned.
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