Speculation and Money Supply Under Mint Director Insight
The Mint Director explains that monetary stringency does not imply real money scarcity. He notes that easy money fuels speculation, prices rise, and demand for cash expands even as banks and markets struggle to keep up. The piece traces historical cycles from 1850 to 1857, warning that margins drive volatility and debtors face losses rather than systemic wealth.
MENTIONED IN THIS ARTICLE
Washington, Lee
George TS. Roberts
Mint
Mwe
Gankers
Bank of England
Speculation and money supply drive explains inflation
The article argues speculation, not higher money supply, fuels credit inflation and bank reserves. It notes marginal trading profits, war effects on money markets from Transvaal trade shifts, and forecasts continued gold production in Colorado Cripple Creek and Alaska. It closes with December 27 Harbor Beach dispatch on ship safety.
MENTIONED IN THIS ARTICLE
London
South Africa
Ransvant
Colorado
Woon
North American
Cripple Creek
Transvaal
Alaska
Klondike
Cuban Prisons Described as Hell by Investigator
New York report by Chariton T. Lewis, president of the New York Prison Association, details Cuba's penal institutions. He urges war department action to end overcrowding, filth, and indefinite detention. He cites prisoners sleeping on bare stones, with little clothing or blankets, and slow judicial processing for the underprivileged.
MENTIONED IN THIS ARTICLE
New York
Chariton T. Lewis
New York Prison Association
Cuba
United States
Secretary of War
War Department
Lewis
Hell Upon Earth
Debris of Bodies Recovered From Brazwell Mine Disaster
In Brownsville Pennsylvania the body of Andrew Forber was found hanging fifty feet up a mine shaft after an explosion. Forber stayed alive for three days. Two other mangled remains were recovered, nonIdentifiable foreigners. The death toll rises to twenty three with more bodies believed still inside.
MENTIONED IN THIS ARTICLE
Brazwell
Andrew Forber
Brownsville
Brazwell Mine
Thawing Out Saves Bohemian Laborer in Inquest
In Eau Claire Wisconsin Coroner Tsortsch and Dr Selbach rushed to Rock Falls to inspect Michael Ishilo a Bohemian laborer aged about 60 found in an open field from midnight to 7 am believed frozen to death. He revived after thawing at widow Tomaschek farm and may recover after medical aid. The cause appears to be a fall into a fit on his way home.
MENTIONED IN THIS ARTICLE
Eau Claire
Wis
Tsortsch
Selbach
Rock Falls
Michael Ishilo
Tomaschek
Picked Up Frozen in the Street in Green Bay
A man named Frank Roalt was found in Main Street in a serious condition with frozen hands and feet and several head wounds. He was hospitalized with the cause of his injuries unknown.
MENTIONED IN THIS ARTICLE
Green Bay
Wis
Frank Roalt
Main Street
General Hospital
General Brooke to pause in south before northern move
Washington Dec 27 General Brooke who arrived at St Augustine La yesterday from Cuba is not coming north at once but is expected to stop at St Augustine or another southern resort for a time to avoid a sudden climate shift.
MENTIONED IN THIS ARTICLE
Washington
Brooke
St. Augustine
Cuba
Boutelle in Serious Condition in Maine Representative
Boston December 27 The condition of Representative Boutelle of Maine who was taken ill in this city last week and later moved to his Bangor home is reported serious. He was conveyed to a sanitarium in Boston on Monday for treatment.
MENTIONED IN THIS ARTICLE
Boutelle
Boston
Representative Boutelle
Maine
Bangor
Springfield
Ill
Disastrous Portage Fire and Local Incidents
A Portage Wisconsin residence of Mrs Frank Race burned with losses near 2500 dollars, partly insured. A masked woman gave presents to Oak Park police in Chicago. A station desk showed cigars boxes and candy. Beer stamps worth 5800 dollars were stolen from Conrad Seipp’s buggy. Frank Bavis loss of legs after attempting to board a northbound freight in Hudson Wisconsin. Michael J Brown, 106, dies at Mercy Hospital Chicago the city’s oldest. Five million pounds of turkey and fowl prepared for Chicago’s Christmas tables. Citizens of Minnesota ship a black bear to Admiral Dewey. Israel Litto Jen wood Wisconsin found dead from head injury. Patton Cisco killed by James Patton in White Oak Kentucky after exchange of cuts. Lord Kitchener arrives Gibraltar from Egypt. Three children perish in Middletown Connecticut fire.
MENTIONED IN THIS ARTICLE
Frank Race
Portage
Wis
Oak Park
Chicago
Internal Revenue
Conrad Seipp
Frank Bavis
Cherokee, Ta
Hudson
Tie
Michael J. Brown
Mercy Hospital
Roland Reed
New York
Minnesota
Admiral Dewey
Israel Litto
Jenwood
James Patton
Parkin Cisco
White Oak
Patton
Cisco
Lord Kitchener
Gibraltar
Egypt
Middletown
Conn
Dixon
Young Idea Teachers Suggestions Of President Lane
The Mit nels Late Teachers association opened its forty sixth annual meeting in Springfield with about 1500 attendees. Secretary of State Rose welcomed, President Albert G Lane urged state aid for rural schools, training classes, and stricter duties for superintendents, plus five state assistants for school visitation and teacher councils. Also notes on the Illinois Horticultural Society session and Bee Keepers conference discussing orchard fertilizer, blight resistance, and beekeeping topics.
MENTIONED IN THIS ARTICLE
Springfield
Mitnels Late
George St Seymour
Rose
Albert G. Lane
Chicago
Boards of Education
Tls
Minois State Horticultural Society
Henry M. Dunlap
Savoy
H. A. Aldrich
J. C Blaly
University of Tinois
A. A Hinkley
du Bois
William Is. Praeger
University of Illinois
J. Freeman
Princeton
Cam D- Nois
T. I. Goodrich
Cobden
State
Bee Keepers’ Association
Chicago Peoria and St Louis Railway charter filed
Articles of incorporation for the Chicago Peoria and St. Louis Railway company were filed with the county recorder. Capital stock 7 350 000 dollars. First board includes Curtiss Millard Ralph Blaisdell Bluford Wilson James Duncan Charles B Kimball George D Mudford Blebelous Smith. Plans to acquire Chicago Peoria and St Louis and St Louis Chicago and St Paul on January 9 and run under one name. Routes span Pekin Springfield Havana Jacksonville Hanavan Rock Island and East St Louis Lock Haven Grafton.
MENTIONED IN THIS ARTICLE
Chicago
Peoria
St. Louis
St. Paul
Springfield
Ill
Peoria and St. Louis
County Recorder
Curtiss Millard
Ralph Blaisdell
Bluford Wilson
James Duncan
Alton
Charles B. Kimball
George D. Mudford
New York
Ble
Chicago Man Sent to County Jail for Missing Testimony
Charles Orchardson of Chicago is jailed in Quincy as his attorney seeks explanation for his actions with estate funds of the late Mrs. Minerva Merrick. He failed to appear to testify after being cited, then boarded a train for Chicago and was returned to jail.
MENTIONED IN THIS ARTICLE
Chicago
Quincy
Tis
Galesburg
Loneliness on the Spray and Joshua Slocum's voyage
A fragmented reminiscence from Joshua Slocum's solo voyage aboard the Spray recounts lonely Atlantic nights from Boston toward Gibraltar. He describes fog, awe, memories, singing to soothe isolation, and the imagined companionship of an oarsman at the helm, with vivid maritime detail and personal reflection.
MENTIONED IN THIS ARTICLE
Spray
Joshua Slocum
Boston
Gibraltar
Gail
Gulf Stream
Neptune
Atlantic
Darby
Babylon
Christmas and New Year Excursion Rates Announced
The Chicago Great Western Bay offers winter excursion tickets from Dec 23 to Jan 1 valid for return by Jan 2. Travel within 200 miles of the selling station costs one third of the round trip fare. Inquiries to any C G W agent or F H Lorp general agent at 118 Adams St Chicago.
MENTIONED IN THIS ARTICLE
Chicago Great Western Bay
Chicago Great Western
F. H Lorp
Adams St
Chicago
Special Assessment Notice on Due Tax for Local Streets
The notice informs Adama Carroll Williams on Exchange Street N Galena avenue and Clark avenue property owners that their special tax is due. A 6 percent penalty applies if unpaid by January 2 1900 with a 10 percent rebate on Clark avenue and N Galena avenue. M BauMGARTEN is Special Tax Collector. Westward reduced rates offered by C M and St P Ry Co for second class tickets to western points via Great Northern and Northern Pacific routes. inquiries at local ticket office. J B Swett Agent.
MENTIONED IN THIS ARTICLE
Adama
Carroll
Williams
Exchange Street
N. Galena Avenue
Clark Avenue
Great Northern
Northern Pacific Railways
J.B. Swett
Holiday Excursion Ticket Sale Across Northwestern Line
Tickets will be sold at all stations on the Northwestern line and partner lines to any point within 200 miles of the selling station at greatly reduced rates. Dates include December 23 24 25 80 and 31 1899 and January 1 1900. valid until January 2 1900. Apply to agents Chicago North Western Railway for full particulars.
MENTIONED IN THIS ARTICLE
Chicago & Northwestern Ra Y
Also Mentioned on This Page
George E. Roberts
Harbor Beach
Mich
John B. Lyon
City of Rome
Columbia
Oshkosh
Hureka
Charles Floyd
Rushford
Young Idea Teachers
Illinois Association
Lane
Harry Tretzenstein
North
Lincoln Street
West Chicago Avenue
Maren Meads Self Defense
Chester
His
Dee
Marcum
Tiarry Somers
Toom
Somers
William Consler
James Gallaway
Rudolph Betty
Carterville
Allen
United States Court
Foley
Moogh
W. F. Jungkunz
Greater London
Inner London
Chamberlain
Emmert & Burrell
H. J. Moogh
England
Dr. Pierce
Opp
Koenig’s
Stephenson St
Drs
Carratte & Barnett
R. H. Carratte, M. D
Mgr
Freeport Water Co
A C. Thomas
Galena Street
W. J. Rideout
Stephenson Street
A. L. Gripert
Loan & Building Association
Galena Avenue
Soldiers’ Monument
E. Mayer
Sec'y
George Schmidt
Gents
Welsbach
Foreman Shoe Co
State and
Madison Sta
Curiaco
Welsbach Commercial Co
Washington St
J. H. Foreman
Y. Foreman Shoe CO
Freeportbight& FuelGo
C. A. McNamara & Co
A. McNamara & CO
California
Oregon
Chicago, Union Pacific and
North-Western Line
Chicago & North-Western Railway
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