State Treasurer James Smith Quoted at 100 Percent
State Treasurer John C. Smith of Jo Daviess County reported from New York on Monday with gold quoted at 100 percent.
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Newspaper
Freeport Journal
Location
Freeport, Illinois, United States of America
Date
Aug 28, 1878
Page
2
State Treasurer John C. Smith of Jo Daviess County reported from New York on Monday with gold quoted at 100 percent.
The newspaper notes Grant and Key as the latest possible presidential pair in the 1880 race, reflecting ongoing state level discussions among supporters and press.
The speaker labels "pint money" as the kind of money that all honest and sensible men will die for, describing it as a raw, hard currency favored by Greenbackers and despised by opponents.
Lieut Geo Peppon of Warren and Charles Burt of Dunlieth contest the Republican nominating convention for the Jo Daviess Legislature seat. The outcome will depend on party decisions.
Lieut Robert Pool of Galena seeks the sheriff nomination in Jo Daviess. He is described as a good soldier and top citizen and is hoped to secure the nomination and be elected.
Senator Blaine closed his Maine Republican convention speech by proclaiming we will never violate the nation's solemn pledge to the world as the convention and the party united in shouting never. The exchange highlights strong anti greenback sentiment and pledges to uphold fiscal commitments.
Meacham resents being likened to the district’s distinguished soldier bound for Congress. He grows angry at a previous Journal credit claiming honors not his. A Toledo Convention delegate list shows COLONEL A. D. MEACHAM of Freeport Illinois noted among attendees, lifting his status in his view.
The piece notes broad acres yielding rich returns due to patient toil and wiser economic habits among rich and poor. It claims nature, via soil alchemy, has minted Fiat dollars totaling 81,000,000,000, to be gathered into the nation's wealth before winter, benefiting the husbandman and domestic life.
The Journal challenges self styled financiers who claim government bonds are not taxable. It argues a 1 percent tax on new 4 per cent bonds plus 1 percent by states would force 6 percent interest, negating any government gain. It notes taxable status enables bonds at 4 percent and asserts investors pay taxes via bonds.
The piece argues against unlimited irredeemable greenbacks, claiming they would raise costs for laborers while not significantly boosting wages. It condemns free trade as importing labor and harming employment, warning of widespread hardship amid a disease crisis and noting substantial charitable aid to Southern cities from the public.
The letter column debates A D Meacham and A V Richards over Democratic nominations for Congress. The writer defends the party while mocking Meacham as a Greenback adherent and Brick Pomeroy’s follower, then pivots to praise national growth, trade, and prosperity. The piece ends with optimistic notes on railroad expansion and currency strength.
The yellow fever scourge rages with unabated fury in Southern river towns and cities and has reached Memphis. Isolated cases appear in St. Louis Cincinnati Philadelphia and one in New York City. The outbreak is unusually violent this season and affects the colored population most. frost is awaited to abate it. Towns are nearly depopulated as people flee to healthier areas amid widespread suffering.
The Buzzard attacks Aldermen Zartman and Kuehner over a $100 city donation to assist yellow fever sufferers, arguing the council had no legal right. Mayor Toner urged action, while supporters cited fairness to taxpayers. Also defended is Mr. Burchard’s standing in the Fifth District contest against Major Hawk, with details of votes and nominations.
A Wisconsin central rail plan to extend to Freeport draws praise from business and citizens, aiming to connect lumber markets with Iowa Missouri and Texas routes. The piece urges tax relief to attract manufacturers, praises the Narrow Gauge road, and condemns misrepresentation by a city paper while urging coordinated public support.
The Sangamo Monitor of Springfield endorses Ilon W. H. Chamberlain as a worthy Republican nominee for Congress in the district. It notes strong support and speculation about a canvass, citing his debating skill and alignment with labor and finance questions, and mentions Springer and Judge Mather as prominent party figures.
In a sharp public exchange, critics accuse Mayor Krohn of self interest in backing a city funds donation for relief. They argue a subscription route would curb his personal fundraising and question motives behind circulating funds. The debate centers on legality and public perception.
The Chicago and Northwestern Railway Company reports ownership of 337 engines and 0 289 cars in its rolling stock inventory.
In a bold editorial the Creston Times declares independence from party ties and endorses Major Hawk as the true Republican candidate for Congress in the Fifth District. The paper notes its past Democratic loyalties but states support rests on merit and election merit rather than party line.
Wary farmers are warned that ongoing help to repudiation and inflation schemes could backfire, causing greater damage to their own interests than to any other class.
Baileyville Illinois notes rapid change as new businesses open and old institutions evolve. Colby adds improvements and a traveling livery. Capt Reids Mercantile Block is reoccupied. James LeTeer and Knapp buy milking machines hinting at a creamery. Aug 17 1878.
It is probable that no nomination in Congress would have drawn as much public enthusiasm as Capt Hawk. An Illinois Infantry veteran with a distinguished record, he lost a leg and has served twelve years as county court clerk. He is the district’s most popular man and should receive hearty Republican backing.
Disjointed passage mentions Congress fleeing with fighters against the Union and questions Sitting Bull should be allowed to return. References to bull horses burnt houses and harmed people, notes on education at West Point and oath to support the Constitution, with unclear chronology and names.
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