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Newspaper
Freeport Journal
Location
Freeport, Illinois, United States of America
Date
Feb 20, 1878
Page
2
Notwithstanding the silver bill passage by the Senate gold was quoted in New York on Monday at lows. The item notes editor Richards and the Freeport paper date February 20 PST.
Early returns suggest Eustace is elected by a large majority though full results are not yet in. Roads' poor condition kept many voters home, with cities backing Eustace and rural precincts favoring McCoy. In Freeport liquor interests rallied for Eustace due to McCoy's name before the temperance convention.
The war in the East is at a standstill as the English fleet anchors off Constantinople after passing the Dardanelles. Russian forces near Gallipoli threaten the key to Constantinople, with both sides facing the capital and risking a broader European conflict if missteps occur.
A synopsis explains the General State Law on March election for city organization. The plan would make the mayor serve until 1879 while aldermen lose office, shift City Marshal and Street Commissioner to appointive roles, and increase aldermen to ten with five wards. Further details promised next week.
The Bland Silver bill, creating a 4121g plain silver dollar as legal tender, clears the Senate 48 to 21 after amendments. It limits monthly silver dollar coinage to 4 million, allows silver bullion certificates, and proposes a double coin standard with an International Commission. The bill returns to the House for concurrence. a veto by the President seems unlikely.
The article discusses the Senate passing the silver bill and sending it back to the House for concurrence, noting it will likely become law soon. It argues that government money requires repayment in value, criticizes unlimited greenbacks, and contrasts wartime money with current conditions and employment. It also includes a nearby note from the Rockford Journal urging farmers to watch tariffs on oats and oat meal and protect domestic oats markets.
Analyzed as a path to stability, a writer warns that global overproduction and war- era demand collapse hinder a return to “good times.” Wages fall but currency value rises, urging retrenchment, prudent finance, and living within incomes while arguing remonetization of silver dollars could ease long- term strife.
Rev Talmage warns journalists face daily exposure to world shams vanity revenge and error. He notes editors reporters see folly and temptation to doubt God man and woman and laments skeptical tendencies in the profession.
The Senate passed the Silver bill at 6 am by 48 to 21 amid cheers from supporters and a mood of discouragement among opponents. Reports describe intoxicated senators in the chamber during late debate and calls for restraint as the measure moves toward potential presidential veto and final law.
Secretary Sherman denounces the Anderson case as an outrageous use of law and asserts plans to publish a dispatch. He attributes the conviction to a biased jury and racial prejudice, arguing the prosecution relied on public duty to purge violent intimidation from Louisiana election returns.
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