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Newspaper
Geneseo Republic
Location
Geneseo, Illinois, United States of America
Date
Aug 11, 1893
Page
4
A presidential message to Congress argues that congressional silver purchase laws have caused a financial downturn. It warns that sustaining gold and silver parity via 4.5 million ounce monthly purchases risks depleting the gold reserve, prompts foreign investment declines, and endangers the nation’s currency stability. The plea calls for immediate relief and nonpartisan action to protect wage earners and the economy.
President Grover Cleveland calls Congress to session in September to discuss tariff reform and insists on immediate repeal of the July 14 1890 silver bullion purchase act. He prioritizes the nation’s financial condition and the government’s ability to meet monetary obligations.
Barr Ferree argues in Engineering Magazine that American cities grew independently, duplicating mistakes of older towns. He cites New York Boston Philadelphia and western cities, noting easterns lag in metropolitan reform while westerns advance. The piece contrasts governance and growth patterns across regions.
In Denver Colorado Bobby Taylor died Friday afternoon after a brutal twenty two round prize fight with Kid Robinson. The match ended at midnight in a draw and Robinson was arrested on a murder charge. Other arrests are expected.
Prof Barrett Wenpert of Harvard plans a volume of essays on Puritan New England life. The final Putnam edition of Washington's writings arrives this fall after a long index preparation. Tomas Paine writings edited by Moncure D Cogway fill four volumes. Dick Cosoway debuts a serial on Eugene Vidocq detailing a famed French rogue turned detective.
In Corrpoy Indiana a white caps mob fires on the Conrad house after they escort kin to safety. Five killed, including men named Wiseman Timberlake Houston and May, as a posse hunts the brothers and the crowd fears a broader blood feud.
Milwaukee stockholders met Monday with 3445 shares represented of 5000 total agreeing to resume business if 800000 dollars can be raised among stockholders. The plan hinges on gathering sufficient capital from investors to restart operations.
In Colorado Springs Aug 8 Richard Wood and two companions attempted a rough board toboggan descent from Pike's Peak. They completed 9 miles in sixteen minutes before brakes failed and the sled jumped the track. The men were hurled 30 to 75 feet down the mountain, suffering serious injuries.
At Wasnington, a treasury official warns that hoarding by people rather than banks is widening currency scarcity. He cites billions in notes outstanding, with small denominations compressed into nonusable forms, while merchants pay premiums for currency. In Philadelphia relief emerges as employers issue five dollar wage checks through the clearing house, circulating as money.
New York reports that Hoffa & Co will ship $500,000 in gold on the steamship Lahn from Southampton, while Helderbach, lektl heimer & Co will ship $500,000 on the same steamer and an additional $100,000 via Saturday's steamer. Overall $307,000 is noted en route to the United States.
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