Treasury push for specie resumption bonds and debt rise
Treasury Department advances plans toward specie resumption, forecasting a bonded debt increase near 18 000 000,000 and a need to dispose of five percent bonds. Over 10,000,000 in silver bullion purchases drive further funding, with $20,000,000 more needed before resumption can start. Secretary Breton asserts authority under the bill to issue bonds and fund the plan. The prior act limited five percent bonds to 500,000,000 with 163,000,000 disposed, the rest under syndicate control for November.
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Wm Wat
le Treasuay Lee
Breton Elaine
Astasia steamer sightings amid insurgent suspicions
Government circles express doubts about the steamer Astasia and its links to insurgent arms shipments. Reports from officials note dropped expressions suggesting Tris lan and related actors. details on Beate or Octavia remain unavailable since Friday. Evidence points to a shipment seized near Kingston waters, including arms and sums intended for insurgents, moving toward a caan post under foreign pressure.
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Black Hills Mining Controversy and Miner Protests at Custer
Report from Custer City notes a miners meeting on Drench Creek amid protests over President Grant's orders and pardons. Leaders affirm the Black Hills as a rich mining district while pledging to respect authority. Spotted Tail Agency delegation departs with claims over compensation and policy.
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Grafton Trots to Lead in Kentucky Racing Return
In Cleveland a gelding named Grafton, owned by Richard Penton of Levington, trotted a strong trial for a upcoming race. Grafton, eight years old, has won eight races, with a reported record of 282, and is bought by Mr. Penton last fall for 1,000. Also noted is May Queen, formerly Nashville Gail, winning at Cleveland in heat two. The piece mentions railroading sale of the Missouri Pacific line for 1,320,000 in New York with Union Trust Company claiming over a million against the buyer.
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General Dither a addressed meeting on financial system in 19th century letter
The Workingmen General Buiter of New York reports General Dither a unable to attend a Legal Tender Club gathering. He argues the current financial system harms 5 million workers by reducing production and wealth, estimating losses around 1206 000 000 and calling for national reform before the Presidential election.
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Legal Tender Club
Duncan, Sherman & Co. Assignee’s Statement Audited
An examination of Duncan, Sherman & Co. shows bills payable totaling 1,121,600 with over 100,000 secured by George Buller accepted bills and funds in Voxna. The liabilities, deposits, and unsecured claims reach 1,916,018, while assets total 2,114,368 including cash, secured loans, and personal assets of members. a deficiency of 1,200,615 is shown and a fraud date concerns Archibald Yeaxter. The Tanner Bros bankery case awaits a settlement aligning assets to liabilities. the Herman statue unveiling in Delwald coincides with a speech by the German Emperor.
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Steam boat disaster at Washington Landing Tennessee
Kreoxville August 1 a stemmer Nngi Marto exploded boiler wrecking the beat killing Captain Jake Frye a passenger an engineer of the Cincinnati Southern and a boy and a man on the bunk. Bongon the pilot and Hood the mate were badly hurt while Fritz the clerk was slightly hurt and several deck hands suffered injuries. August 18 collision on Flint and Perie Marquette Railroad near Flint injures four and kills Thomas Ward conductor and John Yendney.
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Foreign News The Turks and the Warring Christians
Loxpos August 18 A Spanish war steamer exploded while shipping war materials for Barcelona and many were killed or drowned. Racusa August 17 Turkish troops landed at Kleck and march on Mostar with insurgents strong in mountain gorges blocking northern frontier. Floods in India Burmah August 18 Trrawaily overflow damages rice fields and crops.
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Three Towns Nearly Swept Away
Loapox August 19 towns Gluchow Kinula and Searizan in Russia nearly totally burned with other destructions reported in Lithuania and elsewhere in Russia. Vienna dispatch fears Prince Milan expelled from Servia. New currency plans in Washington to replace old notes with fibre paper and improved dies. Dodge, wine and cigar merchant, assigns for creditors. New York banking officials ban District of Columbia bonds. Fifth Illinois district storekeepers appointed. San Francisco order to disclose defaulter Woodruff. Sparta fire destroys elevator and warehouses. hops burned. Dwight Johnson appointed assignee in Paxtons case. Liberal Club seeks Christman memorial meeting. W L Lee killed by train in Pennsylvania. Parker House and church burned in Iowa Hill. earthquake shakes Trollister.
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