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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Lamar Register
Location
Lamar, Colorado, United States of America
Date
Aug 22, 1896
Page
7
A former political argument explains the 16 to 1 silver to gold ratio, detailing how unlimited coinage would back the silver dollar with government credit. It warns that unlimited silver coinage would devalue the currency, erode purchasing power, and drive gold out of circulation.
The text argues that a shift from 16 to 1 to about 31 to 1 would devalue silver bullion relative to gold. It warns that silver dollars would be accepted only domestically, risk losing gold reserves, trigger a rapid currency contraction, and spark a severe economic panic with factory and business suspensions.
In reviewing monetary policy, the text argues that under the current system prosperity surged until the push for free silver coinage grew dangerous to business and labor. It suggests widespread employment gains hinged on monetary policy.
Chauncey M. Depew, president of the New York Central, warns free silver would hit railroad workers hardest. He cites $6 billion in gold denominated bonds, gold-payable interest, and potential wage cuts of 23 to 50 percent as silver rates rise. He notes 800,000 railroad workers and similar impacts on telegraphs and other gold-bonded firms.
Pekin Gazette reports several Chinese rail lines planned including Pekin to Tien-Tsin about eighty miles funded by government, Pekin to Hankow across Central China, and Shanghai to Soochow about sixty five miles opening Kiangsu. The Nanking viceroy shifts from opposition to support offering half costs. surveys underway and work to begin soon.
The piece analyzes William Jennings Bryan's mind and oratory. It notes his relative obscurity nationally, youth, and four years in national affairs, yet rising as a likely presidential candidate. It critiques his speeches for emotion over rigorous economic argument and cites a 1908 character sketch from August Review of Reviews.
A woman maintains a rule of writing one friendly letter each day. She shares brief, newsy notes about daily life rather than long epistles. She says this heart to heart chat requires only brief time and helps her keep up with friends without neglecting business duties.
A portrait by John W. Foster in the August Century praises Li Hung Chang as Asia's leading living statesman. It notes his exclusive Oriental education his China life and his need to navigate a conservative bigoted constituency and foreign prejudice.
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