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Newspaper
Marshall Statesman
Location
Marshall, Michigan, United States of America
Date
Aug 07, 1896
Page
3
The argument examines free coinage of silver versus gold standards, detailing potential price effects on farm goods and imported goods, banking, and debt repayment. It notes political timing, currency withdrawal impacts, foreclosure risks, and the 1873 Coinage Act's rationale, asserting the law was prudent and aligned with existing standards.
The article recounts advocates of free coinage criticizing the 1873 act that halted silver dollar coinage as secretly pushed by interest groups. It notes the lack of broad coinage revisions since 1637, the 1870 treasury plan to consolidate coinage acts, and the slow Senate and House considerations leading to eventual references and debates in 1872 with lawmakers like Sherwin Susmner Morrill Bayard Kelley Garfield and others involved.
The piece argues that silver’s depreciation stems from global supply dynamics and coinage history. It notes long periods of free silver coinage, compares gold and silver output from 1453 onward, and cites shifts in bullion values and production to explain why silver prices moved despite coinage policies. The discussion frames the 1973 standard and the 1893 Sherman repeal as context for chemical and monetary shifts.
In Sault Ste. Marie region Aug a series of forest fires ravaged towns and farmland. Gladis station eight miles south was wiped out, many residents fled, Drimney was threatened, homes and hogs lost, and the South Shore line stopped as heat and smoke forced passengers to faint. No rain in weeks left ground dry and fires unchecked.
Aug 3 Bessrum Michigan miners face starvation as Tilden mine shuts down all shifts and Rockefeller mines in the city end operations Nos 5 6 7 8 9 and 10 shafts only keep water clear. Many Gogebic range mines are idle with pumps removed and water rising Sutheast regions Hurley Tomwood Bessemer Wakefield report large layoffs and dwindling food aid as army worms wipe out remaining vegetables the poor fund exhausted and families await winter hardship.
A dramatic Owosso romance unfolds as Luther D. Ash from Bonnington travels on horseback from Ox How Montana to win Eliza Spangler. The couple travels to Owosso with Eliza’s mother, planning the Montana wedding, while the groom heads back to finish affairs.
Fragmented report details a man named Negrines shot by unknown assailants and brought to a local hospital where doctors say he will live. The item also mentions weather impacts on Michigan crops, drought in the north, and mixed notes on county agriculture.
Jennie Yeamans, stage actress known for Jane, won an absolute divorce from Charles B. Dingham. Dingham, once a Chicago newspaper man and a manager for Charles Frohman, was previously attached to Yeamans during her marriage. The ruling followed their marriage exposure during Yeamans's Feehans era.
The Times reports Li Hung Chang says England could have prevented the China Japan war, criticizing waning friendship and noting China was unprepared. He proposes duties under the treaty with Russia be raised and predicts reform, a fleet and army within five years. Also Des Moines hosts a gold standard conference where Democrats debate a gold ticket versus abstention or McKinley support.
From Kixenton Ontario reports two men, Martin O Hara aged 87 and James O Hara aged 88, lie near death after a land dispute in Fitzroy township. A brother struck the father as the father shot the son, while another brother tried to intervene.
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