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Mitchell Capital in Mitchell, South Dakota

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

Mitchell Capital

Location

Mitchell, South Dakota, United States of America

Date

Aug 28, 1896

Page

5

History of money and its evolution across civilizations

An overview tracing money from hunting and fishing skins and shells to beaver pelts and wampum, then cattle and slaves, through agricultural and manufacturing stages, to stamped metal coinage and the gold standard in international trade, noting why certain items were demonetized and how gold became the global unit of value.

Indian Ocean Persia Ceylon New England Long Island New Amsterdam Norway Europe Mexico Central America Virginia Maryland Newfound- Bacco Africa Palestine Sparta West China Italy Rome B. C Julian II Florence Western

Gold Standard Debate and Silver Prices Highlight Local Notice

The piece cites the shift to a gold standard as the world’s norm, arguing silver cannot match gold’s stability. It quotes Byron W. Hott promoting silver dollars for farm payments in Sherman, New York, with fixed prices for livestock and products. It notes A. B. Sheldon’s Aug 1 notice promising inflated silver dollar payments to farmers without government repudiation.

A. B. Sheldon Sheldon Chautauqua United States

Double Standard Maple Sugar and Political Quips

A syndicated piece recalls Dutch settlers in Mohawk Valley trading maple sugar with Yankee peddlers and a Dutch farmer who boasted he made sap into sugar using spring water. The second excerpt riffs on political conventions, noting a missed plank about property day laws and electoral half measures.

Mohawk Valley F. G New York Sun Washington Star

Silverites Mislead On Coinage For Extra Money

The piece critiques the silverites claim of cheaper dollars and questions how a 16 to 1 free coinage law could boost money supply. It argues such a policy would devalue gold, lock up $600,000,000 in gold at a premium near 50 percent, and remove gold from circulation, offering doubt about the promised increase in money.

Silverites

Free coinage would injure farmers and markets

A threshold against free silver is argued, detailing how 16 to 1 coinage would trigger loan calls, mortgage foreclosures, scarce credit, and widespread farm bankruptcies. It warns of a financial panic, halted credit to merchants, factory shutdowns, unemployment, and collapsing farm demand, plus disrupted trade with gold-standard nations.

Europe India China Japan

Free Silver and the Price of Cotton

An article from The Arena argues free silver decreased cotton prices. It compares 1865 bale value to 1896, cites price drops and silver coinage, and counters the claim that 1873 currency changes alone reduced cotton values. It warns farmers about mortgage risk under 16 to 1 silver standard and high interest.

The Arena

A Lesson From Egypt Onions and Cats Currency Tale

Whidden Graham in Puck recounts an ancient Egyptian tale where a 16 to 1 cat to onion ratio formed a papyrus currency. Nubian onion production surged by 968 B C, forcing a devalued ratio to 80 to 1 and a royal decree that cats remain the standard, while onions float at par with cats in value. Pharaoh Ram Bankshus II rejects onion coinage, telling onionites to return to farms as the first currency agitation ends.

Faque Hur Upper Nile Ram Bankshus II Ram Bankshus Egypt Whidden Graham Puck

Government Owns Silver Mines for Public Benefit

Debate centers on making silver mines government property to ensure free coinage profits benefit all citizens rather than a few mine owners. Critics warn of risks from concentrated control by a few, including potential manipulation of production to influence money supply and national economy.

Silver and coinage debate on restoring pre 1873 conditions

The piece questions free coinage advocates who seek to return to pre 1878 conditions. It cites 1873 world silver output of 61.1 million ounces with silver in a dollar worth $1.04 in gold, versus last year’s 165 million ounces and silver value at 50.7 cents. It asks if miners will push production back to 1873 levels as a first step.

Julian II Trade Journal Lumber Trade Journal Richmondville N. Y Phoenix

Eminent Bimetallist Opposes Free Coinage By United State

Professor Edouard Suess the leading Austrian bimetallist argues briefly yet forcefully against free coinage by the United States He warns it would cost this country its gold and force buying in England to meet foreign obligations He says one nation alone is too weak for such a policy and could trigger financial or economic crisis The note also draws a parallel to Coxey army poverty and creditor property questions as moral contrasts to confiscation rhetoric

Edouard Suess Austria England

Also Mentioned on This Page

Friends of Tobacco and Corn Ching Anam Greece Chautauqua News of Sherman, N. Y Sherman Huntingdon Germany Coxey
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