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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Mitchell Capital
Location
Mitchell, South Dakota, United States of America
Date
Oct 02, 1896
Page
5
The text presents McKinley’s argument against free coinage and silver expansion. It asserts that free silver would not ease labor, farming, or industry, and would devalue the currency, harming workers and farmers while the government bears coinage costs. It warns that debasing money weakens national prosperity and calls honesty essential to national prosperity.
The text argues positions on monetary policy including gold and silver standards, fiat money, and debt obligations. It frames a partisan choice urging voters to support a party promising a gold standard and stable finances, or align with silver advocates and fiat proposals, depending on views on inflation, wages, and credit access.
The speech argues that a sound currency protects the wage earner, farmer, and artisan from debasement. It warns against free silver, explains value shifts under 16 to 1 coinage, condemns silver frauds, and extols property as the fruit of labor with Lincoln’s ethic urging self-reliance and industry.
The piece argues hay price fluctuations from 1873 to 1898 reflect the crime of 1873 and gold policy. It compares crop yields and horse numbers, warns farmers against free silver, and cites savings figures showing value loss under free coinage. It includes satirical notes on silver’s influence and a quip about a monetary fix.
Ex-President W Harrison argues in a New York speech that Congress can establish a silver basis by coining silver and making it legal tender but cannot force gold and silver parity without market support. He warns value is set by merchants and trade, not decrees, and notes gold may leave circulation if not accepted. The piece then reviews The Free Coinage Problem, a 48 page pamphlet by Lewis N. Dembitz praising monetary history and advocating informed voter choice on free coinage.
A quotation from the St. Louis Globe-Democrat notes that repudiation punishes credit by destroying it, calling it the worst misfortune. It argues that the United States should not settle for a devalued 50 cent dollar and should aim for a true dollar to sustain financial trust and strength.
Ex minister to England Edward J. Phelps urges Democrats to oppose the Chicago platform and Populist free coinage. He warns that a disturbed currency endangers business, confers prosperity through confidence and stable money, and questions Bryan's belief in renewed silver parity under free coinage.
Ex-Congressman Bourke Cochran denounces William Jennings Bryan on free silver in a Madison Square Garden address. He argues wage a rise protects prosperity, while cheapening wages harms laborers and broad production, contrasting Democrat protection with Populist wage cuts.
The argument warns that free coinage of silver devalues money and harms credit. It contrasts a gold dollar and a silver dollar hammered into shape, noting gold retains value while silver loses half its worth. It asks whether free silver damages lending, borrowing, and manufacturing finance, driving the US away from fixed value currency.
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