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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Silver State
Location
Winnemucca, Nevada, United States of America
Date
Nov 24, 1894
Page
2
A Denver News editorial rails against a silver based monetary scheme aimed at expanding currency to quell agitation while preserving the current evils of a strained exchange. The piece calls for a public campaign by reform presses to oppose debt creation in peacetime and to ventilate the plan’s knavery.
The piece argues the United States is on a gold basis with gold reserves barely covering obligations. It claims the system benefits Wall Street and private banks, enabling regular debt issuance to enrich the finance class and expand political influence, while harming producers and industrial workers.
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