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Reed on Prosperity. Response by the House Speaker to Bryan
The piece discusses education in finance and the belief that capital costs create lasting wealth. It contrasts eastern and western attitudes, notes repeated economic cycles since 1874, and cites political figures like John Sherman and Samuel J. Tilden. It recalls Maine’s 1878 election shift and the push for specie payments and greenbacks amid economic distress. The text argues the nation is learning to rely on capital costs and productive wealth.
MENTIONED IN THIS ARTICLE
The
Press Pubtaking Company
New York World
Pokthaxp
John Sherman
Samuel J. Tilden
Maine
Bijne
Ib Aw
Bir