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Newspaper
The Progressive Farmer
Location
Raleigh, North Carolina, United States of America
Date
Feb 28, 1893
Page
2
The Progressive Farmer urges intelligent correspondence and notes ad rates, with statements on currency and politics, including references to the Alliance and banking bills. It reports failures in US business, calls for farmer relief, and critiques lawmakers and editors while noting Beauregard's death and cabinet views.
The author defends the Alliance against reproach aimed at the stores and argues the wiser path is to avoid stores, consolidate orders, and buy through the State Agent. Cites Grange-like groups failing after rushing into storekeeping, aided by demagogic politicians.
A Herald reporter exposed Dr Booth running a bogus "medical college" and issued diplomas in Latin after paying $50. Arrests followed as the investigation exposed widespread practice in distant locales. The piece also cites Professor Bonamy Price on money as a tool, linking circulating medium to societal commerce.
The speech of John C. Calhoun in September 1837 notes North Carolina’s early post revolutionary issue of paper money. It was made receivable in dues and a legal tender but not obligatory after the Federal Constitution. A large sum remained in circulation at par with gold and silver for over twenty years within state revenue.
The passage argues that North Carolina could not issue legal tender before the Federal Constitution and surrendered that right. It states banks may only issue promises to pay in legal tender on demand, valid only if redeemable in specie. It warns excess issuance undermines public trust, risking suspension of specie payments and bank closures.
The Senate adopted a substitute for the House bill repealing the Alliance charter. After proceeding through readings it was concurred by the House. Amendments to the old charter are printed. the distribution of the Business Agency fund remains controversial, with about $33,000 from roughly 23,000 small contributors. The piece argues against fund return and says names of fund callers will be published to expose motives.
The article recalls Judge Gresham's appointment as Secretary of State under Cleveland. It notes initial doubt due to his lifelong Republican ties, his Omaha People's party convention bids, and his subsequent presidential platform offer rejection. It mentions that many Democrats supported him, yet party dynamics left some feeling misled by last fall's vote.
Congressional debate centers on repealing the Sherman act and ending the silver bullion issue. President Cleveland opposes the current law and calls for repeal. A repeal bill stalled in the Senate, while the House faced a test vote on the measure amid procedural moves by General Cutchings.
The measure passed 153 ayes to 142 in a party split vote. Republicans 35 39. Democrats 108 103. Populists 11. Silver advocates pressed repeal of the Sherman Act with immediate free coinage of gold and silver at 1 to 16, but no pledge from opponents, leaving the issue to the next Congress.
In Washington on February 23 1893 the Reform Press Association and Free Silver delegates meet amid windy hotel chatter and snow. Gen Warner lays out the silver campaign arguing for unlimited coinage and parity with gold, while delegates from many states discuss methods to organize a nationwide silver drive ahead of Cleveland's inauguration.
The Southern Mercury lampoons former members of the Farmers Alliance who left for not receiving immediate financial benefits. It defends Alliance aims as a school of political economy, promotes intelligent voting, and argues education over partisanship cultivates freedom, urging self-reliance and informed citizenship.
A Piedmont letter from GoLD Rock Nash County argues for Progressive Farmers ideals and road reform. The writer condemns corporate and railroad costs, urges state action to protect labor and debt relief, and calls for laws that require those who profit from roads to bear the burden of maintenance.
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