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This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
The Progressive Farmer
Location
Raleigh, North Carolina, United States of America
Date
Jul 04, 1893
Page
2
A fragmentary 1890 letter urges clear self signings in correspondence and mentions seeing the Progressive Warmer advertisement. The speaker stands behind a curtain under a sunset, describing shadows on a track and a dark valley with a river as he contemplates a country whose government is of the people.
North Carolina figure Frank Powell has been named special agent of the General Land Office. Wake County resident R N Wynne reports a cotton bloom on June 29. Rev J P Mason, noted Baptist minister near Chapel Hill, died Sunday June 25 after years of poor health. J F Brinson of Morehead City will address Carteret County Alliance in Newport on July 13. Secretary B R Tyson of Saratoga Alliance cites rapid growth with about twenty five new applications. Peele contributes history of A and M College. readers may judge. The Alliance faces organized opposition aimed at destroying it, yet members endure and rally. Agency trade figures show progress through June 1, with totals surpassing the prior year’s marks. This vetted report ends with hopeful resolve.
A exhortation urging courage and unity among brethren to prove solid ground against enemies. It calls for charity, brotherly love, and expanding reformers, warning that division weakens them and that vigilant watchfulness secures progress.
Daily financial crisis forces widespread reform support across the country. Farmers face continued hardship while reform energy grows. allies urged to spread The Progressive Farmer to every home and rally members to push forward.
The piece sketches a satirical forecast of an extra Congress session. It mocks plans to halt labor and money making, waste surplus goods, and spend trillions on a nationwide leisure program. It imagines no taxes, stoppage of official salaries, and a four year delay to consume excess crops and funds.
The Messenger reports a Wilmington gathering of Bank of New Hanover creditors detailing over 514 thousand absorbed by officers and relatives. Directors are accused of dishonesty or negligence with disputes over receiver appointment and governance.
The article argues England used demonetization of the Indian rupee to influence U S policy on silver. It cites Mint data showing shrinking U S gold reserves and a large trade deficit, claiming England aims to secure global monetary dominance through gold. England reportedly controls gold securities and demands payment, pressuring the United States to stop silver coinage.
The piece cites 1892 and 1893 gold holdings in national banks and the Treasury totaling 238 4539 082 with outside treasury 411 298 938. It argues per capita gold distribution north of the Potomac and in the south and west, condemns reducing the currency to a gold standard, and urges Congress to oppose Wall Street plutocracy. The author claims total gold per capita, highlights regional disparities, and warns of slavery to debt if radical reforms pass.
The speaker warns that without restoring silver to the monetary system Congress will bow to gold backed by England, forcing the U S to pay in gold or bonds. England would impose terms, risking national bankruptcy, revealing a conspiracy to establish plutocracy.
President Cleveland issued a proclamation calling an extra session of Congress to convene August 7, not in the first week of September. Business groups had urged an earlier assembly due to mounting financial pressure, with no policy outlined. The note predicts a special message may follow and hints at repeal of the Sherman law amid expectations of better times.
The Hickory Mercury notes weekly reports of at least 1,000 failures to obtain office in North Carolina. It argues against constant calamity talk, warning Bro. Click that excessive calamity rhetoric undermines public confidence.
National banks have reduced currency in circulation as of October 31, 1892, with totals showing less notes outstanding than the amount held in treasury for redemption and losses. The official report tallies reserves at 408 million and a treasury redemption fund of 7.1 million, leaving a net balance against banks of 276.9 million and a net decrease in circulating notes despite modest additions.
A lengthy editorial analyzes calls for an extra congressional session to repeal the Sherman Act. It cites cabinet remarks and press excerpts showing mixed support and east west financial tensions. The piece argues the administration may be acting to benefit eastern interests and warns of a potential economic rebound undermining that strategy.
The article notes the President issued a proclamation and may call an extra session earlier than planned. Telegrams from across the country influenced the decision, with cabinet input and speculation over a Sherman silver purchase proposal prompting the shift. The move hinges on securing prompt legislative action.
The leading issue in political papers is financial reform, with repeal of the Sherman purchasing law proposed. Repeal would shrink the money supply, ruin markets for silver, devastate Western industries, cause factory closures, drop farm and merchant prices, and trigger widespread mortgage and rent failures as concentration of wealth increases.
Washington correspondent reports Secretary Carlisle directed Treasurer Morgan to anticipate July interest payments on 3.5 percent United States bonds and Pacific Railroad bonds. Checks will be sent promptly. four percent coupons due July 1 may be cashed without rebate. Total interest totaled 7.534 million dollars, with 1.9 million for Pacific Railroad bonds and 5.634 million for four percent bonds. The action aims to relieve money-centre tightness.
The Secretary H W Ayer arranges a refined premium list for the 1893 State Fair with rich illustrations of North Carolina scenery and liberal awards. A $50 gold prize for best fair exhibit by a state resident plus a $20 second prize, and a $50 main exhibit building prize are noted. Copies available from H W Ayer Raleigh NC.
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