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Newspaper
The Progressive Farmer
Location
Raleigh, North Carolina, United States of America
Date
Jun 16, 1896
Page
6
A dialogue facetiously debates political turmoil over free coinage and gold standard, with a mock Major denying war while factions argue about monetary policy and party unity. The exchange critiques Populist and silver debates and ends with a publisher urging subscribers to pay due balances.
E D Syeap of Four Oaks North Carolina argues that Populists should fill vacancies on the State ticket by independent action if Democrats fail to offer a better option. He notes Republicans share on state issues, calls for free elections and fair counts, and predicts Judge Russell could be the next governor. He asserts Populists hold balance of power and urges united action in Raleigh in July or August.
James Murdock argues for gold as the true standard, countering Edward Atkinson’s free coinage critique. He contends full legal tender devalues wages, collapses prices, harms industry, and emboldens creditor power through coin corners, predicting widespread economic ruin without a fixed-income pricing system.
The Wake County Democratic convention met at Metropolitan Hall Saturday at noon. Col Middleton Leach of the 4th regiment free coinage braves was elected permanent chairman and delivered an up to date free coinage speech while opponents clashed over gold standard and banks of issue. Delegates appeared restless amid limited attendance and low enthusiasm as James Murdock urges government issued money and alignment with the people.
A compilation of resolutions from the West Virginia Missouri Iowa Georgia and Texas bankers associations debating monetary standards. While WV advocates the gold standard, others urge limited silver coinage, coin redemption and stable currency backed by parallel gold and silver value to maintain public credit and avoid free silver agitation.
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