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Newspaper
Weiser Signal
Location
Weiser, Idaho, United States of America
Date
Aug 24, 1893
Page
2
The Weiser Signal comments on silver policy and congressional debate as Mineral and Idaho silver sentiments rise. It notes regional support for 16 to 1 or 20 to 1 ratios and predicts economic effects if Silver passes or fails, with Idaho’s stance contrasted against eastern policy.
The outlook for the silver question grows more optimistic as eastern voters change views and embrace monetary principles. Silbey of Pennsylvania becomes a key voice for free coinage, recounting personal shifts from monometalist to supporter and urging unity across regions.
A proposal spread in the west proposes diverting western commerce from New York and Boston to New Orleans, Galveston, and St. Louis. The aim is to funnel eastern deposits to southern ports, making New Orleans a key entry and speedier transport while weakening New England markets. The drive hinges on silver recognition and western banker support.
The author argues that state laws could push silver as legal tender to boost mining and trade, envisioning the United States as the world’s financial leader. Concerns about constitutional limits on coinage are set against a proposal to coin silver at 16 to 1 and to regain global economic influence through silver backed trade and wheat leverage.
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