Thank you for visiting SNEWPapers!

Sign up free
Page thumbnail for Arizona Republican
Editorial May 19, 1895

Arizona Republican

Phoenix, Maricopa County, Arizona

What is this article about?

Editorial from Phoenix, May 19, 1895, highlights alarming spread of free silver support across southern and western US, epidemic among business and public. Criticizes impending bond sales to Morgan-Belmont syndicate for expenses post-income tax ruling, questioning Democratic tariff benefits amid rising debt.

Clipping

OCR Quality

98% Excellent

Full Text

PHOENIX, MAY 19, 1895.

THE TIDE IS RISING.

That the demand for free silver is growing is a fact admitted, says the Graham Guardian. An eastern contemporary is amazed at the growth of public sentiment in favor of silver monometallism in every state south and west of Pennsylvania. "It is spreading like a prairie afire. It is sweeping the country like a cyclone." The only hope is that it will spend itself before the election, and that by "the circulation of sound money literature, suitable to the understanding of the masses, the reaction in favor of honest money will be irresistible." The condition is now very alarming. "At the hotels and restaurants free silver is served for breakfast, dinner and supper."

"It is the chief topic in the waiting rooms of railway stations, on the cars, on the streets, in the stores and offices; the pastors discuss silver, the bankers ask you what you think of it. It is amazing how many business men, hitherto straight for sound money, are now on the fences or have gone clean over into the silver mining camp. Whole cities and sections all right ninety days ago are two-thirds, three-fourths or four-fifths for free silver. The thing is epidemic."

It is reported from Washington that another issue of bonds will immediately follow a decision of the supreme court adverse to the income tax. These will of course go to the Morgan-Belmont syndicate. It was a part of the bargain that they should have all bonds issued prior to October 1. All pretence that bonds are sold to maintain the gold reserve has been thrown aside, and what was well known all the time is now openly acknowledged; that is, that the bonds are sold to get money for running expenses. Does the Democratic voter see any advantage to him in the reduction of the tariff tax when his indebtedness is continuously increasing?

What sub-type of article is it?

Economic Policy

What keywords are associated?

Free Silver Sound Money Silver Monometallism Bonds Tariff Reduction National Debt

What entities or persons were involved?

Graham Guardian Morgan Belmont Syndicate Democratic Voter

Editorial Details

Primary Topic

Growing Demand For Free Silver

Stance / Tone

Alarmed At Rise Of Free Silver, Pro Sound Money

Key Figures

Graham Guardian Morgan Belmont Syndicate Democratic Voter

Key Arguments

Demand For Free Silver Is Growing Rapidly In States South And West Of Pennsylvania Public Sentiment For Silver Monometallism Spreading Like Wildfire Hope That Circulation Of Sound Money Literature Will Create Reaction For Honest Money Free Silver Is Dominant Topic In Daily Conversations And Among Business Men Many Former Sound Money Supporters Now Favor Free Silver Another Bond Issue Expected After Supreme Court Decision Against Income Tax Bonds Sold To Morgan Belmont Syndicate For Running Expenses, Not Gold Reserve Questions Advantage Of Tariff Reduction For Democratic Voters Amid Increasing Indebtedness

Are you sure?