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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.
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?
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