Abstracts: 10
Cleveland Morning Leader, 1 March 1864
(ed; 3 inches)
~ See original
p.2, col.2
~ View at ChronAm
1262 - L. Mar. 1; ed:2/2 - Gold was worth 172 in the New York market,
Feb. 24. Now it has fallen to 158-1/2 where it stays. "Keep harping on
the inflation of the currency, and the resources of the Rebels, and you'
may fetch it up." (3)
Cleveland Morning Leader, 15 March 1864
(ed; 5 inches)
~ See original
p.2, col.1,2
~ View at ChronAm
1263 - L. Mar. 15; ed: 2/1,2 - "We appeal to the Union Congressmen to
take hold of this matter and compel the decline of gold.
"Do this and it is equal to half a dozen great union victories. If
the present Congress yields to lobbymen on a matter so important as this,
they will only assist the rebellion, protract the war and condemn them-
selves to political graves from which they will never rise." (5)
Cleveland Morning Leader, 21 April 1864
(ed; 12 inches)
~ See original
p.2, col.1
~ View at ChronAm
1264 - L Apr. 21; ed:2/1 - One year ago, gold stood at $1.75, and now
it stands at $1.25. The political condition of the country and the
strength of the army is much better now than at that time. --
"A strong Tax bill; a bill driving all the state rags out of the
floating currency, thereby reducing the inflation at least 400 millions;
a bill strengthening our armies; a bi il giving Grant command of the un-
limited resources of the country: - these bills, constituting the deci-
sive legislation for which the country now suffers, are all that is
needed to re-strengthen public confidence and set gold to tumbling down
to greenbacks at a rate alarming to all the bloodsuckers that are feeding
on the life blood of the nation." (12)
Cleveland Morning Leader, 19 June 1864
(ed; 4 inches)
~ See original
p.2, col.1
~ View at ChronAm
1265 - L June 19; ed:2/1 - The evil effects of an over-issue of paper
money are apparent in the frightful inflation of prices prevalent every-
where. Mr. Chase has recently said that with an effective tax bill and
the utter extirpation of all the state rag-mill bills, he could in a short
time return to a specie basis.
"We believe this might be done, and feel assured that the people will
respond to the appeals of Mr. Chase for luoney on his present plan, in of-
fering these loans to the highest bidder." (4)
Cleveland Morning Leader, 24 June 1864
(ed; 3 inches)
~ See original
p.2, col.1
~ View at ChronAm
1266 - L June 24; ed: 2/1 - The gold bill does not allow gold to be sold
at a public board, in the usual manner. There is no sufficient register
immediately furnished to determine the true value of gold. Some brokers
ask $200, or $240 for gold. "People need not be alarmed at all, as
Secretary Chase is already on the track of these gamblers." (3)
Cleveland Morning Leader, 28 June 1864
(ed; 9 inches)
~ See original
p.2, col.1
~ View at ChronAm
1267 - L June 28; ed: 2/1 - The value of gold and its relation to the
currency of accounting, are questions which have absorbed attention for a
great many years.
In spite of the late gold bill, it continues to be quoted at a very
advanced rate. It seems evident that the gold bill produced a consider-
able flutter among the whole tribe of Jews, goid conspirators, and stock
brokers.
"A strong effort to keep gold up to its presert position will there-
fore be made to intimidate Congress. We believe, however, that when
once they discover their efforts to be fruitless, gold will seek its
proper level." (9)
Cleveland Morning Leader, 20 July 1864
(ed; 3 inches)
~ See original
p.2, col.1
~ View at ChronAm
1268 - L. July 20; ed: 2/1 - The declaration concerning the money market
in New York city generally presages renewed interest in speculation.
Speculators will renew their efforts to raise prices on articles of wear,
and consumption, if there is another issue of currency.
"It is to be hoped the money market may be kept 'tight' long enough
to ruin the gamblers who are pushing gold 100 percent above its proper
level." (3)
Cleveland Morning Leader, 5 October 1864
(ed; 1 inches)
~ See original
p.2, col.4
~ View at ChronAm
1269 - L. Oct. 5; ed: 2/4 - Now that gold is on the down grade, certain
supporters of the Chicago ticket are organizing a grand combination against
its face.
"They will have a hard pull however, if they enter the arena against Grant
and Sheridan, who knock Gold down as with the thunder hammer of Thor."
(1)
Cleveland Morning Leader, 15 October 1864
(ed; 10 inches)
~ See original
p.2, col.1
~ View at ChronAm
1270 - L Oct. 15; ed: 2/1 - "Those who reflect but little may ascribe the
advance in gold to the prospective re-election of Abraham Lincoln. On
Tuesday it was quoted at 201 and yesterday at 213. The advance of twelve
percent is explained on very different grounds however, if the rise and
fall of gold is to be regarded as controlled by the usual influences at
work.... Many foreign capitalists are speculating in our trade. The
higher gold is, the cheaper they can make their purchases. They could af-
ford to run gold much higher than it now is, for the sake of making cheaper
purchases.... Of course all inter sted in the purchase of bonds for for-
eign buyers are anxious to get gold up as high as possible. This of it-
self will explain the advance. Another fact to be remembered is that we
are on the very eve of a financial panic.... Still another cause is
found in the fact that such men as Belmont... feel that their last hope
lies in an attempt to scare the people into the idea that the re-election
of Abraham Lincoln puts off the day of Peace, and will result in the
advance in price of all things.... These three influences are enough in
themselves to explain any rise in gold that may take place for the next
three weeks. - - -
* ..."There is nothing in the military situation to justify it. The pros-
pects grow brighter every day. Every intelligent man who also knows that
no greater blow can befall the rebellion than the re-election of Abraham
Lincoln." - (10)
Cleveland Morning Leader, 17 October 1864
(ed; 7 inches)
~ See original
p.2, col.3
~ View at ChronAm
1271 - L Oct. 17; ed:2/3 - The rise and fall of gold is almost entirely
governed by trickeries of gambling, instead of the laws of trade. A
visit to the New York stock exchange should be convincing enough that the
present value of gold is fictitious. "Gold gambling is a crime against
the interests of society at large, and it is absurd to suppose that a lot
of gamblers, sweating, swearing, foaming at the mouth, gnashing their
teeth, swayed by domestic fears, can properly regulate the relative value
of gold and greenbacks. The country will see it before long, when a terrible
collapse must ensue." - - (7)