The Nation Volume 16

The Nation Volume 16

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1873 edition. Excerpt: ...contracting the currency at the rate of iM,000,000 per month. Mr. Richardson's apparent attempt to keep gold down met with a serious oposition from Mr. Gould and his friends manipulating tho gold market. The publication of the Treasury programme on Monday for a time seemed to stagger the "hulls" in gold, as the price fell off a fraction from the closing quotations of Saturday; hut their forces were very soon rallied, and in the space of an hour the price was carried from I Hi '. up to 118'j, at which point there was a general selling out. Tho impression in Wall Street is that the gold market is in such a position that the leading operators for a rise could have kept the price at 118 had they been so disposed; the poverty of the Treasury being such that the Secretary can hardly increase his gold sales with safety beyond the advertised amount. At the same time, the currency balance is low, aud this may, at any time, cause Mr. Richardson to reissue a portion A' what Mr. Boutwell used to call his "reserve legal tenders." There are rumors in every direction of all kinds of strikes. Some of them have already begun. In Boston, for instance, the horscshoers refused to work, and the horse-railroad companies proceeded to replace the strikers by fresh men. One of the strikers has been arrested and committed for trial for assaulting one of the new men. In Brooklyn the "Carpeuters of Kings County" had a large and spirited meeting last Tuesday week, which was addressed by Dennis S. Griffin of the Stairbuilders' I'uion of this city. From Mr. Griffin's remarks we understand that what the men object to is that they arc made to work ten hours a day when eight is a legal day's work, and that the German Cabinetmakers, who...show more

Product details

  • Paperback | 672 pages
  • 189 x 246 x 34mm | 1,179g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236952820
  • 9781236952820