White House gossip : $b from Andrew Johnson to Calvin CoolidgeColman, Edna M. (Edna Mary)
History
White House gossip : $b from Andrew Johnson to Calvin Coolidge
Colman, Edna M. (Edna Mary)
Presidents -- United States -- Biography; Washington (D.C.) -- Social life and customs; White House (Washington, D.C.)
The selection of the Cabinet was a momentous task. The group finally
comprised the following: Secretary of State, Walter Q. Gresham of
Illinois; Secretary of the Treasury, John G. Carlisle of Kentucky;
Secretary of War, Daniel S. Lamont of New York; Attorney General,
Richard Olney of Massachusetts; Postmaster General, Wilson S. Bissell
of New York; Secretary of the Navy, Hilary A. Herbert of Alabama;
Secretary of the Interior, Hoke Smith of Georgia; Secretary of
Agriculture, Julius Sterling Morton of Nebraska.
This was regarded as a good Cabinet, though not so strong as the
President’s first one.
The issues brought forth so prominently in the campaign now thrust
themselves forward for attention; almost immediately came rumblings of
the impending money panic. Naturally, the trouble-making came from both
Republican and Populist ranks.
In the spring of 1893, on May 1st, President Cleveland opened the
great World’s Columbian Exposition, commemorating the five hundredth
anniversary of the discovery of America by Columbus. It continued
for six months. The exhibits displayed were a demonstration of the
world’s progress in arts, industries, inventions, and natural products.
To it came distinguished tourists from all over the world, and
notwithstanding the money depression, twenty-seven million people were
admitted to the exposition.
The money stringency, which the Democrats attributed to the Republican
extravagance of the previous administration in the great increase of
pensioners, which they claim was not offset by the McKinley Tariff
Protection Law, increased as firms failed and industries closed their
shops. In addition to a growing army of unemployed came coal-mine and
railroad strikes.
The nation was brought to the point where the integrity of the dollar,
whether greenback, silver, or gold, had to be maintained. President
Cleveland determined to maintain the gold reserve, for he was convinced
that the safety of the nation depended upon it, and therefore sold
bonds to keep up the reserve. The President also called a special
session of Congress, which repealed the Sherman Silver Purchase and
Coinage Act of 1890, as he was satisfied that the purchasing of the
silver was harmful to the nation’s best interests.
This move, unpopular from the Southern and Western points of view,
naturally put a stop to further buying of silver in huge quantities
and also checked the mintage of silver dollars.
Public-domain text, read in full here on John Shaqi.
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