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In Years Past

September 27, 2013
The Post-Journal

In 1913, it did not follow that because President Cleveland was able to push the silver repeal through 20 years previously that President Wilson would be able to push through a currency bill in this year. When Cleveland was successful in the silver repeal the country was in the throes of a panic. There were hard times. The newspapers were clamoring for action. There was pressure brought upon the senate which it could not withstand. At present the times were good and there was not such a great demand for currency legislation. At that time, the banks all over the country were insisting upon the repeal act going through. Now the banks were almost unanimously against the pending currency bill. There was, however, throughout the country, the general feeling that the president was right and should have his way.

 
 
 

 

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