The Past, Reimagined
How The Wall Street Journal of 2014 might have covered the news of July 8, 1889.
By JASON ZWEIG
July 7, 2014 4:41 p.m. ET
President Harrison reiterated his opposition to bimetallism and said the U.S. will adhere solely to the gold standard, again disappointing advocates of silver. A2
The Sherman Antitrust Bill, almost a year after being reported back from a U.S. Senate committee, remains bogged down in Congress. A2
The Dow Jones 12-Stock Average closed on Saturday at 87.71, down 0.4% on the day but up 1.4% for the year-to-date. Total NYSE volume was light at 96,520 shares. C1
As the U.S. Treasury continues its massive program of bond buying, many investors fear the creation of a bond-market bubble. C1
The NYSE will use its new telegraph subsidiary to sell trading data to brokers willing to pay a fee for the ability to see prices before customers can. A1, C1
Andrew Carnegie called for an estate tax of at least 50% on millionaires, describing it as “the wisest” of all forms of taxation. B1
Commercial-paper dealer Goldman, Sachs & Co. may seek to join the NYSE. C1
Source: The Wall Street Journal
http://online.wsj.com/articles/whats-news-1889-business-finance-headlines-from-the-wsj-1404765688