Chicago Bank Clearings Rise Over Year by Large Margin
The bank clearings in Chicago last week totaled 16 605 020 dollars, up from 14 687 176 dollars a year earlier, a gain of 1 917 844 dollars.
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Newspaper
Ames Intelligencer
Location
Ames, Iowa, United States of America
Date
Mar 28, 1879
Page
2
The bank clearings in Chicago last week totaled 16 605 020 dollars, up from 14 687 176 dollars a year earlier, a gain of 1 917 844 dollars.
The New York Herald estimates 11,395 mechanics and artisans are currently unemployed in the city, compared with 25,400 in the same period of 1873. This reflects a sharp rise in joblessness and highlights economic hardship for skilled laborers.
Two years after sending a solid Sherman delegation to the Republican state convention, the men who made up the delegation are now near in age and strongly favor his renomination.
Senator Allison is assigned to four committees including Finance Appropriations Private Land Claims and Indian Affairs. Senator Kirkwool-Foreign Relations and Post Offices and Post Roads also sit on three special committees.
In New York the spring trade in dry goods opens briskly with large wholesalers reporting brief, generally satisfactory business. One leading firm shows about a 20 percent sales gain over spring 1878. Demand remains strong nationwide except in yellow fever affected South districts, where caution and weak customers dampen activity while overall trade stays robust.
The Chicago Times notes that Richmond branches of the Confederate Congress have relocated to Washington. Most officers and generals are now in Washington as members or allies, with Jefferson Davis remaining in Richmond but eyed for the Senate in Mississippi.
Mr. Wier Casady of Norwalk reports a prosperous Iowa farm, harvesting 160 acres to feed 48 cattle and 105 hogs shipped to Chicago for a net $2,200. He also fed 14 horses and 50 stock, leaving enough crop to last through summer with no outside labor.
Legal scholars Mr. S. B. Chittenden and Gen. Benjamin F. Bauer propose arguing before the Supreme Court the congressional power to issue legal tender notes in peace. They aim to settle whether Congress may authorize paper money as legal tender apart from metallic coin, a question with wide monetary and litigation implications.
The Story County Sunday School Association held its Ninth Annual Meeting at the M E church in Nevada over February 28 to March 2, 1879. Delegates debated convention importance, student outreach, and the gospel's role in Sunday schools, reported finances, noted rising enrollments, and praised local hosts while electing officers and planning future gatherings.
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