Kendall and Blair Propose National Bank Plan Amid Panic
Kendall and Blair work to create a panic to push a proposed National Bank. They aim to bypass state banks, arguing for a new institution tailored to their needs to ease difficulties.
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Newspaper
Augusta Chronicle
Location
Augusta, Georgia, United States of America
Date
Aug 29, 1835
Page
3
Kendall and Blair work to create a panic to push a proposed National Bank. They aim to bypass state banks, arguing for a new institution tailored to their needs to ease difficulties.
The Femassee, per New York Evening Star, has been staged at the Bowery last night and will be repeated tonight. A new Pine Flat Post Office in Pike county on the Jackson road, with David Goddard as Postmaster, is noted. Also reported: first new cotton bag sold at 18 cents by Charles Collins, with another bag by Dr. Clapton.
The report tracks about 11 400 bales with 3270 Upland 10 a 12 3640 Orleans 10 a 143 10 a 15 2420 Tennessee and Mobile 94 a 12. Export buyers took about 500 bales American and speculators about 500. Chief sales in Upland ranged 10 to 104 and 103, Orleans 10 to 11, Tennessee 94 to 10, Mobile 10 to 114. Prices softened for short staple, inferior and middling due to dullness though all kinds harder to sell. Total cotton imports to the Kingdom since Jan 1 to the 11th amount 658 000 bales, American 519 000. stock at port about 230 000 with 193 000 American. Week started with improved demand, last three days about 7000 bales sold, prices steady after last week’s reduction. July 16 sales about 3500 bales, market steady but Cotton offered freely. Cotton market in August 19 inactive, about 200 bales New Orleans mostly for export sold at 19 cents, small parcels to manufacturers at 20 cents and Alabama at quotations.
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