Rhode Island Repeals Usury Laws With Six Percent Cap
The Rhode Island Legislature passes an act effectively repealing usury laws by a large majority, setting a six percent rate unless a different rate is expressly agreed. Henry A Wise, quoted on the rebellion, forecasts a shift from speculative capital to oil mining and production as a major future wealth source.
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Rhode Island
Henry A. Wise
Speculators Rally Peet Dividends as Prices Drop
The New York Post notes a spasm of downward movement in soundest securities amid market panic. Peet dividend paying stocks are now very cheap and attracting investors as analysts debate why general prices don’t fall with gold and whether currency instability drives foreign prices.
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Tuilleries
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Boston and Onto River Petroleum Company Formation
The Boston and Onto River Petroleum Company formed under state law plans 500 000 shares with 20000 reserved for working capital. Property on Coal Run Creek Ohio plus 200 000 in additional property to stockholders after full share disposal. G W Busted offers coal and oil property in Ohio Pennsylvania Nova Scotia. Petroleum stocks show activity in New York with several tickers listed.
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Chicago Tribune reports Wilson raid into Alabama and mobile link
Nashville dispatch dated the 17th notes General Wilson leads a grand cavalry expedition on a raid through Alabama. The 4th corps under General Stanley is moving to Knoxville to cooperate with Stoneman’s cavalry advancing into western Virginia.
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Modern Crossley Tapestries Offered at Reduced Prices
The New England Carpet Co. at 75 Hanover Street advertises 390 pieces of Crossley's English Tapestries for Spring sale. The collection features the latest patterns and is priced lower due to recent currency value changes.
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