Money and specie balance in exchange system analysis
A historical analysis discusses money as a medium facilitating exchanges and argues that the total specie in circulation should be just enough to support exchanges. It notes gold and silver movements to Europe and California affect value, and credits the New York Bank panic and a new Custom House occupancy in Hope Street with shifting financial operations. The piece also mentions duties from arriving vessels and the Post Office move to the new building.
MENTIONED IN THIS ARTICLE
Ev Ery Orjan
Sind
Fiurgpe
California
New York
Secretary of the Treasury
Custom House
Hope Street
Banks Suspend as New England Crisis Deepens
The piece notes that banks in Gibraltar, Gotham, Boston, and most New England states suspended payments after a period of crisis. It laments missed New York action and predicts lasting lessons, claiming adoption of prudence and reduced speculation will benefit the country. It recalls a minstrel show fraud where performers vanished, leaving an outraged audience and unpaid bills.
Veteran captain shuns rail travel prefers sailing craft
Captain Isaac Manchester of this town, in his ninetieth year, rode a railroad for the first time in thirty years this week to Providence and returned by steamer Bradford Durfee. He disliked the rail trip saying the world moves too fast, and he preferred the steamboat and old sailing craft to both.
MENTIONED IN THIS ARTICLE
Isaac Manchester
Providence
Bradford Durfee
Resident Named Passenger Aboard Steamer Philadelphia
Mr. Robert A. Peck of this town sails today from New York aboard the steamer Philadelphia bound for Havana. He travels as a paying passenger on the voyage to Cuba.
MENTIONED IN THIS ARTICLE
Robert A. Peck
Philadelphia
New York
Havana
Judges at Albany favor solvent banks avoid receivership
The New York Supreme Court judges in both districts state a clearly solvent bank that can pay all debts should not have a receiver, even if it suspends specie payments for a period. The piece notes retail discounts and money scarcity pressuring traders, plus a quirky aside about Charles' London Gin Cordial and a list from The New York Independent of 162 failures and suspensions for the week ending the 15th.
MENTIONED IN THIS ARTICLE
Supreme Court of New York
New York‘Independent
Providence Journal
Finans ‘Clers
New York
Shentown
Warwick
Semel
Tewalrnes
Col. Blodget
Woole
News
Providence
Court finds incompatible offices in Rhode Island militia case
Chief Justice Ames delivers the opinion in the gap warranto case, ruling that Major General and Colonel of the First Light Infantry are incompatible and that accepting the latter resignation voids the former. A nominal fine is imposed, leaving the state without a Major General. Also reported is the discovery of Nathaniel Searle Jr. dead off Bristol Ferry after a drowning near Pappasquash Point, with an accidental drowning verdict.
MENTIONED IN THIS ARTICLE
Pitman
Bristol Ferry
John R. Gardner
Maro
Nathaniel Searle, Jr
Providence
Pappasquash Point
Monument to King Philip Prompts Mount Hope Memorial Plan
The Newport Mercury proposes a Mount Hope monument for King Philip. It suggests a one cent passenger levy on steamboats and travelers to fund a rough stone shaft rising to the summit with a winding staircase. The plan invites public support and official backing, naming Mr. O'Wolf as a potential ally.
MENTIONED IN THIS ARTICLE
King Path
Newport Mercury
Mount Hope
Philip
O'Wolf
Fall River Methodist Convention Concludes
The Providence District of the Methodist Episcopal Church met at the fim church in Fall River from the 13th for two days. S S Superintendents and delegates from about twenty five churches attended. Rev Bartholomew Otheman of Fair Haven gave an apt sermon. Sessions included school reports and Sabbath School topics. The convention closed Wednesday evening with addresses by Rev Latham of North Fair Haven and Rev A McKeown of the town.
MENTIONED IN THIS ARTICLE
Methodist Episcopal Church
Providence
Fim
Fall River
S. S
Bartholomew Otheman
Fair Haven
Mr. Latham
North Fair Haven
A. McKeown
Bank Suspensions Debated as Gains Rally
A peculiar notice reflects concerns over bank suspensions and looming gains. Officials weigh the impact of forest discounts on the financial outlook while delaying decisive action.
Citizens urge punishment for assault on Protection Engine Co at Fall River
An editorial condemns an assault on the Protection Engine Company of Newport as they returned home through Fall River last week. It calls for swift punishment of the perpetrators, praising civility and condemning the attackers as contemptible.
MENTIONED IN THIS ARTICLE
Protection Engine Co
Newport
Fall River
Godeys Lady's Book November Issue Showcases Embroidery Patterns
The November number of Godeys Lady's Book is on the table and rivals previous issues. Embellishments include embroidery lace work crewel patch and fancy work. Despite pressure the publication maintains high quality and expense in its plates.
MENTIONED IN THIS ARTICLE
U Goory
Burnside breech loading rifle hailed by Testing Board
Washington reports the Testing Board found Gen. Burnside's breech loading rifle best suited for regular troops though they caution against replacing muzzle loaders. Colt's revolving pistol on a moveable stock is recommended for mounted service after trials. Nineteen patterns tested amid importation worries. Goopnie & Son in Providence still selling cheaper.
MENTIONED IN THIS ARTICLE
Boanside
Wadhsington
Burnside
Washington
Rhode-island
Thn
Colt
Secretary of War
Dragcon
Large New York mills dismiss workers amid economic strain
The Taunton Republican notes widespread job losses as large mechanical establishments in New York discharge many men due to pressure. It also reports Bristol Co Mass Bank directors voting unanimously to decline re election of Wm Muenscher after twenty three years as cashier and thanking him for fidelity and service.
MENTIONED IN THIS ARTICLE
New York
Taunton Republican
Bristol Co
Mass
Wm. Muenscher
Weherens
Muenscher
Providence Banks Rally Under Merchants Support
The Providence Journal reports banks in Providence remain strong while aiding merchants. They have maintained excellent condition, offered service to the community, and kept commission houses abroad open with acceptances for Providence firms. Yesterday’s mood was hopeful as a remedy to money pressure affecting specie-paying points appears to be adopted.
MENTIONED IN THIS ARTICLE
Providence Journal of
Providence
West Point Mercy for General's Son Sparks Debate
The article notes Gen Jessup's son was court martialed for striking an officer at West Point but was found guilty. the Secretary of War reinstated him as a pupil, illustrating potential privilege at the Military Academy and prompting calls to endorse Col Benton’s views on the institution.
MENTIONED IN THIS ARTICLE
West Point
Col. Benton
Gen. Jessup
Military Academy
Secretary of War
Snow Storm Hits Island Pond Vermont Tuesday
A significant snow storm struck Island Pond Vermont on Tuesday, bringing heavy snowfall and travel disruption to the region. Residents reported reduced visibility and slippery roads as crews prepared for continued winter weather.
MENTIONED IN THIS ARTICLE
Island Pond
Vermont
Atlantic Arrivals and European News From October
The Atlantic reports 120 passengers aboard from Liverpool including notable figures such as Charles E. Spence and F. Schroeder, with $17,000 in specie. Other vessels, the Asis and Kangaroo, arrived, delivering Europe and India news. Delhi held by insurgents, Delhi battle outlooks praised, and Bombay Times notes Lucknow and Bengal disruptions.
MENTIONED IN THIS ARTICLE
Europe
Atlantic
New York
Phej Atlantic
Liverpool
Charles 8. Spence
Baltimore
Persia
F. Schroeder
Sweden
W.R. Asborn
Ilinois Central Railroad
G. F. ‘Train
Boston
Asis
New ‘York
India
Delhi
East India
Calcutta
Bombay
Bombay Times
Havelock
Lucknow
Podhpore
Bengal
Gewah
Palma
Empire State Steamer Strikes Rock in Fog Near Blackwell’s Island
The Empire State, after leaving Fall River, struck a rock off Blackwell’s Island in thick fog. The vessel leaked badly but crews pumped out water and stabilized her, landing passengers safely and preparing for repairs at Dist Street East River.
MENTIONED IN THIS ARTICLE
Empire State
Fall River
Wm. Borden
E.q
New York
Fall
Blackwell’s Island
Dist Street
East River
Silver plate gifts for Spanish war vessel commanders
Two sets of silver plate presented to the commanders of the two Spanish war vessels aided the steamship Klingis off Colorado Reef. Sent from New York to Havana by the Quaker City for the American Consul, each set valued at 500 dollars and including a salver and related items. Recipients named Don Edward Rovira and Dos Juan Banista Topeta.
MENTIONED IN THIS ARTICLE
Don Edward Rovira
Dos Juan Banista Topeta
Providence and Worcester Railroad Ships Steady Dividend Promise
Amid a railroad crash the Providence and Worcester Railroad remains healthy. It owes no floating debt and holds a sufficient deposit drawing interest to fund a respectable January dividend. The road’s stock is pledged by leading manufacturers and brokers.
MENTIONED IN THIS ARTICLE
Providence and Worcester
Mahulactoriig
Hore
Gbraad
City Labor Crisis Casts So Many Out of Work
An estimate from the Journal of Commerce claims up to 1 000 laborers in the city and surrounding area lose jobs in a few days due to the current crisis. The figure reflects tolerable reliability and highlights a sharp local impact across trades.
MENTIONED IN THIS ARTICLE
Y. Jour
Washington Dispatch on Central America and Filibuster Suppression
Senator Gwin urged quick suppression of Filibusterism in a long interview with Secretary Cass who affirmed the government's determination. Cass reports Costa Rica intends to unite with Nicaragua and claim both as one. England has not answered the Bay Islands proposition as talks with Honduras delay. De facto Nicaragua recognized and Mr Irissarie to be received as minister. A treaty reestablishes the Transit Line rights of the old American Canal Company. cabinet approved the agreement. Gulf squadron ordered to stop filibuster expeditions and capture any who escape to deliver to U S command. The administration’s conduct described as prompt vigorous and statesmanlike.
MENTIONED IN THIS ARTICLE
Washington
Gwin
Cass
Costa Rica
Nicaregua
England
Bay Islands
Hounduras
New York Courrier
Nicaragua
Irissarie
Reif
Gulf
Treasury notes and cotton crop outlook in 19th century dispatch
Washington reports a draft of four twenty four thousand dollars drawn by the Spanish Minister and endorsed by General Cans was protested. The Treasury surplus is reduced by thirteen million dollars and receipts have nearly ceased. A Treasury order may suspend redemption of notes. Southern cotton crop estimates for the year compare unfavorably to last season by at least sixty million dollars.
MENTIONED IN THIS ARTICLE
Washington
Tribune Correse
Pondence
Cans
Treasury
Slobkp Iari
Barrise Consul at New York Appointment
Edward M. Archibald formerly Attorney General of Newfoundland has received from Lord Clarendon the appointment of British Consul in New York and will immediately begin duties in the post.
Central Railroad cuts costs and staff nationwide
In haste the crisis pushes employers to trim payrolls. The Central Railroad company reduced expenses by $2,000 a month in the city and discharged many clerks in the freight department. A large number of tallymen and laborers were let go, along with furnace and lumber workers. In the seventh ward five hundred men were discharged Saturday night.
MENTIONED IN THIS ARTICLE
Central Railroad Company
Man Brought Before Magistrate For Flogging Wife
A funny item from the Boston Post recounts a man arraigned before a magistrate on charges of flogging his wife. The tale is presented in a light, satirical vein typical of early 20th century humor sections.
MENTIONED IN THIS ARTICLE
Boston Post
Rhode
Also Mentioned on This Page
Bristol Bente
Empire
State
Gibraltar
Gotham
New England
Pennsylvania
Rhode Island
Massachusetts
Frank
Mount Hope House
Warren
Wm. Newton
Charles
London
Goopnie & Son
Newburyport
Qet
North River
Metemora
Commodore
Albany
Isaac PB. Smith
New World
Hurl Gate
Staten Island
Sylph
Piermont
Commodoro
Metamora
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