Democratic convention backs Nesmith to fill Ohio seat vacancy
Powell editor notes Nesmith named by Oregon Democrats to fill the late Congressman Wilson’s Ohio seat and urges vigilant citizen oversight. The piece criticizes Democratic attacks on President Grant over General Longstreet and defends Republican patronage policies toward the South while stressing unity, prudence, and patriotism in appointments.
MENTIONED IN THIS ARTICLE
Oregon
J. W. Nesmith
Wilson
Viarooes Ismexartox
Ohio
General Longstreet
South
Republican Party
Allen
Longstreet
Jeff
Davis
White Sulpher Springs
Peoce
We must press forward to recover from mishaps
The article contrasts two attitudes toward misfortune and failure. It cites Farnsworth of Illinois and the Mel Henry county farmers amid a public funds controversy, urging perseverance and integrity over defeatism and opportunism.
Henry Clews & Co Plan Aims to Reassure Depositors
A correspondent card outlines a plan like Howes & Macy to reassure clients. Henry Clews & Co suspended only after paying out all available funds, leaving securities that could not be realized in the tight money market. Prominent bankers down town express willingness to reopen accounts under this arrangement.
MENTIONED IN THIS ARTICLE
Messrs
Henry Clews & Co
Howes & Macy
Henry Clows & Co
Clews, Llabicht & Co London liabilities clarified
Messrs Terry Clews & Co state that their London house holds acceptances under commercial credits for New York merchants. These credits cover drafts returned by the parties in possession of the goods, who will honor them. London liabilities will drop to the extent these acceptances are provided for by the credit parties.
MENTIONED IN THIS ARTICLE
Messrs
Terry Clews
Letter From Washington on Currency and Panics
The correspondence argues irredeemable paper money worsens panics, favors Treasury and national bank notes, and notes two key moves by the Grant administration. It cites bond purchases, currency expansion, and calls for bank discounts to restore confidence and stabilize the economy.
Secretary Richardson declines currency aid amid banking policy debate
Letters from Secretary Richardson address New York Produce Exchange demands for government currency to banks with gold deposits in London and a Charleston deposit for enchante purchase, both denied for lack of legal authority. The September public debt shows total principal and interest at 2.238 billion dollars. cash in Treasury runs about 94.8 million with various deposits and notes. Postmaster Creswell urges two year plan to create post office savings banks nationwide with four percent interest, centralizing deposits invested in government securities.
MENTIONED IN THIS ARTICLE
Grant
Richardson
New York
New York Produce Exchange
Bank of England
Secretary of the Treasury
Saumel Y. ‘Upper
Chawber of Commerce
Charleston
D. C
Croneval Creswell
Nonin
Savas
Creswell
Great Britain
British Post Office Department
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al Onen Shakers Co
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Geo P. Belden
AL Mutchinson & Uv
St Louis
Orrantara
Dolton Bro
H. Hanson
Rolla
Poe
Alum
Plaster-of-Paris
Marvin
Broadway
MM. Y
Chestnut St
Phila
Missouri
Don
Ysf
Jd. P. Katnn
Das
Warrers & Woonparnas
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Gtk
Walters
Delescu Mahenl College
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Atlantte & Pacde Rsileond Company
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St. Lams Mo
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Latiam & Co
Washington St
Ruston
Mass
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Parker Bros
West Meriden,ct
Sxtia
Roc Riatinean
Anil
Met &Th
Satom
Jon
Suriec Steotsyttiy
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Kk Wilson
Stitt
Keysville
Neng Weise
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No. I
P.M
Blaseh Abd
Sigiluil Streat
Rollamo
Gison
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Sagood
Cleino & Wacner
AIS
Hank
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Holla, Ao
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WM Slaw
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Por
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Erd
Tilus
Randle
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St. Louiss
Durr
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Meath
REES
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Best
oMee
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May L. IL Thompson
Prapriotay
the Best
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Austion
Sioux City
N. 4Th St. St. Louis
Stkeyser
Wee Johnsen
Mitopell
Chiesto
Chicagzu
Ln, Arnold
Columbia St
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