Confederates Try International Finance During Civil War
The Confederacy made a rare bid to raise funds by international finance in 1863. With scarce hard money, about 25 million in metal was raised over four years, while roughly 1 billion in paper currency circulated. Memminger, backed by Erlanger et Cie, sought a 25 million cotton collateral loan from French and English banks, hoping to underwrite and deliver a bank-backed bond issue after peace.
MENTIONED IN THIS ARTICLE
Confederacy
Europe
Chris
Montgomery
Ala
Jerate
Stopher G. Memminger
Confeder
Confeder-i
Davis
Henryfer
Memminger
Erlanger Et Cie
United States
Germany
Napoleon II
France
Charleston
S. C
Ameri
Land
Western Hemisphere
Erland
Napoleon I
Hadjlanger Et Cier
Thomas Jefferson
Lo Erlanger
Cal Bank
Tracy
Wasi
Jefferson Davis
Erlanger
Treasury Post
Confed
Erlanger Bank
Confederate Bond Gamble Ends in Loss for Subscribers
The 1863 Confederate loan grew oversubscribed then collapsed as Erlanger Cie manipulated bond prices to cover market fears. Subscriptions paid rose to 15 million with 7 percent interest, but after Union victory the bonds were never paid. Erlangers netted about 2.7 million while subscribers and British financiers faced losses.
MENTIONED IN THIS ARTICLE
Ers
Judah P. Benjamin
Benjamin
Erlanger
Richmond
Scopuuhs
ACG
CNYU
William E. Gladstone
Sban
U.S
London
Davis
Mississippi
Chancellorville
Gettysburg
Vicksburg
Walker
Tihe Erlangers
Mason
Erlangers
Paris
Erlanger Et Cie
Confederacy
Catalyst pellets touted as investment boosters in Louisville
In Louisville, Kentucky, UPI reports that catalysts, described as mysterious pills, may be among the best modern business investments. Chemetron Corp, a leading producer, says dollar value in end products often exceeds $200 from sales of these pellets that accelerate chemical reactions without undergoing permanent change.
MENTIONED IN THIS ARTICLE
Louisville, Ky
UPI
Chemetron Corporation
Stamp popularity contest and stamp issues summary
Entry deadline is January 31 with postmark required. Citizens send entries to 276 Dowd Road Elyria Ohio. The text notes first day sales figures for Dag Hammarskjold stamp and Higher Education stamp, estimates extra income from four cent Christmas stamp, and announces design competitions and multiple stamp issues scheduled by the National Gallery of Art and the Arab Republic.
MENTIONED IN THIS ARTICLE
Dowd Road
Elyria
Ohio
Dag Hammarskjold
New York City
Washington, D. C
Post Office Department
National Gallery of Art
Sart News
Art News” Action
National Academy of Science
Teeland
National Museum
You’ll Love fx The Dividend Pages Variety
An entertainment business note highlights partnership potential between You’ll Love fx and Variety in planning digestible dividend page features. Key executives from both outlets discuss cross promotion, reader interest, and potential syndication of finance and media industry content.
Bridge Hand Script Shows Becker East Dealer
Bridge contract article notes B Jay Becker as East dealer with both sides vulnerable. North holds 310352 03 AKQ 107, West a3 O96, East AEI08762 95 6964, South BAKQTS os84. Distribution suggests standard bidding and potential play insights from the hand.
Trumping the Partner's Trick in Bridge Play Analysis
Bridge commentary discusses a hand where East trumps partner’s ace after West leads king of hearts and North raises to four spades. East’s trumping aims to disrupt defense and force a club shift, illustrating when strict adherence to a rule may fail. The piece notes dangers of overtrumping and strategic judgment in bridge play.
MENTIONED IN THIS ARTICLE
South
Spade
West
North
East
Fast
Mailman and his truck a familiar Elyria sight
R. Martin, parcel post and bulk mail driver for Elyria, has served the post office for 35 years. He delivered on a special route from Third Street to J N’s area, including wartime service in Africa and Cairo, and later became a swing man before joining parcel post duties. He, his wife Louise Byars, and their hobbies fishing, photography, and stamp collecting fill his leisure time. Martin, son of Carl W. Martin and Julia, has deep local ties through family and community work, including American Legion and auxiliary police service.
MENTIONED IN THIS ARTICLE
R. Martin
Third Stout
J . Nathan's
Martin
Sears
Elyria
Matin
British West Africa
Ghana
Payne Field
Cairo
Louise Byars
Clark] St
Post Office
U.S
Ins
Carl W. Martin
Julia
Chronicle-Telegram
American Legion
Elyria Streetlight Dimout Sparks Mixed Reactions
Elyria residents reacted quickly to a city dimout after the two mill levy expired and funding gaps emerged. Officials cut park, recreation, and streetlighting to save about 2100 dollars monthly while avoiding layoffs. public response ranged from questions to cautious support as the city weighs further levy votes.
MENTIONED IN THIS ARTICLE
Police and Fire
Park and Recreation Departments
Elyria
Joseph C. Cowden
Cowden
Ohip Edison
Ohio town debates sesquicentennial glory over Perry’s Erie victory
Don Miller Now recounts a brewing dispute over commemorating the 150th anniversary of Commodore Perry’s victory on Lake Erie. Ohio and Erie area observers gird for events while rival claims spark pride and caution about regional prestige and historic memory.
MENTIONED IN THIS ARTICLE
Erie
America
Oliver Hazard
Perry
Lake Erie
Eric
Otice
Presque Isle
Wwell
Redcoats
Frog Pond
Also Mentioned on This Page
Merton T.akers
United Press International
Robert E. Wilson
Confederate Congress
Knight
C. H L
P.H
Calif
Loudoun County
Washington Dulles
Wilson
The
Posta Europea
Ory
Sig
Janu
Urour Guomundsson
Andjary
Baal
Walthjofsstad
United Arab Republic
Egypt
Servation
Post Day
U. 1
A. R
Yemeni Arab Republic
Palestine
Nubia
U. N
By B. Jay Becker
By Junk Ryan
Fey
Carl RB
Elyrians
Charles J. Hostetter
Charles ¥. Neeson
Lorain County
County Budget Commission
Aioe
General Fund
Council
Civil Service Commission
Don Miller
Lorain
Bass Islands
Merwe Nn
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