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Harper's Encyclopedia of United States History (ed. Benson Lossing) 3 3 Browse Search
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Harper's Encyclopedia of United States History (ed. Benson Lossing), Black Friday, (search)
Black Friday, The designation of Friday, Sept. 24. 1869. Jay Gould and James Fisk, Jr., had attempted to gain control of the gold market of the country by purchasing the entire stock of $15,000,000 then held by the banks of New York City. The value of gold had been going up for several days, and the speculators attempted to raise it from 144 to 200. By Friday the whole metropolis was in a state of tumult, and gold had risen to 162 1/2. The wildest excitement prevailed, and it seemed as if hundreds of strong business houses would be forced to suspend. In the midst of this panic Secretary Boutwell, well, of the United States Treasury, placed $4,000.000 in gold on the New York market, and as soon as the fact was known the speculative price of gold fell and the excitement abated. It was said that this speculation yielded Gould and Fisk a profit of $11,000.000.
Harper's Encyclopedia of United States History (ed. Benson Lossing), United States of America. (search)
al Temperance Convention (500 delegates) meets in Chicago......Sept. 1-2, 1869 John A. Rawlins, Secretary of War, and General Grant's adjutant throughout the war, born 1831, dies at Washington, D. C.......Sept. 6, 1869 One hundred and eight men suffocated in a burning coal-mine at Avondale, Pa.......Sept. 6, 1869 William Pitt Fessenden, born 1806, dies at Portland, Me.......Sept. 8, 1869 Financial panic in New York City culminates in Black Friday ; gold quoted at 162 1/2......Sept. 24, 1869 George Peabody lands at New York, June 10; he endows several institutions, adds $1,400,000 to his Southern education fund, and leaves for London......Sept. 30, 1869 Northwestern branch of the National Home for Disabled Volunteer Soldiers, near Milwaukee, Wis., dedicated......October, 1869 Franklin Pierce, ex-President, born 1804, dies at Concord, N. H......Oct. 8. 1869 Commercial Convention held at Louisville, Ky., 520 delegates from twenty-two States, ex-President Millard Fi
Harper's Encyclopedia of United States History (ed. Benson Lossing), New York, (search)
legal holiday; date of first celebration......May 30, 1868 Commission of fisheries created by an act passed......1868 Cornell University at Ithaca opened to students......October, 1868 John T. Hoffman, Democrat, elected governor......November, 1868 Henry Jarvis Raymond, journalist, born in Lima, Livingston co., N. Y., Jan. 24, 1820, dies at New York City......June 18, 1869 Financial panic in New York City culminates in Black Friday; the price of gold reaches 162 1/2......Sept. 24, 1869 [During the excitement it is estimated that contracts were made for the sale of $500,000,000 of gold. The crisis ruined thousands, and disarranged the business of the country.] Cardiff giant discovered on the farm of William C. Newell, near Cardiff, Onondaga county......Oct. 16, 1869 Population of the State, 4,382,759.1870 Lenox Public Library, New York City, incorporated......June 20, 1870 John T. Hoffman re-elected governor......November, 1870 Corner-stone of the new