Some Financial History. .
Warmer, (31mm, Dec 12. 1800.
‘ Emma GAZETTE :-Senator Sherman i
'more talented than many of, us put to.
get-her, but is human. In his great silver
bill speech he said "we should take former
precedents for our guide in financial mat-
ters," which is the most jiid‘cious expres.
sion he or any living man could make. I
haVe not the statistics-as to what circula-
tion we had up to 1824, but. know We had
about one dollar per capila in specie pre-
vious to our last war with England, and
‘iihrouehout that war We had no specie in
Elrculation but had what was called shin
plasters from 50 cent bills down to one
penny, and at the (‘lOSI‘ oi the war in
1815 produce Went down ll'tllll 400 lo 500
liter Cent. and many farnn rs, who bought
land (when com was 81 90 per buslnl) at
53120 per acre, could not Sell it for $40 per
acre in 1816, coin being only 40 cents per
bushe‘. New England then had more
calecapital than all the rest of the United
States and started the manutacturlng of ‘
action and woolen goods, and a protective.
innit added largely to their wealth. Cot-
ton cloth went from 80 cents per yard in
1813 to 2'1 cents per yard in 1818, or about
that. From 1812 to 1815 all cotton manu-
factured in New England passed through
Norwalk and Faiifleld .in Wagons with
from four to six tons each, and l seldom
mossrad the Connecticut Turnpike without
Seeing seVeral of these. wagons with from
four to six horses attached. The Bridge-
port bank was the only bank in Faittield
county. Its capital was $100,000. llay
laborers only got from three to four shil-
T-ings per day up to 1820, and were as
honest anti self supporting then as now.
Our choicest young ladies spun their two
runs a day of linen or woollen and were
happy and healthy, and we all Wore our
civil manufactured clothes. In 1824, J.
Q. Adams was the New England candi—
date for Ptesidenl, Henry Clav for the
west, and Andrew Jacksiln for the south.
Connecticut Vo‘t’d almost. unanimously
f'or Adams for President and Andrew
Jackson for Vice-President. The election
went to the House and (‘lay gaVe his vote
and following to Adams, who was made
President. Tile three candidates Were all
I’BpUllllCdD at that time and called so.
Henry Clay was stigmaliZed as having
turn: d traitor because he voted for Adams,
when the real fact was that Jackson turned
through the influence of Van- Bur-en and
his associates, “hen the cry of ”Hurrali‘
iforJuek-son" commenced. We had a Very
close in uney market throughout Adams’
administration but a very healthy slate of
filings financially, and as a general con-
dition prosperity reigned throughout with
she people and the country. We did not
also last, out just fast enough to keep the
people honest, industrious iind healthy.
{31” expenses for Mr. Adams’ administra-
tion of four years was $44.00 ',000, infer-
11ging $11,000,000 per annum.. Mr. Adams
was-a mos'twlpractiral financier and never
‘ excelled. Ile paVedaud made clearth
, way to- produc‘efa— nation clear of debt.
Alexander Hamilton was nearest his eqil-a'l
‘ in 1828 Mr. Jackson was made Prrsulent.
and was an honest man but. without the
sagacity of Adams, and through Van
Buren was made to believe that the United
States B-mk Was used to defeat his elec.
tion in ’33. Jackson’s first term was
mostly devoted to the reanal (if officers,
who met-e republicans, and made more
eemovalsiii one year than had been made
since. the t-rganizatiou of the g'tVernmenl.’
l"This was his first great error; His second
term was devo'ed‘inostly to Vani‘Bui-in
in financial matteisytirst, ,tri ing to in.
move the deposits of" thoUnit'ed State:
Bank, and, after appointing ' three secre-
taries, he fortuitous to do his bidding.
”in 1835 the United States bank charter
was passed unanimously by the Senate
and two thiids by theflouse, yet he vetoed
lilac bill. This cleared the way for the
state banks to extend their circulation
without fear of having" to redeem at the
lGnited States Bank or its branches. On
one removal of the deposits to what
was on led the “pet banks," they, (the
. is), were ordered to loan [literally on
go deposits, which wasdouc. 1n the
meantime -the United Sales Bank Was
turned into a suite bank and located in
Pu laiietphia, when Nicholas Riddle
mid they could doinore business then
than ever before and made his word good
by buyingupall the cotton and shipping
Slat an enormous rate. thus clogging up
fie European market and causing it to he
ilild mu'ch below cost, In 1835 and 1836
our mantit‘actorics did a tremendous busi-
use, having all the capital they asked for,
fire south paying for what they bought in
tiheoid United States bills or currency
All our remittances from the south Were
the old currency of .100 and; 01.000 bills..
This with the humour: "‘sat‘ety luud"
moat-y at New York state and "Red dog,"
which l‘ollowcd, made money unprece-
dently plenty, [to man could write his
name decently and get .a well Written
name on the back of a note it; was dis-
counted at nice. Thousands of dollars
yew placed in country stores for this tree
see, it they would. return other hank bills.
is state of things lasted till 1637," when
to crash came. Banks all suspended and
be people also. In fact no business was
"attempted. The greatest distress ever
experienced in this country was from 1837
turreucy. Had‘iiur legal tender (better
my illegal) been retired, as continencer’,
soon alter the war, we should now he the
financial troubles never
in circulation is cut down
(3.. until the legal tinder
Inancially Our
will cease until 0'
nearly one half, i.
ii retire
much. i‘
. in ’ exaa , _ '
$085.5 had l'o'und gold in Califormia in
great. abundance-,hut he prayed God it
might not be so. Should It prove true, it
would be- the greatest curse that ever
happened to as." . The West is just like a
spoiled ehild,»or Oliver Twist, continually
(trying for more,
areas continues to; , . .
long will theylucreaae our liabilty to
Iaaiiciutdesuuctiou and I say this. trom
Monty years experience and—the practice
a! prom " ' [L’s-urns.
In low Benton’s speech about
4
to 1842 and was the result 01‘ an inflated -
strongest and soundeat nation in the vmrtd -
(1. Even then we would have too .
he remarked: “It was
and so long as our you. .
increase circulation, so,
NORWALK GAZETTE . WEDNESDAY. DECEMBER 211890
Best Seal Sacquc, $350 00
Best 42-inch Seal Sacque, 300 00
Excellent Seal Sacquo, 250 00
Excellent 38-in. Seal Sacque, 225 00
Best 30 in J ackst Medici 001131225 00
150 00
125 08
100 00
Good Seal Sacque, 3’6 inch,
Good Seal Jacket,
Good Seal Jackets
Camels’ Hair Shawl, 75 00
Best Plush Sacque, best Seal
trimmings, 65 00
Best Black Plush, ri ‘hly trim-
‘ med, 60 00
Best Alaska. Seal Cape, 60 00
Excellent Seal Cape, 50 00
Fine. French Cloth Sacque,
silk trimmed,
Fine Black Plush Sacque,rich—
1y trimmed,
Elegant Plush Sacque, best
Seal Frogs, V
50 00
50 00
45 00
Sat Encyclopedia Britannica
30 volumes. 46 80
Set Britannica, half Russia 25
volumes, 36 60
Set Britannica, cloth bound, 30 00
PrizevMedal Plush Sacque, 25 00
Fur Trimmed Cloth Jacket, . 20 00
Elegant Alaska Seal Mull, ' 2000~
' .20 00
Piano Lamp, .
Banquet Lamp,bi'onze a: silver 20 00
ElegantSilk Dres‘s, _' - _20 00
' 18 00
Rich Faille Dress,
'W. B.~HALL&-CO.
Silver 0.... s1 20, 125,175, 2.00.
with gold lining, 2.45
and 3.15.
Toothpick Holders, with gold lining,
1.50 and 1.75
‘5
Ash Trays, 75c. and 1.10.
Pufl’ Boxes, 3.50, 3.85, 4.35.
Sugar Sifters, 1.75, 3.15.
7.75
Candlesticks, 2.55, 2.80, 8,85, 4.20
“ 28-in. Jacket, Stewart collar200 00 '
l. W. B. HALL & Co.
Shaving Cups and Brushes, 6.65 and
' OF BRIDGEPORT.
Rich Annuss Silk Dress, 16 00
Elegant Silver Tureen, :- , 14 00
Silver Water Sets, 14 00
Handsome India. Shawls, 12 00
Good and Reliable Cloak bi
any description, . 10 00
Child's First class Gretchen, 9 00
Handsome Piano Lamp, 9 00
Mexican Onyx Top Table, 8 75
Silver Lamp Trays, 8 40
800
700
Astrachan Cloth Cape,
Seal Plush Cape,
Silver Shaving Cup and Brush, 6 65'
Silver Nut Dishes, 6 65
Silver Salad Dishes, 6 25
Silver Coffee and Tea, 5 85
Silver Cofi'ee add Tea, 5 60
Silver Syrup Pitchers, 5 60
Silver Celery Dishes, 5 25
Silver Berry Dishes, 5 25
Elegant Bronze Clock Tops, 5 00
Elegant Statuettes, 5 00
Handsome Shelf Ornaments, 5 00
Beautiful Easels, 5 00
Choice of 100 styles of Bronze
Goods,
Fine Silk Umbrella,
500
500
500
479
475
450
450
Pair Fine Blankets,
Elegant Handkerchief Case,
Set of Books,
New Silver BonBon Dishes,
N ew Silver Celery Dishes,
Cream Pitchers,
Silver Candlesticks, 4 20
Silver-handled Clothes Brushes, 4 00
Plush Toilet Cases, 4 00
' Silver-Pull Boxes, 3 50
8—4 Chenille Table Covers, 3 50
Handsome Damask Sets, 3 50
Pair Red Blankets, 3 50
Misses’ Cloak, 3 00
Three yam. Cloth for Cloak, 3 00
All Silk Umbrellas, 3 00
Handsome Waterproof, 3 00
Nice Picture, beautiful frame, 2 95
Photograph Albums, 2 75
Boxes Handkerchiefs, 2 5O
Choice of a Hundred Books, 2 50
Elegant Fancy Articles, 2 50
Plang’s Cards, 2 50
Choice of 100 Bromley Rugs, 2 35
Webster’s‘ Unabridged Dic-
tionary, 2 15
Webster’s Unabridged Dic- ‘
tionary, 1 95
Handsome Silver Cups, 1 75
420
Individual Castors, l 40
Prang’s Elegant Cards in boxes, 1 35
Men’s Fur Top Gloves, 1 5
Men’s Trimmed Night Shirts, 1 25
Pair Men’s Gloves, 1 00
Pair Ladies' Kid Gloves, 1 00
Elegadt Emb. Handkerchiefs, 1' 00
WHAT SHALL I BUY
‘ + Y RIEND?
, _ .. SUGGESTIONS BY . _ F
. w- B- HALL a: co...
Ladies’ Embroidered Skirt,
1 00
Infants' Plush Caps, 1 00
Infants’ Silk Caps, ‘ 1 00
Children’s Waterproofs, 1 00
Men’s Satin Suspenders, l 00
Handsome Manicure Sets, 1 00
Plush Toilet Cases, 1 00
Dolls with Natural Hair, 1 00
Choice of Many Nice Books, 1 00
Webster’s Unabridged Diction~
ary,
Handsome Plush Boxes with
Stationery,
100
75
75
75
75
Silver Ash Trays,
Silk Socks, hand made,
Ladies’ Canton Flannel Skirts,
All wool Shoulder Shawls,
Ladies’ Fine Underwear, 75
Fancy Swiss Aprons, 65
Waitress and Nurses’ Aprons, 50
Ladies' Night Robes, 50
Ladies’ Trimmed Chemises, 60
Ladies’ Trimmed Drawers and .
Skirts, 50
Infants’ Plush and Silk Cups, 50
Choice of 1,000 Books, I 50
Elegant Children's Books, 50
Plush Boxes. with Stationeay, ' 39
Dolls with Natural Hair, 25
Infants’ Bibs, a 25
Chaice of 1,000 Excellent Books, 25
Choice 800 Children's Books, 25
W. B. HALL & co.‘
LIST OF SILVEBWABE.‘
Individual Custom, 1.50, 1.60, 1.95,
and 2.10.
Card Trays, 1.60, 3, 4 and 4.90.
Silver Jars, 3.85
Butter Dishes, 2.50, 3.50, 3.85, 5.60,
5.75, 6.1520
Crumb Trays, 8.40, 9.45.
Clothes Brushes, 3.85, 1.00, 4,11.
Pickle Jars, 1.75, 2.15, 2.85, 3.50 and
4.33.
Hair Brushes, 6.25
Cigar Cases, 9.85, 13.65
BonBon Dishes, 3.85, 4.50
Salad Dishes, 6.25, 10 85
Celery Dishes, 3.25, 3.85, 4 50, 5.25
Pails for Cracked Ice, 3.85, 4.50
Cracker Jars, 7.35, 6.30, 7.00
Water Sets, 14.00 '
Silver Pitchers, s 65.
Cream Pitchers, 4.20, 4.90, 5, 5.95
W. B. HALL 8: 00.
Sugar Bowls, 4.75, 4 90, 5.60
Cotfee and Tea, 5.60, 5 75, 5.85
Cologne Bottles, 3, 3.50, 5.25
Pepper and Salts, 700, 1.15, 1.40 and
2.15
Casters, 2.85, 3.85, 4.25
anesns, 14.00
(Jake Baskets, 3.15, 3 50, 4.50
Nut Dishes, 6 65, 11.25 .
Syrup Pitchers, 5.60, 5.75
4-15...."1 . V
'4 Christmas- ~pur0hasers Will find in other. columns Special. Lots of Goods
adapted for Presents, all marked at our Low and uniform prices. '
Seal Clocks, J ackets,_ :
i ‘ Capes and Furs,
EVERY QUALITY AND SIZE. ‘
1
Berry Dishes, 425, 5.25
WHB HALL szco-.. '
BRIDGEPOBT, CONN. ‘
75/
Don't Fol-ire: this Call.
In the midst of your gleeful Christmas
cheer do not forget. that most piteous of
all appeals that has come up front the
Norwalk poor C iildren's Home. Of all
the calls made on you to make some one
happy. none are more touching than o‘e—
lectiuan Diskam’s appeal for these desti—
tntc little ones. Have you not got aoml-
old‘toy that has been laid away? Can't
you think of Something that you can spare
that would please these little children who
will have no “Merry (lllt‘lSl-lntts"tlllly what
outsiders may giVe'f If you haVe tint got
any such thing. you haw. not a little mt-n-
ey, haven't you? A few cents will In lp.
Now then just be real charitable and it I.
give these poor children a "Merry Chrat -
mas."
— —-———< o
SOUTII-NOR WALK
Now that there is to b: a d.i-y lssrc o
the Gazii'r'ra, it is reasonable to mp; one
that there will be local I cw; printed iron:
the upper end of the towu that will to of
some importance, and will be worth more
than the simple reading
Rev. Mr. Biddle of the Congregations
church tendered his resignation Sunday, to
take client Julv hit, 1891. i
The funeral of Joseph Henry Raymond
was attended Sunday from the restdeuce 0
his son. Rev. Mr. North ofthe Methodist
churchofliciated, assisted by the choir of
his church, which sung appropriate-eclect-
ions. »
The liquor cases are dragging sl. wly
along, the reinonitrantsas plaintifl’s, tou—
tending with great persistancte against linen-
sing these places, and proving conclusively
that they are nuisuucies to a great number
of people. The evrdenca for the defence has
assumed that only the rich are opposed to
toe location, while one of their witnesses
declared that in his opinion a suitable place
for a saloon Would be on either side or ad-
joining at church. This is a somewhat. dif-
ferent view thana witness trim the same
congregation had, who testified that the
most suitable place for a saloon would be on
a barren island. The end is not yet, and
will not. be as long a4 the in they holds cut.
WEST NOR WALK.
A Sociah c was he d at the residence of
Win. F. Mather,ou Thurs lay evening,
Dec. 18111, for the purpose of compt-nst-
ing the ministers for their Services in the
Union Chapel, during the past year.
Socially it was a success. Dancing Was
kept up until the “ Ne small hours.
Mr. R. T. Matthiey and wile. will attend
a family reunion at. their former home in
New York city to— liort‘ow.
Miss Etta Davis of New Canaan has
been 813' riding the past two weeks with
her aunt, Mrs. Sellcck Weed.
The Mather Bros. are gathering quite it
crop of ice.
Skating on the. pond is superb, and has
been well patioiiiz -d by tooth on! and
nights we have had.
Mr. and Mrs. H tward SlaWfln have I.
young lull.
Mrs. Wm. J. Hither and II 'I. Lm pill
Wlioerle are recovering-from q i to 51:11 on
illnesses.
Mrs. Joseph Fillow has heel Visiting her
mother in Hartford.
Members of the Norwalk praying bind,
six in number, united with the usual at-
tendants in conductingaprayer and praise
service at the home of Stephen Tompkins,
Sunday evening. An interesting and
profitable season was enjoyed. ‘
Mr. and Mrs. Ja nes Bites expect to
spend the holidays in Brooklyn.
~——-«.——_
Dar Bridnport Latter.
Hrs. Harriet B. Hamill, widow of the-
late Harvey Haight, died on Monday at
the residence of her son, Win..C-. Hunt,
228 Main street. Milo. Haight has been a
great sufferer from cancer.
will be greatly missed. . .
Hon. P. T. Barnum remains about tho-
same.
ing physicians. Dr. Loomis comes every
of New Canaan, was formerly- pastor.
Wilton, Conn. I, ,. . . .
At the li'airtieldavenue~ M. E chm-oh,
on last l‘hursdayeveniua, was solemn and
the marriage of .MiuSanic. Sherw 0d,.
mony. ..
'da to brew thauall other washingoompounla
young. especially on the fine moonlight ‘
She wasn't-ll .
known in this city as a noble Christian .-
woman aud was kind to the poor. She...
Rev.IJ. G. Davenport, of; Wétfilbll'fi;
preached in the Park‘st'reei‘church on .Q‘Q;
9""“91- Mr! Damnation” plucc- it -~
' daughter of Mr. and MN. [1. Clinton ‘
Sherwood, to MnGeorze. E; : Halves; ‘au—'."
perintendeut of :the Bridgeport Got-setup; .
Rev. L. B. Streetcr performed the c’ere—uin
,_-.
..t:. 17?.
In every town where Havens is introduced the '
D" Ultlmis, '0' New York, out a
. Dr. Hubbard of this city are his ltledtlé , _:
day fromNew York and Dr. Hubbard is 5:12.
in attendance almost constantly. . . . lit-r
Rev. Edward G. Fullerton, ' 0(1WotneI-lf 'f
ter, has accepted the call 'to_'the Park-V
stroct Congregational church 'in_ East,
B idgeport. . He will cmiiii'ience- hia'dtlf‘j“
ties on the neednd 'Su‘uday'ia Journey's:
It. will be remembered thatgthis istln'j.
church of. which the Rev. Mr. "Hopkins, 1", .
i:
e: r
.(,
flu
is...
Norwalk Chronicler