Letter signed Edw. Miller, Chief Engineer, Pacific Railroad, St. Louis, to Samuel J. Reeves, Vice-President Phoenix Iron Company, October 6, 1857
Digital Image
Identifier: A1427-00119
Language of Materials
English
- Saint Louis History Collection | Letter signed Edw. Miller, Chief Engineer, Pacific Railroad, St. Louis, to Samuel J. Reeves, Vice-President Phoenix Iron Company. Regret company could not meet your draft which fell due here yesterday at house of J.H. Lucas & Company. They have stopped payment and closed their doors. The currency here is frightfully disorganized and notes of adjoining states is entirely discredited. Very few brokers are left to buy and sell. Mr. McPherson expects to meet your next note punctually. Yesterday was the darkest day financially that St. Louis has ever known. Five large private banking houses have already stopped and the rest are suffering runs. Even Harrison Chouteau & Vallee has failed. 800 men were thrown out of employment. I am almost afraid to look in a newspaper. Individuals mentioned: Mr. Lucas. Places mentioned: Cambria and Philadelphia., 1857 Oct 6
Repository Details
Part of the Missouri Historical Society Library and Research Center Repository