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bankers aid in 1861-621 by louise p kellogg when the news of the firing upon fort sumter aroused the north all eyes were turned upon new york not only as the monetary center of the country but as a city most closely allied in financial interests with the south the moneyed men of that city responded to the country's danger upon the stock exchange cheers were given for major anderson and april 17 1861 resolutions were passed pledging the loyalty of the institution to the government anderson and his command from fort sumter reached new york on april 18 and on saturday april 20 a monster mass-meeting was held in union square where five speaker's stands had been erected the resolutions adopted at this meeting not only pledged the loyalty of the city but provided for a union defense com mittee comprising thirty of the most prominent financiers and bankers headed by general john a dix recently secre tary of the treasury under president buchanan the mayor and the comptroller of the city were ex-officio members of this committee the city council appropriated 1,000,000 for the immediate needs of the new york troops and raised the funds by the sale of union defense bonds the com mittee of union defense acted ex-officio as a federal agent attending to the equipment and dispatching of regiments purchasing steamers for transportation feeding and shelter ing the troops without waiting for the action of the federal authorities at one time three members of the committee were entrusted with 2,000,000 federal money without securi ty or compensation by these means the seventh new york 1this article was originally prepared as a memorandum for the information of the wisconsin state council of defense in response to the request of charles mccarthy secretary of the council
Object Description
| Title | The Wisconsin magazine of history: Volume 1, number 1, September 1917 |
| Article Title | The Wisconsin magazine of history: Volume 1, number 1, September 1917 |
| Language | English |
| Publisher | State Historical Society of Wisconsin |
| Series | Wisconsin Magazine of History ; v. 1, no. 1 |
| Format-Digital | xml |
| Publisher-Electronic | Wisconsin Historical Society |
| Rights | © Copyright 2006 by the Wisconsin Historical Society (Madison, Wisconsin) |
| Publication Date-Electronic | 2006 |
| ISSN | 1943-7366 |
| Identifier-Digital | vol01no010000 |
| Description | The inaugural issue of the Wisconsin Magazine of History covers many firsts and oldests in the state, including first scholar Increase Lapham, the first capitol, oldest church, and the first poets. A forest fire in northern Wisconsin, how bankers financed the Civil War, and the diary of UW student and Civil War soldier Harvey Reid round out the issue. |
| Volume | 001 |
| Issue | 1 |
| Year | 1917-1918 |
| Type | Text |
Description
| Title | 25 |
| Page Number | 25 |
| Article Title | Bankers' aid in 1861-62 |
| Author | Kellogg, Louise Phelps, d. 1942 |
| Page type | Article home |
| Format-Digital | jpeg |
| Publisher-Electronic | Wisconsin Historical Society |
| Rights | © Copyright 2006 by the Wisconsin Historical Society (Madison, Wisconsin) |
| Publication Date-Electronic | 2006 |
| ISSN | 1943-7366 |
| Identifier-Digital | vol01no010029 |
| Description | Bankers' Aid in 1861-62: When the first shots of the Civil War were fired at Fort Sumter in 1861, the U.S. did not have a national banking system to help finance the war. To keep the North from financial collapse, banks throughout the North provided direct and indirect aid to the state and federal governments. This article recounts the various ways that banks responded to the national crisis in the early years of the Civil War. (10 pages) |
| Volume | 001 |
| Issue | 1 |
| Year | 1917-1918 |
| Decade | 1860-1869; |
| Subject | Banks & banking; Civil War, 1861-1865; |
| Full Text | bankers aid in 1861-621 by louise p kellogg when the news of the firing upon fort sumter aroused the north all eyes were turned upon new york not only as the monetary center of the country but as a city most closely allied in financial interests with the south the moneyed men of that city responded to the country's danger upon the stock exchange cheers were given for major anderson and april 17 1861 resolutions were passed pledging the loyalty of the institution to the government anderson and his command from fort sumter reached new york on april 18 and on saturday april 20 a monster mass-meeting was held in union square where five speaker's stands had been erected the resolutions adopted at this meeting not only pledged the loyalty of the city but provided for a union defense com mittee comprising thirty of the most prominent financiers and bankers headed by general john a dix recently secre tary of the treasury under president buchanan the mayor and the comptroller of the city were ex-officio members of this committee the city council appropriated 1,000,000 for the immediate needs of the new york troops and raised the funds by the sale of union defense bonds the com mittee of union defense acted ex-officio as a federal agent attending to the equipment and dispatching of regiments purchasing steamers for transportation feeding and shelter ing the troops without waiting for the action of the federal authorities at one time three members of the committee were entrusted with 2,000,000 federal money without securi ty or compensation by these means the seventh new york 1this article was originally prepared as a memorandum for the information of the wisconsin state council of defense in response to the request of charles mccarthy secretary of the council |
| Type | Text |