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Robert Morris was appointed Financier in 1871, and took energetic steps to introduce order into the mass of loan certificates, foreign loans, certificates of indebtedness, and mountains of paper currency; but one unescapable fact stood in his way, that the States felt under no obligation to pay their quotas of expenses.
Opera, it is said, should spring from the brain like Minerva, fully armed. So much the better if such divine intellects can be found, but they are rare and always will be. For dramatic and literary art on the one hand and musical art on the other require different powers, which are not ordinarily found in the same person. I first met Louis Gallet in 1871.
Three or four days after arriving at Mahe, one of the Seychelles group, I was fortunate enough to get a passage for myself, William Lawrence Farquhar, and an Arab boy from Jerusalem, who was to act as interpreter on board an American whaling vessel, bound for Zanzibar; at which port we arrived on the 6th of January, 1871.
Stockton and served in the Senate with usefulness and high credit until March 4, 1871. He had been all his life engaged in commercial affairs, but had taken active part in politics and had held many positions of trust in his native State. In 1844, at twenty-eight years of age, he was a member of the Constitutional Convention of New Jersey and made his mark in its proceedings.
All this I saw exactly in my dream, so that I described the kitchen furniture and where I sat as perfectly as if I had been there, though I had never been in the house. Mr. W. A. S., to quote another case, in April, 1871, at two o'clock in the afternoon, was sitting in a house in Pall Mall.
In the winter of 1870 and 1871 I first met George Watts Garland, an English gentleman, and a great hunter, whom I had the pleasure of guiding on several hunts and with whom I spent some weeks. During the winter I also took several parties out on the Loupe River country, hunting and trapping.
This was not the first time that he had been exploring, as he accompanied his brother to this colony four years ago, and in 1871 the Government sent him out in command of a party to find new land, when he went out about 600 miles. He thanked them for the very kind way in which they had spoken of his companions.
The number of commercial failures in 1875 was double the number of 1872. The number of failures in 1878 was over three times that of 1871. The same thing happened in the eighties. The liabilities of concerns failing in 1884 were nearly four times the liabilities of those failing in 1880. The climax came in the nineties, after a period of comparative prosperity. Hard times began in 1893.
In June, 1871, she accompanied her friend Elizabeth Clay on a visit to Switzerland; there she thoroughly enjoyed the Alpine climbing, and revelled in the grand scenery of Mont Blanc and other snow mountains. On a subsequent visit Mont Blanc was ascended as far as the Grand Mulets.
At first a share in a company represented a running foot on the lode's length. In 1871, Mr. Cornelius O'Connor bought ten shares of Consolidated Virginia at eight dollars a share. When it had been divided into one thousand shares and he was offered $680 a share, he had the sagacity to sell, realizing a profit of $679,920 on his investment of $80.
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