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Updated: June 20, 2025
The financial storm that swept over the country in 18 , toppling down merchants and banking-houses like so many ten-pins, carried with it in the general wreck and ruin, that of Brandon, Herman & Co., and the senior partner, Sylvanus Brandon, returned to his home in Brooklyn, New York, one evening worse than penniless.
"The Consolidated has plenty of its own business to attend to." "But I say you are trying to run our business, too no, ruin it!" "Do you realize, Mr. Davis, that you are accusing me of criminal conspiracy making a statement that might go hard with you in a court of law? You have accused me of trying to discredit you with banking-houses.
"Then within a week, in walked the manager of the Mozambique Hotel he had been stung with the fake International Express money-order same Englishman, too, I believe." "And you have no trace of him?" asked Kennedy eagerly. "We had him under arrest once we thought. A general alarm was sent out, of course, to all the banks and banking-houses.
He feels, only too keenly, that railroads and telegraphs, steamships and power-looms, banking-houses and stock companies, though good and useful institutions, are not the mothers of genius, nor the schools of inspiration; and therefore he leaves his country, and goes to Rome, and there feasts on the fruits gathered by the hands of St.
Germany was to retain certain forts in France, and her troops in them were to be rationed by the French until this money was paid. It was paid in an incredibly short time, chiefly by the help of the great Jewish banking-houses; and the last of the Germans retired to their own soil in September, 1872.
He would come back and talk with Madame Desvarennes about it, because she ought to participate in the large profits which the matter promised. There was no risk. The novelty of the undertaking consisted in the concurrence of the largest banking-houses of France and abroad, which would hinder all competition, and prevent hostility on the part of the great money-handlers.
The deserted counting-houses, with their secrets of books and papers locked up in chests and safes; the banking-houses, with their secrets of strong rooms and wells, the keys of which were in a very few secret pockets and a very few secret breasts; the secrets of all the dispersed grinders in the vast mill, among whom there were doubtless plunderers, forgers, and trust-betrayers of many sorts, whom the light of any day that dawned might reveal; he could have fancied that these things, in hiding, imparted a heaviness to the air.
But as one hears of them from Americans who, since the war began, have been working in the hospitals, on distributing committees, in the banking-houses, and as diplomats and consuls, that our country is most unpopular is only too evident. It is the greater pity because the real feeling of our people toward France in this war is one of enthusiastic admiration.
But the throats of the rich ought not to be cut, nor their magazines plundered; because, in their persons, they are trustees for those who labor, and their hoards are the banking-houses of these latter. Whether they mean it or not, they do, in effect, execute their trust, some with more, some with less fidelity and judgment.
The banks found their securities rapidly becoming insecure, and hence there was a depreciation in the currency. This was not uniform, but varied from five to sixty per cent., according to the value of the bonds the respective banks were holding. Each morning and evening bulletins were issued stating the value of the notes of the various banking-houses.
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