1857 letter from umarried farmer in McKeesport, PA on the financial panic of 1857 and family matters. Stephen Bayard.
1857 letter from umarried farmer in McKeesport, PA on the financial panic of 1857 and family matters
1857 letter from umarried farmer in McKeesport, PA on the financial panic of 1857 and family matters

1857 letter from umarried farmer in McKeesport, PA on the financial panic of 1857 and family matters

2 pp. letter dated Oct. 10 1857, Bayard apologizes to his aunt and uncle in Maryland for not writing sooner, blaming the long hours he works, and giving news from the Pittsburgh area. "George and his wife are lving with us, they expect to go to hoiuse keeping soon. I have not been so fortunate as to get a wife yet, I think I will have to go to Maryland for one, or follow Uncle Sammy's example and remain single. Papa has gone West and will not be back for a month." Bayard reports that almost all the banks have suspended operations in Pittsburgh "and very many persons are breaking up." He understands that there has been a general economic downturn everywhere and expects that his aunt and uncle are affected, too. (The Panic of 1857 was the first worldwide financial crisis, and while it did not last long, the consequences lasted well into the Civil War and may have been a factor in its cause). Bayard continues by saying he had just sold a 4 year old horse for $400 and has eight left, and that he hopes to visit his aunt and uncle sometime the following summer. Item #H8475

Price: $100.00

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