CHAPTER VI.

WALL STREET DURING THE WAR. THE FINANCIERS OF WALL STREET ASSIST THE GOVERNMENT IN THE HOUR OF THE COUNTRY’S PERIL.—THE ISSUE OF THE TREASURY NOTES.—JAY COOKE’S NORTHERN PACIFIC SCHEME PRECIPITATES THE PANIC OF 1873.—WALL STREET HAS PLAYED A PROMINENT PART IN THE GREAT EVOLUTION AND PROGRESS OF THE PRESENT AGE. Wall Street came to the rescue of the country when the war broke out. The Government then did not have money enough to pay the interest on the debt, and was sorely embarrassed for a time. The…