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CHAPTER XLVI.

Author: Henry Clews Chapter 59

AN IMPORTANT SYNOPSIS. A RESUME IN BRIEF OF THE LEADING EVENTS CONNECTED WITH WALL STREET AFFAIRS FOR SEVENTY-SEVEN YEARS. _December, 1816._—The first savings banks in the United States went into operation. _July, 1820._—Great financial distress throughout America. The causes were excessive importations and a deranged currency. _August, 1833._—There was great commercial distress, caused by contraction by the United States Bank. The bank defended its course on the ground of the evident hostilities of the Adminis…

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