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Brookville American
Brookville, Franklin County, Indiana
What is this article about?
Reports on Senator Douglas seeking loans of $50,000 to $100,000 from Wall Street capitalists for his Illinois political contest, including a recent negotiation for over $100,000 for western mortgages and speculations. Tammany Hall managers secretly favor him but provide no financial aid.
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A good deal has been said relative to certain applications made by Senator Douglas to the capitalists of Wall street for a loan of from fifty to one hundred thousand dollars to carry on the contest in Illinois. The last time the Senator was in New York he opened a negotiation in Wall street for a loan of over $100,000, the major part of which was to meet engagements in the shape of mortgages on landed property, and other speculations out West. As to Tammany Hall, or any of the politicians here, aiding him with five cents, it would be more than they have done for years. It is well known that the present managers of Tammany Hall are secretly in favor of Douglas, and willing to assist him in every possible way—money always excepted.—N. Y. Herald.
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Where did it happen?
Domestic News Details
Primary Location
Wall Street, New York
Key Persons
Outcome
no financial aid from tammany hall; loans sought for illinois contest and western engagements.
Event Details
Senator Douglas applied to Wall Street capitalists for loans of $50,000 to $100,000 to support his Illinois contest. During his last New York visit, he negotiated for over $100,000, mainly for mortgages on western land and other speculations. Tammany Hall politicians secretly support him but refuse monetary assistance.