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Story
November 17, 1836
Herald Of The Times
Newport, Newport County, Rhode Island
What is this article about?
A Jackson supporter desperately asks a broker to cash a draft from New Orleans at six percent interest, finding consolation in the bank's downfall, amid commentary on currency policies draining the economy under Van Buren.
Clipping
OCR Quality
95%
Excellent
Full Text
"Can you cash me this little draft on N. Orleans to-day, I am dreadfully pushed?" said a noisy Jackson man to a broker. "Why, we may possibly do it at six per cent."
"Six per cent! my conscience; well, give me the money, I have one consolation left--the Bank is down!"
[The above is from the New York Star.-- Doubtless just such instances occur every day. They afford a most excellent comment upon the currency-tinkering experiments which are now draining the very life blood from the bone and muscle of the community, its industrious merchants and mechanics.-- They bleed at every pore, and yet we are complacently insulted by Van Buren's tools, with the assertion that it is all deceived, and is the result of overtrading.]
"Six per cent! my conscience; well, give me the money, I have one consolation left--the Bank is down!"
[The above is from the New York Star.-- Doubtless just such instances occur every day. They afford a most excellent comment upon the currency-tinkering experiments which are now draining the very life blood from the bone and muscle of the community, its industrious merchants and mechanics.-- They bleed at every pore, and yet we are complacently insulted by Van Buren's tools, with the assertion that it is all deceived, and is the result of overtrading.]
What sub-type of article is it?
Curiosity
What themes does it cover?
Misfortune
What keywords are associated?
Financial Distress
Bank Failure
Currency Crisis
Jacksonian Politics
What entities or persons were involved?
Jackson Man
Broker
Story Details
Key Persons
Jackson Man
Broker
Story Details
A noisy Jackson man asks a broker to cash a draft on New Orleans at high interest due to financial pressure, consoling himself with the bank's failure, as commentary on economic distress from currency policies.