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Story June 22, 1855

Lewisburg Chronicle

Lewisburg, Union County, Pennsylvania

What is this article about?

During the California Financial Panic, a Dutchman in San Francisco anxiously withdraws and redeposits his $200 across multiple banks due to rumors of failures, finally deciding to sew it into his wife's petticoat for safety.

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OCR Quality

95% Excellent

Full Text

California Financial Panic.

A San Francisco correspondent of the New York Daily Times thus makes light of the perplexities of a small capitalist in that city who was in trouble for a safe place of investment:

"A Dutchman who had a couple of hundred dollars in Page, Bacon & Co.'s drew out, and after carrying it about an hour or two, thinking Adams & Co. must be perfectly safe, deposited there. Happening to hear some doubts expressed about another he became alarmed and drew it out, took it to Wright's and opened an account with him. He had not got ten rods from the door before he saw a man rushing to the office looking wild. Poor Sauerkraut thought the devil must be there too and forthwith drew a check for two hundred and continued to deposit and draw again nearly every banking house in town, until tired out and thoroughly in despair, he sat down upon a curbstone, wiped the perspiration from his face, and soliloquised: "Mine Got, vere shall I put mine dollars?" Me put 'em in ten different banks, so soon I put em there he pekin to prake; I gets bim out and no proke! I take de monies home and sows him up in der petticoat ov mine vrow, and spose she prakes! I prakes ber head." And struck with the idea he rushed for home, and probably has rejoiced over his plan, which more might have followed and been better off."

What sub-type of article is it?

Curiosity Historical Event

What themes does it cover?

Misfortune Fortune Reversal

What keywords are associated?

Financial Panic San Francisco Banking Crisis Dutch Immigrant Savings Security

What entities or persons were involved?

Dutchman Sauerkraut

Where did it happen?

San Francisco

Story Details

Key Persons

Dutchman Sauerkraut

Location

San Francisco

Event Date

California Financial Panic

Story Details

A Dutchman panics during the financial crisis, shifting his savings between failing banks before sewing the money into his wife's petticoat to prevent loss.

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