1838-08-23 +MANCHESTER MICH----WASHTENAW CO---FAINT RED #MANUSCRIPT CANCEL & MS PAID 25 RATE TO HUSTON TEXAS VIA CHICAGO & NEW ORLEANS----FROM A.F. STARK, REGARDING NEWS & MICHIGAN BANKING READING IN PART "...WE HAD THE LOUDEST TIME WITH BANKS IN THIS STATE FOR THE LAST YEAR THAT WAS EVER KNOWN. THERE WAS ABOUT 50 NEW BANKS CREATED UNDER THE GENERAL BANKING LAW OF THIS STATE & THE DETROIT CITY BANKS IMMEDIATELY COMMENCED A WARFARE AGAINST THEM & THEY HAVE USED THEM ALL UP NEARLY...& THESE SAME WILD CAT BANKS SO USED UP HAVE A CIRCULATION IN THE HANDS OF COMMUNITY OF ABOUT EIGHT MILLIONS WHICH MUST BE VERY NEARLY A DEAD LOSS..."---FINANCIAL-----GENEALOGY-----COURTESY OF HAYES I/WHITFORD AUCTION 2013 LOT 360 $220

Year: 1838
Date: 1838-08-23
County: Washtenaw
City:
Category: MI Covers , MI Genealogy , Manuscripts , Michigan Stampless Letters , Privately Owned
Associated Pages: 0