Rensselaer Republican, Volume 25, Number 37, Rensselaer, Jasper County, 11 May 1893 — BLACK FRIDAY. [ARTICLE]

BLACK FRIDAY.

Wall 9treet‘J , fUl£*-Ajpj|kjr ojJSGreat s Excite- _ Friday was a day of exceptional activity and excite edent on the Newark Stock Exchange. :Tho failures of S. V. White, Ferris & Kimball and W. L. Patton & Co. ware Xhnc)Uinsd | wpy§ gold out Toy the account of these houses and the avalanche of offerings created a more panicky condition of affairs 42*’ th '° MmeoL the Hiring panic. According to those who passed through the Black Fricf&y troubles and aU i% financial since then, there never has been a timo when stock exchange houftos were so -euhiplotely deraorafiapi. bettarnd#'. Heavy buyer of d tvidend) secuf I ties, and . Igte in the day funds Conservative financiers beliovettyat the worst “ over, DroxeP/Mdrgan A*! Co. and the their liritnenee to ngvert disaster* and it was through their efforts that tWo%iarkot fab lied.