September 24, 1873

SUFFOLK, Massachusetts

"Long Depression", "Panic of 1873"

         “Father has not yet returned. We are a little interested to know whether he had any money in the hands of Clews & Co. whom we hear failed yesterday, or I should say, suspended, but I suppose it amounts to the same thing.” As Blanche Butler Ames wrote his brother in September 1873, he had no idea of the economic downfall to come.  The failure of Jay Cooke & Co, one of the United...