Press enter after choosing selection

Stampede To Save Duties

Stampede To Save Duties image
Parent Issue
Day
19
Month
March
Year
1897
Copyright
Public Domain
OCR Text

New York, March 16.- When. on Saturday last, the duties on withdrawals reached the remarkable total of $1,488,000 it was believed that the panic begun on last Wednesday had reached its culmination. Monday's aggregate showed, however, that the panic had really only begun on Saturday. When the doors of the custom house closed at 5 p. m. Cashier Northup had collected exactly $2,667,979.51. The aggregate is the largest in the history of the New York custom house for one day, previous record being $2,308,000, made Aug. 1, 1872, when the late A. T. Stewart made his iaraous payment of $1,000,000 on goods with drawn. Monday's record breaking total was made up of $2,178,515.36 on withdrawal from bonded warehouses, and $489,464.1 paid in direct duties upon Monday' port arrivals. The largest sum received from one flrm was $190,000. Most of th goods involved in the panic are raw su gar, woolens, dress goods and tobáceo The custom receipts since last Wednes 4ay have been $6,089,642.

Article

Subjects
Ann Arbor Argus
Old News