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Who One Failure Hits

Who One Failure Hits image
Parent Issue
Day
26
Month
September
Year
1873
Copyright
Public Domain
OCR Text

A Washington dispatoh says; The mest prominent depositor in the First National Bank of that city, uext to President Grant, was Andiew Johnson. ín the First National he has always kept his account since he was made President, and it will be remembered that while Gen. Butler was making au investigation as to the causes which prevented the inipeaehinent of Mr. Johnson, the latter's bank account was pried into, and it was found that his worldly wealth did not exceed $75,000. At the time of the failure of the bank Mr. Johnson had $00,000 to his credit, on which he was reeeiving six per cent. interest, which was his only revenue. Should the bauk be unable to discharge its obligations, a contingency jy no means improbable, 'px-Piesident Fohnson will be aimost permiless. Another case which will excite syuipathy is hat of Mrs. John G. Wilson, whose husand, a member of Congress elect froia Jregon, recently died. Mr. Wilson had 11,000 on deposit in the bank when he died, and arrangemeuts were being made by Judgo Williams and Senator Kelltsy to obtain the money for the widovv, who is wholly without means, and is now teaching school to support her family. The Smithsonian lnstitute had 1 10,000 on deposit. The Children's Hospital, a beuevolent iustitution, which had done great good iu Washington, had 19,000. Judge McArthur, of the District Court, lost $10,000. Senator Pattersan, of South Carolina, it is said, had $14,000 in one of the susponded banks. Admiral ltowan had $(,000. The widow of a former navy agent, had $17,000, the proceeds of the sale of all the property she had, and it is said Gen. Hunter had a large balance to his credit. Even Mr. Knox, the Controller of the currency, whoso money was in the bank, said he hadn't money enough to go to market with the day after the suspension. Western farmers are proposiug to use their old iraplements or hire from their neighbors, or ii' they must buy, to pay cash, and to make wholesale purchases, whereby they will save at least 20 per cent. It is well enough to consider that a good deal can be sated in another direction. When a reaper or mower stands in the field or by the side of the fence for a year after it is used, or a plow stands in the furrow all winter, there is a loss of at least 20 per cent., which if saved is just as good as 40 par cent. earned. - New York Tribune. . If a farmer's productions are of really good quality, as they should be, they will bü sought iu preferente to what others have. There is the greatest difference in the world between choice and niiddlinu; ; between assorted, well-kept potatoes and j haphazard lots ; between grain that is ripe, clean and plump and shrunken i'oul "■rain, and so on through the whole list, and when a character is established there will be always inen auxious and willing to pay extra prices. Ono of the gentleman in Congress saying, "We must turn to the food of our ancestors," somebody asked, " What food does he mean ?" " Thistles, I suppose," was the reply.

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Subjects
Old News
Michigan Argus