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Jay Cooke
Jay Cooke (August 10, 1821 – February 16, 1905) was an American financier who helped finance the Union war effort during the American Civil War and the postwar development of railroads in the northwestern United States. He is generally acknowledged as the first major investment banker in the United States and creator of the first wire house firm. Early life Cooke was born at Sandusky, Ohio, the son of Eleutheros Cooke and Martha Carswell Cooke. Eleutheros Cooke was a pioneer Ohio lawyer and Whig, a member of the Ohio General Assembly, and a member of Congress from Ohio from 1831 to 1833. Financier of the Civil War In 1838, Cooke went to Philadelphia, where he entered the banking house of E. W. Clark & Co. as a clerk, and became a partner in 1842. He left this firm in 1858. On January 1, 1861, just months before the start of the American Civil War, Cooke opened the private banking house of Jay Cooke & Company in Philadelphia. Soon after the war began, the state of Pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sandusky, Ohio
Sandusky ( ) is a city in Erie County, Ohio, United States, and its county seat. Situated on the southern shore of Lake Erie, Sandusky is located roughly midway between Toledo, Ohio, Toledo ( west) and Cleveland ( east). At the 2020 United States census, 2020 census, the city had a population of 25,095, and the Sandusky metropolitan area had 115,986 residents. Sandusky was established in the early 19th century and developed as a port city at the head of Sandusky Bay. It is home to Cedar Point, one of the most popular amusement parks in the world, as well as water parks including Cedar Point Shores, Castaway Bay (Sandusky, Ohio), Castaway Bay, Great Wolf Resorts, Great Wolf Lodge, and Kalahari Resorts, Kalahari. The headquarters of Cedar Fair Entertainment Company were located in the city until it merged with Six Flags, who retains some administrative offices in Sandusky. Etymology The accepted etymology is that the name "Sandusky" is derived from the Wyandot language, Wyandot w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Act
The National Banking Acts of 1863 and 1864 were two United States federal banking acts that established a system of national banks chartered at the federal level, and created the United States National Banking System. They encouraged development of a national currency backed by bank holdings of U.S. Treasury securities and established the Office of the Comptroller of the Currency as part of the United States Department of the Treasury. The Act shaped today's national banking system and its support of a uniform U.S. banking policy. Background Antebellum Period At the end of the Second Bank of the United States in 1836, the control of banking regimes devolved mostly to the states. Different states adopted policies including a total ban on banking (as in Wisconsin), a single state-chartered bank (as in Indiana and Illinois), limited chartering of banks (as in Ohio), and free entry (as in New York). While the relative success of New York's "free banking" laws led several states also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister Of Canada
The prime minister of Canada () is the head of government of Canada. Under the Westminster system, the prime minister governs with the Confidence and supply, confidence of a majority of the elected House of Commons of Canada, House of Commons; as such, the prime minister typically sits as a Member of Parliament (Canada), member of Parliament (MP) and leads the largest party or a Coalition government, coalition of parties. As List of current Canadian first ministers, first minister, the prime minister selects ministers to form the Cabinet of Canada, Cabinet. Not outlined in any constitutional document, the prime minister is appointed by Monarchy of Canada, the monarch's representative, the Governor General of Canada, governor general, and the office exists per long-established Convention (norm)#Government, convention. Constitutionally, Executive (government), executive authority is vested in the monarch (who is the head of state), but the powers of the monarch and governor gene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jay Cooke Mausoleum PA
Jays are a paraphyletic grouping of passerine birds within the family Corvidae. Although the term "jay" carries no taxonomic weight, most or all of the birds referred to as jays share a few similarities: they are small to medium-sized, usually have colorful feathers and are quite noisy. These superificial characteristics set them apart from most other corvids such as crows, ravens, jackdaws, rooks and magpies, which are larger and have darker plumage. Many so-called "jays" are genetically closer to these other corvids than other jays, however. Systematics and species Jays are not a monophyletic group. Anatomical and molecular evidence indicates they can be divided into a New World and an Old World lineage (the latter including the ground jays and the piapiac), while the grey jays of the genus ''Perisoreus'' form a group of their own.http://www.nrm.se/download/18.4e32c81078a8d9249800021299/Corvidae%5B1%5D.pdf PDF fulltext The black magpies, formerly believed to be related to j ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panic Of 1873
The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain. In Britain, the Panic started two decades of stagnation known as the "Long Depression" that weakened the country's economic leadership. In the United States, the Panic was known as the "Great Depression" until the events of 1929 and the early 1930s set a new standard. The Panic of 1873 and the subsequent depression had several underlying causes for which economic historians debate the relative importance. American inflation, rampant speculative investments (overwhelmingly in railroads), the demonetization of silver in Germany and the United States, ripples from economic dislocation in Europe resulting from the Franco-Prussian War (1870–1871), and major property losses in the Great Chicago Fire (1871) and the Great Boston Fire (1872) helped to place massive strain on bank reserves, which, in New York ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Pacific Railway
The Northern Pacific Railway was an important American transcontinental railroad that operated across the northern tier of the Western United States, from Minnesota to the Pacific Northwest between 1864 and 1970. It was approved and chartered by the 38th Congress of the United States in the national / federal capital of Washington, D.C., during the last years of the American Civil War (1861-1865), and received nearly of adjacent land grants, which it used to raise additional money in Europe (especially in President Henry Villard's home country of the new German Empire), for construction funding. Construction began in 1870 and the main line opened all the way from the Great Lakes to the Pacific Ocean, just south of the United States-Canada border when Ulysses S. Grant, drove in the final "golden spike" completing the line in western Montana Territory (future State of Montana in 1889), on September 8, 1883. The railroad had about of track and served a large area, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lake Superior And Mississippi Railroad
The Lake Superior and Mississippi Railroad is the name of two railroads in Minnesota: a freight and passenger line that operated from 1870 to 1877 and a Heritage railway, heritage railroad that has operated since 1981. Historic railroad The Lake Superior and Mississippi Railroad (LS&M) was the first rail link between the Minneapolis-Saint Paul, Twin Cities and Duluth, Minnesota, Duluth and came into existence in 1863 when financier Jay Cooke selected Duluth as the northern end of a new railroad. Lyman Dayton, a local businessman put up $10,000 of his own money to do the original surveying work and served as the railroad's president until his death in 1865. Dayton was succeeded as president by Frank Hamilton Clark, a Philadelphia banker whose E. W. Clark & Co., family firm gave Cooke his start in the financial industry. The LS&M was completed in 1870, running through the city of Carlton, Minnesota, Carlton and running along the path of the Saint Louis River (Lake Superior tributa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morrill Land-Grant Acts
The Morrill Land-Grant Acts are United States statutes that allowed for the creation of land-grant colleges in U.S. states using the proceeds from sales of federally owned land, often obtained from Native American tribes through treaty, cession, or seizure. The Morrill Act of 1862 (12 Stat. 503 (1862) later codified as et seq.) was enacted during the American Civil War, and the Morrill Act of 1890 (the Agricultural College Act of 1890 (, later codified as et seq.)) expanded this model. Passage of original bill Beginning in the 1830s, a political movement called for the creation of agriculture colleges. The movement was led by Professor Jonathan Baldwin Turner of Illinois College. For example, the Michigan Constitution of 1850 called for the creation of an "agricultural school", though it was not until February 12, 1855, that Michigan governor Kinsley S. Bingham signed a bill establishing the United States' first agriculture college, the Agricultural College of the Stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carlton County, Minnesota
Carlton County is a County (United States), county in the U.S. state, State of Minnesota, formed in 1857. As of the 2020 United States census, 2020 census, the population was 36,207. Its county seat is Carlton, Minnesota, Carlton. Part of the Fond du Lac Indian Reservation lies in northeastern Carlton County. Carlton County is part of the Duluth MN–WI Metropolitan Area, Duluth, MN–WI Metropolitan Statistical Area. Geography Carlton County lies on Minnesota's eastern edge. Its eastern boundary abuts Wisconsin. The Saint Louis River (Lake Superior tributary), Saint Louis River flows east-southeast through the county, discharging into Lake Superior. The Moose Horn River flows southwest through the county, discharging into the Kettle River (St. Croix River), Kettle River. The Nemadji River and the South Fork Nemadji River flow east through the county, meeting a few miles east of its eastern boundary before reaching Lake Superior. The county terrain consists of low rolling hill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Duluth, Minnesota
Duluth ( ) is a Port, port city in the U.S. state of Minnesota and the county seat of St. Louis County, Minnesota, St. Louis County. Located on Lake Superior in Minnesota's Arrowhead Region, the city is a hub for cargo shipping. The population was 86,697 at the 2020 United States census, 2020 census, making it Minnesota's List of cities in Minnesota, fifth-largest city. Duluth forms a metropolitan area with neighboring Superior, Wisconsin, called the Twin Ports. Duluth is south of the Iron Range and the Boundary Waters Canoe Area Wilderness. It is named after Daniel Greysolon, Sieur du Lhut, the area's first known European explorer. Duluth is on the north shore of Lake Superior at the westernmost point of the Great Lakes. It is the largest metropolitan area, the second-largest city, and the largest U.S. city on the lake. Duluth is accessible to the Atlantic Ocean, away, via the Great Lakes Waterway and St. Lawrence Seaway. The Port of Duluth is the world's farthest inland port ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jay Cooke Drawing Room
Jays are a paraphyletic grouping of passerine birds within the family Corvidae. Although the term "jay" carries no taxonomic weight, most or all of the birds referred to as jays share a few similarities: they are small to medium-sized, usually have colorful feathers and are quite noisy. These superificial characteristics set them apart from most other corvids such as crows, ravens, jackdaws, rooks and magpies, which are larger and have darker plumage. Many so-called "jays" are genetically closer to these other corvids than other jays, however. Systematics and species Jays are not a monophyletic group. Anatomical and molecular evidence indicates they can be divided into a New World and an Old World lineage (the latter including the ground jays and the piapiac), while the grey jays of the genus ''Perisoreus'' form a group of their own.http://www.nrm.se/download/18.4e32c81078a8d9249800021299/Corvidae%5B1%5D.pdf PDF fulltext The black magpies, formerly believed to be related to j ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
